Member Info for Kullybahia

Dear Sandy if we get to 15% I suspect that the farm in will be negotiated for the remaining 35% . Can see some £ part paid for additional 10% .Then the other 25% paid by 3rd party, which will cover the costs of the 1st drill on Tesorillo. Pretty much gives us a minimum dilution, and if SUCCESSFUL, then obvious a massive rerate. Then 50% of Romania, 17% of Selva and 25% of Tesorillo. Still think if Tesorillo is successful, Romania will be further drilling programme as low cost, and quick to production.

If Tesco mothballed stores 3 years ago, about 50 were to be built. Plus closed loss making outlets, including Express and Metro and larger outlets. They are now profitable, and that's exactly what Mike Ashley will do. Expensive rental outlets are becoming a thing of the past, online has changed the value of rents. He'll renegotiate rents, or close outlets, that's today's reality. But one thing is for sure, Mike Ashley will make £, but not sure wether he wants to reduce the companies debt.

Mike Ashley will turn around HOF.He has logistics in place for all uk outlets, and can adapt to moving retail environment. It might take a few months to stabilise, but the core business is very resilient to a downturn, like primark. Expect once NUFC is sold, he'll move for Debenhams.Then volume for online space, and slowly increase in profits. A few store closures are inevitable, he won't pay sky high rental.

Probably end up with 25% after farmout deal prior to drilling. Plenty of cashed up oilers awaiting to buy if geology is proved up.

Another acquisition? Really? Maybe 3 isn't enough. Romania is easy drill and wait for permit approval. Could have raised £2m and drilled 4 wells last year, when the sp was 0.6-0.7. That's on top of Bainet well, 60k per month. £3m from 5 wells and mcap of £15m But no, that's too easy, so sp languishing in doldrums. Just hope Tesorillo is all what it is being made out to be. A farmout closer to drilling, and maybe a successful commercial discovery with massive net pay.

HOF is the main problem, and NUFC a side distraction. He'll turn it around, knows how to. Give it a couple of years, and SPD will be much higher than today.

The sp is way too low, clearly an overreaction to the 1/2 results. Expect MA to turn around things in 2nd half. For now the sp is @ bargain. MA is a retail magnate and knows how to make ££. He'll get the job done, and HOF is the problem in the group.

Will ED farm out a % of Tesorillo? With the sp on its knees, getting someone else to pay for the first drilling, providing the geology is proved up?That would give a risk free carry on drill,without much dilution?

Does anyone know roughly what the next important news is in the pipeline with Starcom? Something that would signal the company is making a possible increase in turnover?

Yes,ED get a move on please. Promised assets are company making. So make the company, no excuses, just drill Tesorillo and hit lots of GAS GAS and more GAS.

Get a feeling ED is going to deliver the Tesorillo news,and it's all about drilling in the 1-2Q. The sp looks to have finally bottomed out.

I'll take MIT survey was excellent, and they are forwarding the Tesorillo project to drill in 1ST Q.

Expecting a lot of news flow in the 1Q, can't seem to understand why people are selling off. To chase rainbows in other shares, sit tight and she'll be 1.5p by March next year.

We are overdue some important news. Wether Selva planning concession, Grancesti work over, or Tesorillo survey results, and subsequent increase in % of asset please? ED let's have some pre-xmas nees please! !!

That's a very good outlook of the company, and EBITDA positive at current trading year. 2019 could be better if more larger contracts are signed. A couple of $3m contracts would be transformational for the company.

Clearly with the amount of time ED has spent in Spain, he's either trying to get Barcelona to sign him as a player, or he's getting a really good tan.(by the way mines permanent). News on Tesorillo is late, and the sp is down waiting for the fat lady to sing. Other oilers have produced Dusters this year, so to be fair, having two gas discoveries isn't bad. Update on recent field work in Spain, and drilling timescale would be great. One large placing to fund Tesorillo % and two drills, and we could be £30m-50m mcap next year?

The sp is simply anchored down, regardless of so called trigger points? The company has three assets @ different stages of development.While this sounds great on paper, reality dictates cash needed. Romania is small, but reliable as Bainet 1 now £60k per month. Italy is much larger, and production concession is longer to being awarded. However is a producer(Selva).And there's even bigger resource @ East and Southern Selva. Spain is the real company maker, and why the company is concentrating all its efforts to ensure it happens. 830BCF midcase is worth dropping everything around you. Tesorillo is the asset which if proven up, would attract the Majors. But ££ is needed to make all the above happen, or a massive gas discovery in Tesorillo drill. Which would make the mcap £50M+ and would make raising ££ on the markets easy. Come on ED, let's have a placing, and drill Tesorillo and find commercial gas. And lots of gas , flow rates off the charts and a 2.5-3p sp?

The price of Gold is predicted to be much higher in 2019. An asset with good mineralisation will be looked @ by mid cap companies. We already have one prepared to fund a drilling programme. Expect a few junior miners to be bought out next year. GGP,ECR AND ORR

Is this the bottom? Certainly nearly lowest mcap, considering now @ EBITDA?

Thanks again for the other companies name. Not that they are doing much regarding Tesorillo. Too busy trying as hard as possible to do nothing. ED is in meetings with the Spanish authorities, getting permits and permissions from local landowners. Expect ED to deliver 1Q some much needed news, believe Tesorillo will have the news were all waiting for. If Selva makes £10m in revenue for all % holders, Tesorillo could be much more. Maybe £15m, as much bigger resource and we get 1/2. A higher zone of up to 49ft of potential pay, and lower zones of up to 498ft of potential pay.1/3 would be sufficient to be relatively successful. No need to ramp any more, let the company drill and be commercial .