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Mikeinmanc, I think my reply to your question is as good as you can expect.

ENI were charged with getting as much gas as possible in as short a space of time as possible. Their estate is riddled with fields they have half emptied and others they did not even touch. Luckily, we know where those are. Happy days! Ps, let them do the science. We can concentrate on the arithmetic. Quarterly revenue of >€500k X 4 quarters = €2m/year. Compared to £6.15m mcap. Mmmmmm.

2.9p was never the end point. That was linked to the fear of massive dilution, to mug PIs. Sadly, it worked in many cases. IIs rarely get mugged. That's how they get to be where they are. They may hold out for 10-15p for an outright takeover, or they may accept a deal that lets them, and us, keep some exposure to MONI. I cannot see anyone trusting Mr Cameron with managing the corporate tea trolley.

BPSF "Glassdoor on its own is largely just a place for former employees to vent frustration. A lot of it is just the view of one person. Does anyone really care one of the exec team having an affair or whether the fussball table has been taken away, of course not, especially HP, Siemens etc." Agreed. "However, if you bother to do some real research you'll learn, for Tungsten, there is some truth in what these people are saying so don't take all of it with a pinch of salt." Redundancies are continuing. Don't expect plaudits from sacked staff. "Mr Williams can go EBITDA anytime he likes........come on, it was funny to start with but the joke is wearing thin now? There is no evidence of this and their "progress" is worse than the loss making OB10 days." There is no evidence that he can choose the month in 2017 that TUNG goes ebitda positive. I merely repeat what I was told at the last agm. That was that TUNG only had to reduce rate of investment and marketing, to turn ebitda positive. What was repeated in the conference call is that it will happen during calendar year 2017. "The competition is mile ahead (many investing in former Tungsten staff) while. What has Tungsten done? How are all those additional services going? What about that IT investment from 2 years ago?" There are five or six competitors. I believe TUNG has the widest and best cross-border compliance of any of the companies, but the biggest competitor, by far, is paper. Cracking down on corruption in India alone could be a massive market in itself, with each state having different fiscal rules. The pie is big enough to share, but TUNG is the company getting stuck into India. As for hiring TUNG staff, where else would former TUNG staff go, but to competitors? That is only natural. As for what other progress has been made, all you have to do is listen to the conference call. You are selling, I'm buying. Not buying aggressively, because I'm doing that elsewhere, but sure to pick up some more. ATB

Bob, the choke is there to regulate the flow from different levels. They are doing that for two reasons. Long term, managing the different flows will extract the maximum gas. Simplistically, I think of it as a columb of liquid coming out of sponges and up a tube, by capillary action. Keep the whole system liquid, flowing and you can get most of the liquid out, but if areas get dry, areas on the other side of that may not be drained. Short term, they can determine if Bezzecca-1 and Bezzecca-2 are contiguous. If they are, there will be NO need for a second well. That's my understanding.

alcfe55 "Concerned that the Board then reiterated it's support of the offer. Why wouldn't you just leave the topic alone and await the outcome of the so called, discussions?" Two choices. Either say exactly what they said, or "Yes, it's a fair cop. We thought we could get away with it, but we were rumbled". Face-saving exercise.

Well, I bought another 100k. I didn't see the point in buying when the price was set at 2.9p. Clearly, this deal will not go ahead at 2.9p. Will Fiserv walk away from FINKit, with its tens of millions invested in development, from MVC, which is probably valued at 2-3pps on its own and from 15pps in carried forward tax losses?

There didn't seem much point in commenting before. Fiserv is a very reputable company, with free cash flow of about $1bn/year. It operates in an area which is trying to rid itself of a seedy, clandestine grasping reputation. No way should it be dealing in the gutter. Perhaps it needed to hear that from larger shareholders.

Moniman "Moni might need more time to get the first Fintek sales, but a fire sale was not necessary just now." If I was planning to sell out a company at a ridiculously low price to feather my own nest, which my morals would never allow, I would price FINKit at an unattractively high level, to discourage sales. Then, after I delivered the spoils to my new masters, I would reduce FINKit prices and become the hero of the day.

Ahem, sorry about that. Of course, what I meant to say was I will not accept anything less than 6.5p. Just in case Mr Cameron bothers to read this board.

"In light of feedback received from certain Monitise Shareholders, Fiserv requested that the Board of Monitise seek the permission of the Court to postpone the Court Meeting to allow for further discussions with these shareholders." Hmm, I wonder what that feedback was? My feedback included expletives. Sorry about that! 5p is fine with me.

Apple doesn't care about glassdoor, neither does Siemens, or HP. Rock on! David Williams can flick the switch and go EBITDA positive, any time he likes. Cash flow positive not far behind. ATB

Save the planet! :-)

Obone "I have outstanding questions as well." Questions are good. What are your questions. I would not bank on being able tI influence decisions, though.

Guys, unless you really want to go to Italy, and why would you not, there is very little point in visiting the site. Imagine an electricity sub-station, but with a few large pipes running around it. I just happen to have a week in Bologna at the start of August and will probably try to visit Sant'Alberto, but If that hadn't already been arranged, I wouldn't make a special trip. ATB ps We can have Amarone in London!

Bob, that is my firm and fond belief, but my track record of prescience is somewhat unremarkable.

The object of the exercise is not getting as much gas as quickly as possible. The current objective is to determine the relationship between the reservoirs. The secondary objective is to maximise the total output. I'm leaving it at that. ATB

gemstar, yes. Possibly produce from R, possibly not. My points are R has been added. Tick. Production will be 30,000-35,000. Tick. Ergo, the first RNS is true, as is the second RNS.

Notwithstanding my earlier point, the first rns says "Production will continue in level A at 20,000-25,000 scm/day up to the end of June, with production levels increasing to 30,000-35,000 scm/day from early July when levels R and S will be added". So A, R and S added. Then "Over the first two weeks of July, the Company will install a downhole choke at Bezzecca and production from the field will recommence immediately afterwards from several levels, namely Level A, S and possibly R." So producing from A and S, for sure. R, maybe, maybe not. As long as they at producing 30,000-35,000 scm/day, what is the problem? If they had said "We will add R and S, AND be producing from A, R and S", then said maybe not from S, I could see your point, but "adding" does not equate to "producing from" in my book. Am I being too literal and pedantic?

Mike, it seems as if you are agreeing with my logic for varying flow rates, but also disagreeing with it.