Member Info for Rktech

The other factor is that there's no exotic geological model. It's just an anticline and it's been mapped with 2D and 3D seismic, the oil water contact identified and we have all the correlation from the previous wireline logs/samples/mud data....etc.
I think the drop is down to the 'Arthur effect' insofar as in the past he's promised much and delivered nothing.
This time's different and I think he's in deal making mode right now but it's clearly scaring the weak.
There must be so many opportunities at bargain prices and we all now Arthur is up for a deal or three.

That's exactly it MK.
The news still to come/be confirmed is major.
The drill is an appraisal and the results from the wireline logs will confirm or enhance the reprocessed old and new seismic 3D data.
The second drill is an offset into an identified structure.
That's why this could be massive.

Panamabob reckons if we get to 10p we'll be able to buy a caribbean island for the party !

Well done YM !
We've been waiting for days like these for years, knowing that if Arthur got this over the line it was going to be massive.

COPL__________________THE MOVIE.............................In Glorious Monochrome.

Arthur Millholland....................................................................Wynne Evans ( Opera singer and the bloke who does the 'Go Compare' commercials )

The Ruia Brothers.....................................................................Doug and Dinsdale Piranha

Kola Karim...................................................................................Reginald D Hunter

Cathy Hume................................................................................Madonna

DPR and NNPC.......................................................................... Captain Kirk and the crew of the Starship Enterprise

LSE BB Contributors.................................................................Themselves

Where in the Gower are you ?
I used to go to three cliffs bay......superb.

" He may well be waiting for that bird in the hand rather than risk talking about the two in the bush as that has been his Achilles heel in the past. "
I think that's exactly it No Easy.
Getting everything nailed down before he sets out his stall to the public.

It's a day traders dream right now. The market still isn't convinced Art can get this over the line.
One day it will just gap up and stay there.
More news on drill finance and PSC extension, performance Bond.....etc etc.
All needs to be nailed down.
An appearance by our leader on the financial media stage would go a long way too but I think he's gearing up for that one. 20% today...... which isn't shabby.

Jeez !........you really are a pompous cn_nt !!

You can add useless to that.

https://www.youtube.com/watch?v=iMpu3zNY-wk

Arthur has categorically said in one of his podcasts that everything must follow government protocol.
Buhari was elected on an anti corruption platform
Kola and Shoreline are ' the new face of Africa'
In short, Shorecan are sqeaky clean and the brown envelope culture will play no part in this.
This has been dragging on for years now and so when one party final decides to negotiate sensibly it's not beyond the efforts of like minded individuals and government departments to agree the details. The parties must have been discussing this weeks before the RNS and probably explains the delay in confirming the financial prospectus.
One thing I would like to know is what happens to the indigenous participation insofar as Shoreline now have 5% with an option for another 10%......just like COPL. I'm sure there are rules on this, and at a guess, I would say that NNPC will probably take a bigger cut from Essar now but whatever the rules are they'll be followed to the letter.
As for the XOP/COPL price discrepancy, Brady's post describes the situation exactly.

There'll be some news and it'll gap up and they miss out but they don't care.
That's the trader mentality, they've got their percentage and they're probably trading many stocks with the stops programmed in.

Bob: I'm referring to baserite's post concerning the 12.21 post.
Just goes to show how the filter function destroys the meaning in some threads.
Then complaining because you've filtered someone and can't remember who.....a bit arrogant and pointless I'd say.......Baserite was a little more forthcoming on that one though.

typo there:

no sense , nonsense.......whatever......

Sorry Bob but I have to agree with baserite. Why put up an arrogant and pointless post like that ??....makes nos sense.

I'm not going over the reasons again and I'm not doing a blatant ramp either as that is not my style.
This a a screaming BUY........that's BUY !!!!!!!!!!!!!
I've never put any opinion on any post, ever, but I will today.
BUY NOW because getting shares at this level is buying money.......fill yer boots or whatever other attire you wish to put them in.

It's no good being a grammar Nazi on here Dawn.

https://www.youtube.com/watch?v=j4hvh5e8-nw

You'll get a thin audience !

Thanks R_Dunc......As always.....Bang on the money!! ( Pun intended ).

The current MCAP is just ridiculous when you consider we are now on for a drill this year on a world class license area.
I think we could set an initial target of 1.67p as historically this has come out as our good friend Bolton's original entry price.
As we're not sure of the number of shares in Issue let's assume 5bn....so that's an MCAP of GBP 83.5million.....which is quite achievable given the MCAP's of some of the recent AIM dogs run by failed CFO's as lifestyle companies.

Where've you been hiding Baserite? Good to see you. We've all still been here.
Bolton probably hasn't logged on yet but he can get on organising the 'Bolton Party' at the wheeltappers and shunters.
Happy Days !!

Absolutely R_Dunc. It's giving away more than I'd hoped but we have a buy back opportunity after the drill.....which is as good as a cheap option.
The main thing now is that Essar will co-operate and the project is no longer stalled and we have a runner.
I'm happy.....in a subdued kind of way.