Member Info for Vernony

I would have thought that all these shares being issued devalues the shares of a company that is not yet pumping in any sufficient number. There comes a time when shares have to be underpinned by production, or else they are worthless. Personally I wish SS would get on with the business of proving something but instead imo he keeps going off on adventures elsewhere such as BB. The consolidation of these shares will have to be vicious when it comes methinks !

Profit taking is the name of the game, good luck to them if they are happy with the profit that they have made so far. A thousand, or so in a single day, beats bank interest rates

Oh I forget to add that the price of crude has gone up since Broadford Bridge days so that reflects a higher profit possibility

Out of the question with no RNS, possible with a really upbeat RNS, recalling that this SP was once 11 pps, based upon Broadford Bridge and they had not even drilled there at the time. They have issued quite a few shares since and that may depress the sp but, based upon history, given an exciting RNS there appears to be no reason why it should not reach 9-10 pps

You can feel the tension in the air with this share. A good RNS now would trigger a tsunami, I feel GLA

I think that we can point out too that extensive drilling for oil has been going on in Iraq, Saudi Arabia, Iran and Kuwait for nigh on 100 years. In that time they must have drilled over 100,000 times . They don't seem to have any more earthquakes than is the historical norm. When they get them they tend to be big but infrequently and that is because they are in a geological hotspot . Turkey and Pakistan on either side seem to suffer a fair share of these too and they are not regarded (if at all) as being oil producing countries

So very true. The UK is being shoved NE and will one day say a millions years, give or take a second, it will be North where Moscow is now and quite close to the North Pole. There won't be a lot of conversation about global warming when we are up there. I didn't realise it, I had always assumed that the anti's were all about Greenpeace and FoE climate change. There is another factor apparently involved and its envy. People are going to make money out of this,. The dress it up as being about earthquakes or even climate change, but it is plain old fashioned envy, and I am a victim fixation

If not before then they will release an RNS as soon as tankers start to fill up, otherwise they would be with-holding information affecting the value of the company from the share-holders

I doubt that they have more than 24 hours storage onsite. So it is down to tankers coming out of the site preferably more than 5 per day

I like the thought, but I am not so sure that the markets miss anything, it is a big oiled machine employing state of the art computers sampling the SP of every thing several times per second. Backroom analysts's by the hundred. World wide too, so Japan, or Hong Kong, or USA would surely spot anything in the unlikely event it had been missed in the UK. I think mostly they do not bother too much with .AIM, it is considered to be infra dig to them. Anyway, we must be on the cusp of an announcement soon and that will be noticed by the PIs of AIM

Should have added, by which time we will have become aware ourselves because of the tankers going in and out :))

Can't help but feel that you are right.....I think they may wish to wait to pump all three at once, and have a big announcement to make....Its nerve wracking !

I keep repeating this a ramper or a deramper has to have credibility. Joe Soap saying I think the share stinks, is meaningless, or somebody saying it is going to rise 10% is equally. Anyone who listens to them can blame themselves. The SP is settled by the stock market, which is far too large for a PI on AIM to influence

There are 4,221 million shares on issue, pigs really would be able to fly

Agree it was the placement which caused the panic . Just the same it does not seem to be the right time to sell, when there is something very positive going on.

At some point they will cease working on the bore hole and start pumping, so I imagine that is why us 'dingbats' are interested if tankers are coming out. And a 150 day test, Will 1734, means that at times they will be testing full flow and extended flow tests, not for a couple of minutes but sometimes for several days. I don't know what the onsite storage is, but a good days pumping at 1345 bpd, at which it was tested before, would fill an average on site tanks in a single day. Thus, at full flow testing there would be roughly 6 tankers per day coming out. I know some people will say, they will only test one layer at a time, so not many tankers. Don't believe it, they also run full flow tests. In fact the previous tests recording over 1300 bopd per day were done on a relatively small choke. They will probably want to see just how much it will flow on a larger choke. In that event we may probably even see 1800 barrels per day for a short while. Unfortunately we may also see 1800 bopd going down to 10 as the puddle dries up. But since they will be pumping from three layers we can make an odds on that at least one of them is an accumulation

rates as they did before they would need 13 to 14 tankers per day (I think we are talking American gallons in the barrel here)I don't know if they are burning the gas off too, or selling it, so that would add another tanker or two per day. Of course they may test each layer independently, so not need that many tankers. That might be an American size tanker too so if the ones we use are smaller than it ismore tankers required. So assuming each tanker carries carries 200 barrels that is times 53, (but 44 if they are British) to get the number of gallons by $50 per barrel $26 something something per tanker load

It should make at least 2. 2 this week

Oh well I only have the British Goelogical Society reports to go on.I think that they probably keep very good records, but if yours are better, then by all means publish them Watson !
https://en.wikipedia.org/wiki/List_of_geological_faults_of_England

Oh well I only have the BGS reports to go on, if you have something superior then get in touch with the BGS
https://en.wikipedia.org/wiki/List_of_geological_faults_of_England