Member Info for G_G_G

RAMBO, for starters I'm in my early 40's (not some old retired geezer), and currently working from home. At the moment you and your mates are my greatest source of entertainment in between zoom calls. Secondly, 1m buys really isn't all that much. If you go back through my messages you'll see I oscillate between 500k - 1m shares at any point in time and my average is around 7p. This is my smallest holding in any AIM stock by a comfortable margin. Also, you and your little gang helped me lower my average over the past 2 days so thanks for that. I'll pick up the 250k that I dropped in the high 8's when your little mob move onto the next ramp and continue to 'average down'. No doubt you'll be back in a few more months and I'll get to repeat the process again. Thirdly, you do know how to spell 'laugh' right? And you know the difference between 'their', 'there' and 'they're'...? Just checking because your English is pretty poor for some bigshot trader. Ultimately I don't think any of us long term holders give two ****s about you and your mates trading your lunch money. We'd simply rather you don't make any money from talking absolute rubbish. Someone less informed gets lured in and 'spiked' everytime you guys do your little 'pump n dump' routine. And for that I'd rather you make nothing. Now be a good boy and go rub your mum's feet.

Heavily invested, did you put all your lunch money in here RAMBO. You guys are hilarious. Earl of Aim I see thinks AT is the CEO. What other gems can you guys share with us?

RAMBO, I think you need to assume the entire board knows whatever you know about this stock, and a hell of a lot more. I also think you'll find the board to be far friendlier if you simply spent some time reading the many posts on this stock over the past year or two. Hopefully then you'll understand why you and your penny trading mates grate on so many lth's.

Absolutely agree Austin. They must be aware of PI nervousness and restlessness given all the **** they've had to go through over the past year or two. Hell this board is full of it, myself included, although that may also be related to the amount of money I have sunk in here. An update would suffice. They gave the market an end-January date for fcf / divi news. Given they've missed that timeline they should at least let their long suffering PI base know that everything is on track. I take solace in the fact there has been no heavy sell down recently so at least their II mates believe that everything is on track (given the history of insider trading over the years). They need to have drilled into their minds that no-one trusts them. Being open, transparent and providing more information rather than less will help to build trust. Many companies on AIM are valued much higher than their equivalent peers solely through the amount and frequency of the information they share with PIs. The bod should take some lessons from this, especially if they harbor any thoughts of going back to the market for more money in the future. Hopefully not too long to wait now. GLA

John Rambo 'Buy for pennies sell for pounds that’s the aim of the game to old you broke old timers'

Have to say that made me laugh. Ever since you and your mates turned up that's all that's been happening with the trades here. You've been putting the pennies mummy gave you into Zioc then p!ssing your pants with delight when you manage to sell them for a pound. You're not even an average clown.

Man I feel stupid not seeing the incredible hidden value in this gem of a stock. It's happening. Get on the choo choo train. Next stop the moon. F@ck me where do some of you new guys normally hang out, other than twitter, Reddit, your mum's garage...? It will help for me to avoid such places in future. And people think the MM's are ******s.

Given we have news due this week (apparently), and the sp has dropped 7%, it does go to show just how much confidence the market has in Hanno delivering on his timelines. It would be great if he surprises everyone and actually hits a timeline on this occasion, but I have to say even I'd be surprised by that happening (been here too long). We meant to hear about EPC & O&M (well overdue), and tariff feedback this week. They could of course add a partner update (core drilling), and something on the foray into solar, so there's plenty of news that could be released. Instead we're going back into our usual drift pattern. Hopefully one of my other stocks has a nice jump so I can take advantage of the low 5's, and perhaps even 4's again if we're still waiting for something of substance in a month. If news isn't delivered before CNY then we're waiting until end of month at best. Tariff news and approval is where things get really interesting. Everything else really doesn't matter at the moment. Well done to Hanno and Scott on getting our finances sorted though. It's puts us on a solid footing to weather the usual African delays without needing to go back to the market. AIMHO GLA

Suppose we should be happy about this. More little traders jumping in on Zioc is good news for Shard building our coffers. We're all here for the buy-out, which will happen at some point, and hopefully not in the distant future. To the small traders jumping in, welcome. You could make 10's of thousands if you hold here for long enough. GLA

Reckon this could be a better pump than usual - too many tiny ****ty little trades flowing through. I just hope Shard are taking advantage and getting us an extra 33% in cash while this lasts. If you're selling 1m shares for £85k versus £65k then it can add up to a decent amount of pocket change if this lasts for a while longer. Hopefully the rumors start to swirl and they can start getting shares away in the double digits. AIMHO GLA

Even if 2021 fcf is $30m at current oil and gas prices (mid-point of Tony's estimates) then we should be sitting at £120m Mcap minimum (only 5x fcf). That doesn't leave anything for f/o or extra production from drilling. That gives us a sp of 17p, which means either we're the most undervalued stock on AIM based on fundamentals alone, or mgt have been talking utter b@ll@cks again. Let's hope it's the former. GLA

Well we have 1 more week to get news on the EPC & O&M contracts before Chinese New Year, which means a few more weeks before we will receive anything. One would also hope for a general partner update alongside this release. As for the tariff, I believe Hanno mentioned they should receive first-round feedback late January to mid February. So again just 1 week for that to be released, which will likely require a response from CMEC who will be on CNY break. I can see all this drifting into March or beyond based on timeline experience with nccl. Matters not, so long as the news when released is overwhelmingly positive. AIMHO GLA

Delays can be read any which way, but as Tony has pointed out it's usually resulted with bad news coming from these guys. Let's hope this time will be the start of +ve late news. Let's also hope they recognize it's better to get bad news out early if they're going to back out on promises (divi payment, f/o deal falling over etc), or miss the financials they've provided to the market. No point compounding the problems by releasing negative news late. Something indeed could be afoot. But then again the delay could be down to them not having a grasp on what they've bought, or they could be trying to find something positive to release with missing their primary deliverables. Or they could of course be about to make an acquisition, which may / may not include more massive dilution of PIs who they haven't shown any real concern about to date. Take your pick. I simply want an update. I see no reason why they cannot release what they've got, and make more releases over the coming weeks e.g. f/o, acquisition etc. This is why I think they may not have a solid understanding of the assets, which is why fcf and divi news are overdue. AIMHO GLA

I think we've debated future oil prices on here a few times and there's solid arguments for both +$60 or $50's for an extended period of time. What I will say for certain is oil price matters a whole lot more when you know your b/e price. On that note where the f@ck is our update. No bull**** Covid excuses as well. These guys have had enough time to understand what they bought. And they've most certainly had enough time to provide the market with an update to match their claims. Given it's late, it better be a good one. If we get a classic market close RNS saying they're full of **** then I'm likely to take a baseball bat to the next AGM. The Capitol will look like a picnic if the bod have hoodwinked us all.

As for ENQ, well there's no point comparing this purchase with ours until we have our numbers. The only commonality is 10kboepd. They're not priced like us. The resource mix isn't the same. We don't know any of our financials, or theirs particularly well for that matter. Waste of time if you ask me.

Now where's that bloody update!!! GLA

Lucky, we know roughly the production rates are 9 - 9.5k boepd. I don't really care too much if it's a couple of hundred boepd one way or another. What I do care about is fcf, and hence divi payment. Anyone can go out and buy a producer, it's the profitability of that producer (and 2P reserves) that matter most.

Drilling makes sense if the acquisitions worth progressing are valued at a multiple that's too high. If the multiple is reasonable then sure go for the acquisition, but funded primarily through debt. But if mgt think it's ok to substantially dilute PIs even further they will have proven themselves to be utter c@nts who care only for themselves and their banker mates. They will be effectively awarding themselves free shares by going and buying something that will be ultimately paid for by a decrease in PI value and supplemented by debt. The thought of that happening makes my blood boil. If however they 'earn' their free shares through good mgt e.g. production increases and / or f/o, then I'm fine for them to receive a bonus. In summary, they should only look to dilute for a great acquisition, when we're in double digits, and for no more than 20% dilution. The rest should be debt funded. Keep in mind they pay themselves a salary that rivals those of bigger O&G companies. And, they haven't proven anything yet, other than an ability to make big claims and miss said targets. Right now, we're overdue the news that might start clearing their names. They better deliver this time. GLA

Duster, seriously stop making **** up - 'F/o news is good hence the delay', 'Covid holding things up' etc. You're a new investor here with a great average, so far more optimistic than long-term holders because you haven't had to deal with the disappointment the bod have delivered in the past. The sp gives you a hint of it. Just sit back and hope for the best. If they deliver on their promises we'll get a good re-rate. But to what level is anyone's guess as it depends on just how good the news happens to be. GLA

Again, can't disagree with that comment Gaf.

DShox, if Tony spends the considerable amount of time to get another partner over the line ARS will have even less money in the coffers, and will be even more desperate when it comes to any agreement. That would mean Tony has learnt nothing. He needs cash in the bank and a shovel ready mine before he starts haggling over any new deal. The guy has given up at least twice as many shares as necessary to get to this point because he never raised enough, and often at the wrong times. If he's truly learnt something he should allow PIs to participate to get their averages down, rather than just giving another partner a free run at what many on here have been paying to build over many years. He can still do the deal with a partner later, it's just he can do a better deal with cash in the bank, plus he won't be f@cking over his PIs this time round.

Agreed Gaf, but if Tony raises a few £m and dilutes by say 10% then AE will find life a lot harder to force any t/o. ARS will also get some much needed funds so they can agree terms with another more reputable partner. And of course time to et that last bloody permit. Tony has indeed f@cked things up, but he can set the company on the right course by doing a raise and killing two birds (AE and lack of cash) with one stone. He really needs to get that permit sorted, because without it any future partner will have him over a barrel. AIMHO

Fellas I think you'll find that Leonard (CFO) was the 'local' who came as part of the AE deal, and no doubt close to the shady characters behind AE. I remember when he was given the role many on here questioned his experience and why they would be appointing a CFO when they had so little cash in the bank. He's obviously come as part of the AE agreement and now it has been cancelled they're trying to get the board removed and their man as Chairman. Sth East Asia may as well be Africa. The whole place stinks of corruption and this is an example of it at the crudest, clumsiest and most base level. Tony should never have gotten involved with these shysters. And he certainly shouldn't have allowed one of them into the company, let alone having access to the money room. The whole thing is embarrassing for all involved.

No doubt in my mind they should be hedging a decent % of production (33% to 50% of the next year's production). Everyone thinks poo is only going up in the near future without thinking how much it has gone up recently mainly due to OPEC production cuts (SA in particular). There's a lot of oil that's being held back at the moment that can be relatively easily turned back on. I believe once demand starts getting back to normal we'll see that easily accounted for by OPEC+ pumping as much oil as possible to ensure we don't get out of the low to mid $50 range to keep the pressure on US shale. If i3e can hedge near the mid-50's they should do it. Should poo go to $60 they're not missing out on much, and will be selling most of their production at this level anyway. They will however have de-risked the company from any future short term shocks and provided stability for future growth through acquisitions. If poo is $65 in a year they can do a new hedge and so on.

People also need to keep in mind the dividend will provide an initial mini re-rate, but the most important element is it will provide a new sp floor, especially with a decent % of production hedged. The sp will make it's future gains and re-rates from increased production (resulting in greater dividend), acquisitions (resulting in greater dividend) and exploration. They've taken a lot of risks with investor money in the past and it didn't turn out so well. They're now in a unique position to drive consistent growth, even if poo drops back into the 40's. They should take this opportunity.

In the meantime the market is mostly green and my equal biggest investment continues to languish whilst we await news. They need to get their f@ckign skates on. AIMHO GLA