...about the merger. real news is 1)listing issue is over and 2)bridging to final permitting is no longer a problem and 3)financing problem resolved and 4)immediate secondary offering is removed. BH JV revenue will flow imminent. All the overhangs have been removed.
People thought Dingo was worthless b/c there was no market for the gas. My numbers were simply facts. Quoted gas reserves times price of gas. 11% ownership in CTP will get MPET 11% of every well drilled forever in a lease roughly equal to 1000 miles long x 250 miles wide holding a new recent discovery. I can see their point.
google: "West Sussex County Times Celtique"
Click on VIDEO "Why wouldn't....from 1/24/2014.
Celtique CEO interview gives plans for UK wells and timing of drilling.
3 wells pending plus 2 more under consideration.
yes, P Valley, Dingo, Mereenie declining fields gone, but Poplar, NT/P82 and $5B of UK assets added.
I am just worried we have to truck oil 30 miles.
I don't know but people on this board have been buying the dips for YEARS and have grown used to it but one day it doesn't dip anymore and they all get left behind on the way to $5.
if Celtique gets bought out of Weald by the majors moving in, we may see MPET have to go along with it if the deal is sweet enough so $2 is now $4.
its like you say...one day we wake up and offered $2 all cash tender and stock is up 60% overnight. You need to be in before June when they spud the Horse Hill free well.
and you were the guy who said Aus was dead and Dingo was worthless because there was no market and we ended up getting $35M for it.
it took 43 years to get 43 years of experience. no shortcuts. no excuses. leave him alone.
CEO has repeatedly said Poplar is estimated 50M barrels or roughly one barrel per share based on o/s today, so $50 a share for Poplar (revenue) minus costs. Offshore Aus if successful is $4-$5/share. TPLM is drilling 3-4 wells adjacent to Poplar in deeper formations within the next year that could prove up Poplar deep.
I believe the oil alone in Horse Hill is worth $20M if successful for a 35% share.
Target there is gas however, oil is a bonus.
I stand by what I said. Guill will not help them (down 70% cost basis plus major dilution) and Calico is dead.
I do like TLR from a risk/reward standpoint at this price tho IMO.
Google "Calico Rockstar" .
Click on first link "Seabridge Gold Reports Sale of Grassy Mtn"
Read second paragraph pertaining to Calico. The deal is dead. Quit spewing out incorrect info.
Ron Guill has been moving out of TLR for several years. He owned 10M shares at one time and now down to 5.5M. He no longer manages BHJV and resigned from TLR board of directors. If he wanted to fund TLR he would have already done so.
ok. make sure you check the date of the articles you read. The 8.2% Guill position was of 3/31/2013. If Guill got angry with TLR and walked away and sold out of everything, he probably will not be loaning TLR money going forward. I would like to know if he still owns the shares. Surprised no proxy is filed with SEC.
The Calico deal is dead. Rockstar failed to pay them also.
If Ron Guill owns 10M shares of TLR, then why isn;t he listed as a 5% holder in SEC filings? Or for that matter in any major holders listings for TLR? Are you sure he still owns them? Cant locate the proxy tho.