Member Info for Sausageonstick

... we'll hold on to todays gains tomorrow

There will always be caution I guess until confirmation is made to the market. However, with Roland's frequent updates across the topics I mentioned earlier, repeated below, the confidence should build and caution ebb away. Nice 5% rise today, so let's hope we hold that rise. Looks like Roland is providing updates every 2 or 3 weeks so we could get another couple of updates before the Christmas break.

Flow rates.
Barrels produced
Prices and quantities sold
Farm out talk update
Column of condensate removal update
any CSS update

No saying it's the same person with all the 5,000,000 buys, but it could be

Nice to see the steady flow of blue trades and up 5%. I'll take that every couple of days up to the farm out announcement.

Agree Gordon,

Hopefully much of our daily, weekly, and monthly spent is now being mostly covered by the revenue generated.

Next update I'd really like to read about

Flow rates.
Barrels produced
Prices and quantities sold
Farm out talk update
Column of condensate removal update
any CSS update
there's the ASX delisting but I think we know all we need to know there.

So plenty to update us on next time Roland.

I know in reality it probably isn't 22% but that is what people read unless they are prepared to do a dummy buy sell.

Lift the Bid and we will be away, great update today with revenue rolling in. What's not to like??

Heading for sub 10p in my opinion.

They continue to not meet output targets just as the rainy season arrives.

Placing coming around 8p in my opinion before year end.

For me, simplify corporate structure running parallel with removing the condensate running up to the end of this year. This gives the farm out agreement free run in the new year to get it over the line. I guess they can only go so far with the farm out agreement until certainly the condensate issue is sorted.

Going to be an exciting next few months, with, hopefully, a few updates from Roland.

Looks like someone loading up.

Time will tell, but my view still remains there will be those in Oz that dump. Not because of the company but because they don't want to trade on AIM

Yel, disagree

What's to stop them transfering ASX shares to trade on AIM?

We are going to end up with approx 2bn more shares being traded on AIM once ASX is delisted.

People will be unsettled and some (not all) will sell up. If you are looking to buy in or average down, my belief is this is going to get cheaper before the big news on condensate and farm out are announced.

Get this news out the way then deliver the big announcements.

Nice chunks being bought at a great price, 4,260,942 @ 0.09599p

Gordon7

I've no idea, I'm just postulating.

I'm sure we will be given an explanation as to what the implications are for UK AIM investors.

I too believe it's a pre-requirement of any farm out / JV announcement.

Maybe the new partner has told Roland to do it before the deal is announced.

EspenV

2 x 5,000,000 buy gone through, cheeky top up?

VacationF,

I agree that it is better to get this done before the JV and all the good news begins to flow.

I said that worried Oz investors would sell up, those that troubled by the delisting on ASX, not everyone will sell. My view is that some will and enough to drop the price early next week. This brings opportunity to buy in cheaper or average down.

So 2 bn shares will arrive here and a load of worried Oz investors will dump.

Oh well, it will give a cheap opportunity to average down again I guess. More pain before the gain. I am hoping that Roland is getting this out of the way before the good news begins to roll in.

Has anyone contacted Roland and asked him what happens to Oz shares?