Member Info for Bishop190

I agree BB, as a shareholder I would vote against :-)

I agree with you Hullfc but my money is on late April. Hill has nothing to report.

AIM companies get an extra month to report as a result of Covid, so I fear the end of April is more likely.

I thought they might be running short. As a TRP holder I don’t think I see that benefits them, unless as a no cost deal.

They raised cash in September last year, it will interesting to see how much they have used. A half year report is due under AIM rules but all companies are given a one month extension due to Covid. I guess therefore that they won’t publish until late next month.
The lack of communication is very poor.

In short, no! We are all waiting.

Actually it is a myth that the age of oil is dead, it is used in so many everyday things. The likes of Looney at BP think they are being clever but the clever thing is to stick to your knitting as they say.
However in this particular case, unless Hill can attract a sale or funding we have a problem and, as I said a few days ago, some of us may have to just decide what loss we are prepared to take I fear.

ASX not ASC!

Now that it is delisted from ASC there are quarterly updates. Hopefully there will be a half year one soon.

The “resources” are only worth something if the board find a buyer for the company. The longer this goes on the less likely that seems and some of us will have to decide what level of loss we are willing to take on our holdings.

Well spotted Brig, thanks.

Thanks fir that @lsetown, I see what you mean and as you say, in fact it likely will not amount to a great deal.
You are right to question where this is going. I sit on my holding for now as the average cost is only a little above current value, but for how long? Here’s hoping patience will be rewarded!

Not sure I get what is meant by “royalty” referred to in the Pegasus loan , does anyone know what this royalty is on or does it in fact mean profit after tax?

I think there would be, you may have to buy in two lots of 1m perhaps.

Very perceptive, as ever, AO.

:-)

I didn’t know about the extension Hull, makes me less twitchy :-)

TRP has three potential projects, one of which is drill ready. It shares only one geographic area with GBP which itself holds just the one licence. I do not see any reason why TRP would want to merge its whole operation with GBP although I do see merit in working jointly to secure a sale of shared prospective area. Having said that, am I right in saying that GBP’s PEL94 licence expires later this year? If so why would a major not just wait until it come up for renewal.
I hold shares in both companies but as ever, do your own research!

Struggling to see the improvement I am afraid.

If only I had a bigger tank :-)