Member Info for Yanis2005

Les, we might see another TR-1 today or tomorrow, we had quite a few buys between 0.35.0.45p.

The sidetrack is likely to come in as early as next month. Any money produced by the sidetrack goes straight in to Angus bank account since the flow from B2&A4 wells covers full hedge ciommitments.

If it flows as expected, 5 MMSCFD is another £5 mil per month in to Angus bank account at a conservative £3 per therm.

Btw, I lost the link to the gas prices (futures), can somebody repost it please.

Wyn, AR is sending a message that … he is not selling.

The amount of shares purchased is immaterial.

Les, looks like AR is still bullish on this and you are right, maybe another TR-1 coming. The sells have changed in to buys.

SP pulling back up from the day’s low.

It seems to me that is small PIs (like us) doing the selling today. Big holders like Octopus and Rosindell are holding, in fact Rosindell added today.

Jack, thanks for the good wishes, hopefully a miracle.

Geeman, is very painful indeed, is a fortune at stake here and I hope they pull it off and find a buyer, or an investor.

Geeman, is very … very … very … painful for me. Down £52k at the moment and if I sell I probably get back £3-5k as it will go below Bid.

No choice but to hold. It will be less painful loosing it all than missing the SP going up in the event of a sale. Swearing phase over, is now hold, pray and hope.

Just noticed the Form 8.3 … Alan Rosindell added, a small amount but an add nevertheless.

He is trying to send a signal I think

Jack, you are absolutely right. CC is beyond her depth. Choosing to be loss making …with other people’s money!.

So, Geeman, that 600k @ 0.35p is yours?

At this level, given my considerable losses, I will simply hold, hope & pray.

EOG tweet

“The Stena Don rig has mobilised to site ahead of the POTENTIALLY transformational drilling of Serenity”

https://twitter.com/europaoilandgas/status/1572150461918060544?s=21&t=beLqmW8NwgoRxkmg2rTQxw

Seems that the SP has bottomed out. Fingers crossed it will now crawl back up.

End of August Eve had £1 mil in the bank + a few £k drawdown facility.

As, Eve said they have until October to find a buyer or an investor.

In a few weeks it will be over. A few weeks after that our pain should be over too, if it is belly up. But, there is still hope.

Herbert, SO did say 50-50 and better than 50-50 chance I think. So the odds are leaning slightly towards a successful dril.

Personally, I intend to hold past drill results but is damn annoying seeing the SP go down instead of up.

And I don’t believe that is the “seller” (i.e. BGF) that is causing this SP drop today. BGF got their shares at 3p and we had tons of shares sold below 3p and no TR-1 was filed.

In my opinion, what is causing the drop are confetti shares placed at a heavily discounted 1.8p price. Locking in to profit.

The drill is about 50-50 chance, we hearers this from the horses mouth - Simon Oddie.

In my opinion, the “prudent” move to secure £1 mil loan from UJO help a lot to dampen sentiment - should have had this money from Wressle operations already, with no need to borrow. The SP reacted negatively at then time when the RNS landed - and the market is always right.

Geeman, if he buys more I will be adding.

What is it going to take to bring buyers in and lift th e SP up?

Is becoming clear now that, bar explosive news on the other assets, the only way to get the SP up is drill success which is about 50-50 chance, a coin toss.

EOG sentiment is non-existent. Time to get the new PR team working, in fact is long overdue.

Cheers Geeman, thanks but after today’s RNS … the end?

Looks like if they do not find a buyer or an investor to inject more cash then is game over in October - or did I read it wrong?

There is nothing in there about using their own gas resources. Ryan is an idiot.