Member Info for investor33

In fairness to Lockie, judging by the posts on here over the last year or two, many of the people who have held for five or more years are waiting to get out somewhere near break even. There's a weariness and disillusion which has kind of understandably set in amongst many LTHs.

The problem is that up to now it's never been a share to simply hold on to come what may. There were many spikes in the last 7 or 8 years, and many LTHs will have found themselves well in profit one moment, and then suddenly heavily underwater the next. This is why most of the people operating on Aim seem to be amateur or professional traders. For the moment though, the speculative money seems to have vanished, and I get the feeling that most of the trading is currently being done by the MMs buying on the bid and selling on the ask - look at the 20% spread !

A 20% spread !!

Gadgie " Refinery require 30,000 BOPD 20 well's producing Ave 400 BOPD = 8000 ......22,000 BOPD short we need to get on it and Quick ! "

Certainly an average of one well every 11 months to date wont be anything like fast enough. 22 months now since the LP was granted.

And I've emailed the company to clarify how much we receive net based on Brent being 100 USD.

Abzzba ; what happens if Gazelle 2 turns out like H2 ?

" Dusty " even....

Duty ; quite a lot of paranoia has set in here due to all the extreme and disturbing things that have gone on in the past.

TBT ; they are not the same person.

You'll see him posting on the THX board, but I know for a fact that he's permanently banned from this board.

How do I know ? Because he kept on sending unsolicited emails to my personal email account which were forwarded emails of the exchanges between him and LSE. As I mentioned, I have since deleted the Gmail account, as I had already warned him about harassment following his previous unsolicited emails to that account.

Someone else was banned permanently from the MATD board by the way. The reasons for him being banned were for making abusive comments, and for disclosing personal details.

By the way, LSE didn't breach any confidentiality in order for me to know these facts. I know this purely because that person carried on sending me unsolicited emails which showed the exchange of emails between him and the moderators at LSE. I've since deleted that Gmail account, and any further contact will be reported as to the authorities as harassment.

" It's not RNS sensitive information " I meant.

Why doesn't someone just write to the company and ask how much they are receiving based on $100?

It's mot RNs sensitive info, so no reason why they can't give a definitive reply.

Dusty is a pure troll, who sounds bored with life. This board clearly adds a bit of spice to his existence. He's about to be filtered by me, and I suggest that others do the same. It's always best to simply filter the very obvious trolls, because LSE generally wont remove them unless they become very abusive and disclose personal details.

TBT ; you do realise that Dusty is a high flying engineer, who is so up to his eyes in work that he afford to reside on here almost 24/7 ?

Personally, I think that the MG are foolish to charge under the PSC when a junior company is trying to get on its feet so as to supply what they need for the refinery. It would have been better - and in their interests - to have suspended it for say the first two years of production. No doubt they apply it equally whether it be a PC or a MATD.

All the oil in the ground could be worth 10 trillion USD, however unless you can monetise it, it's academic. Do a farm out with a n oil major, and roll out a drilling programme quickly and at scale, or alternatively sell the field, and then you can tap what it is worth. Do one well every 11 months and counting, and you're barely going to monetise what's under the ground even over the span of quite a few years.

I lose track with the calculation for how much we receive after the various deductions, including I think $15 per barrel paid to PC for transport, storage and sales costs. How much do people think we actually get now at say $100 per barrel ?

I know that calculation takes a bit of working out, and I forget now how it is done. Senator - you probably know this best I suspect.

Climbingwooster ; Wos suddenly vanished for about a month straight after the second to last raise, which was very telling at the time.

I hope so Proquo. Surely with the current geo political situation, it must have concentrated quite a few minds ?

I hope so Proquo. Surely with the current geo political situation, it must have concentrated quite a few minds ?

Myviewis ; I agree with what you wrote. I really hope that they don't end up trying to go it alone. And I agree that another raise wouldn't massively change the situation - they could quite easily do say two more drills, and neither produces oil. Heron's geology is " complex. " As a single well in Block 19 only averages 70 bpd, you need decent scale to make it really pay - after all, it's not Saudi Arabia.

The local consent which really gave the green light for production to start was in May 2024. So about 22 months have since elapsed, and we have two productive wells - so that's an average of 11 months it's taken to get each well online and producing.

This is why the share price is so subdued, and why the rise in the oil price did nothing for the share price. Everything needs to be drastically scaled up, and for this to be done far quicker than an average of 11 months to get each well into production.

So for me it's either a farm out or sell the Block. IMO ambling along as has happened in the last 22 months just wont be anything like good enough to rerate the share price.

Sudden inflation due to the rising price of oil is really hitting the price of gold.

People who jumped on the gold bandwagon thinking it could only go one way are being dealt a harsh lesson by the market. Nothing is ever a cert in the world of stocks and shares.

Gold shares being hammered today...