Member Info for Traa-dy-Liooar

added a few more today, quiet time and little volume but concur with mixster's post. Focus is elsewhere at the moment but will change.

from the appeal decision. Seems to me EDR have really worked hard and set out to fully address the Planning Inspector's reasons for dismissal. A combination of test work on site (bore holes) and consultation with their own consultant's and outsourcing to independent consultants has led to the new comprehensive planning application. Whilst it has been a long process, in some respects, having lost the appeal has ultimately meant the company has now, evidently, produced a top notch, wide ranging and holistic new application. So mid October for a decision. Biscathorpe next.

Egdon are the operators and they had £4.10 million as reported in their interims (end of Jan 2018) so I don't see any issue with funding, particularly when there are three other farm in partners, including UJO, and they all pay on a pro rata basis for the drill.

EDR last update inc partners interest in Biscathorpe

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EDR/13588363.html

News flow will start very soon.

and another £34k from Friday, strange goings on here.

RNS - Ultradex distribution increasing, including two new utradex hybrid products. Update on half year performance in July. Plenty of capacity for growth in the Italian factory. Should be a turnaround 12 months here. 'UltraDEX brand now has a total of over 18,800 points of distribution in the UK, its highest level ever nationally, and a 49% increase over its position in July 2017'

A good 6 times the amount Atlas may have had after the RNS declared. IMO gone or as good as. But lots of traders picking the percentages up, which is fine. Just a case of being in around these levels when Eric drops some positive news - if its soon then may catch some out and mm off guard.

as per previous year we should get an update on the first six months in early/mid July - fully expect the update to reflect good progress, especially with Ultradex which is being rolled out in new markets both home and abroad. Icing on the cake would be favourable news of refinance for next years bond.

Not convinced there will be a need for a placing. My understanding, as per the RNS you quote, is that refinance is being explored, and I understand is close to being approved. As to the form we shall wait and see. It would have been easy, give the company's progress to have placed several months ago. IMO the company is on the cusp of significant revenue progress and the 2019 convertible bond will be addressed in a favourable fashion. Nice buying over the past week at this level.

under the radar. Nice to see the largish sell go through as it caused the drop on Thursday morning - such is the lack of liquidity in the stock (notifiable holders account for over 75% of the shares of which the BOD hold a significant amount). Buyers at this low level should do well given the encourage end of year result published in March - http://www.lse.co.uk/share-regulatory-news.asp?shareprice=VLG&ArticleCode=jlpzc7hy&ArticleHeadline=Final_Results This is a progressive business with 7 new markets and long term distribution agreements with large capacity at their factory. Suspect next updates will be positive. The CEO summed the current situation succinctly "Venture Life has delivered another year of good organic revenue growth across its business, and achieved another of its objectives by delivering a profit before tax for the first time. This coupled with a cash positive H2 2017, means we expect to be sustainably profitable going forward. Having invested in and established excellent operating leverage within our business, these growing revenues have translated into increasing profitability, with the majority of incremental gross margin falling through to the bottom line. This again demonstrates the opportunity in our business to grow the bottom line at a faster rate than the top line, and with the recent reorganisation of our plant in Italy, we have increased our capacity such that we can now accommodate twice the volumes of 2017. Our strategy continues to be a focus on revenue growth, through both organic growth of our existing portfolio and through acquisition. 2018 has started well with our order book ahead of the same point in 2017, and I look forward to another good year of growth for the Group."

only see the sp increasing here over the coming months. No debt, lots of cash in the coffers, drill to come and regular news flow on other matters, be it existing assets or other assets to be announced. Volume increasing and placing flippers get less and less as others eye higher prices. Makes for an interesting summer.

you appear to be talking to yourself. What is your position? you quote GDPA etc but seem to generally have a negative position on the company. Let the story unfold in the coming weeks/months.

Greta buying opportunity at these levels due to seller, BH I building a significant business here. https://www.youtube.com/watch?v=h99tdEiWaos

Should be nice Tr/1 incoming early next week putting the seller out or near as.

The market will always, without fail, punish a company with impunity on such an RNS. That is the nature of the market. Seems PDZ have been annoyed by lack of information on their application (probably highlighted by talks with JSW). Seems a rather bold move and perhaps not the best option. As an aside PDZ should really update their shareholders on BFS which is over due - irony .

Nicely poised here, new tax year and allowances from next week just in time for news on first quarter revenue, SP still at lows.

to see more interest, looking forward to this weeks operational update.

to get some news flow - nice reserve update for 1P. Operational update expected next week. This should start to re rate. '. With 208 drilling locations identified by Management and only 90 locations booked in the report, the team remains conservative on the potential upside of the asset base.." Lot more to come

Been buying at these levels as can only see interest increasing once news flow on the drilling programme is released. In addition to the 10 wells to be drilled there are also looking at 24 recompletions. Average production for the fourth quarter of 2017 was 1,448 bbls/d, therefore as 2018 progresses, we should see these numbers increase significantly. The company is, by nature, somewhat conservative in its approach to news flow, a situation they could improve upon imo. An operational update would be welcome in regard to current progress and the second rig/spud. Reserves should also increase and be updated.

report cant be far off.

stacking up, next few weeks things should get very interesting.