Member Info for Loz786

Agree, Statoil will be drilling their first well in Q3, so expecting people to take their positions when we know rig is on the move to the first drill. Their 2nd drill is verbier, so expecting that in August. The time to buy is now, yes it's a wait but its the best time accumulate while it's quiet. I was a saying this sub 2 pounds and expect 250-275 come spud!

Cf456 - Verbier is not drilling in few weeks. Statoil will be drilling their first well in Q3 and then they will move the drill onto Verbier. You looking at August realistically before they drill.

Agree with you Phoebus, as I am also in the same boat! Rather wait for licence, followed by finance news and happily would add then to reduce my average (:- I am now expecting us to drill 103 until July at the earliest...

Good to see decent volume sub 13 p is attracting buyers, as we all know once we get drilling the price should be at a nice premium from where are at now. Fully funded for all the wells! I can recall when we raised for the drills, i was far from happy. However, looking at other stocks whom have raised just before they drill (Char) or about to raise (Rose/AAOG), then Mike's call was absolutely the right one! Just needs some patience here and the people whom have invested should do very well. Friday is a normally a blue day and we got the long weekend, so hope next week is the week it makes the progress that we expect....!!

Let's just wait and see guys, i hope to see Licence news in the next month or so and then placing at the back of that. Please no more delays but good news on Today news, clears everything up of where we stand. Its down to the company now to deliver the outstanding news!

If they had licence news, Finance then June was doable. However, as licence, finance is still pending June will not happen. Nice of them to atleast acknowledge that finance is unclear, personally expecting a raise but they will have 100% control of this drill, so not bad IMHO.

Good overview. However, they have clearly stated no spud until funding is clear. So, we need Licence, Finance and then spud. With above still pending don't expect spud till July...

You will know when we know :-) Ed stated drilling in for Q2, so hopefully this month and spud the next! Nice consolidation at these levels and nice buys sub 13.

All good, just waiting for the next news and it'll pick up nicely. Seems anything 13p is be brought into...

Would settle for a asset news before we start to drill etc. Institutions put money here, so this is good news as they would know why their making the investment etc. Wait for now....

My thoughts too... Permit i did expect end of this week, so let's see. Ed did say to me earlier that drill is still on for Q2, so on that pretext, hopefully permit wait can't be too far away.

Good summary Bladderman! Just need the permit news to land and then the rise can begin...

No harm in calling your broker too, as he should be able to give you a quote over the phone and then you can decide etc...

Delays happen in O & G , it is part and parcel of the business. However, the lack of coms / update, has to be the worst that i have ever came across. Anyone invested here for over 6 months know, that deadlines have been missed, which is not an issue but we get radio silent for many weeks if not longer before we hear anything! Give us some news and soon... Sorry rant over!

Yep buddy, that's what i meant :-)

If we don't here news for a week or so, they i expect a ops update. They said anticipated in April, so we just literally enter March, so not fussed...yet.

Expected both news this month but hoping the permit news arrives this week...

Desperation indeed! Couldn't put it better myself, I mean to post on a board where your not invested.. tsh tsh

I did say, hopefully end of this week, so I'm standing by that. It's great the Bod has got the funding sorted here, whereas we could of been in a similar position to Char and 88e. Well done by Mike, as I was one of the critical ones when we raised but looking back now, it was a blessing!! :-)

Indeed. Hopefully, we can get that renewal by end of this week and get that rig mobilised 👍