Member Info for Yanis2005

Tygra, The flows are now increasing in a stabilised manner. From the NGG Data Viwer the following flows, converted to MMSCFD (where we have a D+1/D+2 took the average):

MMSCFD
1.21
1.78
2.42
2.77
3.39
3.33
3.34
3.27
3.52
4.35

I’ll say that is a nice steady increase. Don’t forget there is a lot of condensate too (50 bopd reported Friday). They are increasing the flows slowly balancing the two (gas & condensate). I think the days of instrument trips a are over.

Today we have 4.35 MMSCFD … another day or two and we’ll be at 5.5 MMSCFD or more. Patience.

Selfish, I hope so and if true is better for us because the SP will recover once they cleared out. We will soon find out.

Serif, that maybe correct, I saw L&G damping a lot of MPL stock at huge loss. I hope this is what is happening here. If it is then we’ll see a TR-1 this week.

Draft, according to Serif BGF obtained their shares at 3p and are not likely to be selling this low.

Selfish, UJO has been tweeting almost every day … sometimes around 10 times. Always emphasising their healthy cash position - when did SO talk about EOG cash position. What good is Wressle success if all the money made simply keeps the lights on? (Impression given IMO).

The big seller (BGF), Serif mentioned below that they got their shares at a previous placing at 3p. If true it may explain why we have such resistance in breaking above 3p, but would they be now selling at a loss at 2.7p and below? I don’t think so.

Dan, I fully agree with you. Before the placing we touched 3.7p, we were higher than EDR. It came down when the placing was sniffed. But, we are where we are now and I wish EOG would do more PR to support sentiment. They very rarely use twitter.

Very frustrating. I never expected it to drop this low. Added 500k last Friday at over 2.8p and I can now buy 500k at 2.68p !!!

Heading back to placing SP? Possible.

Selfish, it was 21 just a few weeks ago.

Draft, exactly - is nor that risky, is an appraisal. Europa needs to up their PR and they need to be talking about things that attract investors. UJO does that very well and SO should take a leaf out of their book.

He talks about how profitable Wressle is but never once stated the cash position - it cannot all be going on salaries!

Bid down to 2.6p now. It’s wasn’t meant to happen so close to spud.

Prudent or not … that £1 mil loan facility severely dented sentiment - the SP speaks volumes.

Our partners UJO and EDR are flying but we are sinking why?

I calculated (counting from the IG chart) that we traded 82.1 mil shares after their filing. This would not include late reported trades after hours. A lot of shares to be from PIs that have been holding for so long - and dump them as the drill is coming up? Doesn’t make sense. We should be getting another TR-1 soon.

We need some news to bring buyers in and clear them out.

Looks like BGF is aiming to sell the lot - more than 80 million shares traded since the TR-1 and the SP is going down. They must have crossed another threshold and I am surprised they have not filed yet, placed large sell order?

How many times do you think the 2p will be tested? It has already been tested 5 times and Friday formed a bullish harami at the 2.075p support. I don’t think we will be seeing 2p any time soon, is up from here.

That is 4.35 MMSCFD (in units that everybody understands).

That is 0.9 MMSCFD above September’s hedge (which is 3.45 MMSCFD)

Buckle up.

Asher, thanks. Enjoy your Sunday too.

How much did we hedge out of the 5 MMSCFD?

Baits,

All the best. Good luck and happy retirement.

BV, have you added today? I added a few more after that monster RNS.

Yeah! :):):):)