Member Info for V111JAS

Rarely do you witness such professionalism , foresight and openness from a CEO , close to never in the AIM market .
Understanding the timescales and complexities of the O&G is surely a precursor to making any investment in this industry .
With regard to the building of Rome , if I remember correctly none of the Twelve Caesars were obsessed with premature ejaculation , they just got on with the job !

~~~ btw ~ Thebhoys , my suspicions are that it`s Turner Pope .
bwdik
GLA

Must buy an old phone , I must have a rotten apple !

Thebhoys ~ Most certainly that 5p placing , it`s obvious ! ~imho .
Yes , this site is a total mess , Posts disappear , I have to keep signing in , it`s always crashing etc
Then they keep asking me for a premium membership ! Are they kidding ?
Very encouraging RNS this am , this blip will eventually fade away .
ATB

14.00 : I`m also inclined to that view Whistler and have consistently voiced the same opinion .
240 Million was a huge quantity to digest and I never thought we had seen enough volume to se `Them` totally out .
I continue to wonder who `They` are but I suppose we will never know .
While it is disappointing to see us back at around the placing price , It will matter little into the medium longer term .
Perhaps todays trades were the last hurrah , lets hope so .
The fact is we could easily shoot up as soon as CH starts to release some of the expected exciting news flow .
VGLA

OK ~~~ Sticking my neck out a bit here :
Looking again at today`s trades I am again wondering if this really is the end of our nightmarish fall .
Absolutely nothing wrong with this business and so much potential into the future , not to mention the current growing income stream .
Perhaps (hopefully) the recent spiv fraternity has moved on to the next candidate for exploitation .
(I can think of quite a few worthy candidates !)
VGLA

A quick blitz inside the spread this morning , but has this incessant professional trading suddenly ceased ?
It WILL eventually ~ guaranteed !

20.30 : Tb ~~~ :>))

13.37 : Agreed TC .
I`m quite surprised at some of the negative comments .
It would seem for the moment we are impacted by serious professional trading .
It will pass .
All CH said about 16-2 was that it was not currently producing and that they were building infrastructure .
I`m very curious to know what sort of infrastructure and its purpose . Presumably this has been ongoing for some three months at least , hopefully we will soon find out .
Value will always out in the end .
VGLA

10.18 : VG , I would add that CH covered 16-2 :
Confirmed not currently producing and this is because they are working on completion of infrastucture .
Expected to be producing soon .

Funny that you should mention that .
Talking to a guy who is a committed `Chartist` ~ I am not ~ told me that the collapse in the share price was entirely predicable !
Oh yes ? With hindsight it`s easy to make these statements .
However for those who like charts and believe in the Devils numbers , it was a case of `Mind the Gap` .
Since 24th March six gaps appeared which had to be `Filled` (?)
5.95 , 6.10 , 6,15 , 6.30 , 6.45 , 7.30
Wish that we all had that information on 24th March .
We are always correct after the event , but it does at least perpetuate the `Gap Theory` .

Looking forward to the `Fact Theory` as it unravels in the coming weeks !

VGLA

Well done !
I hope that you / others can squeeze a little guidance and comforting words from CH .
This has been a mysterious , very nasty and unexpected couple of days .
I hope that was the bottom this morning as I`ve just bought another 50k and two other buys earlier today .
ATB

Good post Argylerich .
Can`t argue with any of that !

09.08 :
We just do not know ~ FACT .
In this game ~ `Anything can happen`~ and it often does .
Confidence has been damaged ~ FACT .
Hopefully trust and integrity is still in place .

Well , I wouldn`t rule anything out in this game and fwiw , the price action `Looks` like a possible pre CR dump .
ALL these small AIM Companies need a constant stream of cash to get them going (That`s why they list on AIM)
Perhaps some JV opportunity fell through and CH is going it alone ~ whatever `It` may be .
Certainly he will need to break cover soon and explain what`s going on here .
It doesn`t feel very comfortable at the moment ~ but ~
VGLA

16.22 ~ Regrettably I have to agree .

There must be some rationale for such a large fall , and I find myself questioning the reason for the strange delay in releasing the CPR which would appear to be the trigger for the sp fall .
This is a big correction , especially in the Face of such positive ongoing commentary from the BoD .
I hope that CH will provide some explanation , because Directors and their advisors always know the detail that affects valuation .
VGLA

Capitulation day !
Up from here .
imho
VGLA

ig : You may be correct , as mentioned I think the 5p shares have likely been or about to be finished .
There are still 100k chunks being dumped . What a nice return for the seller of those placing shares !
I suspect we may see a change in trading pattern when the Warrants come into play .
I`m not so concerned about their impact , but , I really would like to see a more up to date breakdown of major shareholders because I just don`t accept that PI`s have been buying up all that loose stock .
ATB

12.16 . Agreed T C !
Also , understanding why we are stuck at 7p is important , my opinion is `The 5p Placing` .
I have always believed there has been a little smoke and mirrors surrounding this issue .
fwiw ~ I think :
* A master stroke to get funds in place when the SP was riding high at c.8p .
* Essential to ensure that the FULL allocation of new shares was taken up .
* I think Turner Pope were instrumental in achieving that goal .
* I suspect that the full allocation was seen to be non achievable .
* `Someone ` probably took up a long term chunk .
* I think TP then took up the slack and possibly all the PI share allocation .
* This would ensure continued enthusiasm for the Company .
* TP are / were never long term stock holders , I`m unsure about the regs requiring them to declare , possible none .
* Market conditions / War have negatively impacted desirability .
* Oil price has enhanced sector favourability .
* Thus placing 5p shares have been dripped into the market .
so where does that leave us today ? ~ Fag packet assessment :
240 M shares to churn . c . 80 Trading days :
@ 4m Shares per day 320 M ~~~ Nope
@ 3m Shares per day 240 M ~~~ Bingo ! but No .
@ 2m Shares per day 160M ~~~ Mmm , possible ?
Add into the daily totals shares traded by Pi`s , and we could be somewhere between 160 and 240 since the raise .
I think we must now be VERY close to clearing any 5p overhang .
But , I wonder where they are ? Surely not all in the hands of PI`s .
So ~ Should we expect a TR1 which would clear up a part of this conundrum ?

Whatever my musings , I do think we will shake off this `Trailing Weed ` very soon .
At which stage CH , hopefully , will start releasing news about Rigs and Drills .
At which stage I expect some more serious interest in the huge potential here !

VGLA

" The SP should not be dropping based on the update " ~
Quite agree ~ it`s ridiculous ~ probably a few sharks lurking in the weed !