Member Info for bonum

'With an accelerated book-build, the offer period is open for only one or two days and with little to no marketing. In other words, the time between pricing and issuance is 48 hours or less.

A block build that is accelerated is frequently implemented overnight, with the issuing company contacting a number of investment banks that can serve as underwriters on the evening prior to the intended placement.

The issuer solicits bids in an auction-type process and awards the underwriting contract to the bank that commits to the highest back stop price. The underwriter submits the proposal with the price range to institutional investors. In effect, placement with investors happens overnight with the security pricing occurring most often within 24 to 48 hours.'

Yes, agree with you on that Jim.

Atb

I don't really have a problem with the BoD and as long as we get into drilling, not going to fret about their instagram accts etc.

Atb & have a lovely evening

Will be relatively easy to secure to move forward drilling! Shore will have that well in hand.

Atb

It was emphasised repeatedly (and deliberately), that the majority of expenditure would occur later within the operational timeframe. There's more than enough funding to commence operations, with am expected appreciating share price through that progression.

Shore Capital will be approaching 'known' institutions / strategic investors for the remaining funds, so completinh the full amount required but the above still stands regarding expenditure timeframes.

It's noteworthy that the Company stated that they can also raise more thannthe requisite amount, hence the demand for the stock at 2p in additional to the Open Offer is likely known and possibly take up from certain parties will be conditional on a larger stake offered.

Confidence in holding the stock from private investors & the key Institutions approached.

Atb

Should be fairly straightforward and given Shore Capital would already have spoken to various parties already, as part of their role in placing any required shares to strategic investors & institutions.

It helps that the share price has demonstrated such bouyancy around the open offer price

Atb

Noted some considtent 500K Buys going through and looks like it could be some larger stock accumulation going on.

We still need an official RNS though, which we can obviously expect shortly but some very Confident purchasing there and price bolstering.

Atb

Paraphrasing Etyan in the interview he gave......a penny, 2 or 3p wont make a diffference to where they see this heading!

Very feasable and certainly significantly higher than the current price, contingent on certain factors being succesfully addressed.

Atb

Just add - then post the trade ;)

Atb

20-40p..........I'll have that!

Regardless of what's actually achieved, with drilling going ahead, we can safely say it'll be a strong multiple of the current price - that's good enough.

Atb

Should be a very bullish update and further feeds into the Institutional interest we can expect, generated off the upcoming Investor presentation.

We have the asset soon to be generating PetroDollars for PetroMatad......a bonafide revenue generating O&G company.

Atb

This is the reving up stage you get before the start of a Formula 1 race.......5th/6th November before the blistering move up Harry, imo.

Atb

Yes, that's why we weigh up the likelihoods of various outcomes and invest accordingly, rather than stick our money into a low return bank account, under the bed ......or other orifice!

Imho ;)

Atb

"bonum,
Is that for after the placing to fund next years activitys and overheads, for after the 5/6 months of winter Or after the rns that says the first zone is unable to flow?"

Oiler 87,

Is that after PetroMatad / PetroChina partnership agreement, the lending facility off the back of the Heron1 asset or indeed as Mr.P states, a limited placing at a premium and given the results from Heron1, imo?

You seem to like stating 'opinions' as given 'facts' to deliberately attempt to mislead others - why the desperation in lying on this BB Oiler87?

Partly to facillitate a trading agenda mo doubt......but also no doubt makes you feel good - no problem, carry on ;)

Atb & have a good life ;)

STRONG BUY ;)

"Proselenes has been screaming strong buy from 9.95" - that's because he's basing it on a tangable asset & worked calcs to underpin that opinion. The actual price level may have gone against that but from the perspective of a 'buy & hold' strategy, the general concensus is that the 9.95p level will be well surpassed, regardless of any shorter term price move.

Others like yourself Oiler87 have just been 'screaming'.

Atb & have a quietly peaceful day ;)

A multibagger either way then ;)

So few free shares in issue, that a bullish upward move will likely be significant, just as the previous profut taking was way overdone. I'm a little ambivalent of the rise though, as my outlook here takes a somewhat longer timeframe, hence would certainly want to add significantly more to my already large holding - awaiting funds to come in for such atm.

I've stated previously that I expect it to surpass previous highs at circa £12 plus and certainly the near term high just shy of £3.

Beyond that, we have the very likely consolidation in the sector resulting in a Buyout of the company, but that's still somewhere down the line.

YU. is my holding that I want to keep building up, as funds become available and considering the obvious difficulty in securing any meaningful amount of shares on a bullish run.

Hopefully some news in the pipeline.

Atb all

Spud is when the drill bit hits the ground........or a little root vegetable, depending on how you see it ;)

Atb