Member Info for spike912

By share luck I came out yesterday (was going back on tomrorow!), think I will wait until dust settles as think we may see a few days of red now, albeit not as heavy as today

Well as usual as soon as I buy the price drops lol. Bough in this morning at 60p but appears hampered short term by seller Interesting to see how this plays out now

Plenty of sellers there tho this morning

;) haha ;)

They haven’t reached TD imo. It appears they were only drilling 70m a day (based on 4 weeks to get to 1950m). That is likely to have slowed down again now Tbh I’m not sure what rig they are using to only be drilling 70m a day, that’s likely less than 10m an hour which is incredibly slow. On that basis I would say the last half of the drill is likely around 20m a day. Have to say (and this isn’t deramping) it’s a very slow drill as far as oilers/gas companies go I’m certainly not expecting news for at least two more weeks yet

Mix unless I’ve missed something we were only half way through the drill according to 50pFlute below, al not sure how two weeks over initial timeframe really matters. Can’t see news for a while if we were only half way through last week imo GL

Drilling commenced 7th Jan, so in 4 weeks they are half way through in the case, add 4-6 weeks (slower towards end) imo news end of March which begs the question why people keeping saying we are at TD or testing something. I hadn’t seen the guy saying half way last week (missed it) so I’m no longer expecting much until end of March. We know most drills are late anyway

Maybe but means the bid and ask match at 0.15 so not quite meaning nothing for me :)

Big jump UT at 0.15?!

Vernier, maybe but I’ve seen plenty of other oilers that do release and utilise social media platform Not saying anything either way just be nice to hear something given all email address on their website don’t work! GL

No one can trade this on the spread imo It’s more likely natural buying and selling

Mix I agree, rather steady and slow at this stage. I know from aaog they were drilling at only around 10m a day towarfds the end So I’m not convinced no news is good news, more no news is no news Can’t say good or bad until TD plus is reached really and how the geo is looking compared to the model

Green Dave. There isn’t a guarantee they have even got to TD yet, with a very tight hole, and depending on rig capabilities, they may have slowed down the drilling due to the tight hole. Aaog had similar

Tried texting DB re update. Many did on aaog and to be fair Sefton was pretty good at settling nerves Appears his number on the RNS details Maybe a little we are/aren’t at TD would be nice

Will wait now until raise before I add more, announce a raise and imo 5p will be here. Too risky adding for me at this stage until clarity

That be my top up :) Seems no one knows anything given stability of share price at present

£3mil cash and need to raise by sounds of it within next 30-40 days. Whatever cash burn is that! Yet another disgraceful RNS by the company imo

That will depend on type of rig they have. I’m not sure the rig they have is capable of drilling a wireline logging at same time. Maybe someone else knows the rig type?

Would be nice to have TD confirmed ;)

CFP, if they aim to raise over $10mil it will disiminate the share and that level of dilution will no doubt see people jumping off the ship, which only snowballs any drop in share price I can’t see how that can justify raising anymore that $5mil at this stage, which, if they run cash preservation I would like to think would last them to the end of 2019. At which point they could reassess and be hopefully further down the line with the FDA and have a share price higher The target price of 115p on approval would no doubt be diluted to around 50-80p (worst case) which you then have to ask is the time/risk/reward worth it Interesting times ahead