Member Info for Spudton

I'm trying to work out how they're planning on getting their warrant targets of 12p.
They are hoping the rig contract will be enough to cause a rally.
Looking back at the price trend, there was a sharp rise just before the placing in July. They were clearly waiting for this.
For those longer holders, do you remember what drove this?
As far as I can see there was no PR (they're only using proactive investors as far as I can tell). Was there an aim pump going on? Anything on twitter,?
Just trying to work out how effective their pumping is.
Thanks.

Hi, new to this. numbers look great apart from this funding issue. 12p warrants seems like a stretch of the imagination.
Is this still the company line?

if they don;t announce a rig contract when they said they would, then that suggests there is a risk to the project and the market will respond.

that is not how business, nor the markets work

So is it now officially late? Does anyone have a link to when they said this would be signed in august?

tunisia is oil

you're not comparing apples with apples. the HE1 was a multi billion dollar prospect, that's what drove the SP so high. buffalo doesnt have that resource potential

I doubt they have any money left

any chance of posting that again? i couldn;t find it. thanks

topped up 3.1. 61% FIB.

is this true? i thought the broker target was for a producing asset. The appraisal well is one derisking step along that path.

Anyone have the CPR for paradox they can share?
Thanks.

Can anyone explain to me why this doesn't qualify as an RNS?

The moftino RNS a month after spudding quoted flow results. This only has depths. How are we meant to infer the value of this well?
Doesn't tell me anything.

Is it normal for testing to take this long? I thought the drill was a failure because they didn't capture enough material to prove the resource?

I'm trying to unpick the value of the company following a successful development drill...prior to production.
This would give a reasonable guestimate for the size of the spud rally.
The way I look at it is this...fast forward to December, the drill was a success and they've proven the reserves.
All you need to do now is spend 125mm to go into production and realise 187mm p.a. net over 5 years.
And you have a line of suitors to provide that capital which will be paid off in 6 months.
What is that company worth at that point in December?
A damn sight more than $20mm. 100? 150?
The research report states the c.o.s. at the point of production is 95%.
Any thoughts?

Unless they sell their shares at a profit?

NASDAQ average P/E is 36

Thank you muchly

I understand ES will start soon of the areas surrounding the empire mine. Could anyone confirm if this is to clarify empire structure, or the other, more exploratory plays.
Also , how long does it typically take to get results from these surveys?
Thanks.