Member Info for hornygoatweed

People need to step back from the noise and concentrate on what can be proven. Starting with licence EP 513, the details are the Western Aus petroleum site. From that I see that the licence annual fees have been paid and so it's in good standing. And then Westmarket are the registered holders, a subsidiary of Gex, so it is legally valid. Then the work blocks states them having an exploration well by the 11/10/2026. The well application was approved 8 days after the environment plan was approved, . So I think that it's a goer.

https://pgr.dmp.wa.gov.au/PGR/Titles/DisplayTitle.aspx?d=%2FxafR%2F74B0PcNn%2F9jV%2FwWWZ2D34N6cCUyYC29EXUhCoYZStSUOCCQEl4rbgxGwGyR7kOVa4DImI%3D

The question is why do they need more money?

Zak does it again, apparently he's complaining about people making remarks about shares when he's one of the biggest spinners going

A few thoughts

Firstly, I get the impression that Harlequin is a front for another O&G company, as it mentions partners in the recent news.

Also, the price of gas is substantially different to when Magee-1 was drilled in 1992.

Also, technical development has moved on and there are lots of ways to get around poor reservoir quality, AI has a few suggestions.

I'll wait and see the next update to judge

My opinion is that Story might be one of the sellers, but also Whingeiforth wants in

Perhaps the selling is partly due to Story so that he can then purchase his options, at 1.5p, which will give money to the company whilst he keeps below 30%, to prevent having to make an offer.

At some point they can separate the divisions and have different listings. They also need good contracts. And minimal dilution, such as the type of Growth Capital facility that ree did, but in a better format.

Hopefully, I topped up.

£300k outstanding, they could convert into shares. It's in the 13th march announcement

I'm hoping that it's the cln, if it is then I'll top up

Just watched the video, have to say that Coleman has a face like a dog's ar*e, hahaha

I topped up. Fingers crossed for next week

The warrant holders were bound to get spooked and want to cash in their profit given the situation. This just shows how naive the agreement with Zeus was

I'm still miffed about yesterday, but I can't deny the assets here. The bod need to reconsider the agreement with Zeus. And they need to come out of the woodwork and let us know why they needed the money so urgently, and what they're spending it on. As said, the assets are good.

So they give Zeus 12 million shares to get £500,000 and it collapses the share price so they end up with £360,000 instead. At least a discounted placing would have been done and dusted.

I still don't get how they've blown through £300,000 or even £800,000 in 6 weeks.

I'll go through it. At their half year report, on the 26th March, they had a £500,000 loan facility extended to October 2026. Their cash balance was £1.1 million and sufficient for the Company's current requirements. They had cash of £348,000 on the 31st Dec 2025, and they raised an additional c. £1.0 million post period end. They raised £491,933, on sale of warrants that same day. They raised £20,000 on the 10th April, £163,333 on the 21st April. c £30,000 on the 24th April. They have a cash balance of c.£1m as at 30 April 2026.

Even if you claim that the £491,933 raised after the half year report was included in the report (I'm not sure about this), then they've still spent over £300,000 in approximately seven weeks.

The problem is that Cedric is spending like a drunk and Louise is awful as a finance officer. The project is good, but the inside trading isn't

And the whiff of inside trading yesterday

They give 3% of stock to the wrong company and it wipes 30% off the share price and they call it a Growth capital facility huh???

It's unscrupulous to do a big promotion and then a bad share placing the next day. I ought to have known better when Zak Mir was promoting it

He'd have been better off with a placing