Member Info for miker444

RNS dated 18 Feb explains it all, short answer yes as the GOI wanted cash in advance put in an escrow account which none of the partners were prepared to do, contract not terminated yet by GOI but effectively as dead as a dodo imo.

Yes he obviously has bought in low and feels the only way is up but he will not be in control of making the sp rise disproportionately other than the little blip his TR - 1 may or may not have on it.
It still needs activity of whatever to make the MarCap not only go up but to underpin a new base level that only Colter South or other deals / private investment could give.
Love him or hate him BMD is not in the driving seat here.

His name is on the TR -1 so looks kosher, either way is he one of the private investment being talked about

Qestion is what made him take that volume?

TR - 1 Broker Man Dan as previous poster

Simple question guys is what will make it go up to 1p, we need substance but it does appear to be retracing slightly so as Greg says something going on in the background that we don't know of but mm's might? Lets hope so.
atb

Well Simon Gorringe is well placed as he is a director of Eagle Gas along with Paul Haywood of Block Energy and Alan Soulsby.

Greg I have to say that it is quietly apparent that less people are as vocal lately and it does seem that there is a resignation of perhaps, just perhaps all is not completely lost as was the feeling when Bunga & Badger fell through coupled with Colter North not coming up trumps.

Some belief in that private investment could be taking place and an RTO with Eagle would be most welcome. As for things occuring behind the scenes you may be better placed than most but we can but hope.

Yesterday's and todays rises a small step in the right direction but it can fall back just as quickly.Fingers crossed but a long way to go and more uncertainty than not but I remain positive despite the odds.

atb mate

Hi knicol, that would be nice, despite 11% rise yesterday and todays current 10% a lot of PI's, myself included, sp still a million miles away from our average of 0.9 / 1.0.
Not complainng, 10% a day for the next month will do nicely :¬)

Nothing but sells this morning and sp rises, must fall back?

Obelix sorry and there's me talking about a misprint!

Well spotted Obelisk, a misprint surely?

Not earth shattering but some decent buys coming in.

Thanks Badger

Once spudded do we know roughly how long it will take to drill the 1st well.

Basically that's all the finance sorted so nothing to hold it back, should be all systems go, solid rns.

very much in demand in the US as per previous posts why Trump is not totally blockading Venezuelan heavy crude oil. Not getting involved in spats between posters but the oil from both WB and MS will fetch better than WTI prices and more aligned to Brent.
Just need those production figures released, cant be long now hopefully this week.

Hi bob, if Monroe produces 200 bopd per well I will be extremely happy, with our 50% take if we can average 100 barrels then with 10 wells we hit the magical 1000 number.
For me anything above 200 is an absolute bonus, by the end of the year the market will be sitting up when we have multiple wells under our belt, its not impossible to churn out 1 well a month.
atb

I have seen a figure of $18 in a presentation, trying to locate it's exact whereabouts. It does seem extremely low but with onshore if everything lines up then it is possible.

Agree lucky think we can exceed 1000 bopd but always aim to be realistic.
ajb yes S&S have stated they will accelerate the drill programme at Monroe Swell where possible due to the 60m & 90m pay zones and size of acreage, as we all know they quoted that a similar sized area nearby has put 13 wells on.
As others have said it does not appear that you have to jump through hoops to get the regs & license permits so thats always a bonus.
Good weekend chaps see what next week brings.