Member Info for ifiknewidberich9

The Indonesian government accelerated efforts to tighten environmental regulations by revoking or suspending dozens of mining, logging, and plantation permits. These actions, targeting over 190 companies

We are one of many, being held up by Indonesian rule changes , on production quota's and environmental issues.........GLA

The initial long delay for all, was the Indonesian authorities tweaking and finalising the new process, principally for their own benefit.

They are now in the process of working through the backlog of their own making......PYX will get their turn, hopefully soon.....GLA

Local press, the new license process, has now been adopted and is being implemented, the first companies having already been issued the new license.

Only a matter of time before PYX moves up the queue for its new annual issue........GLA

No money , no money, what is eminently evident is you have no brains, you have no brains. Remind me of that movie Team America

https://memes.yarn.co/yarn-clip/85d63916-2469-499f-a077-3b8372b1190a/gif

The business model is having others pay for the re-entries.

Harlequin/Bill family

Halo/Penspen

Georgina must drill the Mt Kitty / Jacko Bore prospect as soon as reasonably practicable, and in any event by NO LATER THAN 6 June 2027.

Direct from the Central Petroleum Quarterly report 30th January, you sub , sub IQ dolt............

The Operating Agreement governing the drilling program for Hussar will see Harlequin, Schlumberger and Aztech Well Construction plan all site activities in line with the Government (DMPE) approved Well Management Plan (WMP) lodged by Georgina in 2025.

Everyone in place, get the proposed rig (per earlier RNA on rns wire) booked by tomorrow and its all systems go

Q2 site preparations

Q2 late deploy rig to site

Q3 drill baby drill

Https://www.marketindex.com.au/asx/ctp/announcements/quarterly-activities-report-appendix-5b-6A1309472#:~:text=Georgina%20must%20drill%20the%20Mt,it%20holds%20shares%20and%20rights

30th January 2026

Central Petroleum Quarterly to 31st December 2025

RESTRUCTURED AMADEUS BASIN SUB-SALT EXPLORATION

Central entered into a conditional agreement to vend two sub-salt exploration permits in the Northern Territory to UK-listed Georgina Energy Plc

(Georgina) (LSE: GEX) in exchange for a 25% equity interest in the listed company. The transaction would see Central sell its interests in exploration permits, EP112 (45% interest) and EP125 (30% interest) to Georgina. As a key condition to the sale, Georgina will need to complete an equity capital raising of at least £7 million (net of costs) and demonstrate that it has no less than £7 million in cash available immediately prior to completion.

Georgina must drill the Mt Kitty / Jacko Bore prospect as soon as reasonably practicable, and in any event by NO LATER THAN 6 June 2027.

Georgina demonstrating that it has no less than GBP £7 million (circa AUD $14 million) in equity cash available immediately prior to completion.

That in itself can mean many things like

Just proof GEX can raise £7m from market available equity share headroom

or what about its partners , prove to CP they have the funds to pay for the drill (harlequin/family or halo/penspen)

Conditions precedent

The transaction is subject to a number of conditions being satisfied within four months (with a possible extension of up to two months), including:

• Georgina demonstrating that it has no less than GBP £7 million (circa AUD $14 million) in equity cash available immediately prior to completion.

• Georgina has issued a prospectus and obtained relevant shareholder approvals.

• Central completing the pre-completion restructure.

• Renewal or extension of the permits by the NT Government.

• Relevant approvals and consents to the necessary ownership transfers from the NT Government, joint venturers, financiers and other relevant stakeholders.

Proposed in-specie distribution to Central shareholders

Central intends to distribute to Central shareholders the shares in Georgina received by Central at completion, subject to regulatory requirements and shareholder approvals (as required). It is anticipated that Central may be in a position to distribute the shares by late 2026.

Subject to approval from the ATO (pre-approval cannot be obtained at this time), Central will seek to distribute the Georgina shares to shareholders as a “return of capital”, in preference to a distribution or dividend.

No rush to raise, as the CP CEO stated, he does not expect the deal to complete until late 2026 (so being this sector red tape etc poss 2027)

when GEX shares as part of the deal, will be distributed on a pro rata basis to Central Petroleum shareholders.

Likewise santos time line 2027 vice 2026

AH OK SEE THE TYPO'S

Hussar Q2 2026

Jacko Q2 2027

Mt Winter tbd

June or was it July 2026 was the timeline given by SANTOS the operator and Central Petroleum for a drill, CP other irons in the fire, letting GEX take the

funding reins and asset, with CP still having exposure via shares in GEX.

GEX model is others paying for the re-entry drills, like Harlequin/Billionaire family and Halo/Penspen rub your two together and get there

quicker Joey, likewise if they choose to raise and after Hussar a successful drill, they could be raising £7m at £1 a share, WOOOOOOOW a

whole 7m shares to be issued, in that particular case.

A lot of things can and often do happen in this sector leading to a drill, time will tell, do not limit your imagination to the square root of

fcuk all..........GLALTH

2. Application and Review Process (4–8 Weeks)

Once the application is submitted:

Initial Review (1–2 weeks): OTC Markets reviews the submission and provides initial feedback.

Feedback & Revision (1–2 weeks): The company addresses any issues, such as clarifying disclosures.

Final Approval (1 week): OTCQB designation is activate

Would

Not

Want

To

Be

Out

Of

This

Over

The

Weekend

The one and only for decades, until around 10 or so years ago, some major player on Twitter invented FOMOF

By normal daily stamping and price conventions , its deffo a buy insidein4

Same with FCA, on an IPO or RTO for that matter, it is just the last 2 steps of an IPO, rules are submit prospectus to FCA which should take 7-10 days

IF the paperwork in order, if not, its ping pong back and forth until FCA get what they want, so delay always the companies fault, its laid out what

they need to provide.

The second step is application to trade on the Market, which Mr Market lists as a standard 10 WORKING DAY process (2 weeks) you can not apply

until approved by the FCA

Now in reality, have been in shares that have provided evidence to support, that have resulted in an overlap and a shortened time to get through

those 2 processes, one announced in an RNA update via rns news wire, it had been given notice of a 17 day provisional return to market date.

They likewise are guidelines, they are allowed to negotiate, with both FCA and Market, the above did not make the 17 days, failure to provide FCA

with the required, returned 2 weeks after the provisional date.........GLA

Basically , 3rd parties figures distorted further by amendments and cancellations etc, while the real exchange tidy's itself up.

And what you see on the real exchange often clears the dross often seen on 3rd party sites like this one.

Guidelines like many Mr Market rules are not set in stone, as for big, try UKOG on its legendary rise from zip to kiss 11p (whole pence) after announcing

the Horsehill discovery , plink plink fizzled for days, the reason became apparent later, after the handbrake finally taken off, for 3 days in a row after close , a trade at a 20-25% premium from 3 days earlier, the total of the 3 TRADES over £6m, if recall correctly 1.8 2.1 and £2.4m . Each with the correct date and

time of placing stamp.

Arriving (cough) later, those 3 Trades French Major Maurel Prom on market direct purchases, sadly for holders, MP quickly sounded out Trousers Sanderson and bailed just as quickly, commencing the years of death spiral.

If they can service the big boys (for a fee) they will get what they want, first, last and always, no matter what the GUIDELINES are.....GLA