Member Info for spike912

And we were told they can drill 10m per hour, so they should be looking at 100m ish a day weather permitting so I see a lot of news way before end of January unless they add wire logging and any EWT proceedures

I’m going for news Monday. They must be through R1/R2 by now and certainly over the weekend of not done so already. If there is no news Monday I would be getting rather nervous, as we were told we would be receiving updates per zone. Fingers crossed for news Monday

How many oil plays are you in? Look at FRR, OEX, MATD, all have raised. But we get your point, you’ve made it, as I say please do feel free to sell if your so unhappy. But can we please now drop it. We are all sensible enough to make our investment decisions

Belieco. Let’s add some reality here. Now, you still R1/R2, it flows, you then need capital for next drill, further wells et al. Revenue will not be coming in straight away to start a new well program in the most cost effective manner whilst rigs are on site. Now, why has the ask to raise £5mil been done after the results of R1/2, some would argue that this gives the company the option to make sensible decisions upon flow rates from the current wells, which may be for new wells, may well be less than £5mil, and will hinge on the results form the current well. Personally I have now issue with raising funds IF they are going to add shareholder value through being able to start a good 2019 drilling program This is the norm with most oil plays. In my view your trying to scaremonger and your post lacks any thought process just rant after rant from a disgruntled investor. Until the outcome of the current well, and the terms and reasons for any raise (which may well not come!) there is nothing to add negativity which you are portraying. Can I suggest if you are this disgruntled you sell up and stop littering the board with your grievances over the company, or maybe email then and share there

Belisco why do you say that? I can assure you many do. Do you indeed hold yourself?

Bumper rns with some pics and tweets over the weekend is my guess, but who knows!

Look on https://www.investegate.co.uk/Index.aspx?sector=AIM Plenty on there, nothing for us however.

What happened to the photos promised by Sefton?

James would they be blue 1s or red 1s lol ;-)

Problem is with any T trade you can be rewarded but if news drops you can also be royaly ******* e d with your pants down. We can say for sure if the 50/100/150 are indeed T trades as they are relatively small £ in the scheme of T trades and could as easily be a trader or PIs. T trades have always been too risky for me, but each to their own, I certainly wouldn’t be taking out a T on this company at the minute for the benefit it may bring. Have a feeling news tomorrow.

FRR have been naked shorted and all sorts, to the point the bod have taken legal action against those people

Drill is slow because jean Baptiste keeps stopping work to tweet ;-) lol if you don’t laugh you’ll cry

To buy for last 15 min on Halifax. MM playing a blinder this morning

I have emailed both and will Post replies as soon as received

*not to concerned lol

Hardy, it will be the old jam tomorrow for some and there is already a lack of faith in this company and with further “delays” or lack of news (rightly or wrongly) people will take money off the table based upon the fact the longer it drags the opinion of the less confidence people have in the company. Now, I’m not saying that’s right or wrong, but people will start to naturally question the likelihood of success and either de risk or move away until after news. It comes down to a lack of confidence given the history of Sefton and the company and burying bad news with silence. Personally, I’m now too concerned at this stage after reading nmike post but if there is no news Friday it’s quite frankly laughable given the time taken to drill R1/2 and issue something, bearing in mind it’s likely imo they reached TD Tuesday/Wednesday this week. I think some are reading too much into Friday’s meeting, they need a liscence to continue any drilling regardless of this particular wells success or failure. The meeting isn’t all about this well i believe, it’s holistic for the field and company

Docit, you may be right. I think if we have no news tomorrow morning a lot of people will be selling up imo. I’m locked in now like most probably and sitting on a fair loss so might as well let it run now and hope Sefton comes through with the goods. Hopefully we will have some form of communication from him or Jason today from other postsers contacts. Not looking forward to today’s price action tbh

Docit, the meeting was for liscence on Friday not approval for RNS. But as you rightly say why meet if no oil, then again, we were told before the meeting was arranged that they were only at the horizon of R1/2, so on the basis they would in theory not know if there was oil prior to Friday’s meeting. News today hopefully!

Thanks for your updates strongman much appreciated

How many times have we heard “now at R zone!” And “no problems”, Jesus even a broken clock is right twice a day. All these communications and tweets and now I’m questioning the validity of a lot of them to be honest, given we are having the same comment each day since Sunday/Monday!