Member Info for Overtrader

It reads very unproffessionally to me, almost as if he's typing with anger. He talks about shareholder value, we're down over 80% in the few months the new BoD have been in charge. I'm a long term holder and will continue to hold as my original investment is almost completely wiped out anyway and with this RNS all the bad news is priced in. Hopefully management will take on board that communicating regulalry with the market is vital if they want to maintain and inrease the value of the company.

A full reversal on the day on good volume. Looks good.

I've just added 250k, the chart is setting up nicely with increased volume and see a new base forming at 5p for the next ascent. This is happening against a backdrop of rapidly declining oil price and severe bear sentiment in the general markets. It's looking strong.

What's even more promising is that the share price, which is usually closely correlated with spot oil price is actually moving inversely against it over the past week or so.

Whatever the new BoD's grand ambitions are, we simply need Churchouse to return for the Cyprus projects who actually has technical experience in resource development and knows how to communicate with the market.

I'm sure they read this board so please make this happen!

5 min chart looks very strong. Buying should continue into tomorrow.

Thanks Earl for generating a bit of interst here at least, of course an absurd valuation at these levels with the assets on the book.

How about an update on Troulli? Surely there must have been some progress over the summer?!

Yes, without news who knows what's going on but having a bit of a look into Charlie Long I wouldn't be suprised if he's just completely out of his depth. I sincerely hope we pivot back to our original strategy with Churchouse's return and what seemed like very solid assets.

Likewise, appalling comms since the change of management. I've mentally written off my considerable investment here at this stage, anything else is a bonus.

The rocks are the rocks regardless of the CEO, I'm not a fan of all his tweets but one thing going for him is his ability to pitch. They've done some interesting modelling now so hopefully this will prove meaningful to potential partners. Agree a well defined drilling plan is needed after this trip.

Certainly seems something's happening behind the scenes with such large trades being placed without news.

It's a tough hold though at the moment.

Poised to breakout from a 3 year range @ 1.55

I'm getting increasingly concerned about where we're heading. The strategy and management is now completely different to the company I invested in who seem to have a completely different style and frankly not one I would have invested in. I emailed a few weeks ago to politely suggest we would appreciate an update on the existing projects. This hasn't even been acknowledged.

He's not able to elaborate until it's RNS'd.

Yes most of the senior management come onboard with stock options as the majority of their remuneration so will be highly motivated to increase it.

Yes nice rise on good volume. If we can push on over 5 we're back at the races.

I would personally love to hear from Churchouse regarding the JV projects/drilling programmes which I think we all originally invested in. My confidence under his leadership and communication is rapidly disappearing.

Mini cup and handle forming on the 5 min chart. May pickup above 130.

Phrontist, the reverse takeover of Derriston was in 2018 and funded at £1 to form S4 ahead of the acquisition of Media Monks. I took part.