Member Info for oilriches

You have mike and lost plenty of £ by the sounds of it. He will be in with funds etc.

Tend to agree. The 1m trades would be chunky in my view.

Is a 10 bagger expert. https://citywire.co.uk/funds-insider/news/baillie-gifford-emerging-markets-star-to-retire/a1289279

The UJO drill results on newton will be interesting within the next week. This would be very positive for Pensacola.

Hopefully. I am here for the shell drill if I am honest. The big move happens when that’s confirmed. People will be happy to pay 3+ plus then

Agree it’s been testing but looks in decent shape to progress

Looks ready to tick up

https://www.delticenergy.com/wp-content/uploads/2020/06/Corporate-Presentation_June_2020.pdf

And????? You cannot sell unless there is buyers. You can see the shares are being taken that are sold....what’s the issue

https://www.offshore-mag.com/regional-reports/north-sea-europe/article/14184132/uk-set-for-offshore-drilling-upturn

Mike you are the joke and have lost loads of money.....get on with life. Shell are drilling the area untested and would not look at this if a load of crap

The first well drilled in the licence area was 41/10-1, operated by Marathon in 1994/5 to test the Carboniferous (Figure 2.2). It had gas shows, and possibly thin gas pay, in the Zechstein Hauptdolomite and Plattendolomite but the underlying lower Carboniferous (Dinantian) was dry with minor gas shows. An 800 m Carboniferous clastic interval was encountered with locally high net sand intervals. Porosities were reasonable in the upper section, but deteriorated with depth to approximately 5% at 3000 m. Net gas pay of 8 m has been interpreted by Wintershall[9] in the Platten and Hauptdolomites but none of the intervals were tested. A small closure may exist at these levels (Figure 2.5).
The blocks (as licence P1129) were awarded to Walter UK (E&P) Ltd in 2003. Walter operated the 41/5-1 well drilled in 2004 into the top 30 m of the Carboniferous (Figure 2.3). The well encountered Namurian sandstones but logs were poor without gas shows. The well suffered a near catastrophic failure of the Hauptdolomite reservoir with consequent loss of mud and the damaging of the shallower Plattedolomite reservoir. Gas shows were encountered throughout most of the Hauptdolomite and Plattendolomite on mud logs but the logs were unavailable for inspection and suffered from poor hole conditions. Significant mud losses and gas shows occurred in the Hauptdolomite indicating localised high, porosity and permeability.

On some of the block with old technology https://itportal.ogauthority.co.uk/web_files/relinqs/p1129.pdf

I too should have sold at 1.5 but took my original stock out at 1.15. It was clear that it was going to retrace back the time it was taking to put an rns out on the offer. I’m back in at 0.84 with 25% more shares and plan to see the drilling with shell out. If pensocola happens you will be selling these at 3p + minimum on current shares in issue

Yes. The shares are being sold in an orderly fashion and buyers taking the stock

CANACCORD GENUITY GROUP Down to 9%. Hopefully they are out in a few weeks and we are away

https://www.heraldscotland.com/business_hq/18851415.giant-sees-potential-north-sea-gas-prospect/

Seem positive- what’s the 52 week high?

Mike has sold out. There will be rerate on the sp when events start to materialise in the near future. Current weakness is an opportunity to get stock for the turn in the new year. Like any shares it has its risks but is cash backed at the moment. Positive is the increase in oil and gas commodity prices.

Is building a decent holding