Member Info for Upside

Thats the offshore the onshore is drill ready following the 2D

2D has revealed a prospect close to the original discovery well and a rig now being sought. Interesting times ahead.

http://www.dailymail.co.uk/news/article-3727281/Will-hit-jackpot-Theresa-s-stunning-cash-payouts-families-households-offered-13-000-great-shale-bonanza.html

The Grampian Deliverance is the stand by safety vessel and the FD Incomparable is the supply ship. http://www.marinetraffic.com/en/ais/home/shipid:198884/zoom:10

For what it's worth they are drilling http://www.rigzone.com/data/offshore_drilling_rigs/181/Jackup/ENSCO/ENSCO_100

Nice bounce. If only lol

http://www.bloomberg.com/news/2014-12-17/chevron-shale-exit-shreds-ukraine-s-hope-of-energy-independence.html

I would suspect the bounce is due to the onset of the cease fire and Russian gas supplies being recomenced. My main concern is why did the second emergency decree compel Ukrainian companies to source their gas directly from the state owned gas company. First step towards nationalisation perhaps. I await a response to my questions from the CEO.

Still some significant short positions being held and recently added too. I will probably be wrong but I don't see any recovery until the new year. http://shorttracker.co.uk/company/GB0004697420/all

Investors getting worried now

This has started to look a bit bleak. Not sure why the government of Ukraine would not want to buy gas from JKX but a 50% hit on production will hurt the bottom line and cut the investments back to the bone.

I keep taking a look and tempting at this price but just not sure how it pans out if war breaks out.

Next to 2 producing oilfields and a gas discovery well. Looks good. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/370308/UKCS_Offshore_Infrastructure.pdf

I agree but I suspect he will want a project where WSX are operators then he can call the shots.

Does anyone else agree that Cochran is unlikely to wait until 2018 without any other projects to get his teeth in to. UK onshore has been mentioned frequently but he still has the possibility to surprise the market.

Now

From todays RNS After consolidation 5504534 7.7% Consideration shares to be issued 25,000,000 34.8% Placement shares 41,250,000 57.5% Total number of shares after today 71,754,534

Actually not rubbish as I said existing shareholders left with 7.7% of the company.

After consolidation and placements the existing shareholders will only hold 7.7% of the company.

Explain please