Member Info for MaverickD

Should now see the spread gap higher - looking for us to break through 10p and finish in the blue.

From the rise last Friday......9.2 ish, should see some buys fill at this level.

800k and 980k buys worked through so far

Pretty sure that a further CA holdings RNS will drop soon, along with a revenue statement from Hur.
Bond repurchase programme could well be announced, albeit sticking to the takeout option here.

Just think there has been a lot of buying. Looking forward to seeing the next holdings RNS from CA

Trice might be in play, but CA are investors and as such may be talking to other parties about potential They are unhappy with the current board and have openly stated that they have not engaged with them during this whole process.

Looks like we are finally making the last call at these depressed levels. I have topped up yet again. I want a seat on the board at this rate.

Takeover is all I am interested in hearing right now. Someone else will be putting money into Lancaster and developing the other fields!

@Notaflipper - Your summary covers my thoughts around the purchase. Brent soaring late in the day yesterday after our markets closed and holding this morning. Expecting a lot of buying today.

Still stand by the buy out from a mid tier peer - Chrysoar like I have said multiple times is my bet.

The problem with Hur is that it is hamstrung with the size of what they have and the need for investment.........will see a bigger med tier player step in. I look around at who is in the are BP wouldn't be interested. Spirit are in the process of being sold by centrica, so a no go. The 2 others that remain is Enquest or more likely, which is why i suggested Chrysoar as being a potential interested party.

Also a 300m+ tax benefit available to be utilized.

@Direemblem - yearly revenue would be $200m+
Current balance is approx $125M
Bond payment is $220m in June 2022 - 14 months time

Crystal Amber just bought 3% plus shares - so follow the money......unless you know better?

Well we have details of the buyer confirmed perhaps they are going to get their stake upto 29%? Who knows, but the MMs soaked up a lot of sells on Monday at 2.6p, so expecting some further larger buy orders being filled.

Current market cap is 50% of cash position according to my calculations, so logically we should see the SP get back to above 5p. With Brent also giving a helping hand, cash inflows will be well above expectations. Remember the CPR update provided guidance at a very conservative $50 per barrel, whereas most peers will be using $60 for the next 12 months.

I am still of the view that a bigger fish is circling (Chrysoar) and a bid will be tabled. Crystal Amber will see to it that this is not sold on the cheap as they have plenty skin in the game.......infact they are adding to their position.

Any sellers will now become buyers.......lets see how we get on today.

Yes it will be good to an update on cash from the latest lifting and a holdings RNS to confirm who is adding - expecting that this week

High finish for the day will go nicely with the positive move.

It is actually funny....but you will see the bid price and offer has ticked up. Next move higher. As a holder I am sure you are happy with the positive move.

Crusty that's how shares generally work - that creates the market. Matching buyers and sellers

It has been taking a breather, but steady as she goes and buys will be coming rest assured sub 2p is a bargain here. The area is gas and oil prolific - that's why ARA and some key players are interested. Will be good to see what Scir get for their 25%

I'm going with the latter as CA do believe that the sandstones are oil bearing from what I read previously

Wait for the holdings RNS to confirm who has been buying- Crystal Amber probably

It certainly looks like the MMs are soaking up anything they could of got at around 2.6p earlier. Although there were a few buys that were logged as sells due to the spread.