Member Info for Timster

30% COS that's it same as TE-10 and TE-11

FFS

doesn't seem to need a court case find, 5% is standard :(

doesn't seem to need a court case find, 5% is standard :(

superb bit of sleuthing you lot....

Guess we'll only get an RNS with the final outcome of the court action

Have no idea why people are expecting a supplementary RNS, here's what's happening next as per the plan and yesterdays RNS:

The Company will now plug and abandon the well and move directly to the TE-10 surface location, which is ready. TE-10 will target a TAGI structural-stratigraphic play with previously advised estimated volumes of 2.6 Tcf mid case gross gas originally in place ("GOIP") (5.0 Tcf GOIP gross upside case and a 1.2 Tcf GOIP gross low case) and will now reach total depth 50m into the underlying Palaeozoic.

The Company remains well funded with unaudited cash balances as at 14 November 2018 of more than US$30 million.

The Company confirms that preparation for the Final Investment Decision (FID) for the TE-5 discovery continue as planned, with Front End Engineering Design (FEED) conducted and paid for by the Enagas consortium due to complete around the end of 2018.

Thought only 25% was quite good in the end. As I and others have said this is oil and gas exploration there will be dusters! The bod won't resign it's the nature of the business that's why it's a highly risky investment . A fact that investors should be aware of when investing. To be frank if you've invested because you've been drawn in by ramping on a chat board then more fool you. Now sound move to TE-10 let's hope it will be successful, but guess what, it might not be....

Lol I can't imagine you angry

"Fleece-lined Boots"

Bloody luxury.....!!!!!

it's not an exact science though.. Oil and gas companies drill 100's of dusters every year its just the smaller ones cant afford to do more than a few before going bust.

the plan is drill TE-9,10,11 - 3 penalties all with 30% chance of going in

why should this all change now? it wont! they'll carry on as stated in the RNS

haha, great reply Tattie

obviously

Look at it another way.

JP is running an oil and gas exploration company which when he took over was pretty much on it's knees. Since he's been in charge:
Failed in Italy
they've moved to Morocco found .65TCF of gas
Schlumberger have paid for a massive Seismic survey across the license area
got 30 million in the bank
Drilled 2 dusters in Morocco and 2 more drill ready prospects

Why would he stand down?

we've had the news TE-9 failed
moving to TE-10 which is ready for the rig

what else are you expecting...???

I would have thought so too Bizby but they haven't spudded Niko they'd have to RNS that Shirley?

that cant be part of the NDA as its price sensitive material company information

IMO that's bollox, he'll just move on to his next company with shite loads in the bank the old boys club network in action. he has been promising the "goldilocks moment" for the last two years?? where is it going to be??

BUT lets move on, these are wildcat wells after all with a 30% chance of success regardless of the rhetoric those are the facts 30%. So we invest and take that risk, if TE-10 comes in will we all be hailing JP a hero?

it could be tomorrow but in my opinion the deal which Zaza gave all the hints about being before Christmas is the Baker Hughes one.

I have a feeling the next deal will take longer (i.e into the new year), hopefully not though as its slowing us up drilling Niko and developing the rest of the field.

or maybe I'm just on a downer today.....

wish those lawyers would hurry up! we'll be back in the .3s at this rate when a deal is finally done in a few months.....

Feel your pain there :(

few more chances though I'm holding on see what happens

was posted at 7 this morning, very bizzare RNS