Member Info for Jace86

Anyone registered to this? There's an article reckoning there's bad news on Badger but it might only be that data is being re-analysed. Badger is a longer term play anyway when you look at the last company presentation.

I just think it's despicable to try and get people to buy something you are selling. Can't imagine anyone wanting their options or Simon himself would be happy with the SP but as I'll say again, despite nothing happening UKOG do well with their propaganda and that needs to happen here to get the SP off its backside. I'm still holding though and bought more on recent dips.

Someone on twitter reckons they've bought in... clearly not by how it's dropped! Just be honest rather than trying to deliberately generate volume so you can sell!

There should now be the anticipation of at least one of the three projects though, the name I think and the history of old holders is what's harming sentiment as well as not having it set "this is what's happening and when" ... I think that's all it needs.

The market needs a string of good news here to wake things up and stop what is now a rot. People in this market have no patience and only seem to go off speculation. Not how we are told the company wants to do things but if you look at others like ukog, it's how the price goes up... Then with a lift, landing some of the black stuff in Indo, or the drilling for colter and confirmation with what's actually going on with Badger will see real reflective movement.

Dropped more off nothing again...

Shipping log shows that ensco 72 is supposed to be shifting on the 7th. I can't see what it's destination is so going off the last RNS I still assume Wick. None the less, still a buy down here.

I just don't understand why you'd sell down here. Just one of these projects you could quite easily sell half when it bags and then leave the lot in for a free carry forwards. I think the issue is that many just can't see beyond tomorrow. No patience.

That seems to contradict what we've been told with the work having been completed, a possible well location identified and terms of the license being fulfilled in the august operations update.

It was only in September that Colter was announced. We've not heard much on Indo since the agreement came about and we are waiting on a license extension on Badger. Badger might provide some short term capital but any already producing fields in Indonesia may help with short term funding as well (I think one is 80bopd).

Crunching some numbers from the last 6 months or so I reckon theres about 750-800K cash if the monthly operating costs spoken in the presentation are accurate. All other deals aside from Colter appear to be done via the issue of shares too and the license extension for badger will be done in the following basis:

Deferred consideration of fully paid Andalas shares to the value of £100,000 payable on the earlier of (i) extension of the Licence beyond 31 December 2018 and (ii) acquisition by Eagle of additional assets agreed by Andalas.The issue price of the shares shall be 90% of the volume weighted average price over the 3 days prior to satisfaction of the condition.

There may be a placing unless we get short term funds in from farming out or the acquisition of a producing asset. Have you sold FB or are you still in?

Now appears to be showing on vessel finder. Hopefully that means it's ready to get the nod once the final bits of approvals are good and ready.

Means costs should be cheap if it's that shallow. The cheaper the better as it'll act as a driver to open up the development plan and claw back exploration costs so long as we get those terms.

I'd like to see a separate rns for each one though and not a big one covering all. Maybe even deliberately spread them over a few days if news does come all at once. Otherwise the market won't digest it. Bunga looks like the one for near term cash flow and according to the graphic, is the one close to production.

Thank you. Interesting to see that interims are due soon. Hopefully news on all fronts too. The person from the twitter group in the q and a wasn't too convincing in his question... a recent RNS shows the interest in shares with options running from 2p onwards...

News on three fronts due soon. There was a hint a while back about a potential additional asset and maybe someone joining Andalas but yet to hear anything more on this. The company it seems are sticking to only putting out news when they have it confirmed. Huge re-rate though as this is very very cheap!

Be yours that's given it the tick up. Such a tight hold it doesn't move off much.

Any stock is risky but here colter is fully funded and there's over a mil cash. Three projects (4 if you include old IPP and MOU). I've bought more last week and just yesterday. Not massive amounts but still feel that there is a good likelihood of growth here. Seen plenty of stocks as small as this provide huge returns in very short timescales.

Has today had an MOU for energy supply from coal and gone bonkers today. Here we have an MOU that's been in place for over a year to supply gas in Indonesia for their energy as well as colter, Badger and bunga mas likely on the way and we are at all time lows...

If Atlantic are knocked off the Badger license or have a massive reduction with the rest going to Eagle then surely we'd get 25 percent of the farm in funds to provide more short term liquidity. Colter should come good. Good COS but it's just how long will it now take for us to get the nod to get it done? Wick hasn't started yet and if we are to be after that, how much time will remain? If there's to be any talk of a placing it needs to be after any good news that gives a huge boost to the SP.

Maybe they could be pressed on cash balance? Does anyone know this at present and have an idea of how long it would last? The license has a good while left on it so there's no concerns on that for me.