Member Info for testpack3

ConocoPhillips, the 30% stakeholder, and funder of the drill/frack, has a quarterly conference call on 31 July. It would be beneficial for them if they had some good news to report from Poland methinks. However, I think any news would have to be released via SEC, RNS first. A modest investment on 29th looks on the cards for me. Of course, AIMHO and DYOR>

Lublewo LEP-1ST1H lateral well · Drilling of this well commenced on 2 April 2014 and has now been completed. · A lateral section of 1,512 metres has been successfully placed within our primary target zone, the Sasino shale, for its entire length; strong gas shows were seen throughout the section. · The targeted Sasino zone proved relatively consistent, throughout the lateral section, in terms of lithology, lack of faulting and low angle of dip, as had been expected. · The use of a synthetic non-aqueous mud system mitigated any negative impact of the drilling mud on the surrounding formation, and helped to achieve a clean well-bore throughout the length of the lateral section. · The well has been cased and cemented, ready for a multi-stage fracture stimulation and flow test in the third quarter, and the rig released. · The stimulation programme for the well is currently being finalised and is expected to comprise 20 or more stages using a cross-linked gel fluid. The above is taken from rns on 30/04/14. The 3rd quarter is any time July 1 to Sept 30. Hopefully, it is being done now. Watch for unusual buys on 3LEG before rns since leaks will occur. Hope this helps

I posted a few weeks ago after I asked Rashid in DQ investor relations the current situation re; account receivables. The reply was ' out of office, let you know when I return'. Still no reply, even after gentle reminder. It's unlikely DQ would let me know price sensitive info. before they let the market know. They may be preparing RNS now for all I know. The bottom line is this, Can the Co, survive with this level of debt? I do not think their borrowing facilities and cash at hand will cover the associated costs of the sales made to date for which payment has not been made. Worrying times for me since I am now down over 40%.

I think 'taken the plunge' is the correct phrase Steve. The SP has dropped because of non payment of generated business. It's a huge figure. It may bankrupt them. I have asked company for the up to date figure for receivables, and was told I would get answer last week. No info. yet. I have bought in at 9, 11, 13, and 17p. I hope your 'plunge' finds deep, blue, warm waters..

Where is everybody? Jolly and disco. Methinks you may have done the wise thing and sold off? I emailed Rashid asking for an update on the accounts receivable. Was replied that away from desk, and would revert ASAP. This is the BIG problem with DQ. DQ financials showed monies owing as near as dammit to T/O, with 50% more than 180 days, although CEO stated their commitment to pay was evident since small amounts were being paid. IMHO, this share will be either 15p after next announcemount, or Bankrupt. The glitter and Razamataz from Cannes seems a long time ago now. I always thought the Indians were good at debt collecting, and did not tolerate fools lightly.

In answer to jolly speculator, maybe it's because DQ India does not have 50% of it's turnover as long term debt. We were all pleased and happy to see that the CEO was getting business at Cannes, and plenty of smiles, when maybe he should have been knocking on doors and getting money in. They will obviously need to raise plenty of cash to produce orders gained, and pay their bills. I fear debt will sink them. The six month trading statement last year was not overly concerned with debt, and there have been no RNS announcements since that time to inform shareholders of the grave situation. Extremely peed off.

The SP movement is due to results being imminent. In view of activity today, results should be VG. I sent a mail to DQ Production Europe 2 weeks ago ( unable to find a link for investors, if anyone has, would appreciate it), asking about dividend policy, and to date, no reply. I doubt they will pay dividend, since they are burning cash on new productions, which will not generate income for 12 months. All IMHO of course. GLA

You must all of heard of the 'biggest' player in the telematics game - Quindell, or so they would have you believe. I'm happy I invested in Trak, rather than QPP for obvious reasons. However, QPP have formed a company with the RAC for telematics. There is big competition out there, and so pricing will be 'keen' to gain market share. However, it's a big world, and I'm confident that they key industries, when having a choice between QPP and Trak will choose the latter. God luck to all.

£2 a share will give M Cap of £1.3B, with a fwrd PE of say 20, needs£60m of PBT. Not going to happen in the present company. They have paid invoices with shares????. I do not like this Roundstone ( Dr Faiz) owning 94% one little bit. Always be wary of companies who have a dominant shareholder. We are all agreed on the potential of H2 fuel cells. To achieve 50p SP will need £15M of PBT. Achievable in 3-5 years IF major investment in plant and labour. Please borrow the money and not issue more shares. All in my opinion of course.

We all know the great upsides in this market. My concern is the lack of liquidity. Roundstone properties ltd own 94% of the issued share capital. I cannot find any info on this co. I have asked PPS the holdings of Dr Faiz in Roundstone, and to date no reply. With a market cap of c£50, they are primed for a takeover at any time, with say a 50% premium to SP, maybe by Toyota This would give Dr Faiz a considerable profit.. The sale decision rests entirely with Roundsone ( aka Dr Faiz??). I think all of us PI's see this as a 50p share in 3-5 yrs. I would prefer to be in for the long term. IMO the share trade board shows this share to be a day traded share. No institutional investor would be interested. I will hold and, as today, buy on falls, and sell when it hits 10p - again. Good investing to all holders.