Member Info for Jace86

Wonder if they are simply good mates with those at eagle? "Here you go lads, here's a few quid"

Shame I didnt listen! I had plenty of chances to trade this up and down and didnt, just held it! Should have traded, de-risked and left myself with a carry - lesson learned!

His kids birthday. He's binned off aim for now. Think he has had enough recently...

IMO, this should be at 0.9 which is why I've jumped in.

3 times the mcap - would you be at break even?

Miner - Badger has gone this morning and Bunga went last month. The only thing they have now is the change in the bank after the liabilities to colter got paid. Alot of money wasted on consultations as pointed out by Doubleup it seems to be a common theme here.

Damage limitation I got out at a sensible (ish) price this morning... If the 15 million can be turned around then this will go for it but I have no confidence now I've had some coffee and time to think about the RNS... I cant believe the Badger site was dropped and now likely think that was known about in Feb but in order to get a placing through it wasnt told until the outcome of Colter for pretty obvious reasons. The price would be much less now come to think of it had we been told a few weeks ago!

from ADL. Looks like its the right time to buy in off a double dip. Got out at 0.2 over there so with this share cashed up and ready to go with a whole load of projects for 2019 its all about damage limitation for me now after taking a big hit!

#UOG Completion of Colter Appraisal Campaign 🔹Colter North smaller than expected 🔹Colter South delivered new discovery of est 15mbbls recoverable exceeding predrill requirements for commerciality 🔹Will now evaluate best way of commercialising licence Just puts it into perspective really... uog sound really positive on this... 15million barrels and pre-drill evaluation indicated only 18 a barrel was the break even price. Oil currently about 60-65...

Uog rns sounds a bit more productive... boil and adl one doesn't...

Is the "miss" on the intended target and 15 million on the south. So there was a strike but how long will it take to do anything with that? Will they even?

Over a mil in the account. Now we know why, as I suspected and I reckon yesterday's small spike was to be sure to flush it through!

Sounds to me like Fraser are incompetent....

Ffs! Can't imagine what the mcap of this is going to look like on the opening...

It seems us and RBD got punished for nothing today... usually does that when mm's try and load up before something goes big. Exactly the same happened at rmp - mm's made an absolute killing!

Could be an IPO... New firm raises to take money to pay partners and off we go... it's not necessarily the money that's important but how and where it's coming from that'll do it here.

Remember, theres a good chance an rns tomorrow (if good) won't yet detail how the site is to be sold on... that could come a week later... money could come in quick here... That's all of course Fraser haven't missed! The oil is there, no question! Commerciality depends on how much is there for the next firm and quality of it and ultimately, price.

Coming tomorrow I think...

As miker has pointed out below, there could be a double rise. The broker note should be taken with a pinch of salt. I'd expect this range to be the first rise if a "hit" rns doesn't give an indication as to how the asset is to be monetised. There could be a double rise to be had that would see the cash value be over 30mil and the SP be 5.5-7.2p... 3,000,000 potential barrels to adl x 15-19 dollars per barrel - 45-57 use - divide that by 1.3 and in gbp you get 34-44mil gbp. Onshore infrastructure already set up. Just need to drill into these locations making oil in the ground cheap to extract than what it would be normally. I think we can conclude this oil isn't worth 5 dollars a barrel given the proximity. Currently 555mil shares - rising to 604mil shares.

No source quoted so just rumours... https://mobile.twitter.com/Mausaeus/status/1103375250945908737