Member Info for NewKOTB

Guys, the elective surgeries are still happening ... my friend this week had their knee replaced .... all good btw.

SQZ 120p elasticity is being tested to the full over recent sessions, none more so than today.

Eventually the perpetual re-testing of our elasticity will show .... and snap the BoT's hold.

Next few weeks will be interesting, so I have added more yesterday and today.... ;-)

NB: Brent >$68/barrel and gas futures steady at ~40p/therm

atb & imo .....

Hammering in the 'A' trades today ..... appears to be a heightened sense of urgency by the BoT !!

Once again, our SP closes down, great day for Brent and gas futures.

All my O&G producers I keep an eye on are up today, HUR +10%, PMO +5%, TLW +5%, BP and RDS up also ..... yet SQZ still manage to go against the trend.

All looking good .... ;-)

OPEC++ deal done by the look of it. Rollover for all members except Russia and Kazakhstan ......

Great news, should ensure Brent above $60/barrel for remainder of H1 imo

+5% ..... $67.25 ...... All hinges on OPEC++ agreement to roll over April and May production ..... Russia wants its cake and eat it though.

March will be a great month imo ....

atb

The future ..... I'm more interested in the next two weeks. .... :-)

atb

Wiggly,

"THIS IS A HIGH QUALITY ASSET and there will be bidders to farm-in..."

Quality of asset/s is without question, the tax break/holiday available and the exceptional fixed sale price of our gas (tba) will ENSURE a farm-in ..... I would go as far as to say CHAR and et al are already under NDA's as we are IMO, already in discussions with multiple parties.

aimo

Naps,

"That trade's ten year anniversary today then NewK! :-D...."

Better not tell the wife that, she'll be wanting a Diamond as an anniversary gift ... with a SP of 10.3p, it will have to be Tin I'm afraid ..... lol

atb

Indeed we hit mid high of 319.9p on 4/3/11 .... on next session opening we created a gap at 294.25p.

They do say always best to set yourself objectives .... AP, there's one for you !

atb

To be exact 292p @ 10:45am ..... lol

To my consternation .... I can confirm on 3/3/2011 CHAR was at least 292p .... :-(

CHAR had ~180m shares in issue post placing for 36m shares at 250p/s as of March 2011 which raised £90m.

So based on SP of 324p/s, that's MCap of ~£583m in 03/2011 vs today's of ~£41m

CHAR had ~180m shares in issue post placing for 36m shares at 250p/s as of March 2011 which raised £90m.

So based on SP of 324p/s, that's MCap of ~£583m in 03/2011 vs today's of ~£41m

Super Deduction .... has to be a major driver here now and totally left of field to progressing a deal, without question.

aimo

"“Our shareholders want a 10x share price event and that’s exactly what we intend to provide!”
~ Julian Maurice-Williams

You just don't say that unless significant developments are to follow!..... "

The notable quote to take is the specific multiple of SP ..... you would only be able to quantify that if you knew that our CoH would justify such a quote in the near future, hence force the market to re-rate CHAR.

Incoming farm-out with large cash payment.... :-)

aimo

Fair assumption, however for mega-bag to occur, this has to begin with an RNS, otherwise, I like many will just look upon any unsubstantiated rise as yet another P&D attempt.

That said, the mega-bag could start and complete on the very same day, all it takes is a little red dot.

aimo

About time we had hard plans to drill P2501 (Eigg / ~130 mmboe P50) .... already over a year into our 3 year commitment to drill.

Easy way to add material value and to our net 2P reserves, esp now we have more experience in HPHT targets.

P2506 (Greater Rhum) we should also be looking at completing technical studies and published for this licence too.

Pointless winning OGA licencing awards if we are to do nothing with them, progress on these within the April EoY results presentation would be nice at the very least.

aimo

FTSE ended down ~3%, .... watch the DOW end virtually level imo ...

"Beware reading too much in to institutional buying,..."

I would rather they be buying, than selling ... via TR-1's