Member Info for spike912

I guess you have to forget the share price and look at the mcap and ask yourself if we flow all 4 deep wells, into production, will we be looking at a £800m plus valuation on the company as opposed to our piers ?

I tend to focus on mcap rather than share price

But, there is a LOT of news coming in the next 4 weeks, and if A8 flows, which reading the interims they seem very bullish on, this would turn the company cash positive and have a large impact on the share price

Short term with one deep well flowing and three others about to be perforated, with a combination of results, expectation and potential, my best guesstimate is around 20-30p short term, until full production is in place and the other infill wells drilled

However, getting even one deep well flowing at circa 2000bopd de risks the stock, coupled with what is being produced already

Positive news on A8 and we could be in for a very exciting and lucrative year

Interims very bullish for a change.

It’s now been 6/7 days of mud clearing and testing, so if we don’t hear this week I would be surprised, certainly early next week, say 5 days mid clearing and a 3-4 days on test

Hi chaps. Back again, moved out short term but had rotten luck the last few months on oil stocks so out of oil at a big loss. Such corruption imo with those stocks.

Bought just £6k this morning but showing as a sell, I bought at 104, so the 105 is defo a sell

Going to sit here on partner news now and hoping for nothing short of £3-£5

Am I right in thinking the next well is sooner than spring given the article kindly posted earlier stated

“Eyes will now turn to the well being drilled on the Cretaceous prospect, Carapa, on the block next door which should spud later this month.”???

NT to buy on Halifax for even £500

Backwoodsman, all will be on test very shortly within a matter of weeks
Very bullish RNS imo if you look at the wording

Two points for me

“Of the two objectives we set for ourselves at the start of the year the first, the move of the MJF structure on the BNG Contract Area, has certainly been achieved and we seem close with A8 to meeting the second.”

And

“Additionally, we are working on ambitious plans to move the business forward to take advantage of other opportunities we have open to us.”

Exciting times ahead!

Sounds incredibly positive in regards to A8, plus others.
Last paragraph sounds intriguing!
Interesting times ahead over the next few weeks

Gotti not sure mate, just gone on the buy sell on here which as we know isn’t always accurate

Some huge delayed trades now printed. Expect Institutions go start getting excited now.
Big buying like that and pretty much flat lol
Should rise back to £2 areas over this week imo

Fingers crossed we will get an update soon. Can’t see it would take too long to come up with a different testing plan, should be fairly straight forward

A_Mill. I am aware of how a shell works, I don't need that explaining. I am simply explaining the risks, i.e., 6 months passes, stock suspends, IF and I say IF no RTO comes, the company either winds up or raises 6mil.

Am I wrong? No.

It is not my fault 99% of the board is blinked wearing rose tinted glasses, emotionally invested.

Fact is, if no RTO comes, what then? Got to look at these risks I'm afraid.

I will say 0.15 by end of the week. Lets see who is closest.

Last one out, please close the door.

Still a seller about imo. Chunky sells as soon as we get around the 28-28.5p.

Can’t see light at the end of the tunnel as yet.

Company really need to come out and update the market and announce A3 spud. 18th is shown on permits

Or offered a £1k bet on a 50/50 to win maybe another £1k, or to lose the lot, and to make it worse, have to give it to the bookies for another 6 months while your bet is suspended. That money could be earning elsewhere in that period.
Very binary.

Remember, no RTO, company suspends. Money locked up for how long no body knows. Cant buy/sell/move elsewhere to make money. Look at FRR. Then you could have your funds down to zero.

You just have to look at the confetti share issues here.

Pumped Friday for the mates to get out, back down this week, and will drop all week.

You couldn’t make today’s share price up. What an utter joke.

Is that code ;-) ;-)

Guess it depends on what your value of ECOs 15% would be upon both Jethro and Joe success. Could be very big bucks, imo any offer on those two drills being successful has to be well over £5 share
If Joe is a success, any sale could happen very soon and it maybe we don’t drill any of the other 4 wells, as any suitor would the more ECO drill the higher the sale price

Not sure what to make if we don’t get news tomorrow, maybe the old adage no news is good news

Cymra agree, but you have to have a party in line for the RTO first and as of yet we do not know that. If we don’t have a party we can’t extend so fingers crossed the bod have something up their sleeve

Mohh.

Your post yesterday 12:20

“From what I have been told the papers are ready and they just need signing. Rns can land anytime”

You subsequent post

“Yes I spoke to the Ned who just confirmed what was already in the rns”

And you haven’t actually been able to clarify if he categorically stated “it’s on his desk”

You appear to have been twisting words and I would be amazed in a NED just happened to give you that sort of candid and Frank inside information.

I did call the company, who wouldn’t comment.

You can see how people question your integrity when you appear to post misleading and contradicting posts

Jace86. It’s 6 months

Under the AIM Rules, as a Rule 15 Cash Shell, Concha has six months from the date it became an AIM Rule 15 Cash Shell to make an acquisition or acquisitions that constitute a reverse takeover ("RTO") in accordance with AIM Rule 14 or convert into an AIM Rule 8 Investing Company (including the associated raising of funds as specified in AIM Rule 8) ahead of that time otherwise its shares will be suspended from trading on AIM.

Jarv55, a couple of us did, and they would not say (obviously) so pointless calling. Mohh has been proven factually lying yesterday. One minute the NED telling him the papers are on the desk ready for signing (his words), and then he says what the NED actually did was confirm the June RNS

All I know is they have until October to get an RTO done, which is when their 6 months is up as a cash shell on AIM

I really do hope they have something up their sleeve

Shorts appear up again over 6%, interesting given price rise and some big buys. Thought a few maybe closing out not increasing