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Totally agree with the majority of posters regarding PPP.

This company is now set up to succeed with the transformational deal that has been signed with Globalvision. 30 years of 12.5% gross revenue on current profuction wells (to be worked over) & 10% profit share of any new wells that are drilled at no capital expense to PPP!!! 💰 🐄 written all over it.

As for the Lithium JV, this really could be the 🍒 bigger than the 🍰. If you’ve done your research you’ll know how big the world need for Lithium is. Tom now able to fully focus on the Lithium JV (as the oil is taken care of) as he knows the potential with the size of the acreage we have to exploit.

If Carlsberg did companies!!!

Interesting ‘tweet’ today (if they’re still called that?!?).

https://x.com/petroleumglobal/status/1823238058025619846?s=46

So the last placing was on the 30th November for £253k with the further interest free loan of $270k from a major shareholder.

So, of course, a further raise is possible if the interest free loan date is not extended.

With the RNS today of ‘early commercial duscussions’ with an interested Farm In Partner, as a major share holder I know what I would do while these negotiations are ongoing!

Also, if you read through various RNS’s regarding Director remuneration, this company is not being run as a typical AIM lifestyle company, which is certainly refreshing! A significant part of the Directors 2023 remuneration was waived, which as a shareholder, is a very positive sign in my opinion. The Directors see shareholder value as a top priority & obviously they will benefit from any positive news regarding the potential Farm In, a lot of big O&G companies looking at Namibia with a Government very willing to work with Partners to get their O&G industry up & running. I think the next few months could be transformative for GBP, as clearly stated in todays RNS. Good luck all LTH’s & new ‘true’ investors excited by todays news.

Agreed LVM, we could well see a strong afternoon, interest certainly seems to be increasing in GBP with that RNS. The question being how long will the due diligence take, if news drops of a deal in the next 4-6 weeks hold on to your golden tickets!!!

Looks very interesting - DYOR!!!

https://oilprice.com/Energy/Crude-Oil/Namibia-Is-Gearing-Up-for-a-Major-Oil-Boom.amp.html

Really Laura2022!!! As per the RNS exact wording 'The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 01/08/2024 07:30 at the request of the company: The FCA did not 'step in', you seem to have intentionally missed the rather important last few words which are 'at the request of the company'. Maybe YOU mislaid your reading glasses this morning (on purpose?).

Never one to deramp other shares, but with a certain other share having a bad start I can see a number of investors running back to PPP. No doubt begging for forgiveness for their 'bit on the side' that didn't work out!!!

Morning all, I suggest all genuine investors join the Telegram Group just set up for some interesting discussions. No trolls allowed but constructive negative opinions (with back up!) more than welcome!

Maybe if you read the PPP RNS on the 11th December 2023 you would note that there is no need for us PPP diamond hand holders to move to UKOG. We will benefit from any success that they have under the farmin agreement! Not such 'Fantastical' research eh!!!

Lol!!!! Thanks for that, it made my Friday almost as much as my PPP share holding. Our plums are definitely ripe to take to the oil market in Texas!!! Enjoy the last hour & it's going to be a long weekend waiting for 8:00 Monday!!!

Lenigas is simply referring to the upcoming changes per below.

It is proposed that the current dual segment model employed by LSE which is comprised of the "Standard" and the "Premium" listing segments, will be abandoned in favour of a single listing category for equity shares in commercial companies (the "ESCC"). There will also be a number of separate categories for companies other than traditional commercial companies, for example, SPACs, closed-ended investment funds, and international companies incorporated outside of the EU with a primary listing somewhere other than in the UK (the "International Secondary Listings Category"), though it is expected that the vast majority of companies will transition to the ESCC category.

Someone mentioned a planned interview with DL, is anyone aware if this is true & is this planned for a specific time today? I think most of us are aware of DL's history so are always cautious investing in a company he is involved in. However, he has also been behind many significant share rises in company's so if he makes me good money here I don't really care! Getting an interview out there today would certainly keep the momentum going, especially if it includes any estimated figures on what production they are targeting on the 4 wells they are initially focusing on.

I've been caught out too many times by rises like this, then all of the trolling & end up panic selling! Unfortunately, we've probably all learnt the hard way as you can't buy experience. When an RNS like this drops the MM's will play all of the games in their book to drop the price & collect stop losses etc. (they can see them!). Now I'm wise to the fact (I certainly don't get it right all of the time!) I have just sat on my hands today & watched it play out. The RNS is a stonker & oil will be flowing again imminently, these are work overs so no large drilling costs as a few posters have tried to infer! Any work on additional wells (to the current 4) is covered by the agreement so no additional cost to PPP. As many other helpful posters have said, just look at the MCAP & the 12.5% gross revenue share for 30 years & make your own mind up. Good luck all genuine investors, I think it's going to be a bumpy ride but the destination is upwards!

I bought into this having seen someone mention it on another chat board as it seemed an incredible RNS considering the MCAP! In other words, I did the cardinal sin of buying a share on no research, just quickly skimming through the RNS. However, I have now completed some research as the main thing being spouted here is that it's 12.5% of hardly anything. I would suggest that everyone has a quick play of the video on the company's X account that was posted on 04/12/2023 (also see the RNS on that day) regarding production at the Chalk Talk #1H well. So, for the month of November, the well produced 4,827 barrels of oil (do the maths on 12.5% @ $80 a barrel over a years production!). From the RNS this afternoon, they have an additional 3 production wells (not sure of the most recent production figures on those wells) so this seems a little bit more than what certain posters are saying. Let's see how this plays out tomorrow & over the coming weeks as this still seems incredibly undervalued. Good luck to all honest holders that are here to hopefully do very well & also like to see other investors do well!

Try not to worry about the SP, we all saw some very large trades (one for c£400k I think) last week so in my opinion there is a lot going on in the background. Patience is all that's required as per usual!

Yep, been burnt using them before, never again, the MM's can see them unless you specifically tick a box on your share account when you set them up. They obviously had a big order put in around the 3p mark so dropped it to trigger the stop losses they could see. How it's legal I don't know but the old excuse is that they are the 'Market Makers' & they seem to be able to do what they want! I remember the day they dropped Rockhopper (c50% from memory!) in a few minutes & then it was back up to where it had been within 15/20 minutes - horrible!!!

Looks like they'll be heading for a new record as almost 650,000 traded in the first 50 minutes! I think HFB said the record post the 100-1 share consolidation was c1.3m trades. Sounds like games being played so it will be interesting to see how it plays out up until their close at 21:00 UK time.

39.99!!!

I think it's going to go soon though & hopefully strong volume in both USA & Canada will underpin the 40's & then push on. With what we've discovered under Wyoming value will out, patience all!!!

It will be interesting to see what happens on the OTC today with their day off yesterday. Hopefully they'll be following their neighbours & piling in!!!

Typical, it broke it while I was typing my last post, keep it up Canada!!!