Member Info for Dixie33

If you open this and use your google translate from french to English, you should be able to read it. I'll post in English in a moment.

https://ledesk.ma/2025/07/28/pole-gazier-de-tendrara-closing-du-financement-de-la-phase-1-du-deal-managem-sound-energy/

I have read this but don't understand the process, so wondered if anyone could explain what this means?

Hi, today’s RNS talks about "Redemption" what is this alluding to please?…………

……….An announcement was made on 14 July 2025 regarding the redemption to be paid on 8 August 2025 and the option for shareholders to elect to receive this in sterling rather than US dollars.

The redemption rate per share to be used to pay shareholders who elected to receive their redemption in sterling will be 0.3937355 pence per share.

So glad I sold at £39.10. Just got a notification that the dividend was going to be £4.82 against my 58 shares from the AAL deal - pathetic!!

Thank you damofarl.

No meaning we're not drilling in September that is!! As opposed to being told we would be drilling within 9 months of the Managem deal being signed (making it this September) we were last told we were awaiting permits which has now turned into, it's nothing to do with us (its Managem) and now clouding the issue with extended drilling permits coming to an end and perhaps need renegotiating before Managem will drill, which leads me to believe they wish to stretch the timescales for reasons I can't fathom, other than SOU can't pay their portion. Whichever way you cook it, Graham has gone from a positive drilling campaign by the end of this year to now hiding behind Managem and using the old smoke and mirrors routine. In fact, apart from solar revenues coming by end 2026, he gave absolutely NO detail at all on any of the 2 new projects we're involved in other than the technology and certainly no drilling plan or forecast because the truth is, he doesn't know and cannot influence it despite his protestatons!! Oh and he said the increase in share price may have been due to the column in the Telegraph outlining our interest in hydrogen!! Why would anyone pump money into a share/company that cannot give any detail on a project that has shared no detail on % ownership/timelines/costs/revenue forecasts etc...... He's deluded, we all know that for most LTH who are underwater (I certainly am) that we're looking for the drill bit to help dig our way out of our losses (or at least mitigate some of them) Rant over!!

121983 - read my post 08:33. No is the answer

A) So look, we're not the operator. And in fact, I was with the operator this morning having a chat exactly about this topic. And we are working tirelessly to persuade them to start drilling as soon as we can. I actually didn't say September 2025. But we -- under the sale and purchase agreement we have with Managem, there is a time frame. And I think what we said is until the licenses are perfected, we can't actually drill. And at the moment, and that's another reason I was with the Ministry last week, the licenses are in the extension phase and the renewal phase, and that hasn't come about yet.

So until we get that -- so look, it's high, high, high on our agenda. I don't know, did the share price go up because we announced we -- in the Telegraph, we're looking at natural hydrogen. Who knows what this is? I know -- I think one point, Mike, I did -- I also know that we did have a big overhang with one shareholder who is exiting. They've gone now. So they're out of the company. And therefore, the -- we only need -- the liquidation offer is very good. So we only need a few buyers in the market to make the share price move. So John, I know it's not -- we're not going to be drilling in September. As you quite rightly said, that's only 2 months away, unless the Anoual license gets approved and it's all perfected and then the rig, the 101 rig from Star Valley can be done. But realistically, you're not -- we're not going to see be drilling in September.

Q) John wants to know -- says the increase in the share price today is because retail investors were assuming you would announce a drilling program today. You did say on the previous two presentations that you would be doing by September, which will now be another missed time line unless you get your skates on!. The SP will drift back down now until you drill. So is there another delay in the offering there?

HI, does anyone know if the SP acts the same as other stock market shares in terms of the SP reducing on ex-div day - in line with the dividend being paid that quarter. For example if the annual yield is 14.4% with equal quarters of 3.6%, do you anticipate the SP dropping by 3.6% on August 14th? Does the SP normally recover quickly before the next quarter? I'm considering a small investment here and just doing a little research before I decided whether its best to go this side of ex-div or wait for the drop to at least pick up the shares at circa 52p based on today's SP. Thank you

Mine have just been applied to my account in Interactive Investor, so all good..

Damofari, are you still concerned?

With such a poor earnings statement/projection, I expected the SP to tank this morning but it's going much higher - wonder why?

The end of yesterday...

I have contacted the corporate actions team at II and It is correct that the "Record Date" is indeed 6PM on July 1st for the RI eligibility criteria as set out in the timetable/prospectus - HOWEVER, there is also some flexibility if you also read the below from Page 90, section 4..................... (II confirm that buying shares now before 8am on July 8th will still qualify)

FURTHER PROCEDURES FOR ORDINARY SHARES

4.1 If I purchase Ordinary Shares after the Record Date, will I be eligible to participate in the Rights Issue?

If you bought Ordinary Shares after close of business on the Record Date but prior to 8.00 a.m. on 8 July 2025 (the time when the Ordinary Shares are expected to start trading ex-rights on the London Stock Exchange), you may be eligible to participate in the Rights Issue. If you are in any doubt, please consult your stockbroker, bank manager or other appropriate financial adviser, or whoever arranged your share purchase, to ensure you claim

your entitlement. If you purchase Ordinary Shares at or after 8.00 a.m. on 8 July 2025, you will not be eligible

to participate in the Rights Issue in respect of those shares.

Https://www.thisismoney.co.uk/money/markets/article-14825943/BPs-7-4bn-boost-UK-Oil-giant-pays-billions-taxes-supports-60-000-jobs.html

I'd be interested to see of the div yield is better with VALT than AAL, as selling VALT to buy more/back AAL shares might be a retrograde step???

The Competition and Markets Authority (CMA) in the UK has launched an investigation into Aviva (LON:AV)’s planned purchase of its smaller rival, Direct Line (LON:DLGD).

The deal, which is valued at 3.7 billion pounds ($4.92 billion), was announced on Wednesday.

The CMA has set a deadline of July 10 to make an initial phase 1 decision on the deal.

This investigation will assess whether the proposed acquisition could lead to a lessening of competition within the market.

Aviva, a multinational insurance company headquartered in London, is planning to acquire Direct Line, a general insurance company also based in the UK.

The proposed deal is one of the largest in the insurance sector this year.

The Competition and Markets Authority (CMA) in the UK has launched an investigation into Aviva (LON:AV)’s planned purchase of its smaller rival, Direct Line (LON:DLGD).

The deal, which is valued at 3.7 billion pounds ($4.92 billion), was announced on Wednesday.

The CMA has set a deadline of July 10 to make an initial phase 1 decision on the deal.

This investigation will assess whether the proposed acquisition could lead to a lessening of competition within the market.

Aviva, a multinational insurance company headquartered in London, is planning to acquire Direct Line, a general insurance company also based in the UK.

The proposed deal is one of the largest in the insurance sector this year.

Persimmon Plc has announced the sale of its full-fibre broadband service, FibreNest, to BUUK Infrastructure for approximately £100 million, pending regulatory clearance. The sale will provide £70 million upon completion, with additional contingent payments based on performance. Proceeds will be reinvested into Persimmon's growth strategy, while BUUK aims to enhance customer choice with access to 18 internet service providers. The sale is expected to finalize within three months.