Member Info for Shpunken

Guys can we stop with £1 a share talk, that ship has saled... Best case is 30p worth of cash on our mc... That's why I keep saying this is now win win situation for new money only

No sale in place for sure.. But I am also sure they have thought of worst case scenario, and have had negotiations... Today's rns is a damage control on the sp.. If this doesn't attract new money, I don't think anything will... I am sure we will hear more on this today, and I think it won't take long for the sale announcement to come.

The pause on Te11 is good news. This will make sure that we are fully funded until the sale.. Only thing that I want to see now is director buys.. Jp has to forget about his salary... I do believe that the herd will push the price up now, potential to double ur money pretty quickly, not many will pass on this opportunity... As for us long term holders, I don't see how we will get anything above 30p...

Exploration u obv didn't read the news properly and now u r posting wrong info.. additional exploration potential in the TAGI and Palaeozoic across multiple leads and prospects, which the Company has internally estimated to include an aggregate exploration potential of up to 20 trillion cubic feet (mid-case) of unrisked gross gas originally in place.. The 3tcf was for short term impact wells.. And sidi is not for sale...

This news will bring in speculators and should beef up the sp bk to 18p... Everyone knows te5 Hurst is valued at 27p (at least). So it's a very good speculative buy now. This was the best strategic move they couldve done. Roth are specialised in exactly that, expecting to see an update within June, this won't take long now..

Schlum are here till the end by the looks of it

I do hope they announce tomorrow that the appraisals will now be priority and will be done in June. Te11 will take forever, we will be lucky to see results by August, and then flow testing if its a discovery ofc... Te10 was a big hit, our sale value has plummeted now.. I am expecting JP to announce that he won't be drawing any salary at all and frankly JJ should resign, has done **** all since joining.. Only thing that will give us a boost is a farm out deal for sidi. We have the gsa sorted. We could sell a 10% stake in our license to fund an aggressive drilling campaign and that will bring the spotlight bk on us.

Sound team won't be bothered too much, yes, another failure, but for them it's a different story as they have no time limits.. They will regroup, draw up a new strategy and go at it again.. They won't be funding the wells personally so they won't care much...

That sidi farm out couldn't come at a better time.. Everyone knows we don't have enough cash for Te11 and appraisal wells.. Can we get a good debt deal? Can we sell 10% of our stake to fund the works and tackle all at the same time?

Sure sure lol worst thing u can do now is call for resignations... Let them change strategy and get us bk to 20p at least

Forget about the LE, won't happen anytime soon now.. Best case we have enough money to drill Te11 or regroup, cut costs, and appraise the previously drilled Wells.. Our seismic now took a huge hit.. What is our license now worth? Do we even still have 5tcf or less.. Jp will need to be ready for tomorrow.. And for his sake I hope he buys some shares today or tomorrow first thing in the morning

Tomorrows agm should be used to stabilise the sp around 15p mark.. 50% discount to our te5 discovery.. Will be interesting to see if they go ahead with Te11 or just throw everything at the appraisal and perk up the sp to do a fund raise...

Looks like sou will be going bk to appraising previously drilled Wells.. Plus Te11.. Cutting costs by 50%... We better see jp buying some shares.. This is now becoming a nightmare.. Tomorrow will be epic by the looks of it

They won't announce a rate that they think isn't stable... So the next update, which can drop any time now, will have to have a stable rate, otherwise no point announcing anything until final results are out with a sustained flow over at least a 2 week period...

Ponkey, thats the general feeling lol

Has more buys than sells, but the number of trades is quite low, average buy size also bigger than sell.. Atm it looks good

Just filter him, brings nothing to the argument, another attention seeker...

Davey, yes that's correct, but in this case, if the initial stimulation results are looking great and they have a very low rust of going south later, they will release the news as the leak will drive the price above 10% and nomad will make them do that. 2 weeks is roughly the time needed for the initial stim results and the final ones should come mid/end of june

Joe couldn't agree more, if there is a price sensitive info they will have to release it. Could still get an rns on Wednesday 7am..

Eric I agree, but the way the orders were placed was very odd, first time seeing this. This looked like a pre rns adjustment, I've seen this a few times on Ukog and Eco