Watched a film last night “shot caller”, I would highly recommend. In one scene they were doing burpees, tried them this morning, gasping for air after 10. I used to run regularly, doing this for 5mins is harder than running for 30.
UJO have highlighted Biscathorpe within their placing RNS, seems they want to push on with side-track, all good for holders here, costs circa 500k, with UJO paying 45% of that. I don’t think a placing is required here if Egdon is picking up $300k a month from wressle
Persi, They were tight on cash, this 3m gives them space on several fronts. Maybe give it a month or so before talking about another placing. Looking at RBD where price is rising before they place, I’m assuming they have one in mind, their brokers seem to be making a better fist of it.
Sold off some other shares and topped up here, brings my average down a little, but still well underwater, circa 22.5 was a good price. Hopefully we see some gains here in the coming weeks and months, Bisc sidetrack and some good news on WN would be most welcome.
This is from 2020 annual report, there is no reference to an additional 1.04m payment to Humber.
In June 2020, the Company acquired a further 12.5% interest from Humber Oil & Gas Limited (“Humber”) in PEDLs 180 and 182 containing the Wressle development project for an initial cash consideration of £500,000 with a deferred cash consideration element of £1,040,000 payable to Calmar LP, appointees of Celtique Energie Petroleum Limited (the original vendors in the acquisition by Humber) on commercial oil production being established. Following this transaction the Company now holds a 40% interest in PEDLs 180
Oblige me with a cut and paste of this 1.04m payment to Humber.
selfish, we have already seen 10m wiped of the map for a few million placing, the wressle news was exceptional and its been ignored, when the money comes in the positivity will return, these chancers already have a 30% discount when they sold out to buy back in at circa 23p.
I’ve been invested on the aim market for a good few years, I’ve seen a few things in my time, I still remember the oil that turned to water in the Falklands and The huge price drop that stole millions from Investors who had set low stop losses. Think sp dropped to 30p within seconds and spiked back up to 80p, maybe someone remembers that better or was stung from thousands, luckily I hadn’t set one up. This to my mind is just as bad, price manipulated for the few to screw the many.