Member Info for spike912

Anyone got link to today’s pod cast? Thanks

Funny how all the trolls suddenly appear on good news, half the people here now posting were no where to be seen the last two weeks whilst the loyal posters keep sanity here. Make of that what you will, good news they appear likely missing their entry. Good luck boys

Investor1111 the share doesn’t need ramping, the fundamentals talk for themselves and as for 1.50p good luck waiting on that one, you think a mcap of £2mil at 1.50? Righteo-ho!

This well was confirmed as fully funded

Not sure if my buy at 2.49 was a bit heavy, more than I wanted to pay but confidence seems to be coming back. Good luck all

Edde why? And say what? Imo they won’t issue anything. No need to without creating more issues

And out they come the trolls and shorters ;-) always a good sign

Some may also be nervous or the raise, as I said yesterday we risk the rise of good news being held back by the risk of a raise, with one off setting the other short term

You’ll always get the sellers out first either trading or happy with 10-20%. Let’s see how the next few days are and how stable we become. Target for me to hold 8p prior to mengo, after which all bets are off the table if that’s a success

Mmafr thank you and long may it continue! One of the better boards to be in here. A lot more mileage to come this side of Christmas.... Santa is coming people!

With the wire logging it maybe we may have to wait until early next week, but I can wait ;-)

Strongman, so on that basis you’d like to think we would be at mengo zone by Thursday ready for a nice Friday RNS ;-) well done all those that held their nerve!

Should bag this week imo, probably on reward of mengo now alone let alone denjgo! Got to be seeing double digits again this week

Bladey, I was under the impression we would have some form of oil confirmation? But good be wrong. Either way a great result as long last for aaog. Roll on mengo end of the week!!!!!

Should hit mengo buy Thursday imo

No mention of flow or oil at R1/2.... just “as expected” looks like they will wait and issue full flow results from all zones

I agree there richardlcullen, but I think they need success here first before that as it will be very difficult to raise the money without killing the share price, sentiment and any trust in the company. Much will hinge on the current flow rates now being worked

Interestingly from the GM RNS, and for those that see the £5mil raise as a negative “There is no certainty that the directors will use this authority and there is no intention currently to do so. Moreover, there is no certainty that any eventual financing of the Company will involve the issuance of equity at all. If granted, the authority will last for only six months from the date of the General Meeting, The Company will provide further updates in due course” For me this sounds as if they are hopeful of a good result from TP103/104, and are being prudent to have a plan in place to raise additional funds should the need be, upon flow rates and revenue being finalised. The words “no intention to do so” (use the funds) and “will last for 6 months only”. Time limiting this seems to me that they are hopeful of revenue within the next 6 months. This is not a catch all raise, and we need to be clear on that. It’s simply prudent business sense at this stage working in a cost effective manner. I think some are assuming the GM will be a simple 100% we are taking the £5mil from shareholders, and this isn’t necessarily the case if you read the RNS.

My only concern is news is being held until the GM to coincide with the potential £5mil raise. Now, is this being done for a reason? I can’t see the company falling on TP103, and asking for 5mil at the same time, it would kill the stock. Option b, could be issue great news on R1/2, and ask for money at the same time given there would then be a real shareholder value for the raise in order to continue drilling...however any raise may be less than hoped as the good results would potentially be slowed due to subsequent raise. I really don’t think Sefton is that stupid to ask for £5mil after messing up this well, it would show how incompetent the company really are. It is much easier to raise on good news. It wouldn’t surprise me if we had something along the lines of we have oil at R1/2 and now need to look at funding future well/current well to add shareholder value. Most PIs wouldn’t have an issue with this. But then this is AIM!

Luckykids, imo if they hit a duster (highly unlikely) we would have been told by now, this would be price sensitive news and could not be held by the market given TD would have been reached by now, added to which Jason’s comments were that mud was being cleared over last weekend which only singnals positive news for me. As I say, only my opinion but any hint of a duster and news would have gotten out imo. It is more likely they are logging to enable sensible results to be issued rather than “we just have oil shows”. It’s far to quiet in my view for it to be seriously bad news