Member Info for Orchy

scotney has spud and magnolia to commence shortly... nice GLA

great news :)

last few sessions we have seen significant buying buy no movement... some nice buys going through at full ask now so perhaps will move soon, either way once we spud both wells scotney and magnolia should see movement in anticipation of results, GLA

now we know the rig is on the way, does anyone has an estimate for spud date ? gla

http://www.marinetraffic.com/ais/default.aspx?zoom=10&mmsi=219396000&centerx=2.015468&centery=56.58703

makes good reading... hopefully we will see TET drilled this year... “Because we are so close to the Trent Platform it would be a relatively cheap tie-in. So we will drill the well as if it is a production well.”

"[Friday's] announcement that the company is affecting the purchase of the TET area underlines the positive direction in which the management is leading Trap," commented analysts at FoxDavies. "With operatorship of the asset, the company will be better able to assert control over the development plans, and ensure that the development occurs according to its timetable, rather than just 'tagging along'. "This marks a welcome step forwards, and one that Trap's shareholders should be glad of."

http://www.iii.co.uk/articles/74080/trap-oil-targets-60-billion-cubic-feet-gas-tet

wetherby - welcome, some nice buys going through now :) 2 x 200k's

emailed the other day asking about expected spud dates and even though they have released an rns today i also received an email from Lauren foster bring the rns to my attention whilst also copying the extracts confirming spud dates, nice to get a response as there are many AIM companies who just ignore PI questions, & emails GLA

http://www.youtube.com/watch?feature=player_embedded&v=HltDjOKoT2s notice the £next to trap oil SP ;) lol.... one day maybe lol

nice

"The farm-in to the TET asset enables the group to secure operatorship, subject to DECC's approval, and therefore exercise greater control over the scheduling of our work programme. In addition, this relatively straight forward gas development project, in conjunction with the promising exploration potential in the adjacent acreage, offers the prospect of attractive cash flow for the group in the medium term. We look forward to drilling the Scotney and Magnolia exploration wells over the coming months and to a rig being secured by Noreco to drill the Crazy Horse prospect."

- athena to pay back in one year - Romeo, the trap and overall play at romeo is DERISKED and offers the opportunity for low risk appraisal drilling with a BIG prize - Scotney low 17.2 best 60.2 high 149.5 COS 32% - Magnolia mid feb all looking good

agree zorns, very good update, magnolia and scotney will be interesting :) 13.75 - 14 LP

i dont know TA but have we not just double bottomed ? signalling reverse of trend ? thanks ?

opps 13.54!!

a few more at 15.54

http://boards.fool.co.uk/interesting-how-trap-has-split-opinion-i-suspect-12739769.aspx

nice one thanks