Member Info for ART123

Punters who held millions of shares - and all bought much cheaper weeks ago- rather than the hundreds of thousand trades/buys that are going through now.

Sorry but the black trades are all punters (like myself) who sold out an hour or so ago after the RNS popped out - punters who had bought in several weeks ago and were getting a bit tired of waiting around for the finalisation that was always going to be 'by the end of January' or 'by the end of the week' or 'in the next following week', etc, etc.

What good is the billion barrel discovery when COPL go bust? They probably just didn't want to give that much - 50% away - as I'm sure they could easily have got a partner to fund a few new drills.

Watching SYN get their farm out signed off on their Indian gas asset (that never flowed more than a trickle) and how they have managed to secure a $20M work programme comprising 3 new wells and 3 well work-overs plus $2.5M cash for a 50% interest makes Millholland and COPL look very stupid. Surely they could have got a farm out/JV secured for the billion barrel deep discovery (that also didn't flow very well but who cares).

It is just very disappointing - oh, and too late now as all the old management have quit and left.

Okay, fair enough.

I thought they had just done a fundraise on 24th January at 1.1p. Have they said that they need to do another?

Today's RNS is not showing here so I will post a link to this:

https://www.investegate.co.uk/announcement/rns/east-imperial--eisb/continued-global-account-wins-in-2024/8034346

This was trading at 3p - 5 times higher than today - just a few months ago and business has continued to improve, including in the target USA market. M/cap is currently just over £2M.

Possibly - even probably.................

'The market is now in a non-tradeable state' - what does this mean? It has been like this for over 30 minutes since opening.

Yes, I believe that the GKP shareholders were diluted down to a few percentage by the bondholders which was a shame as production picked up some time later and the share price recovered. The same thing almost happened at Hurricane, where the management were planning to let virtually the whole asset go to the bondholders. Then the price of oil recovered and the shareholders voted against it which was supported by a judge in the High Court and a year or 2 later the bondholders were paid off in full by the increase in revenue from the higher price of the oil.

It looks like the UK market is lucky it has not been suspended too as that is usually the end of the story. Not sure how this is going to pan put though. There just isn't much hope of getting the share price to rise.

Anyone know what is going on with the Canadian listing???

Looks to me like Todd Kozel was imprisoned for tax evasion and not for defrauding shareholders.

"Co-Founder And Former CEO Of Foreign Oil Company (Gulf Keystone - my addition) Sentenced To 60 Months In Prison For Failure To File Tax Returns Causing Over $20 Million In Losses To The U.S. Treasury"

Genuine question please: Is the Canadian listing still trading and if not, and I cannot see any trades going through, has there been an official announcement to say why the share is suspended? Cheers

I can see the difference between my expectations and the share price movement - or rather the lack of any appreciable movement. I was backing David Lenigas, who is generally a breath of fresh air, but this is still Red Rock Resources, with the same old Andrew Bell (DL's 'two-faced liar') at the helm. Punters are buying - or not buying - RRR rather than buying into Mr Lenigas.

It is quite likely that he will take on a proper management position soon, maybe CEO, and he will probably buy a big chunk of stock too. Personally I like him.

Quite. Get some new prospects in. DL currently has management positions in companies that are involved in bitcoin mining, gold exploration in Australia, lithium, oil production in Texas, a farm-in to Horse Hill, as well as others. All are showing good prospects.

With a m/cap of £2.68M they are hardly overpriced. The share price appears to be at an all-time low anyway.

Still 0.08p to buy. That surprises me as the buys are piling in.

100% up today - easily.

Personally I like Mr Lenigas. I think the market will too as soon as the word gets round.

Green Hydrogen isn't such a bad idea either:

BMW says Goodbye to Electric Cars; it has now Solved the Problem of Hydrogen Engines – MES

https://hydrogen-central.com/bmw-says-goodbye-to-electric-cars-it-has-now-solved-the-problem-of-hydrogen-engines-mes/#:~:text=BMW%20Plans%20to%20Roll%20Out,industry%2C%20aligning%20with%20these%20priorities.

But the problem still is why the current management won't get on with it. All ideas but no action.