Think this will be the same as to why it's not showing on some other platforms too? HL showing as "This stock is an interim line resulting from a corporate action that will be exchanged for cash and/or stock"?
RE: Have the lights gone out yet ?31 Jul 2019 09:39
From Reabold's RNS this morning, Corallion have increased their share in Colter South. Can only be good news if the operator is willing to invest further in the area.
"A portion of the net proceeds from the Round 6 Fundraise have been utilised by Corallian to acquire Corfe Energy Limited's ("Corfe") interests in licences in which they were a JV partner with Corallian. Such interests comprise four licences in the Wessex Basin, which includes the licence containing Colter South, and the Inner Moray Firth, including three new licences offered in these areas in the 31st Licensing Round. The Pmean Prospective Resources attributable to Corfe's interests are 10 mmboe* in the Inner Moray Firth and 6 mmboe* in the Wessex Basin. Following this transaction, which completed this week, Corallian's interest in the Wessex Basin JV licences increases to 74 per cent. and in the Inner Moray Firth JV licences to 45 per cent"
I'm in RBD too and there's barely even a whisper going around about Colter. I suspect nothing really moving. Not really worth selling here at the moment, take whatever I can get on eventual Colter news. I'd be surprised of anything other than "we are evaluating the best path forward" for the rest of the year.
I've also been in for a year, and the share price is the exact same now as then... As much as there is news coming from all different angles, none seem to have a strong positive impact on the SP. About time this share started moving properly.
From UOG RNS this morning "In the UK, in early 2018 the company farmed in to Licence P1918 in the Wessex Basin and later in the year participated in the Colter appraisal well. As is often the case with oil and gas exploration the results of the well surprised and disappointed at the same time in that a new and unexpected discovery was made at Colter South while the original target at Colter North was smaller than pre-drill estimates. However, in terms of the overall Colter prospect the company's commerciality threshold was exceeded and evaluation is ongoing as to the most appropriate way forward"