Member Info for cperkin

Hope you all have a good one, don't post much but enjoy drifting by now and again for a read.

Enjoy one and all!

Chris

Merry Christmas all, hope you enjoy the time with family, friends and loved ones and/or um calendars ;0)

Chris

Wishing you all a very Merry Christmas and time with family and friends.

Sums it up matherdj, O&G investment is at a stand still with $billons of investment on the line from the super Majors. The consolation for solo and aex being that the super majors have to wait for the PSA terms first according to the Gov and thus the release of the appraisal licence.

A licence will be issued on the area, the question is when and under what terms? The most recent MPSA is very Gov biased & negotiations are taking a long time to say the least.

You might be right matherdj but history is history and the old Board and management team are all gone, so little point harping on continuously about them. Additionally all the so called trapped VLTH who keep mentioning, 7 or 10 years ago all had the opportunity mid 2017 @17.5p equivalent to slice or leave on the NT-2 results.

You are right, the BOD have set out a strategy for 20,000 boepd within 5 years and thus that is what they will be measured on, all of which is a bonus to me anyway as I invested for the huge Ruvuma gas asset with the upside potential of oil as per the Geological model developed by the 5 Geologist from EAOG (East Africa Oil group)

Need that poxy appraisal licence to see what's down there and if the model is right or not. Still no PSA completion means no $30 billion investment by Exxon, Shell, Equinor etc so there is a lot more in play than just Ruvuma and the $100 odd million from the Zubairs.

Your dates and times are out aston and yes solo is suspended waiting on conclusion one way or the other for the current producing asset deal to close and es aim share go up and down, it is so sentiment driven after all.

But still it's got nothing to do with that has it aston, the point was that shareholders here might like to organise themselves to have a voice at the table.

Who knows what shareholders are doing behind the scenes Curious? It took about 2 weeks for the group I was involved in to get to 5% via names and shareholding being sent to an email address, it took another couple of weeks to get that to around 10%

Yes a little AIM company Curious. The thought of a shareholders group seems to upset you greatly? Anyway up to shareholders here not up to the non invested like you and me Curious.

Seen it work through personal experience with a shareholders action group Curious, so to label it naïve is, well naïve.

Anyway as per the original sentiment I wish them luck if that's the route they go down.

Curious, please read fully before responding next time, as ever your response is aggressive and a misinterpretation (being generous) of what was posted. I never said 3 holders own 5% even though they might do through various methods. The point is if they gain enough support then they can have their say and possibly improve the situation. Of course they could just sit and do nothing, but why would you if you are a holder?

It's more about the appointment of a new BOD Curious, several very recent examples around, CERP, SOLO, NUOG, each one a very different case from failed drilling through to a pure cash shell with no cash but debt. If Irish Mouse and others are organising themselves as substantial shareholders with more than 5% then I wish them the best of luck.

Merry Christmas Mousey. The shareholder action group at solo resulted ultimately in all the old BOD and management team leaving and a much heavier weight team in place, maybe the same can happen here?

No idea if this deal will close for holders, regardless it wont be the last one we see according to the BOD.

Well the BOD are underwater on their investment, If I remember right the first purchase was around £600,000 @ 3.5p by Jon Fits just after I sold up Stick. Clearly even at that price he saw upside value.

Don't expect we will hear anything more this year, hope for some positive news in the New year on the deal (s) and most of all I hope we get to see what the step out appraisal drill as well as the deeper Jurassic target finally yields, more gas or the Oil they have been searching for.

Well played GL, that's the way to do it :)

Drewky has not posted here since July yet the obsession continues, clearly a legend.

Still valid till the deal is either renegotiated or falls through Stick.

Have to wait and see if they are going to need that 20 mill Stick.

$40 million valuation with a licence and the CH-1 drill underway is going to look very cheap I expect.

All depends if you believe the licence will drop or not and then of course when.

Like you say AA, could have been much worse. I think the new BOD & team thus far have done exactly as they said they would, the only disappointment for me is the time the Tanz Gov are taking over this PSA review. I invested here for Ruvuma and it has already been discovered and appraised and the one Dyas and any other deal the bod get over the line is a massive bonus.

Lets see what 2020 brings, all to lose and all to win. Well it is AIM after all and the very low mcap of AIM at that.