Member Info for Jace86

Obviously there's alot of sloshing going on with the price of oil recently that might have persuaded people to part way with their shares but instead of looking at the instability of the oil price that has gone far too low, look at Indonesia wanting to pump their own oil to support their currency, supply as much gas as they can to keep the lights on and in the north sea, look at how much gas is there and we may end up with a bigger share of or at least cash from a farm in whilst keeping our stake the same as it is now. Colter will be a drill and likely sale. Either way with the miniscule amount it's costing it'll still also raise significant funds for this firm which is now sitting at a measly 2.6m mcap.

They've only just put the for sale sign up in October. Whilst it's not great seeing how far down these have come in recent weeks (longer for past holders) I do think that at some point we'll be pleasantly surprised. The way they've opened up to invite firms/groups in to see the analysis is a fair and open market way of conducting a sale and should see a better return. Personally I'd prefer it if it's a sale of bzt and we get paid out via an MVL or something along those lines. If we've had any firm offers or interest in the interest of not disclosing bids to competitors I don't think we'll know about it until it's the valuation that the BOD would want.

Clearly running discounted stock in the spirit of it all... Average down while you can if anyone is in higher here.

Exactly the opportunity I took yesterday. As we know though, there's not one piece of news. Colter we know. Badger, we could end up with more of the license than what we currently have as I'm expecting Atlantics percentage to drop alot or disappear. Then get money in off a farm in. Double win! Bunga - 52mbo plus gas and if it's done via an extension we get 100 percent of it on the cheap plus cost recovery rights from previous field development and exploration up to 111mil. Not to mention the gas that they desperately need to keep the lights on. IPP - big names in this long term project that we are still waiting on.

With the prospect of three projects much bigger than this mcap suggests paying off anyone would be mad to pass on this, especially if they are already vested in the other companies that are a part of the colter drill. Makes for a good addition to any diversified portfolio.

Buys going through... it's possible that those recorded as sells before 9am could be buys too by looking at how the price reacted to it. News may come all at once here I'm now thinking...

We can now see the reason for the drop. Someone got out and possibly triggers for stops off the back of that too. Good summary boom. Patience will be rewarded here.

Double placing as well so one was for cash in the bank (about a million) and then colter was fully funded after that too. All in the next few months expect news on all three.

Ive just bought more now anyway... wasn't expecting this dip so I'll hoover some and jiggle things about!

Taking it went well by the price drop then...? Lol

On how many went to the presentation last night? And if there's a video etc? I really want to throw more in here but have some hefty bills coming - not selling what I have anyway.

It is for old holders but for new it only needs one of the three projects to multibag many times over.

Alot of old holders in here that have huge losses to nurse. With the 3 projects that we are on now though that should start to turn. At this point I'd consider averaging down.

I think it was 7pm... I can't see the last RNS as it shows that the page is unavailable. Not a single trade all day! It won't be down here at this price forever!

Is slightly confusing. Plenty of buys disguised as sells today though.

Might well be buys if it's the same pattern as yesterday

Patience always needed with oilies due to all the hoops to jump through and barriers to overcome with permits and licensing and extensions. Not to mention then weather when it comes to logistics of kit and people. Still a strong buy even if only one of the three projects gets delivered from the slightly over 3 mil mcap we have.

Will agree there's definitely something dodgy with people only being able to buy 1000's worth and then trades of a million pop up then pop back out. There was an update to say that some UK o and g approval/licensing is needed before colter can get the nod (we don't half make it hard for ourselves in this country!) And that it's still likely to be drilled after wick. There was a nod for Bunga mas in the last RNS as well. Hopefully before year end that gets done and did I read right about Badger for Q2 2019?

Cheers for the post. Makes a good read. Just hope the price of oil doesn't continue its dip on the reckoning there's too much of it about... it's not like we've stopped using it and there's no demand as plenty still exists. Good times to be had here for not only colter though but for the other projects as well. Plus who knows, anything else could still happen on the Holywell/Eagle front.

The hefty buys coming in this morning. Buying is reflecting the 3 projects but the price still isn't.