Member Info for cperkin

Hi Bez, hope all is well.

Current cash position unknown although $1 million available from recent prolific conversion.
$3 million still available from the Prolific basin arrangement.
HE-1 shares worth around £500,000 at todays price ( I wonder if they will sell soon?)
Gneiss were appointed last October to begin the sale process of both Ruvuma and Kiliwani (Estimate £15 to £20 million cash offer range.)
3D seismic in progress, second phase dependent on the end of the rains followed by drilling of Ch1 in H2 2022 (If SCIR still own it and it's not sold.)

Best of luck.

lol Dan, a man at the top of his bean counter profession like yourself should know how money is raised although Gneiss did over £210 million V your £4 million in the same period, so they clearly have a much better grasp on such things.

Could 10 bag on the drill from this mcap.

Didn't think it would take long for the troll post, hey ho, was a simple test.

Need to see some progress/plan for Kiliwani now the tax dispute is resolved?

Well here we are in Jan 2022, I think I would be more interested in the drill now it is getting closer, much better returns available.

GLA

Hi Aged, just to add that the game changer for onshore/nearshore is the proposed Uganda and Kenya export gas pipelines along with the HV SADAC power grid. Both of these are game changers if completed. One is direct export gas sales (TPDC forecast 1BCF per day) and the other Gas to power export.

Gneiss brokered over £210 million in deals over the last 2 years.

Leave the financing to the big boys that know what they are doing Dan.

Deal or drill....They will convert toot sweet on a deal...before or after RNS?

BOD have been very clear sell the asset or they will fund it to production.

Any other comment is probably just bull in the hope to scare you.

HNY all and roll on the sale or drill :)

HNY all.

Multi-bag potential come CH1 spud....

Hi Troj, he paid a brief visit just before Christmas but is just sick of the resident troll.

HNY m8

Merry Christmas Dan, well we all know the answer to that fund the next stage, rest of 3D and drill. I would expect that if no sale confirmed before end of Q1 then they will need to have funding ready for end Q2/Q3, ignoring the $millions left from the prolific arrangement.

I agree it's sell or drill and the later needs serious funding for a Q3 or maybe 4 drill

I expect a sale early 2022, seems some potential suitors have now placed their house in order in preparation for conclusion.

Watch out for false bull about new year funding though from the unscrupulous.

Wishing you all a wonderful, safe happy and healthy break.

Roll on CH1

Hope you all have a wonderful Christmas, safe and well.

@Dan, I thought it would be better to make my donation to the Salvation army early so they have the cash in hand for Christmas day. Where would you like me to email the receipt? I made a donation of £116.90 covering their expenses and received a nice automated email from Lieut-Colonel Dean Pallant :)

Hi AA, hope all is well & a very Merry Christmas to you and yours.

Looks like they launched the Share buy back to support the SP as the likes of AXA exit O&G post cop26.

Yes steve but there is the problem, no Ruvuma and KND sale = no further significant delivery of the BODS strategy.

Understand you are obsessed, don't make a mess over your keyboard :0)