Member Info for 34quintadolago

0.38 google... Could by fibbing though lol

Yes Angus but show us your sell later

Once we get the extention the larger investors will be here like rats up drainpipes

The part of great importance is the last paragraph......

Completion of the definitive agreements outlined above is subject to the grant of such an extension and other customary completion conditions.

An amended Shareholders Agreement, the highlights of which as follows:

o Essar Mauritius to carry ShoreCan for a 10% carried interest (capped at US$5 million net) on all costs relating to the drilling of the first Well to be drilled under the terms of the OPL 226 PSC

o ShoreCan will have the option to increase its shareholding in Essar Nigeria from 10% to 30% by paying 20% of historic expenditures of Essar Nigeria at cost through the drilling of the first well. The option is exercisable within 90 days from the completion of the first well as defined in the final well plan as approved by concessionaire (NNPC) and regulator (DPR) under Phase 1 of the OPL 226 Production Sharing Contract (PSC)

o The Essar Nigeria Board of Directors and management team to be restructured commensurate with its amended share structure to reflect the increased shareholding of Essar Mauritius

· A Loan Agreement with Essar Nigeria whereby Essar Nigeria recognizes historic expenditures by ShoreCan on behalf of Essar Nigeria as a shareholder loan, thus allowing ShoreCan to recover these expenditures, cost recoverable and non-cost recoverable, from future production revenue



Essar Nigeria, with the full support of its shareholders, has applied to the concessionaire and the regulator for an extension of the exploration period under the OPL 226 PSC beyond the current term ending September 30, 2020. Completion of the definitive agreements outlined above is subject to the grant of such an extension and other customary completion conditions.

LB28 Within the RNS it stated that upon the granting of the extention all agreements can the be signed..... That is the only hurdle to jump

It's Friday its 08.45.... It's parasite time

Jogg on fella

Google I don't lie like some.....

Going up 0.38

Depends on your average really?
0.29 and you struggle. See what you mean though

30% drop in 6 days isn't a drift Down and no I'm not selling any but it's bloody frustrating.

This is what I'm hoping /expecting very soon.
1.Rns announcing Extention
2.2nd RNS Ratifying that all agreements are now signed
3.3rd RNS announcing probable drill dates.
Problem is we don't have a deadline to work to so the share price can't build to an announcement as we don't know when first one is agreed.

Sorry 0.35 bid is a big bag of spanners and it's not to do with patience there needs to be a reason to drop from over 0.55

Ffs. 0.36 what was prediction 0.4 to 0.5 imminent.
There's o lyso many times I can hear good to top up

0.41 finish I'll take that. Boing

Yes not my greatest virtue.
SP shot up at last gasp quelle surprise lol

Well if there's no bounce before close it's been pxss poor today.

The issue being will it continue to be a traded share upon the extention news and rerate back, or will it finally establish itself

Anyone noticed all the sells are lower than the buys?
That's not good business and certainly it doesn't seem like panic selling.
One would expect the day traders to be selling at 0.41/2 not 0.40