Member Info for Dulwichman

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Your comment that "we are in the middle of it all" is spot on. There are many interests at play here and we are at the bottom of the pile for the time being. All these vested interests have been maneuvering for a while but I think there is more to go. I would add if you were try to do a deal with so many of the shares in private hands and the PI's could scupper something if it was put to shareholders if it was not generous enough. I think a lot of thought and planning is going on in the background and if I may add one further thought - IF I am correct than as a very small small Company in terms of decision makers than Zaza simply can not be in two places at once.

All very much my own opinion - Nobody really knows

Avi
No problem with your question. My mates are in the stockbroking business and look after managed accounts. Most accounts are £10 million or above. In simple terms they are simply not allowed to invest in a company like ours on other peoples behalf. Mifid 2 etc and also the levels of risk just keep us out of the frame for now. As general rule the guys I know generally keep most of their clients money in the FTSE350,

However these guys do have live trading desks and of course many have their own portfolio's and of course in the conversations with colleagues such as their own analysts etc Companies they would not look at during the day do get talked about in the pub hence the "talk of the city" comment The reason why it is even on there radar is the fact that two majors have been RNS'd very unusual as been commented on publicly elsewhere.

Of course other Brokers/FA's will have different remits to my mates,but they are all talking and of course guessing as we are as to who the two may be. All I know is that whilst many on here are coming up with names my mates are thinking of perhaps others who it may be.

Hope this explains

Whilst we are all guessing who the two "Majors" are I would not discount one being Schlumberger. Not based upon any knowledge but on a drink with some mates from the City on Friday night. Apparently we are the talk of the town in the pubs in the square mile

Yellow jersey twatted a few days ago an FT article stating that since the introduction of MIFID 2 ( more regulation from europe) Trading in some AIM shares as much as 25% down. Could be seen as a message that pepes should not touch AIM

Time to stop highlighting me please but I am grateful especially as I have a bit of blackdog at the moment.

Far more praise should be given to others whose posts are far more important to what we are all after which is an gain on our investment. My contribution is just intermittent chatter

Nugh said

Mr Mole
Best post of the day in my view.
The resilience of our Board not to just give is what gives me real hope for the future that Zaza will do his very best for share holders. Relive it or not I think he and his colleagues are honorable people . Rare in this day and age.

Prods

You may well be right - knowledge of the asset in principle has been know about for a very long time it was just not technically/economically worthwhile to develop. I simply come from a view on whats on the Radar now. I can not be precise as what I say is nothing more than a view. Can any body remember when the rumors began flying around over majors poking there nose in? was it reasonably close to the original poising or was it around the time when Georgia received conformation of the inward investment from the EU and the US? Timing is every thing on my side of things. Your experience of the NDA's I expect is closer to the truth

I Think Zaza is flavour of the month at present. It may well be the reason why no September meeting- Somebody mentioned that they had a hint from yellow jersey that a September meeting may be delayed

Mr Mole/Tim.
At present we have the quote "Two Majors" I personally think that they may well be at least one other coming on board. The "residency" as I will call it (always difficult with these huge multi nationals) say one from the US maybe the UK and one other say Germany representing the EU but it does not matter Repsol will do, will allow if the O&G asset to have the support of a combined substantial diplomatic (sub plot military - always the case) If Russia decides to interfere. Georgia is a weak nation if the big boys want to play and Russia is a little unpredictable. On this one I think Trump will do what he is told to do as he has fully supported Georgia before. Just mu supposition You could both be right

Mike
It is a learning process for all. There are a few real experts on this board on broad spectrum. I am personally grateful to them often for what I learn.
My advice - use what you can from here but ALWAYS DO YOUR OWN RESEARCH. Not everybody on these board would be selected in your team In fact you would not let them join your club

Many thanks who have made comment.
I would add one further thing The UK have announced that there will be an emergency meeting of the UN security Council. Whilst I fully suspect that we have support from others on the Council and we are still a permanent member we still have the substantial credibility in the world (despite some of our own politicians do the We are not what we were bit that is for there own political goals) and we never make a crying wolf call at this level hence the respect that some others do not have.

I do not expect anything much to come out of the security Council meeting except for words and no action as Russia has both a veto and is in denial of responsibility However just the fact that we have called it will be a huge wake up call to many and much confidential information will be shared to back up our own claims. I will not be taking much notice of our own UK press as they will be under pressure not to make unnecessary waves for home consumption and they will comply - it is what they do in times like times. The overseas press will in general follow suit as any information related will be very tightly controlled so as to achieve the strategic goal. Remember in times not that long ago this attack on UK soil would have been called an Act of War ( Technically it still is) There some very high stakes at play if you look at the big picture..

There is one person who I would follow closely but you will need to read into his words. Lord David own is still very much on the scene (at my last meeting with him he had just come back from a meeting with the Canadian PM re Brexit) He has a great deal of experience due to past public roles but he also has an interest similar to Zaza that being he has an interest in metal trading with Russia to add to this he has a home in Turkey. He is still highly respected in the right places and has little interest in UK party politics except for Brexit. He has a lot of wisdom.

Mike you may be referring to me on your last post. I was the person that BP have resident FO or shall we say an agency of the FO staff based in there offices. Many big O&G will have similar arrangements remember that that FO in the UK are tasked with Commercial intelligence one way or another - much will appear in Company actions buried in the FT sometimes days after a Company is advised of something or months later but Commercial intelligence is of huge importance to the well being of any nation state.

Just a bit of fun some may remember that the Russians produced their version of Concorde ( sadly spelt with an e and happy days) it failed as the FO substituted shall we say some stolen plans and the Russian version which was almost an exact copy technically kept falling out of the sky . Just a matter of national pride at stake for us just as the present situation is. It is just not cricket to go around poising other people. Again a personal view just for once we are actually standing up for ourselves - about time!

With the very public announcement in the Commons by the UK PM publicly blaming The Russians and the intentions of follow up actions The following is a personal view of the possible effects.
As quoted by Lord David Owen " The Uk Government will be looking for support by some 30+ other Countries to increase sanctions against Russia. The UK can not act alone as this is against EU law"
In my view this will take time to get together and some of our EU "colleagues" may not be in favour as some members are up to 100% reliant on Russian energy supplies and Germany has a reasonably high dependency and we already know that Russia in the recent past has used energy supplies as a bargaining issue.

As a result of this we are also aware the The US and others have already been putting pressure on the EU NOT to build a further gas interconector to receive Russian gas To add to this the EU has recgnised that its dependency on Russian energy is of great concern ( Hence the recent monies made available to the georgian Gov.) I would fully expect this pressure to be increased.

All of the above will take time to put in place but I expect that a lot has been going on behind the scenes for some time and Big O&G will have been informed of the very public stuff as of yesterday some time ago as they are all very well plugged in to relevant security issues.

This places what we all believe is in the ground of very great importance and there will be inter Government pressures to get on with it. I personally believe that the NDA's we have announced are relativity new and will be extensive in nature. The pressures on the so far two majors I would suggest are that as long as they can see a profit in it they must deliver. At the same time the Georgian Gov will have pressure to override any little "local difficulties"

We may well see a bit of a change in the business plan as already stated by Zaza as big O&G could as a last resort go for a hostile takeover under certainly US Gov pressure and may be others. I do not believe that will happen as I think Zaza will be compliant but may explain the fully funded new drill which was not in the plan.

Believe me this is the sort of thing that does happen - it bodes very well for us but I repeat will not happen overnight and I can assure you that the west is aware that a semi cold war is in place and if Russia retaliate which is there recent norm a cold war is on the cards and the west Will want the resilience against a possible cut off of energy supplies. Even a threat of this will cause real consternation.

I think we are sitting in a very good place at the moment even if we are just bit of a pawn.

Just my personal view. Laugh me out of court if you wish I take no personal offense!

Aubree
Markets can react with a lot of volatility of the basis of a "FIRM RUMOR" as there is very much a herd instinct and not wishing to miss the boat. We know have a firm statement of truth which needs a lot of consideration especially as the stated potentials from WH Ireland are so huge. When this has all been digested and if they think all is in order the big money will trickle in leading to gradual climb waiting either for more news on the assets or action by any of the so far two majors.

There is a lot of water to go under the bridge until we see the big returns we all hope for as the sums of money involved are huge.

Goggs
Fully understand.
I thought you had the issue covered in the second edition!

Coggs
You playing games with JBG!

Zaza was VERY clear about share consolidation and I have reiterated this a number of times on this board as and when it comes up with no objections!

Quote " On Brokers advice share consolidation will not be considered until the share price is in the 2pence range"
This seems about as firm as you can get so lets kill this thread for the time being. Zaza keeps delivering on the principles ( although perhaps not his is hoped for time spans - but business is business) It is clear that the Company is very ambitious and given the progress over the last few years why not!

Look closely at the RNS - it is only for part of block 12- Have a think we have a lot of other areas

Good to see the "Band of Brothers still holds" Hope to have you back on the Board soon. Keep well and enjoy life.- Looks like he may be able to buy that new boat after all.

Please pass on

the NY exchange is closed today. I know somebody will jump and say we are not on the NY exchange but in the past we have often had share movement when NY opens and I would doubt those away with ther bucket and spades will have us on there news alerts.

I predict a further jump in price when NY opens especially as we know two majors are involved and it is a good bet at least one is American

Hi Mr Mole
Whilst I do tend to agree with you, am I not right in saying that Zaza was talking about self funding on the oil side of things?
Willing to be corrected

I would like to think that Mrs Mays African visit will be of benefit but with all things at that level it will take time to have direct effect add to that dealing with Africa is different to dealing elsewhere.