Member Info for Kullybahia

The strangest #### ever with the sp.On light volume it goes both up and down. Then on panic buying and selling it hardly moves.Just about level for the day. Tomorrow the same ####, light volume.

The latest RNS is One piece of the jigsaw puzzle. Brian Larkin of UOG stated in his latest interview on proactive , that the Italian ministry for O+G like to meet face to face. They like to know the people they are working with, before granting applications for production. Uog wouldn't have invested in the Selva field, if they couldn't get the license into production. It might take up to a year, but it took nearly 7 months in Romania. It is a waiting game, as investors get bored and sell off. But the fact is the jigsaw puzzle is slowly coming together.

Does anyone know when the next trading update is? Or perhaps is it during the companies AGM? Much appreciated.

Watched interview with Brian Larkin of UOG on proactive investors. He said the application for the production licence, is such that once granted, in about a years time. It enables Po Valley to drill and hook up immediately any successful wells. This means there will be no time lag, after licence granted. (the reason why it will take up to 18 months , now makes a lot of sense)With numerous targets in pipeline, the large Selva field is more promising ,and commercial that first thought. Expecting a second well to be drilled in Romania, after production has been granted this year. Then CPR for both Romania and Italy, will give investors an idea of how much gas reserves is available.

Yeah Judy,it was. But hit a duster in Poland. Now it's close to monetization in Romania, and possibly Italy by year end. The assets are good, and they have Tesorillo in Spain sometime next year. But I can't stop people ramping on social media, or some investors platform. Then selling for 10%-15%

Drewsky, agree with your comments. Unfortunately Doc and others are repeatedly doing 10% on trades,then moving on. This will eventually get to monetization, and then you won't see sub 1p. The assets are where the takeover rumours will begin. The BOD know how good they are.

The BOD here don't have the same ramptastic interviews like others CEO'S on AIM. Neither do they have paid pumpers to ramp on social media. But the two gas discoveries, and assets are where the $$ is going to be made. This is all that matters, not trying to chase 100% every week in some pump and dump. The Spanish asset is next year, before they drill. That's when the herd will arrive, making wild claims of 10-15p on successful gas discovery.But they won't be getting sub 1.2p -1.5p, when the drilling starts.Both Selva and Bainet into production gives the mcap £15m,by year end.

Destitute is looking for 0.2p to buy in to the stock. Fully cashed up, and funded for current obligations. Near term revenue coming and selva by year end.

Investors need to realise that Selva is a high impact natural gas region, with a quick return on investment. Our 17% will generate approximately €2.1-2.3 m per year dependant on high European gas prices. Other targets in the East of the area, are considered to be better than the current discovery. The Italian asset is worth more to Pxog as near term revenue covers costs quickly. The Romanian asset is coming into production soon, and a follow up drill will happen, as part of the licence agreement. The coming production should generate approximately €700,000 per year for 49%. If Italy grant production in 4th Q,then €3m in revenue next year from only two discoveries. Everyone is looking at the Tesorillo asset,as game changer, but the other two assets are in play. The Spanish asset will probably be drilled in March next year, at the earliest.(Expecting a few delays as nothing goes to plan). So everything is about the CPR from Romania, and production from Italy. IMHO

Still buyers outweigh sellers, and the sp down. A seller still in the background, once cleared, and the sp should hit the 30's?

When confirmation of Bainet well is on full production, to keep the license, they have to drill another well .It's part of the licence agreement, meaning another £1/2 million as part of drilling costs. If the well is commercial that would be two wells in Romania that are producing. How this will be below 1p is beyond me, and the Selva well awaiting production in Italy. Romania is worth drilling, as production is granted after 6-7 months after discovery. Much prefer Romania, as not much waiting around for bureaucracy.

16.24 a 100k + 25k trade @21p looks like a buy being filled? Anyone want to take a guess?

MM'S seen the sp gap up yesterday, so tree shake appear to be working. Keeping the sp down, could be short of stock? Weak sellers out, MM'S picking up cheap shares?

When it comes to AIM, anticipation of news flow never goes accordingly to plan(apart from a few companies). It's really a matter of waiting patiently. Already into month 5 of the year, and BO DIDDLEY from the company. Guess it's all about the 2nd half of the year, but a lot of the anticipated news is reliance on the operator of the fields. Something that can't be blamed on the company, so patience is the name of the game. Would love to hear something out of the ordinary, just to get the sp moving up to 1p.

From a TA it's @ 62% retracement from recent high of 42.5p, should bounce from here, but this is AIM, and nothing to be taken for granted?

Is the next news, hook up of Bainet well and 1st revenue? Then CPR of well, and possibly CPR of Italian well from PO Valley? Does that make it a driver of the sp, or am I too hopeful? LOL

10.30 67k delayed buy just showed up, if small selling could stop then a run up to 30p possible?

The sp is being held back by MM'S, games being played. Another agenda, BV tech want the shares as cheap as possible, so buyout will be minimum. Unless another company is interested in buying, then it's there for the taking, at lowest price possible. Unless selling stops( and that's a big ask) expect same range of sp 23-28p?

Seems that the company is only going to get noticed ,when funding and a drilling programme for Tesorillo is secured. In a proven hydrocarbon region and if successful ,it would then bring the sp closer to institution investors interest. RBD raised from institutions recently, and they have a 4 -5 drill programme this year. Ed Dawson just comes across in interviews as too laid back, recent interview with Total Market Solutions says it all.

The sp is consolidating @ these levels 23-26p.It just needs to break above and hold higher. Maybe background buyer orders getting filled @ these prices? MM'S will always do for the bigger players rather than for retail.