Member Info for ART123

The shareprice is definitely going to open up and punters will soon take note and buy in. RNS imminent. Get in here first - though I hugely enlarged my stake here a week or so ago as a fresh start in another country will be huge in itself........... ATB

Well the 2 Equatorial Guinea prospects appear to be based in fact and not fiction, with the cut off date for awarding of licences imminent. That itself should give the shareprice quite a boost, especially when considering the number of years that have been wasted with no real permits in Ghana. And anyway Equatorial Guinea appears to be a better place for oil and gas than Ghana as there is more production there and so the government there at least know what they are doing. 5th June is Monday so there is little point in selling today. Might as well at least wait for the licence awards.

or even 2-3 years. The last placing was for £95K and yet with 2159 million shares the m/cap is over £2M (and potentially a lot more with all the shares that are still going to be issued). They have zero assets and have to complete a RTO within 4 months or be suspended. This though is the AIM markets favorite pump and dump outfit at the moment (as the twitter crew know) and all it takes is a few buys and a few rumours to set this one off.

On the contrary you seem to be the "inexperienced" one with your 96 posts of which 5 have been in the last 30 days with 3 so far today...................your posting history speaks for itself...........................

That's what I have said if you read my posts. And by the way I was a lone voice on the NEW board at the time suggesting that it might not be a wise idea to vote down the placing as the company would not be in business long without the placing funds but everyone was so full of their dodgy short-term gains that no one bothered to think things through.

Tradesense (or Nonsense) If shareholders gang together and block the issue of Tranche 2 shares then they will also have to vote down the item: "directors to be granted authority to undertake a future issues of shares up to a value of £300,000" or else NYO can just issue more shares. If they vote this down the company will have no money and no means of raising any and they will be suspended before going into administration. And all this in the hope that a few shareholders may make a few dodgy bob on a possible short squeeze that some hard-up twitter twit is attempting to mastermind all for his/her own short-term gain. Quite pathetic.

"Further details of the proposed consolidation of the Company's shares, including the anticipated timetable, are set out in the Appendix below. It is anticipated that conditional on the consolidation being approved by shareholders at the Meeting, the ordinary shares will be temporarily suspended from trading in AIM from 4 July 2017 during the deferred settlement period on ASX and that the suspension will be lifted on 14 July 2017. A further announcement will be made as appropriate in due course." This from the last RNS, dated 30th May 2017. I would assume that if Peterhouse are "in trouble" then they may or could, with NYO's BOD's agreement, decide to just suspend trading until after the General Meeting as this would exonerate them from any forward selling backlash. There's nothing going on here so a few weeks suspended would not lose anything. Just a thought.

Shareholder revolts are BAD NEWS. They never work. A previous example before NEW was BHR - Beacon Hill - where the shareholders got together on sites like this and voted down the placing and the company then immediately suspended trading and soon after filed for administration. THE SHAREHOLDERS LOST EVERYTHING - not a very clever move. And despite what some may say NEW also suspended trading soon after the placing was voted down and shareholders also lost everything. Shareholder revolts are not a very clever idea.

Cornhill Capital were appointed joint broker for NEW and they were behind the forward selling but it was on a completely different scale to NYO. There were about 702 million shares in issue and the forward sold placing was for another 2,727 million shares to make 3429 million altogether. Just as a word of warning it all went terrible wrong at NEW when the shareholders got greedy and voted down the placing. The company were soon suspended and have not been back since and anyone holding shares lost everything. And while a few may have made good profits most did not as the shareprice soon dipped from the squeeze back to where it had been before. All in all it was not a very clever move by the shareholders (who got screwed as usual).

Cornhill Capital

The main difference between NYO and NEW is that NYO's outstanding Tranche 2 placing is for only a measly £37,552 whereas the NEW placing that caused the squeeze was for £1.5million. This is quite tiny - " a conditional placing of a further 187,760,300 ordinary shares ("Second Tranche Placing Shares), also at the Issue Price for total consideration of approximately £37,552, conditional upon the approval of the shareholders of Nyota at an extraordinary general meeting (as required under ASX Listing Rules) to be convened as soon as practicable ("EGM") and Admission."

Just done some digging and it turns out the news has come from Upstream, The Global Oil and Gas News Source, a subscription based website. Here is a link to the article, dated 25th May 2017, of which the first paragraph can be read for free: http://www.upstreamonline.com/archive/?q=Clontarf+Energy&languages=en&locale=en

I see the rumour is based on fact. Looking at the Final Results dated 18th May 2017 there are references to this potential acquisition. "Clontarf Energy has ensured survival by maintaining their exploration interests and by raising new funds when available. We have active interests and are well funded for the present. We have not relied totally on our legacy ventures and in recent years have examined numerous new ventures and directions. I report below on one such venture, applications for two offshore blocks in Equatorial Guinea, West Africa." Also: "New Projects An opportunity has arisen to acquire offshore licences in Equatorial Guinea. Discussions have taken place in the capital and in external locations. The geology is good. There are discoveries and production in the licence block area. Licencing terms are tough. We have applied for Block EG-23 and EG-21. EG-23 is in shallow water and has had a few wells. EG-21 has had a number of unsuccessful wells. Clontarf specialists believe that modern analysis techniques on available data will reveal new targets." So it looks like these two Blocks could be coming CLON's way pretty soon and as the Ghana fiasco (which CLON can also keep) has been ongoing for many years a completely new project may well give the shareprice a considerable boost. ATB

Just what CLON needs - a change of scene. Far too many years have been wasted getting nowhere in Ghana. With a daily production rate of 317,000 barrels, Equatorial Guinea is ranked sixth among the highest oil producing countries in Africa and 34th in the world. Ghana on the other hand only produces 59,000 bopd, all from the Jubilee Field.

A poster called DiceAIM has been posting this on every board except this one and as it's relevant here I might as well do it for him. I am not responsible for any content and am purely reposting it to it's correct home. "missed by the market @Rigger965 HOT OFF THE PRESS HEADS UP #CLON Clontarf at the double Marathon Oil And ExxonMobil 26 May 2017 11:44 GMT🔥💥😉 https://twitter.com/LongTermHolder/status/868007398463504384" ATB

I see the AGM is set for 16th June - 2 days after the suspension kicks in.

I feel this is just for the gamblers now - and there seem to be a lot of them around at the moment.

An RNS would do - which is a proper regulated way of communicating info to shareholders (and non-shareholders). Podcasts are unregulated and bordering on insider trading - besides they always remind me of CEB Resources who got quite carried away but things didn't quite work out as they hinted.

ASOS is still on AIM and exactly what is the point of bringing them up here...............

Suspension is only a few weeks away and it could take months and months and months to reappear. I just feel it is very unfair to expect shareholders to buy or hold these shares during a certain suspension without giving a full account of exactly what the BOD is planning, how long it may all take and to include some kind of a financial account as to whether there will be fundraising or whatever. This board is expecting too much of people - which is the main problem here as the board is crammed full of super-experienced high-flyers who don't seem to fit with a tiny AIM or soon to be AIMless company with a m/cap of £1.6M. ATB