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rise now gone, very frustrating given how other oil and gas stocks are performing.

About what? The bk2 listing will only be material to Vela when its confirmed and dare set.

It needs Btl to rise above $10 to start thinking about the 2p Barbados summer party. However looking at the other investments, these can be worth the current market cap in the next few months, Portr is worth circa �1m, Vibe now with the protection of the original investment will be worth �1m once the new investment pushes the company to the next level. Bk2 is expected to increase once resisted and as with Argo if they both take off we are looking at both of those over �1m. Add the other plus cash in the bank then Btl is in for free. Of course we need to see the detail of the Vibe deal, Bk2 set the date and Argo to confirm listing - if these newsflows are positive then we will be back over 1p very soon.

Completion of the COB Transaction is subject to a number of conditions, including but not limited to acceptance by the Exchange and if applicable pursuant to the Exchange requirements, majority of the minority shareholder approval. Where applicable, the COB Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the COB Transaction will be completed as proposed or at all. Read more at http://www.stockhouse.com/news/press-releases/2018/05/18/africa-hydrocarbons-receives-conditional-approval-for-its-proposed-change-of#FeKiZ0gDcTGyomad.99

But it would be material news for Vela shareholders so they would announce. They may well have sold the warrant shares taken recently, but I think they would announce. In some ways not to have BTL as such a big play in the portfolio can have benefits, but to compensate we would really need to see other investments such as Arg and Bk2 list so the value is measurable.

So for 12 months and some increased production from ESPs we could look at circa $3m profit on a market cap of £9.5m. Now add z21 at 300 bopd and that figures doubles, and then also leads to the potential of Z3, 28 etc being priced in. That's why we are here - if Z21 comes in the SP will move to the 20p area given the current oil price and the revenue 600 bopd will bring in. If z3 comes in? But it's a hard and frustrating wait.

it now does look like the asset purchase will be before the Z21 results. In a way it may be a positive long term as the weak SP will mean equity funding is not attractive.

"Im sure you look delightful in your French maid's outfit Presto! :) Keep up the good " I can't say I'm surprised....

Z16, It's quite clear that they are operating on a tight budget, they've already shut in marginal wells and removed non company operational teams. I'm guessing the ESP delays were also about cash flow and timing of purchase. As S7 said earlier they have got the wells as far as they can with own equipment. It's not great but given the balance sheet of the company they don't have the luxury of throwing cash at both M and Z fields. To be fair its the sensible approach, my main worry is that it becomes another Roxi/Casp where the can is kicked down the road every 3 months. I don't believe this is the case at present.

maybe the rigs going back to M145....

Rising slowly by day without anyone noticing, by the time the herd arrive for the 2nd result or the Seven deal they will be paying over 40p.

looks like the train is leaving the station at 2.30pm tickets please.

fair value circa 0.8p at present with obvious potential on a number of fronts. At a guess we are going to get a Bk2 update given its close to the cut off. Of course anything positive from BTL will give a big impact.

needs a tad more volume.

way above the ask.

the hope is a major blue chip takes on the Interbit platform- if they do the SP will go into orbit. We know they are in discussions with many companies - it's who and when.

In other news, Amazon’s cloud computing division is making big moves in the blockchain space, CNBC reported: It is partnering with Kaleido to give AWS customers access to the blockchain. “They can focus on their scenario and they don’t have to become PhDs in cryptography, we give them a simple platform to build their company on blockchain,” Steve Cerveny, a Kaleido founder, told CNBC.

on hear at present, come on bk2 let's know one way or the other, it's very tight now.

I thought it was about his website....

perhaps some legacy CB holders deciding to take good profit.