Member Info for jono44

36800,

According to the link provided by FullMetalStapler the Gyre is going to do some survey work for Heritage Petroleum for 10 days and it looks like it is heading in that direction now.

This ties in with camglen1960 stating that for some reason the Gyre was in port for 2 weeks and this would cause a delay.

So maybe the Gyre won't be heading to Jamaica for a couple of weeks yet.

So in your virtual reality the contact/charter/ formal start date for the survey starts tomorrow.

Glad your cleared that up!!

Hi OLANDER,

hope you don't mind me asking but where did you get the info referring to the 20th dec date from?

Hi camglen1960 any thoughts on where she's heading.

I agree with legache, would be different if the sp had risen since he was appointed but as we all know that's not the case, so why has he been rewarded.

In his contract no doubt so that should get rewritten.

Another thing that's bugging me is the fact that general direction 2043 is still showing as open on Nopsema website, this should have beeen complied with by 7th dec shouldn't the chairman be making sure this gets done!

They did say in the rns's that it would be mid/late december that the survey would start.

Also the fact that they are transiting via Jamaica from Trinidad to their next contract so maybe they are having a long break before setting off as they could be away from their home port for quite a while.

Is it worth trading, will sp rise once the RV Gyre sets sail, maybe but timing would be critical.

Remenber that whoever Axis is working for has a lot of 3p, 3.5p and 7p shares that they might be selling.

Looks like about 300m shares sold but could have been a sell order that has finished.

Certainly wasn't any of the directors and certainly not Iman Hill who only has a paltry 2.5 m shares, which says a lot as I bet a few on here have more!!

Anyway maybe the rampers might appear shortly as the RV Gyre seems to have finished it's current contract as it has returned to port in Trinidad and might be on it's way to Jamaica next but that's just speculation on my part.

Maybe Trek's strategy might be about to come to fruition.

Trek,

Thanks for your honest reply.

Be interesting to see how this plays out in coming weeks, can't fault your strategy so good luck.

TrekMadone, hope you don't mind me asking but are you buying here as a trader or investor.

Got a feeling that there will be a ramp crew arriving shortly and looking at recent trades looks like they are positioning themselves.

Most likely start once Gyre has finished it's work for Perenco and heads for Jamaica.

No I don't begrudge anyone doing well what I do begrudge is the fact that BL is able to buy shares at a massive discount if the sp reaches a certain price but ordinary shareholders don't have that opportunity. they can buy now and take the risk of losing or gaining but BL won't take that risk.

BL has presided over a fall in the sp from highs of 0.06p to todays price of 0.0012p, he should have supported long suffering shareholders and aligned with them by taken part in the placing not by getting these disgraceful share options with NO risk attached.

So City in what part of my post did I say I would be unhappy with a .54p sp, I think you have jumped to an assumption before understanding my post.

Some people can read but don't seem to be able to understand what is written, is that right Dave.

Maybe read my post again and it might make sense!

City I never said I was unhappy at the .54p share price so you got that wrong! try reading my post again.

TTL don't mind posting on TG.

These share options are an utter disgrace.

It's basically like betting on the winner of the grand national after it's past the winning post, no risk whatsoever.

Not aligning with ordinary shareholders but making a fool of them.

Why didn't they take part in the placing, then that would be aligning with ordinary shareholders.

Even worse is Iman Hill doesn't even think it's worth adding to her measly holding, maybe she doesn't believe the sp will go up to £0.0054p.

These share options are an utter disgrace.

It's basically like betting on the winner of the grand national after it's past the winning post, no risk whatsoever.

Not aligning with ordinary shareholders but making a fool of them.

Why didn't they take part in the placing, then that would be aligning with ordinary shareholders.

Even worse is Iman Hill doesn't even think it's worth adding to her measly holding, maybe she doesn't believe the sp will go up to £0.0054p.

Arrived at port on 20th not 21st.

SeasiderDan93,

you could keep an eye on the vessel, Gyre, here:

https://www.marinetraffic.com/en/ais/home/centerx:-61.623/centery:10.673/zoom:13

Arrived at Port on 21st, don't know where it goes next or when but interesting to keep an eye on it when it does leaves port.

Basically telling all shareholders that they better vote for all the resolutions or they will go into administration.

So vote for the placing to carry out the piston core drilling that no 'Majors' are willing to get involved in or else.

The resolutions imo will get passed and so the lifestyle will continue for a bit longer and current shareholders will be diluted once again.

Expect a share consolidation next as that way they could probably do another placing, 20:1 sounds about right.

Also when Jamaica goes bad then no doubt Waddock Cross will be the best thing since sliced bread and was really their main high impact exploration target all along, who remembers abu sennan!

Don't expect drilling to happen to quickly, they won't want a poor result until quite a few more pay packets have been delivered before that happens, which is what it's all about at the end of the day.

Gl to genuine posters.