Member Info for MTSparky

Be very good for WSX if Otto Energy drill SC55 and strike recoverable oil. Planning and preparation for drilling of Hawkeye in 2015 has commenced, including steps for the acquisition of critical path long lead items.

Don't forget the $1m from HALO is not included in the cash figure of £1.9m. HALO brings US$1 million in cash and a 15% interest in the highly prospective Service Contract 54A ("SC54A") in the Northwest Palawan Basin, offshore Philippines.

http://www.energy-pedia.com/news/philippines/new-161705 ....The Company continues its farm-out process to secure quality joint venturers to participate in the drilling of the Hawkeye-1 exploration well and looks forward to being able to provide an update on these discussions in the near term. Planning and preparation for drilling of Hawkeye in 2015 has commenced, including steps for the acquisition of critical path long lead items. WSX could farm into this acreage. SC54 needs the drilling date bringing forward IMO. Add some value.

Well done mate, I could do with some luck like that. O&G is really down in the dumps. With WSX I reckon it could explode in value with the right news. Cochran should be providing plenty of that in the months to come.

Congratulations chap. Lets hope we get some quick progress here and make our Christmas.

Totally agree. Set out a time table and plan going forward. Our current UK and Philippine drill targets are too far off 2/3 years away. WSX need to bring forward drilling plans and target new acquisitions with near term drilling to really boost WSX value IMO.

This is the key for the next 1-2 years. Price of oil dropping means low cost low risk oil exploration will be in demand IMO. Any on-shore or shallow low risk offshore drill targets. WSX has shallow low risk offshore drill targets in UK and Philippines...;o)))

Its makes total sense to return to French Guiana. They already have a discovery in the bag so another find would commercialise it. $300m is about 3x deep offshore wells. With farm outs that could stretch to approx. 6-10x wells in 2015.

UKOG +16% today WSX potentially has multi-million barrels. If fact we deffo have multi-million barrels in French Guiana. -12.5% today is a shocker.

no why? something relating to WSX??

WSX is massively undervalued IMO. Cochran will not be giving away chunks of his company for peanuts. Placing price of 1p/sh only values WSX at £10m. FG must be worth at least that.

maybe that is what the MM will do, just increase SP gradually over a period of weeks. Any placing will surely be around 1p/sh?

you can buy and sell shares without NT

What ever trading has been going on behind the scenes appears to be complete now. A holding RNS should set us off nicely...;o)))

buys IMO. Earlier it was NT on any sell quote. 100k sell offered 0.5p

RB what a find!! a FREE carry on exploration of mulit million barrel acreage?!?! Now we are talking..;o)) Adjacent 500MMbbls producing acreage. WSX value is going to explode at some point. Sit and wait for the news to flow IMO and don't forget WSX are ISA-ABLE. Tax free profits!!

..must be a screaming buy at this price. £5.8m market cap? 1. Philippines. 2. South of England. 3. French Guiana. All valued at £2m? French Guiana oil discovery could be worth 10's of £millions. It just needs more exploration commitments from the operator Shell which would monetise the acreage for Wessex. Some drilling commitments for the other assets and the NAV of WSX should increase. Some new broker notes wouldn't go a miss. Final results would reveal cash position for us.

...and you cant sell. MM wants to put off any trading for sure.

As soon as there is any buying volume the MM opens the spread and trades go to NT. This happened Friday. Something is brewing. Good things to come. Good point about Wytch Farm. WSX are undervalued IMO.

Over a year since 3d was completed. Be great if we can get an updated work programme from Shell. This asset must be worth £m's to Wessex. WSX were offered 10p/sh previously. Which was £70m at the time. If there is a placing, the offer price could be a lot higher than where we are now. If Cochran can sell FG asset to Shell we won't need a placing at all...;o)))