Member Info for Yuri1

No idea what happened Jeremy. We were having a great time celebrating. Got given this drink (no idea what was in it). Woke up on the floor, pants down and SP back in the red.....

Put another log on the fire gordon, I'll make the tea...

You can see why I said I have trust issues with this share. Yet again stung and yet more people have been caught up in the net. A great trade for the ones who sold today. Welcome new comers for a lock in. Some have been here for years. Probably best you build yourself a camp, you're going to be here a while.

As Paddy McGuinness would say, let the pump see the dump.

GLA

Thankyou for your honesty marine and your strategy.

Quite sad really that the media have news for before us. Have they paid into this? Nope, so why are we second class?

And if they are sells, someone is off loading big time bizarrely. We have been stung so many times on this, I just have serious trust issues on what is really going on.

It makes you scratch your chin, why people would sell on this? Or are they red buys?

1 trade so far of £215. Split that between the BOD and they should have enough to buy some chocolate hobnobs for lunch. This is the problem with AIM but if you strike it rich then we can agree our mortgages will be reduced massively, if not paid off!

Here's to the next 4-5 weeks of waiting. *raises glass* On the upside, we get to enjoy each others company for a bit longer. Cheers! ;)

Well, just got in from work to realise I left my phone in the car. Went to retrieve it and as i opened the door. A bird shat on my head. Is that a sign I wonder ;) GLA

Well there you go, little old me that has 0 experience in the oil industry is talking some sense ;)

With Oilex being small compared to let's say...Exxon. Are their drilling techniques the same? I mean with assistance from a heavy weight that probably has more if not better technology, could increase the chances of a better drill result?

Over time we buy back the banks share. It's just a back up so the bank feels warm and protected.

It shows how different I do business. If I was the bank, I'd ask oilex to prove how much oil and gas they have in the ground. Oilex then has to drill now. (Exciting for share holders) If they drill a hole that proves they have enough to pay back the debts then I'd shake hands and let them have the loan. A bank can't just say "computer says no". Try to negotiate? Sometimes desperate times results into desperate measures. If the only way to put this to bed is to get a loan. Either let the bank gain a share as a golden hand shake. (More attractive deal). OR Seek a loan off another oil firm that in turn gain a share of the profits but may also provide assistance with technology and capital. Id rather have less profit but make progress than waking up each morning with nothing to show.

So basically we have got 2 companies, each paying their staff a salary to just sit on the wall looking at each other going, "No you!" "Nope you!" "No you! "Nope you!" Until both collapse with no money left. Surely that has to be the most stupidest thing to ever happen. Do you think GSPC are trying to do that? And when oilex folds they get 100% of cambay which will be aid funded from the state? Sounds horrificly corrupt and dirty. Just remember the aussies aren't push overs. To prevent corruption overseas authorities and law enforcers might have to aid the situation. I'd love to sit in that board room to know what the hell is going on. Even if I'm gagged and only allowed to listen.

Theirs*

With regards to raising funds and buying out GSPC, I'm sure it could be done with a good bank loan? Debt paid back to the bank through oil and gas sales? Guod7 - In a previous post I have said we need to break away from them. Maybe there's a way we can divide our patch up in to two? However, we are still owed 3 mil. We either gain a bit more drilling area or have to go through courts for it. Courts will delay us more cracking on with drilling probably. Overall which I just said, we could just draw a line through the dirt, and say that's there's, this bits ours and get on with our own drilling and just leave GSPC there to watch us.

"What else are we waiting for?" Exactly! All focus is to get this up and running. This will react very similar to MXO.