Member Info for pawnsacrifice

So in actual fact his wages have come down from �330k/year to �150k/year since the oil plunge? Thats not so bad as I thought. Sounds like a man thats looking forward to farming out/drilling so he can get a pay rise! Doubt investors will wait long for the farm in with that type of motivation.

Sorry for their investors but sounds like it will be a firesale too (not that I know much about their assets).

Would have thought you're correct aj. Wonder myself what they'll do whilst waiting for the rig. They do have their.300BPD and revenue of $500k/month so not worried the marketcaps too high but would like to know they're going to still move forward even in a small way over the summer months?

A failed armed robber wasn't he? and yes he has a vendetta apparently.

Lol@aj our very own moaning myrtle. You carry on aj it'll only make the positive news seem even more so when it (finally) appears.

Not seen the share option RNS yet but sounds good. Quite pleased to see they've already repermitted and are planning the replacement well for the recent disappointment. Good to see them moving ahead so quick, would have been happier if I'd bought more back than I have but there you go. My fault that one.

Yes but to be fair they had to take a step backwards to move forward profitably... Production Update The Company's focus remains maximising the profitability of its assets on behalf of shareholders. Accordingly, the Company's operational team has taken the decision to shut-in 31 production wells in the Muradhkhanli and Jafarli oilfields that were performing uneconomically with an average water cut of 99 per cent. As a result, the Company currently has a total of 34 active production wells producing an average daily production of approximately 300 barrels. The decision was taken after an extensive cost analysis evaluation. This determined that it was contrary to the financial interests of the Company to continue producing the aforementioned 31 wells. In total, the Company, as previously announced to the market, has 75 wells capable of production. Going forward, the Company will systematically review each of the shut-in wells as part of its work programme, with the intention of seeking to increase production, either by recompleting to different zones, or by shutting off the excess water production.

No charts are no good they're pointing lower. lol What we need is news on new permits applied for and/or an RNS on the arbitration going well. Reckon either of those would repair sentiment much better than any chart.

No probs dahmed thanks for apologising.. Bought just a few in case I'm being too bearish and see the 50d's been reclaimed already. Don't want to miss the rise and won't feel the need to sell for a loss if they do dip so not worried about holding in the red from here will use the op (should it come) to buy more if I can.

Hope you don't mean me dahmed as you'd be dead wrong. I only looked after the very bullish chart prediction yesterday which looked kinda wrong given the head and shoulders pattern playing out since the stock passed the 50dma April 20th. Back below it today and imo this level needs to hold or the stock'll likely hit the 200d. Its not deramping nor is it rocket science just me playing the averages.

Tend to agree. Don't think theres enough investors to go around anymore on the aim circuit and thats main reason these rises don't hold. dead right its very low volume but sat right on support imo needs to hold or the 200dma beckons around 3.3-3.4p. daft but there you have it. need a few 100k buys to save the day.

Also shows we shouldn't always take notice of high value trades. Sometimes its just a punter rapidly losing their inheritance money.

I thought that too. Its all short term so probs quite high but its great that its not convertible. That would be awful at 6p and its testament to their positive cashflow that they can get this facility. Just need it to transpose into success at the Z's imo. Its all about the Z's Andrea.

That was all he wrote on it meadow just that one line. I had asked about the 300BPD question more which he confirmed and explained it was urals prices not brent etc etc. Sorry I can't be more help.

Just had a reply from Andrea from an email I sent few days back. Won't post it all as haven't asked permission but with regard to this topic he has just stated... "As announced, we are in negotiations for the contracting of a 150-ton workover rig to complete the Z-21 workover. " Which suggests to me they have one lined up but not nailed down yet?

Don't think your posting a placing was quite a possibility helped stretch. Markets waiting now to know what the dilution will be for buying Magp.

Yes but this is aim. I can't see we intend to drill more wells some time this year cutting it for a big share price rise. They only produce a few barrels each so we need to see the 24 drill programme kick off imo.

Missed the presentation. Did he say when the next wells would be drilled? Wondering when we're likely to get the next round of spudding?

How soon til they apply for next permits? Would be good for the market (and the sp) to have new spuds to look forward to.

Any one know what this one is. https://unicourt.com/case/pc-db1-hammerhead-managing-partners-llc-v-nostra-terra-oil-gas-plc-et-al-745611 Found it googling, sorry for the timing but would like to know what it is?