Member Info for Urraca

The warrants are there, and the other 8million odd will get exercised in due course. I don't really get why this would knock the share price, it should already be priced in. I also don't think the company will raise funds until much closer to the drill. Or possibly be bought out on spec beforehand. So I bought more on the dip, the 112659 buy was me.

Around 5p a share then. Lets hope the appraisal campaign can increase the 2C estimate.

Price action seems to suggest it will be 500k sells being reported late. Maybe James bailing out? That's when rampers are shouting the loudest isn't it?

Dunno, the price ran up to £2.50 back in May n anticipation of the drill happening in the summer. As we actually get close to it, I'd easily expect that again. Unless the markets melt down, there's a bit of a twitchy feeling in the air at the mo.

Could be T20s. Not sure if any brokers are trading them? But it also looks like there's quiet buying going on, pretty small scale admittedly, but the MMs seem to be trying to keep it under wraps.

Great post Daft. One thing we do know about the proposed deal is, it's so big it constitutes a reverse takeover under AIM rules. So, although we're speculating on what it might be based on reports of Egyptian assets BP wants to divest, we know that it will increase our production not by percentage increments but by orders of magnitude. If it comes off, of course, but I agree that the longer it takes, the more likely it is. Before Crimbo would be nice though.

Good posts tidd83. Relentless buying, and we're on the top risers board already. Incredible value here, it's languished unloved for too long. The fantastic farm-out has unlocked everything.

Just explan what you have dne with the RNS LoydE. You seem to have misplaced it.

Dick, to attain legendary status you need to be posting at least 20 times a day, with irrational exuberance and joie de vivre

BigBench is a poster's name. The guy's a legend, and not just because he can bench press astonishing weight. I was in IAE with him, he's an amusing fella. Haven't seen any posts from him for a while, think he was in SOU after IAE.

Talking of which, the 4.4million 'sell' trade actually happened yesterday, and looks suspiciously like a buy.

We don't know when news will land, but there is a strong feeling that it's overdue now. If it lands in the morning, there will be a massive gap up on opening.

Been in almost six months myself.

Made some omney on LOGP many many years ago. Vaguely remember the sp being around 15p then. Still early, but decided to dip my toes back in today, with an aim of building a holding up over the next 6 months, pre-drills. My buy is showing as a sell, natch.

And listed as a sell. Hilarious.

Let's hope that's the placing put to bed now. News, please, ALGW.

Thanks guys. Good to see the rise anyway. Was hoping to get more while it was bargain basement, but under £2 is still great.

Please can you share what the tweet says? I don't currently have twitter. Ta

Anything is possible. A 7am RNS here is when both markets are closed. But it could pop out at any time, once the deal is done.

I've always suspected that PW has downplayed South Ramadan not because of a low COS but because it would be so damn expensive to develop. That wouldn't be an issue for BP, and, if it is successful, it could be a great asset to offer BP in exchange for on-shore producing assets.

Agree. This looks solid, with a clear view of turning the business around and making it profitable.