Member Info for Moneylender

If all the analysis re RH is only half correct,. then he is about out, maybe a million or two left. His selling obviously has spooked the market over the past 18 months but now we are coming to the end of his influence then the bod should have stepped up, both with the disposal of his stock but more importantly the forward planning and road map that they have missed, putting forward a realistic time table of events. The missing of virtually every target in 2018 is just unacceptable, especially as they rewarded themselves handsomely for reaching a manufactured 7000 bopd at year end 2017.
I added to my holding this morning only because the P & L account is moving forward at a positive rate and is generating huge sums of cash, but the cash must be put to work.

Had intended to top up this morning but will stick with what I have now. Death spiral financing is precarious at best.

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce results of Mobile Metal Ion ("MMI") sampling over the Scallywag gold and copper target.



The Scallywag target, located within the Company's 100%-owned Havieron licence, consists of several magnetic anomalies over a large area of approximately 6km by 4km, each with the potential to host gold, silver and/or copper mineralisation. MMI sampling over the Scallywag target was completed in late Q3 2018 and the results are reported below.



The Scallywag target was selected for the first phase of a new exploration programme in the Paterson designed to test the multiple regional targets, many with a similar geophysical signature to Havieron, that were identified by a review of regional geophysical and geochemical data conducted last year by Greatland (see announcements dated 13 August 2018 and 17 August 2017). Greatland's first drilling campaign at the Havieron target (6km east of Scallywag), returned excellent results including 121m at 2.93g/t gold and 0.23% copper from 497m (HAD001).

Cheers Tiptop, was aware there were some at 5k but didn't realise they first flowed at 8. Looking forward to next few weeks too risky to play the spikes and dips so sitting back and waiting.

TipTop can you tell me who has got 8k bopd out of Djeno or at least point me to a link

TIA

they expect to hit R1 region in 7-10 days, thats when the fun will really start. we know there is oil in R1 and Mengo as we are producing from R1. Mengo has oil but is tight and it didnt previously flow, this time we are hoping for a result. Success in the first two targets should give us potential for 25-30p, if Deno comes in then this could go 50p quickly as route to market is all local and in place.

fjones40,
R1 circa 300-500bopd
Mego circa 500 - 800bopd
Djeno anywhere up to 5000 bopd

Vanji will depend on the other 3 targets success but if they go for it maybe another 1800!!

All of the first 3 plays are producing nearby.

1st Target R1+R2 90% COS
2nd Target Mengo 60% COS
3rd Target Djeno 25-30% COS (Worth a note that new TLP103C well location has much better target hit for Djeno as per seismic survey)
4th Target Vanji(if AAOG decide to go deeper) COS unknown but tested ~1800bopd nearby

The directors and major share holders hold well over 50% of the company, so i dont see
any takeover until GC and JW get the price they want.

GGP have another look even @ 1.15 but be quick!

Thanks Doc, normally use £££am but they didnt show the two bigies so I switched here and it was sooo different!

Interestingly comparing trades in £££am and lse, lse is or appears to be 15 mins delayed. I didnt realise that.

Or may dip below this afternoon!

Missed this off previous post.

· Total production was 215,481 barrels of oil ("BO") during the Period.

· Average daily production was 6,971 barrels of oil per calendar day ("bopd") during the Period.

· Peak daily production was 7061 bopd during the Period.

· 2017 year-end exit rate production is in excess of 7,000 bopd.

· Average daily production in 2017 on a calendar day basis was 4,862 bopd, broadly in line with guidance of 5,000 bopd.

Bigsmoke.

The 2017 eoy production was 7000 barrels, achieved for ONE day only, since then it has declined at a steady rate to our current situation of circa 4850. the target for 2018 is still 10k bopd and 2019 circa 20k bopd, when GC has publicly said he will consider a divi. We need to step on the gas pedal to hit this years targets.

The question one should ask is why is the full board out there, not just for a spudding surely?

JTD, having met with all three of the main board and even had several pints with them, I did not consider that they are incompetent and still do not. Neither do I think the past 12 months cockup were accidental, weather made a contribution but other oilers in S America were not so badly effected. My conclusion is its all contrived, the question is why?
Partly must be the reason to hurt RH in his disposal and thereby allowing the bod to regain worthless options at even better prices.

I hope your view that one or two II's are getting fed up with all the shenanigans and are putting their foot down, they two and a half months to pull it all back. you could look at it from another point of view and that is there are several distressed companies in Colombia and we do have cash and facilities to take advantage as Baysil has suggested.The master stroke for me is the OBA and its ability to drain most of Puntomayo at less than $10 to transport competitors oil. Still holding all my shares and intend to add once the fog has cleared.

Referring to pintadillo first RNS that dropped the price 20percent, only to be followed by second RNS a week later saying they hit 590 bopd, that gave a zero boost to the share price. Accidental or contrived??? Missed targets, one drill sofar this year, 12 scheduled. Accidental or contrived??? End of year production of 7000 bopd (2017) achieved for one day, LTIP awards given. Accidental or contrived??? Current puntamayo production 4000 bopd accidental or contrived???! No operational update, accidental or contrived? The possibility of a mbo are now starting to give me concern. The performance over the past 12 months is startingly shocking.

GC has already stated our 30% is not for sale until the field has been fully evaluated.

NO, in the biggest capitals I can find!