Member Info for highlandmatt

Or is the test now fully developed, and just awaiting trials?

Are you sure investing in African exploration is for you?

The rig should be nicely warmed up and run in when it gets to us.

Just got off the webchat with my broker. Hopefully this is helpful for folks.

1 - delisted shares cannot be held in the ISA.

2 - my holding will be transferred to my Share Account.

3 - it will show the number of shares, but Zero value (as there is no listing price on the stock exchange).

4 - communications will be passed on as usual, and they expect to receive more info as the process moves forward.

5 - disbursements from the liquidator will be deposited as cash in the account (sounds similar to how dividends appear, although they said the back office process is slightly different).

Hopefully this reassures.

You become the shareholder of a private company instead of a listed company.

Yes, it has caused quite a furore up here. The SNP/Green view is that this doesn't affect existing properties, and new properties should have insulation and a heat pump. The problem comes with power cuts, where a PV /battery back up is expensive and not guaranteed to work sufficiently in a winter storm. However, it is a political issue (keeps the Greens onside), and the majority don't live in the Highlands. However as you say, the logs I get from coppicing our trees are very low emission. I suspect there will be an exemption for Crofters and maybe 'flexibility' at the discretion of the local authority which may assuage most concerns.

The intention is to delist to save money, then enter a liquidation process, which the BOD will not control.

No, AI has just swiped that from Seabright's Reddit post.

Why are you thinking of voting against 2? Is there something in the articles of concern?

If our side hasn't been produced from, then if there is a connection, then any production we have would reduce pressure for BP?

I think I recall a proportion of production was hedged at $70 as part of the last funding?

Malcy stated himself on his blog comments.

https://www.malcysblog.com/2024/04/oil-price-chariot-touchstone-jadestone-and-finally/#comments

Daft question. Without an AIM listing, the company by default becomes a private company not a public company. It is still owned by it's shareholders, not the BOD. So what term would you have them use?

Without knowing all the shareholders, you can't form a partnership, so what legal entity would you propose?

Amimex BB reporting licence issued for Ntorya. Would bring FID, and another $3m a step closer.

Nope. Quite relaxed. They can tell us when there is something concrete to report. e.g. Sandjet has cleared customs and the crew is on way to the site.

But the company is not stating either/or. The plans are clearly to use Sandjet ASAP, but also to progress the Jurassic drill as well. Timing is uncertain due to paperwork and logistics, but the plan is there.

Both testing and drilling are planned.

Also mou1 is not our best well, so would undervalued us and remove the upside from the better wells discovered later.

That's not the point AV. The thrust is that LSE does not show valid company valuations. Some scoffed when PG said this, but it seems there is some truth in it.