Member Info for zeusfurla

I was tracking RSP (the detailed Level 2) this afternoon and it was obvious that following the 500k sell yesterday which kept a lid on things the MM's just don't have the shares to sell today. We will find another level where sellers will sell but prospects over the next 6-12 months are looking very good indeed.

Toronto looking positive today. Steady upward climb now?

Tracking back through today's trades there is no doubt in my mind that the MM's have pushed the sp back down to the level betwen 19-22p that many of the 16m shares were traded at a few days back. They need to dislodge new holders to plug the gap in the shares they have already sold (and they got a few sellers today). This will play out and the sp will rise - excellent buying opportunity for now. I'm still holding patiently.

I make it approx 50k more sells than buys today and yet a 1p drop in sp which shows the MMs remain keen to drop the sp and try to gather some of the shares they sold earliere in the week. They are still likely sweating. TXP has more of a profile now and if Coho doubles (or more) production, starting next Summer we should see a further sp rise tomorrow. Reassuring for me to see the company make the right decisions and be managed in such a professional manner. This is no get rich quick company or speculative investment. It is a solid grower now with excellent near term growth prospects.

I'm happy to be calmly adding more as the sp drops slowly. There will be news and this will shoot up - we can't predict when so waiting for the bottrom in my view is a risky approach. Buying on fear and when confidence is low pays most rewards.

If there is strong buying following the next RNS the MM's may just have to let this go. They pushed the sp down from 15p to 13p pre-RNS and have been trying to force it back under 20p despite haveing sold a lot more shares than they held. They are considerably short now and in trouble if there is strong buying on news. It's like a pressure cooker - it may pop or if buying is more muted they'll likely continue to try to grind the sp down gradually over time as PI's unfortunately have little patience and conviction in holding for the next few months. Cascadura testing is only 1-2 months away and will provide a big boost to those with patience.

Another attempt by the MM's to push the sp down on balanced trading. They haven't much time before the next RNS.

Just had a couple of top-ups. Bid is 22.35 so don't be fooled. Winterflood trying to keep a lid on sp.

Currently 41/23p - worth keeping our feet on the ground and avoiding attracting too many ramping posts - this has been a good board. Trying to stay rational amidst the good news!

I heard his voice crack at one point as he tried to stay calm - he is super-excited, he won't sleep tonight.

Canada sp just went from 36c to 41c - maybe someone buying in bulk?

Latest sell price I can find is 35.5c which is in line with UK, exchange rate is $1.75 to £1 just now.

Cantors are now offering shares at 20p to make it look like sells. Don't be fooled. Buying remains strong. MM's are clearly short of shares just now.

MM's have sold 6-7m shares today that they don't have and are trying to push the sp down as far as they can to loosen these shares from holders so they can make their profit. I'd suggest holding tight - plenty of upside for the patient.

I've never heard Lower Cruse mentioned before so this presumbaly was unexpected. Paul has though said that Trinidad as an island has oil across the island. Think we'll see a smiling Paul in interview thjough not sure if before or after Coho-1 announced. Still an attractive sp to topup at and buying still going on at 22p. Canada will likely see some hiugh volumes given past experience and this could move the market further.

Phoebus As far as I recall from the last few months postings and info from Paul, the independent assessment at the start of the year did not include any estimate for the lower sheets, although Paul mentioned in an interview a month or 2 back that if their geo model was right they were hoping for around 600ft of net pay. Well it seems even that suggesion, which he played very low key, has been significantly exceeded.

What is also really exciting is that it further proves their geo model. There could be quite a few more of the c200 (I think from memory) well locations that could now bear oil - a real 5 year drilling programme for Ortoire beckons. Coho-1 news by end of week then hopefully an interview or 2 pre-Xmas. This is a company maker along with Coho-1. May take a little longer to evaluate and get out of the ground to market than a lesser discovery but I am not complaining! Quite likely further drill required to assess deeper prospect once testing complete. Funds may also be required to develop/drill further here - may be debt or equity but we are a long way away from that decision. Well worth the wait. ASll we need is some liquidity and new buying interest.

Harel - worth being aware that despite the knowledgeable posts from HeidHoncho this is a poster with a specific agenda and one that would be happy to see i3E sp drop further - worth reading previous posts to make your own mind up.

We are in a state of limbo just now where next news could take a variety of forms and indedd timescales. I now have the patience to wait. If it takes 3 months or more that's ok with me.

Sunday

Looks like liquidity is returning to the market!

Dana

Spread's been like that since yesterday afternoon - discouraging any trading. Still waiting patiently here. Either there have been some delays due to drilling problems or they are working on an RNS which is positive. Either way a dry well result looking less likely as the days pass.