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Everyone's fault but your own then herbie I take it?

Maybe you should make investment decisions on your own research and decide for yourself? Instead of following the crowd at lunchtime.

I seriously don't get you bitter and twisted people who slate the bod and the company, yet you're still invested here? If you think you will be mugged off again, why wait around for it to happen? If you no longer believe in the bod or the company, sell up move on and close the door on your way out. Thanks much.

GLA holders

Trust herbie? The anonymous bitter keyboard warrior or Trust Lorna? A renowned geologist.

Hmmmm that is quite the quandary

@Drmike

So a standard oil and gas separator set up would suffice?

I also believe it would be a buisness decision not to release flow rate data without the complete picture on both zones.

@Dmike

Great Post.

Where have you been all day?

@CrustyPete

Yes I should know better. But roger says he's a lth with high ave, and yet he does not read the rns? I myself was bemused by it this morning, I thought why now for Pete's sake(Pardon the pun) then read rns's entirely and watched the video and understood why they did it.

Your point about needing an income to secure debt also made the penny drop, So thanks for that.

As I have already said have a decent holding. Whilst I won't be adding to it also won't be selling.

GLA holders

@Roger65

· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

This is what the raise is for.

Amazes me that so called investors don't read the rns in full. Either that or do not have the intelligence to understand it.

Best post of the day CP

US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

Another one that can't read.

@newboF

Maybe having an income, gives us the ability to aquire a better debt package? Therefore worth every penny?

GJ did say he1 would have to contribute something to the debt, maybe this is two birds with one stone?

@manifesto I suggest you go back and read it again this time make it to the end I.e the very end.

@manifesto

Did you not read the rns?

Clearly states what the funds will pay for!

As suggested by someone earlier I believe it has been done to aquire an income to open up a pathway to debt.

Seems to be they had to pull the trigger quickly!

Just really bad timing.

GLA holders

So I've taken an hour or so to read the rns's, and decided that this is just a hold for me now. Put away and forget about it and will be will be. Normally I'd add to compensate for the dilution. But between my s&s isa and the kids jisa we have just short of 10 million at 0.0046 Ave.

45k in which was a free ride from elsewhere.

Putting it to bed and letting it sleep.

GLA Holders

Totally mixed feelings on this one! Awful! Just awful timing if I'd had a week to digest EWT result I might have been positive on it,but the timing really does suck.

@investing goals

I was informed by another poster that additional wells would be a fraction of the cost of this one.

I too thought they'd be expensive.

So who knows?

Morning board think it's important to put some context to this concentration rumour. Best way I find is to turn it into numbers.

Concentration 4.7% = $71500 a day

Concentration 6.0% = $90000 a day

Add another $1000 a day for the hydrogen.

That small % jump as you called it toffers increases turnover by 25%. Not to be sniffed at in my opinion.

Figures based on a 3mmcfd plant, scalable over time with further field development. So x2 x3 x4

All depends on how much is down there for me as to whether it is commercially viable.

Just my opinion.

GLA holders.

Well I have to say if it is forward selling and they've raised pre EWT results, then I'll be out.

Especially if EWT results are good and they could have raised at a higher price. That truly would be a disregard for existing holders.

No but you have to look at it from their point of view jimmy. They know nothing of the company and have just jumped on the rise they've put 40k in which is now worth 48k on a Friday or may be worth 15k on Tues. Risk is way to high.