Member Info for MTSparky

1000 boepd is not unreasonable. Fingers crossed.

Maybe VAS-10 flow test results have leaked. Looks great 👍

I assume if VAS-10 is good production then they’ll keep drilling more holes. Production could go up quarterly. ;0)))

......Or something? Some strange trading going on. Not complaining though!! 30p/sh would be nice to see.

If this news doesn’t get us above 25p I’ll be shocked. Hope seller is done. Might be some selling into spike. Be patient!!

Would buy ~3000 boepd in North Sea. More production on another site would be amazing.

It sounds like VAS-10 has encountered gas anyway. Don’t know flow rates but no dreaded plugged and abandoned!! ...;0) $40m cash buys decent assets and lots more production. Still hoping for an offer to come in for RPT. You never know !

Unless the new CEO is Moses I can't see Tschudi re-starting.

If VAS-10 is successful this opens up so many possibilities. Fingers crossed.

...wow

RB where in lakes did you go?

A few weeks back we climbed Helvellyn. Took me dog and I had to climb down Swirrrel Edge with him under me arm, nearly killed me !!. Amazing views from up there though.

Thanks mate, you are very welcome. I wish I had been there with you at AGM drinking with Cochran, next year deffo gonna go.

My belief has always been in Cochran & co to deliver. One look at his CV and history tells you all you need to know. This guy won't be thinking £75m, £100m, £150m M/C he will be going beyond that IMO and then he will probably sell the business. He looked at the outlook for oil with clarity and honesty and said oil is finished, we are going for gas. Its more stable price wise and outlook for demand is good. He has a plan and he is acting on it, very pragmatic.

I hope we don't re-list too soon. I would sooner he get the company in the right position and then re-list with a more stable outlook and share price. I trust Cochran to do the right thing..;o))

Do any AGM attendees have a list of questions to ask? If they could share that would be very helpful.

Haha there's a nice Butlins in Aberdeen...lol

Let's hope this new deal they are putting together is even better than that one. The larger HALO become in terms of financials and assets the larger the deals should get. I imagine because you can use your assets as security against any finance deal. You would imagine that HALO growth should be exponential..;o))

Wessex Exploration (LON:WSX) shares rose as the junior revealed that its shareholders have turned their noses up at Total’s £71 million takeover bid. Last week, Total announced it had made an approach to buy Wessex with a 10p a share cash offer. At that time, it said that the Wessex board ‘would be minded’ to give its recommendation to an offer at that price, subject to shareholder consultation and in the absence of a higher competing offer. Today, however, Wessex revealed that having consulted its principal shareholders, its directors unanimously believe the current approach undervalues the company. Wessex shareholders consider the price of 10p a share inadequate to secure their support for any offer which Total might make at this level, the company said in a stock exchange statement. The company says it is fully funded for all its current requirements including participation in a Zaedyus appraisal well in addition to a further well to explore the scope of the new hydrocarbon frontier which the initial discovery well established. Total is one of three major oil companies partnered in the Guyane venture that made the large Zaedyus oil discovery last year. The other partners are Tullow Oil (LON:TLW) and Shell (LON:RDSB). Total is the largest stakeholder with a 45 per cent interest. Wessex owns a 1.25 per cent interest in the venture, alongside Northern Petroleum (LON:NOP) which also has a 1.25 per cent stake. Both AIM-quoted shares were on the rise following today’s statement. Northern shares were up 6p, or 7 per cent, trading at 93p each. Meanwhile, Wessex shares edged slightly higher to change hands just below the indicated 10p takeover price. In September, the exploration well found good quality oil in a turbidite fan system. Analysts believe the discovery has ‘multi-billion barrel’ potential. The discovery opens up the prospect of a whole new oil region. And it subsequently de-risked the venture’s associated prospect inventory offshore French Guiana, Suriname and Guyana. Earlier this year, the primary venture partners started planning a follow-up exploration and appraisal programme, which is expected to include 3D seismic acquisition and a drilling programme, scheduled to commence in mid-2012.

Also worth remembering that Wessex BoD were offered 10p/sh I recall which was about £75-100m as a takeover offer and they rejected it !! This offer was based almost entirely in their FD %. Granted there were a few dusters after that but if renewed interest is generated with higher PoO ????

Well if PoO keeps up maybe they can monetize FG acreage. Even more ££££'s..;o))

Said this before, but SADR could be HALO most valuable asset in time. Its in good geological company..;o))

There must be some. Never been lucky enough to hold the stock though. Are we sure HALO will re-list at £'s and not 12p? where it left off. Must be some test case it cant be the first surely?