Member Info for Orchy

morning, sp has already dropped from 12p to factor in the reduced production imo, but could fall as you know with not a lot happening for trap until next year really, so perhaps more fun and games ?

morning, from agm presentation http://www.trapoil.com/media/13385/agm_pres_02.05.13_final.pdf slide 4 - Athena - 'Approximately £2m per month cash flow from January 2013' this may have dropped of a little see LHD update, http://www.lse.co.uk/share-regulatory-news.asp?shareprice=LHD&ArticleCode=41o8579s&ArticleHeadline=Operational_update_and_offer_by_The_Parkmead_Group

watch this space ... ;)

so he does have money and can buy shares ?? or has he paid for it through his AST pay out ..........

MC 24.5m cash at year end 13.5m plus 5months production = 10m = 23.5m cash say less 3.5m costs leaves 4.5m for assets and future production ? seems LHD athena update has spooked everyone.......

http://www.investegate.co.uk/lochard-energy-group--lhd-/rns/operational-update-and-offer-by-the-parkmead-group/201306070700045174G/

any thoughts re athena? water up to 2 / 3% Current production from Athena, from the three producing wells, is approximately 9,300 - 9,600 bopd. but is this because 'Well P2 (which had been producing at approximately 600 bopd) has recently failed and requires additional spend on remedial works, although it is not expected to require recompletion.' so once remedial complete will still be producing 9,900 - 10,200? i see it as a little talking down of the asset by the lhd board to try and push the pmg deal through ? GLA

evening, next financial report will be the half yearly posted late September, dont mind the sp being this low as may add more if/when funds come available, can see this 20p + next year, as you say not a lot happening this year so perhaps why sp is languishing , but this year is about the company positioning ready for 2014, and who can complain with £2m a month revenue :) come end of year will be set up for an exciting drill campaign in 2014 and loaded with cash, all good just patience required, GLM

http://www.trapoil.com/media/13385/agm_pres_02.05.13_final.pdf not sure if posted but makes good reading

Mr. Marcus Stanton, Non-Executive Director 100k at 12.25p today :)

ps . which has been rejected :)

http://www.thefiringroom.com/oil-gas/lochard-energy-sale-suggests-30-upside-for-trap-oil-group/

i know all to well the ascent story, but what really happened and who's fault it was we will probably never fully know, J Eng seemed to take the brunt of the blame whilst SRB has walked away into another cushty job, personally i don't trust the bloke but it doesn't change the fact TRAP is massively undervalued, GLA

http://www.investegate.co.uk/cornhill-capital-ltd/rns/group-to-reject-parkmead-offer-for-lochard-energy/201305301200048980F/

more likely trap to buy pmg in the future ;)

LHD agreed this morning to be taken over by Parkmead (PMG). At the implied takeover price, once you take into account LHD's net debt/liabilities, it implies a value of around £36 million for Trap's share of Athena. Assuming TRAP now has say £20m net cash and that's a value for Trap of £56 million. Which compares to the current £27m m/cap.....

are getting lhd, to think posters mentioned they would be making an offer for trap ;)

only speculating but 88 means big buyers and the bid has propped up and their paying above bid suggesting they want shares ? will keep an eye over next few trading sessions for some big trades , atb

11.89p offered on the bid , 488 on monday, do we have some buyers ?

also i haven't seen any mention of what reserves they estimate?