Member Info for wordog

Ineos supporting UCG too, it's in their interest to have access to cheap, secure gas. http://www.scotsman.com/mobile/business/energy/cluff-heralds-new-north-sea-offshore-coal-project-1-3555255

Or tight gas? We discussed the possibility for them to switch back to CBM (zjs1-3 were CBM) when the logging results for well 7 were released with the mention of thick coal seams. Also there was only the slightest hint of ZJS5 being tested during this programme a few months back and now we are told that a previously gas flowing well is now flowing water? I have lost faith in this lot.

Will be interesting what happens here, it seems that the cash has stopped a real SP rout here but anything could happen in the next few days. Still think this has potential but trust and lack of progress are my key issues here, glad I'm out TBH. I think you are right ref the 14th round submissions, IGas are one of my key holdings right now and I'll continue to do little top ups circa 90-100, will be interesting to see if they bid for more acreage given that once the Dart takeover goes through they will be the largest licence holder. Have you got much knowledge in CLNR? Not fracking but still an unconventional.

I got out of here before today, it seems all fracking shares are taking a beating, IGAS, San Leon , Oilex etc.

At least they conceded that the interim programme will not be completed by the end of oct and are now looking at the end of 2014. Other than that it was a copy and paste job.

Enjoy.

I thought Keee was talking about shareinvestor10 but reading again I think it's you mate (BigGib). Lol, anyway, my opinion still stands.

I really don't think that's his agenda, I have been reading his posts and socktrade1, his name on advfn, for the last year and I believe that he has invested heavily from 15p averaging down all the way to I believe >12p. All his eggs are in one basket and he is understandably worried. I don't think he is clever enough to weave such an elaborate web of deceit. He has the persona of someone who has bitten off more than they can chew. I'll now sit back a await his angry response.

I sold up last week mate. Keeping an eye on it and might jump back in with a smaller holding.

15p maybe if they got 3 commercial wells and approved CRR. They need some acquisitions and programmes to pull investors in. At the moment all the eggs are in one basket.

Better start drilling then.

If they are complete by oct they need to spud 8 soon. I think they are cancelling the project and have something new lined up.

Are you telling me that after 11 weeks they do not have anything to tell investors? They have withheld price sensitive info in the past and they are doing it again now. I could continue in more detail but I don't want to be branded as de-ramping. I don't believe it, and thats why I'm out.

Paul Atherley you are a liar.

What did you write?

So why did they wait for ZJS5 results before releasing 6? They released the results of both together after 10 weeks, I think we are seeing the same for well 7, just not sure what the sweetener is this time.

I will probably hang myself, as you know I have been in this for some time and averaged down and traded a bit over the last 18 months. A lot of effort to just break even, upside is i haven't lost anything, downside is that I believe this will go big eventually. I'll be back in when the price is right. GLA.

The report also stated that CAMAC/LEN were mandated to drill and test a minimum of 7 wells as part of the PSC agreement. I have not noticed this before and to be honest that plus the unflattering analysis of ZJS7 by RISC made me wonder that maybe well 7 is the last well we will drill, cancel the project and announce a new venture on 25th? I was getting itchy feet here but was hoping to be out by now and moving my cash into the Falklands lilies ready for next year.

Yep, but not because I wanted to. Pretty ****ed off. I'll keep an eye on it and will buy back in with a smaller holding. Might turn out to be the best mistake I ever made - we shall see.

Barclays website is down and so I couldn't cancel it, by the time I rang through it was too late. With this huge spread it looks like I won't be able to get back in at a good price for a while.