Member Info for cperkin

Evening steve, yes quite a decent shake today. Clearly the only way the BOD can justify current Gneiss fees and deliver their strategy is to sell Ruvuma.

Well I look forward to the concession then Dan as will most shareholders (even if you wont put your money where your mouth is) and it is not worth $0 clearly, unless you have some inside information on the "Commercial negotiations" and that's what has been offered ;0)

Dan, I care and BD and I have been extremely clear with the BOD how shareholders feel but I just can't take anything you say seriously, "Malcy is a paid ramper"(sic) "sell HE1 at 7p", sold at 21p, "Ruvuma is worth $0" It's worth at least $20 million "No one is interested" But now the bod are in commercial negotiations regards a sale.

You just make numbers and quotes up when it suits you, so unfortunately it's not worth looking into and wasting time on your numbers, the real numbers are all published in the accounts.

Yes Dan, that was the situation back then 2018, well done, keep spending your time looking. I make that only around 21,457 posts to still troll through ;0)

Who said entertainment was dead.

"The clowns have been sent in so that is a buy signal for me."

PMSL

Well it looks like the BOD are going to miss their own target "Spudding the well is expected during early December 2021" Still only a week or so late so not so terrible. It worries me that they won't have enough cash to get them through to results if they are not till mid Feb?

As recently reported FID expected early next year for the LNG

You hacked the wrong account Caddy, tut.

lol kicked out

No wonder he got licked out, what a deal maker you are Dan ;0)

FFS Frank, the Seismic total cost is around $2 million of which they have probably paid the best part of half. They also still have millions available from the Prolific basins arrangement.

Relax and let them get on with the sale process...

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Well Dan, to describe CH-1 as a routine development well, either demonstrates ignorance or much worse.

It is by far the biggest drill on the licence area so far, not only appraising one Geological layer but a second deeper 2D signature in the Jurassic which as your old mucker mr $100 million for Ruvuma said, "May also contain Oil" yes the oil they have been looking for since the Tullow JV west and up dip.

DYOR.

I think you are confusing near term and long term, CH-1 drilling 2022 V Full Field development, the latter of which has a price tag in the region of $28 million.

I do think however if they do not sell Ruvuma before the CH-1 drill then they will find it increasingly difficult to sell for either of the two reasons below.

1.0 The drill is a duster and no one will be interested in buying (Most unlikely considering the appraisal COS)
2.0 The drill is a success, maybe even both geological targets, putting the value of the asset out of the reach of anyone other than the Zubairs and the Majors.

As for funding, the BOD seem very confident in providing funding, at least in the near term (CH1 drill)

Dan I do wish you would keep up to date, there is a significant difference between "Discussions" and "Commercial negotiations"

I thought we were discussing the company Dan, or rather some of your fantastical claims around them at least. Anyway, the bet is linked to the future of the company and I wanted to test your conviction or rather lack of V your own words posted.

Fitz, haha, you have met me as have many posters on these boards Dan so we all know you have drifted into deflection fantasy on that one.

To be fair to Mick, he was very positive in regard to the news on Energy shortages and what that should mean for WENS gas sales this quarter.

I agree that this company needs some drilling and development upside beyond depleting gas reserves whilst increasing cash reserves, that cash would be better being put to good use.

lol Dan in your dreams, guess that would feel like payback for you and maybe you could move on ref Big doubles analysis.

Anyway, still not willing to put your money where your mouth is Dan ref the bet for charity and your quite frankly ridiculous assertion that Ruvuma will be given away for free?

Well I guess you are saying that Neil Ritson and Dan Maling are not to be trusted with the new companies in Helium and Hydrogen they are fronting then Dan.

I do believe that Neil Ritson is on record as claiming SCIRS 25% valuation is $100 million, although that was before the recent huge hike in resources that the Operator has assigned.