Member Info for orangepips

In the latest set of accounts it was £39k paid.

We paid for the right to participate.

Therefore, we are entitled to take an interest under the same terms as SundaGas.

People really think that for £40k or so they get a 33% stake in an asset without any financial obligation!? That is complete fantasy.

I agree it’s great news for boil, of course it is. Is it free money for everyone as some on here would have you believe?? No.

I'm not interested in pointing out errors, i'm interested in what it actually means.. to me, entitled means we have the option but not the obligation. So if taking the 33% means we have to pay 33% of the costs, we have the option to reject it?

"entitled to be issued" not will be issued.

lots talking like we already have 33% (of something) - but reads more to me like we have the option to buy 33%... so far for an unknown cost. considering we have no money of any consequence i'm not sure how useful this is to us. Maybe i'm missing something but without more information, it's impossible to speculate what the significance of the news it. Any thoughts appricated.

Does any one know if there’s a time windows for wick regards to if we get into the winter months or that close to shore should they be able to drill in the depths of winter regardless ?

to be fair, they do have a much larger stake in the field, and other projects going on away from Wick.

It's not really that amazing. 2 weeks away from starting.. then another 4 weeks to any sort of results. and even then, regardless of the results, there's not going to be any income. the best results will lead to more capital being required. The market isn't as stupid as it used to be in the days to huge pre-spud rises.

You're starting to sound desperate.

why wouldn’t you sell them? Not everyone pays £12 trading costs. If you trade for free why not sell them

Lot less shares in issue when it was 8p

People have been saying that for 8 years!

If 30% COS is considered high, what is low!?

Why do people insist on exaggerating? It’s 2 wells. The 3rd isn’t happening this year. If it was the wheels would have to be in motion by now and we’d know about it. They been talking about drilling XXI for years and failed year after year. 4th!? Where have you got a 4th well from?

They’ve been invested here since day one and pumped millions in. My guess is that they’re just fed up!

he transferred them all to Mrs, and she’s selling them.

Only worrying in so much that as usual some people hear the news a few days before the market does, but everyone just seems to accept that happens for some reason.

I would like higher, but this is boil so I’m expecting around 0.6-0.7 pre spud.

All good progress.. But I bet the SP still drops when the plugged and abandoned RNS is released even though the market already knows its coming.

The money may well still be in their bank account but it is contractually committed to projects and therefore by definition not part of their cash position,