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So why give different answers when I’m sure it doesn’t state S5 is funded in the Rns? Just causes confusion
Slightly depends on what happens in 120 days another placing at 0.10 or lower Etx needs to be fed again. It's bone life they have. As per my last mesages regarding totalling $1.7 million approx we blew that away only drilled s3 in 7 months and nothing else. It shows you that its clearly a lifestyle company for both of them keeping it float for a onother couple years. Aus they have been bluffing about the aboriginals lands access for over a year or more... Again its just a drag on to keep them a float. They have not proved anything and happy to be proved wrong. But this is the ****e I see it as now. Totally no respect for long term shareholders.
Hi adrianuk
Always be careful about posting your personal information or information pertaining to responses from a bod to yourself into a public forum you don’t need to prove yourself if you know you are right in what you post it is an opinion as others will put across there’s.
Have read a lot this week and posted little, just waiting to see what happens this week with Stanley-4 .
Gla
I refer you to the rns released last week.
John W Barr
Executive Chairman
Mosman Oil and Gas Ltd
-------- Original message --------
From: mark smith
Date: 20/2/20 2:54 am (GMT+07:00)
To: John W Barr
Subject: Stanley 5
Hi John
Andy Carrolls latest interview mentioned Stanley 4 was already funded but the interviewer failed to ask if Stanley 5 was fully funded. Could you confirm ever way if it is or not please.
Thank you
Long Term Shareholder
M Smith
RE: Stanley 5
JB
John W Barr
Wed 19/02/2020 15:26
Inbox
To:
Adrian Murphy (adrianmurphy1975@hotmail.com);
Adrian
It is funded.
Slightly depends on what happens in the next 120 days
John W Barr
Executive Chairman
Mosman Oil and Gas Ltd
-------- Original message --------
From: Adrian Murphy
Date: 19/2/20 10:22 pm (GMT+07:00)
To: John W Barr
Subject: Stanley 5
Hello John,
Is the Stanley 5 drill funded for Q2? Andy didn't mention it in his recent interview. Thanks a lot.
Adrian
Adrian you said JB told you S5 was funded yet everyone else to refer to Rns. Your not been honest
I like your optimism and your thinking s4 is your way out of getting out of msmn. Mate we have got the Aus license nothing happened, we drilled s3 nothing happened, we even got a potential JV for Aus and nothing happened here at all. Its the BoD there attitude needs to change no one is confident in the BoD. They have been talking about strategy after strategy and yet it doesn't seem to work as we get placing after placing after placing. At this rate we may even need another paving towards the end of March 300k will be gone like this!!
I'm not chuffed about the placing but need to look forward now. Drilling S4 in coming week. Only upside from here.
eddyates, I3 energy went from 60p + to 8p after two failed drills yet market cap remains at 10m and the company have no revenue. AIM is corrupt on all levels.
We’re undervalued to someone who bought in at 0.15 looking to ramp it and get out at 0.18 for 20% profit - those of us long suffering LTH’s know price is what you pay, value is what you get.
At present the value is dictated by the actions of the BoD. Who would invest in a company who drops placements out of the blue for a fraction of the preceding SP only to self congratulate in subsequent media?
https://www.lse.co.uk/rns/I3E/serenity-oil-discovery-and-corporate-update-g7hy4qzi7cptk6y.html
1.31m market cap. Most undervalued share on Aim. How many oil companies have a 10m market cap and never find oil like I3 Energy?
We are very undervalued with a ridiculously low market cap.
In my opinion to cancel presentation , and meet funding c/o while here says it all , still no reason for cancellation !! poor show.
So shocked funding required but even worse we are only valued at .0148 in raise !!!
Dyor
13253 * 50 which is low price I'm giving them = $662,650 or at $60 = 795,180 plus £750 *1.3 = $975,000 plus min revenue $1,637,650 plus $75k strawn. $1.7 million plus can't remember Gem. I find it hard to belive they have blown this money. Only been to one conference in China and that was a representative. Plus £300k now which is $455k total $2.145 million clearly something is not right and this placing was not required. Only one Stanley 3 drilled which is part of the 13% increase. Its all to do with ETX Capital coming on board and no reason what so ever. Greed *******s. JB does read these boards and had replied to My emails before.. The strategy is clearly not working look at the sp. Elon musk built up tesla he gets no wages or bonuses. Should be something similar here based on share price performance. We do not seem to be near corporate profitability. Strategy has failed cannot even get 100 bopd over the last 4 years. Stanley 4 is punt in a zone only they had to re-"work s1, s2 to get to the right zones. There is no garuntee that s4 will deliver. S3 was the drill for corporate profitability not even close. Even s4 will not take us there. So it worth traders even taking a punt as the price will no doubt go lower than 0.15..at 0.3 it went to 0.21 now maybe even lower. To 0.10 as people grasp the news and traders cut there losses and move on. There playing with pennies so it does not bother them what price they sell. You win some and you lose some for traders.
Fully agree spray hence no need to buy in this share until the strategy is reflected. Our sp does not reflect the company anyway.. So why would an investor put a trade in for only Etx capital investors to come out... There all greedy c u nnts. Check my post on the calculations and from my understanding we did not require a placing at all
.this was all due to helping back hand-"shakes with there mates in the city.
It’s a simple case of take your eye off the ball and it costs millions , our money inc , leases are like companies you have to manage day to day and just think myself Arkoma etc needed day to day managing !
But l am not in the oil business, lesson learnt !
Dyor
That’s JB’s stock reply - ‘all information is in the RNS’ - implying there is information you as a shareholder is missing and all will be clear if you simply read the ambiguous hyperbole laid down in yet another limp RNS. Or that there are nuances and clues to impending success that you have overlooked, somewhere between the words ‘we are very excited’, ‘promising’ and ‘placing’
Then AC provides a media update of the same ilk, skimming over the shocking placement and current SP with more predictions of a prosperous future for the company
Smoke and mirrors
EP145 in my mind by what l have been told via RNS is a game changer and that is what changes share prices when results are good !
In my mind it costs us too much to tick over, rather than going into exploration with third party , where has all the money over 5 yrs gone to get us to .0148
Dyor
Spary, market sentiment is low, hence we didn't get a flow of buyers on 81% increase. Maybe a placing was expected? Somehow we did get to 0.55 and seemed to be looking good until the placing at 0.30. It's a shame Champion wasn't drilled last year as planned. Board will be keen to drill as many wells as possible this year. Becoming cash positive is the priority.
Reply
Adrian
It is funded.
Slightly depends on what happens in the next 120 days
When I emailed and asked him if S5 was funded he told me just to read the Rns. If it was funded why didn’t he just say?
Also agree , but very bad manners to not return emails , especially investors even a received notification , no wonder everyone is guessing !
By the way investors expectations are based on production RNS and BOD choosing an investment each of which has either a glowing RNS or otherwise .
Failure in any investments are not the blame of the investor !! And we are entitled to ask questions on them ok .
Dyor
My opinion
I agree, investors had too high expectations. There was talk of us being 2p. To be fair, John did reply quickly to my message, when I asked if the drilling of S5 was paid for which it is. With regards to the two farm-outs planned for Q2, not overly confident so will be a nice surprise if it happens along with new leases. Good news S4 to be drilled next week. Good luck everyone.
You could have wrote post for me !
Your point on investor relations is important and to not reply to emails is just plain wrong which l also have experienced , if you choose not to reply to a communication it would be polite to at least acknowledge it example would be emailing your bank which has your money and getting no reply !
Plain discourteous.
Things change we will see if it’s for the better for us shareholders !
If share holders are disgruntled there is a reason ! They are not paid and lost money big time and the share price is just plain underperforming for a long time now ! Then to top that everyone else gets rewarded cheap shares on our invested funds !
No doubt EP145 will be a success at some time in the future , funds are crucial to its Success theres the question mark for me !!
As l said last night l think negative till proven positive , my past losses are proof for me .
LOL
Dyor