Member Info for Batterseafish

As I recall there was a low ball offer to delist previously. Wouldn't be surprised if another follows soon. Share price in bargain territory now and will bounce strongly soon.

I see space stocks plummeting in Us following what appears to be a rocket blowing up last night.

Wonder if this will affect Seraphim or maybe that explains the weakness today?

The Ft is not what it used to be. In the passed was more in depth analysis of many shares considered worth buying. Its been dumbed down and slimmed down unfortunately. I still subscribe though. It's ok for macro trends but nor micro IMHO.

Is a bid coming?

Is price just correcting previous rise or disappointing results? Seems company has long term promise but that's always been the case.

I suggest watching Aljazeera for most accurate reporting I. The fog of war.......which is lifting but question as to weather it really is the beginning of the end game.

Only possible benefit from weaker copper prices could be that development prospects become cheaper.

In short the market is betting that the war will soon be over and oil will flow freely from the gulf. There's also an adage not to bet against Trump as he always gets what he wants. That is why IMHO the broader share market is holding up well. If this analysis is incorrect then broader shares will drop and oil plays like this will rise. Many Analysts and commentators on You tube

express the view that oil is going to 150 short term but this is not a main stream view. On cnbc most commentators are saying that based on passed wars and oil supply disruption what we are witnessing is short term and will soon reverse. The futures are saying this too. Could be that western media is full of propaganda pushing the view that this will be over soon. Trump is no doubt under pressure probably from all governments aside from Is'l to end this ASAP.

Possibly another placing by recent seller? Maybe this rose more at the start and is now taking a breather? Maybe investors going for safety of Bp and Shell which have more diversified businesses. Oil futures a year out are far below spot prices and it's those prices the market is focussed on, (according to analysis in FT.)

Helium shortage as a result of events in the gulf could possibly expedite progress here? Worth hanging on for drilling in any event IMHO.

Isn't share buy back a waste of capital in the circumstances and would be better used towards replacing resource?

Oil dropping as Donald provides insurance to all tankers in the gulf and US navy to escort tankers.

This is effectively closed according to FT as no insurance available for vessels. Gkp could benefit.

So Perplexity calculation re Sa sale proceeds could reach 6p per share sp surely Jubilee is worth at least 50% more than present share price to reflect Zambian copper and processing operation?

'Rough calculation: $28.1 million cash equivalent divided by an estimated 1.3-1.5 billion total shares (based on market cap hints at ~£50 million / 3.6p) yields approximately 1.9-2.2 pence per share from proceeds to date; remaining ~$65 million (if fully paid) could add ~4.3-5.0 pence per share, totaling ~6-7 pence potential. Exact per-share allocation depends on final payments, costs, '

It did touch 17 then but it's likely to be much higher by July next year. As for this year perhaps more consolidation but would you want to risk being out when the rerate comes?

From the geologist: ' The project gets better all the time' .

Valuation in note assumes commercial reserve with adequate flow rate etc. A small holding could yield a 10 bagger or bust IMHO.

In relation to Georgina gas does this offtake agreement mean anything or is it just a proposal and mirages as some are saying:Georgina Energy Plc, GEX.L advises Harlequin Energy Ltd ('Harlequin') has formally confirmed its intention to proceed with funding for the Hussar EP513 prospect for the anticipated recovery of Helium, Hydrogen and Natural Gas. Harlequin has given notice to proceed with funding of the drilling of the Hussar-2 well within the EP513 Lease and undertaken to complete site repairs to the airstrip and access roads, construction of drilling pads, water wells and camp location pad, in preparation for drilling as set out in the Memorandum of Understanding ("MOU") signed on 24th August 2024. The Company has undertaken due diligence and been provided with Harlequin's USD$25 million structured offtake funding facility to finance Georgina's drilling program. HUSSAR EP513: Harlequin has engaged Schlumberger Oilfield UK Limited to work in conjunction with Georgina's technical consultants (Aztech Well Construction) to proceed with the planning, engineering and drilling of an exploration well at Hussar. Harlequin will fund the Hussar drill progra

The Harlequin offtake agreement with Georgina Energy Plc (GEX.L) for the Hussar EP513 prospect in the Georgina Basin is a structured funding facility confirmed as recently as January 26, 2026, advancing beyond the initial August 2024 MOU. It funds drilling the Hussar-2 well, site infrastructure like airstrips and pads, and involves Schlumberger for engineering, making it non-dilutive for shareholders via wellhead gas sales to Harlequin.

Agreement Status

Harlequin has issued formal "notice to proceed," provided proof of a USD$25 million facility after Georgina's due diligence, and committed to sole funding—elevating it from MOU to actionable under a Joint Operating Agreement (JOA). No binding sales contract is detailed yet, but the arrangement enables offtake of helium, hydrogen, and natural gas, with timelines set for Q1-Q3 2026 drilling.

Skepticism Addressed

Claims of it being a "proposal and mirages" appear overstated; the January 2026 RNS (regulatory news) triggered a 130% share surge, with CEO Anthony Hamilton confirming the facility for Hussar and Mt Winter development. Earlier MOUs were non-exclusive and non-binding, but recent confirmations include proof-of-funds and rig tenders (e.g., Ensign Rig 974), countering vaporware doubts.

Key Project Details

Aspect Details

Funding USD$25M structured offtake by Harlequin/partners; covers full drilling/infrastructure

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Resources (2U Prospective) Helium 283 BCF (+30%), Hydrogen 315 BCF, Hydrocarbons 2.9 TCF

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Next Steps Q1: Long-lead items/rig tender; Q2: Water bores/site works; Q3: Drill/evaluate

This de-risks the project significantly for Georgina, though execution depends on timelines and gas flows.

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Related

What are the next steps and timeline for Hussar-2 drilling

Details on the USD$25 million offta

Jam tomorrow but gruel today.

Above previous high now. Could be Swift 40% rise from here.