Member Info for Treadstone

What I meant was the sp reached a high of 151p on 26.10.12 and a low today at on point of 100p. I assume the big drop was because we have a higher 20% working interest in the PL457 drill. In the RNS announcing this drill several different reservoirs were supposed to be explored but its not clear where we are on this plan. Furthermore it mentions certain mitigations in Norwegian tax law without giving details. I hope this will be clarified at some point.

Axess markets. Share price Nok 9.20... Down 20% today. We were lagging behind the Norwegian market when the sp rose. Nevertheless i hope we can stabilise at these levels.

How this can drop nearly 50% in less than a month shows how fickle the market is. Either that or I bought on an un-perceived spike or should have given the share a few months on aim to find its level. I bought 7000 shares and will have to wait now. Hopefully not forever.

Good buying volume here, but sp down on perceived negative result on PL457 drill. Encountered water with hydrocarbon shows. More testing to be done. However we do have the Garantiana side drill results to come. Hope that is successful though we do at least have an oil discovery there. This is a tough market that has a habit of punishing perceived negative news. Awaiting third quarter results which are going to be announced at a shareholders meeting today and later put on a webcast on the company site. In English I hope though assume it will come out in a RNS. I bought this at140p on the the strength of an excellent oil barrel presentation. I hope better news will turn this company around.

Re Rns I see Bridge has until the beginning of January next year to effect transfer to the Oslobors. Furthermore it will have to issue a brand new propectus which sounds unusual to me. No mention of comparative costs between the two bourses either. Obviously a good move though. Assume it will attract good quality funds that will invest when the move takes place. Furthermore it might invite a tick up in the sp as a golden hello. Awaiting figures tomorrow. No shortage of news here is there.

One more thing. With decent trading volumes we should be able to reduce this ridiculous spread. Compared to Norway this company is completely off the radar when its actually a decent outfit with a busy drilling program and good prospects. I hope at some point the company will do something to improve its profile. Afterall it costs quite a bit to be on Aim. An interview with a british business mag or analysts would help. 356 buys if true is beyond a joke.

I mentioned in my post that todays high was Nok 11.90. Was more impressed by the volume of trade up until time I posted. Wish we could get that here. look forward to the report tomorrow. Interesting to note that the sp on Axess has fallen back from over Nok 15. With steady newsflow would like to see it climb back up.

Bridge: Offer: Nok 11.70 Bid: Nok 11.65 No change in price. High Nok 11.90 Low Nok 11.20. Volume traded 221.06K. Price changes. 1 week +3.1% 1 month -4.13% 6 months + 34.19% Market seems to be waiting for tomorrows figures.

Just as I post there is appears a little trading.

That means sp here should be over 130p. Oslo more aware of Bridge. Hence our high trading volume. Zero according to this site. awaiting thursday's news.

Getting a handle on exact reservoir size is difficult is it not without further drilling at great expense, only to run into difficulties. Amidst the science of seismics any success contains a gambling element however you try and minimise it. Otherwise nobody would ever drill dry holes. At least with Garantiana the operator has found what looks like a good discovery. Long may it deliver its yield.

Good. I hope the data is what the bod is looking for.

Well this is has to be a medium term hold as per the stats given out at the presentation. That is provided everything goes to plan. The only fly in the ointment is the mention of acquisitions as that is a bit of a wildcard to me, but maybe Tom has run the slide rule over a few possible targets already so we'll see what happens. In the meantime I hope the wider market will stabalise, but the world economy looks pretty shaky though this will present opportunities for those with spare cash.

Agree. Presentation excellent and quite bullish. Perhaps the slight retrace in sp reflects drop in oil price more than anything else. Look forward to the quarterly figures on 22nd. Wider market looking shaky though. Bought at 140 and will hold.

This sounds to me like bad news on Garantiana side drill. Somebody here suggested news will be out tomorrow. If that's true it would seem to me that there's been a leak. That is unless the operator has released news and not coordinated with all the partners to release at the same time.Not likely imo. If a rumour has broken out, I bet it started in the Norwegian market for obvious reasons and then got here quickly. We have 4000 barrels per day here, but I have no idea whether more drilling is being planned to delineate the resevoir should this side drill fail to produce the hoped for result. If we get a bad RNS say tomorrow it may fall further. However I feel the market is over reacting seeing as we have a discovery with recoverable oil. With more drills to come, an undemanding market cap with a low no. of shares in issue and reserves we are surely not in expensive sp territory. Any thoughts?

Thanks for your reply. It seems we are still falling further. Unable to see oil barrel presentation as the pdf documents gets stuck at 750k and claims a network problem. Irritating. I assume its of a positive nature going forward.

Why with all the fairly good news here is the sp falling. Any ideas?

Bridge got a brief mention in the Investor's Chronicle yesterday in a single column article on new licence rounds in north sea with bigger emphasis on Parkmead. Commented positively on garantiana success soon after aim launch. Could do with a decent size article with a buy recommendation. That may come with more success. The more positive publicity the better. Anything to lift trading volumes here. Its just a matter of time imo.

I agree but hope it wo'nt be too expensive. For us PIs it should be good news as various tracker funds pick up some shares. Perhaps best of all it will get a mention in the media and improve our profile. God knows our trading volumes here are ridiculously low. Once volumes are up the spread will tighten and the sp sleadily move north. With the drilling success Bridge has had the market reaction has been poor to say the least. It does'nt help with Wall St being closed as our market promptly becomes rudderless, as its so used to its comfort zone taking its cue from across the pond. God knows how long it will be closed. Mind you if our markets carries on going south fearing the the hurricane will do its worst, its bound to create some bargains here as sellers will over react. That's just the way it works. Mind you next year with the the USA facing a fiscal cliff, Wall St could go into a bit of a retreat on expectation that rising taxes and cuts in govt spending wlll damage the economy. It will need careful watching.

I hope you are right. This a poor market reaction to what has been good news for Bridge. We don't have the profile of Parkmead and a positive mention in the weekend press would do us no harm.