Member Info for cperkin

Oh well that's 20 million times better than your £0 valuation last week Dan, well done.

Actually when the AEX Zubair deal was offered, their was no funding in place for the asset, AEX were skint and their was no licence in place.

Now there is a 2 year extension licence in place, the asset is 75% funded for full field development and the resources have been increased significantly. So clearly worth more now than when the AEX/ARA deal was proposed.

There are certainly some wide ranging expectations. We have seen $0 from one poster to $100 million from the same poster when he was with NR. PI's seem to be ranging from $20 million to $60 million. Some prefer a complete sale, some no sale and some a partial sale.

Personally I don't expect more in the current market than around $25 million for complete the sale of both assets but hope I am wrong :)

No Aj, I never said they BOD had sold any shares + I am talking about investment with their own money not shares for salary. For example JF spent around £600,000 of his own money buying shares in the company (Not salary shares) although he is no longer a director as of earlier this year.

Anyway, it's all about delivery, I have no issue with share options for performance and delivery. It's the delivery that has yet to appear in any way here and I don't mean some reported flow rate after remediation, we need sustained production from this well not it flows 500 boepd on EWT and then 3 months later a dribble.

The difference being that directors there bought substantial shares with their own money as well AJ + they are not converting them every 5 mins and selling them in the open market as BLOE employees are at a time when the SP has already been crucified.

SCIR BOD seem to be on the road to recovery through delivery, unfortunately thus far we only see the opposite here with more value destruction YTD.

Been working those fake UT's hard here today.

True Chesh, as long as the other 7.4% are not let go, in saying that surely the directors wont sell?

Oh dear, not good as more confetti hits shareholders before the well clean up as employees cash in.

Dan, you seem to have an extremely short memory. It was you that posted the abuse this morning and you still decline to answer my question and or man up and apologise.

Perky now also throwing out some wild and misleading numbers.

Which of the 3 numbers posted are wild and misleading please, the numbers are,
17.5p intra day
10 times increase in resources post NT2 drill
$8.3 million total owed in past gas sales.

Dan I never ever said that SCIR will be worth 17 X the current mcap, stop making stuff up Yet again! FFS here is the post again.

Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.

I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?

Here is your response.
Perky now also throwing out some wild and misleading numbers.

Which of the 3 numbers posted are wild and misleading please, the numbers are,
17.5p intra day
10 times increase in resources post NT2 drill
$8.3 million total owed in past gas sales.

Dan, you said my numbers were wrong, now you are saying they are right but you don't like them. I was pointing out the history not making any forecast on future prices as you now seem to be suggesting with your latest attempt to pull the wool over people eyes.

The numbers are
17.5p intra day
10 times increase in resources post NT2 drill
$8.3 million total owed in past gas sales.

Again, which numbers are wrong in my post?

We need a positive Well result.

No reply then Dan to your accusation that my numbers below were wrong?

Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.

I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?

Actually the intra day hit 17.5p post consolidation equivalent as per my post .
Still waiting for you to point out where my numbers are wrong Dan, unless you and NR lied in an RNS that is?

Really Dan, show me which of those numbers are not documented and true?

Looking forward to your expert analysis.

Morning all, BD is about right it hit 17.5p at the time on a hugely successful appraisal well that increased resources 10 fold and at the time the expectation was they would dive straight into the next well (back to back) then NT3 now called CH1 with a larger increase in resources expected.
A part sale would be perfect for long termers, however I think the BOD have made it clear that they are looking to sell all of the Tanzanian Hydrocarbon assets in both Ruvuma and Kiliwani.

I still don't understand how anyone will buy Kiliwani without the tax dispute and $8.3 million owed for previous gas sales being settled, so will we see a resolution at the same time and payment?

Evening steve, best time for a buyer in the last 5 years that's for sure, maybe even 10.

2 year licence. 25% of 3TCF GiiP almost 2TCF recoverable (p50) 763BCF 2C + a few BCF for Kiliwani (Production licence to 2036 & GSA in place) and the $600,000 owed in gas already supplied.

Both SCIR and WEN up again, we matched yesterday but WEN is further ahead today.

What you mean like when you were CEO Dan? lmfao.....

You can try mailing the BOD but they made it clear in the interview that you will not know the details till you see the charges on the balance sheet and the charges are dependent on what is delivered as it's commercially sensitive info.

Best of luck and let us know if you find anything please.

I think any dream of a special divi probably died when NR left steve. If Gneiss do manage to sell Ruvuma and Kiliwani as a single bundle of gas assets then we must be talking in excess of $20 million and post costs and fees it seems the BOD already have a large pipeline of deals identified to spend it on.

I notice WEN have publicly stated again this week that they are looking for investments in Tanzania.
See page 31 "The current focus remains in Tanzania in the hunt for assets to acquire"

https://twitter.com/WenResources/status/1447486352765898754