Member Info for Shedulike

In fact incredibly excited but I thought we'd do more on this RNS. Guess there's still plenty of sellers out there that aren't interested in the endgame. Funny thing the markets, I see that EUZ has a bigger rise seemingly on speculation that things can't get any worse! Not a recommendation.

This is monumental and I'm sure like all LTH's I intend to enjoy this change in fortunes. Just an interesting aside though we often muse over leaks but it's hardly surprising when an independent production company are given a script saying that the new well is "potentially much larger" than our existing discovery. I guess they had to sign legal's but a lot of dweebs at a pr and design agency knew before us. Anyway just an alternative thread in case we get bored of wallowing in our discovery - won't be offended if no takers!!

....... on the other hand (yes I'm getting carried away and I don't care) if we have unlocked the strat play, oh my days!

Interesting Ducati though not sure I'm quite feeling the "immediate returns from their investments" :)

On first reading I thought it was a pretty extraordinary disclosure to be made by email as it appears to confirm that we have unlocked a gas play and we just don't know if its the biggy. However if you read it another way he could just be saying that they don't know if they've unlocked either play. It is tantalising though and with the new conservative style of communications I reckon JP knows they have something significant.

Ho ho while we wait it is great sport reading posts from some of the new handles. Anyone who's been around for a while has encountered every species of charlatan and troll and can spot them in milliseconds. Some of them don't even seem to be aware you can review their recent post history with one click - such fun!

I admit that my thoughts are loaded from a LTH's perspective but I assume it's much easier to keep a lid on the data coming back from the logging rather the general success or failure of the initial drill. Obviously everyone including catering staff and delivery drivers are going to be aware of that and even more so the flaring of gas which could have explained the leap last Friday? Thoughts welcome from the practically experienced but I would have thought our fortunes are now known only by the inner sanctum.

Why haven't you scarpered then if you're a trader 'Trader43'. May I reacquaint you with your post from Monday?

"I did exactly the same thing this morning (bought in at the highest price)
I got carried away with Fridays rise and I saw this share got a mention in the mail on Sunday finance section as it was the third biggest AIM riser of the week
I’m already about 10% down so I’m hoping I haven’t made a big mistake buying in
I guess AIM shares can be pretty volatile, so hoping for some good news soon". Trader 43 (Monday)

Trader, on Monday you were bemoaning the fact that apparently you had bought in on the spike after seeing SOU mentioned in the Mail on Sunday. You're not an advisor to Chris Grayling are you?

Yes strange, since the TVR RNS almost all selling. Hopefully just prompted people to de-risk with the possibility of an update tomorrow. We do have a history of the market 'anticipating' bad news though which is making me nervous, oh no that's done it going to set Shaun off now!

Oh lighten up Shuan, not because of the SP (did I mention the SP even?) - could be an operational update.

We still have all morning for an update and perhaps a New Years Eve flare on Twitter. I know we're not supposed to be like that anymore but it would suit James' sense of theatre, you heard it here first. Yes I'm getting carried away - don't care!

PNE79 do you mean the Board of SOU is a psychiatrist's wet dream, this board of posters or the bored generally? Not after a fight I generally find our take on things similarly aligned. Hope the good news keeps flowing and the SOU board love-in continues if only for novelty value! :)

To be fair I don't think there's been too much talk of cars except in an ironic sense. I pointed out that it is our geology team that has named the TE-11 target the 'Veyron Zone', yes tempting fate as if we needed that. I remember being a little critical of some of the chat that bordered on smuggery during our first rise, well we've paid for that in full now and if things have turned for the better I wouldn't blame anyone who has suffered the rise and fall of SOU to wallow in it to the max!

Yes I felt the need for some cross-section diagrams to understand it, would be interesting to get something but thought I'd wait to find out if it's something to gaze upon lovingly, or with a 'what might have been feeling' before I ask:)

Not much choice Foxhat if we drill TE-11 - they went and called the target the Veyron Zone, groan.... If TE-10 isn't what we're hoping and TE-11 misses it will be more like the Vauxhall Viva zone (circa 1980).

I think I agree Jag, if TE-10 has delivered a result there's no telling what the SP will do and the crazy valuations will be circulating again. The bullish mood might well support TE-11 and rolling again, for all we know we may have to. However we have stared down the barrel already and I would favour an exit at a reasonable price partly for the reasons you outline but also the risk of TE-11 taking us further towards a possible crisis in the global economic cycle.

Please stop Mapp, please in the name of sanity please stop, pretty please?

Try posting a bit less then Mapp, that should help. To be honest I think events are being framed by the dismal record of AIM companies generally and particularly when matters turn ugly over debt. While that evidence is not irrelevant, if you look at the case of FRR in isolation and take Zaza at his word then a very positive outcome is likely. If there does prove to be a chink in Zaza's armour and investors weren't privy to the exact terms of the debt then there's a big problem. Well we're going to find out soon, have we been hoodwinked by another slick AIM performer or are we to be led to the promised land? Which is more likely? (wish I hadn't added that)!

Naturally most of the analysis to date has been heavily aligned with Zaza's position but if he has withheld information from shareholders then I'm afraid he's in trouble and so are our investments. Outrider's methods might be morally questionable but that is of little help to us in court. If our case is based upon the failure of fiduciary duties of one rogue Director then we need Zaza to have conducted himself impeccably. No doubt if he gets us through this he will be a hero but if it transpires that shareholders have been carrying more risk than they knew about there should be questions asked, assuming we have a company left to care about, very worrying times.