Member Info for sankeys

BMD states they will need to raise in next few months, a few months takes us to the end of the drilling campaign where the plan is to raise the money for FOIL, of course this was to be from reserve based debt but there could be some equity needed now given recent turmoil.
They will only get to raise equity if they are successful with the drill, so that’s fine by me!

Looking at the SP they aren’t the most successful outfit about...,

It’s possible, but shows and a commercial find are two very different things.

What are you on about?

It bugs me when people throw this term around, just because they have read a book on trading. I’ve read many of BBN posts, and he really doesn’t do that at all, if you actually understand what it means.
With companies/drills like this we never have all the information, otherwise this game would be easy. BBN is only commenting on known facts, which at this point in time is oil production from Lib:Ser is still very much a reality, doesn’t mean it will happen but has just as much COS as Aim peers. At this SP the risk/reward is worth it in my mind and have acted accordingly.

DeniaP,
We didn’t exactly hit it off when I joined this bb, however I would urge you to carry on and say what you think. I bet many others do. I don’t see the point in these bbs becoming happy clapping propaganda machines - of course some who have now come over here have a clear agenda.

Liquidity- when you have 2.5bill shares due at 0.9p - that price becomes a black hole to buys and sells.

Although we jest, they are using these couple of shares and a few others to totally control the SP.
From the start of September till now they have managed the book, with a brief uplift to 26p when results were due.
Annoying as i think we would be 28/30 now given some of the buying we have had.

Hi MO, with your love for all things technical you should maybe change the header to tinder watch : )
Hope you are well and not still flogging that old Enquest dog.

Why are all the UJO poodles on here? Or are these all Coils puppets?
Who cares about UJO, the WN play now is RBD. It’s not ‘ nailed on ‘ at all, they haven’t even done the EWT. There’s risk, but currently on paper it’s a good deal. Short term we are worse off and someone made a good point in that there is no shareholder value with constant dilution.

Close the door.

Back in the day Desire Oil infamously turned oil into water, now Zenith have found the secret of doing it the other way round.
We were at 4p, this result would have got to 6p at least I reckon, now where? Because there could be a RNS next week saying its water again! They need someone from the company who is actually in the industry to talk about the results and the well. Otherwise it’s hard for people to invest when it just seems all over the place.

I put a lot of extra money in the week before based on interviews and history of previous wells, selling at a loss on the first RNS, it should have made money. I still have my core holding but it’s bitter sweet.
However I’m really happy for Ez, Kells, AJ etc as this must seem like an extra life moment.

I really can’t understand the first RNS, what was the point in killing the SP?
They have a great result yet AC has still messed up with how he’s handled it.

No that’s a bit better!

1.38 first buy to be precise, I have bought 5 times so far, but best price 1.15, day before it dropped to 1p!
However after s healthy quick 100% profit on Prem I have funds I can put in here. There will be an overhang and some iis will be fine with taking a 10% profit for a few days work. So I think I will be able to buy circa 1p which will take my av down to 1.12p. I know your upset on the 0.9p placing price but to be fair, for the amount they needed it’s a good deal, if WN is what we expect then everyone wins.

I think so, could be A8 is doing well or they are ready with A5. If right we really need to see a few tonight and tomorrow.

Well I was labelled a troll for saying the CPR would be post EWT, the BOD must be trolls also!
As per DB interview, pre EWT they expect to publish the data set from WN, this will give you P10/50/90 OIP values with an implied value. Of course this will be company data and not independently audited.
After they have data from EWT they will release the CPR, probably late Q1 2020.

2.3m shares reduced from stock on loan, adds to the theory that iis are reducing hedges before sign off. Looking at big trades you are paying nearly 25p for any volume. Add any significant buying pressure on news then I think the SP will really move thru 30p very fast.

Baker Hughes staff getting in...