Member Info for Setanta1

This is hard to guess,Les. The 240M placing shares are being held on to probably by agreement between the three placees while they wait for some good news to shift the SP upward. Until they decide to sell the market may not be overactive. Remember that there are only about 110M shares in the free float.EBIOSS got a real bargain here having secured control of the company and a place on AIM for what was in effect probably going to be a bad debt.Their business model looks good, which bodes well for the future. But it still needs a bit of track record to seperate it from association with the React days. Being able to trade freely in the UK must represent a big plus. We'll see!

As with the 19January RNS the interview provided more concern than confidence. Ian pearson alluding to the .65p placing expressed satisfaction that the share price had risen since the placing was made. It was 3p on the day of the placing and it was 2p today. A fall of 33%. Strange rise! He also expressed satisfaction that all debt is now in the hands of Altair but seemed to overlook the �622k still owed to Ecofinance. Nor did he mention the right given to Altair to subscribe to 105m shares at .95p which they can exercise within five years. Nor the fact that the coupon on the Altair CSLN (Loan Note) has been increased from 7.5% to 15% because it wasn't settled in July 2017. Nor the fact that EQT must pay Altair �300k on or before 30 April. It will need some very hefty contracts to begin to take care of that lot. As usual a Proactive interview distinguished itself by being totally unproactive.

Trenchant posts Moonglow and surprised and I hope you are both right. The placing price became a reality when the shares were admitted to trading on 28 December I think there is a lingering feeling that a quantity will soon find their way into the market. Two of the placees are unlikely to hang on to their shares if the price continues to fall. MJ has a long history with this company and I doubt that he would have been so keen to increase his holding so dramatically if he hadn't had access to the .65p placing shares. That is not intended in any way as a criticism, just a likelihood. Good luck to him! But the fact remains that when shares are placed at about 25% of their current market price there has to be a reason for the financial aversion and that is invariably reflected subsequently in the share price. I might add too but I'd like to be a bit more convinced about the next steps. Remember tha EQT must pay Altair �300K by30April and the coupon to the same outfit on the CSLN has doubled to 15%. All that must trouble the market!

Is surely related to the fact that a wide awake broker like VSA couldn't get any more than .65p for the placing shares. Normally the placing price tends to dictate the subsequent SP.

Yesterdays RNS appears to me to be far more concerned with the Altair CSLN than just the repayment of part of the Ecofinance SLF,(which, I think, was on the books from the React Energy time).It declares that Altair "will become the sole beneficiary of the SLF and shareholder of Ecofinance." ! More interesting are the allusions to the Altair CSLN for �2m which was due for repayment on 14 july 2017 but a standstill was agreed between the parties. Now the interest rate has been raised from 7.5% to 15% and the price at which it converts has been set at .585p(!) per share.The repayment date has been extended to 14 July 2020 and added to all this Altair will also be given warrants to subscribe for 105M shares in EQT @ .975p per share exercisable for a period of 5 years. It looks a good deal for the Madrid finance broker! Oh yes Altair will also get �300K on 30April,or before that date if EQT raise finance in the meantime. So, lots of very cheap placing shares and convertible warrants slopping around. We don't know if any of the placing shares have yet been sold.If there have been sales they haven't been more than about 15% of the 240 M placing.. There were only three placees as far as we know and they may be holding still. Clearly VSA has tried to restrict the selling but it will come inevitably. The finance market judged EQT a manageable risk at .65p, and not at the 3p plus at which it was trading. EQT looks like an interesting business but it probably has a way to travel before it becomes a good AIM investment. My thoughts.

gods, Castaway, the undertaking by "the Company and the enlarged group of directors" is not what one has to be concerned about in terms of mass selling. They don't have many shares, relatively speaking. Those with most incentive to sell will be the placees who,(on paper at least), have made millions here in a few weeks. I think that fundamentally Eqtec is a very promising company. The fly in the ointment has been the low priced placing. Either VSA Capital did a poor job or the market wasn't very keen. It looks like the latter. So we could see a further SP fall. About 1.7p might be the right SP! A guess! One final comment. The company needs to find a better RNS writer. The latest offering is almost incomprehensible. But then again the Nomad must have passed it.

Where did you get the information that there would be no further placing for six months,Luther?That would leave Eqtec with a �300K interest payment to Altair on 30April 2018! (Todays RNS).

I certainly don't want to upset any recent investors here but I would very much like to know wht the BOD placed 240M shares at .65p whn the Sp was multiples of that price. I can't find any evidence in the placing that any of the placing shares were locked in, something that is virtually impossible to achieve in any case.Normally the placing price is the highest price the adviser can achieve. Also am I right in believing that they have made 105m warrants available to Altair at .975p apiece ? To be honest I found todays RNS very strange.How do Altair become "the sole beneficiary of the SLF and shareholder of Ecofinance?" Confusing!

Of course. Correction taken, hick.

Some knowledgeable and very interesting posters here. HAWK does not lack for opportunities. |It just lacks the funds to exploit the very worthwhile opportunities available to it.The Broken Spear development area is bigger tha Arikaree and the three wellsalready there are producing more than 50 bopd each with at least 25 more possible locations in the area. I think the full year report and accounts will show Hawk to be profitable.A settlement with CBA and a refinancing with them or another lender could see this being very like TRIN, a great recovery story and stock. One could easily imagine Hawk being a 2000+bopd oiler. I repeat, all it needs is the money to go on drilling. There are obviously some major hurdles to clear and there are still important questions about the strategy and possible intentions of the big shareholders, bur I'm guessing it may all be resolved by mid March. An interesting watch!

A spike tomorrow would have some logic to it !

A spike tomorrow would have some logic to it !

JC is certainly the beneficial owner of at least 25% of Nighthawk and there is no reason why he couldn't hold another 25% or more through various nominees. That's why there is always the risk for small private investors that he might take the company private. It also means that a majority of HAWK shares are tightly held and that positive news,(for example on the CBA loan), could see a very large surge in the SP. Interesting times.

HI mcadder, your reading of the RNS of 22 December of 2017(!) is different to mine. I read it that now that the EU funding had been reestablished the company would raise the �2.2m and that the contractors would make their additional loan contribution of �1.1m ( leaving INFA with a round �7.4m to enable the FEED programme to be completed before its due date in December 2018.If the �2.2m funding had been available earlier INFA would not have been launching a placing at the bargain basement price of .4p, which is what caused the relative collapse of the SP. I believe, and hope, that there must be much better sale or farm in opportunities available but those who might be party to them would need to be convinced that there would be substantial government finance available to back their confidence in the Islandmagee project. So far there has been no indication that the UK government intends eo back any gas storage project and NI is effectively without a government, so it can't act. I think that the funding I have noted above will rekindle interest in INFA from investors. Clearly a sale of the project would be the best outcome for investors like ourselves,and that could happen but it may need more time. That is my reading of the RNS but I would like to have an opinion upon the matter from long time holders and solid investors here such as spud and crl123 to add to your opinion and my own! Go well.

Just read the RNS of 22December 2012. Infa is in discussion with possible funding partners to raise the �2m to get on with the Feed part of the project. When the �2m is secured that will bring in secured loans from the contractors and release the EU funding. I cannot imagine why it is proving to be so difficult to raise such a relatively insignificant amount for a project which seems to be important, I am even more astonished because Adrian told us last May that securing the funding was guaranteed.Hopefully we will see some good news on the matter before the AGM later this month.And such positive news will have a positive affect on the share price.

So how can you account for JC buying 20million shares last month? You think he doesn't know what's going on? You can bet he does and I doubt he thinks HAWK is bound for administration!

about which wells were, and are, subject to workovers is largely irrelevant to the big picture here. What is relevant is whether HAWK is profitable on a day to day basis at the currently reported levels of production. It is! Also of relevance is what will happen to the CBA outstanding loan. One man knows the answere to both of those questions, I think, and he bought an extra 20M shares about a month ago There is always a risk- that the company may be taken private. That is also something we PIs might worry about.

So the only source of information is in the RNSs. One can interpret that, despite the fall in production the revenue is higher than it was at this time last year.For the first half of 2017 HAWK had revenue of $8.7M and that was achieved oil price of $47 per barrel. We can be certain that the revenue for H2 2017 will be significantly higher despite the fall in production. At the current oil price the CBA loan outstanding of $21.25M, (when last reported), looks to be eminently manageable. Assuming the oil price remains where it is and assuming that production does not decline HAWK will have revenue of over $20M this year.. The workovers showed a decrease in production of about 10%, so they don't look like anything too major. That leaves us with the background noise. JC stepped down as a director and increased his holding in HAWK to 18.6%. Hardly the act of a pessimist! The surprising thing about HAWK is the MCAP of �3M. Derisory in the circumstances.So why haven't the investors jumped in to take advantage of the same opportunity that JC seemed to like so much? Well that takes us back to AIM. Nowadays it is a spike dominated marketplace. The investors and traders buy and sell on the spike,(and why not), because they have learned that that is how to make money. When the interested parties have finished with their machinations and the good news is released HAWK should fly.

Hi crl123, in response to your question I am still in on about the same basis as yourself. I'm more optimistic than I was a month ago but,like you, I would like to see some positive news.Good to see your other main bet is showing distinct signs of progress. Go well!

I think I found the solution to at least part of the jigsaw. So time for a rest from posting for now. Thanks jfk9. May even be time to buy some more!