Member Info for hand-some

thanks for this. so the answer to my original question is that, although they did get rid of lot of debt and have deferred others, they are not debt free.

I cant quite figure out if they are now completely debt free after last equity conversion as the latest presentation still say they owe $12m to creditors? if that is so why are ppl saying its debt free?
Thanks

my friend there are lots of ppl spouting buy buy nonsense without even understanding the dynamics of pricing in the Ukraine market.. so Ill give you that BUT again you are talking nonsense. 1 year to drill well haha...they spudded in Mid July and completed say in Mid Jan - reached the target depth. how on earth is that 1 year??? even the previous well they did before time and nowhere near 1 year!
They spent $10m before this quarter? again nonsense. even if they did why their cash pile did not decrease accordingly in previous or this quarter?? because as you say they are spending more than they are earning so the cash pile should be decreasing massively every quarter as they drill ESPECIALLY when gas prices were for months lowest in years around 3000-4000 UAH/Mm3

oh my are you talking nonsense my friend..they just finished drilling a new appraisal well in last quarter and their cash pile increased by $6M so how does that tally against them spending on Capex more than they can earn??

I thought they got rid of all debt in last placing - converted it into equity or am I missing something?

am a bit confused as to how much debt they have left after the debt to equity conversion and loan note. can anyone shed more light?

thanks

The question is who are these guys and Why would they get 20% of JKX? Who is Oleksander Shnir..just a front name?
Would you invest some 13M pounds in JKX without hoping for returns or maybe is this part of some bigger game?

Today we are coming up to second highest volume of shares traded in last 5 years. That's telling!
Ukraine energy exchange prices are jumping and will soon see the effects here. Is there more going on here? I hope so..maybe dividends announcement or even better some deal with ENW. Am invested in both and topped up here at 17 p last week.

Best wishes to all SH

Tiburn I appreciate the effort to do the research and write this down for us. You make very good analysis of the current situation and potential in here. I am heavily invested so hope it comes good for us all.
Best to all

good update. key is that there is nothing spectacular on the negative side. If I do a quick calculation on say approx average figures between Q1 and Q2 we are good for around $ 61 M revenue for this year which is around 40% less than reported 2019 revenue of $ 101.7 M. This will mean around $15 M profit for the year. I assumed production slightly less than 11K they said they currently have and have assumed lower oil price of $35. I have not included any major increase in gas prices. If these increase by end of the year and overall boe is maintained at around 11k figures could be closer to $80M+. So how do we value JKX based on these figures 2.5 x profit with no debt and no cash of $14.5M + $1.7M (oil stock) included in the valuation. Surely this is worth at least double that even without predicted recovery in gas prices?

Notmyjob do you even read most recent company report which was quarterly on 15th April? don't rely on twitter info that someone spreads. Cant you even read 3 messages below yours? There is a value here but lets get the facts right - they do not have $21M in cash!

ok my friend if you are invested all the best to you.

my friend you are now talking nonsense. you are right that some clueless people are ramping it on twitter but you are now deramping it with nonsense. it was 31p pre Covid in Jan and then it fell aligned will drastic fall of the gas price. currently gas prices lowest in last 10 years and there are already signs of recovery for European gas prices in months ahead. Also, inspite of issues around few wells they have grown their production from 2018 by 2000bbl/day and increased cash flow not to mention International arbitration award of I think $12M that's not been collected yet and therefore not reflected in the sp. So pic not as rosy as some represent but the value and potential is clearly there from this 20p value

Been following JKX for ages without investing as I didn't like the silly debt they had. After they got rid of it for it was a sign of a ell run and balanced company so having missed Covid drop (invested elsewhere) I bought in yesterday in few tranches so have 100,000 shares at 17p average. I see lots of people are pushing for JKX on twitter and some really good points to support the investment case but ppl get so silly and don't read. Everyone on twitter keeps claiming they have $20.7 Mil in cash which was from Final results in March but they completely missed Quarterly update just two weeks later in which $14.7 mil in cash is clearly mentioned. People get carried away without doing the research. JKX obviously spent lots of money from end of last year on drilling rig and sidetracks, acid jobs etc. What they spent full $6M on exactly I am not sure - was it part of last debt repayment? Also oil and gas inventories reduced by half to $2.4 M which many people missed. Anyway I think value and upside is still there despite todays rise and I expect further rise that's why I invested yesterday.
Best to all

the fact is that Forum just spent £420,205 and have spent at least another 40-50k on their existing 10M if they bought them all at recent lows but have maybe spent more.

Sooo..there is obviously value upside they see from here, either in believing in the asset and developing it themselves with ZEN or flipping their part for bigger price to someone else.. assuming Congo approves ZEN deal. Why is sp still below 0.5 is beyond me. This is also in line with Align still fighting for it.
Things Are Not What They Seem

Interesting that Forum already had 2.5 % of AAOG. So they had 10M shares before this. Maybe this is a good sign as they will invest to create shareholder value for their residual 10M and for 80M they got from CLN

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Position of previous notification (if

applicable)

2.52% (not notifiable

well Align will need to find 49.4 to vote No as my 1.6% has been cast for No!

thanks Tiburn. what % of vote ensures one way or another?
So you are saying Align are waiting with their offer depending in how the vote goes? isnt that risky strategy?

fyi drshare1. i and friends have voted No with 6.5 Mil shares so you can add that to the total. i sent copy of my proxy direct to Ms Cope

good one Rodders..what an amazing absolotely not conceited 'rational thought' guru you are..My Goddd!
Get over yourself Man!