Member Info for edgar222

....to be expected after a large deal like this.

But I have been surprised by the strength of negative feeling by some holders I respect.

I think we will know by Xmas whether this is good news or not. By which I mean I expect an acceleration in Ruvuma activity. Licences, drills/spuds, seismic etc. With the clout Zubair brings to everything i think that is a reasonable expectation with them as operator. If there is more interminable delay then giving up a large part of our licence will not look so worth it.

The alternative to this deal is AEX having to raise $105m. Not possible.

On balance I am positive.

Always love this game, matherdj !

The thing that strikes me first about your valuations is the absence of more differential between the two numbers. IF CH1 comes in for gas or even oil then it will be significantly more than a mere $100m more on the Mcap than pre CH1.

Operating on the basis of $400m-$450m per TCF gas in the ground I would not accept less than 15p per share now (so we are in the same ballpark).

If they can get the licence, a plan to drill CH1 and a production plan for all the wells then MUCH more.

I wont say I am happy but I still believe. And I think some on this BB talk *******s about PR. It is why I don't come here very often any more.

‘Cor blimey me old china...

They ain’t gettin’ my golden tickets at anything below £1.60

;)

Well said, Rugby. I am an investor not a trader and I don't get twitchy if weeks or months pass without me trading. The foundations are in place and the next phases are really exciting. SWP in particular. I was very excited about waterflood but having re-read the Company announcements I wonder are they managing my expectations down on that front. This is not a company (any more) with only one news front, there are several now we are away from the dilute to drill approach. Very happy to be here for the long term.

FWIW (and for fun) my prediction of next news is waterflood pilot numbers. Been 6 months now.

jdosso Look at the RNS yesterday and multiply the number by the price of gas per therm. Then work out the discount given for the time taken to get the gas out. Then ask yourself (if the original number is in the $2bn region) whether the discount is so large as to get the value down to �25m (current market cap). Interesting times. IOG way too cheap.

Jumpedship Lol. Definitely no need to apologise. Best

Not sure that these are new awards or what the link means !

https://www.ogauthority.co.uk/media/4880/30th-round-table-of-potential-awards-by-administrator-may-2018.pdf

I mean this BB not the share price.

Thank you GGiS

I have always found it difficult to actually transact these shares. Have read before about how many of them are tightly held by Directors and others. Is it up to 50% of shares not being traded? Can anyone confirm? If it was 50% that means that the volume of trades recently is even bigger as a proportion of shares actually in the market.

This is your periodic reminder that LSE has a filter facility.

Oilbell Interesting read across. So we can double $21m because of POO. And double again because of size of target. And add a bit for infrastructure and market in our region. �100m about right?! Have no idea. This is absolutely binary at the moment but have been here since 8p and am not going anywhere.

Thanks all. Particularly Metis20. Listening on Safari now.

The damn audio wont work for me !!

https://total-market-solutions.com/2018/05/11/malcy-talks-oil-gas-with-doc/

I am only going to say this one more time. The NPV figure is net of financing. So are the broker target prices. NET. of. financing. If the Board do better than the financing models used then there will be more equity upside. And this Board have proven themselves to be nimble on the financing front. Buy.

F**k me, Neil. Good night out was it?!

Peter I agree that will be another game changer. But before that I think waterflood results coming in will do it. As I understand (but have not checked before typing) the waterflood pilot was started at the end of last year and was targeting GY670 (initial flow rate 1000 bopd). LK says on the recent video presentation that anyone who knows about waterflood asks how much water has been pumped in because they know that in 6 months that amount of oil will come out. These guys are steeped in waterflood. 6 months is about now. Lets add some slippage and say summer. Exciting times ahead before we get to SWP.