Member Info for Ibyb

Jeez! Will you guys chill the ef out! It's happened. We've been suspended. There's only two possibilities, good news or not good news. There's nothing we can do about the discussions or what ever is happening behind the scenes. If it's good, we're richer than what we invested. If it's not good then bottom line you shouldn't have invested what you could afford to lose.
Happy Tuesday.

All the best.

Coffee, did you keep your stake in EUA? If so, good luck on your holding.

It truely depends on the situation.

It can last hours, days, weeks, months and in some instances years.

With our situation I expect it to be days to weeks.

Due to the sharp activity on Monday I suspect word is getting out about discussions taking place and offers being tabled. Therefore to prevent sharp swings in activity and I also believe it is a legal requirement on the stock market, the stock is suspended until further clarification can be given.

I love a good suspension in the morning. Read into it as you will!

What if the report of valuation was an independent company supporting the legal sale of the assets?

:O

IT'S HAPPENING!

It's pathetic! Had I not of been sat on a 30% paper loss, I would be out of here today.

I cannot believe I favoured CASP to 10 bag before my other investments and increased my holding here over the years. 4 years and waiting and worse off than where I started. £1 party my f### ass!

Big Clive needs a reality check on how to draft a RNS, for an accountant, the numbers are utter drivel!

How the f### can an expected 3500bopd deep oil well supposedly operating on a 12mm choke be producing a mere average of 61bopd over a 40 day test period!?

Rather changing focus, buying a bloody sinking ship to work on the shallows, they should be putting atleast 95% focus on the deeps.

How the majority shareholders are accepting this is beyond me!

There's nothing more entertaining than watching two keyboard warriors go at each other over a non - issue. I'd say it's just as entertaining as watching the shareprice keep shooting upwards.

@Boosh

Apology accepted. Please do not repeat said mistake again.

Yours truly

PME Police

#keepingthepeoplehonest!

@Boosh, PME is not a speeding ticket, it's a trade that can't be matched via the auction period, if it's not matched they need more time to review to match the trade just before auction. It gives the buyer or seller the option to buy, amend or delete the trade. Tends to happen when orders are placed just before auction, large buys or large sells. It's neither good or bad imo.

What you're referring to by speeding tickets is when a company issues a notice that they have no idea why the Share Price is moving. This will result in an immediate halt in the spike and more often than not cause it to tank.

The truth is, nobody knows wtf is going on. I've been here since 2015 and i'm still trying to lift my jaw off the floor. We all hoped it would get to this stage. But nobody thought it actually would...

This is getting extremely frustrating... Just when we think we are making progress, pin drop silence.

My expectations or target was 30p and that was me being very optimistic. I've been here for some bloody time and would be very happy to offload the rest of my holdings for 50p. I'm sure the rest of you will also.

It's testament that the price is holding strong. On favourable news this will surpass 4p

I prefer to live life with a half glass full approach opposed to glass half empty.

Unless they physically say they shut the well due to an issue, i'm assuming it's flowing at a rate of 1500bpd under a 12mm choke being barrelled and flogged at $26.

We should see news this week with an update and whether the well is or is going to go on 90-day flow test and at what choke size.

The fact remains, A5 has been flowing for circa 29 days (unless stated otherwise) .

($26 x 1500bpd)x29 = $1,131,000.00 Gross

For ever day it is flowing at the current choke it is producing just shy of $40,000.00 Revenue

Somethings afoot...

"The quantity of oil produced during 2019 as a whole, all of which came from the shallow structures at BNG, exceeded 500,000 barrels."

Let's just assume they sold all of this at the domestic rate that would gross >$9,000,000.00 just from the shallows.

2020 is going to the best year ever!

That is the weakest counter argument I have ever heard.

Tonna has assumed that CASP mcap is just based on A5? Illogical.