Member Info for Desmond45

A large chunk of the placing shares seemingly churned, brakes are slowly coming off here. Could be the most prolific growth sector of a generation - let’s hope Mellon has backed the right horses with the war chest and ANIC could be early retirement material. If this was listed in the US it would already be worth billions in my opinion.

This leaked placing debacle literally happens every single time with UJO, dodgy as they come. WN is clearly a duster otherwise there wouldn’t be a raise taking place at these levels if they had any confidence…

I anticipate they are in the Herrera now.

Into the ‘fun zone’

Despite the recent performance being an absolute dogs dinner, £16m mcap seems low for a profitable company with plenty of £ in the bank. Buy them low, sell them high as they say.

No cash raise for the rest of the year? Tick
H2 revenues set to increase massively? Tick
Extremely comfortable with £10m guidance? Tick
Massive scale up of STC with Tier 1 partner? Tick
Targeting Q4 tie up with China Resources? Tick

Bought some more at these lowly prices. Cheers

Very impressed with Gerry’s explanations in the presentation - the top and bottom of it is… they are building a great company and all the whiney moaners speculating about sellers can take a long walk off a short plank. Respect!

Results have gone down like a lead baloon

Need to get China over the line.

Why has skin trust club only got 15 reviews on the AppStore? Maybe worth updating the app with a reminder to get people to leave more reviews?

Just FYI - Paul said Royston looks bigger than everything the company has found to date combined.

Life changing indeed if it hits. Good luck

Very chunky buying over in Canada. Up nearly 12%!

Leaky ship?

As long as the gas hasn’t ‘leaked’ out since shell originally found 700ft of pay we will all be happy!

For me, the interims are largely irrelevant. It’s all about whether the China deal gets over the line in Q4. Is this another Versarien-type carrot dangler or the real deal? Not long to find out

Now I see why this has been valued so low, the Egypt assets are garbage. They will never grow into a mid cap company when the largest wells are swimming in water and the Egyptian government take over 50% of the revenues. Seemingly nobody was aware of the water cut increasing until now though…. Lol

First gas from Victory isn’t until 2025, which is assuming they haven’t gone bust by then. After the way WN has been handled, who would invest further? Added to the AIM dog list.

Another 855m confetti shares to be issued… wow

Resident ramper Rubey is quiet today?

Game over, annoyingly

Unfortunately the writing was on the wall after the last ‘placeholder’ RNS. Nothing but oily sludge, no meaningful figures, I recall a similar situation at IW2 for 88E. S&S comms have left a lot to be desired throughout the entire WN debacle. Also wonder whatever happened to the fantasy NPVs in Cali, the enormous Grizzly island well which disappeared, the above expectation appraisal at Parta, the ‘discovery’ at Colter. The list is endless - Oil man Jim called this from the outset.

What a disaster.

This is a 5 bagger in the making, no ifs no buts

The problem is that the words on that document don’t mean jack if all they can recover is sludge.

It’s almost as if the market is realising that a circa £250m mcap is too high for a company with zero income, zero proven reserves and not enough cash remaining to drill another well without a substantial placing.

Barmy!