Member Info for dellfrog

What a load of con men are the mms. Lots of buys with a newoilldiscovery and sweet. Nowt in the lprice. I am now convinced Aim is uncontrolled and no wonder pisare disappearing. This should be investigated! Best wishes dellfrog

So how is it Toronto shops 88p equivalent and LSE 74p - someone is playing games! 19% difference? And we cant sell ECO shares there. Why arent Toronto shareholders flogging and buying in UK? What is happening to Exxon results for hammerhead?
thanks all dellfrog

I see RRE say the maximum price paid for IOG shares they sold today was 21p- does that mean they have to buy the rest at 21p under a takeover offer? RRE are pushing their luck in trying to get confidential information just because they want to buy the debt . Maybe there are other companies that would like that info too so they could bid.

So according to you if your pal lent you money who colluded or borrowed from a crook then you are guilty by association
All I can say is thank god the law does not support you.Yu miss the whole point wjhich is LCF WERE NOT BACKERS Of IOG they were lenders to LOG who then were lenders IOG . There is no contract between LCF and IOG. Just as there is no contract between you and your pals crooked lender!!
The point of my posting is that Energy Voice are misleading the public by bringing IOG into the headline and stating that LCF were a backer of IOG which they were not. Its fake news with a nasty intent of getting IOG a bad name .
Your backing of such behaviour has deramping effect too so perhaps you are a troll as you sure sound like one.
If you read the posts you will know that IOGs assets are wiorth a vast number of times the debts and they still have cash to repay the £3 million interest due and can still borrow £7 million more under the deal with LOG.

Edgar 222 - how can you possibly recommend us remaining with such a band of undemocratic crooks whose expenses we are not allowed to see who blackmail us and frankly waste money no end like the £160 million to move EU headquarters once a year with accounts unapproved for many many years withy billions missing! We do not need the EU as much as they need us.! juts look how poor Greece , Spain , Portugal have become. The so called 4 million signings ios also a big lie with thousands upon thousands of bogus signatures and of course with that BIAS BROADCASTING COMPANY THAT SHOULD BE CLOSED DOWN UNLESS IT PAYS ITS OWN way

Energy Voice is a disgrace printing such slanderous headlines . LCf are not backers of IOG LOG are.
So the headline itself is a lie to try and associate IOG with the 4 poeple at LCF. . I have sent complaint to IPSO.
Is Energy voice trying to hit IOGs SP ?

HI
The page below is inaccurate as it headline says SFO opens investigation into IOG backer.

https://www.energyvoice.com/other-news/195095/serious-fraud-office-opens-investigation-into-iog-backer/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Saturday%20Personalised%20Round%20Up%202019-03-23&utm_term=Energy%20Voice%20-%20Newsletter

There is no investment by LCF directly to IOG. LCF loaned money to LOG who then invseted into IOG.
There is no contract between IOG and LCF.
LCF have no financial investment in IOG
The whole page suggests that IOG are somehow involved with LCF and the four people being investigated
there by the SFO
This is a deliberate attempt to scaremonger investors in IOG just like that ****** Tom Winnithrift at Share prophets.
It is wrong to allow such suggested links that are completely untrue and slanderous to the standing of
IOG.

HI Phoebus - many thanks for your help and you are right. The Africa OIl bit was t5hat I have tried to get help in valuing its assets against its share price. It sits at $ Canadian 1.08 . When I look at the fact it has 30% of Impact Oil, 34.6% of Africa energy, 19% of Eco., 49% of Main Street which has 10% interest in Block 11B/12B ( with recent discovery),had cash as at last November of 380m, has 12.5% of producing fields in Nigeria with ?Vitol, 25% interest in Blocks 10BB and 13T in kenya , oil in ground kenya, lots of exploration Blocks Africa , etc . Yet its share price appears so low and as if it is deliberately kept that way. The cross holdings of shares and interests amongst these companies is quite intriguing.. Keith Hill sits on all the boards and seems to be building investments worth far more than AOPI price- but again maybe I am wrong. However it does not seem a share to invest in as it seems so price controlled somehow? Any advice or help to unravel would be great . Many Thanks dellfrog

HI Phoebus - Thanks for that. II gives market cap as £8.83 million not £11 and 2.6% of II ECO market cap gave £154 million = £4 million. Add £2,5 million as per you other valuations assuming correct share numbers which = £6.5 million.
So either II figures are wrong or out of date which is worrying. Thanks for you response appreciated. Would you kindly do me a favour and do the same for Africa OIl as 1.07 $canada seems ridiculous but I cant get an answer. .
many thanks Dellfrog

Hi Again - Forgot to mention they hold Ratio OIl too!

I see that Westmount Energy- WTE bought 2.6% of Eco in 2017 at 16 p a share which makes their holding now worth nearly £4 mjillion. They also have a big holding in JHI a private company that has a big interest in another Guyana Block . WTE is only market cap of £8+ million so looks a good bet. They also have interest in Argos in Falklands. DYOR but IMO worth a look.

Hi Dunderhead- I agree 100% that LCF should be hammered for what they did. Winnithrifth cannot make any money out of them nor LOG so because IOG borrowed from LOG he drags IOG int as if they are guilty in some way with LCF behaviour. When you say get a grip its the Authorities who need to do so .IOG did nothing wrong borrowing as they did ,
They borrowed what they needed at the time and there were no facilities for it to have to be repaid earlier unless they defaulted on repayment terms. IOGs price crashed because of Share Prophets dragging IOG into the scene . and mud sticks ! Sure you can criticise management but lets face it do you really believe they delayed funding at the end of last year due to market circumstances or were they aware of the FCA investigation even back then?
Why do you think we are to blame for investing in IOG - it was a good solid investment and still is thats why RRE want to buy it on the cheap!! Its all to do with the incredible amount of fake news thats produced and believed simply because its in print . If you review company borrowings you will find lots of small caps that borrow from one lender. What IOG failed to do was to check out the quality and standing of the lender and the fact the high rates the lender was in fact paying to0 LCF! I do not have a big holding in IOG but I do feel sorry to see people losing money through unwarranted mudslinging by a******es like Winnithrift . I really hope IOG get it sorted and have learnt the lessons!

HI What a load of crap - RRE are just being opportunistic and probably letting the share price fall to make the 20 p look good. As for that scaremongering Winfrifth he should be banned from slandering companies with his innuendo. He immediately links any bad news elsewhere to other companies just as he did to IOG all because IOG had borrowed money from LOG who in turn had borrowed from LCF.. If LCF investors lose money due to LOG not repaying then Winthrith has a lot to answer for as there is no doubt that IOG would have got the financing needed as the assets and future is there and worth far more than IOG market cap. If IOG investors lose out again blame Winthrith for his nasty unfounded rumours and scare mongering- the man is an absolute a*****e. You only have to look at his bearcast to know this man is the pits!

Why no posts on Africa Oil!!! . Hre is a massively undervalued company with cash and intersess in Eco, Impact ,Africa Energy, Ghana . Kenya and lots of exploration opps and nobody says a word.. There almost seems a conspiracy to keep the share price low. Is Lundin doing this? Its interests in real value have got to be in billions .

HI - I must admit that i thought IOG had checked the pipeline and said OK. So if someone else buys Bacton what value does that leave IOG on its assets without Bacton.. In the same way I guess Peranco s other assets it wants to sell may also need a Bacton. IOG obviously has a big upside and its about time they gave some news on future finance and the Bacton deal as its investors need management assurance. I know they said the finance in place from LOG is secure but perhaps using that money to complete the Bacton deal quickly is the best way forward to reassure the markets. Lets face it if finance was secure from LOG why did the price collapse!.. This is bad management of newsfeed to investors..

HI Thanks Happy Sparrow,Greatgig and 600Thieves for your replies. It explains a lot but it does worry me that Perenco seem to say they are only considering selling Bacton as against in the throes of selling it.. They also mention new partnerships . The silence from IOG re funding and Peranco saying they are considering selling makes me wonder if a deal is being set up with a 3rd party.. Have Peranco actually agreed to an extension of the sale of Bacton to IOG?
Thanks

I wrote a few days ago about Peranco thinking of selling their south North Sea investments including Bacton.
I asked how this affects IOG. Rather surprised nobody replied.Could some cannyinvestor or in fact Peranco be doing a deal ?

HI - I see that Perrenco are thinking of divesting of Southern North Sea gas interests of £500m including its interests on Bacton.
https://www.energyvoice.com/oilandgas/north-sea/192422/perenco-mulls-sale-of-southern-north-sea-fields/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Saturday%20Personalised%20Round%20Up%202019-02-16&utm_term=Energy%20Voice%20-%20Newsletter
How does this affect IOG?

Africa Oil own a vast chunk of Eco and AfricaEnergy and are cash rich and very undervalued. Somehow they seem to keep Africa Oil really low in price . Assets and holdings in other companies and cash and oil in Kenya tot up way in excess of share price. Am I wrong? Is Africa Oil stalking!

Someone is building a big holding it seems. Just hope we don’t get bought out like Faroe did. Surely Total or Tullow would want the 15%. Whilst here I am not a damper or deramper and just a sensible investor. I found Cypress Development Corp. and think there is a bargain buy here into what should be a very profitable mine. Worth’s look.
Think the article by Critical Investor is very good.

Hurricane postings here please, stop all this sexism nonsense. Accept we cannot do without men or women and both have special skills . For example Mrs Thatcher was a great leader! Who ever is best for a particular task should get the job without recourse to sex, colour ,gender , disability , Pity the BBC does not acceptthat,Well done to all at Hurricane for getting to this point!,,