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So comparing to Sproule report and their 2U reserves valuation this 1,072 MMcf of helium could be worth around $320 million. The fact that in their analysis they already used parameters consistent with Sproule study bodes well for future Sproule report coming close to this estimate. Add this to Sagebrush 2U reserves and you get huge number (probably on a conservative basis) of $400+ million. Compare this tu current MSMN enterprise value of just $10 million and you can see where this might be going.

Best to all shareholders!

How do those poor PIs who took on retail offer at 0.45p now feel?

Just this fact says that this whole situation, while maybe beneficial in the future, was very badly mismanaged

' Salem' lol...As soon as I saw your trolling, pompous, patronising ignorant posting history, I turned off!

Re: Geopark Repsol offer.

Combined production from these assets was approximately 16,000 boepd net to Repsol as of September 2024.

So purely based on production they are paying $530M/16,000=$33,125/boepd

Based on this AXL could be worth $33,125 x 5300 boepd= $175M , which is basically double today's AXL value.

If AXL can provide much improved reserves report as they are hinting at, I think most probably Parex will be chasing us and we will become dinner not the diner as MA wished....Actually am bit disappointed that AXL didnt acquire any other assets and grew also that way

Pretty obvious that presentation is pure sales pitch almost begging someone to buy them. Bold fonts,,emphasis on whats for sale, comparison to peers etc.

I do hope they find a buyer so that we can all move on

From famous Auld's grandmother who taught him that everything is for sale for a good price :)

You missed him talking to debt providers to speed things up depending on oil price. That is a huge mistake. Stay stable and grow from your cash resources or issue equity if you must but do not go into debt hole...once you are in debt and especially if oil price or something else goes wrong you are screwed.

One key attractiveness of AXL is the debt free organic growth from success and backed up by cash pile.

Marshal do not go into debt!

Gino what's wrong with you baby girl? You are justifying hatred on these boards. Which truth? that he is spouting white supremacist, islamaphobic rubbish on the board that should be about PTAL. He is saying he cant walk in London because of Islam..imagine if I said the same and added word JEWS because I saw the protesting. Are you scared of the Truth that you and him are haters that feel the need to spout that evil hate filled nonsense on share forum? How desperate and sick are you?

Now listen to me sunshine boy..I didnt start this first. If you or him for some stupid reason want to hate on Islam/Muslims/migrants and anyone that doesn't look like you and support burning of UK cities by right wing thugs and Nazis that's your problem but you better expect a response to your nonsense. So dont cry now Sunshine!

Squeaky chairs throughout the presentation - so annoying and ridiculous

Again everyone is at fault for low share price except them, its markets fault ..blah blah absolutely no self reflection

Fumbling..no clear plan with timeline on any assets..giving contradictory info comparing whats on slides - Now Romania somehow has 188Mboe of 2P reserves while slide says 0.36..oh myyy

Angola is out..so what will you do next hmm ahhh..our growth is our existing assets..so why did you then waste time with this Angola bidding????no Strategy at all. What was the strategy behind Angola and what about other opportunities? Cmonnn you cant be so bad at your job guys!!

''We will develop this business on cash flow'' HOW Mr Audl HOOOWW? Show us the plan, with schedule and timeline..you are all over the place and completely incompetent

Even AGM voting is somehow in shambles..cmooon

That's how much Malcy knows who bought AXL at 18.5p from Canacol - hehe

Lets see what Askar/Meridian brings as they also own nice chunk of Petrotal and it served them good. He likes dividends over there I am sure

How much actual progress this past year?? - Minimal with lots of excuses and no clear direction

What have they communicated?? Minimal with lots of excuses and no clear direction

Do they deserve to stay?? - No! Business and share price performance for last 3 years clearly shows they failed

No. but thats a pretty much the only good thing

I use swissquote

Biggest 'danger' for us is for Parex or someone else to come with a bid for say 30-35 p and get us on the cheap. They will claim the usual stuff of offer price of 50 or 80% above closing price etc .etc. Malcy has implied in his last comments that something like this might not be surprising

Just got the 'Worthless liquidation" message on my trading account and AAOG completely removed. I lost lots of money, still cant believe how stupid they were afterwards not to utilize tax losses for some other company to get listed. What a silly investment for Mr. Forrest and co who lost themselves 500k.

Live and learn..

Thats quite amazing Botham. what they paid for 20% of Stanley and other leases is basically their whole market cap today. also oil price was lower at that time around $65-68. If they succeed in now selling their Stanley WI for say $2m just that should take us much higher

Not sure why they still keep this company going as they havent found any opportunity there to use tax losses. Whats the point?

So you reckon 3-4p will cover all this " FY 2022 final dividend, the interim H1 2023 dividend plus an additional "special" dividend "?

Thank you for well written and informative article!

They never fail to fail. incompetence is outstanding