Member Info for SilverTrader

..if there isn't a FO by the end of the year.

The oil found at ICE1 isn't going anywhere, the acreage isn't getting smaller, and the PoO is still way above what is needed to earn a profit from extraction.

Even though the weather by the cost is surprisingly mild, I am totally chilled about things. This is now a medium to long game as even if we don't get a FO soon we still have the Winx drill and Yukon to look forward to.

As another LTH, well said that man.

Could be a tree shake attempt by the MM. If so it may indicate that news is on the way.

I just topped up with another half mill.

It may be pocket money to you but the thick end of £5K makes a hole in my bank balance!

Use the filter button. I do so I miss all of the less interesting posts and solely see the ones about oil.

Can you please do something to influence the sp upwards.

This sub-1p sp is really hurting my bank balance as I keep buying. I'd rather be selling!

The end sentence of that article says 'The Sunday Times reported that Ineos had put down a deposit in exchange for three months of exclusive talks with ConocoPhillips.'

Be nice if someone gave us a deposit to enter into exclusive talks. We need something to kick start an sp rise.

Personally if it goes into 2019 then all I need to be convinced of is that the extension is for DW to secure the best deal (for the company and shareholders), and not him chasing a potential farmee for a deal at any cost.

So far my confidence is pretty high so I would love to have an announcement that talks are progressing well.

What a great start to the day, and hopefully the naysayers can now be put away for the winter and we can all bask in the glow of good times to come.

When you itemise it like that Phrontist who wouldn't want to be involved!

Lets hope they are queuing up to shake Dave's hand on a deal.

I agree.

The next few signals from the company need to be continually positive pointing at progress achieved and milestones being reached.

Confidence needs to be restored for the sp to reflect the potential.

I am not sure there was too much in the RNS that we either did not already know, or were expecting.

Clearly the big news to come revolves around the farm-in process and what that entails. There should be some money coming in to the company for the data rights etc alone so hopefully thats the last cash call we will have to see for some time.

I agree with Brom about waiting. Those that are holding now at a realistic price (so either bought cheap initially or have averaged down via taking their rights) just need to sit tight and wait if your situation allows you to do that. Hopefully by the end of the year we will all be in a position where our shareholding is showing a profit of some sort, so then its just a question of sell or stick, but either way the shares you hold will represent a greater value than today.

Its only circa £27K - peanuts in the scheme of things to come.

Picking up on the highly recommended post by Phrontist at 12.05, and merely for the minor purpose of thinking how this could affect the rest of my life, what are peeps thoughts on the sp suggestions he made? (which are):

SP should have significant rise, particularly if Tier 1 company is Farm Out operator.
4p to 8p depending on operator selected and terms of contract.

Until this contract is signed, and following RI, the SP will be sluggish IMHO. But possibly rise to 2p up until Farm Out RNS.

Investornoob, many folks on here have too much time on their hands and enjoy a wind-up.

I strongly suggest the filter button. When I look at this forum much of it is filtered out as I am merely interested in useful discussions about the company and its prospects (good or bad). The rest is nothing that interests me.

Oh, and don't worry about the typo, we all make them from time to time.

I listened to DW's interview on Vox just now.

He seems very relaxed about things and certainly points to a bright future.

Like everyone I am here longer than I really intended to be, or hoped to be, but I am pretty relaxed about the current sp. Its a waiting game and in his interview DW outlines the road to recovery.

Worth a listen.

Also topped up - nobody tell my wife!!

Apologies if this has already been highlighted but I like this 'The Directors of the Company have indicated their intention to take up their full entitlement under the Offer'.

'Their FULL entitlement' - to me that's an indication of their belief in the eventual outcome.

(Brombarb) '..best not to believe everything posted here..'

Never a truer word!

I believe what the Company posts on its website or in an RNS, everything else is merely fluff to be read (if its from a valued board member) or filtered. In the meantime I'm simply waiting for some good news on the farm-out.

I agree. In fact the last trade of 500K (showing as a sell for some reason) is in fact my top up.