Member Info for jamesjohn

Unlikely to receive any offers until permit is issued. Even then, who will be the first to show their cards.

Wilson...If someone pays us £100 mil and spends £50 mil on dev. they will make £100 mil profit. Those figures quoted by Colin and his team include capex. If someone pays us £50 mil we will make no profit, as it has cost us £50 mil to develop.

New... Try to be more diplomatic if possible, thanks. With regards to my prediction, we will find out over time.

Lovejoy... With respect I think this will easily go above 2p and 3p. 4p is possible but more likely over a longer period. Has been valued between �140 mil and �200 mil after capex by those with access to data.

From what I can remember, the separator is going deeper into the well. If that doesn't work the second solution is to try and remove the stuck tool and locate the water source, if found, cement and plug to prevent water penetration. The third option is to remove the tubing and replace. From memory!

As I said it's your decision, but it's not for me!

'Action Groups' may have good intentions, but there is a danger you may discourage a potential JV partnership, I would tread carefully, as they could snowball out of control. If there was to be an action group it should have happened one or two years ago when: 1) We were laden with debt. 2) We had no route to market and not profitable. 3) We were fighting in the courts against the appeal. We are so close now to taking it to the next level. At the end of the day it is your decision, but it's not for me.