Member Info for kr1988

Least your up a good amount, maybe it drops another 10-20% you get out then but give it time incase it’s just a blip

Listening to Mike yesterday it sounds like the crew is coming together so I feel more confident than I did after the week before interview.

Craig I’d say it’s a bit soon to be spudding next week, the drill pad should be signed off next few days (could be done now) they then need to ship 17 lorries worth of drill materials to site plus all the long lead items like casting etc.

Once all on site they need to then build up the rig which must take a good few days and prep to make sure it’s working fine.

I’d be going more wc 21st august for spud but again coukd be the week or after or early sep depending on when the crew arrive. Mike is due to fly out soon to start managing operations so should start to pick up soon. It will be good to start getting lots of pics of the rigs arriving and been built up to boost the sp.

Like usual it spikes before pulling back we really need it to take off but doesn’t seem to want to move.

Thanks went to the site I had to pay 6 quid to view the stories which is a shame so for now I’ve not signed up as I forget to cancel the free trail lol

You have to decide is now the point to get out or will it rise further.

CAn you send the link?

Oh well done I didn’t know you got in I remember you spoke about it but didn’t know you got in.

Not sure if it’s peaked now really difficult to say as some shares keep going during spud whilst others don’t…. You’ll just have to watch it over the next few days and see if you think it’s a dip or start of the pull back

Good find!

When did you buy into lbe dai?

I guess they did the rns on the Friday because they had to due to noble putting out the rns dunno why they couldn’t just say they will update the market but least i got in during the drama lol

Yeah deffo Horult I mentioned earlier that I thought they were doing the pad where the camp was planned to be but it doesn’t like they will use it so the work they did their wouidnt be wasted and it’s on a fault line so let’s hope they make some big announcement soon

The options they speculating its one of the bod who have stepped down but no one really knows......

Horult I agree its another I wouldn't want to be out over the weekend lol still think its will be more mid next week the drill pad is complete and the rig is up fully, if it needs 17 lorries it must take a week or two to fully set up as it must be literally hundreds of parts.

The issue is news spikes the sp then it pulls back. I think the highest seller was around 9.5- 9.6, earlier in the day you could buy around 8.9 and later this afternoon the sp pulled back to around 9.2 to sell I think it will drift back down further tomorrow so hopefully ill make a profit on selling at 9.33. Hopefully I can get in sub 9 pence to make it worth while but nothing seems to push this sp up and maintain it the market gets excited but then pulls back. Not sure what news will be the one to spark it to life.

Yes it tripled but most would of got in after the funding and drill was confirmed so went with 50% but both are very good.

I thought the interview was ok, sounds like the drill pad is more or less done and all the trucks are in the holding site from what I understand the crew is the main bit but Mike seemed relaxed about it and it seems their are lots of different people getting involved it so not just a off the box crew so to speak.

The testing its a bit confusing lie you said I thought they did wire line logging? Is that not conclusive enough?

I agree you don’t prob pay a bit more than leasing to leave a rig sitting idle in the middle of tanzia for years. I suspect they wil get the discovery and then hopefully go on a bit of a run next few years (maybe sooner) and do back to back spuds on their different prospects.

Thanks skittish, I believe in the interview today Lorna suggested that the camp site wil be where the rig is drilled which might be why the drill pad might be so large.

Didn’t you say you saw two structures being built one being Tai 3 and one you thought was the camp? If they are camping on the drill site what coukd the second object be?

I sold out too early lol it pulled back before going up, lets see if this level maintains or if I've shorted myself and lost out on profit lol

I agree the 10 pence barrier seems quite difficult to reach but when it goes I suspect it will go big. Maye the big news will drop next Monday to say the drill pad is signed off and the rig is on site and drilling is due to commence on x date..... maybe I'm being a bit opertermistic lol

Sp seems to be pulling back, got quoted 9.4 to sell then it dropped down to 9.33 to sell. Sold my pension pot for 9.33 lets see if it drops back and make a profit lol

Yeah it seems a different message to 2 weeks back when they said they would do a second exploration well but maybe that well would be a production well too not sure.

Least the civils are more or less done and the rig is in the holding compound. The crew seems to be ok too so looking alot more positive than the interview last week

Will this 5% increase stay or will it drop back this pm?

Oh that's good im sure this will go back up, I just feel for the people who brought pre dfs and are down 40odd %. It should go up at some point but this is what concerns me about going into anything other than oil and gas. If your in too long your more likely to be shafted that to be rewarded it seems.

I’m glad this one is more up to date, the pad should be signed off this week and the rig is now fully in the holding area after the last update a few hasn’t passed the final sign off.

Sounds like the crew isn’t one team according to Mike so not as simple as ordering a ‘drill team’ they almost need to bring in lots of different professionals.

I’m a lot happier today than I was after the last one.

Let’s hope the comms keeps coming in

Another 10% drop today…….