Member Info for parkez

Drill up to four horizontal sidetracks to scale up production and fund future capital programmes.

· Expand production facilities to increase capacity to 4,000 - 5,000 bbl/d.

Possibly...
Just seems an awful lot considering.
bwtfdik

is more or less guaranteed now for the next 12-24 months.
One exciting RNS after another to come.
12m is a huge raise considering w38 already funded and revenue from w16az coming in....
???

Expect you will be right now, given this dilution a few TR1s flying about next week!
Never come across this accelerated bookbuild before...exciting aint it!

its a placing but not as we know it Jim

people are misunderstanding this...its an auction, block have no need to raise, therefore there is demand...demand equals a higher price,its simple really. wait and see.

indicated level...
anyone been to a auction will know you get a guide price which can often be exceeded considerably...depends on demand.

Haha...
Ask yourself why this has been done...its in the best interests of the company...did not need to be done,
Placing at a premium without a doubt.

in the usual placing the profit is usually made when they are forward sold. There will be no chance of that.
iis have a great opportunity to get in here now with this knowledge of where the company is heading. They imo will take these at a premium and hold for the next 12 mnts at least.
Anywhere between 15-25p is my guess.
But i am always wrong.
What would you do if you were them...knowing that there are just so many available with others bidding??

CS
whoever gets these...good chance its for at least 12 months hold imo

There is obviously a demand....the iis who do not win in this auction may well decide to buy on the market anyway.
Block has been well and truly put on the iis radar.

Just to mention...was in CPX. Share price was cica 5p...placing with iis at 9p.
We may be pleasantly surprised in the morning....
Now lets say these iis pay 25p a share....
what price do you think the sp will be by end of week...they will win anyway.
Think about it....

and the price of the 42.82m shares will be?
Anyone like to guess?

You can bet even though the auction lasts but a short time,iis will have done there DD...Rumours of this placing have been around for a while now.
pis will not get chance to participate....done and dusted as we speak imo

Bloe do not need this placing...they have been offered the cash and have chosen to accept....i expect the price to be acceptable.

"Either way likely to crash somewhat on opening"
And thats why i think we will get some clarity in the morning..imo

The bidding and allocation is NOW ongoing....the shares are admitted to AIM next week

Very good chance imo

RNS in the morning.

They have gone for a placing...response has been exceptional...they have put it to auction.