Member Info for ocelot

10 mins ago

PIs voted with their feet after the Brockham RNS of 28/06/19.

Today is 05/06/20.

Beginning to look as if the placing has gone into firm hands.

Given yesterday's 1.4bn or so, I'd assumed we'd see about 500m shares traded today.

It's not looking like that for the present, it's pretty quiet, 30.6m per advfn.

Mirasol,

There always will be traders seeking to sell. If buyers were put off by that prospect, no share would ever be bought!

The assumption is that it was Tellurian, because chunky selling was taking place while Riverfort were inactive and we know Tellurian appear to struggle with TR-1s, but there is no proof, of course.

As others have remarked, it's one of the very few oil shares not to have rebounded from its lows during the recent recovery.

The reason for this appeared to be the overhangs, but the Riverfort overhang was removed yesterday and Tellurian must surely have considerably reduced theirs by now.

81.25m new shares to be issued at 0.04p

at 0.203p

advfn now shows 1,260m shares traded (slightly inflated, because advfn does not take account of the minus sign on negative trades)

1,001m shares per advfn (slightly inflated, because adfvn does not recognise the minus sign of negative trades)

Perhaps some deep pockets expressed an interest?

... and so many buy, too.

When it heads towards 0.204p, that's the buying weighing in.

Leader on the stock market ... for volume.

If the first year's take-off contract and bid selection on key gas processing equipment are for "the next six weeks", then it looks as if the next RNS may concern the submission of the Balcombe revised application.

It was a busy RNS, but agree with Mirasol, an update on HH-2z would be appreciated.

.

Pipeline application submitted to Lincolnshire CC.

Placing, repayment of convertible loan, reduction of HH opex "to approximately $13/bbl at current production rates, amongst the lowest in the UK oil sector". Also:

Horse Hill-1 Intervention

The HH-1 intervention is planned to further improve oil production rates by a full re-perforation of the well's Portland section using larger and more deeply penetrating perforating guns, at twice the perforation density per foot compared to the current completion. The reperforations are designed to materially increase the ability of oil to flow into the wellbore.

The work will also reconfigure the well's production tubing set-up and deepen the downhole pump to maximise pumping efficiency and hence maximise HH-1 production. The recent installation of the new higher capacity Unico L706X linear rod pump also forms part of this production optimisation process.

£4.2m raised at 0.20p, convertible loan repaid, ...