Member Info for Revelator

News here soon. Mobilisation is underway, within Turkey, of the drilling rigs and logging equipment that will be used to start work-over operations at Karapinar-1 and to re-enter the Gulhanim-2 well, suspended earlier this year to accommodate the seismic acquisition programme. Both wells, located in the northern part of the Gas Development Project, are being funded by OR. The rig to be used for the Karapinar-1 work-over operation is expected to be on site by the first week of October. The Gulhanim-2 re-entry rig is now on site and awaiting the arrival of the remaining accessories, whist the well location cellar house and concrete pad is currently being modified to extend and accommodate the full depth drilling rig. Both wells are expected to spud in early October. My plan is in early, take some profit before final news, keep some in hope it's a success.

A tough one, but I think Firebird invested for a reason/ The RNS re drilling says it would only go further if a success, and the RNS re placement said it was partly to 'fund further drilling'. Not concerned about share sales from placement as Firebird are a 60% investor so won't sell I expect.

People will be swarming here in a few weeks imo...famous last words!

£500 more to add to my £1100.

£10m market cap for a gas play spudding in 10 days seems too low. Shares all placed at 5p so significant discount with a 3.47 ask. Credit Agricole have bought 8% The oil consultant brought in (former Circle Oil CEO) has also purchased 8% of the co. Am I missing something?? NGP own 20% of a co which 'estimates, following independent analysis, that the central part of the 4077 Block contains 80 billion cubic feet ("bcf") of recoverable gas in one development project. Two more exploration areas are present to the east and west, which Arar's management estimate contain reserves of 330bcf with an upside of 750bcf of recoverable gas. It is the intention of Arar and OR to develop the 4077 Block, which is located just 8 miles from existing pipeline infrastructure, and to carry out further exploration activity on the licence.''

25.1p. Imo a seller is the only thing keeping this down.

Drill results soon, £1.5m now in bank, never going sub 1p. If it did tho, I'd buy plenty.

At 1.37. Will double holding if buy gets closer to placing. Sold at 2.1 so a good trade I hope!

''The Group has signed up to a revised four year restructuring agreement for the loan notes due from Doerfer Industries Inc ("Doerfer"). This requires Doerfer to pay $2.5m before February 2012, and a total payment of $4.6m (4.6 pence per share) by May 2014.'' Note that's 4.6p per share vs current price for whole biz of 4.2p per share.

http://www.investegate.co.uk/Article.aspx?id=200908250700069300X Co reports a loss of £600k, although at £7.1m, order book is 45% higher than at 1st Jan and 40% above what it was in last interim period.

Placing at 1.25p.

Cheers. Should be interesting. It looks a solid little co, esp with £2m in the bank, but hard to predict how the results will be as no news in between. From the website they seem quite active tho http://www.rts-group.com/

Drill results. I don't currently hold, but can see this establishing over 2p on *good* results.

Oh wait, you predicted 4p by now...

Cheers - pleased with the day's dealings in hindsight. May buy in again next week, though I feel it may go towards 1.5 buy. If it goes the other way I'll be v happy for those adventurous enough to still be in - deffo a decent share that was, at 1.2, undervalued.

Though I'm waiting on another star now - RTS - the tech co already at breakeven, with £2m cash in bank, but only valued at around £2m!

As I said with Bem when I sold for 75% profit at 5.1, it may rise more (and it did!) but you've gotta look at the context,and my own context is buying at 1.17 and selling at 2.1 within 2 days is a delightful trade.

2.24/2.1

2/1.9

Can you paste the FTSE text...I'm not a subscriber.