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Raven Energy REL, formerly Magnum MPE had a rise of 100% last night on ASX. Tulainyo estimated to hold recoverable reserves of 6 tcf, running produuction casing before demob of rig and carrying out testing. Sounds familiar?
Hi Scott PCL share price has not moved, checked on Google Finance, still on 0.0050 AUD. As PCL have interest in both camps CRC and SGC, have no secrets between themselves. Looking good for Alvares.
Merry Xmas all. Hi grippa, Looks like nobody wants to answer your post. If you look back at previous posts a rig is not required for fracking, just some big pumps. Coop mentioned it in one of his posts, the thing is we don`t know if chemical stimulation will do the trick or not. The well engineers hopefully have the job in hand, but be rest assured we will be the last to know. If any of the Board are reading this, throw us a bone, after all it is Christmas, good will to all men and that. If you can, put some meat on the bone. Looking forward to the new year.
McAwesome, Agree with what you say. Maybe 2 buys of 100,000 shares today has prompted a wee rise, along with your upgrade of Dempsey to 1.5+ tcf. Not many trading days left this year, so can`t see much change until next year unless we get good news. EME know what they have, the logs along with test pressures will derisk the whole basin, and as you say, massive land grab going on at the moment. Merry Christmas and a Happy New Year to all. Let it flow, let it flow, let it flow.
Art, Yes and TULAINYO is being drilled by Ensign 587 drilling rig.
Hi Chris, Read Ride`s posts on Hotcopper, very interesting. Looks like the right course of action is being taken and maybe frack permit could be in place as it`s common practice at this depth. This well will provide all the information needed to drill all the others, field development plans, horizontal drilling etc. Page 20 of presentation states "Staged growth and value delivery plan , continue to increase lease holding using SGC INTERNAL KNOWLEDGE of large potential prospects". Looks like we are being drip fed, hence the SP at the moment. Hope Secret Santa comes good. NADOLIG LLAWEN.
Extract from today`s RNS ," Ithaca`s goal is to generate sustainable long term shareholder value by building a highly profitable 25k bopd north sea gas company." Talk about rubbing salt into our wounds, the proof reader should be sacked along with the board. Still got my shares but for how long?
As expected, an understated RNS. Holding back information so we can`t work out how much oil we are pumping. An utter disgrace.
Hi Kejoglo, Delek have already stated they want the current BOD to stay, as reported in the "Press & Journal" article on offer. That was why we had such a low ball offer accepted by them. SCUM-BOD-AYE are trying to work a flanker, it`s up to us to stop them and get our true worth.
Any bright sparks out there able to work out production given the number of days it takes to fill up the tanker? Lets have some answers please as this board is stagnating. Not one post yesterday. Cue the boat watching crew.
Now is the time for a rival bid. Wake up BP, make your move and make all us suffering share holders really happy. So much for the fanfare announcement of FIRST OIL, it almost sounded like an apology?. Come back Big Bench, this used to be a happy board, but now seems like an empty SHELL. We now know it`s not, shed loads of oil and more to come from the satellite fields. Timing is everything and Delek`s blocking bid has stuffed up my plans big time,but I`m holding out to the end now as I`ve waited years for a result. Rolls Royce scandal?
Ithaca boss pledges security for staff in Delek takeover. Delek bosses said Ithaca would become a "subsidiary" of the Israeli conglomerate, They hope to retain the current management team of Ithaca, which expects first oil from Stella later this month. Les Thomas said Delek`s approach "made perfect sense" as they understood Ithaca`s strategy since 2015. The company is understood to be planning to list in London during 2017. So much for BOD not having an incentive in recommending deal! The plot thickens.
Holding 40,000 to the end,
An earlier post stated that Les Thomas said that first oil would be before end of Feb. Only 28 days in February so first oil before deadline,interesting?
At least when Dick wanted to rob you he was up front and had a gun to your head. These Dicks are devious beggars, not to be trusted with our money. It`s not the first time the SP has been walked down, or lately pegged down to allow chosen investors in at lower price. If they have held back first oil intentionally to keep the SP low while negotiations have been going on for the last month, surely that would be criminal. I`ve seen some dodgy dealings on Aim but this one takes the biscuit. If this share was allowed to rise before a takeover bid we would be looking at £2 a share by now. That`s the least we should be looking for, so stick to your guns boys and say no way on the highway(robbery).
Hi Furey You`r right, Antwerp is in Belgium, worked there a number of times. I was told Holland, would not tell me where. It`s all DUTCH to some. Enjoy your big lift when it comes.
Toze Ensco 112 is in Holland at the moment.
Price was £2.12 before offer was made,dropped like a stone when offer was refused, all the way down to 99p. Look at the graph on Google Finance,it will give you a rough idea but is not accurate to the penny. Oil was over $100 a barrel at the time. The key to getting the best offer this time is combination of hook up to pipeline and satellite wells.
Shetland Triangle? Tanker goes missing over weekend and SP is still as steady as a rock. Rock on IAE.
Refineries geared up for heavy oil from Venezuela,won`t be able to change that in a hurry.