Member Info for miker444

Kiwi, thanks, once drilling starts it woul probably be against all the regs to stop halfway due to the 'clock' and it would make sense for an extension to be given even if it incurs extra costs / penalties.
We shall see.

Not sure but Coralian must be used to this scenario, hopfully once spudded there is no going back and drilling will commence, 40 days may be an allowance maximum, I notice Wick took about 17 days from spud, abeit a duster.

Yes, looking at rns it is a production test flow rate (pre - drill) and just wondering if mm's will not move the sp until actual drilling / production.
I know the flow rates have been proven and exceptional rates at that but perhaps mm's view it as a test and no revenue flowing in to the 'coffers' yet.
I disagree with that scenario and think the sp should have comfortably pushed through the 1p mark but also know how erratic the mm' can be on fantastic news.
It doesn't matter in the bigger scheme of things, we have so much news in such a short space of time, also a lot of cash to add to the portfolio.
atb

lucky2 thanks for that mate

Weather permitting roughly how long on would it take to tow the rig to he south coast, a couple of days?

adouleuk indeed and agree I was being tongue in cheek mate.
Chrishutch, I have been waiting for a tug for bloody ages, I wonder if Anita from Vox.........
:¬)

Thanks chrishutch but tried chrome also to no avail but not a major issue as I can guess the content just irksome. Have listened to the podcast on Malcy's blog with no problems whatsoever and like the bit where Steve states that with VG-4 he would have been happy with 100 bopd let alone 500 so it ddn't just exceed expectaions it blew them away.
It sounds greedy but just wondering if that flow rate has tempted them for the possbility of a VG-5 ! after all VG-4 was not originally planned and only proposed due to the success of VG-3.
:¬)

I can't play it either, freezes after a few seconds and times out. Might be my PC but strange some posters can play it and others can't.
Might just be down to streaming speed of individuals network / PC processing.

Jay you are pretty well spot on, the RBD presentation gives the NPV for West Brentwood as $25m, with the cash in the bank as well then we are underpined her at the lowest estimate. Everything else has not been factored in.
atb

Hi aj fully appreciate the 50% but we were getting 70 bopd from the little workovers so I am looking over all the rns's to try and get an accurate total, I think it all comes to more than 350 bopd, eitherway so long as they meet / exceed expectations then the NPV should follow.
atb

Hi ajbennet I make it $15.3m per year on 700 bopd ( turnover not profit @$60 a barrel) plus $1.5m per year gas, again turnover.
If all the California assets come good then the NPV is circa $235m to RBD, 8p a share, once cashed in, that's the important thing to remember, we only get that reflected (fully) in sp once sold / monetised.
atb

than UKOG and look at their MarCap. These are exceptional rates, we will not see the full sp true value until we monetise / cash in but its now part of our portfolio to do that as and when Steve & Sachin decide.
atb

That temp was recorded at Karratha which is on the coast next to Port Hedland so not too far from Havieron.

52.2c at the weekend, that is hot even for Australia.

No, Primorus, MTR have bought in and Sprott Inc specialise in gold exploration investment and have actually been to visit site, they are based in Canada, for me that is enough interest for me to hold.

Have to agree in that David Lenigas is the Executive Chairman of Artemis Resources who border us on 3 sides of Havieron, its in his interests to promote GGP to highlight what Artemis may have due to their close proximity / neighbourly location.
He cannot undermine ( no pun intended) GGP.

Spy, yes I know mate I was actually responding to chartbuster , I have lost a fair bit through suspension in the past, it gives you a steep learning curve!
Hopefully I will make up a lot of the losses here.
atb

I have been invested in several shares on AIM which have been suspended for different reasons, in this instance GGP ( if suspended which I doubt will happen) would probably be suspended to prevent manipulation of the sp and would re-list on a totally different sp.
Therefore if invested you would be 'locked in' or if not invested you would be 'locked out'. Eitherway you are unable to trade whilst suspeneded.
Unfortunately the ones that I was invested in were suspended for the wrong reasons and the suspension was not called by the Company but by the regulators. They went in to administration and ceased to exist / did not re-list.
Boxhill Corporation ( BOX) is currently suspended, just an example.

Hi crazy whilst we wait for assays / news I don't mind adding to your post to wile away the time.
I bought in at 0.585 and very happy with that, more so that i bought in and saw it go to 2.5 in a few short weeks, the timing whilst perfect was pure luck.
I didn't sell a single one for profit nor top slice also when Newmont walked ( the fall was so rapid) as whilst it plummeted it did not go a lot below my buy in price.
I have held and we are not far off our highs again.

0.585 :¬)
atb

Gervaise does not normally go for a Friday and to be honest I would prefer a Mon / Tues as the weekend shutdown from the stock market point of view could stop any momentum in its tracks, rather have the rest of the working week for a few days of trading to allow sp to continue, upwards of course (if its a good news rns).