Member Info for Jacksdad

Let's be honest...they are doing everything they can to maximise the value of the asset. Timescales to the key stakeholders are secondary to that aim. Pis have to just accept the best we can do is ride on the shirt tails when this kicks off. Shame I think they could have built a great company at the same time...holding all my shares as I know I'll make money, however this could have been a lot more fun and rewarding.

MJF licence allows 70% of oil produced to be sold at international prices...theres the first 15p of value...oh and then there's the 58km2 of oil that isnt at the moment factored in to today's price...Hope that helps.

Fizzy I totally agree with you...the two RNS were presented in a way that could only result in New investors being sat at a 30% loss. Just so a few fat cats can churn their shares...disgusting IMO

This could also gap up to 18p on news from A8 on further oil finds or MJF reserve update

Joe its always easy to appear knowledgeable with the benefit of hindsight. A8 could go on test now if funds were that short, which puts that theory to bed. A8 quite rightly is the focus here, as a successful result proves the techniques and data they have developed are working.

They'll have more if you let them

Big buy surprise surprise....not the time to sell IMO

MMs delaying buys...

This will finish blue today....artificially dropped with plenty of buyers about...MJF licence is a massive move forwards.

A5 flowed at 3500 bopd and then became blocked and flow rate reduced to 1000bopd. Decided to clear it to guarantee licence terms were appropriate

TR1 today IMO...very exciting prospects IMO

Overall a good RNS...the key thing for me is A8....the market wants proof that they can flow a deep. A8 is cemented clear and could be put on test now.

Share gathering exercise first thing fun and games

A8 could be flow tested now at 3500 bopd IMO...they are going for a real banger at 7000bopd...get a licence at those flow rates and Robert's your father's brother.

Looks to me the reason for the delays and the rethink on A5 sidetrack is that they are going to cement and drill on to the Devonian...

Fizzy I think the 70/30 split is political. Does it give CASP opportunities ahead of some of the oil majors going forward. I don't think getting the politics right here should be underestimated. There is a new regime in Khazak...promising Khazak people a bigger share of the countrys wealth.

Should get a reserve estimate for MJF soon.

I suppose gut feel is as good as anything when looking at the share movements. My feeling is that there is now a lot of upward pressure and that the last week has been about letting someone get in and out of the share. I cantsee why we are now not trading nearer to 20p as things seem to going to plan.

Mr C...'an extreme resistant point' what do you base that on? I can see a move up to 18p being fairly comfortable.

The licence is important to me as it will open the doors not only to massive growth in revenue, but also a different investor. The company has proved that the model they are working to has the approval of the Khazak government...which is huge for future growth and acquisition opportunities.