Member Info for Ilovesushi

If this latest drill is a duster the company will have no other choice but raise more cash for another drill. May still need more cash anyway and this company only makes cash by selling shares. Large majority of gross income is in wages.

From the last RNS there was no natural flow or gas pressure announced. I think its a DUSTER. If that is annouced it could be the end of the company. It seems incapable of making a profit and makes money from selling shares. NEXT SHARE SALE, is probably being planned. WATCH OUT.

I think this latest well could very well be a duster.

The £8.0M is not going to long. By the time they find something to invest in and what ever that costs, legals salaries little will remain. Anything they invest in may not make any income and may need more cash and that comes from issuing more shares. Going to be a future of more placings here. Why would anyone want to stay for a new plan when the company has had a history of failure.

The company must now pay back the shareholders any value that remains before it is all gone. CAPITAL RETURN IS THE ONLY WAY. The company must be wound down and all cash returned to shareholders.

BACK TO 0.6p IN OLD MONEY by end of next year with the amount of new shares it will issue. Damn

The management should return the capital to shareholders who are its owners. No more new plans or projects. The shareholders should reject this new move as we know that money it now has will soon be gone by the time it finds anything else to invest in. Then its bound to change its name to and start doing what it does best, ISSUE SHARES.

This is going nowhere. Shareholders should demand their moeny back and the orderly wind down of the company. People have held for years here and now are expected to stay with it for many more years. It is 10 years away from any meaningful income and it has to issue more and more shares to get where it wants to go.

This plan is to keep the management in salaries. NO MORE NO LESS.

Poor. This share is doing nothing for a long long time to come. They will be doing more placings at some point. AVOID.

Shockingly bad results

DOWN 20% AND LOOKS LIKE SHARES COULD FALL MORE.

Has to be a placing now and with the income from selling shares, that should cover Bramhills wages for a while. God knows why he thinks he deserves it. Poor results. He will need more money now and that can come only from selling shares. No longer positive on this company. Such a shame with such high oil price it seems its still not enough to save this company.

Should be a resolution to fire this man.

Vote coming next month but is it too little too late? Shame that a resilution did not add the removal of Bramhill. Going to have to have it as this man is destoroying any value that remains in the company. Most of the earnngs goes in salaries. Damn.

Probably another placing is being planned. Its not making money from selling oild and gas so income is not covering expenses such as salaries so it looks like it has no choice but to issue more shares. WATCH OUT GUYS.

BRAMHILL MUST GO.

FLYING NOW

All those placings and share sales produced less and less income. The man must be sacked for value destruction.

Oil and gas revenues £2,489,500? Previous year, 2024: was £3,929,722?

How the hell does that happen?

$11M will not last long in this business. As it’s now out of Morocco how long will it take to find a new country? How much money will be left when it finally finds place?

Going to have to change its name at some point and separate from its past history. Rename the company and start over. Obviously it will be back issuing shares which is what it has done best. So many promises and now it’s start again time. Who got the energy and the patience to stay with this outfit? They really should return the capital to the shareholders and wind down the company but we know why they did not choose that route. This is no longer about shareholders and shareholder value. It’s about keeping their jobs and a good life-style. God knows what these people will plan next.

Company free to pursue new ventures within the energy transition space and upstream hydrocarbon opportunities outside of Morocco.

Start all over. Keep the listing change name then stat issuing more shares to keep the gravy train running.

Obviously this reset is in preparation for the next planned fundraise.

The past name is being dropped as it comes with a baggage of failure and value destruction.

Big attempt now from the boffins who thought this up to separate from the past and it’s a cynical attempt to bring in new shareholders who will not connect it to a history of failure. This new name change is essentially a bad attempt to keep the gravy train running and the management in wages.

Huge share placing on its way. Watch out for tell-tale signs of orchestrated sudden share price rise and to help forward selling or news of new or joint broker.

The company has no choice to keep the train running but issue more discounted shares in a big placing but had to change its name first. Possible share consolidation news is also a sign everyone holding here will be wiped out if you’re not wiped out already. This company is not much different from UKOG. That company like wise will no doubt do a name change.

This market is a cesspit designed to take your money. Watch out for false promises of massive gains. Expect the opposite.

Haha

I worked for Xstrata and was there during the take-over by Glencore. Mick Davis who started Xstrata is now into battery metals. and rare earths. His new project in TIN (formaly known as Cornish Metals) the ticker is TIN. Tin is in short supply and TIN is the largest mine outside of China. Going to do very well as the Government is injecting money into as an important resource that should be nurtured.

Good entry into other tin projects is 1SN which could get taken over by a bigger player which I am also in. Expect good rise there.

But of course LGEN is looking very very good now and should go higher with that tasty dividend. Good luck all.

Company burns through cash and probably cash raised in the last placing is almost exhausted.

Looks like another discounted share placing is due any day now and will totally wipe out any remaining holder. I cannot see how the company can continue as a going concern.

They need a wealthy benefactor that has more money than sense and use this outfit as a play thing. The company is never going to make an income higher than its expenses so it will never be able to keep its listing. Could be the last raise before it goes private. When a company can no longer raise more cash by selling its shares it's always going to delist. Just a matter of time before that announcement but perhaps one last raise?

Double triple bagger for sure.