Member Info for 0308966

I agree philpot its the underlying numbers that matter most. However if the past year is anything to go by SO will likely provide limited info and no more than he needs to legally- its that what I find troubling and cant get my head around his change in attitutde to the market and PIs. More than likely its because he doesnt 'need' us anymore but what is the motive behind this? Can he just not be bothered anymore? If thats the case he should jog on- although im sure this isnt the reason- would Dr Jonny Hon make a nice replacement? Thats the method iv been thinking of getting the chinese on board! Someone recently spoke to him here didnt they? Was he cheesed of they contacted him? Might see in the future if he wants a CEO job in an oiler (no names in what company!)

Philpott i think asking for SO to go from the outset is probably a step too far at this stage- we need to be careful how we approach tgis as dont want to put potential investors off- we need to engage with SO and the BODs and need a 'decent' grouped holding to be taken seriously (my views). Another share I am in (BMN) one of the LTH has created a website for discussions and also verification of holdings- unfortunately I dont have time or the expertise for that with current commitments. I personally think that we start a google/yahoo group to start with if theres enough interest and we can take it from there? Lets see what other holders think (if theres more than a handful of us left!) I could accept the sp down here had SO been engaging with the market and keeping shareholders (PIs) informed (the chinese have there own man on the board they without a doubt are kept in the loop and its encouraging they havent jumped ship). However what is really cheesing me off is the radio silence from the company. Time to call Stefan and let him know my views- anyone spoke to him recently?

Apologies its 5% or over to call an EGM nit 3% as i stated earlier

Firstly the drop today is nothing short of the MMs fishing for shares- both trades at midpoint to the bid/ask at the time were buys. However that doesnt change the attitude of the bod here- I genuinely believe this will reward those holding an average sub 1.5-2p but why on earth is SO on a sponsored silence whilst the sp is getting hammered on small PI sells? Its not like he doesn't have positive news to RNS- I.e. earnings from AJE! Our chinese investors are holding and have an average alot higher than the current sp and they have there man in mr carter on the BODs- they seem happy to hold and in the case of our biggest holder actually buy more as seen in the most recent premium placing. I eagerly await the AGM and should this so called CEO and his BODs not change their relationship with us PIs il be letting them know what I think. Think it might be time to create a PI group where collectively our holdings can assert more influence? Anyone interested? Will just need to validate your holdings at some stage (if ever!) should we need to demonstrate to the BODs that we hold as much as we claim to. Wont need to register shares in a group as someone in another bb once thought when a similar idea was floated by another poster. If enough interest my holdings of 6 million shares (0.34% of shares in issue only) can start us off- once we are over 3% we can call EGMs and put matters onto AGM (with some difficulty I must add) Or do we all just forget about mxo for now and come back post CPR as we know the gas reserves are humoungous and from chatter the Oil reserves are also larger than previously thought although not confirmed yet i was advised from a reliable source that the oil is flowing better than anticipated following afew shut downs/limitations on oil flow to the front puffin FPSO due to work on AJE 5. Finally as Panoro stated 'continuous efforts to reduce costs at Aje have already resulted in a material decrease in the overall operational expenditures' so our profit frim AJE should be getting larger. Anyone even know if Stefans still alive and kicking?! I reckon he wouldnt be if some PIs got a hold of him! Maybe time for a top up soon if the sp lingers here or even god forbids drops further. it seems production costs have

Hope all LTHs are well here. See not much has changed with Mr Pajak still playing cluedo with PIs rather than laying it on a plate for them to see the rewards. Was moving house late last year and had to cough up a shortfall so unfortunately had to sell my CRV shares. Still genuinely believe this will come good but the question is when... ATB chaps, if finances allow I will certainly be back in.

I glanced over it last weekened and was meant to read it again but in all honesty forgot! A task for the weekend I reckon as got family over right now.

Do u mean the ine from the feb on mxo's website?

Philpot dont think iv seen the powerpoint- do you have a link?

Philpot from what iv been told by a trustable source who has no financial interest in mxo but is in the industry is that aje 5 is producing 'way more' than the consortium thought it would- as I stated at the time I have no idea if this is correct but from what Panei posted the other day it looks like it is- the question is what is the rate after the sidetrack to fix the mechanical with AJE. Those figures you mention are pre fix arent they?

Morning Bermondsey- hopefully the ducks are lining up eventually for those of us that have sat theough this depressing time to be a holder in mxo due to the lack of news. New age compare AJE to the Jubilee and Tweneboa discoveries offshore Ghana whereas Panoro compare it to Jubillee and Sankofa fields in Ghana.... Jubillee produces at 89,000 bopd and Sankofa at 45,000 bopd, Tweneboa (TEN) produces at 50,000bopd- question is what is AJE producing at? Last figures we had were prior to AJE 5 sidetrack which was some time ago now and im amazed mxo or panoro havent released updated figures (as the 2 plc's on the consortium)- panoro were previously excluded from the consortium (all resolved now) but mxo have no excuse whatsoever.

Chaps go on the link in the previous post, scroll to 'NewAge in Nigeria'- look at the other prospective sites in the oml 113 license (AJE licence area). Lead A sticks a wowser out to me but 'shiny nose' is also looking a good sized field. Wasnt there talk of a new 3d siesmic about 2.5-3 years ago? Was about 6-9 months after i invested here.... i dony know if what new age show is the result of this new 3d siesmic study. Getting interesting.

Not only do I await the CPR i want to know what deal AJE partners have struck with opl 310 as the huge ogo field extends into AJE almost by the size of AJE itself! Map can be seen here. http://www.newafricanglobalenergy.com/operations/nigeria/

Panei you are spot on regarding the %age figures- its clear as you can get on Panoros presentation. What a shame as a mxo holder iv got more info from panoro re AJE than I have from MXO. Seen this too many times before that when PIs arent needed anymore the BOD seem to forget we exist. Although not ideal its usually a good sign esoecially when you add in a revenue generating asset like AJE and its potential. Atb

Panei im happy to be corrected as i stated previously i am invested in mxo and not panoro- from the info i came across that was what i found. When time permits il check it out once again. Also apologies for the nature of my posts as a member of LSE for sometime but very few posts which are all on MXO. I presumed you were another of the lowlife that occasionally pop up on these bbs. Your explanation of AJE 5 producing at a better rate than was previously 'calculated' ties in well with me being informed it is performing better than previously disclosed to the market. Im sure all LTH eagerly await the CPR. Dont mind me asking if your invested here? Atb with your investments.

Tooold our time will come my friend- we have a producing asset which distinguishes us from the majority of the PoS u see people talking up on AIM. Next AGM SO will face the music if he doesnt sort his act out. Yes he might have the backing of the chinese - who are sitting in a loss also- if he does still have there backing I can assure you they know simething we PIs dont as they are millions down. We just need to hold tight until news flow starts again.

Odd that Panei's post where he stated that Panoro have 16.25% of AJE (but failed to mention this is the paying interest) has been removed. Some strange ongoings here as I did not report it - However why have they left the other posts which now makes me seem to have lost the plot in challenging a post that doesnt exist anymore! It was between my posts of 21:37 and 00.:29 that he/she posted incorrect/misleading info.

5.0006% revenue interest, 6.675% contributing interest to be exact. Until another day- Adios amigos!

Final correction/clarification in what is nothing short of a factually incorrect/misleading post is that Panoro have a 16.25% paying interest in AJE but only a 6.5% working interest. For mxo this is 5% for both from what iv read however Jacka had a 6.7% paying interest - whose share of AJE we took over - so all my calculations call it 6.7% until i get told otherwise. Doesnt take Einstein to see who has a more lucrative deal.

Interestingly Panoro compare the AJE field to the Jubillee and Sankofa fields in Ghana.... Jubillee produces at 89,000 bopd and Sankofa at 45,000 bopd. Il take that anyday. Certainly no mention of Panoro stating that AJE needs to much a capital exposure- id be careful posting incorrect info or even hearsay info as fact.

Sorry i know i said i would leave it at that but there is no mention in the corporate presentation regarding Panoro seeing AJE as 'too big a capital exposure'. They may aswell have told the worlds e&p companies come and take AJE of us on the cheap if they did. Dont mind me asking why since joining in 2017 you have only ever posted on mxo?! Seems abit odd if you dont mind me saying and im sure others will make of this in a negative mannner as this is what I see when someone has multiple IDs however i maybe wrong ;-)