Member Info for cperkin

Hi Phillo SCIR still own their % it has not been disposed off. According to Crusty at the AEX AGM, remediation is off the table and there are no plans to work on Killi for the immediate future.

Exactly matherdj and additionally the deal structure is set up so that most of the $16 million only appears after production, ie SCIR shareholders are exposed to all the risks he mentions but with ZERO, NADA upside.

Illogical.

Sorry to hear about your accident that happened within the last hour that now prevents you from even attending to your work commitments Mrc, never mind the conf call.......

Get well soon won't you.

Never stopped you posting incessantly de-ramping this share for the last 3 years but every time it comes to a conf call, guess what you can't make it due to work commitments

Spin us another one mrc, although I could accept you are busy working on a placing for your Hydrogen numpty company right now, must be all out of cash soon with your untested & un patented windmill story.

Shareholder Presentation and Q&A Session Thursday 16th June 3:00pm BST

Tom Reynolds will provide a live presentation and host a Q&A session relating to the Proposed Transaction via the Investor Meet Company platform at 3:00pm BST on Thursday 16th June.

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free via the following link:

https://www.investormeetcompany.com/scirocco-energy-plc/register-investor

Well played BD, posted up your header post o ADVFN, might bring in a few more.

https://twitter.com/WenResources/status/1537084758211035136

Yes so and they sold it, sale or fund.

Would help if you could read Mrc, maybe too much for the old Aussie eyes m8

DM me on twitter and I will give you the full answer on that one davey, you might be surprised.

Anyway, seems I was right all along about it being WEN that would be the most interested and the employment of Aron was the nugget as I expected. What I did not expect was such a poor deal, not so much in the total value but the terms.

Another post that Mrc went to great pains and lengths at the time to shut down.

Could be yet another massive miss of a prediction mrc to add to sell HE1 for 7p, SCIR are likely to relinquish the asset Hand it over for free) etc etc....lets see

Nice to see the Tanz Gov signing an MOU with the Omani's today ref all things Oil and gas

In terms of Ruvuma, the Zubair corp through ARA Petroleum (Notice the name) are chucking in around $120 million into the assets development. If this is not an indicator of the potential upside of the asset then I guess some people will never be convinced until it is producing 140 million scuffs per day.

I think WEN have played a blinder here and got themselves a cracking deal, in fact probably better in terms of risk profile than the Omani's have manged with their 50% farm in to the AEX holding.

Nothing of course is certain till the drill bit has done it's talking, but the asset appears to be very gas rich, regardless of the Mike Rego oil scenarios.

Well done WEN holders (providing the deal completes)

Funded and natural gas and energy prices are high.

No more need be said

They will take a % but nothing like you suggest of course SVS.

Even if Gneiss had structured the deal so that they are paid in the same proportional way as the Ruvuma deal is set up, it would have been something but you can bet your bottom dollar (if you have one left) that they will be paid in full whilst shareholders have to wait years to see the full $16 million come in to the kitty, whilst WEN shareholders will of course get all the upside or as they say they have got in cheap at the right time on the "Creaming Curve"

The issue with AD is that they will need around 100 plants to produce the same earnings as Ruvuma is forecast on full production and if they buy those AD plants now, it will be at or around the top of the Energy market.

Should have stuck with the asset that most invested here for or at least a proportion in terms of a carry.

Agreed 44, I expect that we will see some volume and recovery based on the chatter in fintwit as the cash position on completion alone will be almost as much as the mcap and then there is still the Half million or so HE1 shares and as you say the EBITA positive AD business. Kiliwani is left hanging out there, I did think that it might be included in any deal even though the current value is marginal.

Lets see what the market decides, certainly not good for LTH's short term.

GLA

Someone has been posting almost daily for months that the asset would be relinquished (given away for free) in fact they have just machine gun posted every possible ultra negative possible outcome for months and then claim they are right every time any one of them comes anywhere near.

Might fool the gullible I suppose.

“The President of the United Republic of Tanzania Hon. Samia Suluhu Hassan witnessing the Minister of Energy January Makamba signing a Memorandum of Understanding on Oil and Gas between the Government of Tanzania and Oman through the Ministry of Energy and Minerals.”

https://twitter.com/Nishati2017/status/1536483834161659904

Email sent to them BD.

+1 EB, great for WEN holders!

See what the WEN BOD think and make note of the "Creaming Curve" on pg 7

https://wp-wentworth-2020.s3.eu-west-2.amazonaws.com/media/2022/06/Proposed-Ruvuma-Acquisition-Presentation.pdf

https://twitter.com/Scirocco_Energy