Member Info for InJamesweTrust

Would actually say a placement is sensible. Ive not time today but if I was to check back on previous RNS uses I think there is maybe some repetition and the 200k just seems likelynto be for reports written by staff.

However, if it gets 1&2 tested and pays for CEG in cash instead of soon to (possibly) be more valuable shares again it makes some sense.

Hope they've made a mistake on the warrants as I read it's 1.6trillion and guessing it should be million.

BRV

Just need Clarence B to tell you how to trade FCOJ futures and then the Carribean beckons.

I wasn't a teenager when it came out but loved the film and a TV show called Capital City back in the day. Perhaps not what my classmates were into at my local comp.

BRV

Liking the 80s movie references

Guessing your moniker is another 80s movie reference?

Interesting posts, thanks.

Think what MMrob (glad youre better) says holds true. While 20bcf might be worth $200m depending on one's valuation metrics the proving of pressured gas that flows and can produce would be a significant event.

Depending on connectivity to other strata then the flow testing may prove more than 20bcf.

Goelogically, if the assumptions on MOU-3 mirror those in other targets and MOU-3 shallow is proven up then again it can have read across.

Ibiza - don't think anyone is paying high hundreds of millions/billions for this anytime soon.

However, yhe possibility of getting 15-25p on a successful flow for a higher percentage of the licence and a payment on success from other exploration/production may be more realistic.

GRH has said this isnt just about bcf but it is a while before we can talk in TCF I think.

Unless he knows something the rest of us don't or may be talking his book having traded highs and lows like others. I don't think it's the latter to be fair.

Is Graham not a trader too?

That would give me an 80% return Donalb but I reckon I'd settle for that.

Interesting if kit is being set up at other well sites as some seem to suggest/hint at. Might need to register for the PR guff that Flagstaff are sending out.

Good to see the improvement in comms.

Because until the case is decided, for some interested parties their investment case is uncertain until they have clarity in the case.

Others if unsuccessful may fancy a very competitive bite at the Guyana cherry for less than their legal bill on the case!

Think more likely there to measure and calibrate flows to provide feedback on value but happy to be surprised to the upside

Https://x.com/JavierBlas/status/1945485908129489407?s=19

I think resolution of this may see wheels begin to turn on Guyana acreage.

Dont see Ohnym coming in with a pile of cash to get an increased percentage.

With 700m shares in issue will take something to move the dial but investment in MOU-5 which is not initially cash intensive and then oversight of AG taking on MOU-3 ops if the test is successful seems most likely.

That puts the share price catalyst short-term down to MOU-3 value which is predicated on what can it produce per day and for how long.

Still thinking therefore near term with a successful test it's the 15-20p range.

Generally the licenes come with a requirement to relinquish a proportion of the block periodically. They will be well researched what they keep abd what they let go.

Androcles

Eight or nine years ago it was a play on the Jerry Maguire "In Rod We Trust" to be fair to JP I did well out of them but his patter petered out when it came to producing results.

Have thought many times of changing it but to be honest can't be bothered with hassle.

Ninja

You mention out of nowhere, I'm guessing the SP has finally moved out of the doldrums out of nowhere too?

There is news (finally) that is material and might result in significant value creation. So the SP will accordingly move as the outcome nears and then either move further up rapidly or drop depending on said outcome.

I will sell half of what I bought at 5.5p if it reaches that and leave the rest for results.

Fairly simple approach so even you should understand it.

Good to see momentum in SP, bought some for a top slice at 3.2 - 3.3p yesterday having only held a reduced amount recently.

Very much agree with Jasper, good information flow and sensible messaging from PRs and management important now.

Good job GRH isnt saying I told you say given all the rockets and narrative about Cove++ M&A in 2024.

This is hardly likely to produce Cove++ numbers I'd say.

Maybe 15-20p on success though.

My bad Pareto, I'm sure plenty may have that disposition towards me.

A friend once said there are two types of men in the world w ⚓️' s and liars

Enjoy your weekend

Ah Pareto - point me to any inaccuracies or just dry your eyes.

So we are in July and from now the frmout of MOU-3 should be commencing, following completion of the MOU-3 shallow testing programme.

To Paul Griffiths, you profess to be so busy and productive yet this is another missed deadline it seems.

We are halfway through the month, I look forward to notification in the next couple of weeks how MOU-3 testing will be/has been executed.

As ever with RNS' the language is ambiguous but the failure to meet timelines depressingly familiar.

Get your finger out of your arse and do something with the assets or are you waiting to write another consulting report for 6 figures or until you can eke out another bonus from the T&T field that was meant to be producing income over a year ago.

Should also consider that the field is 4bn barrels plus. The remainder of the field is much more viable in the event of a find from the initial drill.

Believe there is aome talk the second drill will be straight to testing rather than the next prospect but Id expect Eco to be quickly offered attractive terms for their stake that gives them firepower for the remaining prospects.

Decent.position to be in.

Redwineday

Agree on the licence extension but subject to the usual caveats around relinquishing a certain portion of the acreage there are provisions for the licence to be extended and don't envisage there will be an issue with this.