Member Info for moneyhawk

21.27 - indeed, just shows you can’t believe everything you read on the internet, even from reliable sources such as Reddit and stocktwits ;)

Where does it say elko have taken/been given shares instead of cash?

All the information released would suggest elko have bought the shares, i.e. paid us cash for the shares.
“Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes”

https://clients3.weblink.com.au/pdf/88E/02355879.pdf

A 100:1 share consolidation would make it much easier. In fact we’d be above £1 a share if it happened now

I think the origional time line may have been misinterpreted by many. Apart from the spud date, we're on track. My take is that it didn't mean 1 week to drill to 1,500' AND install/test the blow out preventer. It should have been read as drill to 1,500' and then it'll take 1 week to install and test the BOP.

The announcements during the process suggest that we probably got to 1,500' around the 15th March, and the update on 15th March said the BOP work was estimated for completion on 21st March, which is about a week.

Sure enough, the update today is that the BOP work is complete as per the 15th march update, and now drilling ahead.

I don't understand what you're saying. We're up 30% today. That would suggest there are more buyers than sellers. If everyone was selling, we'd be down a lot, not 30% up.

Has the plan changed again for Harrier 1? Last week it seemed very unlikely, but the RNS today is again saying it may commence immediately following Merlin 1. Reason for the extra cash being needed maybe? Or has someone just cut and pasted the wrong text from a previous announcement?

"The Merlin-1 well was spudded on 10th March 2021 and is targeting 645 million barrels of gross mean prospective resource#. Flow testing of Merlin-1 is planned, if wireline logging confirms a discovery. A second well, Harrier-1, may commence immediately following completion of operations at Merlin-1, subject to results from Merlin-1, schedule and permit approvals. Harrier-1 is targeting gross mean prospective resource of 417 million barrels#."

dazzle, it shows volume on the desktop site, but not on the mobile site. Currently showing about 211m

9.37 - Not the case Lti. Clay was at winx that prevented the flow test, nothing to do with charlie 1 and PMO. PMO walked before any real analysis of the charlie results, that quick decision could have been more to do with the desperate financial position they found themselves in after the collapse in oil prices at that time and well known problems with their creditors.

7.56 - where does it say Erik is taking shares in lieu of payment? It reads to me that he’s buying shares, not being given them

That’s what I don’t understand guzz, he’d have had every opportunity to buy more for less in either of the last two placings. So why now when the sp has more than doubled in the past week?

Maybe Erik has been reading the Reddit posts, and decided this drill is worth buying into, lol

The guy is crazy, 'predicting' SP of $7 within a year. And people say the idea of a £1 party is bonkers! From stocktwits:

"sackymacky
Bullish
3/19/21, 02:15 AM
Fam, here are probable with timelines 2 Mo -> 6 Mo -> 1 Yr

$EEENF
$1 -> $3 -> $7 with 1.6B Barrels Sold"

16.53 - not sure that’s really the case. We don’t know why DW is leaving. But one thing we do know is that the objective he was tasked with was to prove up assets as being commercial and sell on. Neither has been done yet.

Yes its up, but soaring?

https://www.cnbc.com/quotes/EEENF

Going by the last annoucement, highly unlikely there's any signifcant news coming today. At the absolute best, we're running ahead of schedule and drilling to 6,000' has started earlier than was expected a few days ago.

"Once the well has been deepened to 1,500 feet, casing will be installed and the Blow Out Preventer system tested, which is estimated to be completed by 21st March 2021. The well will then be drilled through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000’"

now almost 20% up and seems to be rising fast. Midday spike?

Does seem to be rising, up 9% now

10.42 - Perhaps you should send your text books to Baker Hughes, who we used to analyse the Icewine 2 data and advise on it. Maybe they missed something. lol

9.46 - Still looks pretty active to me across the various sites we've appeared on. I think this is just the lull before the storm, they're going to go nuts with hyping it on the first news of any sign of oil from logging, imo.

19.13 - very improbable that is what’s being traded. The numbers just don’t add up.