Member Info for Bridgedogg1

Most likely the RNS will be Monday next week. The exclusivity period ends on 28th and lawyers like to take these things down to the wire, makes em feel important.

Was anyone else expecting an update from SS before now? Seems that we got regular updates on the early drills and now nothing until the outcome. Would like to see 'this is what we found' and 'this is what we are going to do'. Maybe tomorrow...

Actually i think people type threats into the message box just like all the other stupid comments

This thread title is starting to get ironic?

OK but GRIT owe 25% of that to themselves. So thats £1.5m + £600k = current mcap?

My first foray into oil investing was Falkland oil and gas. Didn’t work out well. I’ve learnt quite a bit since then but the lessons were sometimes expensive.

Mirasol that is painful. I guess you have seen this all before then.

Hope it comes good for us both this time!

Well if you are invested for the long term why are you afraid of long term assets alongside the near term excitement. Gradual development of assets leads to opportunities like the one we are enjoying this week.

Dont be afraid Mirasol, its ok, as long as you are invested it will be fine

The half yearly report indicates its valued at around £600k + the loan? Why do people think its going to sell for £20m?

So expecting Oil and Gas project news and Gold processing agreement in the very near term.

Goldridge 8/1/20:
Stage 1-secure the permits and putting together our detailed operational plans along with finalising logistics for planned drilling. Operational planning and logistics will run concurrently to allow early commencement of the Stage 2 Implementation programme.
Results-sampling confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold ($7.6m from one waste dump)
Processing- identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed
Rolf Gerritsen, CEO of MetalNRG commented "I am very excited by the next phase of work... I look forward to updating the market as we make further progress in Arizona."

OIl & Gas 9/2/20:
exclusivity agreement- entered into with the owner of an established operating company based in Romania, which owns 100% of a target oil and gas concession, valid to 2034, as announced on 29th November 2019.
The purpose of the exclusivity agreement is to set out the heads of terms upon which the purchasing parties will acquire 75% of the issued share capital of the operating company. The exclusivity period has commenced and will run until 28th February 2020.
The process is ongoing per plan and the initial indications, mainly from our site visit, are encouraging and suggest that the transaction could, based on current operational assumptions, meet our investment criteria. Specifically, under our plan we intend to establish exploration upside for the project and that we can develop short term cash-flow from the asset under review. As a result of these initial indications, further work has been commenced and we plan to report back to market once the due diligence has been completed.
Rolf Gerritsen, CEO of MetalNRG commented "The opportunity in Romania is significant... and will report back to market shortly."

Speculation: ANRM recently extended the concession for the Black Sea gas and oil fields for ExxonMobil and Petrom by 15 years, until 2034, Neptun Deep whcih they want to sell for $250m.

UKOG aint just a one hit wonder
Recap:
BB-1/1z oil discovery, Loxley-1 gas appraisal well planning application submitted
A24 - Finalising new site selection to drill Portland and Kimmeridge prospects
Horndean - Field in stable production
Isle of Wight - Preparing planning submission for Arreton oil appraisal well and Godshill exploration well

I think if you were going to sell you would have done by now, holding up well, ready to push on hopefully

MNRG have the habit of producing intraday rns. Worth waiting for.

No one selling, they've moved the bid up. Needs to push on the ask now.

MMs seem desperate to keep this below 0.65p, very strange

? Pboo has just been starting the on site progress backed up by pictures and video.

haha brilliant

Not huge but certainly solid with very few sells, I dont usually go for the 'its being held back' mantra but would have expected some rise in the absence of sells. Setting up nicely for a big push as new flow comes in.