Member Info for lambpostie

Just ring the CEO and find out for yourself what he and the company are doing... I can assure you this is not going under and the only ones saying avoid are the ones who havn't researched it... If they don't want to buy it's up to them, the FD has stated we have funding till 2015 and we have had talks with many possible partners which could come at any point. Also.. The resource is bigger then the market is aware of, the CPR has been upgraded. It's nothing like LOND that's a pretty stupid example.. They were in as much debt as Greece, we have non .. Also oil costs 10-15$ per barrel ... We are debt free and as jack said you can always find enough cash to keep us running it's the farm out we're waiting on. Broker target of 7p and any farm out will get it there!

Sure does mate... just need people to realise that this is far better then where they are currently ramping, cash burns currently tiny and any Farm out could see this back to 5p+ .. Were all good, seller should have got up and f00ked off by tomorrow.

Is the call for oil in the ground that hasn't even been prooven yet... so going off that logic we should be worth 30p Waaaaaahooooo :-) Game on boys!!

Official ramptasic goings on... IRG has 1.5 million in the bank as of June and a very small resource that needs 3D Sciesmics done, exactly the same as FRI ... they have little over 100 million barrels. FRI has 200k in the coffers but are actively seeking a farm in partner, 15 billion barrels of oil. and a 1.7 million market cap. I certainly know where i'd rather have my money especially knowing no placing till NY !!

Luckily extraction costs on land oman are around 10-15 $ so still huge profit in this one even if oil does dip down into the 60's

Putting all the buys through over there and sells over here... Seller should be gone by tomorrow at this rate.

While we believe that all of the assets will ultimately be farmed out, given how advanced the lead inventory is, we believe that Oman will be the first. In this respect, the farminee will most likely earn its interest through the coverage of the seismic and an option of the attendant exploration well. Tic Toc Tic Toc

I know you've been awake all night but its the afternoon fella :o) ... be nice to close above that 1.2p as that should give us a decent chart for the traders. laters mate.

Yep just less shares.. will be good mate, im happy to wait for the farm in as i think our entries are safe as 'ouses from this level and will offer a very healthy profit. Anyways back to work :-) have a good un

Almost out... this could fly when we get the all clear!

Just shows the absolute mammoth of a licence this is... 15 billion barrels with CEO heavily in here and not taking a wage.

City got 6 million left to sell... as of friday so possible only 3 million left to go should be cleared by Wednesday at the very latest. I havn't seen that report will take a look.

Nice mate, they must have read up about the licence and area :-) Where on Aim can you get exposure to 15 million barrels on one licence with 2 more licences, debt free, for 1.6 mill ?.. this is the only place and a farm out could see it back to 7p easy... Even if we got dilution down the line it would still value it extremely cheaply and i think the market hasn't worked this out as of yet... even with funding its well undervalued and will have cash in the back burner.

Has been the same volume as 30 trading days... they surely can't have many left to get rid of.

Chunk from the seller... wont be too many left to go now... look out for the large odd after hours trades... and the spread should tighten and get this back to a realistic level.

That dude got mugged... maybe mm's running out of shares from the seller...

1 million buy from 8:01 ... They obviously like the odds

Will be gone soon enough... I'm here for 5p and the farm out so happy to wait it out until that comes... Even if we got a placing (which Jack will be taking part in) and it was at market value for 2 million that would still only give us 3.5 million market cap huge resource and 2 million in the bank!! Choice is yours!!

Well when you do a lack of research and don't contact the company the gamble odds are stacked against you!! I like the odds probably because i have done more research... Jack has 30% of this company, funds have been buying, and a mr ..... owns over 3% (possibly some well researched Pi). Don't buy if it doesn't suit but I'm more then happy to wait for a farm in and 5p ... to date 15 companies have travelled to Houston to review the data, and as Jack said to me on the phone he is still highly confident. P.S. 15 million barrels.. worth peanuts? Dont think so!! Have a look at all companies accross AIM, SOLO etc etc when they didn't have farm in they had market caps of around 7 million ... we have more resource, more licence and a tiny market cap ... so i disagree.

FD - Finance Director ... london based.