Member Info for Ihadanideaonce

New interview out with JW

https://twit ter.com/brr_mediauk/status/1084729815800954880

Still hoping to spud Caleo-1 in the next 2 weeks. Everything else still being planned/negotiated/wondering which present to unwrap first.

Vaguely interesting that yesterdays closing UT was falsely negative and today's is falsely positive.

Roll on Monday, but no rush.

The only news that's going to double this overnight is a lowball TO offer.

Next expected RNS is Quarterly results.

It's interesting (to me, anyway) that "that website" hasn't been mentioned over the last few weeks while the SP was going up.

(as far as i'm aware, anyway)

If it wasn't a positive indication, would the boat stay alongside the rig for all eternity?

While I don't like the delays, it's not MSMN's fault.

"The rig is already in the area, and will move to drill Stanley-2 as soon as the current well being drilled for another operator is finished."

They aren't the operator of Stanley-2, either.

Derp. Don't know how I missed this:

RNS 6th August, 12.95% left.

Here's to success for both BOIL and UPL :)

I think the current SP jitters are just typical PI reactions to an ongoing drill.

There are already some stocks showing healthy blue on good news, as it should be.

There isn't a massive seller. Look at the daily volume chart. Even if they are 100% sells, it's nothing.

There is the *potential* for a massive seller. No holdings RNS since May- at that point they had 14.99% (206,333,117)

I *would* like up-to-date info on their holding. If they've been shunting 1M a day, they have nothing to stop a healthy rise if Wick is a success. If they are a distressed seller, they wouldn't get to sit on their holding for 6 months. If they are smart, they won't dump large amounts instantly on good news because it won't maximise their £.

There might be an exodus on success- at a far higher SP. Might include me, might include you. (not my business)

I might have mis-read your previous post as I thought comparing MCAPs like that is exactly what you'd done.

An est 3.5M barrels to a £5.5M company will have a bigger % increase on success than 9.4M barrels will to £20.8M...BUT the low UPL free-float might well change the SP behaviour

I do think its very interesting than you're positive on UPL regarding the same drill. I am not anti-UPL. If Wick strikes, both SP will increase nicely.

I have emailed BOIL about Mrs Parvizi. It's out of their hands, but if anyone can get info, it should be them.

UPL: 40%, MCAP = ~£20.8M
BOIL: 15%, MCAP = ~£5.5M

UPL have low free float due to 39.85% being owned by BoD, but BOIL have the better MCAP: % ratio

Also: There have not been any RNS about Parvizi's selling since May 16th.

@ Colonel: I was wrong re: my opinion on the chunky buys not being Director buys.... and I don't mind admitting it !

Nice to see after being away from a screen all day :D

@willec: Ah! That's more possible :)

@Colonel: With the exception of Elodie Goodey's buy, all BoD purchases have been neat round numbers.

We will find out tomorrow morning for both theories! :)

Also.... this is the highest the SP has been for ~9 months. The chances of those trades being closed shorts are small enough that i'm confident that they aren't.

......why would ANYONE have been shorting this?

Delayed publication makes it harder to know if they are buys or sells.

you thought 1p pre-spud a couple of days ago.

Good news, a very appealing MCAP Vs % of the asset, a horrible spread and only 13 published trades today- of which 7 were Automatic.

Weird combination of info. I don't know the typical behaviour of this share... are any LTH willing to fill me in a bit? :)

£100M MCAP is ~7.26p if I use a neat 1376M shares in issue

£40M is ~2.9p

S***e hype, s***e maths.

BOIL have 15% of an estimated 23.5M barrels (approx 3.5M) WTI is currently back under $50. (hopefully not for long!)

I fully expect a rise into spud and I fully expect a good reaction to hitting oil, but your attempt to hype this for a trade is utter nonsense.

Your predictions require one HELL of a recovery in the oil price.

Copy-paste from GTE RNS:

Exciting Exploration Well Results in PUT-7 Block

Pomorroso-1: the well has been drilled and cased; log evaluation indicates that up to seven zones may be prospective;

after acid stimulation, the first of these zones is being tested with a jet pump; during a 64-hour time period during December 14 - 16, 2018, the well produced at a steady average rate of 682 bbl of oil per day ("bopd") of 35-degree API gravity oil and 28 bbl per day of completion fluid, with no formation water and a gas-oil ratio ("GOR") of 183 standard cubic feet per bbl ("scf/bbl");

with the planned installation of an electrical submersible pump ("ESP"), the Company expects the well to produce over 1,000 bopd of light oil with no formation water