Member Info for GosiaS

And if those articles were not enough, please see:
http://pointblanknews.com/pbn/exclusive/list-of-marginal-oil-bloc-winners-linked-to-100million-bribe-exposed-southern-leaders-protest-award-to-buharis-aide/
That one is mind blowing. It seems the entry ticket is from $5mln up, dependant on God knows what. Plus cost of starting production and then sharing profit with the gov and another party. I wonder what AC will decide here.

https://www.reuters.com/business/energy/nigeria-awards-marginal-oilfields-50-shortlisted-firms-regulator-2021-06-01/
That's another article from a decent source showing what happened last time in 2002 when marginal fields were awarded for 24 fields of which 13 were revoked. Now the awards only are expected to generate $600mln alone and ZEN may end up with the field located in swamps with a partner from hell. Too many unknowns here, too many variables and too much costs up front. It's a roulette and it may ends ugly imo (as it did for over 50% licences last time).

Takeyourbets, I am not deramping. I am invested here at £0.013 here. Yes, I should call that a Russian roulette, but you know, Russia is not in Africa last time I have checked. And I am really concerned about the bid from what I have read from the article. It may not turn into money making pot.

Agree with Nicetomichu after reading the article about the tender winners announcement and how the companies are paired. It's not looking good IMO. It smells of corruption and manipulation big time to me. Again, it's potentially an expensive and deadly roulette that may cost the business more trouble and hassle than it is worth.

It's a good prospective and we'll managed company and shares will reflect this sooner or later. I would prefer that the price stays as is until we have RNS or other good news supported by BoD. Otherwise we will be on a share price rollercoaster attracting all sorts of day traders and shorters ramping and deramping this share and destabilising it. The latest RNS confirms that BoD is of the same opinion and that's why I am invested here in my SIPP and ISA.

Thanks for sharing this link. Looking forward to see the video of it

These are excellent news! We need now clinical trials! This is good news for everyone: shareholders and patients

I mean: can't sell them same way (i.e. via website or app).

I've asked II broker on the phone why I can buy no problem those shares, but I can sell them same way. He said it's because these are international shares. Maybe same lame excuse is used by HL?

Reading from it:
"The DPR did not provide a full list of winners and did not respond to a request for details."
There has been criticism of the way in which the DPR oversaw the process, particularly of the way in which it created “arranged marriages” between companies.

"Broad Global Energy’s managing director Pere-ebi Tiemo, on Linkedin, noted that financing had been complicated as companies lacked award letters. Furthermore, he said, the DPR had carried out the allocations through a “mysterious equity sharing formula”.
There are instances, Tiemo said, where “multiple winners of each marginal field do not know each other”."

Sounds like a good old fashion envelope competition under the table. The remaining contestants entered into an auction... How anyone can make a sensible business in this Congolesian roulette? I am now really intrigued what AC will do. Maybe dumping this mad bid and going solo with other opportunities is a better option overall?

Take a look at this one! https://www.energyvoice.com/oilandgas/africa/ep-africa/327340/nigerias-dpr-awarded-marginal
Sounds like bad comedy.

No access to the article or list of winners. I wonder if ZEN is still a part of it. Surely we should see RNS stating either.

I've noticed, but do I have to ramp or deramp because of it? ;-) This is a good strategy to ensure the products are compliant and representative for what these are designed for. Good proven data plus compliance is an indication of the BoD that plans the market entry in a savvy way.

Show not shower

It's sounds like witch hunting has begun. And it is very well planned. BBC is government dependant and never goes against the current government strategy. FCA will jump into this no doubt followed by a hefty penalty that will end any Amigo recovery plans and get money of their bank account. As for us customers, creditors and shareholders, well, life will go on as usual- each of us will end up with less. I maybe on a negative side today, but FCA or the judge or Amigo didn't shower any sensible way out of this situation.

Looking good. Just missing news on Tilapia and Congo.

All new jobs must be suspended until this situation is resolved either way. Then restructurisation will follow regardless of the outcome. Without SOA in place and without ability to trade, AMIGO must tighten the belt and save every penny. I suspect there will be job cuts to slim the business and limit expenses.

What surprises me is the statement: “He said the FCA needs “to work much more closely and place more effort on the supply side to try and get business models working”.

Sounds sarcastic to me looking at how this was executed in case of Amigo.

Well, maybe Bion RNS positioning themselves in this situation would be good.

I actually enjoy reading a healthy conversation between people on BB. It's good to see both sides arguments as long as these are above usual "boom to the moon" or "you must be ... to buy these shares". I am also learning a lot from those more wiser or experienced than me. At the end each of us will do what he/she thinks or want to do.