Member Info for Teacup64

On a voting basis, after looking at the largest holders list on the company website, Hargreaves Landsdowne has ~12% influence via its nominees stock. If nobody claims their forms, and neither does H&L send them, H&L obtain a lot of influence over the placing authorisation. It's almost worth them not sending forms to their clients if they wanted to influence the outcome.

I don't believe that most will get a voting form unless they request it from their brokers. Otherwise, it's the broker who will vote on our behalf as they are the member who shareholders nominate to hold their shares. Sometimes, XO.co UK send voting forms, other times not.

It wouldn't suprise me to discover that we don't infact own Manica, but a field in outer Manchester instead!

Lol. I never thought I'd have to read that page of the website, but it was certainly an interesting read. The company is not doing as they have stated....are we really that suprised? ;)

You should visit the companies joke page....I believe it's the 'Contact Us' link.

Batfink, was that from the fairy tale section of the company website?

Batfink, was that from the fairy tale section?

;)

Worthy of mentioning several times.....;)

Around 30% roughly, include all the accumulation of sticky fingers on this board....I would make a guess that 50% of the investors aren't letting go any time soon. Providing LK can continue building the company as he's done so far, more and more folks will want to join the long term ride, adding to the sticky papers. Can you imagine when we hit the big oil in SWP, where 70% of the shares held are going nowhere....the price will lunge further and further north as the MM is forced to drive the buy price up in order to encourage somebody to sell their shares....the SP gets very interesting at this point because SWP so far could have 12 mega prospects, some up to 400mbls!

Lol, Good post. Terrible timing, and 1 post as well, thats going to start another of the 500odd theories currently floating about regarding derampers on the XTR page. ;)

7th, because I 2nd that!

"has quite literally kept the lights on and subsequently given shareholders a glimmer of hope for the future" You view could also make no sense. Here's another theory that's circulating... All those listed achievements may not necassarily be in anyone's interest other than Colin and Joels, in order to keep a salary coming....we could be wrong, but so could you? Now, you do make some good points, many of which were the reasons I invested 2.5yrs ago. It's all good saying "this is mining ffs", but shareholders sometimes need to see value before continuing to chase rainbows, else conspiracy theories start to flourish. I'm not saying your wrong JDAU, but neither am I saying that your right. Our thoughts may seem silly to you, but that doesn't make you right ;)

Another point to consider is the cost per kw/mw in the 1980s, and compare that to the sharp increase in price today. Radio Frequency will inevitably consume huge amounts of power to ensure that the radiowaves penetrate the depth and distance required to free oil and gas from the kerosene in question. The real challenge is in reducing the extraction costs to such a low point as to offset the actual price of production derived from the increased energy prices we see today. Very difficult task indeed, but achieving it could revolutionise the world, and crash the Saudi economy....at least Yemen could take revenge I guess ;)

I hear all you say and don't dispute it, which is why I'm looking also. The difference between Tomco and most others, is that they are all mostly able to move to another field/reserve, whereas Tomco are not able to as easily. From memory, during the 80's BART programme, they were able to produce a barrel for somewhere between $10-$15pb. I remember working out that it equated to somewhere like $25-$30 in today's money. There are companies producing conventional barrels for less. In my opinion, this RF test is only valid if its test reveals that the cost pb can be brought down alongside the cheapest competitors. Unless I am wrong in my thinking, the RF tech will require periodic new drilling due to depletion within the frequency ranges of the well heads. RF technology's advantage is in cleanliness, and hopefully cost. If the costs aren't reduced, then it may well be a tech that turns out to cost more from having to drill more often. Therefore, in my view, it is imperative that the cost pb needs to be around the $15-$20 range....effectively rendering nodding donkeys and electric pumps etc as second option. Tomco is under the radar and does have a tiny mcap, one whiff of success is all it takes and this price will be gone! However, the risk of early dilution(pre results), given the circumstances, is too great, as explained in the last post. Added to that the possibility of RF failure, then I think it's better, whilst already out, to stay out until the placing, or until success. I just wanted to hear other peoples opinions about this matter, and thanks for your contribution, your points have been taken ;)

Bamps - The whole 'nosh' thread has been removed, along with your post ;)

Lol, neither am I expecting much difference here tbh. Sadly, I have to agree, an RNS concerning retirement would trigger quite a market response from all those that know deep down that the XTR assets are sound, but have given up and accepted losses due to Mr Bird & Mr Silbersteins games. Who knows, maybe CB realises this and is making preparations?

Without stating the obvious, the Utah RF test outcome is binary. Either it will be a sucsess, or it will fail. We also know that the company will need an injection of cash very soon, I estimate this date to be around Nov'18. We know that it will be near impossible to obtain an advanced loan in the hope that the RF tech succeeds, also in the case of the test failing. In short, a loan will only come with test success. Because of these issues combined, it makes me think that, in the unfortunate event that the test fails, it's a safer bet for the company to dilute the company before results are published, that way they have cash to keep the lights on. This is instead of waiting until after the results are published, where failure will mean that a loan will not be issued, and the inevitable dilution will occur. As a result, I will brave making my investment on either: a) The announcement of the placing to allow cheaper entry, or b) On the announcement that the RF tech is a success. Any thoughts guys and gals?

I do somehow think that an RNS may be published today. If I'm not mistaken, CB likes his midday releases. Furthermore, Jubilee had theirs announced today at 9:30...Perhaps he's doing the rounds on his directorships?

I've asked many questions by email and was never given a response....the same thing others have complained about. What's the point? But let's be fair here, there isn't much going on financially, or in terms of production. A quarterly for XTR should be very simple and straightforward...like every other quarterly update we've had. And most importantly, I think that rapid updates are required....if you disagree, just refer to the share price and consider the eroding trust that has taken place over time. Or if you want the short answer, it's no.