Member Info for oilriches

good article elite. i would argue about the value of the assets when all the majors have located to ajoining blocks in oman and namibia. cash if raised will only advance the project.

I did notice as i got in around 3pm this started to move up. i only had a few small trades - i bet the volume would have been massive if it started early

The half-year accounts have been prepared on a going concern basis.  As set out in note 12, the Company raised USD2.37m (£1.8m) before expenses (USD2.37m (£1.56 m) net of expenses) through the placing of 30,000,000 new ordinary shares at placing price of 6p.  At 23 September 2013 the Company had cash of USD1,046,000  (£654,500). The directors are confident that they will be able to raise additional funds including in mid-2014 to implement the next stage of exploration in Oman which would comprise 3D seismic and drilling and continue to meet their obligations and planned work programme as it falls due. In coming to this conclusion, the directors noted the continued interest of several investors and previous capital raisings reflecting the continued support being received from shareholders, including the directors.

Based on the share shortage where will they move this tomorrow. i know shares are worth what people are prepared to pay but they would not let this go today.

What was all this buying about today? The start of something big?

You normally find theses type of shares before me

When do they plan to drill Oman?

Is the gem that should let us get free carried on a potential drill.

The trp drill could bring some interest here

Its about 25% held by all directors.

In short three licences Oman, Zambia and Namibia. Oman is the least speculative as next to block six which is run by Shell, This was at a peak pumping out 700,000 barrels a day over a number of wells. Still around 500,000-600,000 from memory. The block of Frontier is massive and recent re-interpretation on 2d seismic has found a potential gasfield the same as BP's field to the East which has 100 trillion sq cub ft and will goes into production in 2017. Oil in place estimated at 10 BILLION barrels. COS is 50% on proving source rock and a working petroleum system. Before they did any work, zilch, the cos was 18%. Farm outs have started on all three and awaiting news. Their accounts are due now and have never been released in June before. So conclusion they want to release news with them. My thoughts only but would make sense. Zambia is a mirror to Green River Valley USA. Potential huge figures as is Namibia. Oh Jack Keyes was paid less than $40,000 lasy year so the payoiff is in finding something. Tim Wright is also a geophysicist like Jack Keyes and are Middle East Africa experts. 

Farm out process commenced quarter 2 of this year. this one should farm out on good terms

Very true

http://youtu.be/cV6TN1dC4JQ

Hit a 12 million market cap on two Peru licences 18months ago. this licences are much better and wanted by the industry

4p which is a market cap of around £5million

This has had very little interest from investors since listing. if u think trp is valuing 30% in Namibia at over £100 million looks great here

Hi it was good today as i could sell £16k worth easy.. problems was buying

Broker what's the story here?

Duckles positives - low shares in issue, 100% own a block in Oman where the cpr states billions of barrels of potential and is situated next to Yemen and puntland, two big blocks in namibia 90% operator and with trp drilling at the moment will only help this, lowest paid ceo on aim here and Zambia assets. negatives is low cash levels and the share has been of investors radar gl