Member Info for dunderhead

"Blogging expert", lol. Who is that u r referring to?

Robbie I'm not personally expecting any news for at least 2 weeks. Could even be 2 months.
Just because new operators havent got revised work prog budget approval at OCM level, (is there then an MCM to approve that anyway and OC just for "operational" stuff??) doesn't mean they are not progressing that programme as we "speak". Does anyone know the voting levels required for approval as I personally think 2 partners holding 75% should be able to do what they want?! All imho and best of luck all.

Oilupdip buddy so u really think that?
Are u new here or another multi posting multi avatar who got everything so so wrong here "before" that we all know and love?
Come on matey have you ever had another avatar name on here "before"?!

I've got to admit am considering averaging up at these prices (certainly 0.8) and going up to 10 mill holding or am I mad?!
I may write a quick letter to ne mates recommending this*.

* joke btw.

Because I want it spent on additional asset spend here because of higher gas discovery ape man ffs, not potentially wasted elsewhere!! It was really a swipe at BH but you needed a modicum of intellect to determine that I suppose?
Anyway wtgr this is just pocket money end of my portfolio as have had quite a bit of good luck lately.
I was 7 figures down in March (which was a concerning amount for me, maybe not for some on here but was, for me) but have nearly got all that back now so tbh Aex is just icing and had written it off. Not going to write any investment letters to me mates about it like but...
Best of luck all.

Ffs Uwe telling me I didn't understand the farm out, of course I understood the farm out. The cash bit is really great but I sincerely hope they dont get any and dont really expect them to anyway, as it would be far better invested in tangible assets like they already have, than some of the similar crap oddball ideas BH came up with.
I believe in the meantime, UWE has completely turned the world of asset valuation on its head with some of his "theories", lol.
Now then where's that investment letter to me mates gone?

Ah ffs now I'm "signed" into phone I cannae see BG as I filtered them ages ago but as I was working on laptop and not "signed in" I could see their text.
In answer to your post BG yes I apologise to page of course for my rude "attitude" to their post and thank them for pointing out where I was wrong. However to be frank that is pretty much how I act in real life but again I'd apologise in real life as well.
No need to reply BG.
Dolby switch as in double post fandom? Yes I know my interwebs was down so apologies for that, it hasnae been a good day for me!!
Best of luck all.

And now my wi fi isnt working as well!! Double FFS.

Well I stand corrected. I am very surprised to see that "cash up" impact on the agreement and very pleased.
I think such things have come about because I can remember working alongside a company in MENA region where the company was not financially incentivised to do a good PS ie they just got the low hanging fruit, made big profits then f'ed off! At the time it was pretty obvious what they were doing and had the the work actually had a fiscal as well as technical budget they would have been incentivised to do a better job as had they done it on the cheap they would have had to pay the difference anyway.

Tanzania to be clear I completely understand this farm out it is a bog simple one buddy but I had missed the issue re paying cash difference (as this investment for me does not deserve more than a cursory glance at the reporting) . However it certainly makes me feel it was even more of a generous deal for Aex (which I clearly stated at the time) considering the mess BH had got the company into!!
So I ask again what other stocks or financial instruments do you have in your portfolio?

As an aside I took so long to answer because I've just had a fire check on my pptty. I was incredibly shocked to find out the electrician (who I spent a small fortune on getting it (yearly) tested and maintained) had fitted incompatible fire detectors which had meant materially large areas of my pptty weren't adequately covered. My "lounge" is about 1500 square ft to put into perspective (I live in a cheap area of town!). It was fully tested and certified by him but still didn't work! I normally check any workman on my ppty and what they are doing but, where the f do u draw the line? Do I have to ask that every f'ing fire detectors be tested in front of me, as it would take near on an hour to do this and I assume another 150 gbp on the bill? Peoples safety could have been seriously impacted so it really f's me off people can get away with such behaviour.
FFS.

Well I stand corrected. I am very surprised to see that "cash up" impact on the agreement and very pleased.
I think such things have come about because I can remember working alongside a company in MENA region where the company was not financially incentivised to do a good PS ie they just got the low hanging fruit, made big profits then f'ed off! At the time it was pretty obvious what they were doing and had the the work actually had a fiscal as well as technical budget they would have been incentivised to do a better job as had they done it on the cheap they would have had to pay the difference anyway.

Tanzania to be clear I completely understand this farm out it is a bog simple one buddy but I had missed the issue re paying cash difference (as this investment for me does not deserve more than a cursory glance at the reporting) . However it certainly makes me feel it was even more of a generous deal for Aex (which I clearly stated at the time) considering the mess BH had got the company into!!
So I ask again what other stocks or financial instruments do you have in your portfolio?

As an aside I took so long to answer because I've just had a fire check on my pptty. I was incredibly shocked to find out the electrician (who I spent a small fortune on getting it (yearly) tested and maintained) had fitted incompatible fire detectors which had meant materially large areas of my pptty weren't adequately covered. My "lounge" is about 1500 square ft to put into perspective (I live in a cheap area of town!). It was fully tested and certified by him but still didn't work! I normally check any workman on my ppty and what they are doing but, where the f do u draw the line? Do I have to ask that every f'ing fire detectors be tested in front of me, as it would take near on an hour to do this and I assume another 150 gbp on the bill? Peoples safety could have been seriously impacted so it really f's me off people can get away with such behaviour.
FFS.

Page can you point me out to where that has been rns'd!!
Or is that a free bb "fact", lol.

Page ffs what r u talking about?
R u inferring that the balance of the carried work programme will be paid in cash to AEX if cheaper than the $140mm figures oft quoted?!
Ffs go stand in the corner with UWE and Tanzania
Lol.

It's ok john, wryape is a bit of an angry keyboard warrior.

Lol!

Grsshaw. How can I say this politely regarding solo "purchase". Not an f'ing chance.

AlC I dont like guessing Nate. Why don't you just elucidate surely nothing untoward?
If I had to change my handle, I'd call it something like ..."***** formerly known as dunderheed"... or, I'd put in my introduction narrative.."hi all, I used to post under handle dunderheed, " .....
What do u think about that buddy?

Al what was the previous avatar name(s) you used to post under? Just wondering?

Most data rooms are more or less virtual and that was long before Covid when I was still working, lol!

I just got the feeling (at the time) with previous mgt the "other" (non Irish assets!!) were seen as a hindrance and they certainly were not given the respect or toil they deserved.
Had I mentioned that at the time no doubt I'd have been shot down by the various keyboard warriors on here, whose avatar names used then, seem to have disappeared for the moment! But that was the way I felt then and now that seems to be pretty much proven?
In the defence of current mgt (even the ones who were here during the halcyon "the major" days) and I suppose partly to blame for this mess, they really havent got much to work with and I suppose that was why they had difficulty recruiting young dynamic mgt team?
Fir the future I can only see some form of (non satisfying) corporate workaround which may or may not incorporate more confetti? The only slight positive I take from this is that in theory, mgt. are "inventivised" to get this to around 2.5p for their hard earned options to crystallises?!
Best of luck all.

UWE lol honestly he's got ME on filter.
Your mistake matey!!
Honestly I was far and away the most accurate estimate for farm out terms and I've seen some if his posts regarding valuation of Aex!!
If you really think think applying a historic PE ratio is the best way of estimation of enterprise value of e&p company then very good luck to you.
Will someone who he hasn't filtered please ask him to print up his recommendation / suggestion letter (whatever it was??!!) to his pals regarding AEX when the share price was what about 3p and what about 4 years ago now? I'm sure I'd have been really happy if I'd followed that "tripe". Lol.
Ahem I'll get me coat.

Oh s&&&.
I sincerely apologise hydrogen.
I have a "history" with certain multi posting multi avatars and do get a little prickly sometimes.
Very best of luck all and am very happy with progress to date.
Hopefully we will hear more farm out news and drill dates soon!!