Member Info for sankeys

Who’s hired Degsy?

The convertibles have just got 5.4m shares at 2.1p, it’s likely they will sell these the next week or so taking a nice 75% profit.
Not masses to clear given current volumes.

He got in last week so not at 25p, much closer to 30p. I’m in there at 27p so he can ramp it to high heaven if he wants.

If you want a lesson in ramping take a look at the ADVFN I3E bb, flawless has gone into overdrive.

Sold into again, even thou there was no short term profit to take, Miton who have been selling down on s number of oil stocks own circa 8.5%, perhaps they have been here also, but until we see a TR1 it’s all guess work.

Real mid price is 3.50, so the 3.40ish buys are probably sells.
Not sure why the bid/ask price is at no movement, clearly it has.

Any short term spike will benefit the volume producers, it won’t have any effect on the SP here. Most companies are using an oil price of $65 on valuations currently which it’s still below.

You wouldn’t get value for the asset based on one drill, it will need at least 2/3 appraisal wells to firm up the 2C - then let a buyer progress with the FDP and production.
Any decent production and the likes of PMO who have tax credits to use and are looking to replace UK reserves could make an offer given they are to receive $300/400m for their Zama asset.

It will flow over 2000bopd, that’s fine - we’ve just got a week to prey they remove the mud without throwing a metal object down the hole.

Lol, yes some oil would kinda be good.

Good weekend all and let’s take out 4p next week. Can’t gave them Canadians and Vikings showing us up.

Your spamming is getting right on my wick.

Seller still present and it isn’t PIs.

Back to that 23p level, whilst it may dip on this I think pretty much it will be strong support here with the amount of buys here.

You’ve all been sniffing glue, SP will only move on flow rates, not badly worded Carver dribble.
Looks like Flawless is already selling his trading pot whilst on the A1 ramp.
If it hits 12p today I’ll marry Roy off ADVFN...

What they doing November and December then? Take out the upper C how long to deepen a well ? 3 weeks? AC talked about back to back work overs.
Can’t the other rig be used.

Lol, fair plays to the guy who went to the meeting.

Yep 500 by year end would be great. I was bringing up the point as I don’t want new investors to think 125bopd isn’t good, 50% increase in production.
Once they unlock the method to deliver production the SP will rerate as the 30m reserves are priced in.
On current holding I would need 12p to get all my money back here, I’ll look to buy more if the results are all ok.

That’s the problem, he’s saying on track for 1000 without testing and one well not even started. So how does he know it’s on track? Secondly investors now have an expectation that these will achieve 350bopd because of this, even thou 5bopd to 150bopd would be a great result some now would not see it that way.
Lastly why would there be no other of these wells this year? Surely they can deepen a further 2? Or is there a weather period that stops?

Are we sure this target is end of calendar not financial year? When I watched the Bonnie interview and the target was discussed, I thought he really focused on talking about a number of back to back wells, I think it may take 4 or 5 wells to deliver the target which is still very good as they should be able to complete one a month.

After past results and the A5 flow test, I think investors want to see clear bopd results till making that jump.
Looks good and hopefully somewhere around the 3500 should be achievable.

Yes agreed, flawless getting carried away again on the other channel. Mud weight is measured in litres , anyone spending time trying to work out a bopd should be taken out to the back field and shot.