Member Info for dai2belts

I guess there is the risk this placing sets the new trading range too, rather than moves back up to recent levels...

Seems a fair few posting could'nt take part in the WRAP offer, those in Ireland wher EOG have a licence, even IG did'nt participate and they are boasted as WRAP client

Yes, the early raise caught me out, the last drill showed a strong pump before the raise so I was gambling on breaking the recent high on new of the approvals which is fair to assume would be before raise, so I suspect that warning "going concern" was for real and why the raise is so far ahead... which suggest Wressle is just paying that ovesized, over paid BOD their wages.... Lucky the new CEO pulled of this JV

After PRD I doubt you believe your name is Nigel, if you want another on a totally different level, where you cant believe a word there is GEX

Not so sure about that, as the raise was about EG-08, without the raise this blue sky opportunity would be lost, so there was no need to add further incentives, so maybe it was more about using the current distraction to fog that message

0.62p, and you sold before placing so can buy back at a nice discount, so that smashes your average right down, nothing amateur about that ....

Its a relief, with that "going concern" mention in the raise update it seems like Fuhai did more than just JV but gave the company a lifeline by necessitating this raise,

Could mean the allocation has now be decided, so almost done, unless there was never a limit, and £350k a number selected so they could shout oversubscribed... AIM makes one so cynical

The warrants also provide some funding for EOG , at 1 for 4 could be another ~£1.5m

Maybe GP has got Only and wifes subscription ;)

Always negative, its also possible that they have increased the allocation to match demand

Why so many, if you dont understand how 10% profit increases portfolio cash with size there is no hope

You probably have two guys on CEO wages now, I doubt Jason took a pay cut, and a few other high flyers

I think you are wrong, you are one of the fellow creatures in the AIM game reserve, without you there would be no sport

QED, they also went from open offers to retail offers, suggesting if you missed out then it was down to your broker not participating

I see Barclays logo, but I get the impression bank brokers don't do retail offers....although I dont know that

I would have thought they would drop it to 1.2p to kick start buying and let people chase the increase each time momentum pauses, but it seems they prefer to play patience

Left a bit out

I believe end of year

At the moment they claim the funding is enough to see them to testing,

__Near News flow__

Retail offer outcome, and total funds raised(3.5m + RO)

GM approval

EG Gov JV approval

Fuhai Gov Approval to invest, China to allow currency out of country

Antler( EOG 49% Interest) to provide their $1.5m to drill

----------------

I believe end of year

At the moment they claim the funding is enough to see them to testing,

__Near News flow__

Retail offer outcome, and total funds raised(3.5m + RO)

GM approval

EG Gov JV approval

Fuhai Gov Approval to invest, China to allow currency out of country

----------------

Other stuff...

They stated without this funding the company may no longer be a going concern?????????

All while they are progressing Cloughton a gas appraisal, and there is Wressles production well developmemt of other formations(drilling) to fund sometime, so not sure how they could announce going concern worries with so much apparently happening... So with Cloughton planning application just put on hold by outside influences that leaves Wressle(30% interest) for which seem to move at dead snails pace... Cloughton they were looking for partner funding, Wressle possible production based funding .... And they recently sold 15% of their Wressle production on going forever for $500k which sounds desperate as that obviously lasted minutes based on GC warning

Other than that

The proceeds will extend the Company's cash runway to ensure that the Barracuda prospect is drilled and provide additional financial resources for the Company's ongoing working capital needs. Proceeds of around £1.5 million will be used to fund the Company's 42.9% share of funds required by Antler Global Limited ("Antler") to progress it's 40% interest in the EG-08 licence in Equatorial Guinea to drilling (expected to be in late 2026) and testing of the 893 BCF Barracuda prospect, and proceeds of around £2.0 million will provide general working capital to support working commitments on Europa's other licence interests.

Give them a call first, see what their phone support is like, and ask if you could buy the retail offer through them, and then decide if there is still time to complete registration and funding

I think its probably wrong..

ChatGPT initially said you need to hold the shares in the WRAP linked brokers account

Google, said you could use the likes of AJ. while shares sit in say Lloyds...

I fed this back to ChatGpt, which then agreed with Google..

I asked Google for the evidence, but I think it interpreted things wrong, producing RNS updates for retail offers including new and existing share holders...

Thanks for clearing that up..

Now Google AI , suggested the likes of AJBell would let people participate through them even if they hold eligible shares elsewhere.....