Member Info for Hippy-76

Best source I could find so far on roadshow. Even has a picture of the people attending. Shame the image is a bit blurry. Was DH there? Maybe ;)

https://www.energyvoice.com/oilandgas/africa/ep-africa/475273/ghana-energy-licences-exploration/

Good to see some activity in Ghana:

https://www.myjoyonline.com/energy-minister-opens-2022-local-content-conference-reiterates-need-for-enhanced-oil-exploration-in-ghana/

If he’s moving his shares to an ISA, then he must be expecting to profit from them at some stage.

0.033 AUD at the mo, looking quite steady.

50m options in total.

Some additional options issued to cover cost of arranging placement. 3 year term with exercise price of 0.05.

http://clients3.weblink.com.au/pdf/88E/02416904.pdf

Thanks Rabito so you meant mobilized and returned. Duely noted. :)

I did say let's hope you are right... and I apologize as that may have sounded like i was implying that Rabito's post was fact, when he was clearly just making a suggestion of a possibility. However to be clear on my part too, yes it would be an assumption and not set in stone..

Thanks Rabito for the further clarification. I too had noticed The drilling and logging part and had questioned this myself. My thoughts at the time were around whether just drilling and logging would be sufficient for the interim and whether further funding would be required nearer the time. However my limited knowledge of the subject caused me to dismiss it. I am quite pleased you picked up on this too and have given me some further context to play with. Cheers dude. Let's hope you are right about the flow testing equipment still being on site. Anything that minimizes the risk of delays and further cost is a definite plus.

Thanks Rabito, that is very reassuring to know was starting to think that they were being to greedy. In which case if this covers the next drill and keeps the lights on for the next 12 months it cannot be a bad thing. :)

This was the link to the previous raise in feb. There was a lot more dilution back then as the SP was much lower:

https://www.lse.co.uk/rns/88E/result-of-placing-obzwsyvypkha033.html

They raised 12 million in February to cover both drills, which is why I felt that 15-20m was a bit much for just one. However Merlin 2 is a planned to drill much deeper than Merlin 1 so perhaps that’s why. However considering they have roughly 14m in the kitty already it does make you think.

Shame it would appear harrier is not mentioned in RNS.

I take it that’s 2.8 cents AUD not USD. Which would make that 1.5p. Let’s hope there is some encouraging news to go with this explaining exactly what the placing is for. IE: Merlin 1 & harrier. If this is true 15-20 million seems quite excessive for just the one drill.

The last placing they did in February was to cover Merlin 1 and the harrier drill, as they never went forward with harrier drill, it will be interesting to see how much this raise is for in comparison to the last.

Better to get it out the way now than later.

Thanks for your reply Scott, although I don't totally agree with the encouraging part, I do value peoples opinions, especially when they have put some thought into them. I agree that the USA do tend to get a little carried away with their posts. It can be quite entertaining to read and definitely more fun than reading some posts on here. However I do think it's important to keep a balanced view on your investment especially on AIM, otherwise you fall prey to seeing everything through rose tinted glasses.

Scientific discovery or not I do hope that Scott's recent post are just his honest opinions on the outcome of the results and not just an attempt to detract from what was a very encouraging move in the right direction. The fact is they did find good evidence of light oil and HB from this last drill and although not a fully blown announcements of a "scientific discovery" as Scott has pointed out. The company did confirm it was there best drill to date which must bowed well for the expectation of Merlin 2, which will be targeting the sands at a much deeper location. I'm sure that Scott as well as most others here will be looking forward to the next drill with very keen eyes. GLA.

Great finds Moda, these are excellent articles. Much prefer people posting constructive content like this on here. To many have being playing on people's fear in the short term of late, just to get a better entry, or worse posting inaccurate BS to put people off investing. Refreshing to see positive articles like this that underline the great potential for investors. Keep up the good work dude.

Thanks for the insight Rabito, I had figured that as they had planned last year to drill harrier immediately after Merlin 1, which unfortunately did not go to plan, that just maybe that would try to drill both this year too, but perhaps you are right if Merlin 2 is a deeper well and may need a better rig, they may not have the time. Although if there were two rigs available to drill perhaps it would be a different story. But that’s a big IF.