Member Info for Joetricky

There is a buyer out there. I can sell 6 mil in one lump at 053. I think I'll hang on and see what happens !!

Thanks for sharing that info yellow. Like you say it should be good news if the operator is taking more of the share. Let's face it they're normally trying to farm out as much as possible.

gkb, I'm a cynical bugger and curse the fact that I got this one wrong time and time again. Only myself to blame as I researched this to to the last letter and full stop. Continuously.
Star, I feel your pain buddy.

Anyway, I asked the question 'have the lights gone out yet?' and it would appear not. Strangely enough there have been 7, yes, seven trades today. On wards and upwards perhaps and on a different note it's good to have a debate without anyone getting yappy like they do on some other boards.

gkb, it was good to see that the directors actually put some of there own cash in here but it is slightly diluted as they will get it back through self awarded payments come the end of the year. In your post you have quoted the RNS release at the time of the Colter results. The point that I make is the wording of that RNS is no longer found in the main pages of any of the companies web sites. You only see it when reading that original RNS. Strange ? Also Malcolm Butler has his fingers in many pies. My comment regarding him using BOIL to hold up or fund other projects remains valid. IMHO.
We've certainly waited long enough for the master plan at Colter to be revealed and when it is lets hope that the plan brings an increase in sp.

I'm not convinced about Colter. Remember when the news of the side track result was announced there was terminology similar to 'the partners will now evaluate the best way to progress this commercially viable find'. Something like that but you get my drift. If you now look at Reabold, Corallion and Baron you won't find that terminology now. It has been replaced with 'The data from these well results and existing data will be incorporated to determine the best forward plan.'
Believe me I would love for this to come good, I have invested a six figure sum into this and it pains me to say that I've written it off. Been here for 12 years now seen the herd come and go (several times), seen the cycle of ramp and deramp, seen PI's being chased by very expensive barristers and sued by former directors, seen a board revolt, seen suspension, seen a change of company name, seen CEO's come and go and I often think .......... WTF am I doing ???

Having said that I think there was a buyer in the back ground today. I could sell up to 6mil on the button where as over the past month I couldn't sell half a mil on the button.

That's the point GKB. They have all of these projects but none of them are being progressed. The only way to short term survival as I see it is to get Colter quantified and sell it or for a farm in partner to XX1 who will cover the cost of drilling and we hit a substantial find. Everything else will need money thrown at it and we don't have any. Hate to say it but on reflection the board have used this company to support their interests in other companies that they hold positions in.

Does anyone still believe that this will rise like a phoenix from the ashes ?? Must be well into it's death rattle now.

This was always gonna happen. A placing to fund the developments at Colter is the only way forward but to what extent? I guess you could be happy that the directors are finally in but it's a safe bet for them. They will get this back in their over generous pay packets. So how close are we to news of developments? According to AIM rules directors can't deal if they have knowledge of price sensitive information or are in a closed period !!!

This site has two names for it. Don't know why but it does. Same company.

The last RNS said that the remapping of the Colter field and an update on estimated resources would be expected at the end of April. Let's hope it's good news but even so, good news seems to send this company's sp down !!

The real spread here at the moment is .31 v .34. It's as competitive as it has been in a while.

The rig has been static off Whitby for approx 24hrs. The Esvagt safety vessel has steamed past it but is now heading back to where the rig is static. Any ideas other than there is a brilliant chippy in Whitby ?

Looks like the Union Lynx is on it's way to Ensco 72 to start the move from Wick to Colter.

I also was fortunate enough to be in on the Encore rise in value. When BOIL bought into these Wick and Colter drills I too considered that it could have a similar result to EO. Let's hope so.

They've been deleted. Somebody with fat fingers on the button ha ha !!!!

The Maersk Lifter is also contracted and that is currently tied up alongside in Hartlepool.

https://www.marinetraffic.com/en/ais/details/ships/shipid:159642/mmsi:220579000/vessel:MAERSK%20LIFTER

So the rig has moved out into the north sea awaiting the tow vessel. According to Clarkson's the Pacific Dispatch is on it's way.

hxxps://offshore.clarksons.com

hxxps://www.marinetraffic.com/en/ais/details/ships/shipid:728708/mmsi:564652000/vessel:PACIFIC%20DISPATCH

Still got the geophysical consent to be signed off yet but with money being spent on the rig move that would seem to be a formality.

Now it's time to buy.

The consent to locate the rig has been approved. Hopefully the other two will be approved very shortly.

No large'ish sells over the last couple of days. Has our seller finished selling? Or have I just jinxed it ??