Member Info for affrm

ATrades your aiming too low. It will be more likely 8p ish

I cant believe we have another two/three weeks of vote malarkey on here moaning about yes or no voters and squabbling.

The mm's will not just price it at 2.2 only because the cln for part payment of funds imo.

They will look at the whole picture! What assets do they have? What operating assets do they have and look at numbers, look at potential and future prospects, they'll love the £5m debt written off and they will love anything oil and gas well related especially producing operating wells.

They will look at all the raises during suspension (of which 12p was paid, 33% uplift to the suspension price)!

I think we should be priced pretty decent should the wells come into production again plus new assets! Imo.

Patience required. We should get news on Texas soon. The well cleanup and start of operation could happen within a number of weeks max imo.

Perhaps we may even hear of further impairments that have been reversed. Bring it on, the more you he merrier we need as many operating assets as possible.

bob you ******* ****** !

what worst state ever. you imbecile.

Ah ok that's fair enough. Thank you for clarifying. Well that's not too bad

So ok any USA profits are pretty much 50/50

Well the USA should be very lucrative IMO. I think we will get more news on Texas / USA soon within April as Mavriky is over there 🙏🏼📈👍🏼

Zag I think the JV is for any operational activities is how I read it. Or does it specifically say the JV is only for USA?

*Fought like dogs*

I like to read all comments and digesting before commenting. I know it's been said a lot of times but fact remains that all of these people are fighting for a piece of ppp and $5million of debt was written off for 49% of the profits so in simple terms, they must all be thinking that $5m profits/revenue will easily be surpassed otherwise PQ would have never have written the debt off. Also all of the people who thought what dogs here would have walked away months ago so there must be something worth fighting for. That is not (fully) in the public domain yet but I think it will be soon wait for the prospectus that should be out soon.

Without checking which well but a couple of wells flowed really well, then one had equipment malfunction I believe. I think a couple of wells never got round to being worked on DJM

Maybe lack of funding? Maybe timing with the death of Anton? I'm not sure.

I want to see more assets within the USA coming on board as USA is pro oil and gas drilling and especially right now.

Within those 2036 acres there were around 30 x high prospect wells and four were very high priority.

Let's hope these are what are coming!

I have had to endure a lot of stick from a lot of people these past 18 months on here and some on telegram too but I will say this one thing this evening only.

The fact remains that RMD, Lunn, Tom Evans, Tarkanyi, Petroquest have fought so hard (like dogs) for a piece of the pie it is almost too obvious that whatever it is they know about is ABSOLUTELY WORTH FIGHTING FOR.

Look I don't care about stick I get but I'll say this, if dilution ends up being 200m - 250m total shares well joining the main market as an oil and gas operator and producer should send this a lot higher than these 2.2p, 4p, 6p estimates. They won't just price the company based on a cln and they certainly won't base it on JW's 2023 owed shares!!! They will look at debt free from PQ (£5m debt gone!!!!) then they'll look at the assets and the oil and gas and the profits and the revenue etc.

Like I said last night a few of us worked out in July 2024 how much one oil well was worth to PPP and it was around £10m per oil well (approx), oil and gas prices are 60-70% more now.

I know dilution is not nice but guys we cannot overlook that if they get a few good assets under their belts and get into production in 2026 then we will or should do very well.

I think that Texas will be either all or mostly impairment reversed and that is huge for us. Let alone any other assets they bring to the table.

I'm trying to look at this logically rather than emotionally and not side with either yes votes or no votes.

All I'll say is whatever JW saw to make him invest at 33% above suspended price is good enough for me - 12p may I add should mm's be reading this!

If all these guys are fighting for shares, fighting for the business and writing £5m debt off then something is worth FAR MORE THAN £5M !!!

IMO!

Have a good evening all

Yep I understand that ASI so in other terms then how about if they bring on assets then surely the mcap will be calculated accordingly?

Back in 2024 we worked out one well was worth around £10m per oil well to ppp.

What happens in today's market as its 60% HIGHER than in 2024 so £16m per oil well?

I am not saying the CLN's aren't horrible but im trying to work out how much our assets would be worth... if you see what im saying?

We bring on a few oil producing wells and we could be laughing, particularly in this market. Or am I the only one seeing this?

Hmmm so the good rns tonight has been overlooked and everyone is just speaking of the agm resoloutions?

At least one asset will be coming back online right? Can nobody see how important that is?

We could (we will ) end up with multiple oil and gas wells producing and selling oil! Can nobody see how that will boost the share price and push the company forward?

So now lets talk about the dilution. Hmmm not great as its 50% dilution give or take. So let's put it into perspective we would have 200million shares in issue (approx) joining the main market

200 million shares isn't a lot really guys and it can allow big growth in the share price. I know everyone is zoning in on 2.2p CLNs but there's more to the picture surely? Also the headroom shares say they can raise 'upto' an allot amount which doesn't mean they'll max it out.

2.2p will not be the floor. The assets and producing oil and prospectus will be better to calculate the sp but it will be higher

There's no way.

Everyone still isn't talking about 4p clns

6p raises

12p raise

All has to be accounted for.

The market usually price in oil and gas and for us will be no different. I am sure what Jesse white invested in at 12p was for a good reason and think we are starting to see some of this (with texas and usa)

Yes it'll be volatile but this could spike and go on a run imo. Oil and gas NOW IN THIS MARKET BEING A PRODUCER AND OPERATOR WITH WORKING WELLS IS WORTH A LOT OF MONEY AND SP WILL BE BOOSTED.

Remember circa 200m shares on the main market for an oil and gasncompany isn't much guys

We do need to keep things into perspective. It could rise substantially.

Mattk6 can berate all he likes but he's a mug. At the end of the day dilution isn't good or nice however ppp is far from over and we can still make good money here if they bring on a lot of assets that are producing wells!

Anyway what more is there to say? Guess we have to see how it goes now but yeah some good and some bad out of tonight's info.

I just hope JW 2.2p shares raises in 2023!!!??? Are nothing to do with this CLN price?

fantastic news. we are about to become a producer and operator of oil and gas. ******* brilliant.

bring it on. well deserved too. bring on at least one well!!!!

bring on the usa

That's fair enough DSAF. I would be sure that the reasons why Jesse was so confident will hopefully come to fruition and hopefully they weren't picked up by GV on the cheap?......

Main market listing needs 30m mcap, a company which is debt free and has hopefully a lot of oil and gas assets coming on board and into production will be worth far more than 4p. Surely a floor of 15p should be expected. Not many have a billionaire backer.

DSAF I don't know who you are but why was I removed from telegram? Do you have any knowledge of why?

I don't think I did or said anything wrong? I am intrigued to know that's all.

Anyway positive vibes are better than negative and nobody can deny that at the moment the RNS recently have been very positive. The market makers need a wake up call if they can not see a debt free company with just 116m? Shares, lots of oil and gas assets coming on board with a billionaire backer. They cannot see negative in that. Plus 50% profits

That could be huge. I feel like I'm the only one here that can see this?

Remember I voted no but what's in black and white is all I look at and that's positive.

Anyway we do need maximum impact when back so better the assets and better the news is what we want.

There's one thing to remember we are debt free.

That's huge as well and must not be overlooked imo. They must be certain of big gains for them to A) wipe out all debt and also then rmd must be Uber confident that profits will be substantial and the assets they have locked down and in negotiations must be good.

*2 raises at 6p

Thing is DSAF if the CLNs were at 4p and Jesse raised at 12p and we had two raises at 4p there's no way they can disregard the raises above the 4p because all this happened during suspension. Really it should be worked out an average which is approx 7.5p

Plus we should have assets and bringing wells into production and surely this will help boost the share price further particularly when oil is $95 a barrell today!

I also have to admit 50% profits are better than 10-12% that's big particularly mid to long term. Don't get me wrong I have some concerns but on paper in black and white it's looking better than it has done previously.

I felt let down when Tom up and left DSAF and I was a big Tom fan. I think I just want to draw a line in the sand now and move forward. I believe this could still do us all proud and we don't want any negativity to thwart our advancement.

I still believe it they pullthis off particularly with USA and Canada oil and gas and anything else is a bonus then we could be making a lot of money here (ppp and in turn RMD / shareholders) hopefully they get don't dilute everyone badly and hopefully they can do a raise much higher and delay such raises until 20p plus

A lot of messages that get through but JW has his shares now so a TR1 can be in the next few days so that's no Biggie.

How about the 12p raise? Those shares aren't owed to him and that's all been sorted already apparently according to DSAF.

So 12p is nailed on and confirrmed is nobody happy about it? That's serious confidence there imo.

I can only assume that operational updates will be announced soon. The next meeting is not too far away and I'd like to think a banging prospectus and good operational news will be announced similar time and then relist?