Member Info for InJamesweTrust

I'm with Androcles, GRH has stated he strongly believes in the potential but equally always said irrefutable risk remains

Gruv very much on the money here

The 3B/4B deals gives us cash therefore time to agree further deals. While maintaining the rough outcome and diluting deals on other licences less.

Our 5.5% is likely 300m barrels plus if a discovery is declared and that has material value and when the EIA is done I think the drill date follows swiftly and see a drill in H1.

If the drill is successful, With 315m shares in issue then how do you value a 30-50m barrel net discovery and 280-300m barrels of contingent resources?

It's a helluva lot more than 10p that's for sure and probably more like previous highs I would say ($5 per discovered and $1 per contingent would make Eco c.$1.50 per share

Quite a significant discovery at PANR and the talk is of a modest 30% increase in SP on the BB, as the need for long term testing to prove the size of resource is well recognised.

Think it shows it will take some time to see actual real value accrue here if they cannfind gas.

The timeline for that is loomingnif Mgmt are to achieve the end-Jan target with little news or update around rigs.

I would hope the cold stacked SV-101 can be agreed as the cost of bringing in from elsewhere and the time delay would help nobody and be damning in and of itself (if PG has fragged the relationship with Star Valley).

Interesting that there has never been news od a claim against them for not making SV-101 available despite prior claims it would drill for us in Apr-May 2024. Wonder why that is.

This is an entreat to PG to get his finger out, to drill, hen test and swab as far too much time has elapsed.

No news before Xmas I'd say means that Jan action isn't going to happen.

Rob - writing posts that long would turn anyone in to a Madman.

My post wasn't meant to suggest MOU-5 is a hail mary it was that if PG can't deliver the drill in Jan'25 after raising money last July and having ample time to plan then he shouldn't be in charge of drilling or production schedules thereafter.

Too much time lost and money wasted.

My Agenda has been consistent all along need to flow test which was shouted down as unnecessary and complaining about delays and wasted money as a result. Probably c.20% of the shares issued might have been avoided with better organisation

F&M

Do you have a maximum timeline in which you'd like PG to show there is flowing oil or is it like En Attendant Godot?

You like the idea and don't mind if it never arrives

Keith

Saw lots clutch the proverbial cardboard box in 2008 and have no desire to join their cohort!

On an NPV10 the difference is marginal to the end value of the revenue streams you quote (2% gross although front loaded so 2.7% of the NPV10).

Or it is maybe 20c in a $10 valuation.

If the company crystallised their value we could make that 2.7% in 6 months in a cash account with the steepening yield curves. Hence why I don't think it material and.how it wouldn't breach fiduciary duty to incur - the steepening yield curve increases discount rates and.probably has a higher impact if we get to value modelling.

Keith

Would suggest a $150m tax saving in a $1.3bn a year profit when calculated over a 10yr horizon doesn't make a huge difference.

This is partly why I don't fully buy the ducks aligning strategy.

The RNS wording does suggest some gas flow from MOU-3 and is carefully worded perhaps to generate hope perhaps to delay commeciality.

With ops delays I'e trimmed position as I've said as I called the drop and further placing.

This placing should never have been necessary after the £10m last year.

Donal

You're lack of self awareness is funny.

Keith

We can believe there remains some potential in the assets but be frustrated by Griffiths. If he wants activities to align he has had years to get them to do so and many fund raises.

He must surely now be drinking in the last chance saloon to deliver what he has stated in Jan'25.

Donal

Dumb ass will suffice for you if you can't remember the last RNS.

Rob, I'm pretty sure in the RNS PG specifically calls Trinidad the safety net.

Would need to check the timing but im also relatively certain Helium was only mentioned at the time or within 24 hours of the RNS for Lonnys summary departure.

Perhaps we will see if Lonny received a pay off or if he was let go for non-performance.

We may never know as if it is the latter many may ask why PG is also still there as buck stops with the boss.

Rhwillcoll

I'd perhaps look at the basis for the calculation of that Helium concentration?

The calc doesn't come from background gas shows in MOU-5 as so far there are none. It is pie in the sky we may have some Helium in there and the field looks big so here is how much there would be if we use global averages.

That does rather stink of desperation which is to some extent confirmed by the language about ramping up the T&T safety net.

Ford

Good to see one of the HODLers here recognising the need for PG to up his comms game.

The SH pay his salary as there isn't any revenue so it comes out of all the share issuance.

Ninja,

With Zenith on board at probably a material expense relative to company cash I'd say there is really little excuse.

If PG then has the gall to pay himself a bonus following the repeated missed targets the remuneration committee isn't fit for purpose and PG himself should be embarrassed and it makes it look much more lifestyle and not giving a toss about delivery/shareholders.

He is known within the industry to be challenging to deal with and maybe doesn't actually care and is happy to feather his nest amidst repeated failings. I Certainly hope not.

Apologies for multiple posts - screen moving on phone as I type.

Ninja,

With Zenith on board at probably a material expense relative to company cash I'd say there is really little excuse.

If PG then has the gall to pay himself a bonus following the repeated missed targets the remuneration committee isn't fit for purpose and PG himself should be embarrassed and it makes it look much more lifestyle and not giving a toss about delivery/shareholders.

He is known within the industry to be challenging to deal with and maybe doesn't actually care and is happy to feather his

Ninja,

With Zenith on board at probably a material expense relative to company cash I'd say there

Ninja,

With Zenith on board at probably a material expense relative to company cash I'd say t

Nin

Spuds

Impressed if you call the RNS correctly!

Time is becoming of the essence if we are to be notified a rig contract is in place for a January '25 drill.

Having ceased Sandjet in Sept our dear leader has had 3 months to make the necessary arrangements (that is being kind and not including previous missed MOU-5 timelines).

If he doesn't drill in Jan how does his credibility rate with those who think he walks on water.

Africa Oil had and has a bit more sway than Eco in these negotiations.

Slide 11 of their Q3'24 corporate presentation states- interest sold down for a carry with transformational potential. Targeting multi-billion prospects by end 2025.

I'd say that is clear what Africa Oil expects and therefore in 12 months I'd like to think we will know the results (personally believe it will be in H1).

If my understanding is correct - Total or Qatar didn't fully agree on way forward and one or other has been in the data room for Orinduik.

This is a major commitment for a full carry so tax, unitisation and other issues need to be clear to progress.