Member Info for SeaHawk

Noob I would rather he just stopped misleading people. Why was that Fri interview released.

BP I thought it odd that we weren't preparing the next site when we were already a month into this drill. If they were going to stick to their plan of 3 wells in 3/4 months they should have been preparing the pad for the next site almost as soon as they started drilling, but nothing. So the plan was already out the window after a couple of weeks. I wonder if DM got so excited after the first sniff of gas that all other plans got shelved because he thought they were home and dry. If that was the case the Board should have got a grip of DM and told him to calm down and stick to the plan.

Not good down 13% already, this is why the company should have had a plan ready to roll even if it was just we will prepare for the drill at .... which we hope to start drilling in the next few months. They have left us dangling and look like they have no clue.

BP what is so sad is its become obvious today how many people have been sucked into this share who clearly have no clue as to the dangers involved or how companies operate in this environment. As you have pointed out 80m loss between us all today and yet very few comments on DW last Fri interview and his ramping when he must have known what was coming. How do you continue to trust somebody who does that.

Dirty just pick any small oiler and see what they have to give up to get a major to come in and dig as much as one hole with them. Anything between 40 and 60% and you are asking for many drills and 3d.

Agreed Charlie and my message to the company went before lunch. It may well be that we are just too small to take this on bearing in mind the importance of HE in the future. We might well get gobbled up by a major and sadly I have no doubt this would be supported by Govt who if they think there is loads of money to be made, will not want some minnow like us phishing around. Kinda depends on the real technical results they got and not what we might think they achieved.

You hit it on the head Geeman if they are convinced the gas is down there then they should drill again (unless the rig in incapable of doing the job which may well be the case) either way they need to tell us the plan otherwise the SP is going down and we will all be losing more money.

Just so everybody understands Dirty if a partner comes in and funds 3D and further drills they will take at least 60% and maybe more. I do agree DM looks a bit lost at the moment and I strongly suspect he was certain this was the drill. He needs to pull his s..t together and at least get a draft plan out preferably tomorrow (he has had time).

Two hearts you may have just identified a problem. Looks like the second drill was funded by HE1 but how much has the broken string, lost drill head and delay eaten into that money. Maybe we are now waiting on Mitchell making a decision as to what happens next eg are they going to take shares or are the company funding the drill.

Bel6 they would have known that there were problems when that was released (lets face it we were a month behind the programme) and they would have still been getting information from the drilling mud and would have known they had not hit the motherload. He should not have done it.

Sorry did not make myself clear, it means that they will not be drilling the deep stuff until next year unless they are incredibly lucky and there is a rig in country. Having now listened to the interview they obviously did not find a reservoir, otherwise they would drill again. So now were off to a site to have a go at another target, just remember they drove past this target to get to the 'must drill target' so presumably the chances of finding something is lower. A plan is urgently needed otherwise this SP will move further down.

Bel6 if that's the case then we are going to get stuffed as these rigs are not easy to find in that part of the world. Can anybody else confirm this.

bamb if it was a success DM would be announcing that they will be digging a new hole at the same location ASP. They are are already set up and ready to go but instead it’s a maybe. Time will tell, if they move then it’s not a success apart for more info.

71 if you have hit the reservoir you would be seeing lots of HE.

Phantom they should have some idea if they hit the motherload because they were still getting the drilling mud to the surface and able to analyse it for HE. Yes we have not been able to get the finer detail but I do not think we hit a helium discovery as it would have been more than a show. They have given us very little detail so far.

Noob but I was not deramping was I. I had concerns about the lack of communication from the company. Does not matter now, what’s happened has happened, do you still have faith in the CEO?

DP yes it’s good providing its full of gas which in this case it’s not. Shows do not make a commercial gas discovery.

BP this has and still is a very bullish board and certain individuals should be hanging their heads for their name calling. I did reduce my portfolio on this share a couple of days ago but clearly not enough ( I should have sold the lot as my gut was telling me) I will let this settle and see what DM has to say for himself before I decide if I want to stay in a company that does what it has for the last couple of weeks.

Yep BP played by yet another CEO, happens far to often on AIM with no repercussion s for these individuals. I want to know when he knew this was going wrong and I suspect it has been quite some while, hence the lack of RNS.

The fundamental problem for me is that I have now lost trust in the CEO. However good the prospects for the future are if I cannot trust the CEO then I need to have a long think as to if I stay with this company. All those bullish statements about talking to Helium buyers and bringing the programme forward. All complete rubbish as he already knew he had a major problem with this drill.