Member Info for Yanis2005

HITS, I have no doubts in that a wet commissioning announcement within the next week or so which will confirm that the gas will flow in good time will see a substantial rise to the SP. That is not to see that there will not be further SP movements on subsequent announcements.

HITS, if only. If the market followed set criteria we’ll all be rich.

The market acts in anticipation and when it sees a sign that gas will flow (i.e. announcement of wet commissioning in a few days time) then it will move up substantially in my opinion.

A substantial move is what we are all anticipating. That is not to say that there will not be further substantial moves as the prospects improve.

In my opinion, wet commissioning announcement within the next week will see the SP two to three bags up from here.

Hit the post button accidentally … another go

The 1.55p is one tough nut to crack - Extremely strong resistance since we have been ranging below it for nearly 3 years.

We are very close to breaking through though as are slowly slowly forming a higher base. A trigger (news) should now see us breaking through and moving substantially higher.

Interest so far continues to be good and looks like we are heading for another hefty volume day today. Not long now.

The 1.55p is one tough nut to crack - Extremely strong resistance since we have been ranging below it for nearly 3 years.

Chart looks set to explode … 1.55p next

CompoundInterest, this gives them a very good incentive to drive the SP up because if they don’t they will not raise any significant amount.

As posted below, they can raise £916k per 1p:

Selling the 91.6 mil at 1p they receive £916k
Selling them at 10p they receive £9.16 million

Bob, agreed - all good now, a few days slip is a non-issue.

Another good volume day today and the SP getting stronger.

Time to log off, have a nice evening all.

Ericnat, fully agree - a few days slip is neither here nor there. Nothing to worry about. All good.

IMO, wet commissioning cannot start tomorrow, the J-T package only just arrived and it will take some time to connect and test. Then assuming all the other equipment has already been tested, the complete integrated system needs to be tested.

I expect a few days slip in wet commissioning start, but there is nothing to worry about.

No reason to panic, wet commissioning should still start this month and be in full production beginning of June.

Is serious volume yes, but the SP is not moving up.

Since the last placing of 60 mil shares at 1.10p we traded well in excess of 800 million shares over the last 24 trading days, all at circa current SP level. Today we traded another 69 million so far and the SP is stagnant.

Well over a billion shares turned at current level over the last couple of months. Hopefully, these were 10%-70% flippers and the SP has now formed a higher base. If this is the case then bodes well for a substantial move up.

I gone through the numbers.

They are asking for authority to issue shares equivalent to £91,580.81 which equates to 91,580,810 shares (0f 0.1p nominal value)

So, this is authority to increase the number of shares by another 91.6 million shares (rounding up) which is 33.33% of current float (i.e. 274,742,418 shares)

They are also asking for authority to sell direct to the market (as per my interpretation, I may have it wrong) shares up to nominal value of £13,737.12 at a time. This equates to 13,737,120 shares.

If all of these shares are sold then it will result to 33.33% dilution - If they are sold.

Selling these at current SP level though will not bring much money in since 91.6 million shares is valued at £916k peer 1p.

So it will only bring in substantial money unless sold at much higher SP - Hopefully an incentive to drive the SP up.

Sentiment here right now stands at zero, in fact negative and doesn’t look like the AGM tomorrow will reverse this.

Two of the resolutions (main ones) are on issuing shares, I don’t see this as good for shareholders - - Any views on this?

Oktane, I agree with you on both points.

It must be time to take out the 1.55p resistance.

Since last placing of approx 60 mil shares at 1.10p, we traded over 24 trading days (excluding today and excluding after hours trades) 800 million shares (counted from IG chart).

All of these 800 million shares traded at circa this current SP level, cannot be many more 10%-50% flippers left.

I think a move up is imminent.

Strong volume (50 mil) today and interest is increasing. Tomorrow we should take out the ASK at 1.40p and hopefully attack the resistance at 1.55p. Fingers crossed. Have a nice evening all.

Cheers BV. We are in Q2 now, so a Lidsey RNS can land too.

We could be getting a Brokham update soon.

BV, Where are we with Lidsey?

IMO, with adequate manpower there is no issue in achieving gas production beginning of June. I am sure given the significance of this Angus would have as much manpower as they can possibly have on site.

Is looking very promising now. Market a bit slow to react but it will as it becomes more apparent.

WG, we don’t know how the design is. It is possible that most of the Control System field termination equipment is in the Electrical Room (e.g. RTUs). What you then need are serial connections from the Electrical Room to the Control Room which take little time to install and test.

You cannot see from the pictures whether or not the control room is fully terminated.