Member Info for Investor14

Thank you for your email. With respect to the licence, the process is very advanced, albeit that as ever in the Congo the exact date for the award is always “in a couple of days”, but we are in daily contact with them and will announce to the market as soon as the process is complete. Our preferred rig is nearing the end of its current job for one of the majors, albeit have taken time to stop operations and make amendments and upgrades to the rig during drilling (all good for us, and one of the real benefits of taking a rig that has been shaken down by a major) so it still has some weeks to go. We will contract for the rig as soon as we can - terms are agreed and we just need to know for certain that (as we have been assured) the major does not want to keep the rig. In the event that it does, we will contract with one of our back up options. As above, we will update the market as soon as we can. Kind regards, David Sefton

Did anyone attend? Extremely disappointed about Sant Alberta and I have to agree with Share prophets why are they "please" to release this RNS and as there are delays how do they consider that they are making "good progress"

Topped up yesterday; should have held back; have been pestering Stefania for an update re Sant Alberta. Trading update better be good

Released tomorrow AM; should be interesting hopefully Stefania has put some difficult questions to MM and they are answered emphatically positively

That's why I questioned the change in wording... tbh think most shares on AIM have been driffting since May so not overly concerned if they do as they say on the tin. A lot of PIs dumped after TW told them to sell; fear had taken over now. I MM eagerly awaiting the trading update; from my estimates we should have 45K from both S and B which equates to c €280 a month... hopefully MM can allay investor fears next week and we can get some fresh blood on the board for the long term not a quick 10%

Not concerned about a placing as iv put this to Stefania several times; my concern is however around the subtle change in the wording "about Saffron". It's changed from "Its portfolio includes two gas production fields (Sillaro) and (Bezzecca (90%)) " To Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%)) Not sure if this indicates delays in production which imo is the main reason for the decline. Also we are coming to the 11th for the application for Sant'Alberta - they've always maintained the concession application will be received by Q2. As you know the market doesn't take kindly to delays. Iv put these questions to Stefania; she will get clarity in her interview on Monday; if not I'd appreciate if someone who can attend put these to MM.

Wasn't suggesting a different strategy; I think based on what we know it is massively undervalued. Unless I am missing something. I merely referring to other O&G producers who have multiple MCs on hot air... I am confident this will come good once the trading update is released

He's doing an interview on Monday and then the conference on Tuesday; we know current production is 35K; which is bringing in around €250K a month. Based on that; is this under priced; I'd say yes!! I guess we need a sexy exploration well that has Multi TCF regardless of %COS to give this a boost

Interviews next week and then trading update in early July

MM interview with Stefania on 26/06/2017. Recommend you put any questions to her so she can get points clarified.

Don't know why people are selling at these prices; news glow round the corner Huge buy gone through 300K

SRON will be presenting on the 27th at the Oil conference; this will come good; trading update is expected early July. Appears PI want a constant feed from companies to keep price afloat. Patience and trust in your convictions.

Is anyone going to the conference on the 27th; have a few questions that I'd like to put to SRON

Hold your nerve here; I am convinced that patience will pay off; Trading update will be released early July; id expect an increase running upto that. The market seems to have gone down massively since May; has to rebound to reflect true value at some point.

Where do you get these figures from; I have it a lot higher; from the trading update on 29th March "Puesto Guardian Concession production, to approximately 750 bopd although this is expected to reduce to the range of 600-650 bopd after initial flush production from this well recedes." From April 4th "Further to the Company's announcement on 29 March 2017, DP1001, the well previously worked over, has performed stronger than expected currently, steadily free flowing without pump on continued testing at rates in excess of 350 bopd, contributing to Concession production in excess of 800 bopd."

100-150 bopd per well...

Why do you thinks it's negative ?

The thought did cross my mind; PPC want £24m for 50% and ECHO are looking for assets in South America... stranger things have happened; how many other TCF gas fields are there in South America

President Energy (PPC) has provided a Paraguay update this morning which is most encouraging. It has appointed ENVOI to support its farm-out work in the country and gives updated management expectations of prospective resources. New numbers are 3 billion barrels with 10 trillion cubic feet (TCF) of gas and 300 million barrels of 'drill ready' oil resources in the extension of the light oil play only 30-70 km away in Argentina. This means that, according to chairman Peter Levine, "this reinforces the size of the on shore prize here" and gives hope where there might have been little after the last Paraguay well, so further positive news from PPC.

Think it's great news; people we're beginning to wonder what was going on with Paraguay; at the current SP either one of Argentina or Paraguay is not priced in imo. Remember we were producing 250 bopd earlier this year and the SP was higher..... let that sink in