Member Info for Mikeinmanc

It's certainly been unusually active over the last 2 trading days. I've tried a google search of the Indonesian oil and gas authority to see if there's anything about block award announcements but I haven't found anything that would suggest increase in interest. We'll just have to wait and see!

The CFO laid out the timescales at the investor dinner, and subsequently he did a video interview (for the benefit of those who were unable to attend and didn't fancy watching the recording) where he repeated the message. The video link was posted to this board at the time I think

If you're told something will take up to six months, don't whinge if it does indeed take up to six months. Just wait and see.

The board have been pretty clear all along that the deal pipeline could take up to 6 months to solidify. That sees us into October. There's going to be a whole lot of whingeing on this board if the timelines run the distance....

The transactions were too large for bed and ISAs from what I can see

Tumbleweed.....

Ah ok, It's the Sillaro asset that is producing beyond expectations. Bezzecca was the flagship asset that was drill ready when Saffron launched

I'm not sure if you were around in the early saffron days but Bezzecca has most certainly disappointed The initial plan was to operate all three levels with an estimated combined flow of 30,000-35,000 cubic meters per day (scm/day) What we actually got were problems with water ingress and as a result significantly lower than initially expected flow rates

Bezzecca has been one big disappointment. Thank goodness the company has shifted its focus as in the old saffron days that RNS would have been a bombshell

it's been changed to 8,000 scm / day now.

It can't possibly be right having looked at the competent person's report. Disappointing.

The website lists Rapagnano as having an output of c. 80,000 scm / day Is this right? I didn't think any of the ex-Sound assets were anything to write home about- but this appears to be producing nicely

uh...why are you still here? can you answer the question rather than throwing around insults?

Why are you still here Gemstar? You made a big deal of why you "baled" (sic) yet you're still whittering on this forum

No use in having a zillion cubic feet offshore if: A) it's nothing to do with us any more And B) it's currently illegal to drill offshore anyway

Seems the smart money is on a termination of the PVO acquisition. Here's the wording in the admissions document again to remind us In order to pursue the Po Valley Energy Capital Reduction, PVE�s directors must be able to recommend that it is fair and reasonable to PVE shareholders as a whole, supported by an independent expert report. The Directors understand that such report is still awaited and there can be no guarantee that the report will ultimately be produced in a form suitable to support the transaction, or at all. If such report is not sufficiently favourable, PVE�s directors may feel unable to make the required recommendation and/or PVE�s shareholders may not approve the Po Valley Energy Capital Reduction. Accordingly, and notwithstanding that PVE is obliged under the terms of the PVO Acquisition Agreement to convene the shareholder meeting, there can be no assurance that the report will be in a suitable form or that the Po Valley Energy Capital Reduction and the sale of PVO will go ahead as envisaged in the PVO Acquisition Agreement. This document has, nonetheless, been prepared on the basis that the PVO Acquisition will progress as specified in the PVO Acquisition Agreement. The Company will make a further announcement when the report is published or if it receives confirmation that no suitable report will be forthcoming. In any event, the Company will update Shareholders before the General Meeting. In the event that the report is not issued and/or the PVO Acquisition does not otherwise go ahead, the Company will publish a supplementary admission document in accordance with the AIM Rules as soon as possible

It would be better if we didn't proceed with the Sound assets. Their best prospect- Laura- cannot proceed until there is legislation change in Italy.

not particularly keen on waiting til Monday to find out though....

ok, i'm in for guessing.... I reckon it's heads of terms for the first indo investment

I wasn't going to post all that publicly as my recollections are somewhat clouded by the large quantities of wine that I consumed so I've only posted the points I am entirely sure are accurate reflections of the conversations.