Member Info for reggie72

yep excited about this up and coming drill campaign across 3 separate license areas. All fully funded now.

agree and this can't be far off now. we were told 'soon' in the last rns

yes this is starting from a low point so any moderate success across the multi well drilling programme will be hugely transformational. All wells are fully financed with cash in the bank.

expect they are now finalising the drilling programme now the cash is banked so news 'soon' (rns)

mms games. no idea why marked down on zero sells! multi well drilling programme to start soon surely!

right try again to post!. Yes but theoretically the company are in a better position here than they were at 0.75p with a potential $5m in the bank. This would have been needed to fund the drilling and get to bfs, however they have now said costs have come down significantly and can do this for just $1.5m aus/ �800k!. This is good news for shareholders as it will need zero dilution or debt to get to the vital point. Monies now banked in Australia to fund all next phases but like you say it is down to the board to back up the talk which will take more time and derisking on the way. Slowly heading forward. Coal prices at 5 year highs and demand for thermal set to grow rapidly from emerging mkts, china, aus, japan, india etc. The clock is ticking so no time to waste.

right try again to post!. Yes but theoretically the company are in a better position here than they were at 0.75p with a potential $5m in the bank. This would have been needed to fund the drilling and get to bfs, however they have now said costs have come down significantly and can do this for just $1.5m aus/ �800k!. This is good news for shareholders as it will need zero dilution or debt to get to the vital point. Monies now banked in Australia to fund all next phases but like you say it is down to the board to back up the talk which will take more time and derisking on the way. Slowly heading forward. Coal prices at 5 year highs and demand for thermal set to grow rapidly from emerging mkts, china, aus, japan, india etc. The clock is ticking so no time to waste.

seriously cant post here - website is ****ed!

you don't get it. the good news is they don't need 5m in loans or debt to get this to a possible bfs! the less dilution the better and they don't need to do it now! - the main news is to follow 'soon'!

main news to follow then 'soon'

see aim oilies diluting to **** to fund development, good thing here is boil are cashed up and all drilling is fully funded for multi well programmes coming up this year with zero dilution taking place. Also unlike others they have no debt to service.

how many can you buy at 0.45p?

someone is filling boots around 0.45-0.5p. bring on the drilling, each being a game changer on any moderate success for this tiny cap business. these aren't the crazy high risk drills of the past, so they have a good chance of finding the goods.

yep clearly the market doesn't believe in it. needs to triple just to get it back to recent levels! the NL roadshow came to nothing.

then again bargain basement just before a multi well drilling programme, low risk/ high reward and fully funded!

can you buy online? flurry of buying at full offer!. we are overdue a lot of news!

they are running a tight ship now and rightly so. they have told us they are fully funded for the up and coming drilling programme, we should have details on that shortly. demand is there from china, india, aus etc, emerging mkts set to grow. coal at 5 year highs with increasing demand especially for thermal. chinas latest gdp issued last night (gmt) beat expectations so growth strong there and across the globe.

yeah crazy mkt, coal at 5 year highs, demand for thermal coal high, ftse round record highs and anr in the gutter.

better get a move on then. this has tanked from 0.75p to 0.25p in weeks since the NL roadshow!

bid moved up again. 0.45-0.48p