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Don't agree spike912. We could have news on a drill partner for XX1 at anytime. If a partner covers the cost of the XX1 drill we could use funds for another well somewhere. It wouldn't surprise me if were to spud XX1 by May.

Are you going to the presentation Reggie? Anyone else going?

Could be news as soon as Monday. BOIL mentioned in the RNS 19th Feb that they were evaluating another UK prospect.

Good find and good news. Now for the next farm-in.

One. The finance director was going to retire at the end of March but has agreed to stay on until another board member is in place. They need a minimum of 2 directors to meet the requirements of a public company.

You are spot on there reggie72.

More than a glimmer If everything falls into place (it's a big if) the share price could be 10 pence plus by the end of the year.

Agreed. Deal finalised by Wednesday. Following that there will be an up-tick in the SP. couple that with a new farm-in announcement and your 1 pence target could be met. Near term drilling would help the sp as well. The nearer we are to spudding our first well the sooner the herd will arrive and take up positions.

You can't blame the MM's if someone sells 2 tranches of 3 million apiece. It's a shame they sold when they did because we were building up a head of steam Nonetheless there will be another rise if we farm-in to another block or two somewhere.

Closing at 0.65 pence tonight followed by a new farm-in interest at 07:00 on Monday would be nice.

Agreed. The Wick farm-in should be a rubber stamping exercise by UK Oil & Gas.

You know as much as we do milcait. Nonetheless 4 potential wells this year is very attractive. boil could have reserves of 50 million barrels by the end of 2018 if all the wells are successful.

Reggie, I think they will be looking for a farm-in partner for XX1 that will pay for most of the drilling in return for 40-50 % equity. So little or no cost to boil. Could mean a third buy-in somewhere over and above the one alluded to in the RNS.

25% of that would be a good apetizer for boil given they are now likely to participate in 4 drills this year.

Phoebus, What is the P50 on colter?

Requires further study, but on the face of it it seems ideal.

The RNS stated they looking at another uk prospect with near term drilling. Whatever near term drilling means in terms of time- frame I have no idea. The sooner they get something spudded the better. The shareholders will then have plenty of interest whilst everything else falls into place.

And the company are currently evaluating another UK prospect. If that is successful we could have an interest in 3-4 wells this year.

It will rise when the company spuds a well in XX1 and stay risen if the well is successful. It will rise again when we spud a well in the North Sea - proposed in September.

Agreed Joetricky. The good news is the company has enough cash to drill 5 or 6 on shore wells with tie ups to companies needing cash in exchange for equity. I see the next few months being the companies busiest ever. We just need news of the first one ASAP please.