Member Info for MTSparky

...Wow!

you can buy 100k online, above that is NT

..depends what the news is of course but 1.5p would be marvellous !!...;o)))))

some stonking news due me thinks !!!

...could be some press at the weekend?

can't buy so we should see a tick up today. 0.45p for 100,000.

yep he has quite a lot of funds available I think.

My money is on Warren Buffet or Goldman Sachs. They are loading up.

The oil is there proven but at one drill reservoir quality was poor and water had got into it. Produced about 20,000 barrels per day didn't it?? I would imagine Cochran's backers will be on board soon. Some decent holding RNS' would be wonderful.

"SC 54A In early December 2011, 73 full-fold line kilometres of new 2D seismic was acquired over the greater Lawaan and Libas Prospects. The objective of the survey was to determine if the two prospects are connected structurally which would further upgrade the potential of the larger Lawaan Prospect, which is currently the leading drilling candidate in SC 54A. Prospective resource oil-in-place estimates for Lawaan and Libas are currently 34.7 million barrels* and 12.0million barrels respectively (gross, unrisked, mean volume). " ....that's potentially $1.4 billion worth of oil at say $30 per barrel. 15% of that and say only 70% recoverable is £92m for Wessex. Lovely Jubely ...;o))))

..is it 12m barrels total or 12m for Wessex? 10p/sh might be a bit high...lol Is $30 per barrel a fair price?

12m barrels of oil doesn't sound a lot but could be worth about £150m or more. Shallow depth cheap drill and oil recovery. Even with share dilution we could see 10p+/sh on success...;o)))) Happy to hold!!

News should come thick and fast now. All this waiting will be worth it IMO. Once Cochran is officially on board the money will come rolling into WSX.

We shall have to have one if the proposed offer and take over by Cochran is dead or revised.

...the license has now expired. Now what? BoD's need to update shareholders, this is a bad joke.

Has been quiet. Next RNS could be from him at this rate. It's not looking too good atm is it. BoD's need to give an update ASAP IMO.

Global provide a quarterly update and Q2 is due tomorrow. It may contain an update on J de N.

morning mate. Yes French G or Juan de Nova could kick off. Shame about French G but its not dead yet. Global Petroleum operator of Juan de Nova report an update tomorrow so could be interesting.

TULLOW - Madagascar In Madagascar, a farm-out of Tullow’s 100% owned Mandabe (Block 3109) and Berenty (Block 3111) licences has concluded with OMV taking a 35% stake across the onshore licences. This deal is conditional on OMNIS, the state licensing authority, obtaining the required Presidential Decree on behalf of the partnership. A seismic programme in the Mandabe licence (Block 3109) will commence later this year or early 2015, after the rainy season, and a well in the Berenty licence (Block 3111) is currently planned for 2015. AFREN http://www.energy-pedia.com/news/madagascar/new-160349 Madagascar: Afren to commence a multi-well coring program in Block 1101, onshore Madagascar Oyster Oil and Gas has been advised by the Operator, Afren, that a contract has been awarded to UK based ALS Oil & Gas Group. The contract will include a multi-well coring program in Block 1101, onshore Madagascar including the 'twinning' of a reported 1902 'discovery', which was the last well to be drilled on the block. The program is designed to achieve a number of objectives including the recovery of some 2,000m (6,500ft) of core samples. The Program is scheduled to commence in late August 2014. Oyster holds a 10% working interest in Block 1101. Michael Wood, President and CEO commented: 'Oyster is excited about the hydrocarbon potential of Block 1101. Several exploration targets have been mapped with mean resource volumes estimated to be greater than 2.2 Billion bbls recoverable (un-risked). The joint venture has been working closely together to define and develop the exploration program for Block 1101 which will include the drilling of a world-class exploration prospect in 2015; the 2014 drilling and coring work forms an integral part of the Block 1101 exploration strategy.

The French Guiana drilling programme was completed in 2013 and Tullow is currently incorporating the results from the 2013 wells into our geological model so we can better understand the considerable remaining prospectivity and determine the future licence work programme.