Member Info for BondSan

I was bullish on the Cameroon license , still am . No time for the manipulative posters here . My frustration aimed at people higher up . Only have a small stake monetary stake in relative terms anyway.

“patient shareholders will i think be rewarded “

define patient….ive been in this 7 years from what looked like a drill that would happen in 7 months . another placing before the drill happens and i’m out . getting really irritating at this stage. how long does it take to sign a ****ing bit of paper

Yes it’s been frustrating watching ENQ SP go nowhere for a more than a Decade all the acquisitions compared to Ithaca / Serica / Kistos . When I bought these first I thought they’d be Venture Production 2

Thx for detailed replies

I only have a very small no of shares here bought recently after the announcement of the Indonesian working interest which would appear to be massive

Also due to the SP decline to 11.5 p - hoping for a bounce to 15p + based on a Broker target which I understand was around 27p ? . Used to own more ENQ back when they traded around a Pound around 2014 . Follow ENQ for that reason . CEO seems v conservative. Have experience of Bondholders dilution although in that particular case I believe it was extremely fishy . The Company in question wasn’t paid so couldn’t pay their Bondholders .

My mistake - net debt is 375 million not total debt .

Bonds due Nov 2027 not 2026 I thought , that’s a decent window to factor in a reversal of the Profits levy.

I can’t speak for larger holders here - last weeks results were disappointing yes.

Bondholders didn’t have an issue when Enquest had 1.1 - 1.2 Billion in Debt , with Debt now down to 375 million and a more expedient reduction of this figure stymied by crazy UK profits tax wouldn’t Enquest and Shareholders have a very strong case for damages if Bondholders were unreasonable at this stage ? Besides I doubt they’d want to attempt a sale of Enquests assets as there wouldn’t be many buyers given the business model is all about squeezing more from very mature fields ?

Net debt at 31 August 2025 was US$53.5 million, reflecting cash balances of US$113.3 million and drawn debt of US$166.7 million

Had a small top up at 19p yest. Pretty Good results . Cash should exceed debt soon enough

I hope Tyrus are holding that controlling stake for capital gain and to underpin the price from here rather than a quick flip to another entity . The Vietnam license upside is very large. Contingent resources I understand is 30 million barrels equivalent which is about another 8000 boepd if averaged equally over 10 yrs . But the further upside exploration in the license is as I understand 1.5 Tcf . That’s up to an additional 258 million barrels Oil equivalent. Or 47,000 boepd if produced over 15 years . 1 Tcf is 172 million barrels oil energy equivalent

UK issues aside , why such a muted reaction to this recent announcement ? Upside Resource Potential seems huge . 100 TCf or 18 Billion barrels Oil across 2 licenses with Enquest signing up for 40% interest .

DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 billion. June 2025 , raising funds for same via a hybrid bond issue

Given the above , I doubt DNO can afford GKP . I also doubt Aker BP can afford a full T/ O of GKP . A Stake in a potential Consortium via a Merger of Sorts maybe . Johan Sverdrup field in which Aker BP have a stake is approx 2.8 Bn Barrels OIP . Shaikan has been independently assessed as having multiples of that OIP . In my opinion

Series of 1 trades now for some reason ?

Starting to look a bit like Ophir Energy all over again .

Had a little top up , seems to be a lot of buy trades today

Yes I tried some time ago and was declined too…wondered was it the thin trading also.

“IG would not take a long spread bet on JSE”

Bit early for a dividend , maybe in 6 maths 1 yr when Debt has been dealt with

The Njonji Appraisal drill was originally planned to test one reservoir with a Flat spot and this was estimated to potentially produce up to 8000 bopd in a best case successful appraisal scenario . However a few years ago Tower consulted with / used a company named Paradise Ai I think which upon reprocessing of Seismic discovered a second potential reservoir based on another flat spot . So it was this that upped the best case gross production to 16k bopd ( split accordingly between appraisal Partners as would be the 8000 bopd . These were best case upside projections & contingent upon a successful drill. The particular presentation is several years old by now . I’m in Tower since about 2018 and had been following them since they were in Uganda on the back of Tullows discoveries there . That’s about 2007-2011

Apologies NickTims

I didn’t notice that you were simply reposting another Posters Headline there . One of those Disruptive Types . My mistake

You claim today that Tower might be “kicked out of Cameroon” , and yesterday you admit to having no knowledge of the 16 k bopd upside from a best case Njonji successful appraisal and production scenario. May I suggest you familiarise yourself with your investment & read the Company presentations from the last few years in detail before making anymore proclamations?

I can’t see sale of Akatara any time soon as they’ve only recently commenced operations. But it should be noted that Akatara License has several other leads / prospects to appraise should it be deemed worthwhile . In addition to Gas , There are Oil fields immediately south of Akatara .

“I wonder why these Ponzi Put and the other/others just not sell now and walk away in sunset acting on their conviction! Bur no , they will grind on for ever. As there is promise of more. Very soon, this will qualify for any GARP or dividend fund manager and in a different league of calm waters. Let us be most conservative, with production started and further field development - 250 p with ongoing 10% divi or 350 plus buy out (more as production increase). Please sell if not happy and leave the board in peace. One is of course mindful of geopolitical risk but that is your choice. GLA LTHs.”

You must be very new to this story Titan . 350p buy out ? 😂 40k bopd is phase zero