Member Info for InJamesweTrust

T&T has regularly surprised, it was meant to ve throwing off cash 18 months ago and still nothing! Wonder if PG hopes it will allow him to maintain thid as a lifestyle company if Morocxo turns to dust.

Sure GRH called it a game changer or something not sure if it was worthy of rockets though.

Rocket up Griffiths' arse is what's required!

You would hope that commercial sense prevails, Saudi isnt going to.stop producing until it has to pay people to take the oil, so SA might as well see if they can get in on the prize and make some money.

Doesn't strike me as being woke enough to go broke as O&G will form part of the mix for many years yet.

Gorilla dust is worse than LA smog, it's been in the air for 2 years now

Its ok Nickotine - the rocketships are back!!!

Donal

If youre too stupid to read that isnt my fault.

I was very clear it shouted sell and said I was selling.

After the recent raise, I said it would be good to buy in and sell in the 6s again if you didn't tough luck.

Maybe crawl back to Morocco to glean some more info

23 Oct 24 @ 10.33

4 Nov 24 17.10

7 Nov 24 13.34

You can look for the rest yourself.

The one on the recent uptick following the raise should be easy enough when I mentioned top slicing and buying shares.

Tmadxh6

You were quick to jump in yesterday about calls made but don't see.any response from you funnily enough.

Maybe spend more time paying attention to things that don't just blow sunshine up your arse would improve your position.

Redwine

What was their percentage in the JV and how did the two partners get along?

40-70% of 4bn barrels plus a free large heavy oil field will get a majors pecker up much more than 15%

There is an argument Guyana may want to pivot geographically in terms of influence of licence holders.

Total/Qatar/CNOOC fill that brief well.

What price and Indian oil company or industrial would not want a go and be supported by their govt to secure energy supplies.

4 years is alot of detail

Hammerhead by the same logic is also a discovery albeit not one made by Eco it extends significantly onto the licence.

If Hammerhead payment is made that probably gives Eco meaningful equity to contribute to the development of Jethro.

Expect CNOOC/Total/Qatar to be very intereated in Orinduik. Not sure maximum distance for a tie back but Jethro is a good few Kms from Hammerhead.

Drift isnt much of a concern.

There is the catalyst of 3B/4B which wouldn't be such a high priority drill for Total if not excited by the prospect.

That alone will see a rerating of SP to multiples of today's level in my view.

That presents a great return for anyone in the timeframe and anything above that (i believe there will be other material catalysts) is just added gravy.

gudin

just watch the q&a again, did he not make it personal when he railed against the temerity of shareholders to ask questions he thought were awkward and told them to **** off its his company and he can do as ge likes.

You get the respect you deserve Spectre.

His interview/Q&A showed how he feels about shareholder concerns and governance.

As I said last week - I hope it is successful and certainly don't wish ill fortune to anyone. Ill not be on here crowing if it crashes and burns.

Tmsdxh6

Before the raise in the afternoon of a trading day around Oct/Nov last year. That morning I said it feels.like the churn of a placement. In the fortnight before I called it a sell and said I was selling when it was 9p.

On the recent raise, I stated id bought around 3.2p and would top slice around the 6p mark.

For Sound, look when they were last in the 70s and look back at the board and you'll see me call the sell and exit. I could show you that I went to cash the day before Brexit vote as a yes was fully priced but a No was a serious outlier not factored in.

The market can remain irrational, so nobody gets them all right but the above will do for now as Im not going back through it all.

Marvin

Havent seen you post for a while. The $100m p.a. has an NPV obviously and that is the value to shareholders. That and potentially exchanging a certain cashflow purchased at a discount for drills which could lead to transformational cashflow.

So given it could support 15yrs at 100m and Eco would take $150m or two drills for it tomorrow then it is potentially a great deal all around.

Black29

Ive sold and called doing so at higher levels and called placings. Ive not put nice rockets ships on my messages but anyone listening would gave done alright from selling/buying as mentioned.

Now have just a few hounded thousand shares and that is free money.

Will see what news comes one can think there is potential while still thinking a CEO is a grasping PoS

You miss the question entirely Black29 - if he is so confident that all he has been doing is delineation, why skirt governance concerns with questionable contract awards, bonus payments and options issuance.

The shares he owns are largely from previous awards- he is paid handsomely for a company with a £15m market cap. Some years with options id guess his comp is about 2-3% of the market cap of the company.

Not sure where else you cede that kind of ownership to the CEO and accept repeated dilution and long term value destruction.

something occurs to me this morning about pg and the lack of agm, pronouncing it is his company and he can do what he wants.

if pg really believed in the prospects, surely he would buy shares with his own funds?

if he truly believed, why would he keep awarding monies for reports he has written over and above his 'role' (despite being incredibly busy, the busiest anyone has ever been and achieving more than any sh could do in an equivalent period).

taking these extra emoluments and retaining his options while cancelling lonnys, paying himself a bonus after he totally screwed the first sandjwt budget all point to someone spouting incessant bull**** just to keep raising funds and keep the lights on.

geology may come to his rescue certainly hasn't so far. the partner he mentions and near term activity are still very opaque. would give this until the end of sept then i think have to consider selling as he remains more bluster and bull**** than drill and deliver.

Believe we will be bought out of, or trade Hammerhead for drills long before the FPSO is on site.

From late Dec 25,

Olympe

Volstruis

Nayla (3B/4B)

Is plan with Deepsea Mira. The current Rhino drill is 55 days and it is on the way. Dont think there is a drill between that and Total getting the rig. So they should have it late October to commence this plan.