Member Info for RatHole

Agree sub 6 looks very likely imho.
These guys are not oilers and this shows thru in the rose colored picture that is being painted in my opinion - just do the maths on workovers at 10~20bblpd of heavy crude - high impact I think not - maybe someone has driven thru Monroe swell or the West Brentwood housing subdivision recently for context?
There may be value, but not at these levels imo.
Take Care

Everytime Malcy mentions this - it TANKS!
Take Care

Plenty info here maybe the insto's read this and dumped http://www.energynewsbulletin.net/exploration/news/1100188/boots-on-ground-boosts-xstate

And last week the price was....???? Take Care

Well maybe, just maybe, one of these insto's took at drive-by Monroe swell - one of the more accessible fields by state highway- and only a spread of 20 acres some - and saw NO workover rig - or any activity at all - save for a few rattlers a rattlin, some scorpions a scuttlin, and the odd coyote cavortin? Take Care

Look at the chart - or is that a troll also ? Take Care

Hmm you assume all the buyers are long term holders - i think not. Most traders use a tight 10% stoploss we are seeing those being hit now imho - add to that ongoing insto dumping and 6 looks the next target without fail. Take Care

Insto's are usually the first out - they will reload at the next .005p placing - like clockwork - huge cash demands in the next 6 months and as ol mate Lenigas says 'you cannot pay with bottle caps'. May explain the ongoing dumps. Take Care

Malcy plugged these at 30p. Complete butt covering disgrace from the syrupy old toff, and not the first time. If you can get 10p take it and run like hell imho Take Care

Oh I see Archie. So when the oil price retraces to say $50 we can simply hand these 'assets' back and get a refund, in your world? You jokers are hilarious. All steam and no train. Take Care

Just an educated observer christchurch. Have you anything to offer but bile and own goals? Take Care

Sounds fabulous Father. Remind me again why XST did not proceed? Bless

Can you point to where workovers have commenced? I think not. So why post that? Monroe is a very small heavy oil field that should properly excite no-one imho. But happy to hear your explanation. Take Care

Indeed and look at the losses at the 1TCF EME play, was the pick of the plays yet yielded less gas than Teresa's muslin speech.. shameful. Take Care

No Idea but surely if you want to do a deal with Dero Parker you would do it direct and avoid the grief, the assets are tripe and will bite the co badly imo so why the need for a yeoman loop to get here is my question Take Care

Quite. Father. As we say Title Title Title. That is why there need be transparent and to date there has been little,you had to chase down the answer - which is why we are having this 'confessional' The assets are old hat - we know that - very researchable- and complete rubbish imo - but why disguise them via some Uruquay mom and pop shop registered in the IM, that Mahan bought into for a quid? Does Not pass the sniff test for mine and goes to Management MO surely? Take Care

Irish, well yes the name suggests that Are you able to see what he paid for his stake in this company that they just 'sold' for moon money? Take Care

Is that the Patrick Mahon from the Panama Papers (please cross ref addresses, his was Uruguay but a Brit I believe) ? Just gets more cloudy- I will pray for your soul Father

Wrong hole I suspect Father - not the first time I shouldn't wonder Take Care

Who are the Directors? Shareholders? Might interest a few of the flock father Take Care