Member Info for MTSparky

despite the relentless "selling" you can sell your entire holding in one go. Shameless.

ii probably shorted the stock so win anyway.

didn't he say " the board were discussing it". I am not sure he confirmed a payment would be made.

I hope there is a dividend to be had but with CAPEX for Arran needed plus another acquisition being sought I am not too sure we shall get one. Also with the directors holding a lot of shares do you think this could be bad PR?

Thank God for that. Put some perspective on things.

I can sell my entire holding at 30.5p, sellers being robbed IMO. Massive over-reaction. We need I3e to provide their comment/analysis rather than PI guess work. still 13mmbbls reserves on the books which is worth far more than the current m/c.

Some analysis and comment on the RNS from I3e is needed ASAP.

What value should be attributed to the phase I 13mmbbls of reserves then?

That is true. The next I3e well is L2 on phase I and is a production well 13mmbbls of take via Bleo Holm. Take reserves to 80+mmbbls and 32,000 + bopd. Plus Arran 7,000. AA Might be tempted although he prefers gas.

Olderandwiser the way I see it, the next well is L2 on phase I and is a production well 13mmbbls of take via Bleo Holm. Once L2 is done and the oil is flowing the SP should recover, 10,000 bopd. I3e could always sell this to say RRE. What are your thoughts?

Maybe RRE will take on phase I of the Serenity prospect off i3e, 11 MMbbls 2P reserves and adjacent to Blake. About 10,000bopd for a few years.

Hence why A3 is located smack in the middle of the phase I and II area. They can now scan east and west through phase I and phase II. They will learn so much from this well and hopefully prevent loss of capital going forward.

BigBiteNow yes as I read the situation Phase I is not affected so 11 MMbbls 2P reserves still on the books. This is still a fair amount of oil to recover so phase I should still go ahead to production as planned. Phase II needs a bit more work and Serenity un-affected.

A3 appraisal well intended to de-risk 42 MMbbls contingent resources and 90 MMbbls prospective resources in Liberator’s Phase II extension.

Phase I remains - Phase I targets c.11 MMbbls 2P reserves based on two producer development from within Block 13/23donly

Dana drill Nov 2013 - Liberator was found to have 24-feet of net pay at the top of a 316-foot thick high-quality Lower Cretaceous Captain Sands reservoir with super-high permeability greater than 2 Darcy’s.

RNS - The lower Captain sand is present in the well and is below the estimated oil water contact as expected.

Thanks pal. It’s my new investment strategy, just follow olderandwiser around LSE...lol....;0)

Looks like a bit of de-risking today. I couldn’t resist jumping onboard though, the numbers and COS were too tempting.

I've just bought another chunk. 3x bites at the cherry so worth the risk at this stage me thinks.

A3 appraisal well expected to de-risk 314 MMbbls STOIIP. A lot riding on this...good luck folks!!…;o))

56/57 now. Just added some more to the old portfolio.

I got in earlier too. Can't buy online now but will buy more today. The numbers are incredible if it all goes to plan..;o))

Morning 1750. He was also noted in the interview that Andrew Austin had edged 75% of their Dutch gas production . That was a great move in hindsight and halo should’ve done the same .