Member Info for ART123

Maybe a 1000 to 1 consolidation would be a better idea...................

Ghummud is a 3.5 MVA grid connection so $1.3M divided by 3.5 is roughly $370,000 p/a per MVA. So 100 MVA will be revenue of $37 Million p/a with even more when they get around to bitcoin mining with Bitdeer.

Huge upside here if only the CEO would get past the hugely discounted placings.

The only way to nullify all this stupid dilution is to get the share price as high as possible as quickly as possible.

Ghummud was only acquired in April 2026 and they have a first month's revenue already. Hopefully they can acquire the 50MVA from the Sheik and get that producing revenue as quickly. And maybe even increase the MVA to 100 or 200 or 300. And get the Bitdeer deal signed as they are booming on Nasdaq with their valuation up by $1Billion since the deal was first announced just over a month ago.

It seems a bit pointless to issue more cheap confetti shares. GEX could equally have paid off the debt facility with cash raised at 5p rather than shares that are issued at 2.7p. Just because GEX are not paying any drilling fees it doesn't give them the right to just issue confetti shares for the sake of it.Very poor attitude.

From Spodulike:

"The last placing was 2.7p a month ago, today's placing is 5p. On the up all good".

Technically correct but there were warrants attached to the last placing at 5p (fortunately none attached to today's) and a fair chunk of those have already been exercised so a higher price again would have been more sensible and less dilutive!!!

Not to worry, it is done now.

Silly management rushing off another cheap and unnecessarily dilutive placing but not to worry as the groundworks have only just started and we are some way ahead of rig mobilisation and spudding, so there is plenty of time for the share price to re-rate as the preparations proceed. The good news is that interest is picking up now and these extra shares will soon be bought up by punters who are looking for a far bigger return that these placees.

There is plenty of time for this to rise upwards now that the initial excitement has started and more people are becoming aware of the huge potential here. It's a bit early for the pre-spud rise as the groundwork has only just started and there is a fair bit to do before the rig can be mobilised.

It was just nice to see a rising share price after all of the falls. That didn't last long but I'm sure it'll soon be back up towards 7p and beyond.

And they have another £736,000 from the exercise of the warrants, as well as the £1M recent placing and now another highly dilutive £1M placing. The management here are farcical.

That is so unnecessary to rush out another small placing at 5p. They have nearly £2M available anyway. Great potential asset - but appalling management.

Another raise - at 5p this time. Pity they couldn't just wait and do it at 10p or 15p for less dilution. The management here never learn.

I just wish that the share price would continue upwards for a while now that it is all coming together. Maybe get to 10p and stay there for a while. That would give some confidence back to the market and the shareholders and also reduce the risk of any more silly dilution.

Gone from 9% down to marginally blue.......................

Typical of the drivel we get from Hamilton:

""While it was agreed to not proceed the Central Petroleum acquisition, it remains my driving ambition to seek value accretive organic and inorganic opportunities for the business and our shareholders where possible, and we will continuously assess how best to prudently assign capital in order to deliver growth."

GEX haven't got any capital to assign to any projects if you don't mind. Besides they have quite enough on their plate with the current projects.

Https://www.investegate.co.uk/announcement/rns/georgina-energy-plc--gex/audited-final-results-for-year-ended-31-jan-2026/9591966

So on thinking about it I'm beginning conclude that these warrants have been exercised far too early - ie when the share price was too low.

I know there is no hard and fast rule for exercising warrants, and half the time they appear to be issued by companies on a whim and are never even likely to get exercised, but if they are then it generally needs the share price to be considerably higher than the exercise price - in this instance a share price of 10p, 15p or even 20p would have been a good time to exercise these 5p warrants. Then the extra shares cause very little dilution and can easily be sold without dragging down the share price. Doing it early like this when the share price was barely over 5p is risking dragging the share price right back down as is happening today. I suppose that exercising them when the share price is barely higher than the exercise price does show a vote of confidence in the project but what good is that if they are just keeping the share price tied down all over again.

As for the results, please wake up management. The Interim Results were published on Monday 27th October 2025 (this was the results after the previous suspension) and the end of the month was on Friday 31st October. Why could they not have done the same with the 2016 Full Year results as they are obviously aware that there is a lot of bad history here over the long delays and generally poor management. Silly error.

That's good to get the 5p warrants exercised early. The share price is only just over 5p today and that's a good quantity. All in all a good sum and they definitely won't need any more cash before this drill spuds.

Someone is still selling here and they should wake up a bit.

Quite clearly the bad times are over - for now at least - and it's time to make hay. That ridiculously dilutive acquisition has been kicked into touch for good; the rig contract has been signed - and it looks as though the delay was simply waiting for Strike Energy to finish their drill and testing - and no sooner was the contract signed than boots are on the ground and the drill preparations are underway. That will only take a few weeks and then the rig can be mobilized to the drill site and the well can spud.

The share price should be trickling up as there is no reason for this to be so massively undervalued. It's bloody barmy - and unfortunately only serves to attract the nutty deramping posters in their droves.

The drill contractors will get on with this now. They are paid by the job and not by the day so the sooner the prep work is done the sooner they can mobilize the rig to site and get on with the setting up. Then its the drill.

Australia is the second largest producer and exporter of LNG - after the USA which has come from nowhere thanks to Russian sanctions - with the now much-reduced Qatar in a distant 3rd place. It looks like AUS could soon be competing for the number 1 spot as it isn't far behind the US, but not just for LNG but for Helium and Hydrogen as well. AUS may well end up supplying the missing 30% that used to come out of Qatar.

I'm expecting operations to proceed at a much faster pace now the Rig contractors are in control and in charge. The preparation should't take more than a month, so that should be completed by the end of June. Then add another month for rig mobilisation and set up, which should lead to a spud date towards the beginning of August.

Then further good news is that the drilling should be short and sweet as the main part of the drill has already been done and they only need to deepen the hole. Then subject to drill success they can proceed with the flow rate testing.