Enegi Oil Share Discussion Threads

[whe4to] 03/11/2014 17:29

Last trade was a £6750 sell, so that's a negative for today.Tomorrow's another day closer to an RNS; will it be worth waiting for!"do ya feel lucky, well do ya"GL

[last throw] 03/11/2014 16:41

risk

I know already and am as frustrated as you at the very slow progress BUT I remain convinced that we are making progress and that we also have our Plan B's in place.

It's just taking a little/lot longer than long/short-term holders expected!

LT

[whe4to] 03/11/2014 16:04

£6500 buys v £700 sells, not great, but at least positive!GL

[risk1] 03/11/2014 15:07

Where is all the good news LT?

[pistonbroke1] 03/11/2014 15:03

Tomato or Brown. down again!

[risk1] 03/11/2014 13:08

Source please joan?

[chinadog3] 03/11/2014 12:12

Joan of lark poerhaps

[risk1] 03/11/2014 12:05

Nope sorry joan stop it

[whe4to] 03/11/2014 11:41

Volume doesn't agree with you Joan!?!

[joan1234] 03/11/2014 11:20

DECC approved expect news imminently

[colonel a] 03/11/2014 10:56

mañana ?

Or perhaps ENEG takes it's inspiration from the Gaelic of the Outer Hebrides which reputedly lacks any expression which carries even that degree of urgency ?

[5baggersrus] 03/11/2014 10:51

mañana

[chinadog3] 03/11/2014 10:45

Tomorrow

Do we have a word that expresses that degree of urgency?

[risk1] 03/11/2014 10:10

Always tomorrow mate

[5baggersrus] 03/11/2014 09:43

Maybe tomorrow......

[risk1] 03/11/2014 09:23

Where is all this newsflow LT? Why is this company ALWAYS On the last minute?

[risk1] 02/11/2014 16:55

When are this company going to reward its shareholders?

[whe4to] 02/11/2014 09:20

Thanks FP, this is most helpful.

[father_paul] 02/11/2014 09:13

From the BSE presentation this month ...

Changes to the Land Tenure System

A New Barrier to Entry

• Under new regulations BSE’s 5 existing EL’s would now cost a minimum of $50 Million. Fortunately BSE is already there.

[father_paul] 02/11/2014 08:56

Richgit, I guess putting a value on West Newfoundland is difficult -

BSE plan on drilling the PAP#4 well in Q2, and as far the farmout terms go, the second well must start within six months. So the value of Garden Hill will become clearer, once PAP#4 starts the farmout process.

As far as the other two licences go, bidding for a new exploration licence has changed this year and now requires a minimum bid of C$10m per licence. This at least means that Enegi's exploration licences EL1116 and EL1070 are worth C$20m gross to a farminee or purchaser.

A second farmout or a reworking of the existing farmout, should not allow the farminee these licences on the cheap. Unless it is BSE that are interested and already have them over a barrel with the loan repayment.

[father_paul] 01/11/2014 10:43

No RNS until forced to do so - BSE have them over a barrel with a £1.2m loan repayment in December. Tie that up nicely with the forced divestment of operatorship of West Newfoundland, and the cancellation of the defunct farmout to BSE. Then dress it like a turkey for a Christmas RNS. That would be the present that Alan is so excited to receive?

Ps. Easy to get cynical when there is no investor comms!

[risk1] 01/11/2014 08:30

Dont feel lucky