Member Info for pauldrayton

It’s been a strange pattern of buying pressure one day then selling pressure the next, but neither with significant volume and its stayed in the 100-115p range. I wonder if that’s the range for the equity raise if & when it arrives. Obviously we’d all like to see a raise at a much higher price - let’s see what tomorrow brings.

Thanks doorstop and apologies for my terrible maths below. I blame the merlot!!

£1.20 with 800m shares in issue is a market cap of £1.6billion. Probably nigh impossible.

60p and £800m market cap probably a more realistic target but they will need North Sea success and a higher oil price for that.

Greta Thunberg appointed to the board - whatever next?!

Crazy presenter!

There did seem to be less selling today but why would they wait until a seller was out before releasing news? Surely they are more professional than to delay news for something like that.

I’m hoping it’s just the complexity or size of a deal that’s made it take a bit longer than they hoped.

Not enough volume for a leak. Patience still required.

Heard anything recently daveri or has it all gone quiet?

It’s certainly what management would ‘like’ to do. Whether they will or not remains to be seen...

Lol! Nice morning ramp but wouldn’t that be nice!

Who knows? It’s been eerily quiet for a while now!

Hopefully they are close to securing something & nothing has fallen through.

It’s in line. EIA will show a smaller draw, API is playing catch-up.

Certainly looks like somebody is still selling.

Not huge volume but enough to keep pushing the price down.

Toscana shut down a lot of unprofitable production during Q2. They will reinstate it once the deal goes through and as oil prices rise.

Oh well maybe next week ;-)!

Unlike you to be positive fuddstone ;-). What’s up?!

Yes could still be Jub. Anybody know if similar selling is going on with their other holdings?

Has your confidence in an imminent deal dropped daveri?

Volume certainly has.

If they secure another couple of acquisitions this year on similar metrics, Serenity & Liberator are successful and the oil price rises then (whisper it quietly), £1 isn’t out of the question. A lot needs to come together but they’ve reinstated some hope and potential.

I would prioritise funding Liberator & Serenity appraisals over a dividend next year personally.

Sounds good to me Munch. They’ve missed their target of doing a deal in H1, but hopefully because it’s so big rather than because it has fallen through.

Not trading yet it seems.