Rocketing this morning on a superb upgrade !...

What about DOR?...... they have 10% as well

The most under valued HH developer of the lot!!!

A lot of chatter on the web about an impending RNS, don't think Mr Lenigas is a happy man this weekend!

why mike, apart from the fact that lenigas would seem to be a flake of the first order?
is he being outed for yet another scam or shady deal or whatever?

Never mind Mr Lenigas being unhappy , will the shareholders be unhappy ?

re - share holders unhappy

not today tough no news yet, share price does the taking ..............

3.275p +0.325p

on the way up again and on large volume 82M shares traded on 1.30 hours since opening

Rising nicely...with an oil resource update : might go to 4p or a little more.....(just a guess)...

Cynic; You are right, not top of the popularity list but does have a lot of speculators following his many companies!

but why should he be unhappy - unless he has been struck off from holding directorships or similar?

Think its because some are questioning his integrity, allegedly.

now i wonder why that would be :-)

Well......there will be a flow test later this year....should be interesting...loads of trades at the mo....

A very bland RNS on this on this one but does help to argue that the Telegraph assumptions might have been wrong this time. James Quinn was a journo here on Shares for many years and is a good guy.

Sorry but could you be more specific ?

The RNS simply reieterated what has been said before about licenses over the past year, so no new news. Company seems to be worried about its PR and their RNS's not being misineterpreted by the national press.

James Quinn from Telegraph seems to have written a piece that displeased David Lenigas!

so we are still awaiting confirmation of oil in ground (update)......and also appraisal dates....

Indeed. Reminds me of Falklands oil speculation

Spangel summary today:
"In light of the news that PEDL137 is in process of being renewed, it seems a little odd that the Horse Hill prospectivity has been hyped and deflated the way it has – it has created a headwind for the operator in the negotiation of the terms of the obligation work programme in return for the extension.

Still, we don’t believe that the licence will be rescinded, or not extended, but the demands will be onerous on the group to fulfil, and given the planning headwinds, we don’t see a year being enough time.

We have noted that some commentators have also poured cold water on the potential of development of the shales in south England, to which we will remind them of Wytch Farm, which from a relatively modest pad, has been drilling out the Purbeck in Dorset for over 40 years, latterly using coiled tube drilling. We are not saying for one instance that this will be the solution here, but before anything is ruled in, or out, a better understanding of just what is possible might be required.

There is little doubt that Horse Hill is creating a lot of interest, and will continue to do so. The work programme that may result from DECC playing hardball wouldn’t just be good for the prospectivity PEDL137, but for the viability of the whole oil shale play in the Weald basin. Interesting times ahead."

Nice one Harrycat.....interesting....so there is a possibility...I say possibility that this horsehill could turn into a decent or even very decent production platform of some kind....long way to go yet but to me this is worth a decent punt....

Crude rising rapidly......can only be good for this small company....

Is that the final point?
reaching 50MA soon!