Member Info for nhawan

I f you read the bit about Brockham it's obvious they have shortened the time to a month or two before work restarts. The part that would have taken 3 months to manufacture has been sourced from somewhere else and ready to ship. Only rig announcement to come which could be very soon. I reckon we will get a rig RNS in the next 2-3 weeks.

Not sure who is making any profit at such a low price. No one who bought over the last year will be in profit. The desperate sellers are virtually gone. Can't see this staying below the placing price for long. A bargain for whoever was waiting for an entry.

I would advise pi's to ignore the deramping by those who are worried this might start recovering now we have a plan set out. The Brockham well is back on the front stage again with equipment ready to ship. This means we won't be waiting 3 months for some of it to be manufactured from scratch. Potentially recommencement of operations within a month.

Also derampers panicking because the Lidsey deal was done at 5.6p. Well above the current price ??
Good luck all. This is not going to hang around below the placing price for long.

I would not take notice of some random troll on here. The sp is consolidating at this level. If there is more bad news then anything is possible but I reckon we will get something positive soon. They are already setting stuff up at Balcombe so can see a positive vibe comming within a few days or by next week.

I expect an RNS this week but the MM's are doing their best to relieve the weak of their shares for now. It's not easy to buy any decent amount of shares below 4p so not sure why the sp is dropping. Who can make any profit at this level. Even the placing shares owners will be losing.

Some are hoping for a drop below 4p but it looks like most of the bad news is out of the way and its just a waiting game now. The sp is consolidating well at this level. Sooner or later people will have to take a long position if they want a piece of the imminent action. Balcombe work to be commenced very soon.

No way would anyone be able to sell over 1.5m shares in one go if there wasn't a big order being filled.

It means those who are waiting for 3p may have to think about getting onboard or missing out. Can't see this going down after the next RNS. Balcombe testing is being prepared. Who would risk being out over the weekend.....?

CArdinal3 ,

I apologise for accusing you. I submitted the reply quick but I afterwards I realized that your post is a good observation. I agree that the company needs to word their RNS's better to prevent confusion.

You are being pedantic or trying a deramp.

Fairly easy to look up the West Sussex Council consent for the Lidsey application. Just search for WSCC/047/18/BN on Google.

http://buildings.westsussex.gov.uk/ePlanningOPS/loadFullDetails.do?aplId=2278

If you scroll down the page you will see the correct term that should have been used.

Determination Target 14-02-2019
Decision Granted
Decision Date 15-02-2019

Happy now?

With equipment being moved into Balcombe site I reckon an update is coming soon. Would not want to be out over the weekend. Most selling at this level are selling at a loss.

Derampers starting to sweat after seeing the equipment going into Balcombe site today. Close you shorts or get on before you are left behind. To wait for 3p is stupidity when the palcing was at 4p. The sp will not go that low.

Most oil companies have only a percentage of any field so nothing new. Balcombe will serve as a test bed for isolation of water techniques. A successful test will add value to the company and prove that water is not a big problem as some would like us to believe. Nice try at a deramp but I suggest you should get onboard before the train leaves.

MM's must be reading. The buy price moved up to 4.53 and showing blue. This will be 5p once Balcombe RNS is out, possibly Monday or even this afternoon.

Looks like they need shares since the buy price is 4.4985p while the ASK is showing as 4.6p resulting in buys showing as sells. The last 20 trades are nearly all buys but show red.
Also can get live quote to sell more than 600K shares. A rise into close imo. Balcombe RNS imminent.

The change in agreement with YA means the BoD and YA are expecting the sp to get above 7p over the coming weeks. YA warrants are at 6.18p according to the revised agreement and for only 2,469,914 shares. That can be cleared in 1 trading session.

Even with Balcombe the water being isolated would send the sp higher than 7p imo since it would prove that the water problem at Brockham can be fixed easily.

Who is gonna sell at a sub-4p price? Most holders will not have an average below 5p let alone 4p so not likely to be alot of selling going on right now. Usually after a placing the sp will start to recover rather than drop below the placing price. The company is now funded for both well tests and free from massive YA conversions.

Only positive news to come from now on imo. Balcombe RNS next week is very likely.

Load up today since it won't hang around at this price. If they announce work starting at Balcombe the sp should be near 6p. Successful water isolation will be the aim and a testbed for when they return to Brockham.

The Balcombe test will serve as a testbed for blocking the water flow from the oil extraction.

That means we should get another RNS very soon, possibly tomorrow if the new BoD is keeping true to their word that they will keep investors informed.