Member Info for zatcha1980

Today..Go to take advantage of the drop. Way undervalued now.

£8.1m in bank plus £2m from this months revenue. = £10.1m Lets just say £9.5m taking out expenses etc. Next Month it will be £11m. The Pot is building up. I believe Next financials is in March. Hope we have few more deals before then.

Exactly. This is reason why they are either still discussing buyout or a merger. Interested to to see who the new operator is. Could it be TRAP?

We have Brule and Beardeux Prospects close to Athena. If TRAP concentrate on these 2 and tie in to Athena Infrastructure then bobs your uncle :)

TRAP Management Statement on Romeo: Trapoil's management currently believes that an additional well penetration is required on the northern side of the structure where the seismic character is very different to that penetrated by the subject well. Further appraisal work is required in order to fully evaluate the potential of the Romeo prospect and provide guidance on oil volumes TRAP Management Statement on Orchid: Trapoil estimates that based on the current available data there are in place unaudited volumes of approximately 40mmbbls which should potentially provide a commercial reserve. However, a second wellbore will be required to provide conclusive evidence of such potential I am delighted that the Romeo well has successfully discovered oil as it was one of our 'home grown' prospects for which we earned a fully carried interest. We have now discovered oil in both wells drilled to date and look forward to the next well in our ongoing 2013 programme. To me it seems that TRAP Management are happy that oil has been discovered in both wells. Now i think that TRAP will take this opportunity to buy out one of the Partners % which i think will be Noreco just like they did with Summit on Orchid. Also just to add that although they got £1.5 million from Centrica, they used that money to buy 45% working interest from summit for the same amount

Did sell above 18p. And bought back in at 16.5p. Could have waited but i thought go for it. :)

17.49 to buy and 17.4 to sell.

You still around Mate? Heavily in here now. Average 17p. I believe Orchid may be flow tested this year now that they will be Operator. News on Romeo and Inverewe due now.

All buys so far. Zorn, I agree with your comment. I believe we may have 2 pieces of news next week. Romeo and Inverewe.

The next drill will take place straight after romeo. Im hoping we see some news on inverwere before end of next week.

17.2 to buy / 17 to sell

Unfortunately I don't think they do or else it would have been mentioned in the RNS. This is what i was mentioning way back. The issue of pipeline sharing.

I am going to wait and let the dust settle first here. Heavily in TRAP at the moment as they have alot of potential news coming in few months. DECC License, Athena and Trent east Aquisition and current drilling. SLME is another one im in and few others such as TPET and NEW.

Researched this over the weekend. One of the fields has been shut down and restart late next year.

Youre not changing your mind are you?

I sold at 26p yesterday so i'm happy with my decision. My money is now in NEW and SLME. GLA

Sold at 26p. So made some profit. Was not in as heavy as you but profit is a profit i guess. Put it all into SLME now to average down. Again will buy in here if it drops below 20p

Something definatelly going on in the background...

Looking forward to breaking through 30p today. Fingers cross.

Yes, i was out after the duster. Bought in at roughly 21p and bought more at 27p.