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Longfell, funny you should use bipolar as a reference I have schizoaffective disorder, and this share price fluctuation doesn't even touch the sides with me.

Tand, Genuinely thought it was me that you were bashing after my last post, thought it was a little harsh until I read your next post hahaha

reading this board is a bit like reading the memoirs of a person with zero conviction. The share price goes down, everyone panics and thinks Art is the devil, the share price goes up and everyone thinks he's the savior of the oil and gas industry.

Hahaha that kind of knob :D

She wasn't oil and gas. google Theranos if you want a good laugh.

Anyone who claims they are playing against a rigged market is simply playing with more skin in the game than they can afford.

I think we've had the plague for the last few years with COVID, and I don't think it would be much of a war, Russia vs the US would be a carpet-bombing exercise... Russia vs the rest of the world would just be embarrassing.

I reckon this has some way to fall if the growing conflict in Ukraine continues... wars tend to have this effect initially followed by a fuel demand that drives shares like this through the rood... I'll have some more at 27.5p if i'm lucky

Like I’ve said before, I don’t think it will until we start pulling it out the ground in vast quantities, hope I’m wrong but we’ll see

For me, a target of £1.50 would have been acceptable pre-find.

Doug, I take your opinion on board and certainly don't disagree. The problem is none of us really know where Art's head is at. I don't think he's some Guru/Oracle, I think he's gotten very lucky and he probably knows that himself which makes me inclined to believe it wouldn't be impossible for him to decide to do a cut and run deal.

You would be happy with £2 a share the same way Roy Raymond was happy with $1m for Victoria Secret and look at how that turned out.

Read the last RNSs about fund raising... we're closer to a 196m shares in issue

I watched the interview again from the 10th of January and Art does at the end say that they cannot drill the new wells until August because of the bird's nesting. This should then allow us to get production rates up to profitable levels, which means that for a phased approach we shouldn't need to do any capital raises. I would like to think at this stage if the CPR comes back at 1bn or higher we could get a good loan as opposed to diluting long-term shareholders even more. Debt round the neck usually puts some hair on the chest of the CEO and leads to the CEO acting in the best interest of the company, IMO.

I just don't see this being as smooth sailing as we want though, if the CPR comes back all bells and whistles and there isn't a spectacular re-rate we're not just in danger of a hostile takeover from a major, we're at danger of a hostile buyout from some small investment houses. For this company to survive we need to start re-rating as soon as the CPR comes out... sadly I do not think it will so we will all need to stand together to fend off any buyout cause I for one don't trust Art not to sell for £2 a share if the offer came in.

BD1, I don't think you're a million miles off there, it's all onshore and I believe much of the infrastructure is already there HOWEVER if this does turn out to be the monster we believe it to be, will the existing pipeline be capable of handling the additional oil flow... my guess is a resounding no, so I'd be cautious and price the netback at about half of that till me know what we need to do :)

... I've seen a lot of theories being thrown around here of late as to why this isn't much much higher than the current share price. So here is my thinking and it's probably correct cause lets face it I'm writing it on a bulletin board where everyone knows opinion is worth as much as fact.

When peasants like us throw money into companies, we are doing it for the story, for the hope that the companies come good and deliver profits to raise the share price. When II's look at buying into companies they are looking at the product and what that product can do for them, in this case, the product is oil, and any major investor will want that CPR to prove it exists before piling in on a whim but honestly? I wouldn't be surprised if this doesn't move on a CPR either as the way that oil is these days, major investors really want to see it flowing.

Competent Persons Report, google it for a more in-depth answer but basically, it is a report compiled from drill information to confirm a company's discovery.

for this to hit £5 we need II to want to buy it and buy it in bulk... at the moment given the lack of TR1's it looks like it's just us punks who want it

Just for anyone who isn't totally au fait with the practice of MGF, the longer it takes to work the larger the well (great thing normally). the reason we were able to see this taking effect quickly was that the well is early life which means that there wasn't a requirement for massive build-up in pressure to see a reaction, also as I've explained before the rock formation in the well was in good order to allow for the well to accept the additional pressure without crumbling. could be an interesting few months to see what the real reaction is from this well, not to mention when he gets a few more tie-ins in place because new wells will produce at the pressure of existing i.e. no need for additional MGF.

can you tell I'm in the office today that I was willing to write something helpful

Islandgirl, I wouldn't look at the profit/loss under Ed's tenure, look at the assets and what the potential is. I'm not being facetious by saying that, all I mean is that there was a lot of dreams chasing and fund mismanagement previously. Ed is the kinda guy that would make a good car salesman but would you let him borrow your car for the weekend? W.Y.F. :)

Imagine if you bought in here at a mere 33p and checked back in a year... it will of course still be 33p but the market cap will be massive due to share issues... blows the theory of "only the market cap matters not the share price" out the water doesn't it.

I jest of course in a year I think the market cap will be through the roof and not due to share dilution.

Once II's start taking majority positions I don't think his job will be safe.

Us peasants are quick to forget his misgivings when he pulls out corker RNSs like the other week but these II's don't play the same game as us scruffs. They'll want one of their own in charge and they'll be cut-throat about making it happen.

I'm not saying it will be soon but I don't think it will be far off. He'll know himself that his days are numbered when II's have larger controlling stakes than himself.

Just my view of course.