Member Info for LeMajor

leased = leases

I've worked on many corporate acquisitions which have taken from 3 months to over a year - they usually ended up with my outfit taking over on completion, and the previous owners basking on a tropical island.
This deal is not so clear cut - when it is done (or at least the first part of the deal is actioned), we may have on-going staged payment, leased changing hands at some stages, residual gas exploration or storage, royalties in perpetuity, when production kicks off in 4 years time, obligations to contribute to infrastructure/pipeline extensions, an hosting an annual dinner for all JV partners to attend. It is more like Brexit that a normal corporate merger.
We may get a complete hermetically sealed deal by the end of March, but my guess is that it will have limitations and milestones attached. Only a month to go before all of the first part is revealed.

Brilliant post by MW93
" I wasn't quoting the email I was stating the jist of his plans...if this email exists."
He is able to determine the gist of the drilling programme form an email he doubts even exists.
An intellectual giant.

V111JAS, I did not say I'd sell out at 3.5p just that I would not be interested in sp movements until they exceed that level. Moving house soon so it would be nice to have an option to take out some cash - but not giving them away!

Sitting on the fence? I'm not going out the back door until 3.5p.

rfarfa, the real point is that if Winx does shed it's load, the cost of a cleanup will not be an issue as we will have hit the big one.
As the operator, the buck stops with us, we are there to make sure all the subcontractors follow the rules. And I think Eric is a man who misses nothing!

Brom, sounds like all are engaged in playing "Happy Families". They are swapping leases to get a nice set of contiguous land. I hope Dave holds off, just for a few more weeks ..... I'm hoping our coffers will be flooded by then.

I wondered if this is a standard fitment or are Zero offering it as an optional extra. I agree it is good news, and also that it could take some time to make an impact within the accounts of Star. It is a great starting point in the world of personal transport, so other manufacturers may now get interested..

If Winx sheds its load, we will have a clean-up bill from AEA - probably need another CR to fund it :-)

I'll stand to be corrected but I think the strategy is to get to bottom hole quickly, using logging instruments and analysing cuttings as we go - then we linger at destination for fraccs and flows and then back fill/seal on the way up, pausing at the interesting levels (determined on the way down) for further perfs & fracks.
The 4-5% rise is based on 2-3m trades so hardly a landslide, but we could see a 20-fold increase in volume next week once we get above 1.3p. (Pure speculation maybe?)

The Winx project will be determined by the crew, the equipment and the geology. The FO and the AGM will be coordinated and timetabled announcements. They may be absolute dates or more likely (IMO) offset from the Winx Anns. Does not matter too much as none of us have a say, but we all know it will happen within days rather than months of Winx (possibly a week before but I plump for 5-10 days after).

With less than 2m traded any rise or fall means little - we are in a holding pattern, with iñvestors waiting for solid informarion.

Just waiting for the cement to harden - next week we will be into the sticky stuff, hopefully with enough shows of HCs to warrant an RNS.and light the blue touch paper.

JH, nice animation !

Good point Spiney, I stand rectified :-)
Either way, I'm not expecting stupendous news before we hit bottom (maybe "HC's present in the cuttings at L3" or similar positive statement, but no volumetric or qualitative data until lab tests and geo-analytics).
Patience still required, but in relative terms, we are on the home stretch (just for THIS project).

Most of the focus/activity will be at the 6,500 feet level. We will collect data on all the stacked plays as we go down, but I can only assume that the biggest target is the one at the bottom. I doubt that DW would have decided on this during the commercial break while watching "Neighbours" - there is a Hit Squad of experts from Alaska to Texas involved in this venture - even if Baz was still with us, he was not a one-man-band, so consulted widely.
DW holds the purse strings, but the techie stuff is decided elsewhere.
Investors (potential sellers) are holding onto their shares as there is only one way this will go, and it ain't down.
Buyers are holding back (possibly invested elsewhere) until news is close, especially as the financial year ends for many investments is getting close (whereas we have no such incumberance) so over the next 4 weeks many businesses will see a greater rise than 88e - but 88e is my rainbow, and I tend to burn my fingers when chasing others. I suspect we will see a rise from next week and as we taxi down the runway, I'm hoping by mid March to be back in the blue - just before we accelerate for take-off. We are still a few weeks away (IMO) from serious volume, but once those domino's start to fall, we will become ill-liquid through panic buying. Best get in soon, for those that have cash at hand.

Picardy, they will need to release news soon after reaching agreement - so who do you think will decide on the "Sign the Agreement" date?

Hy-Oh SilverT, I don't doubt the involvement of technology -but it will be parameter driven - and those parameters will be within the MMs remit.

Jiddy, my guess would be that both announcements will be quite close together in order to capitalise on the momentum from the first. As the FO Ann will be easier to control I suspect it will follow the completion of flow testing - though may be before the FT results are announced.
The roller coaster will start to creep iup the slope soon and the closer it gets to the summit the faster it will get - but once over the top (reached Torok) the ride will be wild (imho).

MMs are a mystery - looks to me like they're holding the price down, yet if as indicated, buying is outstripping selling, surely they would stimulate the market by encouraging a rise to 1.2 and clearing any remaining overhang. So much skullduggery.