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It is drivel because it is either a lie or you are misinformed or you have difficulty reading.

Let me repeat for you again.

He did not reduce his position/sell stock. He sold some some stock personally and then bought more stock in his pension fund. Overall, overall as a result of the transactions, his net trades as declared in the RNS is that he increased his position. Full stop, no other interpretation, no other qualification: he increased his position. If you think you evidence that he has made a false declaration, I suggest you take it up elsewhere.

It is quite common for people to move stock out of their personal name and into their ISA or their pension fund where they can. It doesn't mean that they have sold stock except that they have to sell stock to facilitate the movement of the stock from the personal holding to the ISA or pension.

HMRC used to allow people to transfer in specie to the pension fund but this was stopped post the SIPPChoice case. Anyone who wants to move stock to their ISA or their pension fund now has to sell in the market and buy back.

https://www.addleshawgoddard.com/en/insights/insights-briefings/2020/pensions/sippchoice-case-transfer-of-shares-not-contributions-for-tax-relief-purposes/#:~:text=In%20a%20case%20which%20has,being%20entitled%20to%20tax%20relief.

DYOR

Robins, I don't care what you think. Your response is typical. Come out with some drivel that is wrong (that he sold shares/reduced his position), get put straight and then respond changing the subject.

He didn't reduce his position, he increased it. Why not stick to the truth instead of making stuff up?

DYOR

https://twitter.com/RRR_RedRock/status/1557311152090144769?s=20&t=ZvMldbCpJ-e-sDCJRw5jlA

It is not my fault if you can't read.

1. He is not my boss
2. He sold some shares in his name and then bought more shares in his pension fund. Net he increased his position rather than reduced his position.
3. He has just traded which means that he is not in possession of market sensitive information otherwise he could not trade. The RNS the other day is what is called a "cleansing RNS": it was issued to enable him to trade. If he doesn't have market sensitive information, what makes you think that I would have it? AB has better information than anyone but he increased his position: why do you think that might be?
4. Re the Reuters link, switch your brain on and think about it why it might be relevant to RRR operating in the DRC.

DYOR

https://www.reuters.com/world/africa/dead-heat-kenya-presidency-election-results-trickle-2022-08-11/

I am reliably informed that Ruto is leading at the moment.

https://www.theguardian.com/environment/2022/aug/10/us-drc-democratic-republic-congo-protection-rainforest-peatlands-aoe

https://twitter.com/staunovo/status/1557638609162964995?t=ju7aI-Ql5T-v_D-4oDETDw&s=19

https://twitter.com/lithiumforum/status/1556526707955437570?t=Nx-WXIpvcUbGTr6MTzgWbA&s=19

https://www.ft.com/content/137e38d3-c0e5-493b-9690-7c2fae36483f

"I imagine........" so I don't know anything but let me make something up.

Just trolls who got it wrong ten years ago and won't let it go. Pretty much like on most BBs including this one. Sad really. There is always some group of trolls that get even more upset if the company in question comes out with good news. Bad news, they are ecstatic. News that they don't understand, they do both; upset and ecstatic. It is a form of self-flagellation.

DYOR

https://twitter.com/RRR_RedRock/status/1555467919907241985?t=CDGRGp4D8XAaDkctmcD4MA&s=19

As I said wriggly people.

He had to put something out.

DYOR

https://twitter.com/graddhybpc/status/1555262135214772230?t=Bj28B8GggdxoUCVEmp_rJQ&s=19

Janica, why do you feel the need to prove you don't understand anything?

If you watched that video from yesterday you would understand the analysis or if you looked at some of the tweets from commentators on OPEC.

There is no spare capacity, it is a fantasy. The oil price is down because Biden is pumping out of the SPR and people think a recession is coming and it will curb oil demand.

Pumping from SPR is a one off, it can't be repeated. Once it has been used that is the end of it.

Demand has not fully recovered in the West, the Airlines are not back on full blob and China is still in a partial lockdown. That extra demand is 2.5mil/3.5mil barrels a day. The supply doesn't exist, the demand can only be met by drawing down on stocks: that has been happening, it can't continue for very long.

On top of that the trend increase in demand (outside of exogenous shocks) is 2.5mil/3mil pa. The normal decline is about 9% pa. If we take current supply to be 100 mil BOPD, we lose 9mil bopd because of decline, we add about 2.5mil bopd of trend: it means we need to add about 11.5mil bopd of replacement supply: it is not happening. Saudi and Kuwait have said that they can bring a large field online in 2027 that will take Saudi to 13mil bopd but the field is mainly gas.

On a two year view, we are now looking at $300 oil. Over the next few months it goes back to $120+ and then it depends how things go but the stocks can't be used twice and they are not getting refilled at current supply levels.

DYOR

PS I am not locked in. I sold all my placing shares around 0.65p/0.7p. Exercised some 0.35p warrants, sold them at just over 0.7p and then bought back £10k on a drop back. No way, can I be regarded as locked in. £10k is not a lot and I am happy to wait. The £10k was just a trade for a bounce. So my holding is in no way different from yours.

I would like to be able to trade out a decent profit and if I have to wait that is okay.

Lets see, I might even be tempted to buy in big or exercise my out of the money 0.35p warrants. Higher oil prices are coming down the track regardless that the Biden administration is trying to manipulate things. I reckon we are looking at $120+ by the end of November. There is no NG to go around and there will be NG/Oil substitution going on. USNG is currently $8.10, I suspect it is going to $15.00 if the Biden administration doesn't stop LNG exports. $15.00 NG underpins the WTI price.

DYOR

The reason I have not commented is that I don't see it as relevant. Who cares what it was pre-COVID? Why would that be relevant?

Psychologically, to get to 3p is a big jump. If it had been trading at 1.5p for maybe 6/9 months and the wind was favourable then maybe you would get the jump. The problem with 3p is that people would look around and say, "well people were paying 0.35p not so long ago, where is the 8x up in value".

It doesn't help that your little trolling gang is on here and elsewhere 24/7 besmirching the company and anyone who dares to pop their head above the parapet: it doesn't bother me (as I have shown) but it does put other people off.

I still think that the existing assets give a good base to work from. I still think that the best way forward is for someone to reverse in an O&G transaction of some size. There are O&G deals out there looking for homes: I have seen three new ones in recent weeks and I am in two transactions that will list with O&G deals fairly soon.

If NTOG can deliver some upside from its Pine Mills optimisation programme and a new well with Cypress then it might start moving. Get an extra 20/25 out of PM for not much money and another 140bopd well with Cypress and I think it looks a lot better.

If Texas RRC comes back with the uprated field limit and then Cypress commits to another 2 wells that would be a big upside. The Fouke wells doing 140bopd is a bit different from 80bopd. If they get a positive result from RRC then they will upgrade the topside kit at Fouke #1 and take the production there up to 140bopd. 3 x 140bopd x 32.5% at $120 with lift costs <$10 is good money. It is a pity that they can probably only do 6 wells with Cypress on the JV acreage.

DYOR

Yeah, yeah. "I haven't watched it but I can guess 95% of it". Well you have just confirmed what I said earlier.

Good luck with your 3p to break even. Maybe if you were open to new information and new analysis, you wouldn't need 3p?

DYOR

Very good news for Tomco. The compartive analysis is that Tomco has got itself a really good deal on the terms with PQE.

https://www.stocktitan.net/news/PQEFF/petroteq-executes-loi-for-license-rlvk26paf4co.html

I wish I did have a perfect trading record but I tend to leave more on the table than I should.