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Jolly … at least we are aligned here.

Come on Haggis and Jolly, reel him in.

Jolly … can we both agree that everything is just agreed but NOT approved.

Signatures in short order, imminent, etc. where have I heard that before?

BC 2504…. The HE1 drill doesn’t go deep enough

Are you guys reading the same RNS? Still Jam tomorrow. No signatures. No CH-1 drill date and no more ticks on Jolly’s list.

Rojo will have a field day here when he wakes up.

The way things are moving now, looks like an EARLY September drill!!

Up until Friday HE1 communications have been tied with Noble’s. Friday’s RNS was just a quickly written response to Noble’s.

Today’s RNS is the main event now ties with Noble have been cut.

Looks like breaking the tie with Noble has opened the communication floodgate

“The rig is now in Tanzania and is currently being mobilised to the Rukwa site” !!!!

Legalwolf … we’re all entitled to vent with a couple of negative posts after yesterdays antics but posting in the region of 30-50 negative posts over the last 24hrs is pure deramping.

Aussies 1 - Pommies 0

Ironic that they took the lead on contacting an established UK drilling company with the same Rig. Was Sofori a false flag given to us by Noble to delay our drill?

Geologists don’t make good CEOs. Naivety at its finest.

I’m not sure how Noble can sign a contract until the funds have been guaranteed at the end of the month?

I’ve been away a while, anything happened? Any more Ticks on Jolly’s list? Looks like the most exciting thing to happen here is that Haggis had reincarnated himself as StockCheque.

The SP is down because there’s no growth plan this year and IOG have a £80m Bond tied around their neck weighing them down. I expect the SP to start to pick up in Q4 when the gas price is expected to go 100+ p/therm. At the moment at 4.5p is an excellent hold for the next 6 months.

I think the last RNS is just a band aid. The bod need to demonstrate a way forward strategy for the next 12 months and beyond for the SP to start to move in a continual upward direction. Even if the H2 flow rate is increased next week the traders will take advantage of the spike. JMHO.

Just thinking of a way forward once the H2 blockage is resolved.

Once the blockage in H2 is resolved and the flow rate is increased, would it not make sense to drill Blythe H3? …That would give us 60-80 mmcf/d over the winter months where the Gas Price is expected to be well over 100p/therm. This would go a long way to resolve the current cash flow and bond payment issues. Over the 6 months from September onwards the revenue would be in excess of £200m (£100m to IOG).

Ok it would dramatically reduce the life of the asset but we could at least pay off the Bond.

Plans could then be made for an exploration drill next year or later this year. Any thoughts?

Hey RoJo … talking of pipelines, I thought you might like the irony of this news media article.

https://allafrica.com/stories/201808260144.html

Hey BG …”Not long now” a bit tongue in cheek when you posted that comment. The Word “imminent” means at least 6 months in Tanzania so I hate to think what the word “Soon” means. Ah well … still waiting for the imminent RNS.

Jrlomax … Yes. 91p in the 100p tax deductible for exploration.

99% certain NO cash raise. The amount they could raise with the MC in the £20m range is insignificant in the grand scheme of things.

H2 online with possible increase in flow rate with also gas price on the increase, things starting to fall into place.