Hypnotoad1
29 Apr 2015
Re: Brent Spot over $65 Which adjacent rig would that be? Excuse my ignorance but I don't know of any rigs in the area at present. Thanks....
onedb1
29 Apr 2015
Brent Spot over $65 Surprised to see us at this level when at $60-62 we were moving towards 3p again Whats even more surprised is that value has not decreased as our licences have been extended ( unlike a current favourite on the bbs i.e. UKOG ... ) G&A was reduced with the departure of headcount and has been already accounted for months in advance . Cash at bank is over 3p and FAST has two assets , the Cetlic Sea just as an example has seen the BOD spend around $20m on it and will be looking to recover that figure on a farm out plus a probably carry . So a 20% discount to cash and 2 big assets priced at zero with costs and expenses accounted for / You wonder why the market is so cagey . After all all the resources and technical appraisal of the Celtic Sea was said to have received great interest from the majors , not poor interest . We also know of an adjacent rig in place that could come in really handy should a major want to start drilling asap . Bit bizarre but I guess its down to lack of press coverage and lack of news . Normally these are the best times to buy a stock not when its rising fast, but when its consolidation and even more so if its trading well below cash at bank as they can stay for 2/3 years and still deserve a better price than today's My view & DYOR
ookyfly
28 Apr 2015
Re: Very poor volume Hooray, a small rise - though on tiny volume.
alphabravo321
23 Apr 2015
In the context of "a rising tide lifts all boats",It will be interesting to see how the potential development at PVR/LOGP/SEQUA financing will affect FAST. I don't see FAST having the purchasing power to outbid a farminee to BR...
onedb1
20 Apr 2015
Very poor volume after the interesting volume and price rises last week . Poor volume on a negative day is a good sign , as we had good volume of good price rises. Nobody seems too keen to sell . After all this is trading sub cash and sub forward cash projection minus G&A for 1 year . With two assets that should become more interesting as this Brent rally continues , just need to stay patient I suppose
onedb1
17 Apr 2015
funny how this can bounce from 2.5p down from yesterday's 2.97 high ! It always amazes me how fickle private investors are . Brent is rising and has risen well in the past few weeks The firm trades sub cash and sub forwards G&A expenses for the whole year . The firm has 2 big assets , the Celtic Sea one , more that likely attracting and offer soon . As many majors agree about the technicalities , not to mention there is a rig that can be used not too far away . Big Bonus So yesterday to today nothing has changed , yet someone bought at 2.97 and someone sold at 2.5 today i.e. a disparity of 0,47p . Enormous and simply shows how AIM micro caps private investor can be soooo impatient and fickle lol 
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onedb1
16 Apr 2015
Re: Brent $60..... OG . I hear you , thanks for the recap and reminder , with all the stuff going on all over the sector , this is a very busy period to keep one's eyes and ears open . With Brent today touching $63.6 and now $62.6 . Which is great news for us here .Good recovery from the low 2s at least so far. Lots to go
OLADAPO OGUN
16 Apr 2015
Re: Brent $60..... Onedb1,With the way the oil price is going now, I expect all the departed farm in guys to start coming back to the table and not long now(imho) the first farm out agreement should be announced. What I would not like though, is the sort of agreement Argos Petroleum just had with Noble and Edison, now that is a very horrible farm out! Kosmos , I guess are waiting on the Freeport McMoran-Pura drill before they come up with any new drill news or location. If they strike it lucky, considering Fast has a similar prospect on its block, a bit of derisking would be acknowledged and maybe a spurt in the price would be experienced here. Pura are going to start drilling sometime this month so pls keep an eye out for their news.
onedb1
16 Apr 2015
Re: Brent $60..... OG , I think I may have been there too . He is very charismatic indeed . UKOG is going to hover just above where the big rise started , I'd expect 1.5 to 1.9 as being the level it may stay for a while . Remember to check what the YA Global Seda agreement has in terms of financing , as you can bet whatever that the dilution will be inevitable to get to the stage where they can start to commercially produce oil . I warned many bb viewers on the FRR bb , the very day , not to get in at 3/4p . I stand to gain zip and risked the wrath of UKOG investors . So i never posted on that bb lol FASt is doing well which is what matters to me more We have the cash , we have our year fully costed , we have 2 great assets and a good management team , I never liked the CFO they hired and now that he is gone we also make a good saving on his unnecessary salary . Sooner or later they will announce a deal here . I still need to post my TA view , but the chart is eloquent enough for all to see , I reckon we'll be seeing 5/5.5 on speculation that the Celtic Sea is going ahead and the rising Brent price will really help . On sale we should/could reach the 10p level in my view . But lets not get over excited till we get the confirmation I do though wish to add that the CS asset should deliver at least $20m in cash plus am hoping for carry on future production for no cost. Then I hope Kosmos updates us as the estimate was for around 360mmboe in the primary deepwater reservoir objective . So as FASt is trading at a market cap of around £9m there is huge upside here from our two existing assets that the market has decided to price at zero and price the company sub cash too , bizarre . But I have been posting the same story now for a while and at 2 and 2.2p been banging on about it quite a bit . lol ) Time will tell
ookyfly
16 Apr 2015
Bought 400,000 at 2.70p. Fingers crossed.
OLADAPO OGUN
16 Apr 2015
Re: Brent $60..... Morning onedb1,Let's see what happens to ukog next! The way the initial rns was written meant ukog couldn't be blamed for mistakes made by any novice investor. Real shame no doubt. Once met Lenigas himself at the proactive forum when he was promoting Leni oil and gas, very convincing guy I must say .
onedb1
15 Apr 2015
Re: Brent $60..... evening OG Thanks for the kind words. I agree with you UKOG was a funny one , the RNS today even funnier . Imagine that the very day they rallied I wrote a piece on them ( I avoided the UKOG bbs to avoid being lynched ) but then today i read nearly all my same points on the Evening Standard - lol !!! What a bunch of jokers the media can be . First they hype the company then after many will be stuck with 3 and 4p shares they now attack it . Horrible media ! Always late at reporting reality and always early to hype something they have no clue about . I nearly wrote to the Standard journalist . I trade and invest full time , so will have tons of data on fundamentals and many FTSE and AIM stocks , i specialise in TA for sure but when I read of an AIM company , then the name Lenigas then YA Global Master then I know that , that is a golden rule not to invest , trade yes , invest NO lol Anyway back to FAST am averaged at 3p and will post my chart view tomorrow , I see a 5/5.5p level in the near future but will add the detail to support it technically . Have a good night onedb1
OLADAPO OGUN
15 Apr 2015
Re: Brent $60..... I guess we should say sorry to all those chaps who jumped and stayed for the long term based on the Horse hill story that has now been clarified!
OLADAPO OGUN
15 Apr 2015
Re: Brent $60..... onedb1,I consider you as a very knowledgeable guy in this game and I have read stuff written by you regarding the donkey hill prospect(oops sorry, I meant Horse hill)! I am of the same opinion as you regarding it , MAKE NO MISTAKE ABOUT THAT. It seems the guys over at ukog recently issued a clarification based on the link below:[link] have followed fast from day one and I'd say if they had been around say 2years before they came on board , it would be a different story now based on the successes I believe they could have had. maybe it would have been another kinda cove story. That Paul Griffith guy is very knowledgeable in his field and hearing him talk oil and gas for free at oil barrel, Shares and at the Proactive investors forum is something I would live to remember positively for the rest of my life, shame he left.I believe however from hereon, if the price of oil continues to go higher , the blocks held by this company would make Ireland a great offshore haven for oil and gas, that Molly malone prospect could do quite a lot for the Irish economy if it comes good! The fall in rig rates etc would make fast a compelling case in the near future.
onedb1
15 Apr 2015
Re: Brent $60..... OG , Oh if you read my posts on UKOG you'll notice I said the same things in detail too . I am fully aware of Lenigas and his publicity stunts . Not to mention his past . lol I was just using the parallel to show the parallel between an over hyped firm i.e. UKOG vs FAST , which has cash and assets that have already attracted major interest . Yet that firm has a market cap of £35m and was twice that on the spike . A multiple of FAST So maybe I worded my post wrongly or it was read in the wrong way ) My full response re UKOG is on the FRR bb , titled OT Andy . ( As I was asked for a comment ) Fast has a market cap that in my view is not considering the potential of its farm outs , extension of licences , cash at bank , and thanks to the rise in Brent , the appetite of the majors that may wish to buy the Celtic Sea asset out , as the data has clearly attracted them already . Interest was tangible, only the Brent fall in price dented our hopes. Its all down to the majors budgets and 2015/2016 strategies . At this moment in time they may well be interested in taking over Celtic Sea as we have seen from the giant Shell /BG , firms will want to replenish their reserves . So the more we go into a stable and possibly rising Brent market the more likely we will close into a farm out ,hopefully with a carry too .As I type Brent 60,6-7 just finished a great mini rally . Even WTI moved up to $55
