Member Info for Stach

Hello Pigus.I am little surprised that we have not got it by now.If we do not get it by next week,as Stuart suggests,I am going to phone GM about it.It is now fourth week since they started the test.The reason that I bought a second tranche of 10K of shares was repeated statement(confidence) by GM that they are expecting 4000-6000 boo/d from the Test.Stach

I think that for the "buyers" here it is probably the last opportunity to get shares at the current price.As in Nigeria there will be no Bank Holiday there and the MER Test will be progressing as normal over this weekend and on Monday.We could get the results soon after.I have done my bit in that respect and am expecting a substantial rise in share price after the results are confirmed by the RNS.Stach

Hi Stuart.Thanks for an interesting snippet on possible resurgence of diesel fuel.I am not sure about Nigerian oil and its sulphur content.It will take much longer time to adjust all the oil refineries to those standards they suggest.A year and a half is just not achievable.Stach

Market makers are without scruples,trying to trigger stop losses at 112p on the bid and by the same token panic the others into selling! You have to laugh at these simpletons. There is a lesson for inexperienced,do not set your stop losses low on the share like this,where are ever increasing cash flows.Stach

When you consider that 4000-6000 boo/d are repeatedly stated byGM,will be bringing above $300.000 per day to the Company on top what is receiving now,that is $9 mln per month at $65/barrel.MER Test result should be with us by the end of this month.Do we think for a minute that if it all is as expected that the share price will be as it is now? I do not,hence buying some more shares.Stach

In fact I have got another 10k of shares ,having sold some other oily.I strongly believe in ELA ! Stach

Hi Stuart.What irritates me is the fact that there is a very realistic chance of 30000 boo/d by the beginning of 2019 and the broker indicates the share price of 170p/share.The oil extraction by ELA is ever increasing.Where is the logic by mms to start reducing the share price? Pure manipulation to get cheap shares for themselves.What negatives have they got about the company at the moment? Stach

I am still very optimistic that Opuama10 well will deliver as expected( by GM). That extra production of circa 3000 boo/day will help financing the Ubima project.I have not sold a single share here and I wish I had the spare money to buy more at current prices.This is virtually worry free Company.MMs have made a meal with dropping the share price to these sort of levels.Stach

Unfortunately the last RNS came in a week to late.I have this feeling that had it come earlier,it would have stabilized the share price around 130p/share.Some shorters have got on the trail of this share as otherwise there is no reason for a continuous drift down.ELA is the best delivering small cap on AIM compared to any other small oil exploring Company.Stach

Hi Stuart.I wish it was me! No such funds available atm.Also heavily invested in CERP.I think with the right news on Opuama10 well Test,the share price will recover back to over 134p.Not long to wait for it now.Stach

Good news today,which calmed me down a lot.Nothing gone wrong with Opuama10 well and 4000-6000 boo/d additional sales will do wonders to the share price.Grezz,you have raised some valid points in your reply to me yesterday.I just wish we had today's RNS last Friday.Stach

With the 17% drop in share price from recent 134p is enough reason to be concerned.Will it stop at that? We need the news that will underpin the recent share price and we shall move further longer term.Some minnows in this sector have been stable over the past few days( NTOG,CERP etc.) in spite of lack of any significant news.This is why it crossed my mind that some shorters got on our bandwagon.Stach

Does anyone know why the share price is going south over past few days? I did not expect shorters here .We need the news here or soon will be back to £1 level.Come on GM ! Stach

It seems that MER test is taking longer than I thought.It is now well into third week since the last RNS where GM clearly states that the Market will be informed.Lets hope that the results will be as predicted by him.Stach

If you read the rns from the 25th of July,they are bound to report the Maximum Efficiency Test Result(MER) for Opuama 10 well, just about now as it is coming to almost two weeks since that RNS.As I said before,all being well,substantial increase in boo/day will occur and should be reflected in our share price.Stach

Hi Stuart.I have been watching this too.However there are so many more buys than sells so we should be much higher than we are at present.There maybe a surge within next hour.Certainly it all looks very good for a very substantial rise on further news from Opuama 10. ATB -Stach

I see Conaccord reiterates" buy" with share price of 170p,last Tuesday.If all goes well we should be there soon.Stach

...should be with us either tomorrow or beginning of next week.With the results as they are being predicted by GM,I expect the share price to move over 140p with ease.GLA.Stach

A very shrewd move by GM and BoDs.Should one line of oil export fail for whatever reason,the other one will provide the funds flowing.I like it.We should have the results of flow tests on Opuama 10 by next week.What a great Company!.Stach

Good afternoon.You are soldiering on here I see.Similar thoughts have past my brain too.I think that the data available is so tiny that most serious Pharmas would not be willing to put a lot of money just for the "concept" and demand more data,which must be underlined by STATISTICS.We have not got that yet and hence no deals so far.VAL are ploughing alone with our money being always needed to support ongoing two CTs(VAL-201 and VAL-401).Poor updates,always without the figures within RNSs would put off any prospective buyer.Our hope is that eventually we shall get "the figures" for VAL-201 at the end of this calendar year.I was hoping that Valirx would release half year's progress this month but it seems we shall get nothing.In that instance the next rns will be about how many NEW shares they will release into the Market and at what price level.I must be the longest holder here since I participated in the INITIAL IPO ! Incredible.ATB to you.Stach