Member Info for Flombo10

Ibiza, after reading that , you have a nerve to criticise anybody’s logic. I won’t waste my time critiquing it except for -Gas has not yet been found in corrib south and only the fairies believe you will get any money from the Irish government -as for €100m - what planet are you on??

I like that idea,Serif. A lot of long term shareholders in Ireland are very annoyed.

Also the fund raise sets a bad precedent. If people from Equatorial Guinea, America , Ireland etc invest in eog shares , are they going to be locked out of future offers . Are future fund raises with discounts/warrants only for those in the UK with specific dealing funded accounts ?

Also, those shareholders who benefited would not have done so with the previous shareholder resolutions. WH and others should keep that in mind.

Anyway, the company itself is in a more secure position with no doubts now about going concern viability.

The behaviour of the management to lth has been poor- which is putting it mildly .

Whatever about the funding limit, the 24 hr deadline is inexcusable.

For Irish shareholders , of which they are many , it has been a disgrace. This, at the very time , they want the Irish authorities to renew their licence for inishkea. Beggars belief .

It can be instantaneous from your bank to the stockbroker but often , it’s not instantaneous to your specific account .

Interesting to see if we have any tr1 in the next few weeks

Yes,brightfuture, with utter contempt.

Even those who can purchase , might not have enough time to transfer funds .Those who can , will probably see their allocation scaled down.

They have boxed in retail investors -the majority , who have no choice but to vote in favour at the AGM.

But if Bo and WH mess up this EG project then retribution by the retail investor will be sharp , quick and without mercy.

I wonder if the recent seller and his pals have been able to fill their pockets with cheap shares and warrants.

That’s an absolute disgrace by the company . Such a ridiculous time limit and also only available to Uk residents.

They have made a mockery of the resolutions passed at the AGM as sticking to the letter of the law but not the spirit .

I envy the British shareholders with your isa. Don’t worry about the technical problems- be grateful you have the benefits of isa.

So we have raised circa £3.5m and depending on demand ,we should raise another £1.5-£2m on retail wrap ., are they planning on taking a bigger chunk of antler ???

It’s very unlikely that existing shareholders would not be offered the same terms .

What are you on about ,sir Nigel . We all knew a fundraise was coming but our AGM votes last year and in 2024 means we can maintain our positions. Maybe you should you do some actual research into the company. So far, the market seems to like it .

Also don’t forget this offer price and warrants will be available to existing shareholders . We just await confirmation of details .

I’m not sure why some are surprised — a fundraise was always coming. It was flagged at the AGM, and the company has been clear about its need to secure capital ahead of the EG‑08 drill.

The good news is that, per the AGM resolutions, existing shareholders will have the opportunity to maintain their positions via the wrap retail offer.

That said, I didn’t expect the raise to come before approvals from Equatorial Guinea and, especially, China — that was the one element that surprised me.

Hence , probably the reason for the low price of 1.2p. Christian actions didn’t help here either .

Also disappointed with the low pricing of the warrants at 2p, which feels overly generous to new entrants.

Despite that, I’ll be voting in favour and taking up my allocation via the retail offer to avoid dilution and maintain my position.

“it’s great to have contrary views .. but you need to put a bit of substance -financial logic - behind your financial themed comments.” Look forward to hearing them .

Sir Nigel, it’s great to have contrary views .. but you need to put a bit of substance -financial logic - behind your financial themed comments. (preferably expressed in standard english , not the strange dialect you seem to use)

Looking forward to hearing them.

Serif, exactly.

Maybe they will call it the oilgasstablecoin. Pity we didn’t take a stake in their company .!!!

Only, from their white paper Albion method is to invest only in proven actual revenue streams not possible ones like EG ,

It then repackages that revenue stream into an investable product for its own investor base.

Orcadian energy are considering raising money by selling off future income. The finance provider will tokenise this future royalty stream.

It’s like stablecoin not cryptocurrency as the coin will be backed by actual income , like a stablecoin is backed by $ treasury bills.

The providers of this system are called Albion labs Canada . In their site , they name Europa oil & gas as their case study of this method.

We have our mysterious Canadian finance .

Albion’s own whitepaper presents this as its “inaugural offering” and describes it as tokenising a 4.5% royalty stream from Wressle-1.

“In other words I require the rig contract when available for perusal.”

The full rig contract text itself will almost certainly remain confidential between the chosen contractor and Antler/Fuhai and not published in full to the market.

We should get a public announcement summarizing key terms — duration, expected day rates, responsibilities, etc and hopefully the questions you raised will be covered.

But maybe Sir Nigel , they might make a specific exception for you but not for us poor emotional plebs.