Member Info for highlandmatt

A simple set of bonuses for various achievements would suffice?

Petermac - potential becomes reality with successful tests, where the company can state 'we have found pay this deep, a reservoir this big, which flows at this rate'.

As to when, how and how much - too many variables.

There were quite a few on here declaring that they were selling, intending to return in January. So a two month buying window?

I'm an advocate of retaining an ongoing interest. Even $16m for 20%, retaining 5%. Or more cash for all, but with a royalty payment in perpetuity (2% of revenues?)

AEX is carried to full development, up to $35m. So total spend $140m.

Everyone is entitled to their opinion. PB will do what he thinks best. Buffett apparently only reads annual reports, and he's done alright.

I don't think we'll get an RNS just for one legacy well, it's not material. Might get Twitter/Facebook. More likely when the Royston RNS comes out, they'll bundle other news in to that.

It's also on oilprice.com.

Sorry, typo, down 10%.

Below 2cad, down 20%, 115p.

Some will just be banking 40% in the last 2 weeks.

Close, Bob.
Janus was a Roman god. Depicted with two faces as looks both ways, to past and future. Associated with New Year (January) - review last year, look forward to next. https://en.wikipedia.org/wiki/Janus

Transition Energy.

Indeed Nate. Could be hero or zero. At the moment it is potential, risk/reward. That's why I said 'play' not 'discovery' or 'asset'. Plenty in the run up to the drill were clearly valuing the potential at £100m+.

Ha ha Sash. 3p? Are you serious? 3p would be an mcap of £18.5, with £10m in cash. You value the world's best and largest helium play at £8.5m?! That really is either blatant scaremongering or just plain daft.

And drilling Q1/Q2 is really not that long. Q1 is next quarter, but realistically March/April? Possible delay to May/Jun would still be within timescale. I'll be accumulating ahead of news.

I have 70% more shares than before MOU1 results.

So, progress check on the path to significant production.
Farm Out - tick
Development licence - tick
ARA support - tick
KN receivables - tick

Now carried to production, with low chance of dilution. Even the EPS numbers of 40mcfd would equate to $6.4m per annum and mcap of £45m. FFD of 140mcfd would be $22.4m pa and mcap £160m.

That wasn't the intention. Apologies if it came across as such.

Just a reminder for folks. This exploration in Africa for a globally important and scarce commodity. That means there will be periods of activity and periods of evaluation and planning, there will be peaks and troughs in the SP, there will be delays. However the prize is large and the company has cash in the bank and no debt. Buy the lows when folk sell through boredom. Remember Buffett 'the stock market is an efficient device for transferring wealth from the impatient to the patient'. This may settle lower, so accumulation in tranches may be wise. I'm happy to wait 6-12months to double or triple my money.