Member Info for Drewky

Part of the covenant if I remember right (it's been a long day) was that they could not own more than 29% during the period, so perhaps selling those allows a little breathing space to fit in with that position?

Somebody need too lol

Interesting one there Frogs, Thanks

As you say given that we were at 10p I would agree, but surely any excitement shown is from the point at which we are now and imo, is perhaps knowing that finances are finally coming together and showing a light on the way forward for the practical next stage.

Apart from the those working the agenda, nobody is happy where it has gone but most will be relieved that we should be able to move forward on the strength of this.

It is really quite simple Max, they must still have a hope that it will come through and until they are sure that it won't, why should they push that into the market. Over the cause of negotiations I believe they had quite a few monthly meetings on or around the 20th of the month so maybe they have one planned at the moment, who knows. I do understand the frustration, we all feel it, but is two more weeks of waiting really going to hurt us?

SG in response to your earlier point

"In the event that there is a Balance at the end of the period of the ISA, the ISA will be extended and the Company will continue to receive Monthly Payments until the Balance is extinguished. " Unless I'm reading it wrong that point to us getting the required cash.

On the point ou make "Completely against their normal way of business which makes me slightly uneasy." I take that as a good sign that they must be ultra confident in a climb.

Although the company have agreed not to disclose inside information to these investors, I would bet my life on them having an awful lot more knowledge of reality than we ordinary PIs do. Committing to those sort of levels of financing would surely require a bit more than ifs and maybes. So all is good from my point of view

colinski, there are approvals needed but not for the remediation to take place, as I've stated many times approvals would be for safety and operational reasons at the plant

I think that was made pretty clear recently cp and Pete did call it right as it turned out, despite the companies official stance. I saw the potential in what he said but with facts from the company pointed the opposite way I could not just accept it and it's a shame we came to verbal blows over it when our own personal knowledge put us into conflict.

Just to be clear, I don't feel the company were trying to deceive us in any way because it was government delays that forced them to back off from spending the money on remediation that may or may not have been successful. In the unknown situation of not knowing when the next cash input would come it would have been foolish to continue imo and as you say cp we are unlikely to see any physical action until we get the go ahead.

A question I have in my mind is... If we were told straight away that it would take almost three years to get to the next stage, would we have dropped from 8p to where we are today? or, would we have stabilised somewhere in between? I ask because in my view it has been the not knowing and the uncertainty that has allowed the bashing of the share to where it is today. The Bod couldn't have predicted such a delay but though it doesn't matter it would be interesting to have a view on a price

As said before. A creditor can't seize assets that are jointly owned. This means only a creditor with a judgment against all joint owners, can seize the assets.

No point regurgitating old issues. They've given the answer to that and it's well documented. We are waiting for the fuse paper to be lit and we are going nowhere until it is. BTW no LTH here expect it to happen this month so when it doesn't happen I wouldn't expect much movement. If you can it seems a great opportunity to me

An extremely reliable source told me a few weeks ago "no need to worry about gas demand, there is projected to be a massive gas shortage and in the coming years the government will take as much gas as can be provided". On another occasion we were discussing how long before the LNG plant would come on line and my guess was 10 to 20 years. I was told... with some authority the LNG could take between 20 and 30 years to come on line.

My only concern here is WHEN? and so IF, is not even in the equation for me! As always DYOR

Email Irish

Sorry dodgy keyboard should have been £1000

Kevin nobody like losing money and of course all that do are going to be unhappy.

If someone tried to dip our pockets in the street it is likely if we caught them they would be given a good slapping and everybody around would be angry at the thieves because they know it could equally have happened to them.

There are IDs on here who are doing their best with an online version of the very same thing, so there can be NO excuses for their behaviour. In fact I am surprised that so many people are just happy to watch it go on. Priests and Levites perhaps?

By all means discuss the positive negative aspects of a share but blatant misleading statements and repeating the same questions every hour of every day for months while ignoring any answers given is ridiculous.

£100

Woody I'll tell you many of these people know exactly what they are talking about and are most likely the very same people that were ramping it weeks ago. They are just dragging it down to buy in again. The pump and dump brigade of the Aim O&G market. Shameless people

Swindon it seems you also need SPECSAVERS and you misquote me conveniently missing a piece.

"it is cheap anywhere around these levels and only a fool could deny it! It may or may not be the lowest but it is still a bargain as anybody right minded person who has done there research will attest too."

If you are going to try for brownie points at least have the decency to quote people properly! Out and disinterested? WHAT RUBBISH just another agenda driven ID

Half here and half you know where Irish. Both equally in same boat. No doubts about either. Timing is the critical difference and could be either way

I don't know about you guys but I think it would be a good time to wheel out JB for an interview so we can get back down to discussing the real business in hand

Going through the Agenda point by point

1. The company has exercised its right to retain the rig on site so continuing its right to use it for drilling. RUBBISH! it has no rights to continue using it at all. It has retained it purely for leverage purpose.

2. The owners will refuse permission for the rig to be operated until dispute settled by payment or presumably CJ. CONTRADICTION OF 1. You cant be foolish enough to say it has the right to continue and then say they can refuse. It cannot be both!

3. This legal dispute will take up cash and time the BOD does not have. SPECSAVERS Read the RNS

4. RNS stated it can run to year end on its funds. AND? Are you accusing them of lying?

5. This claim does not start till autumn and will drag on for at least a year FICTION! SPECSAVERS Read the RNS it does not state Autumn at all and specifically says during the next week

6. So a a major stand off can ensue with AAOG not being able to drill despite having the equipment on site. UTTER NONSENSE. AAOG do not wish to use that drill. SPECSAVERS Read previous RNS where they have identified the drill they wish to use and it is in Africa. The reason thy didn't push on through to Djeno was the original drill couldn't cope as it was falling apart.

7. No doubt it was a factor in the original funding deal falling thru' ABSOLUTE DRIVEL

8. Right now this extensive RNS repeats the claim has 'merit 'just the same as the funding 'optimism.' NO LINK Of course the claim has merit the rig was supplied and it was unfit for the purpose for which it was hired. They have every right to make a compensation claim as they informed us they would months ago SPECSAVER RNS

9. As for the sp it briefly touched 3p+ It can be expected visit that area again although some ignore and think the sp is cheap
primarilt because funding cannot be at less than 5p IGNORE WHAT? it is cheap anywhere around these levels and only a fool could deny it! It may or may not be the lowest but it is still a bargain as anybody right minded person who has done there research will attest too.

10. IF funding goes thru the sp will fall rapidly back to well below 5p SOOTHSAYER NOW ARE WE?

11. Meanwhile the lack of information on the following does not help.
a, So far No further information on funding completion. SPECSAVERS news was provided on Friday RNS and you seriously expect that to be completed without a working day having been completed since? PLANET ZOG ME THINKS

b, No information on development plans for drilling/production TEA BREAK Unless you are expecting to know what times the tea breaks will take place, you have already been told the plan, see other previous RNS SPECSAVERS AGAIN

12. RNS should be imminent. ABOUT WHAT?

All the above makes this company uninvestible for the normal PI. ONE EYED BS AGENDA Now we know why a visit to SPECSAVERS is required

Disclaimer - I have no links whatsoever to Specsavers and I do not hold shares with