Member Info for InJamesweTrust

I had emailed to remind the Chairman of their responsibilities to ensure open communication to shareholders about strategic plans and failures.

I'm here for MOU-5 results but we need to see a rig contract to firm up the date.

If I can read this, we still have nothing in T&T despite previous RNS/Presentation stating $1.5-2.0m in H2 2024. Yet now it's H2 2025.

CNG people have wondered what size it will be and looks like 3 mmcf a day so perhaps $10m per annum revenue that's quite a bit off the estimates.

The 12% CoS is much more front and centre now than the 50% touted by PG.

Swabbing after MOU-5 which even now is only forecast to spud on 25th February and everything else is back ended.

Divestment of $10m p.a. CNG isn't going to set anyone's pulses racing.

The time taken and money spent and failure to deliver should result in PG leaving his role if MOU-5 is not successful. Certainly, there should be no bonus paid of any form (cash or options to management for the most recent year).

To have the temerity to suggest he has done anything efficiently is frankly laughable.

Last roll at the casino for him on MOU-5 as he has screwed the pooch and £10m doing heaven know what for the last 18 months.

Porters

Not panicked. Prefer to see mgmnt run the business better and reduce the need for a raise. If PRD finds commercial gas, great - if it doesn't then it won't materially impact life choices for me.

Pareto

Thanks for message and fair enough. Sefton was broadly a good poster I think he believed strongly in the share and was frustrated by negative sentiment which perhaps occasionally coloured his judgement in posting. I'm sure we've all been there.

While I'm frustrated at PG conduct I see potential in the assets so remain invested. I think many are frustrated with the delays but hopefully we will see progress in Q1 and he has a good message to deliver on Thursday.

All the best

The biggest miss - in the depths of 2009 not buying a 3 bedroom flat at Imperial Wharf for a price that trebled within 2.5 yrs as recession lifted and hot money (literally hot much of it) flowed in to London.

Oh and for the non risky stuff

FUNDSMITH from 100p to the current 719p

Additionally after reading a Tom Stevenson column on Shinzo Abe's 3 arrows strategy I flipped into Japanese equities as the Nikkei trebled

Alas I was restricted to tied funds due to company pension and the gain was only 60% because the fund managers were useless.

I did also take a small loss on 4D Pharma as an asthmatic I was curious how one of their treatments would pan out.

At the time it was offset by a good gain on Ferrexpo.

Many that are missed opportunities

Next at £10 or £15 after reading Simkn Wolfson agreeing a bonus plan that paid out at £40+ per share

Notice GRH mentions Jimmy but assume he means me, maybe getting a bit mixed up in amongst all the Trump tubthumping and banging the drum for Reform.

- Sold Holdings before the Brexit vote as had a feeling the up was already priced in but the down wasn't

- Sold bank shares in 2007 for a very healthy profit before Lehman but after Bear Stearns and Household Financial (HSBC)

- Mentioned already I called Sound down from 80p.

- Exited Hurricane for profit and advised fellow shareholders I was in a chat group with.

- Bought Eco in the 30s alas didn't sell enough after the finds when it 4 or 5 bagged but was on a free ride. That was a good lesson about not taking profit for granted.

- Carphone Warehouse bought when they had exclusivity on a particular phone and doubled.

- John Laing Infra tipped to a friend and more than doubled.

- Cairn Energy tipped at 20p while still a student to some rugby friends after reading about them exercising the 2nd part of their $25m option on the mandala field.

- of course also called this down at c.9p and alerted folk to the placing that was being forward sold recently.

Don't have the same number of years under the belt as GRH (I'm about 30 behind him I guess) but despite the Eco loss I'm plodding along well enough to live a good life and have a healthy retirement despite the government's best efforts to tax some into submission.

Pareto still waiting for you to provide your rationale for repeating the granny nonsense.

Notice GRH mentions Jimmy but assume he means me, maybe getting a bit mixed up I'm amongst all the Trump tubthumping and banging the drum for Reform.

- Mentioned already I called Sound down from 80p.

- Exited Hurricane for profit and advised fellow shareholders I was in a chat group with.

- Bought Eco in the 30s alas didn't sell enough after the finds when it 4 or 5 bagged but was on a free ride. That was a good lesson about not taking profit for granted.

- Carphone Warehouse bought when they had exclusivity on a particular phone and doubled.

- John Laing Infra tipped to a friend and more than doubled.

- Cairn Energy tipped at 20p while still a student to some rugby friends after reading about them exercising the 2nd part of their $25m option on the mandala field.

- of course also called this down at c.9p and alerted folk to the placing that was being forward sold recently.

Don't have the same number of years under the belt as GRH (I'm about 30 behind him I guess) but despite the Eco loss I'm plodding along well enough to live a good life and have a healthy retirement despite the government's best efforts to tax some into submission.

Pareto still waiting for you to provide your rationale for repeating the granny nonsense.

Still waiting Pareto

So a) explain the rationale to support the analogy

& b) as a seemingly self appointed arbiter show where you have added value with timely advice that saves or makes money for shareholders.

Pretty simple ask.

Pareto

Dragging up foolish posts from someone's history may they rest in peace) does nobody any favours.

Feel free to say how I've stolen yours or anyone else's granny's purse.

Actually quite the opposite.

I posted here this was a sell at 9p then posted the churn looked like forward selling and mere hours later the RNS dropped to confirm this. That is allowing people to retain capital rather than lose it.

Interested for you to post something you've definitively got so correct with timing on this share. I'll wait.

Have submitted my questions, will be astonished if he fronts up and answers them.

Looking forward - i hope there is useful info on Moroccan ops. For now I ascribe little value to T&T and Ireland. It's the Moroccan assets I think have the greatest potential and want to see this tested definitively in Q1'25.

F&Mouth

Inevitable some will be in at 5p ish and be looking for a bump to get out for a good short term return. There isn't anything wrong with that it takes everyone to make a market.

For me it is now a (hopefully short) wait for results of swabbing and drilling which will if successful provide much stronger returns.

Good luck to all whether in for a short term flip or holding longer term.

Biza

Let's get the preliminaries out of the way which is a declaration of commerciality.

Swabbing mooted to begin tomorrow hence the flow rates perhaps by month end depending on what this declaration stipulates is required - if indeed it remains in force.

Similarly, MOU-5 needs to find the gas before we concern ourselves with funding infrastructure required.

Time for action now so let's see what PG has organised and ordered in the 5-6 months since SandJet was mothballed.

Brightspot

Patience is a virtue.

The farm out process alas isn't in their sole control, nor is the timing of the 3B/4B dril.

What is good is that Africa Oil who I think are involved in adjacent licence like what they see so much that they traded the future interest in Guyana for the more immediate reward of 3B/4B.

Now some may see that as a black mark for Guyana but if 3B/4B comes in we will all have done very well out of the share from these levels and Namibia/Guyana would be icing on the cake.

I remain keen to see what sits in the Orinduik cretaceous even just out of morbid curiosity (still wishing they drilled two geological intervals instead of two distinct targets)!!

The Hammerhead mapping of the FDP will be interesting to see the positioning of the FPSO and potential for tie up to Joe/Jethro.

Looks like a very experienced hire and excellent contacts.

Thunder

The options may be somewhat generous but they were voted through so to worry it is simply howling at the moon.

Good to see the AO deal complete and let's hope it moves to drilling of 3B/4B soon.

Two drills would be fantastic in H1

Good to see there is possible activity and it would make a lovely change Keith if it is being readied for spud come the call on 23rd..

Nothing wrong with a bit of speculative research and anyone decrying it is frankly daft as you've clearly caveated the post.

Generate debate which is what the BB should be about.

To those not in the know with Dickie's telephone call.

Thr nudge, nudge, wink, wink makes me think more it has been advised to someone as likely timing and then disseminated via the WhatsApp some here communicate by.

Again, it's not how info should be communicated by management but seems like it may be the case.