Member Info for Kullybahia

A great RNS, and more in the pipeline from Italy. With a 2nd well in Romania planned this year, and a probable farm out of Tesorillo by year end? Struggling with the sp, it spiked and back down. Day Traders cashing in on the rns. Hopefully a steady rise into the 4th Q, as momentum builds into the Tesorillo drill.

Still think the BOD should have prioritised a 2nd well in Romania , sometime after Bainet 1 went into production. The sp would be 0.6p after production granted, investor confidence on the up etc etc. Tesorillo probably a farm in, hopefully with a much larger company. Then they could buyout all the % of pxog in a all cash offer?

Just my opinion, but there's a lot of funding needed on all three assets. Romania can be funded on loan notes, as production is within a year. Italy dependent on production permit being granted, why do 3D seismics if you can't get into production? Tesorillo is $6m AUD, it's gotta be farm in?

A $6m investment in Tesorillo. Don't think we have that amount of $? Can't really see loan notes , so only other option is FARM IN with much larger company. Updated CPR along with the latest GEOLOGY REPORT, will attract a company or two. Hopefully the data been analysed will be very good, thus making a bidding war?

UOG are aggressively building their portfolio of assets.The BOD are ex TULLOW OIL, so know the oil and gas industry. Having them as co partners in Selva is a plus to us, their knowledge and experience and contacts. Hopefully they'll be interested in Tesorillo when the data is available to 3rd parties? Just 2nd guessing what might happen in Spain, we'll find out late summer, when all the data is analysed. In the meantime, let's drill Romania, while the demand for gas is there.

Just to clarify to some on here. Yes I want the best for the company, but the low sp is down to the fact that AIM listed companies are news affected. Short term investors are looking to bag a share in a couple of weeks. If that doesn't happen, they sell and look for another share. There were many oil drills last year, and they were all dusters. Some companies were ramped on Twitter, by those with large followings. Currently RBD is the darling of Twitter, along with UOG.RBD have 5 more wells to drill this year, after the 1st was a duster. They have two wells with COS of 72% , so investors feel they will hit big in at least two. And also some production in USA, which is cash near term. All the hot ££ is in the current well programme, so that is what investing in AIM is all about. Near term investing is how I would describe it. We'll have hot ££ here when Tesorillo is close to drill, but more near term revenue could have happened in Romania. That would have kept investors interested in the company, and the sp @ 0.6-0.7p. Bread and Butter revenue in AIM is more than most on AIM. Cash is king and we have some in Romania, a shame we didn't try and get some more. As for value trigger news, it hasn't worked with the sp? Why hasn't it worked, herd mentality? Production timescales? Investors using their ££ for short term investing positions? When the time comes to drill Tesorillo, watch how Twitter goes into overload, with wild inaccurate info. P.S. Seasalt1 why don't you explain why the sp is where it is?

I'm very happy with a farmout to a bigger company. Minimum dilution and a decent % of Tesorillo. Wether future funding is loan notes or not needs to be clarified.

The reason the sp is low is because ED hasn't clarified how they are going to finance Tesorillo % increase and drilling costs. Everything is scheduled for early 2020, Selva production, Tesorillo drill . It's obvious that Tesorillo will be farmed out, until that is confirmed and a 3rd partner is announced , don't see that much happening in so called value trigger news. The only thing that is going to really rerate the sp is a massive discovery @ Tesorillo. Everyone is thinking a equity raise to fund Tesorillo, but a farm out is more likely. Hence the low sp? hmm

The interview may have brought new investors to the share register? Unfortunately the company is moving slowly along on all three assets. If they could fast track any of the assets, it's Romania. To drill and into production in 10 months, those were ED'S words in Momentous interview. Regrettably reality is the BOD want a high impact drill. Hence the ongoing work on Tesorillo, to later on in the year, probably November for that to happen. In the meantime, hmm ???

The BOD should have drilled 2nd well in Romania , just after they got the ok to production.Then the 3rd well would have been more likely in 2nd Q of this year. That would have underpinned the sp, while awaiting other important news? So sit back down and go back to sleep, hmm?

If we had raised last year @ 0.6p and done work over of Grancesti, it would now be in production like Bainet 1.Then the sp would reflect investor confidence, and attract HNW investors. €120k per month from two early wells would have underpinned the sp? Unfortunately we are where we are, and another drill in Romania sometime this year. That's one year too much for me, Romania was very impressive in getting monetization for the company. All iMHO.

Expecting a drill in Romania, ED has stated this. Italy moving towards production, meetings with relevant authorities. Tesorillo ongoing work to drill probably this time next year. Hopefully a pump and dump crew might ramp the sp north of 0.6p? Clearly Romania is small, but bread and butter in revenue terms. Easy to drill and into production, cheap to monetize. Investor confidence is low, as the BOD target Spain as priority. Hence the low sp, Spain two years in the making .Where's a pump and dump crew when you need one?

The Poland license was relinquished, and the cost written off on the balance sheet.

The TMS interview was pretty much the same as last time, with Vox. Same clothes as @ Momentous, does ED have a different beige jacket? Anyway he comes across very humble, no salesman talk or unnecessary ramping. Just when does Tesorillo happen, maybe this time next year? Nothing pencilled in for earlier, so onto Romania please. Italy is slowly getting there, and everything else is pure guess work?

If farm in, could be another AIM company. UOG look to fit the profile, already a partner in Selva. Ceo Brian Larkin is ambitious, and looking for further assets to acquire? If Colter drill is successful, then they will be re rated.They also have ££ in the bank, so no need to raise.

Should double from these levels, if a farm in of Tesorillo , so minimum dilution. Then the sp should hold into the drill, dependent on just how successful? Italy into production next year, and another drill in Romania sometime this year. Still think Romania has underachieved, could easily have more wells?

Looking more and more like it's going to break thru the 0.3p barrier. Hope so, priced to fail, even though it's got €60 per month revenue from Bainet 1 well.

Are some buying ahead of drill later in the year? Or is it possible that the Vox interview grabbed some new investors attention? So called trigger news imminent? What is the reasons for the sudden volume of trades?Unexpected, but recall it happened a bit back last summer? Need some chunky trades over a period of time, for there to be a background buyer. SP Could form a new base @ 0.30p on which to build upon? ?

Getting bought down at these levels. Should bounce back from these multi year lows? Expecting £2 to come in a few weeks.

Hopefully some good news on Spain, regarding Tesorillo. Wouldn't have increased % unless certain that they found what they believed all along, that it's a TIGER ON A LEASH.