Member Info for investor33

I'm going to write to the company about kr1988, including copying that last post. I really think that something need to be done about such blatant misinformation. It's really a smear on both companies, including Sunsteppe.

If he simply doesn't know what he is talking about then his best bet would be to just shut up.

Personally I think that TBT needs to report Kr1988 to the FCA. I mean, his spreading of false information on here has been absurd ;

- A while back his long post with figures and calculations designed to show why a farmee wouldn't be interested - all based on a field lasting 5 years.

- His post stating that the renewables side would " be worth pennies. "

- And now making out that the renewables side has nothing going for it except putting in for some tenders. He even gets the SRE CEO's name wrong - calling her " Zulu " instead of " Zula. "

His comment ;

" Zulu I’m disappointed with, I thought she was a golden bullet but we have to tender for the work.

She is promoting renewables which is great but if we’re not getting the contracts what’s the point? Great for the country but it’s about us. If we lose the tender all the work and effort she has put in ( paid by us) goes to waste. "

So he totally ignores the fact that Sunsteppe have two projects scheduled to reach the RTB status this year. In the AGM MB even answered a question to clarify at what stage these projects can be monetised, and mentioned the possibility that a dividend might be paid out from the proceeds of these two projects.

IMO this the type of blatant misinformation spreading that LSE and the FCA need to be looking hard at. Hopefully someone at the FCA will read this.

Senator ; re your reply below to kr1988's comment ;

" I suggest you keep up with ACTUAL developments in the space and noting we should have 2 Projects at 'ready to build' this year ie Revenue incoming, more lining up as per Buck's comments & the 1.5GW MOU (+1.5GW contingent) with the China State Utility company, along with bringing in the $10Bn ACWA Power infrastructure investment to facillitate that & the other Arab Investments."

Bear in mind that this guy thought that the renewables would " be worth pennies." He's never got his head around the renewables sides at all, as I don't think he's capable of research or understanding basic facts. He also seemingly didn't hear MB in the AGM referring to the prospect of some kind of special dividend being paid from the proceeds of the two RTB projects which should be ready this year.

Thanks Abzzba - I will have a read.

It will be this reprocessed 2D data that the potential farmee has been studying.

Seems that in 2018/19 there was a reprocessing of the 2D data - I guess that fits in with MB having become the CEO in 2017 and wanting to target block 20 .

2005 rather.

Ah yes - I realise now that the 2D data is even older. PC just provided the 3D data in 2095 or 2006.

The limited 3D data in the northern part of the block, plus the 2D data must have been done circa 2006, straight after PC bought block 19 from Soco. So it's about 20 years old now.

Abzzba - do you think that having the 3D done might throw up some new reservoirs in block 20, or would the existing 2D data have already established any reservoirs ?

" oil minnion " I meant

Re booking a company to say drill Gazelle 2. We've used DQE in the past, and I think that the AGM stated that they are out of the country so far this year - probably due to high demand in China.

When you are a relative oil minnow, you are not for going to be at the top of the list for drilling contractors. Same with say builders - good luck trying to find a general builder to do relatively minor building work when there is high demand for their services in spring/early summer from people with much larger projects and budgets.

If you'd bought 20 grand's worth of Rockhopper shares @ £6.00 in 2010 and held, then you would be a very long term bag holder nursing a large paper loss.

If you had bought 20 grand's worth of Rockhopper shares in ,2020 when they were four hundredths of a penny, then you would be sitting on a multi, multi million pound paper profit by now.

It just goes to show that timing is everything with micro caps.

Also, bag holding has opportunity cost implications - especially if a company doesn't pay a dividend.

Bag holding results in dead money which isn't doing anything. Another reason why traders try to avoid this situation at all cost.

TBT ; there are downsides to long term holding as well. Those who dip in and out of a share fairly quickly would argue that they are less exposed to the market.

A downside risk of simply holding long term is the possibility of becoming a " bag holder " which traders sometimes refer to as "a trade which went wrong, " and then you hold hoping it will come back. A lot of traders try at all cost to avoid becoming a bag holder.

Take someone who started buying shares here back in say 2018 with an average of 3.5p. Up until last year they could have exited at some point in every single year with a reasonable profit if they timed it correctly. Or maybe just at break even, but without further market exposure until they dipped in again -maybe in the following spring. Even in the COVID year they could have exited at 4.8p.

What changed in 2025 however is that they became locked in baggage holders without any chance of exiting except with a hefty loss. Last year the high was around 2.5p - this year it is about 1.5p.

So when you hear the likes of Master and Hamn complaining constantly, this is the reason. In the exploration years prior to last year, the pressure for bag holders was far less, as there were decent bounces every single year - 9p in 2021, 7p in 2023, 5.3p in 2024 etc etc. The disquiet that you often hear on this board these days is simply down to the fact that a lot of bag holders have been locked in for about two years now - in fact for many, ever since that brief 5.3p high in late May 2024. There was a 3.4p hit in August of that year, but since then the high has only been around 2.5p.

Hopefully a farminut deal will radically change this situation for the better.

Re multibagging ; imagine buying Rockhopper shares when they were priced at 4 hundredths of a penny, and they are now worth 80p. That was a 2500% gain for every penny they went up....

However, you wouldn't have been too happy had you bought them in 2010 for £6.00. According to Master's logic, the Rockhopper CEO should have been sacked years ago.

I get the impression that some on here have only ever thought about the price action of one resource microcap in their entire lives. Check out the price action of as many Aim resource stocks as you can find, and then tell me that huge swings in one company's share price is unusual and should result in the CEO being replaced.

By the way, I suspect that having a compulsion to constantly interact with malicious trolls through endless tit for tat 7 days a week ,simply creates mental issues for the person who is sucked into it.

I notice it was going on all weekend at all times of the day. Compulsions can be dangerous.

Abzzba ; I agree that there's no way that the Iranian situation will be resolved soon. Trump has the hawks in his administration to keep happy, and to back down on the nuclear issue- which the whole conflict was about in the first place - will be impossible for him. And for the Iranians, giving up their uranium would be tantamount to ceding national sovereignty - it simply won't happen.

No idea why people keep reading what " Doc " writes - I couldn't give a fig. For him to be on here seemingly 7 days a week relentlessly putting down a company which he has no interest in, and has total contempt for can only mean that he has some severe mental issues. Best to just filter him and ignore, which I did ages ago.

I would assume that he was one of the two people that MB referred to in the AGM when they said they had flagged up a couple more accounts to LSE, other than the one which LSE eventually banned.

" At 100 USD " I meant - not 109.

Based on the current oil price, we would be receiving about 2m for the stored oil. MB said we have 3m currently, so we will have around 5m. At 109 USD per barrel we get 62 Dollars we were told. Right now Brent is 94 USD.

Not sure where the 6m figure comes from.