Member Info for BSmonitor

Understood..thanks

Does this mean they are no longer tendering to outsource the open pit mining as a multi party consortium?

Thanks Datacheck for sharing this information from the AGM. Your efforts at e much appreciated

PUTUP...Hint 1 yes..I was a bit cavalier with terminology but the 100 million ballpark for "maintenance" was very rough to cover operational maintenance lifting ting costs etc Hint 2.. I was implying steady state ..in othe words add after development costs are accounted for.

I was addressing BB comment that $16 - pipeline cost was to account for profit and cost oil in place of current PSC so I thought this leads to a simple steady state calcukation.

BB ..I may have misunderstood the question mark on the $5 pipeline cost - I read this to indicate a guestimates. Is the pipeline mixture Vs local sales relevant if the contract is simply to pay $16 per barrel regardless of oil price? Yes I quite concede the $16 is some nominal average ..

Perhaps I am simplistic and wonky..what would be your estimate at 85k bops in steady state?

BB.. so after allowing for $5 pipeline costs the remaining $11 per barrel would yield an annual income of around 350 million when we achieve intermediate goal of 85 000 bopd (which will take a couple of years) . This itself (after recovering costs) and allowing say 100 million maintenance would generate 250 million net..with a PE of 10 this is a 10 bagger. Further plans to develop to 100k bopd.. and then there is the Triassic…

Does that not make it a new trade then (unless there is an equal sell reported later)?

I hope they are all in the pub celebrating 😊

I would think that if there is material news it will be RNS’d beforehand

It's tomorrow

Great question FS.. I would also be grateful if someone would kindly ask this

It’s a shame that you think the BB is should be reserved for happy clapping hubristic posts and that shareholders are not entitled to ask question the progress of the company. For some it is not possible to attend t he AGM and I certainly appreciate the factual reports from those that do.

AGM in a couple of days. In Annual report CB was clear that it funding for Juniors was difficult and detailed plans were being developed to tender/outsource Luansobe open pit. I find it disingenuous that we were led to believe that this would be operational by now. How could such statements be made when detailed plans had not been formulated? I am quite sceptical on Analytical's wishful assertion that this is all a ruse to tease out a sale. I hope we get an honest update with clarity on timelines.

On other assets, CB stated the receipt from Glenlivet sale would accelerate exploration so I hope we also get an update on all ongoing exploration. CB is Chairman and CEO not GLR plus commitment to other Co's - can he really bring the focus to deliver shareholder value in a timely manner? All credit to him for overseeing the acquiring of such potentially great assets and managing the cash position of the company (I acknowledge my mistake in forgetting about the Affirmat shares) but we need some return soon

Hope we some news on a definitive timeline for Luansobe . We are 6 months into a 10 year license on the open pit which was meant to be oven ready.

Wasn’t she advocating a £500K limit?

Why would you have to move AIM stocks out of an ISA?

Great thanks Datacheck

Has there been any mention of the 2nd Luamsobe license recently. As far as I am aware this was deferred until Oct 28th? It would be good to know if this s was key to unlocking the project

Ok..thanks for the clarification

But being picky was your choice of language after the last release..what did you mean by it?