Member Info for Investor81

As per JOGs RNS under further Information:

'The cash paid by Serica Energy at completion totalled $7.5 million, of which $0.7 million is associated with a portion of the costs incurred by NEO Energy ("NEO") on JOG's behalf since the 1 April 2023 economic effective date of the transaction. This amount will be paid to NEO by JOG. The net cash payment to JOG is therefore $6.8 million.'

Scroll down and you'll see it.

'The Environmental Statement and draft Field Development Plan for the Buchan project have been submitted, with completion of Serica's acquisition of a 30% interest is expected to occur during February.'

From SQZ.

@Garcy

What nonesense. Getting costs covered is good. That's how these things work.

Whats makes you say a fundraise is on its way? Or is it that you've sold so now talk it down. Funny how today's news makes you sell.

@hereshopin +44 (0) 7887 604422

Cash in Q4 was 120m at Q1 72m.

Cash from operations this quarter 41m.

They then had capex plus repaid bond hence the fall.

Whats with the obsessive deramping here? Share price has fallen from 100p to around 10p due to a mix of reasons.

This rise is only the start. Yes there are risks but every company has risks. Does that mean don't invest and stick money in a bank instead?

1. Asia entry.
2. Japex funding to become a JV partner.
3. Further contingent payments.
4. 100m financing facility - gives ammo for acqns.
5. Currently negotiating a small production asset. Japex will be putting in 4m if it completes as their share of the deal so value of acqn must be decent.

Yes but that excludes all the tax that still needs to be paid.

Gross profit is becoming an irrelevance due to the high tax payable.

Cash balance was 19.1m however following payable:
10.7m trade payable. Up from 3m.
5m decom liabilities. Quite a bit already paid in period.
3m current tax.
4m windfall tax.

Money to come in:
2m trade debtors
3m loans.

So in theory within one year cash will be further depleted.

Thoughts?

https://twitter.com/BurggrabenH/status/1633853294299807745?t=7G48ctE1Y1cQ7gFyspSOcg&s=19

Scenario 1: Consolidate 10:1 raise at 1.2p. 33% discount.

Scenario 2: Raise at 1.2p consolidate 10:1. 567% premium.

Someone mentioned 10:1 consolidation and raise price is 1.2p. If that's the case which scenario is more likely?

Those are in for a quick trade. Always have been. They've not helped long term shareholders. Similarly why are all derampers hanging around. Just as bad as the rampers.

Only recognise tax losses as a deferred tax if expect to utilise so they may have them 'off balance sheet'

Hi Visitor

Have you sent this analysis to the company and if so what was their response?

Like on HARL £5 and ORR 5p? Lol

Richard loves wild share price predictions. See posting history.

Lucky to be at 1p imo never mind 5p!

Hi All,

Great potential here. Constant ramping and likewise deramping doesn't help anyone. No need to keep repeating same message every 5 minutes.

Italian gas assets throwing off money. Option agreement could bring in lump of money in one go.

Renewable projects have good potential.

Mako gas project should get a move on now with Conrad recently listing. Hopefully can monetise a proportion and pay off Lombard sooner so drag on share price is eliminated.

****stan all speculation. If it comes off great but nothing but speculation at this point.

Market cap is too cheap imo.

All the best.

Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry will see the Company through to the commencement of commercial gas production from the Ntorya gasfield, now scheduled for early 2024, and to increased production from full field development at zero cost to the Company, which envisages the drilling of up to five additional wells in 2024. APT's revised mapping and internal management estimates currently suggest a risked prospective gas in place ("GIIP") of 3,024 Bcf

Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry will see the Company through to the commencement of commercial gas production from the Ntorya gasfield, now scheduled for early 2024, and to increased production from full field development at zero cost to the Company, which envisages the drilling of up to five additional wells in 2024. APT's revised mapping and internal management estimates currently suggest a risked prospective gas in place ("GIIP") of 3,024 Bcf

Note 23 of the 2021 accounts said re the decom provision of £14m'These costs are expected to be incurred at various intervals over the next 12 years.'

2022 interims - 13m was included in Current liabilities. I missed this. 2022 full accounts - now 19m.

So from not expecting to pay much any time soon 19m will now have to be paid withina year. Significant change in metrics.

TC nice salary plus gets some rent per the related party note.