Member Info for Pdub

Doose my understanding is that UKOG aren't actually doing any drilling - that would be done by a team of drilling contractors or have I misunderstood how this works. Therefore IF there has been an issue (and that is pure speculation and not confirmed by any evidence) it is not because of anything UKOG have done. I would suggest that the negative references to UKOG are a little unfair and best left off the DOR bb. Let's keep focussed on the positive that the rig may be coming down and may be on its way to Lidsey soon. Hopefully that should give the sp a lift. Regards. Pdub.

Good post Wolf! Regards. Pdub

I wonder how much the sp might rise when we cross list on ASX and Australian investors gain easy access to a company with significant assets in the Weald Basin, and has an m/c that in my opinion looks rather low in comparison to some of its Weald partners? Assets which according to the operator (ANGS) will be producing oil by the end of the summer. Now that is the kind of question I am interested in.

Plantman as far as I am concerned there are two official end of summer dates - meteorological and astronomical. From the meteorological perspective the summer months are June, July and August. This would make the end of summer 31 August. However from an astronomical point of view the summer season is defined by the period from the June solstice to the September equinox. Thus the end of summer would be around 21 September. I am happy to use either but the astronomical definition gives ANGS a reasonable period of time to achieve their goal of production at Lidsey and Brockham this summer and that is why I used that one. Trust me it is one of the official definitions of summer! Hope that helps. I appreciate your support for the positives in my post. Thanks. And yes more volume would certainly be good. I believe that will come with news. Regards. Ddub.

Clearly not a great day in the bb today. I wonder how many investors we have put off. So thought I would repost some positives: So much to be positive with DOR right now in my opinion. Company still looks undervalued in my opinion. Compare its m/c with two of it's excellent Weald partners: UKOG. £269.71 million. (35 x DOR m/c) ANGS. £67.33 million. (8.9 x DOR m/c) DOR. £7.6 million Considering the assets we hold in my opinion DOR looks rather cheap. Then we have a statement from the BoD at ANGS that they intend to begin production at Brockham and Lidsey this summer. My definition of summer ends on 21 September, the Autumn equinox, so not long to wait. Following the successful consolidation this week DL intends to list DOR on the ASX, and I can't help feeling those Australians will want a slice of the action. I believe we will be the only Weald company listed on the ASX, so if they agree with me that DOR looks cheap it would not be unreasonable to hope for upward movement in the sp. So there is a lot to be positive about looking forward in my opinion. Could be an exciting time for DOR shareholders in my opinion, subject of course to oil flowing in commercial quantities. Regards. Pdub.

4CER I can't be bothered reading your aggressive posts. Filtered.

Imac using m/c does make an interesting comparison. In my opinion DOR looks undervalued with plenty of potential upside even with relatively conservative numbers for bopd. And we are told cross listing on ASX too!

I understand that Lidsey X2 could flow at between 400 and 1500 bopd. We have 30% of Lidsey X2. If Lidsey X2 flows let's say at a conservative 600 bopd that's 180 bopd for DOR. Anything higher is a bonus. If costs are say $15 and price say $50 per barrel, then profit at $35 would give a conservative $6300 per day profit to DOR, or $2,299,500 profit pa. Higher flow rates = more profit. And that is just Lidsey. All highly speculative I know. Regards. Pdub.

Here are some conversion values for the pre and post 400 to 1 consolidation. Makes it easier to compare sp performance. Pre 0.045 / 18.00 0.048 / 19.20 0.049 / 19.60 0.050 / 20.00 0.051 / 20.40 0.052 / 20.80 0.053 / 21.20 0.054 / 21.60 0.055 / 22.00 0.056 / 22.40 0.057 / 22.80 0.058 / 23.20 0.059 / 23.60 0.060 / 24.00 0.063 / 25.20 0.065 / 26.00 0.068 / 27.20 0.070 / 28.00 To find the number of shares you should have now, simply divide the old total by 400. Regards. Pdub.

Rudey I agree no evidence of any trades other than the small ones going through at 20p. All other trades so far today above that level, including a buy at 22p. Regards. Pdub.

So much to be positive with DOR right now in my opinion. Company still looks undervalued in my opinion. Compare its m/c with two of it's excellent Weald partners: UKOG. £269.71 million. (35 x DOR m/c) ANGS. £67.33 million. (8.9 x DOR m/c) DOR. £7.6 million Considering the assets we hold in my opinion DOR looks rather cheap. Then we have a statement from the BoD at ANGS that they intend to begin production at Brockham and Lidsey this summer. My definition of summer ends on 21 September, the Autumn equinox, so not long to wait. Following the successful consolidation this week DL intends to list DOR on the ASX, and I can't help feeling those Australians will want a slice of the action. I believe we will be the only Weald company listed on the ASX, so if they agree with me that DOR looks cheap it would not be unreasonable to hope for upward movement in the sp. So there is a lot to be positive about looking forward in my opinion. Could be an exciting time for DOR shareholders in my opinion, subject of course to oil flowing in commercial quantities. Regards. Pdub.

Johnr for the sake of clarity could who name those that you consider "90p target loons" please. I ask because I can't find any. Thank you. Regards. Pdub.

Eaglesdare your post was not a ramp at all. You merely quoted what your average was. My average here is 75p. And for the benefit of any who can't read properly that is NOT a target, just a fact! And no I do not expect to get my money back. The old BoD managed to convert my £15,000 into today's value of £320. However ECR has a new team who seem to be doing ok. It is unlikely that I will recover my money but new investors may well consider this a good prospect, especially following the recent news and a good interview. Good luck to recent investors, hope this does well for you. Perhaps I will recover a few more £s too. Regards. Pdub.

It probably does not help that the LSE fundamentals for ECR are showing 25 billion + shares in circulation and a m / c of £213 million! Come on Admin. Get that sorted. HL gives m / c as £1.68 million for those that don't realise there is an error. Regards. Pdub.

Morning GoldenEgg. My investment of £15,000 is now worth about £240 !!! I blame very poor management for this disaster. HOWEVER this is a new BoD and although I probably will never get my money back those investing today might do very well. CEO does seem to be making the right noises so let's see. Regards. Pdub.

You are lucky Goldenegg. My average ....... 73.9p. Regards. Pdub

Have to smile. After this morning's small rise I am now only 99.1% down on my original £16,000 stake. I think it is fair to say I have made better investment decisions than this one ....!!!

200 to 1 consolidation. Link below to relevant RNS. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ECR&ArticleCode=51lwhtci&ArticleHeadline=Notice_of_General_Meeting_and_Proposed_Capital_Reorganisation Regards. Pdub.

Charles on 29 Sept you wrote "I'm out now and for good." Clearly then it is of no concern of yours whether the company succeeds or fails. Good luck with your other investments.

Good evening Manlord. Firstly I do have VX filtered (for quite some time) but saw his latest input on phone when not logged in. Second when posters start rubbing folks noses in it that is exactly the type of response they deserve. Sorry if you are not Impressed but I can live with that. I would add that my views on people offering negative posts on shares they are no longer invested in are well known and unlikely to change. Hope you are well. Regards. Pdub.