Member Info for Jace86

That rns from boom was after colter farm in.

750k was a 30 percent discount to the next fund raise as is my interpretation of rbd's rns. So my math is based off that. For the cash balance, add up all of the placing since April 2008. Take off what they've invested in and you'll be left with a sum - I'm not going to sit there and work it all out for you. There is a video that's a few months on too indicating that cash burn was approx 60-90k per month.

Listened to the pod cast with UOG and RBD CEO's on... May very well be that it was a deliberate exploration drill with the appraisal to follow... just imo that this was the intention all along to upscale the reserves...

"Is it really true Adl can't pay what might be due but Boil can?" - who's asking? Who's said what's due? How much have they said is due? Last RNS indicated a decent cash balance and if you've bothered to read the previous posts I've done the maths to indicate on speculation what the cost to us might be. But again another user has indicated that there may be no further costs to us, boil or uog. Rather than trying to spook others to pump a share you want a trade out of do some reading...

Lol boom!

If you read backwards through today's posts you might find some answers...

Thanks SandyShore :) - I think the market had the same feeling as me though by a lack of rise this morning. Rule of thirds - it's being pumped to the extremes and will no doubt fall down. Miker - snap! We've done that a few times recently. Just because these message boards are fast once a thread starts.

You could be right. Here's the quote: "This investment will cover Corallian's expected costs in relation to the side-track to appraise the principle Colter oil discovery." The section before that however talks about the advanced subscription at a 30 percent discount to the next Corallian fundraise. What hasn't been said for me then is equally as important by the others is that theres no further costs associated with the side track. If this is the case, they need to put that out there. Need to do it either way really so that shareholders know if the operation is costing more or not given the lack of clarity on the Corallian fund raise.

If the 750k is anything to go off that'd mean for us 750 x 1.3 gives 975,000 costs without the discount. Given RBD has twice the stake we do, divide that by two and we need to cough up 487k.

It has by RBD but not by any of the others. Is this just for RBD's share in the costs or does this cover the lot? I doubt it would cover it all as it sounds too cheap to me. I was adding up all those with a stake in this op too... Corallian - 49 pc (of which RBD hold a 16 pc interest via) UOG - 10 pc BOIL - 8 pc ADL - 8 pc Leaves 25 percent unaccounted for... who else is in this? Feel free to correct any numbers above if I've put any in incorrectly but I have pulled these from all RNSs.

If they do then for now I'd only like to see placings for the cost needed here and nothing else. (Possibly at a premium with some forecasting on potential) Badger news is due. I pull back my original comment about boil doing well too... 40 percent spread and being pumped ready to be dumped by serial traders I think...

But we go red...

Over 10p actually, didn't convert to gbp!

Barrels to adl then on the colter south prospect. Add that to the original 1,700,000 to give 2,900,000. Going off the 15 dollars a barrel, 43,500,000 that's worth then? Nearly 12p a share?

If they do it'd have to be for a premium with colter in play and bunga still not down and out but sidelined. Post colter (if successful) 5p+ per share should be the minimum based on the current number of shares in issue.

Id expect so and it'd be an increase in our stake as our quarter would then actually be worth a quarter of the entire prospect. We'd have to look at Holywells capacity to fund but I'm sure they won't want to let it go either. At that point maybe we increase our stake in Holywell or actually have our name on the prospect to benefit from funds raised for farm ins?

That looks like what FS Carrick has been doing for the last week. As noted by "the Cynic" though, they did do this at Wick.

Baffled me that one too... Danish market seems to be regulated heavier than AIM. Wouldn't want to see badger dropped but then again Atlantic are only one third of the license. Gives us better scope for a farm in I'd imagine.

Has been doing the rounds again today... we could get an update earlier than expected I reckon... badger may come next week as well if the company decide to put one out.

I've noticed ensco have won a lot of North Sea contracts recently... could one be for badger? https://mobile.offshoreenergytoday.com/new-drilling-contracts-pour-in-for-ensco-rigs/