Member Info for Bridgedogg1

I understand that holders here wouldn’t like pertinent questions about the operations and finances. Heads in the sand.

Kind of agree but at this stage it’s either get the financing and drill done = massive multi bagger, or lose the license and back to carrot and confetti = worthless. Starting from £3m makes this a good punt, but yes big risk funding isn’t achieved. I think it’s worth the risk but definitely not a done deal.

Who is 'Prem'?

Ho much would you pay for an unprofitable mine in Africa with constant issues?

Canmax who now own half of the project?

At what lithium price?

How much profit does the mine make when it is up and running?

What about admin and finance costs?

This company would be lucky to be valued at £5m. Another UKOG.

Lol shareholders will get zero

Very happy to be holding here.

Sad thing is they could have easily raised £6m in a placing and avoided all this. Now they will probably raise £20m in a rights issue at half the price, to pay off the debt and provide funding for 2024. The mind boggles how it came to this.

Someone got a bargain on that many shares

Yes, annoying lots of buys not moving the price for days but a few sells drop it 10%. Could be MMs looking for shares but I would have thought they have enough !

Good to see some haters out. it means we are in business. IMO this is going to

-rise to around £10m mcap

-then drift between £8m-£11m until funding is announced

-then its £15-£20, range on funding news

-another boost to £25m on run up to spud/testing

Another who researches this must surely see what a raging buy it is. The more interest we get the more buyers. Funding will see the large buys coming in and I cant wait.

Anyone taking the time to look into this would surely buy. 90% COS, billions of barrels, one well testing multiple targets, 3 in geology already proven next door. Surely the investment case is supporting buying up to £50m mcap?

I think 0.024 is the one to beat, only after the churn is down, then its 0.028....0.035 for starters

Https://x.com/share_talk/status/1759677716591247370?s=46&t=tlq1Bm3_53631l-uJoA5lQ

8 mins in

Funny that’s he’s happy to issue shares to anyone and everyone else but definitely doesn’t want any himself. I’ll have cash later, thanks

This is done for shareholders imo

Guys,,, you can’t raise more than the mcap in an equity fundraise.

Lower volume today - unless we get another large delayed trade show tomorrow - so another day of churn tomorrow. We might see some movement towards the end of the day and once this moves it’s going to rocket. You could in theory wait until asset back financing is announced, or for spud date but it’s going to be in the tens of millions by then.

Cameroon

Rig available June-August 2024

Drill summer 2024

first oil 2025

2 Total discovery wells with 3 reservoirs

other untested reservoirs in the well

Waiting on asset level funding for the drill

Seismic to the south

100ms barrels of oil and gas on the structure in other fault blocks, exploration in the next few years

Namibia

Oil seeps study positive re migration paths & understanding the source rocks

Looked at other structures on the license

Data from other wells in last few years

Focus have been on the large anticlines in the west x3

Stratographic traps - very interesting - very productive for shell and total

Take a few months to review and will share with investors

Would expect its forward selling of the 0.018p subscription shares - 3.3bn to clear, around 2bn done with. Once cleared - tomorrow or next day there wont be any sells holding this back.