Member Info for Ihadanideaonce

I expected a better reaction across Colter partners than this!

From Nov 15th RNS:

Production Update

In 2018, the Company also successfully completed four well interventions (CSo-96, CSo-104, CSo-21, and CSo-80) in the Cañadon Salto Field, onshore Argentina (Fracción D licence). On 22 October 2018 the Company announced that these wells had achieved stable production levels. Production from these wells has contributed to a total Company average net production in the year to 12 November, of 876 barrels of oil equivalent per day.

Following the success of these workovers and the associated production uplift, the Company is delighted to confirm that, it has identified a number of additional candidates for well interventions and that it currently expects these operations to commence in Q1 2019.

Maybe there is a catalyst gently approaching :)

Also...It would be helpful to see profit margins on current production.

...am I right in seeing this as an undervalued/oversold company.. just short on catalysts?

Or... if RBD are paying Corallians overall costs.. and they have 49%, ADL pay.....less. Sorry, not had enough coffee for the maths.

"Reabold's 16.12 per cent. effective interest in Colter is via its 32.9 per cent. interest in Corallian Energy Limited ("Corallian"), which in turn holds a 49 per cent. interest in, and is the operator of, Licence P1918."

The way i'm reading it, the other partners have to cough up too. ADLs share is small.... should be able to fund from cash (I think?)...but won't have too much left afterwards.

Well...their average is about 64p at the moment....

I'm really happy about the drilling entension now! Time to do a side-track. Bonus!

Nit...so you keep saying. With nothing to back it up and a really questionable investing/trading approach.

With vessel tracking now available free online (which gives a clue if dumping,) the handling of Wick cuttings (same rig and support vessel) and with the drill being controversial due to wildlife concerns, there is no way anything is being dumped at sea.

Carrick has been making multiple trips to Poole. I FULLY expect cuttings are being taken there, regardless of content.

I think we *are* seeing the trades. I don't think IIs owned 21% on Monday 08:00.

JD agreed to buy at 50p, 70p and 75p. After that, it's up to MMs to honour the purchase....by whatever means necessary. For example... shaking out PIs. Frustrating us between 45 and 55p.

EVERY SINGLE PERSON who bought between September and Monday suddenly saw a massive jump in SP. That's a lot of potential, despite low volumes over most of that period

:) As always open to being wrong.

Ah! Got ya. I think a chunk will have come from free-float. One of the reasons for the re-rate, IMO. It brought out plenty of sellers and MMs make a killing with the spread in relation to the JD purchase price. The longer they can keep the SP down, the more they make.

There is a decent chance of a TR-1 or two... but by the time things settle, there won't be neat TR-1s that balance II sells and JD's & Pentland's purchases.

....IMO :) I might be a bit off-bullseye, but i'm pretty sure that i'm on-target.

@dan1nat1

"We only have TR1’s covering a maximum of 11.43%"

This is wrong. Typo? :)

If you're keeping an eye on me, check my posting history. You just might change your stance towards me. :)

If you're so "disgusted" by a comment that might not have been aimed at you, filter me.

Nice to see rational, sensible, civilised discussion this evening *rolls eyes*

If it's a miss, MCAP won't be £2M.....

Yesterday evening you said you'd be buying more this morning.

...and if you think it's going down 10-20%, why are you going to hold?

You're an idiot.

I saw the nonsense last night with the RNS interpretation. I did sigh a bit.

So why comment at all?

Where'd that come from?

Because they're a Fund Manager and the cut-off for their notifications is 5%, there might not be. Their TR-1 just states "below 5%." If there was more clarity expected, they'd have quantified their remaining holding.

There *might* be an RNS to say that they're fully out, but i'm not holding my breath for that one :)