Member Info for gus0

" It is likely that additional funds will be sought" If you read the text I see no mention of placing for new shares. I still think something is brewing and its not a placing, especially so at this level. I am heartened at the RKH news which is a positive for us because as always when one starts, others follow. Finally our asset is very much needed and will be the transition fuel going forward. Like Tincan mentioned, I would also like to see an update asap but presume we won't hear anything until the New Year.

Well Falklands back ON again, will BOR follow RKH with our more valued asset of liquified gas than a medium crude?

Millions on the bid yesterday and increased today, albeit at a cheeky 0.65-0.69 but nevertheless a reasonable buyer awaits.
Trouble is, there are no volume sellers at that level so I fancy a push on up to a penny shortly, and no its not very exciting but at least positive.

Interesting today............

Weird trades going through of late, volume a lot more than usual. Looks like Bot activity to some degree, but value higher than normal. Cant work out what are sells and what are buys (nor can LSE) just really really strange and I am not sure what the goal is. The book rides down to gobble up the weak askers and the bid rides up to tempt a few, trades are scavenging in nature and nothing big at all.

Weird stuff.

Farm out discussions have been underway for years, just haven't been concluded. Many reasons given, geography, low prices (now high prices), etc etc etc. Agree can't carry on forever, if they can't farm it out then they need to sell it. Great geologists on the board but useless sales people. My only hope in the board being so stubborn for their farm out quest is that they actually see light at the end of this long tunnel.

Polar Bear- No correction doughnut , I also read the RNS. I said they won't lose the licence on the basis that some form of funding will be secured, even little old ARG secured theirs after raiding the piggy bank. It really insn't a biggie.

Sunzoo, exploratory data only....... not the nuts and bolts old feather. Why are you here by the way?????????

Sunzoo, Bor wont lose the licence for starters and everything earned on the acreage is ours only. Something is bubbling here and i don't think its a raise, i think its their plan B whatever that maybe. We will know sooner or later, later being January i presume as per their RNS.

I think this will be bought out soon for a low price, its the obvious conclusion now. Why would anyone farm in for 50/60%, pay a shed load for past costs and fund drilling when they can buy 100%, have it all for a lot less and replace the board with their own people. Subject to shareholders of course, what would the price be? Probably 10-15p I suspect and what a shame that would be. Who knows though, something will be happening soon I think!

As I said before, lets hope Harry has a trick up his sleeve. The board (or us) aren't getting any younger

BB, Bor have done everything and just need to finance the next steps, as do RKH and ARG who in my humble opinion are in a place that is much worse than ours. Arg- no discovery, just an assumption something is there and no cash or partner. Rkh- some cash but financial obligations much more, no partner and technically insolvent.

On another note interesting messing around by the MM'S today, went into auction at 4pm and didn't end........ something en route through the RNS?

Rumble- Phil has you filtered.

You either sell, buy or hold here. Its quite simple.

Like I keep on saying, all good assets get realised in the end.

I did READ what you said and I didn't understand it, yes we know they are skint and they have been for a long time now. They also know this, which is why I hope they have the foresight to have a plan B. Harry didn't earn his fortune with luck, so lets hope he has something up his sleeve, after all he is the financial wizard.

Big Bear, what are you smoking. 50mill raise my arse, also you mention that we (foolishly) didn't appraise!! It was a discovery well you tool! Appraisal is what we are seeking now, we have liquified gas and it will pump like no other mate. It aint sticky oil stuck in sandstone.....

Our asset is huge and a better find than Sea Lion with their medium grade crude.

Darwin is a beast which is why (rightly or wrongly) the board are sticking to their guns.

All the best believers.

Hi Phil, I am not even sure how my shareholding is disclosed but I haven't got 7 million shares, I said nearly which means well above 6 million but not 7.

Its my investment decision based on the asset we have and based on the email sent to me by Obee, I will stick with it to the end.

Great assets are always realised in the end, you just need to avoid the noise en route.

All the best believers.

Time to put the money where your mouth is Harry, who has rather a lot of it by the way. We cannot keep kicking the can down the road, we either have interest or none. A deadline should be set for interested parties, if no interest of farm in then we sell the asset for as much as we can get for it. It's not their company, its ours and we should all have a say. Blimey I own something like 1.5% so I reserve the right to moan at least.

Harry can finance the board personally if there is something on the way without diluting himself, by way of unsecured loan. The board can accept shares in lieu of salary or we can issue a bond raise to mature in 3-5 years or whatever which is a little difficult because what security do they have?

Shares raise, at this level??? Surely not, never before have I seen this happen at such a low level and with such a high asset value.

Come on Harry pull something out of the bag for us, or just put the for sale sign up. Most would take 10p to put us out of our misery, or is there something on the table?

I am here till the end, regardless.

Market cap £ 3million ish, asset is currently worth £38 .34 Billion USD/ Roughly £28.20 Billion Pounds. Give or take a £1. Somebody surely somewhere will have this!!

Phil. My post is an opinion that is all, it would beggar belief to raise at this level. The board have had ample time to see the day coming and ample time to prepare. If they lose the major shareholders then they lose their jobs and hand their discovery to someone else. One of the irritating things the board says every year, is the lack of farming out is because of market conditions and not their own failure to finish the job, Its probably a bit of both. I am also here till the end.

I didn't really want to reply but there are 485 million shares in circulation, my share holding is not even 2%. You are obviously not very clever, buy a calculator which may help but you need to learn how to turn it on first which may take a while.

I well below 3% of the shares in circulation, so no need to notify! I would need nearly 15 million shares to breach this level. I certainly won't be going there.

Rumblefish, dont question my opinion you illiterate fool. One that cannot put plain English into a paragraph correctly!

I hold nearly 7 million shares here pond life, go and crawl under the nearest rock please. I am well versed with what the f is going on here, otherwise why would i hold 7 mill and plan to increase?

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