Member Info for IAmNotSpartacus

goodbye 2's

So planned work can start any time now, regardless of next meeting scheduled.

ValJu I don’t read it as a negative slant. Rather it’s being spelled out what’s about to happen.

CMG agreed but if you’re buying something you’d want to make sure it’s working when you take ownership. I would say this is a pre-condition that it’s handed over in that state.

Shut-in ahead of permits granted, T/O and the new operator benefits from immediate full capacity, ahead of the well re-entry.

Since the 29/8 there have been large final trades on most days which are slightly out of kilter with the prevailing SP. I would hazard a guess these are ‘worked’ trades through the day. Possibly SOLO raising cash by forward selling some of their position? Should be irrelevant when THAT RNS lands.

Perhaps he’s deliberately keeping the SP low to go after the other stakeholders at a low SP?

Yep they’re a steal @ 25% of the MCAP

Community Liaison Group now been arranged with Balcombe Parich Council. Questions for Angus needed to be submitted by midday today.

I’m of the opinion Solo are offloading some for the cash they need double-quick, and will also retain a position here for what they know is coming, for future cash flow requirements.

Yup. This seems to be their offloading range. Expect an RNS to confirm that soon.

Expecting a declaration of commerciality ahead of the injunction meeting on Monday.

Those "Buys" look like rollovers to me - same as the 32.5k trades yesterday?

@chrome it yielded 470bopd on the earlier test, restricted by the pumps maximum capacity. The additional HH acquisition implies there might be more to come....

@JJAL I got that from Eric Boyle. Think it was also mentioned at the AGM. Cantors note was not for broader circulation

It’s market sensitive news, so will be reported.

Can understand people’s frustrations here. But I believe we’re in safe hands as these guys do seem to know what they’re doing, it’s just obviously the time to implement which is frustrating. But I guess that the O&G industry. Re WD my understanding is that we’re not drilling, just finding the sweet spots, getting the leases and permits & then selling this on to a bigger player to drill and operate, also retaining a healthy working interest. So short term we’re waiting on nitrogen development, Helios unplugging & ED for a boost. I’ll hold for that & hope for a DTU curveball in the meantime. I take some comfort from our 3%er and other analysts looking at a conservative 40p by year end. An independent commissioned research note is also due soon. GLAH

And maybe a code at the offer price...some people suggest 3-3.5p is on the table

I thought it's a crude attempt at suppressing the SP ahead of the formal offer

I’m not