Member Info for muscat

Its outside his control and with geopolitical factors now coming into play oil companies are more concerned about current operations than trying to get new deals across the line.

That's why nothing will happen until at least 1Q 2020. trying to tied up both will take months as we have already seen - 4Q 2018 then 3Q 2019 and still nothing. As time goes on funding will become a problem hence the low sp - expecting further raising at deep discount to current levels probably with a few warrants thrown in to get it done. If and when FO agreed expect share consolidation at the same time.

Price quoted all depends upon how they are positioned and the size you are dealing in.

I expect they are putting the finishing touches to the share consolidation that will go with the deal. That way he can say the deal out weights the share consolidation cost to shareholders. Expecting at least 100-1. It has to come at some time so do it now and get it over and done with.

Oil exploration expected to pick up by year end. Currently focus is on renewables - tv, politicians full of it. Just a fad as those of us living in the real world see us 20/30 years away from any meaningful move. Who wants to fly in electric planes/ships. Cars going electric is to enable the governments to control the population- no one can travel very far as you need to recharge. Just like the communists controlled the people- at least they were honest about it. As the oil supply comes tighter due to geopolitical factors ,companies will be falling over themselves to get new finds- lets hope we don't sell our selves too short.

At least he can find a guokkas, shame he can't find oil.

its very simple - everyone can read its just another figure that means nothing until its proven. Could be 10b barrels but to date we can't even find 1 barrell.

HL hold accounts they don't make a market in the shares so what are you talking about. They just get quotes from the market makers and reflect them to their clients to trade or not at that moment in time.

What the hell do we want another revised presentation for, todate they have been worth less, showing all that potential oil but results in nothing. We need and farm out deal or explanation how he's going to fund further operations. No money no company its that simple.

Don't worry the chances of them fining salmon is pretty remote. First they need to spend millions doing surveys, then raise more funds and then try and sell the salmon before they find it. Whole company becoming a joke.-sorry is a joke.

May have put in a large amount of work but we need results- so far no forthcoming. Oil all over the place but can we find it no. They can pay my siffer dog 10% of their salaries plus free bones and she will find oil in no time at all. Also what she will also want is some of those cheap options. Standing bye for the call or email doggyoilfinder@ gmail.com

At last we have some clarity on whats going on. Now it is just a waiting game its that simple.

Massive share consolidation probably 100-1 and new share issue. The farm out partner will take up the new stock and gain major control. Then if they find anything will take out the company on the cheap. Long term shareholders will get something back but will still nurse heavy losses. Thats the way these stock go I am afraid. So expect to see many sellers on any upward movement in the sp. This cream the curve should read cream the shareholders, because that is what is happening.

2-3 months and if they used the new technology probably half that time.

Looks like no farm out. With this leaving limited funds for further development I expect to see an opportunity for someone to take the company out on the cheap. Probably paying not much higher than 2-3p. Decisions on farm out do not take this long so must be said its not on.

Bad news if he does as it means a fund raising.

Icewine conventional nothing until 1q 2020. Yukon nothing until 1q 2020, Icewine unconventional 3q subject to any farm out. Be nice to see in his next report how to spice this lot up when we are months away from any chance of finding oil. So three more goes subject to funding over next year. So no rush to buy shares for many months.

Farm out is taking too long, appears to be dead in the water. Now great we have Yukon but means nothing without further funding. Can't see PI's putting any more money in so has to be a placement or take over at very cheap price. this will result in either straight cash takeout or massive dilution of shareholders. We have to now accept its game over and move on.

he was the first great inside trader. He knew the out come before anyone else so it was a one way bet.

fully agree. How is he going to fund any further activities as I can't see any PI putting up further monies as seen by the take up in the last rights issue. It does not take this long for a farm out to be done so you can now right this one off. Now needs someone to fund further activities which will probably cost us the company. Sorry for those with shares is isa's as you can't right off the loss against profits elsewhere.,