Member Info for zatcha1980

I'm not worried. Like you said there is only 1 way this will go and that is up. I'm in here for the long term. Year end see this more than double to current SP. Athena still producing dry oil which is great news. Return on investment by end of this year. Further news on 27th License rounds. Future revenue from Trent and also tie back into Athena field once drilled Brule and Bordeaux Prospect.

Youre right mate. This is not the time to wait on the sidelines. Financial Results will tell us how much money is in the bank, update and hopefully have result on first drill before or after the results..

No One knows mate. However once we get closer to drilling end this should start moving up. Interesting to note the results end of the month which will show how much money we have in the bank.

I guess. Hope for more rise from now on

Are you in here mate?

Not at this stage. Too early for any share placement.

this morning just below 16.5p.

Track record in drilling by Dana. Fingers cross of successful drilling. Less than 20 days to go.

Yes mate. I have trading account and SIPP. The holding i have in my SIPP will be long term. As for my trading, im not selling till i see 30p +

At what price did you get in? My average is 14p at the moment. I was at 16.5p before but bought more to average down.

Dont worry mate. This will take off soon.

Crazy Horse delayed till next Year. Brule / Burdeaux brought forward to this year to be drilled and to tie in to Athena.

Paul Curtis increased his holding. He'll end up buying the company at this rate lol

Seller cleared - Need to clear the Overhang now. Mixture of buys and sells so far.

from Paul Curtis http://boards.fool.co.uk/corp-crom-trap-oil-has-its-fans-on-this-board-and-12737543.aspx?result=RecSuccess

PC has confirmed that He bought 1.25m at 13.25p. And believes the Seller has now cleared.

Yes thats the last of the seller cleared now.

Confirmed by PC. Now we should see some movement north.

I believe nothing has changed in regards to Fundamentals. The question came about on todays RNS. The Facility is available for immediate draw down in full and is designed to fund certain potential production and development expenditure in relation to, inter alia, the group's Athena and Crazy Horse assets. If you look at it, they brought forward Brule and Bordeaux Drilling and pushed back on Crazy Horse. My gut feeling that they want to carry out siesmic on Crazy Horse and drill Brule and Bordeaux and tie it to Athena. They have 46% in Brule and Bordeaux where 6% is free carry. If they can prove this up (19m and 17m) then this can boost cashflow. Crazy Horse will be the game changer over 100m barrels. So i assume they want to take time on this one and making sure they hit the right spot

Facility is to Allow them Cash for Trent East, Siesmic and Crazy Horse whilst maintaining safe cash pile. Possible Athena work is appropriate.