Member Info for RonnieB

I presume they are well through the drilling process, now in day 4 to 5 and no update. I would hope if any of the targets had oil shows they would update accordingly. We must assume no oil shows to date.

Positions being taken, if oil shows stated further wait to determine commercial or not. If a duster at least it should not tank any more than 50% and should recover over 6 months period.

If oil shows are logged, I assume they will rns it asap, could be as early as start of next week. I was in another oil company that commenced a 7 day drill, my strategy was to de-risk 50/50 prior to results but on the day 4 an rns was released stating no oil shows.

The next rns could be earlier than expected, oil shows/or no oil shows. I think we could get an inconclusive rns for more tests/assessment etc.

I think the placing price was 0.125p per share, so selling now at a loss.

Well I hope it's not a duster, but going by the wildcat drill success rates only a very small percentage are positive.

I think the mms have this priced in as a duster.

Why if the drawdown is estimated at £25-30m the market cap is only £3m, surely the market cap should reflect this projected income?

The drill apparently is going down 1400m on shore, probably a few days and not a week. Any thoughts.

Anyone know the expected revenue stream from Mako?

If this spuds Saturday, how long to drill and when will news be announced?

If this upcoming well yields positive results (due to stacked formations) this could/will be at least a 10 bagger considering the market cap is only £3m.

The clinical stages will be long and protracted, could take years and placing after placing.

The cake could be worth £70m, but a crumb of a very small slice will not be worth much.

20% share issue and 90% share price fall in just over 12 months.

Stats 20, this is not Aim but main market listing.

If it does go back to £4 get out.

Spot on, with no consolidation would the SP be 0.5p old money? I think not. Who gained from the consolidation, certainly not PIs.

Exactly, better getting out with half the shirt left on your back.

Good luck with getting out at 1p old money on 50% loss; compared to last February 4p (remember it went to 7p spike on the rns day). As for "the investor £4 per share point," I presume there will no future investments unless we get another 4:1 consolidation when it hits £1.