Member Info for gus0

Happy, I am sure Dobson wouldn't be throwing money at this time and time again if there was no hope or progress (he just invested another £350k and has now invested millions. In addition our major shareholders still believe as do all current holders, it seems that people who has no investment here such as yourself do not believe- but that doesn't really matter does it. I don't believe in the RKH story either (where you are invested) but I don't post on that board with bull*it like you do here. Morally bankrupt possibly applies to you.

As mentioned earlier- I quite like this"Scoping project economics by Management suggest that a phased development project with initial production of 26,000 bbl/d from Darwin East could deliver NPV10 of $4/bbl to $10/bbl dependent on oil price (range $60 to $90 per barrel)" Discounted net profit forecast, which includes all Capex repayment and Opex plus all other costs (apart from tax). This at least shows the micro development to start with is now fully costed, and probably needs box ticking from the external authority that is conducting an independent review. If the above can go ahead with a willing partner, this stock will be hot property and a massive re rate will take place. I am holding till I get my 50p+ (am in no big rush but very impatient and frustrated like everyone)

And a 1.92 trade to finally put us out of our misery until tomorrow. Nearly 40% down and very over the top for a heavily discounted 20% dilution of stock. If they double bubbled and issued another 500k odd shares with 40% discount, then fair enough but this didn't happen. Markets always over step their marks up and down, this is a golden buying opportunity for some.

£5 million profit a month from the micro development, AFTER all costs including CAPEX repayment. Presuming a price of oil is at 75 usd which is likely in any event. Compelling investment case.

A LOT of buying at this level

I bought a big dollop this morning, lovely jubbly

639 million shares is still acceptable for me, with such a big asset. Just don't want it to increase anymore (obviously). Board need to get this project over the line in 2023.

Interesting valuation, nett present value discounted at 10% on a micro development (to start with) of 26,000 barrels per day will deliver £1.28 million per week before tax but after all costs including Capex repayment and Opex. Based at 7 dollars with an oil price of 75 usd, not sure many took note of this carrot amongst the carnage. Makes this stock a compelling investment despite the very very slow progress by the very slow board.

Well Neil777, just grabbed some more for my sins at this bargain price.

Flundra, interest, potential partners is a different script. Today is about the raise only. Our asset is superb and its not going anywhere, my main doubt is the board and their ability to complete this project, 11 years nearly which is a clear statement of failure in my opinion. Perhaps they will prove me wrong, Harry has the faith in them after all with buying another 20 million shares.

Big discount for the placing which shows a lack of appetite in my opinion, not happy about the discount. My main concern is the board, do they have what it takes to get this project over the line and why didn't they dig deep in their own pockets like Harry? With a bit of luck we will get taken over in 2023 and they will be looking for other work.

selling dried up, less than 7000 sold today and 10% down! The rest all buys, one of which is mine.

Lets hope that we finally have our farm out shortly (or takeover- I don't care which) The board aren't getting any younger, Obee is nearly 64 and Dobson 73..... they need to make a final decision soon on something. The road has run out of can kicking space............

if there is one........ what's the chance that an agreement is being drafter now for farm in? And i wonder where our external opinion is for the micro development opinion?

Uncrossed trade for 13 pence just knocked off £2 million pounds of our market cap, really ridiculous aim is sometimes.

just topped up another 275,000/ 3 bits

lumpy (ish) bloody predictive on the pc, unreal.

some lumpy (fish) sells going through and being gobbled up with thanks. Haven't seen a holdings RNS (either way) for a long time, wonder if something is on its way...

Agreed easp. There is absolutely no doubt in my reasonably intelligent mind that an offer to buy the company or to farm in will happen early doors 2023. The price can easily reach double digits very soon.

I can't find a stock with a better asset at such a low price anywhere, truly stupid price here but then again we haven't had any development progress for ten years- which is why. North Sea venturing will be cut now, who is going to speculate there when your profits are taxed at 75%+. News will be here soon though, hopefully an early xmas present.