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Shareholders deserve to know the cost of this rig - seeing as they are paying for it.

Some figures should have been included in this RNS.

Quick question - have HE1 secured a rig or have they bought one outright?

Also this must have been going on for some time so why no news in advance?

Also if they have bought it, how much has it cost and do they now have enough funds spare to get on and drill this well?

Hopefully, Stalker will see his money disappearing fast as he holds a fair few of these and then give his new CEO a good kick up the a*se, or even kick her out altogether!!!!!!!

It's a lovely hot summer's day - every other share price is f*cked anyway, so I'm not going to let it get at me. Who cares...................

While a big fall may represent a buying opportunity to some, in reality the share price could just keep falling until HE1 actually secure a rig and sign a binding contract.

The share price will certainly hit a new all-time low here today!!

Probably the trouble here - the Algerians don't want to deal with a woman. Noble probably saw this and decided to go elsewhere....................

Today's RNS says absolutely nothing - or rather it says that we still do not have a rig for the drilling in Q3!!!!!!!!!

I can't believe that it is now 3 months since the LOI was announced. I think that we can consider that this option has fallen through but the question is whether the HE1 management will accept this or just continue to bleat on about it being their best option???

Maybe Marriott have another rig and the 2 can be shipped off to Tanzania together....................

Sounds like Lorna is just another overpaid dreamer.

The share price has never been below 5p, except on the day of the IPO which was I believe at 4.5p.

It's not that hard to find a rig then, as the HE1 management would have us believe.

And for HE1 it should have been even easier as they have a m/cap 2 or 3 times that of NHE and they have far more funds available both now and if more is required. Just poor management all round.

Funnily I didn't bother buying in here on the rig LOI RNS and only bought some when Noble cancelled their farm in and did their placing. Not to worry as I still only have about 1/3rd of what I will hope to hold when HE1 do finally announce a signed rig contract so if the rest are going to be at a discounted price I won't worry too much.

"It is the Company's intention to resume injection volumes to a level to return to its previous oil production peak in late 2021/early 2022 before injection volume reduction."

Fine and this has been mentioned several times so far BUT at the beginning of the paragraph that mentions this it also says:

" The Company's Reservoir Engineer and its specialist reservoir engineering firm are developing a revised miscible injection strategy for commencement late in the third quarter following the upgrades to BFSU gas gathering system and production facilities."

This has not been highlighted so far today and basically says that the return to previous production figures of high 50,000 to low 60,000 bopm will not be before Q4 2023/ Q1 2024.

By then the weather will be turning and will no doubt once again impact production.

Oh dear, some never learn.

"

Can anyone work out what these production figures mean for XTR in hard cash. Despite an abundance of figures these seem to be the only ones that are missing. Cheers in advance.

I think that people were more likely expecting production to be moving up to around 1500 Bbl./d - say 45,000 bopm - even with the necessary downtime - rather than back to 1249 Bbl./d which is around 37,500 bopm.

Also, I can't see any mention of a/the JV in the operations update. It looks like that has gone the way of the RBL - much talk and empty promises but nothing in the real world.

The other problem here is that it will be winter again soon - with the usual disruptions.

Okay, so while total production in Q2 rebounded upwards (and to be honest it was already very low) production in June appears to have fallen to 1,249 Bbl./d from the May figure of 1,330 Bbl./d. That will equate to a fall from nearly 41,000 bopm in May to around 37,500 bopm in June and gives nothing to look forward to for the next month.

Surely production figures should be on an upward trend with the better weather and all the extra cash being spent on the fields.

" Oil Production in Q2 rebounded to an average 1,250 Bbl./d, with production for the month of June averaging 1,249 Bbl./d."

Looks like production has rebounded - downwards. May 2023 average gross production:1,330 Bbl./d and June averaging 1,249 Bbl./d. That seems to be a fall in production to me!!!

Instead of a production update, all we get is more bond and interest conversions!!

Dilution is nearly 10% per week at the moment!!

· SYME will reduce its ownership in TradeFlow from 100% to 19% by selling 81% of the issued share capital in TradeFlow to Tom James and John Collis (the "Buyers"), creating a clear separation between SYME's IM fintech Platform and TradeFlow's regulated fund management business.

· This separation is aimed at removing any potential future conflicts of interest between the two businesses and associated regulatory and commercial hurdles, which will in turn improve the growth prospects of both businesses.

· The consideration for SYME's 81% stake in TradeFlow will be £14,386,100 (the "Cash Quantum") of which £12,386,100 will be netted off against potential future amounts owed by SYME to the Buyers under the terms of an earn-out letter relating to the original acquisition of TradeFlow on 1 July 2021 (the "TradeFlow Acquisition").

· SYME's major shareholder, The AvantGarde Group S.p.A. ("TAG"), will assume the obligation of the Buyers to pay SYME the remaining £2,000,000 of the Cash Quantum (the "TAG Amount") by way of a novation. The TAG Amount will be repaid by TAG to SYME in multiple tranches, with the final tranche being payable by 31 January 2024. In consideration for assuming the £2,000,000 obligation of the Buyers, TAG will acquire 1,026,525,520 existing ordinary shares of nominal value £0.00002 each in the capital of SYME ("Ordinary Shares") from the Buyers.

· The TAG Amount will be offset against the current obligations of TAG under the English law governed fixed term unsecured working capital loan agreement that was entered into by the Company and TAG on 28 April 2023, as amended on 30 June 2023 (the "TAG Unsecured Working Capital Loan Agreement") and reduce the obligations under the TAG Unsecured Working Capital Loan Agreement to up to £800,000.

· The acquisition of the 1,026,525,520 existing Ordinary Shares by TAG from the Buyers will not create any dilution to existing Shareholders and the deemed price per Ordinary Share to be acquired from the Buyers is approximately 0.195 pence, approximately 50% above the closing price on 29 June 2023 of 0.13 pence per Ordinary Share.

· Additionally, TradeFlow will enter into a three-year white-label licence agreement with Supply@ME Technologies S.r.l., a wholly owned subsidiary of SYME, with respect to use of the Platform, on a non-exclusive basis and limited to the Asia-Pacific ("APAC") region, for a total consideration of £1,000,000 payable over a three-year period.

Note that even the £2M payable only appears to be being paid to SYME through the issue of over 1 billion SYME shares.

As Theanalyser says it appears to be being sold at a big loss.

When Conrad brought out their latest Investor Presentation in early February the EME share price went up by 100% on the day with no posts and little awareness of the reason for the rise.

It would be great if that happened again here in advance of the GSA figures.