Member Info for miker444

David apologies looks like I copied your post mate but was typing and then posted before seeing yours but I do think that we have hit the nail on the head, quite simply how long will it take, weeks / months.
atb

The only thing missing from the RNS for me was the timeline ( roughly ) on how long it is expected to take for the gas pipeline tie-in. We know it flowed at 480 bopd at a reduced choke from 1080 bopd so as stated in the RNS once the gas is sorted we should be back to 480 bopd or who knows the oil & gas separators might even allow for an increase on that.
Sounds like more gas than they expected so a bump up in cash flow there also but as I say it would have given the market more solidity with an estimated timeline. May well get more detail in the way of that from Steve or Sachins next podcast.
atb

Thanks Badger, didn't think to check ADX, senior moment.
atb mate

Last RNS regarding Parta stated the Environmental & Construction permits were expected one end of March & one end of April.
The consensus was that whilst not a formality they would be approved , my question is would it require an RNS release once the decisions had been made by the envromental authorities.

Hi bob, yes the sp may suffer a little dip on the suspension of West Newton but just think Rathlin are being totally transparent and afterall the reason is they are waiting for a part so a small hold up time wise.

I am looking forward to the number of drills that Steve and Sachin are looking at with Monroe Swell. They stated the words 'aggressive' on future planned works so do think as discussed before on here we could see 10 wells in total, its that which will bring the 1000 bopd+ when all up and running. Anything over 200 bopd per well is an absolute bonus as our 50% will net us 100 bopd for every well.
atb

Oops, my point being I am happy for rises not on news as it brings us to a better base level for another leg up when / if the news arrives.
atb

No need to apologise mate, my poin t being I

Possilby Obelix, they need 18m for 3% and they may have already been holding, its been a good week and nearly made up yesterdays losses.
If Greg is correct and we still have 6 weeks for news, other than Colter, then even rises half of what this week has brought will get us back to the placing at .45p, just hope it continues nice and slow / steady, no spikes.
Good weekend mate.

artyth i know, you would think seeing as we already have bought the shares and hold them in another account then it would just be an instant electronic transaction as we are entitled to the current years ISA allowance.
Have to agere what it has done though is given us the spread 18.18% in favour of number of shares from BID to ASK so alls well that ends well.
Regarding the tank separator colours I really like the purple and sky blue, up the hammers!
Good weekend everyone.

Hi Simon yes the £19.99k 3,628,730 share is my Bed & ISA, Has taken since 9am Monday! and I was having kittens that the sp was going to move significantly upwards before my transaction but chuffed to bits to get 0.55p. The week has dragged trust me I have only looked at my ISA account every 30 mins since Monday lol!
atb

That's the enigma, what is going on behind the scenes? Keeping feet firmly on the ground because there is only one definite scenario attached to ADL that we know of and that is Colter South.

As nice as all the 'noise' is from India / RTO / Private Investment talk etc that's all it is at this moment in time, even if it is true and we have investment in India or wherever it could be back to the start of investing and waiting for drill results and be many months down the road before sp is affected.

Don't get me wrong I will take that any day, every day but the reality is we are relying 100% until then on Colter South.

If we can get anything positive from Colter then we can relax, either sell up and get back something or even a profit or stay with the ride where Colter success and new investors take us with new ventures.

Not a negative post at all, I remain positive, just being realistic to what we have all experienced numerous times on AIM with expectations being dashed on even higher success potentials than this.

atb

Thanks chris h, it was 'free' money in that i top sliced profit elsewhere so I won't lose my shirt mate but nobody wants to lose money eitherway.

It's sobering for me that my £55k got me just 6m shares (1.1p) and if I had done it at 0.16 like BMD i would be holding over 34m !! I would have had TR - 1 fame as well lol.

Still I assumed I had lost the lot so will be pleased if I can get back somewhere closer to my buy in price, like a lot here I would imagine.

atb

Hi chris h I am not on twitter and I am not saying its true or not as the case my be just if a sweeping statement is made then why not add a little more meat to the bone. It of course could be akin to Greg25, who I have a lot of respect for, that detail would be price sensitive or considered insider dealing. Some are more privvy to 'rumours' lol.
Anyway mate it looks like your buy helped drag the sp up a bit this afternoon, every little helps :¬)
atb

Just wonder if anyone can elsecan verify if there was an actual meeting today and why, certainly from the moment of that tweet the effect on the sp was negative. Of course talk / twitter is cheap and it may have not happened anyway.
The only thing we can say for sure is irrespective of good or bad we will know the outcome of the Colter South evaluation findings in a couple of weeks.

Back down to earth If the reports of a meeting are correct lets hope they haven't all killed each other, sp thinks so :¬(

Hi Obelix could just be a slower system / human input. personally so long as this retraces a little each day then that will do me, particularly if Greg is correct and we have good news in 6 weeks or so.
A long way to go and thats putting it mildly but the fact is mm's taking it up a little every day this week so something happening hopefully.

I did think perhaps mm's dropped it too much and this is a rebalance but to be honest we have nothing whatsoever other than Colter South ( that you and me know of ) and that is a toss of a coin so my personal take is mm's could put the sp as low as they want / cash value only so I came to the conclusion it's not that.
atb

Greg thanks again, if it carries on with daily rises and news is still weeks away then I think we will all be chuffed to bits as I don't believe its Colter making this move at present.

Thanks Greg, sounds a decent sized adventure and appreciate you cannot give more detail, I am not bothered so long as it comes off whatever it is lol !
Can you give at least in your opinion how long before the next RNS which in your words will 'smash the placing sp'. If not no problem appreciate the sunshine you are giving in all the doom and gloom even if it finally still ends up raining!
atb mate

Greg I take it the news has to be other than Colter and is new investment with private backers.