Member Info for reggie72

the 2x1m was a rollover btw

sadly looking like a basket case now despite all the news and recent sp of 0.75p. seller has killed it.

bargain basement prior to the multi well drilling campaign, all low risk drills some with discoveries already in the license area. all wells paid for and ready to go throughout 2018.

exciting times. be nice to see a rig! not one, not two but three possibly four wells this year!

surprising lack of interest but hey ho. it was at this level without the Colter deal which has an oil discovery on it!

I would guess a deal is close as the well is planned for this year! hopefully this is the reason the ceo is in Peru March!

yes 3rd well this year is onshore Peru, gas play and potential oil also. should have 50% working interest here once farmed out. in talks with a few parties about a farmout deal - should know soon. all 3 wells fully funded now.

excellent cheers Pb, happy with that!. Oil was discovered at Colter when drilled but undeveloped. good good!

Colter has a 56% cos is that right?. that is very good by industry standards where 30% cos is usually bullish!

usual rubbish sp. most important year in the companys 14year history for drilling and its 0.45p!

yep mate boil doing some great deals another today, 3 significant wells now planned for 2018 fully funded.

so that's 3 'significant' wells confirmed for 2018 - fully funded with cash left in the bank. got limit order in

mms shut up shop, cant buy online gain, anyone else?

presentation next week also in London - more info then

this new license sits next to the Wytch oil field. Produced over 450m barrels to date - largest onshore oil field in Europe I believe. Interest is small but could be a huge field.

you didn't mention Wick -anyway a good sum left after this acquisition. next need to see a xx1 farmout and carry ideally for the well in Peru.

cash about �3.7m sterling after feb costs minus Wick deal.

Nope net cash is $5.2m since mid Jan - outgoings are now low - read the rns about cost cutting!.

yep busiest drilling year in this company's history, the first wells for years! $5.2m cash to play with.

altona have 3x cash vs mkt cap + although currently non binding!