Member Info for ID78

Most of the sells are large round numbers - suggesting a large seller. And we know we have a legal seller in Spreadex…

*pure hot air

Sheephatch,

Whitenight was certain of failure prior to the rig arriving. Now - yes there could be an unfavourable outcome - however the odds are low. More to the point, nobody knows until you drill the sidetrack and flow test.

Whitenihht knew before the rig arrived on site, so it’s pure joint air…

Carrot, I agree on Spreadex.

Last week I had them at (worst case)- 225mill shares left … or (best case) - 80mill.

The 10mill sells disappeared. Then they came back.

Today’s big sells plus 2x10mill trades on previous days mean they have to be down near 100mill, or less, left… 🤞

Spreadex were still selling today…

Idandy - wn was sure of failure before they drilled the sidetrack.

So wn had inside information on a drill that hadn’t been drilled 🤯🤪

So… logically had the worst possible thing happened, drilled it and found no oil then that would have to be RNS’d immediately… no RNS means everything is on track and, as stated, the drill is complete by now.

I’m more suggesting that Spreadex (how we know are selling). Haven’t sold today. Are they done?

If it is then -no sizeable sells today

Only noteable sell 2,000,000

None of the 5mill or 10mills …. Yet

I like two see these boards as a small villages with all sorts of people.

And every village has its idiot.

Hi shareinvetment

I think that 100mill was a buy? I remember a bit of excitement - so I didn’t include that as a potential sell

The 20mill trades seem to occur at the exact same time so I was left scratching my head. I left them out of the 299mill figure but added them to the next comment of other large trades adding to another 147mill.

As you say nobody knows and also hence the wide range from 225mill to 80mill guess. Only thing we do know is they can’t have too many left now.

The numbers come from the londonstockexchange (.com) If you go to the trades window you can hover over and scroll with your mouse.

All the best

Apologies if it came across a bit harsh, but I really wasn’t sure how else to word it.

The management are really pretty bullish in their last RNS

‘Production is expected to recommence during the last week of May 2024’

How can I word this. I think you are suggesting that Spreadex have a relationship with the management that is tight. So why would they sell. You are implying that management think the drill is a dud.

If the management thought it was a dud they wouldn’t have drilled it. You don’t think - nah no oil there so lets go to the expense of digging a hole.

Sorry but the comment is pretty illogical.

As for have they sold all… no.

If you go to the London stock exchange website you can scroll through the trades

Since they declared (25th April) they had around 555milo shares left I see

4x4mill trades

19x5mill trades

17x10mill trades

6x3mill trades

Total = 299mill

There are a few other large trades that could add up to another 174mill

So worst case they have 255mill to sell. Best case around 80mill to sell….

I should no better than to talk to trolls. But here we go.

The SP tells us 2 things

1) we have a seller (spreadex)…. Once they are gone then the brakes are off as people say.

2) people trade and sold to make money elsewhere, looking to buy back now …

Oh and

3) there was a placing… placings are normally below the current SP and pull the SP back.

The conclusions our white knight makes that the SP is going nowhere are made of thin air… but I’m sure most people on this board know all of this already so I really shouldn’t have posted.

GLA

Is a spreader sell showing up as a buy now?

Hope so, that’d be 20min sold already today

‘ A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved.’

So no RNS for spud, completion, etc…. I agree, an update somewhere would be nice.

Be special spoked?

*be spooked

Hi pompey, the rsi divergence looks great to me.

I’m guessing no point putting out the money for a better pump till they know it’s worthwhile?

If that is correct then that is a very fair comment.

If people reading this board see a low bopd and not understanding it cannot be higher without the pump upgrade they could misinterpret the flow results as poor - be special spoked and spark a sell off…

Thanks for posting. Appreciated.