Member Info for Investor81

One last raise before farmout?

RNS states 'A base case scenario has been developed that includes budgeted commitments, which includes an equity raise in Autumn 2026, a Jamaican farmout achieved by October 2026 with back costs and all forward current work program costs covered and the 1.5 billion warrants issued in October 2025 being exercised by their expiry date in October 2026.'

Wait and see for what?

The RNS states 'This TR1 filing reflects the first element (33,087,411 shares) of the final secondary market purchase by NIPCO Plc announced by Savannah Energy PLC on 30 December 2025. The final element (15,069,980 shares) also announced by Savannah Energy PLC on 30 December 2025is expected to complete shortly.'

What's happening now? They need to sort this ASAP.

- Despite losing the legal ruling Sodor held a rogue shareholders' meeting on April 20 and essentially seized control of the local subsidiary (MMCI)

- Sodor declared all board seats vacant, reappointed Julito Sarge Sarmiento (a former Celsius director) as Chair, and suspended several senior executives.

- This creates a "two-headed" management structure. While Celsius may legally own/control the shares, the people currently sitting in the local MMCI office and claiming to be the "Board" are the ones Celsius is trying to evict.

What did you apply for?

Total issued share capital of the Company is 5,752,423,611 shares with a nominal value of £0.001 each.

https://www.getcel.ai/investors

'Management have prepared a consolidated cash flow forecast for the period to 31 December 2026 which shows that the Group requires additional debt or equity financing before the end of July 2025 to meet its current obligations, including general working capital requirements and repayment of the EPC loan.'

Approx cash £18.5m

Asset/operations value £?

Market cap £12.5m

Cash alone exceeds market cap by approx 50%.

Https://jamaica.loopnews.com/content/jamaica-must-innovate-oil-discovery-unlikely-hill

Which bonds is he goinf to convert?

All the Bonds are gone!

Https://x.com/SeascapeEnergy/status/1887412174165057935?s=19

'Great to meet PTTEP today in Bangkok...'

As per the RNS

'Now that the farm-out agreement has been executed, Tower will receive payment of US$1,875,000...'

RNS also states

'Prime will take a 25% non-operated interest in the PEL96 license (out of Tower's 80% interest), in return for US$2,500,000 aggregate cash at completion.'

RNS also states

'Now that the farm-out agreement has been executed, Tower will receive payment of US$1,875,000...'

PDF is available on Companies House now. Reason is 'The entity has changed auditors to a Firm more commensurate with the size of its business.'

Frank being bitter as he sold. Funding is in place so to throw in confetti comment is misleading.

Can you back up your claim they aren't doing anything this year or you trying to mislead there too?

You sold and now regret it!!! Not been posting any of the positive news in recent weeks such as media news, list of buys,... yet posted negatively multiple times. Where has your balance been?

'o By end-March 2024, initial production of c. 300 boepd net to Longboat JAPEX had doubled to c. 600, following the completion of drilling and gas-lift installation on three of the five new Statfjord Øst wells brought on stream since the acquisition

o The remaining two new wells require some minor work which is expected to be completed in the coming months'

1st Feb RNS 'The acquisition of the Statfjord Satellites has been funded by a combination of the investment by JAPEX into Longboat JAPEX announced last year and a drawing of approximately US$15 million on the Acquisition Bridge Facility provided by JAPEX to the Joint Venture. The drawing is greater than originally forecast due to negative working capital movements related to delays in bringing new wells on-stream during 2023.'

Today, they said 17m - does that mean 2m extra has been drawn? If so this drop is ridiculous.

Anyone concerned by Aidecobap latest threat posted on Facebook?