Member Info for sankeys

bent over the table?

depends where the rig is being mobilised from and if it is idle at the moment. They are already in negotiations so I would think ops will resume in June, there are others on here who can tell us roughly how long the last section will take if it goes to plan.

we will see on Tuesday who the chump is, on recent history I doubt anyone is placing a bet on your predictions. A little knowledge of TSX regs means I've won already.

what you're really saying is that anyone believing they will actually list Friday or Monday is talking Shiite? I agree.

Vela RNS wont be Monday, and I'm 99% certain that blk2 wont list before then. Im expecting news Wednesday.

hitting after close - sentiment is low and no one really knows when we can get a rig. For most of us know its just a waiting game.

happy with a level day after 3 strong rises. build some support in this area, clear any remaining sellers and try to take out 0.8 before RNS blast off to 1p. News has to come from Blk2 end of week or next and we are closed Monday.

yes sorry, I forget its not Aim - but agree makes no real difference for Micro caps.

you need to look at live SP and trades.

there you go, Canada buying into Vela for Bk2 exposure.

they pay you cheap given your links with Rolf Harris.

ok, it's a step up from previous. Long term there plan will work, short term they are restrained by cash flow so things are slow. On Aim you need good newsflow to keep momentum in the SP , which I always thought we would get with the work overs and ESPs. I didn't see this as an explo play when I invested but in reality with so much resting on z21 etc it has become that.

they play with the spread alot, any significant buy will pay .70 and push the ask back up. let's see what happens later when Canadian markets are open. Anyone wanting to get in bk2 before it relists needs to do it via Vela.

has put pay to the rise for now. same happened around this price last time. let's see if BTL can help us this arvo.

working that back at the current 2017 production of 250 bopd we would extract just over 2m barrels if reserves, times that by the $5 and you get to roughly the current market cap.

to extract the 30m reserves over the rest of the PSC would need circa 3500 bopd, that's just from M which is currently 300 bopd, not including any Z production or reserve increases. So yes, simply times production by 10 and you can do the same to the SP as a rough guide.

the key is the confidence in Zen to be able to extract the resource commercially. At 30m recoverable plus the prospect resource in Z, with the new zones in M and Z - at current oil prices even on a high NPV30 discount you are getting at least $5 per barrel value or $150m - $250m. Take back what further dillution and debt to get to this. Upside is clear - the success of the work overs is not.

I think we need news to get past 0.80. bk2 relist date would be good and the pre hype it would bring. Anything from Vibe, Argo or BTL all welcome.

really- which one of Changs hundreds of predictions was that then? getting one near doesn't really make him a prophet. Why people are so obsessed with the need for one is baffling. Oil price predictions are always all over the shop because it's so volatile on politics and technicals. Opec meeting in June will decide where it goes next with most countries involved wanting to end quotas.

TSX is closed today, so it cant have fallen that much...