Member Info for highlandmatt

I thought Simply Wall At articles were someone's IT project to autogenerate articles, just taking various numbers from the web and plugging in to a template.

I could sell them a 2p piece for £10 that would give an instant result and be more accurate than that!

No. I want the share price as low as possible for as long as possible, before the bidding war, so I can accumulate more.

Excellent. Buy backs plus 1.5c US per quarter dividend.

https://www.bbc.co.uk/news/health-65042224

Now is a good time to load up.

LTHs were given the opportunity to participate at 0.11p via Primary Bid.

10.5 billion shares at 0.11p, implied value of £11m. £5m in cash, so valuing the assets at £6m (about $2 per barrel in the ground).

As soon as funds are available I'm shovelling in here. 3,4,5p won't matter when this breaks cover.

The important thing is it is happening and is funded.

What are the current operations in Europe, Africa and East Asia?

Ola - the geology at Mou3 is slightly different - no slump apparently.

Ola - no. Mou2 clay Vs mud remains unresolved as far as we know.

We have no assets, no cash, no income. We need an acquisition. Onshore so it is cheap to develop. This ticks a lot of boxes. What is the alternative?

Just had notification from Primary Bid that I will receive the shares I asked for, at 0.11p. Admission planned 11 April.

My understanding is we are planning rig-less testing, so would have the drilling rig and the testing rig available. Therefore can deploy concurrently?

Test 1, drill 3, test 3, drill 2, test 2? Enough work to keep the testing kit in country while they drill 3.

My thinking is the order will be drill 3, test 1 and 3, finish drilling 2, test 2.

If 1 and 3 test and flow successfully, proving gas in the lower sands, below the clay, then it gives the option that 2 can be completed slowly without logging, as an Appraisal of areal extent.

The 'placing price' is the fund raising price. That's the price shares have been sold at. Do you mean the 'relist price'? I.e. the price it opens at when readmitted?

Especially when the RNS this morning says the placing is at 0.11p.