Member Info for Dicko80

Yes chart looks primed for a reversal and start an uptrend

Https://ibb.co/Y4B16PtW

Thanks I’ll have a look 🤨

Looks like 1.94p to buy now

Yes the deal values overall $23m vs £2.5mkt cap

If you can show me any other companies with so much value creation this month , can you let me know as I’d like to invest

Crazy value

Thanks

The chart is very similar to NFX before it 3/4 bagged

https://ibb.co/yn5YYQfT

Hi Ed

Yes been watching for a few days , just noticed there was a change earlier and you had to pay more online , maybe some delayed buys

But looks good value based on the deals vs mkt cap

$23m deals to complete this

Month

Mkt cap £2.5m

Material Corporate Transactions

Sale of Lyramid for US$10.8 Million

On 1 February 2025 the Company signed a binding share purchase agreement (the "SPA") for the sale of its wholly owned subsidiary Lyramid Pty Ltd ("Lyramid") to Pleiades Pharma Limited ("Pleiades") for a consideration amount of US$10.8 million. Completion of the SPA is contingent inter alia on Pleaides finalising certain in-licensing transactions (the "Licensing Condition Precedent") and completing a current fundraising round no later than 30 June 2025 (the "Funding Condition Precedent").

Sale of Oncogeni Ltd for up to US$12 Million

As announced on 10 March 2025, the Company signed a term sheet for the proposed sale of its wholly owned subsidiary Oncogeni Ltd ("Oncogeni") to The Nation Trust Holding LLC ("Nation Trust") for a consideration cash amount of up to US$12 million (the "Term Sheet"). It was the intention of the parties to sign a binding share purchase agreement (the "Oncogeni SPA") within 60 days of signing the Term Sheet; however, this has not yet occurred.

Negotiations with Nation Trust are continuing with fortnightly meetings held in the UAE and it is now expected that the binding Oncogeni SPA will be executed in June 2025, with completion shortly thereafter.

hTTps://www.lse.co.uk/rns/ROQ/corporate-update-lqqrmn44vr38esz.html

Mkt cap £2.5m

Online limits have changed today

Can’t buy more than £3k @ 2p

Nt to buy @ 0.025

Nt to buy at 0.024

MMs playing a game of patience to get rid of the weak

We have to remember we hit mid 0.050s on the day of the announcement of transformational farmouts

We are now close to completion of said farm outs and you can buy at 60% discount to the day of the announcement but this time the re rate will continue as well have cash in the bank and rig contract to follow shortly with spud and 35mmbbl recoverable oil prospect to drill which as the company believes NPV per bbl $13

It’s a great opportunity at these levels

Broker targets before dilution

0.12 for core nav only for thali drill on completion of farm out and rig contract

0.80 +for successful appraisal drill

Can buy 0.025 with potential 20bags+ from here on successful appraisal drill according to broker target reworked with new shares in issue, this just for Cameron with a 35mmbbl prop spect, the company has the potential for multi billion bbls across the portfolio

News pending

Cameroon farm out - cash in bank

Namibia farm out - cash in bank

$4.375m

SA farm out - potential for super major and back costs upto $14m

Forget that .18 gone

Maybe drilling RNS next week

I checked it out and as the previous drill holes in good condition, they've only got 200m orso to drill in each hole and referred in RNS as low cost

They want full ask at 0.18

From TA chart perspective, breakout from pennant upside to 0.3

Online limits changed

She looks ready to move north

Looking back at the RNS for first drilling they raised £1.4m gross , so with £700k raised in March , this might be £600k left

They are using the previously drill holes so shouldn’t cost the same, but I would expect a further raise maybe £250-500k for contingency’s and working capital

At the minute no date for drilling , see what updates come first

Littlened

What do you expect when the placing was at 0.07 !?

Sells will keep coming when they can get 50% profit +

Easy money thanks to Dan

The market is well aware of commercial discussions as they’ve been going on for some time !

Refer to November 2024 RNS where directors bought in placing

I flagged on here some months ago, there were rigs available May/June in west Africa

Post 10th April

So looking into availability elsewhere

Shelf have 2 rigs available in West Africa

Victory - available April 25

Highland II - available May 25

https://www.shelfdrilling.com/wp-content/uploads/2025/03/Shelf-Drilling-Fleet-Status-Report-Update-Mar-2025_vF.pdf

Post 11th April

Valaris 109 rig

Seems a perfect fit

Currently warm stacked at no other Walvis Bay !

https://www.marinetraffic.com/en/ais/home/centerx:9.8/centery:1.6/zoom:4

Looking into this rig , it’s for shallow waters ✔️, mobilisation costs will be less ✔️due to location Namibia to Cameroon ✔️

Latest fleet report from Valaris - confirming available and warm stacked status in WB

https://s23.q4cdn.com/956522167/files/doc_financials/2024/q4/v3/02182025-Fleet-Status-Report_FINAL.pdf

We are now told the extension of the licence is subject to confirmation of the final rig selection which they hope will be the same rig used by neighbours at the end of 2025

What is going on JA ?????

If Dan is anywhere remotely close to a deal, he’d have remortgaged his house and bought £200k in the placing at a lowball 0.07 !

Why no participation Dan ?

More jam tomorrow

Another frustrating delay

Chart update , breakout to the downside

https://ibb.co/HpCDfdHJ