Member Info for Drewky

Excuses excuses PMSL

Thank you Pete, your first line is the answer to the question that was put to you.

I have to say I Love the Caveats guys, not one of you can answer a straight question by giving a straight answer on its own and as you always do, you proceed to keep giving everybody history lessons.

To avoid answering Tarry your answer "This is a website" is pathetic :-D

I wonder why none of you can give a straight yes or no answer to a perfectly plain yes or no question. Please don't waste your time telling me as I'm laughing enough as it is :0))

Pete I can accept your position on giving advice re the first question but the real question as has been repeated is the following which you didn't answer...

CAN YOU LOOK ME AND THEM IN THE EYE AND TELL US THIS IS NOT AN INVESTMENT WITH A HUGE POTENTIAL UPSIDE THAT SHOULD BEGIN IN LESS THAN FIVE WEEKS?

Random this is not about you or investors already sat with a loss please read the question again and ask your self if your answer is one born of bitterness because you are currently losing.

You have all the information about the asset size and the plans afoot here and the question is about how it is for new investments and has been made clear.

CAN YOU LOOK ME AND THEM IN THE EYE AND TELL US THIS IS NOT AN INVESTMENT WITH A HUGE POTENTIAL UPSIDE THAT SHOULD BEGIN IN LESS THAN FIVE WEEKS?

Well Tarry, I think just for one drill - 3D seismic and - building the pipeline which was first indicated we would have to do when the farm out was proposed would come close to the amount of our current MCap and so would involve massive dilution to raise! If we were to include FFD then probably double MCap so even worse. This is where we are right now and so the farm-out takes that away.

I really do not see the point in blustering on about why we are where we are, who has done what etc. because much of what is being said though plausible is still pure speculation and it changes nothing. The thing is, the cause has gone and it is the effect we have to deal with and that is where we are today.

So I'm going to ask you Tarry for the third time and also to Pete for the first time, where do you see this as an investment opportunity as a potential new investor or in fact for me in wanting to make further investment at this price?

CAN YOU LOOK ME AND THEM IN THE EYE AND TELL US THIS IS NOT AN INVESTMENT WITH A HUGE POTENTIAL UPSIDE THAT SHOULD BEGIN IN LESS THAN FIVE WEEKS?

Would I take it now? At this point in time before the CH-1 drill and the licence it would depend on individual circumstances but I would do quite nicely out of that so I would give it consideration.

However I see 5p on the horizon before Christmas so my consideration wouldn't last long because with the results of a CH1 drill to come QTR1 that includes a second lower exploration Jurassic target of 900bcf assumed gas but possibly fluids, (oil shows already found down dip) I think it well worth hanging on. If that second target turns out to be gas I would expect mid teens sometime during next year but if it is fluids then all bets are off on the potential price.

In short as Kenrun says NO!!!

Pete you know the answer to where it comes from. You were at the AGM.

Doing it alone would mean "Drill Wait and Raise" - "Drill Wait and Raise" - were Jays words.

If it is going to take us to 2020 with this option of full carry without delays once running, then in going it alone 5 years would be a likely minimum to get CH1 drilled and a pipeline installed with a GSA organised imo

Let me put some questions to you...

If we were to go it alone from here…

How much would we need to raise for the CH1 and the 3D seismic that goes with it?

What dilutionary effect would that have?

Who builds the pipeline is still in question, but assuming we do, again we need a raise...

How much? How much dilution?

Moving on to CH2, 3, 4 etc for FFD. Under the farm-out deal some if not all of these could be drilled next year so we could be looking for two or three more raises and dilution that would bring! However, imo it would be more likely we would have to wait until we were in production and receiving decent revenue from Ruvuma.

Obviously all this, then puts back any planned future for Nyuni and of course the diversification that you have long been an advocate of.

The deal imo is worth far more to us PIs that just the full carry of $40m because the deal is also worth the value of all that dilution for 3 or four drills and maybe the pipeline that we will now not have to face.

Would $15m per drill sound right? Pipeline... did someone say $20m? 3D seismic $$$? Looks like that little lot would be near double our current MCap. That sort of dilution would be bloody painful me thinks

Tarry as you are so determined to seek out every possible negative you can grasp with your fingernails...

This was the actually question you asked "why is it in the interests of non Zubair Corporation shareholder" So I'll ask you the question once again...

"You have a choice of getting to the production stage in 5 to 10 years or in 1 to 2 years. WHICH DO YOU CHOOSE?"

I don't know about you but having cash revenue of $12m to $40m per annum 4 to 8 years faster than we could do it alone is very appealing to me.

Add that to the fact that we are being paid $5m plus back dated costs to March with a full carry to those production levels to the tune of $140m spend it's a complete no brainer to me.

That is without even thinking about how that revenue will allow the company to progress much quicker at Nyuni and look towards diversification that we seek.

As for your change of question to "I am questioning who was fighting the PI corner?"

I would suggest the above shows that what is being done is in the best interests of the PIs. Of course it is in the best interests of other parties too, but nothing comes for nothing in life so if we want that early revenue etc as discribed above then we have a price to pay, but it is the future and the big picture that is important.

As with the ongoing plans, assuming it all goes well and it goes through, all genuine holders here should do very well and as for any new investors coming in now. CAN YOU LOOK ME AND THEM IN THE EYE AND TELL US THIS IS NOT AN INVESTMENT WITH A HUGE POTENTIAL UPSIDE THAT SHOULD BEGIN IN LESS THAN FIVE WEEKS?

"why is it in the interests of non Zubair Corporation shareholders?"

I think that's simple Tarry. You have a choice of getting to the production stage in 5 to 10 years or in 1 to 2 years. Which do you choose?

I don't know about you but having cash revenue of $12m to $40m per annum 4 to 8 years faster than we could do it alone is very appealing to me.

Add that to the fact that we are being paid $5m plus back dated costs to March with a full carry to those production levels to the tune of $140m spend it's a complete no brainer to me.

That is without even thinking about how that revenue will allow the company to progress much quicker at Nyuni and look towards diversification that we seek.

Perhaps you should take another peek :0))

Keeping a beady eye on you Pete ;0))

Actually as per the PSA there is a 90 day ministerial deadline however in reality Pete is correct because within the various clauses it is from the point at which all minister is clear that all requirements have been met which effectively allows them to play ping pong and make their own demands. The interesting thing is that we are at this time just over the 90 day period following the farm-out announcement. If 2+2=4 then perhaps not a coincidence that November completion has been reiterated 3 times

Very quiet this morning but a few decent buys on the bounce could quite easily see a repeat performance of last week's amazing 30% one day rise with everybody looking out for the leak of the big news.

To hit the stated target the announcement has no more than three weeks in which to land

Farm Out and EGM (Date reconfirmed three times) expected to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks.

Partner Solo has announced a shareholder meeting for 22nd November which may or may not indicate things will happen before hand. Certainly by then we will have the EGM notice if things go to plan.

“Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill”

4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C

Foot note: SP was 1.3 when that rise kicked in.

Well the share price effecting situation is correct mather and has to be reported but we know the EGM is unable to come before a licence agreement is made so there is no wrong doing in any of my points. Not sure who your 22:20 comment was directed at me but I put my points following you using the word dodgy in your 20:49 comment Just wanted to show there was nothing untoward in my thinking but if I am a Bod wanting to give shareholder value then that would be a beneficial way to do it and it would be legitimate because they can't arrange the date until the licence is granted

Depends how it's done Mather. Personally I would announce licence immediately it is received (assumption but every reason to expect) I would then announce EGM separately a day or two later EGM results Spud date, Kiliwani & 3D seismics should all be individual news items. That would give six SP boosting events and they are all potentially before Christmas. (Before you say it Tarry, we know!) Look forward to seeing Santa ;0))

I hope to add 1p on successful remediation alone. We lost 1.5 on the damage it caused. I would really like to see the news flow managed to come piecemeal to gain maximum impact though. Imo Kiliwani is highly unlikely to be completed before the farm-out so I hope everybody clearly understands that!

Still not an investor here as have enough in Ruvuma but if was considering it, I would be judging it on its current position and although it's lost a lot of value in the past, from here, it looks to have plenty of upside potential. When buying for an upside and past losses have already happened and positive movement expected in weeks I don't see the need for clinging onto history. It's the future that is important for new investors.

Snipers in the rafters as usual cp ;0))

I suppose the question is, if the Aminex action is planned to be a week later, what would be the point in Solo having a meeting without being able to discuss what is potentially the maker of the company? I feel sure that would be the focus of most shareholders over there right now, so it would've made sense to hang off for that don't you think?.

Oh, I now see no new information will be disclosed. Hope of an earlier notice short lived I suppose but what's another two weeks after all this time. Clutching at straws if it does take place before then it wouldn't be new information. Back to the snooze mode ;0))