Member Info for Yoghurt

within published timescale?
29th Oct RNS 30-45 days to complete and evaluate.

AGM statement was 800K drill cost for Saffron.
I wonder was it has really cost?

Folks talk about the risk of drilling and I appreciate those odds, but we want him to build the company over the 5yrs - stack the odds in our favour (like clove might have) not take our cash and put it on red or black. I can do that myself.

If it turns out saffron (as now expected) runs heavily over budget without commercial success LK should be held to account for not drilling Clove first and exposing his shareholders to unnecessary risk. If, and it is still and if, this drill flops then it is a potentially worse decision than the stuck drill bit because he had an option to drill a cheaper, shallower well that might have educated the team to the geology a little more without such heavy financial risks attached.

MrMAgoo - That is likely a sell. It is listed as 16:37 after the market closed at 16:35. Probably why we dropped back a bit today....In any case it likely isn't worth following it on a day to day. We are mostly here for big news like Saffron & C02.

Only 2M shares traded

So it is Saffron after all that is first up.
https://twitter.com/Columbus_ERP/status/1169890747794911232?s=20

September presentation required before the end of August.
With a 60% and 50% option for B or C for 9.2m & 7.5M USD carry the smart money might move to PMO who have downside protection. We need some Jam for unconventional and Yukon.

Burgundy

Exactly MH, news today UK/USA pre Oz tonight.
GLA

Anyone else here also invested in PANR & also thinking we are also waiting for whomever is buying in to us is possibly buying in to them? They only opened their data room a couple of weeks ago but the do have a discovery so likely they can process it quicker than we did as they already had discussions ongoing and is the buyer looking at their data crossed with ours?

Plus time, plus large area of continuous acreage, plus all the intangibles in a macro environment like onshore, USA, oil price, getting in and maybe developing working relationship for 2H unconventional etc

& tomorrow is 2Q 2019 Chevron Earnings Conference Call
Friday, August 02, 2019 11:00 AM EDT

I doubt any Chinese aspect to this - not in the current trade Trump climate

A small part of me wonders if the delay is associated with other opportunities for the farminee. I'm also invested in PANR and they are targeting a farmout of the old GBP leases before this coming drilling season albeit with a discovery since the flow test of Alkaid this spring. If you're a big player like COP do you tie the whole lot up, and this adds value to both? We know that above ground costs are typically higher in Alaska than the lower 48 and avoiding the parceled acreage approach could be a factor. Can only think the GBP/PANR conventional flow test this year could have also added value to our lead prospects but is this a little offset by the volume of available acreage for farmout by both parties?
WDKWWDK.

Does LK not indicate in the AGM video that one is in September and the second would be in 2020?

That is what I was thinking, Eric is possibly free to do his own thing as we might have a FO partner directing conventional drills from their side.

Skin in the game from BoD - Taking % of wage in shares at 5.1p

Ross - How do you argue the point made against you that you are constantly negative on CERP?
On a macro it is hard to argue, LGO was like burying money in the ground and it is clear the Bolt negotiations (albeit now positively concluded) created a time lag for your negative outlook to be disproved in the 'right now'.
We are however now in the window when we know a new country entry is imminent & the herd will likely appear between now and SWP drill, both of which will likely create demand in the share...possible we will see 5p-10p range on typical AIM punters arriving, since you know the share so intimately why don't you quit the negativity and hop on board like you did when LK first appeared? We know you're not altruistic so what else would you have to gain with the endless pessimism, anybody arriving here in the next 2 months will know they are investing in an exploration opportunity in SWP that is hopefully balanced risk reward on some appraisal aspect, new country is likely to be next door to a proven commercial area & unlike a lot of AIM the shares this has relatively regular production to protect a little against the downside.

Why don't you tapper the negativity so you don't look like a fool if this does come in, don't waste more of your time here, don't continue repeating yourself, don't continue to annoy people here, don't continue to waste other peoples time responding and don't waste anymore of the one commodity we all cannot afford....time!

Have I missed any SOL update in the last few days?
Wonderful if that adds another little kick.

Has anyone at Sound ever spoken to whomever picked the original TE5 spot and what their view on a drill target would be best in the whole of Tendrara? It would appear that he/she would be worth consulting.