Member Info for wordog

Theoretically, but they are almost always late. End of this week at best, next week more likely.

Not a great deal to say. Interestingly the company posted a picture of two of the directors at the wellhead of ZJS5 just before the RNS was published. Might be worth keeping tabs on it!

More dip and I'm in here. Been watching for a while and I'm a big fan. I can see these guys going far, great business with Egdon too! Keeps a finger in the shale gas pie but reduced risk. Meanwhile they generate more energy to sell onto the grid at peak times. 37p on the ask soon please.

The old 1 share trade.

It's just over a full year since ZJS 7 was spud. They cannot say they didn't have enough time to evaluate the data!

Towards the back end of this week I think. Fingers crossed.

At 12:12 and 16:00, buys or sells?

I agree, i would expect the first operational update next week.

Great time for a director buy.

Soon at the rate this is dropping.

Lol

Thanks for the advice

I got in when they started testing 5 and drilling 6. Got out at a loss but got back in cheaper a few months back. I'm in here until the end of October at least.

Indeed it is.

The problem we have is that fracking tight gas is a longer project timeline than conventional gas or oil, and so many investors get bored easily.

The huge spread prevented me top slicing at 6p. I suspect others had the same issue, the 33% increase recently was checked by a 23% spread. Hopefully see the back of that soon.

Successful flow test at 7 will obviously bump the price, but the real push into multiples will come from the 3rd commercial well as 3 flowing wells are the minimum required to declare the PSC commercial and submit the CRR. We will then probably get a new CPR and the assessed resource will decide how many times this goes into multiples. Would be pretty spectacular to be in that position by the end of oct, although definitely not impossible with the sino gas offset data (see the link on previous post), Halliburton technical team advising and new heavy hitting O&G board, it could happen. We often forget, well five flowed on the one zone tested, only 2 more to go!

I see, there is nothing funny going on with the cash. Although I would expect it to be below £20 mil by now, at least 4 mil for this programme.

It's only worth what people are willing to pay.

They became leyshon energy. If you owned 5000 LRL shares you got 5000 LEN shares and the price was adjusted to be in line with each company's cash in bank plus assets. I suppose if you wanted to see the true value of LEN it would be circa 6.5p which is what it floated at post de merger.