Member Info for DelBoi

Took advantage of the ridicules dip here this afternoon , Jay should keep his head held high. He's a gentleman that's worked incredible hard over the years, it seem Lady Luck hasn't been on his side. Commiserations to LTH, I know the struggle ,but there is life in this old dog yet. We're completely oversold. Oil price is rallying, MC not reflecting true value here. Tomorrow is s new day. GLA

23 Feb 2018. "I am expecting the next few months to be an exciting time for the Company, and believe we are well placed to take advantage of the opportunities available to us. I am therefore looking forward to updating our shareholders on our progress over the coming weeks." Dr Steve S. "Opportunities" being the key word. Looks like connections in Sarawak are producing the goods. I fully expect UPL will take full advantage of the unique Malaysian opportunities presented. (referenced in the most recent presentation)

My god, if ever there was a time to release news, it�s now. technically primed for takeoff. Drop the Fuokihng drill bit AK.

My 3 buys showing as sells FWIW

Hallmark I�m with you, my initial reaction was that these funds would primarily be allocated for general overrun costs,ref Wick drill. Which might form part of the rational. But why announce now, circa 6 months from the Drill? When we currently have a healthy cash position. Wick is definitely promising, but I feel there is definitely something more strategic to this. Read SS final comments in the recent interim results. �I am expecting the next few months to be an exciting time for the company, and believe we are well placed to take advantage of the opportunities available to us. I am therefore looking forward to updating our shareholders on our progress over the coming weeks." Steve again compounded the Malaysian connection in his final statement yesterday, �it also serves to underline the commitment of our cornerstone shareholders to the company.� The crumbs are there IMO. Maybe I�m reading into it too much, but it all looks and sounds positive to me.

My perception of the loan agreement would lead me to believe that the available funds are to satisfy a business development obligation, without the need for immediate cash and subsequent dilution. By my calculations, working off the cash available, historic spending and a fully funded Wick programme, we should have funds to cover working capital for the best part of 12 months. IMO these past few months been a great demonstration on how to deploy sources of finance and I expect the timing is no coincidence.

Baron Oil presenting at the oil capital event 14th March. It will be interesting to hear an updated view from CEO Dr Malcolm Butler on the Wick prospect. "The prospect has been defined by 3D seismic mapping by Baron and others, possibility of early, low cost development" http://www.oilcapital.com/ Dr Malcolm Butler BSc, PhD, FGS, has more than 45 years' experience as a petroleum geologist.

Noticed unfortunately after, thanks BS

Thanks for sharing amnesic, goes to show how well regarded these guys are. It's a testament to UPL. There clearly influential characters that have contributed alot to there country.

Picked up another 25k sub 27.50. kill and fill. Sentiment at rock bottom here, People clearly losing patience = great time to buy. Spoke with Jessica last week, drill on track, developments around key infrastructure, production increasing and interviews being planned. As already mentioned, 25% below the latest institutional investor raise. If I can get another 50k, I'm fully loaded.

Worth a read for new investors, "The 2016 licensing round opened in October 2015, with nine blocks offered; four offshore Peninsular Malaysia, three onshore Sarawak and two offshore Sabah. The blocks have failed to attract interest as investor appetite is currently low and the package consists of acreage offered in prior rounds. In May 2016, PETRONAS announced an additional seven blocks offshore Peninsular Malaysia and Sarawak, to be offered in mini-rounds over six months. According to Wood Mackenzie, the blocks located offshore Sarawak in the Central Luconia carbonate reef play should attract the most interest but potential entrants are looking for new acreage and improved fiscal terms, which may be offered in the 2017 licensing round." https://thelawreviews.co.uk/edition/the-oil-and-gas-law-review-edition-4/1140335/malaysia

Looks like the bigger picture is taking shape!

http://petrobarometer.thecable.ng/2018/02/01/nigeria-niger-build-oil-refinery-tackle-smuggling/

I reached out to speak with the company last week but was advised of the busy meeting schedule. Lots of work on going. I revisited the numbers on Seplat Petroleum as a geographic comparison to Savannah Petroleum. I would be interested in hearing others views here, but from a debt, reserves, production output and prospectively outlook it certainly points to the intrinsic value in SAVP. SEPL current sitting on a market cap of £700 million.

Malcy covers (SAVP) https://www.**********.co.uk/?posttype=blogpost&p=110370

Buffy, I think sentiment has been crushed this past year. Radio silence from most of our familiar posters. It's been an emotional rollercoaster for most of us LTH. In my view, today marks an extremely positive turn in the road, not yet understood by the market. Spud dates next I suspect.

It's an independent video, shot by SAVP.

Yeah I did. I have it on now.

Buffy,,I'm pretty sure that what I watched was a video.

The link I posted, half way down the page. Seven energy acquisition.