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And IG, who seldom go to NT, have buys available at 17.375p (for 25,000(.

Loads of trades not being put through. I have made 2 extra purchases both substantially bigger than any of the trades shown so far. Currently 18p to buy and 17,75p to sell.

It is most likely they have needed to raise the money to pay for the accounts to be finalised. The 'shortage of auditors' tends to only affect the large multi-nationals. Micro-caps are usually just too broke to have the cash available.

6p is quite good - lucky it wasn't at 3p !!!!!

Last year it took 3 months to get the results published:

"Lifting of Suspension

London, 3 November 2023 - Pennpetro, an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, today announces that following the uploading of its Annual Report to the NSM (National Storage Mechanism) in the required format, it has now requested the restoration of trading in the Company's securities, which is expected to take place at 08:00 3rd November 2023."

There is no mention of drilling in today's RNS. You can forget that for now.

Might be completed by the end of the year...............so drilling can start next year. Negotiations were underway in January 2024 if not before.

The RNS dated 14th Feb 2024 re the finalisation of the farm-out states that SYN will be paid US$2.5 immediately approval is received from the GOI - so they should have the money already.

US$2.5M not £2.5M.........

I would assume that SYN will get the £2.5M before the work program kicks in which will be when the first workover commences - and, according to the Interview, that will be 'shortly'.

Late rally - which bodes well for tomorrow.......

Unfortunately, despite Heron 1 flowing at up to 800 bopd, Mr Buck has already said that production is more likely to be 300 bopd - or probably less and somewhere between 200 and 300 - Gobi Bear is more than likely to be a duster and Heron 2 once drilled at the usual cost will also only flow at the same low flow rates.

This is suddenly not very exciting. The journey here so far has been full of ups and downs but now we are here the ups seem to have disappeared into the reality of the situation.

AJMHO

Unfortunately, this share board has been subjected to a barrage of delusional ramping for several years, most of which (particularly from the strangely now-departed WOS) has been quite cringe-worthy, totally unnecessary, often bordering on bullying and at times downright embarrassing.

Now MATD finally have a Land Permit reality has kicked in.

Roy Pitchford was the old CEO of MMM - Mining Minerals - and although he has kept a smaller seat on the board of GEX he is no longer running the company.

If you are on about Roy Pitchford he is now just a non-executive director. The former CEO of Georgina Energy is now the CEO with his old COO in tow.

The market loves big numbers - and the herd soon follow along.

This looks like it could be a 3-bagger IPO - and within days rather than weeks!!!

I think you will find that IG is working okay today to buy/sell GEX - which is just as well as this is on the rise.

After what turned out to be a somewhat disappointing IPO at HEX (in my opinion at least) this looks as if it might go big from the off. Maybe it's the huge numbers that are going to make the difference and get this flying.

ATB

Incidentally, another recent IPO - Rosebank Industries - 3-bagged in just over a week after listing. It was floated with 20 million shares at £2.50p per share for a m/cp of £50M on 11th July and the share price hit £7.50p on 19th July and is still rising at over £8.00 today.

Maybe the same will happen here. There are some very big figures being bandied about - multi-billions.

Response from IG:

Thanks for contacting IG.

Please note that there is an anticipated corporate action for GEX.L and we are currently keeping it offline until we have confirmation from our brokers on the terms of the corporate actions team.

Sounds like nonsense but this is why it is on permanent auction on IG.

I bought some earlier on IG as it was trading quite normally from 8.00 am but wanted to buy some more but couldn't find the ticker on II. However, after phoning them they said that the ticker was not live on their system but they offered to do a phone purchase at the normal online rate which I have now done.

Meanwhile, the price is creeping up. My purchase was at 13.99p.

ATB

Maybe they didn't let any shareholders into the AGM - just in case they asked any nasty questions.