Member Info for Ihadanideaonce

Depends on rig contract negotiations. Would have been ill-advised to say, given the number of variables.

Plenty of tech detail!

At the end:

"The Company confirms that the court in the Republic of the Congo has lifted the seizure order obtained by SMP against certain of the Company's subsidiary's assets. "

:) :)

Because I think it's a non-sequitur. I don't see a link between SNP's attitude and AAOGs assessment of the drill outcome. As far as i'm aware, a drill company's interest begins and ends with a safely completed job, ideally on time and definitely paid for, barring a possible breach of contract.

You've not defined which claim. If you should have added "work it out" then I should have added "don't be so generic"

I find it interesting that you've been so negative of AAOG. Miton, Riverfort & YA have "an interest" in a significantly higher SP. You can argue with PIs all you like, but you should know when you're out-gunned.

"SMP will not deal with AAOG,
Not doing so Raises the question-Are the drill results as indicated by AAOG?"

Why/how does SMP's stance raise that question?

Which claim won't be strengthened if they win?

License negotiation isn't entirely within AAOG's control.

CMEC and GE will pull the strings and open the doors that NCCL can't. Regardless of election outcome....they need the power for development, let alone the comfort of the population!

IMO SP will increase over the next few months. Market will buy in advance and it will slowly snowball. NO WAY is the SP going to stay below 10p when there could be a 60-70p SP dangling at the end of the negotiations for a known event. That's not how this works!

Also...GridX news in the pipeline somewhere.

Been checking out the SP over the last couple of days.

Looking at the deal...and listening to the interview....and looking at the SP.....

Why would CMEC and GE want to pay the Subscription costs and let NCCL have 40% of a massive project.... when they could offer a sweet £100M and take it all? They'd save £100M+ straight away

ie......at this price.... the company looks vulnerable.

Any counter-comments or input? :)

There in Black and white:

Miton 19.4%

Jarvis 13.79%

YA 13.79%

I imagine they will want a decent return.... and I doubt if they'll want to wait too long to get it.
The people buying between 4 and 5p have done very well!

Between ONGC and AMER.....and between positive and negative outcomes....

They want the news released and they don't, because it will make AMER more valuable or less valuable.

No idea how to call it. They both know what information is avilable, though. Oh, to be a fly on the wall.....

Alternative viewpoint:

It matters 0% what any individual PI thinks or wants. When the price is right, there will be an RNS.

The all-but-guarantee is that it will be higher than the current SP. Even the most negative people think it'll be higher!

It might not be a massive premium to todays SP...but there's a 99%+ chance that it will be higher.

This is probably the safest place on the stockmarket right now. What a place to be. (Pretty much) Guaranteed money from this level. EVERYONE should have at least a few % of their portfolio in here.

....IMO :)

AMER is definitely a different beast.... but any "12-month high at a minimum" comment is not concrete in itself.

I'm not publicly guessing a T/O price other than "higher than the SP currently is" :D

To put some numbers together...

$500M US is ~£399M or a SP of 32.8p

If that was the case, it would have been announced by now....OR.... Twitter would be a stream of placing comments (but not mentioning the price)

" Big sells being put through (mistaken by folk on these boards as big buys)"

There were big buys going through, though. Sells too, yea, but it definitely wasn't one-sided.

Or are we supposed to believe that forward selling can occur at the Ask price or above?

"more time and more work is necessary"

Honest answers please.... is ANYONE surprised by that?

....potentially influence. They might be able to request something that may or may not be carried forward.

WN early indicators probably started raising eyebrows about a week ago. Would it be wise for an early action to be to delay work that might be already 80-90% done? I can't imagine that pipe-line tie-ins can be meddled with without consequence.

I'm sticking to my opinion that they can't influence the work, or, if they can, it would be ill-advised, given the way the timings are working out in this case.

That's not how the rules work.

If California is progressing, they MUST update.

RBD are not the operator. The operator doesn't care what's happening with someone else's asset in another continent. RBD BoD can't even tell them to go slow so the update is ready at "the perfect time"

The train of thought is total fantasy, please can it stop?

If WN (or UJO as a collection of assets) are anything like as good as we want them to be, then consider the idea that:

a placing could be done at a premium via a cornerstone investor who sticks around long enough to need a TR-1

OR

a major takes e.g. 10% for e.g. £10M to ensure that they get first shot at buying the whole thing at whatever sensible price is agreed upon "when the time is right"

If a crappy discounted placing is done now with the usual forward selling and warrants on top, it's a bad mark on DB and a bad mark on what could hopefully be coming together here.

A SP doesn't rise instantly. The market has been open for 16 minutes.

Congrats to all holders, both here and UJO :)

No idea what the SP will do, but I agree with the comments that AIM needed this.