Member Info for ma2brw

£200k buy after hours at 3.37p and the rest.

To lift spirits can someone in the know put a few oilers on a message that have gone fromm explorer's to producers and seem there Mcap rise. Think it might boost moral. I have only been around 3 years so don't know of all the successes.

If someone could list a few think it'd be great for our sore heads.

I might be naive but I defo expected a lift to 10/12p on EL and then a raise at 8p - but I thought very very wrong.

Are we expecting results from drill end of August?

Given 3D and BH.....we must have a huge chance of a good strike here. We've put everytbing in our favour as much as we can.

Things can definitely get worst - I think the team are doing fine tbh. But then again I have expected rises on every RNS and we got nothing - so if we hit 500 bopd I expect a drop to 1p.....for absolutely no reason.

Figures at 1800bopd with 3 wells gives a mcap of roughly 40p a share on a x5 multiple - that's only a x5 multiple.....

I am totally totally f'd to high heaven at the placing as it was far too low given the uptick available - any hqlf decent corporate team would have been able to pump a placing of 7p to be fully subscribed - look what BLOE managed to do.

Anyway once Bloe hit their upcoming target spudded 2 weeks ago and they rise I'll average down here to a more comfortable pysch level. I hate being underwater and having waited 2 years to finally see blue - I feel totally done over.

The question is do I average down from 7p as much as I can?

Lots of reading there - thanks for direction.

AJ where is the info on the BK11b wells so i can read up.

If the new well WR-B1

Flows at 350 bopd that's 10500 bopm @$70 circa $735,000 a month x 12. $8.5m mostly profit. Surely that pushes up the Mcap to $30m which is at least 5p.

Flows at 500 bopd that's 15000 bopm @$70 circa $1,050,000 a month x 12. $12m mostly profit. Surely that pushes the mcap to $40m which is 6.5p

Does that makes sense or is my fag packet redundant on this one.

That raise has been planned for a few weeks so its deplorable that it wasn't done on the same day as the EL RNS.

a nightmare...a total nightmare.

They should have raised at 5p.

Absolutely joke

I waited 2 years for that license to be granted and the share to move north to BE.....now the BOD has abused the PIs here. Better PR, better directorship, would be a better placing price. This is ridiculous. Should be 5p at the very bottom.

I don't understand why it's at 3.5p but in the long term we will have capital and not tied to anyone to grow the production base. Absolute bugger now but in 18 months we'll be laughing.

Absolutely....to be quite honest. He didn't need to include it. Could have kept us all and the market wondering. That way the price would have propped up.

At least we know he is honest as they come a spade really is a spade.

Does somebody know something we don't

I have emailed too

I agree with Doowaba - it's all been sorted in he background and now it's official legals can be signed which may take days/weeks and they'll be an RNS and interview.

I tend not to put much weight on charting for AIM stocks but ZM reckons 14p by end of August which is more like what I expected post EL. GLA

One for the Kids ISAs