Member Info for zatcha1980

You are right, however they are now doing workover on existing wells to boost production which is what I would have done if i was unable to get finance. However like ultrapunch has mentioned we are still issuing RNS on takeover so I believe they must have interested parties or have parties willing to take part in finance. Directors even bought at a higher price than what it is today. Either way something is happin in the background and is causing alot of interest in here. I believe tomorrow we will be above 30p as the SP starts to move quickly in the the afternoon.

No i did not. I actually topped up more at 27p before 4pm.

30p + finish tomorrow mate.

Thats true, but you have alot of peeps buying in from 15p onwards. So these peeps will either stay in till possible takeover occurs or move on when they have made 100%.

Looking at todays trade, not alot of sells were going through. This indicates that were not willing to offload till we either taken over or an RNS for something else. Its definately getting hot in here. I think 40p is achievable by Friday.

It seems no one is willing to sell at the moment. We should see this move above 30p this week.

12,268 @ 27p

have a look at SLME. Way undervalued. Flow rate at initial clean up better than expected. Flow rate due end of this month. Current SP 10.5p. Highest it has been was 23p. Its down due to delays and seller offloading. One to watch.

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COME ON :)

25p could be possible

Finish above 24p would be nice :)

today. Hoping to see more blues this week.

7474 @ 21.25p.

I know mate. You are the man !!!

Alright mate, you lucky bugger...keep an eye on TPL mate. There is a seller offloading there but that could be next boom. Update next week (increase to 8000 barrels per day)...

Payment Received A$11.9 million US$9 million in damages including costs 1,200bopd net to Lochard borrowed US$14 million from Gemini Oil & Gas Fund II, L.P. ("Gemini"). Under the terms of the Gemini loan agreement Lochard is required to repay Gemini US$28 million plus a 5% residual royalty on gross production ("Gemini Royalty"). Based on current production levels and oil prices your board expects to have repaid the first US$14 million of the Gemini loan by February 2013 and the second $14 million by November 2014 board has entered into a £3 million draw down facility ("Draw-Down Facility") with Henderson Global Investors Draw-downs would be in units of approximately £1 million and attract an interest rate of 12 per cent per annum. Repayments of drawn down amounts would attract a repayment charge of an additional 5 per cent. agreed to pay the claim of the previous Chief Executive for A$1.3 million in respect of the termination of his employment. Overall summary is that whatever revenue they make from Athena will go to pay off the Gemini Loan, Pay Chief Executive and the settlement for court case.

Hopoe: Yes, had to sell in bits and bats. Took a big hit here. Blad: Unfortunately the market will only see the result from the drilling. Any other news they just ignore. reasone why BEH has gone down.