Member Info for cperkin

Says the poster with the highest post count on this BB :) & I love cleaning up dirty things Mrc

Here is what you said
"As you describe it, the “asset” will be “given away” due to lack of funds required to meet work programme obligations."

So I paraphrased "
"Will we see if Mrc has called "impossible to fund a gas appraisal well on AIM" in this climate correctly?"

Seems about the same to me, at least contextually.

Anyway gtg, will look in tomorrow some time Mrc.

& It's still due,

Will we see if Mrc has called "impossible to fund a gas appraisal well on AIM" in this climate correctly?

Hopefully sooner rather than later for shareholders at least.

Just asking for an answer to a simple question that has yet again been avoided, you are as bad as the BOD for kicking the can down the road :0)

Well I will have to guess you mean before year end, or maybe next week then Mrc.

Not Psyco killer AA :) but definitely from the same Album.

Thanks Dan but you "simply" seem to be avoiding the question. You said the other day that the date had probably been brought forward for the big giveaway, so I asked you when that would be. I have asked the same now several times but you seem to be avoiding the question with another side shuffle, don't want to suggest you are like a character from a Talking Heads song, but it is looking rather like that's the case.

Let me clarify.

So you said the Big giveaway will be before any drilling, the Operator says that's November 2022, you say summer 2023 for the drill. So is the big giveaway before 2023 in your humble opinion?

Oh sorry but you said "I think pre drill relinquishment now." The operator says the drill is due in November 2022. Anyway let me amend my sentence for you.

You believe that the asset will be given away for free before the CH1 drill, currently planned for November 2022.

Correct?

Thanks Mrc, so you believe that 25% of 3 trillion feet of gas will be given away for free before November 2022 after the company spending approx $15 million on 2 drills with a successful discovery and Appraisal.

Got it, guess that will make it the first ever appraisal drill on AIM that can't be financed then....Market loves a drill and this drill looks like a cracker.

His stance is that the asset will be given away for free and that date has been brought forward joeltg, if you believe that is "realistic" then fair enough.

I do agree in terms of the realms of possibility and have posted the same this week, but I don't think it's probable before CH1 is drilled.

It seems I have a different opinion of Realistic as in probable that's all joeltg

Well Joelt, Mrc is the highest count and most regular poster on this board and has been for sometime now and as for a positive post about the BOD, I can't remember the last time anyone posted anything positive about them, perhaps you can enlighten us all?

However If you believe as is seems & as mrc does that the asset will be given away for free and as he posted he believes that date has now been brought forward, then you are welcome to that opinion of course clucking Turkeys and all.

We have all posted that we are waiting the Op's update and hopefully a resolution to the sale or fund and drill. I have no more idea than anyone else what that outcome will be, just as we knew nothing about the Zubair/AEX deal until it was announced. The BOD said they would update mid to end April, I think it's reasonable to expect we will get some update before the week is out.

I think we have all been saying exactly that for months now Frank, with the exception of Mrc that isand his new friend he reckons the asset will be given away for free, just waiting for him to confirm his latest predicted date?

Might need a long straw to suck all that black stuff up...

Oh and feel comfortable to stick with your previous date if you are not confident with it being brought forward.

You said in your post Mrc "could come earlier than I expected" implying that you already had a date but now believe it has been brought forward?

So what's the new date?

No but there is a sliding scale bonus, the more they get for the asset the bigger the reward Gneiss get.

Come on then Mrc what's your earliest relinquishment date guess, I want to add it to your list, Sell HE1 at 7p, No spud till Summer 2023 and now relinquishment might as well call it 3/3 wrong :)

For one the Quarterly operations update but the market is really waiting for sale or funding for Ruvuma and with a spud month set we need to see both.

Market waits.........

Used to be SOLO oil Newdealz

A war chest I am sure shareholders dream of such a thing SVS, alas no sign of that in the complete history of this company or its predecessor!

We are due a quarterly update any day now & I think more importantly, is where are they with the sale and or funding for Ruvuma, that's what the market is waiting for surely?

As for the modest £1.2 million investment in AD, it is surpassing original forecasted returns but needs to be scaled by around a factor of 10 to match Forecasted Ruvuma EPS production earnings, never mind FFD

Yep I agree and I am sure fees outstrip earnings YTD!

Did you miss the last com's? They said they were forecasting a significant increase in the original earnings and that they would update the market on operations every quarter. Despite everything they may or may not have done so far they have been true to their word on this at least.

"In Q4 2021 the revenue received for the quarter by GGL totalled £300,352 (unaudited) supported by high power prices through the period. This compares to the same period in 2020 where revenue was £232,968 (unaudited). At current power price levels EBITDA for the first 12 months of EAG ownership is estimated to exceed £600,000 rather than the £470,000 guidance previously issued."

Last we were told they were pouring the money back into the AD to increase efficiency and power production. They must be making a killing on the variable rate portion of the Electricity generation at current prices if the case.

About time for that update, tomorrow or next week at the latest...