Member Info for Buffin

There's only one MM on 3p, then there's one on 2.8p. If this sticks, CEG will be getting fewer shares than they might have hoped for.

Yes, Rob, it's good to focus on the silence of the directors. They are tying their reputations to a company with a plummeting share price, which CAN'T be what they expected when they signed up. Do they have ANY curiosity about that at all? So far we have the silence of the lambkins.

If we're talking about twitter, GH was clear that he was angry about the seismic, but only acotyyyyy & I seem concerned?

Acottyyyyy: Exactly! Add to that GH's statement that he (GH) was angry about the seismic, i.e. technical competence. Potentially far more serious.

Interesting that GH is saying he (GH) was angry about the seismic interpretation. Possibly more serious than the Lonny spat.

Really?

"We are fully-funded to perforate the "low hanging fruit" that the shallow higher pressure gas in MOU-3 always represented. Two years ago the market was focussed on high impact materiality. Today cash flow generation and conserving existing cash resources is the critical medium term strategy for 2025, even if it is unspectacular, until the market re-adjusts to a more stable footing and the farmout potential of the MOU-5 structure can be realised."

and "Farmout marketing from July 2025 after completion of the MOU-3 shallow testing programme."

"Two years ago the market was focussed on high impact materiality. Today cash flow generation and conserving existing cash resources is the critical medium term strategy for 2025, even if it is unspectacular...".

In October PG said

"People also often forget Trinidad in our context but I always make a strong point that Trinidad is our safety net. And the reason why I say that is that we’ve created a position in Trinidad where we can develop a cash flow relatively quickly. So we’ve been working in the last 6 weeks to basically start executing oil deliveries certainly before the end of the year if not by the end of November. "

I want it to happen but I'll believe it when I see it.

These evidently placed articles, just after PG's PR told us only to take notice of RNS's! Great geologist but inept communicator.

PG is touted as an outstanding geologist, but in his shareholder relations he is proving inept. Over-promoted?

I had wondered if there was no "objective", that the RNS had just been issued because there had been a leak. However, I see that "CEO Paul Griffiths called the results a “game-changer” and is confident the findings will attract new investment".

https://www.proactiveinvestors.co.uk/companies/news/1068051/accesso-technology-group-hires-new-coo-1068051.html

"BUYING!

MOU 5 rns just derisked the seal and the updip considerably.

Farminees will be queueing up to get involved with this Jurassic play!

SP all underpinned by shallow overpressure in MOU 3, wax workover/s in Trinidad & Corrib South SA.

3-4p 🤣

Incredible."

"As I just said via PM...

The interest in a deal will be increased ...now intense

I do wonder about previously signed CAs

IE First dibs

X2"

Really interesting, Keith:

1. We might have expected PG to talk about a possible US quote. But no, Morocco.

2. It's not just PG, it's also SOU.

So there's an appetite among Moroccan investors (or PG & SOU think there may be) to buy into (potential) local producers. Which would do the companies no harm with the authorities.

At the very least this tickle should go down well in Morocco.

They suggest it might be a dual quote.

Or it might not.

Thanks for flagging this. Well worth watching.

Pareto, thanks. So at 3.9 PH would be taking a loss. What a shame.

Refresh my memory. What would PH have paid for the placing shares?

Keith, thank you for your continuing patience. Much appreciated :)

Pareto, I have no idea if it’s naked short selling or not. Just wondering.

mEM, point taken. Keith has suggested elsewhere “expect RNS of results w/c 17th March”. That’s not long.

As to MMs giving online quotes to sell lots of shares, I have no clue what that means. Why would I want to sell lots of shares at this stage? I’m not geared, and I could afford to lose the lot. (But I don’t think I will.)

Suppose I was a trader (or a group of traders) who’d built up a short position. I’d want to close (at least most of) it before any favourable smoke signals from MOU5. I might have one last go at pushing the share price down before I started to close my position.

What would be my risks?

Not T&T, where any immediate news probably wouldn’t be significant enough to jolt the share price upwards.

Thanks to the vigilant Ireland watchers here, we can see that the Irish wild card could be played at any time. Might bring some new players in, especially if we were going to get a cash payment. Ouch!

Rumours might start to emerge from MOU5 before any official announcement which might start to make a big short look increasingly risky.

Finally, if PG had positive news on MOU5, he might try to catch the shorters by releasing it as it arose, rather than waiting as his RNS had said. This could be a real bear trap and could cost exposed shorters a lot of money.

I’m not a clever trader, so I’m just going to hold my shares and wait. But if I’m getting anything badly wrong here, I’d appreciate being told! Porters1? Anyone?

Keith posted on LSE

A list of all the projects

Most are independent of each other

Folk might want to calculate

The 'probability' of none succeeding 😇

Math is important‼️