Member Info for itsawrap

"UK focused conventional onshore"....not entirely

...bought a North Sea Royalty (performing very well)
...owns shares in Elephant Oil which has Pedl's in Benin & Namibia

In the last six months, a large amount of geological and engineering work has been undertaken. Following the testing of the WNB-1z and WNA-2 wells in Q3/Q4 2021, the information gathered has undergone detailed analysis, including additional lab work. The outcome of this work indicates that the Kirkham Abbey reservoir shows good porosity with both matrix and natural fracture permeability, but the reservoir is very sensitive to water. This means that drilling with water based muds, as has been done to date, has caused near wellbore damage/plugging. This has been compounded, rather than remedied, by the use of water based acids during the completion programme. The conclusion is that drilling with oil based muds (OBM) through the reservoir section should minimise any formation damage, allowing the oil and gas to flow into the wellbore more freely.

Further modelling indicates that the drilling of horizontal wells, which would increase the access of the wellbore to the Kirkham Abbey reservoir and the associated natural fracturing, should allow for increased flow of gas and oil.

Additional studies are currently underway to determine if the well completion programmes could also be optimised to improve reservoir flow rates and gas and oil recoveries.

the Chuckle Brothers love WN so much let's sell them our 16%, £20m would be nice, surely a bargain for them based on the latest unicorns & rainbows statement - sorry I meant RNS

not really dumb as the dhsc dispute is a massive contingent liability hanging over our heads, unfortunately the market doesnt seem to share the company's view that nova "has a strong case"

apart from the awful communication, what puzzles me about this company is why they haven't bought back shares when the sp is on its knees, all that cash swishing around, promises of acquisitions that don't materialise, why not scoop up a few million shares at sub 140p??? I am quite sure that if nova spent 5% of their cash pile on a buyback, shareholders would be delighted

it's a shame nova isn't claiming punitive damages too

now down 20% since my first post 3 weeks ago today suggesting ATG was over priced, may have a little further to drop imo

how long is this likely to take, weeks, months or a year or two? (who's Amber and who's Jonny?)

I'm very pleased to see a counterclaim but nova should have sued the DHSC a year ago, even if we had lost I dont think the sp destruction would have been as bad as it has been by letting the dispute drag on and on and on...

chitty I have been buying today, that's how I know that some of the trades are buys and not sells

perhaps Heid's an institution now?

nice try persi but several of the sells are actually buys

hopefully nova will develop all sorts of tests in the near future, not just lyme disease but also drug tests for example. currently the UK police only use tests made by 2 German companies which are relatively slow. there must be a big market for cheap effective drug tests for the police, military, pilots, the City (all those bankers), public transport etc. I believe all the personnel on nuclear subs have obligatory testing before setting sail, oh yes, dont forget all the dozy politicians, perhaps they should be drug tested before being allowed to open their mouths :)

should hit $7m by next Monday, perhaps even Thursday or Friday this week???

tac dont forget the 13m EDR shares valued at 1.45p in the Finals, current mid 4p, UJO is sitting on a 2022 paper profit of over £300k

not sure why you think Bio sold out, the annual report is at 31.12.21
Paris, France and Camberley, UK - 11 March 2022 - Novacyt S.A. (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces that it was notified by Biosynex SA ("Biosynex") on 10 March 2022 that, as at 7 march 2022, Biosynex's holding in the Company on a voting and capital basis is 5.54% (3,915,350 shares).

"...nobody is going to lose money investing here..."
I hope you are right but I would say statements like this are on par with Heid's infamous line "its only a loss if you sell"

I seem to recall that someone said that Bio, having reached over 5%, do not need to disclose further purchases until they reach 10% (under French law), is that true? thx.

if ncyt truly believed they had a strong case they should have gone the legal route last summer, instead we had endless procrastination which has led to the DHSC taking ncyt to court, one way or another we will have a resolution but the timeframe is anyone's guess...as is the enormous financial and reputational cost

all 5 of my buys showing as sells todays, I thought this was the 21st century?