Member Info for CrustyPete

Yes I can sell anything up to and including 10 million for 0.3536p. I cant test a larger tranche than that as 10m is the most I have in any one account.

I would agree violindog, whilst also accepting that the BoD has to make adequate provision for "going it alone", if only to keep any potential negotiating partners "honest". Otherwise a partnership could prove more costly for shareholders than self funding.....

The pipeline will not be ready to take any gas until sometime in Q3 and at the AGM they suggested September. So test NT2 gas initially and ARA can still drill CH1 in August/September to coincide with the completion of that test and get gas in the pipeline within weeks of the pipeline being commissioned.

As was stated at the previous AGM there is no desire on the part of ARA or AEX to drill CH1 and have gas available if it cannot plug it immediately into the pipeline - temporarily shutting off that gas involves additional cost and risk that is best avoided. So in my opinion they were never going to have CH1 drilled until the pipeline was available and that can be easily achieved with the M&P rig. Accelerating the drill programme was far more a priority when the pipeline was due for initiation and completion long before Q3 next year but, I believe, the BoDs of ARA and AEX never had any confidence in that happening.

But enough from me I have an appt with my GP. Bye for now!

They may ask for ARA to embark on a process but there is no guarantee that the process will achieve a better result! They may wish to accelerate the drill date but there is no guarantee that it is doable - M&P drill may be the best possible outcome!

The M&P drills will offer an Orca replacement too don't forget.

You are assuming that there is an alternative, suitable rig that can be accessed and delivered any sooner, which is not a given; moreover as was mentioned at the AGM, having a tender ensures that they keep M&P's feet to the fire - of they did not have a tender M&P would be the only game in town and able to command their own price.

To your point Ufufuo. I agree, if they can get a suitable rig on site sooner and at the same or better price I am sure they will - but I simply doubt that was ever likely and especially now, as that tender process has yet even to be concluded. But yes, I emphasise yet again, that is only my opinion.

Agreed win on that front.

Pedantic I know but, unless something has changed (no indication that it has) CH1 is still planned to be the second well to bring online. My assertion, as it has ever has been, that will be in Q3 and using M&P's rig - just my opinion though.

Re Blue Star, do consider that this particular fund raise may or may not have anything to do with Galactica - BLN also have to develop other assets.

Yes okay but NT3 was renamed C11 when it was decided to drill deeper into the deeper (Jurassic?) targets (it became an exploration well rather than an appraisal well). Now it is not expected to drill those deeper layers and hence technically reverts to being the original appraisal drill.

Moreover back the the salient point - there are only three drills, not 4 - ARA are not drilling NT1, NT2, NT3 and CH1.....

"We have enough to purchase the 50% for the Galactica project...." Really McNol? I would suggest that now being so close to production and after all the work that has been done, if I were the seller, the "price" for the remaining 50% would now be significantly higher than the first. I certainly would not be looking to honour any existing agreement.

CH1 is the same well as NT3!!

It is certainly good to get an update before Christmas and nothing there to scare the horses - much as many of us would have anticipated methinks.

Well unless anything has changed Watchouse NT1 was always planned to follow CH1 (now back to NT3 it seems?). And whilst, watchouse, you now reckon, CH1 / NT3 spud not, now, until after pipeline completion, you may recall that that has always been my assertion - though with a subtle difference; not spud but TD and analysis - Q3 spud.

My bigger question relates to Kiliwani. Great news that we will now longer be selling it off but retaining our "operatorship" (as I have always contented) but Vike highlights yesterday that TPDC and PURA have approved a Kiliwani work programme for 2026 so, now we know that AEX wont have any income from Ntorya until Q4, where is the capital coming from to advance that work programme? Back to our usual benefactors for a loan or back cap in hand to shareholders?

It would be good to get some clarity.

"will prove up its resource next year as this almost certainly won't happen." Really? I would suggest that it is a certainty - the only question is what exactly scale that "resource" will prove to be?

Sorry WTP only just seen your post. Yes indeed I am invested, as is my wife; maybe not as large an investment as many here but my largest AIM / Small Cap Holding with circa £90k invested and just over 800k shares.

More of the same on Linkedin:

https://www.linkedin.com/company/trinity-delta/posts/?feedView=all

The very same for me Onejohn.

10 out of 10 for your prediction for 9th Dec EE and positive trial figures as anticipated. It will be interesting to see what this news does to the sp in the absence of any definitive news on "financing".

Well in the absence of any "commercial" news I hope you are both right.

I suspect that it is more the expectation of forthcoming news on JV's / partnerships or other financial backing that is driving the interest; we have had innumerable trial updates in the past that, in and of themselves have done little to nothing for the sp. We can only hope this is not true on this occasion or, that we can look forward to the trials results will being issued with some "commercial" news alongside.

That may well be true EE but cannot be guaranteed - the MM's , if indeed they even saw the shares (they may have been bought and sold off market) may well be long but responding to the buying to optimise their margin. They can always bring the sp back down again if the buyers dry up. Besides which, those brokers that you refer to will have been sitting on those shares for a bloody long time to wash through 3 - 4 million shares.

And thank you but I know very well how the markets "work".

We''l need a lot more buying to soak that lot up. Argh!!