Member Info for Investor81

I tried to add but wouldn't let me.

Thanks. Scandalous from MMs. Do you think they would mark up like this if it was a good result. Need oswig good news.

How have they spud and drilled in two weeks or was the spud RNS significantly late?

It's an unexpected and unknown delay. Further cut to guidance could be coming. Until resumption of production doesn't start this leaves a cloud over operations.

Well done GGP however why does a new investor benefit with cheap 10p warrants? Surely these couldve been offered to LT holders instead?

Page 19 also has a chart which shows total 2022 dividend is 10.25p.

Also page 19

'Annual dividend declared of
8p
FY2021 Annual dividend of 4p and
a Windfall dividend of 2.25p was paid in 2022'

See page 4 presentation. 8p final dividend. No confusion whatsoever.

The increase in shareholding is as result of the conversion of psrt of the loan.

'Immediately following the finalization of the Loan Agreement, AOP requested the conversion of a portion of the Shareholder Loan into 41,195,246 ordinary shares of £0.015 each in Shield ("New Ordinary Shares"). The conversion price is 5.5215p per Ordinary Share, calculated to be 10 per cent below the average mid-market closing price of the shares during the ten business days preceding the conversion date, and the loan balance converted therefore has a value of £2,274,595 (approximately US$2,764,659). Under the terms of the conversion, AOP will be allotted and issued 41,195,246 New Ordinary Shares representing circa 19 per cent. of the Company's current issued share capital and circa 16 per cent of the Company's share capital following the conversion. Application will be been made for the New Ordinary Shares to be admitted to trading on AIM and the date of admission ("Admission") is expected to be 5 August 2022. Following Admission, the Company will have 257,387,708 Ordinary Shares in issue each with equal voting rights. No Ordinary Shares are held in treasury.'

Now we know why he didn't buy on the open market?

Doesn't appear much will change regardless of who gets elected.

Which election?

I thought BMN with their integrated model would be getting in first but it seems it is being left behind. How frustrating.

It's an error. Previous RNS was used as template and wording not deleted.

The share purchase transaction appeared in the trade list yesterday.

Also, the hurdle is 30p so how can yiu be awarded shares when it's not been reached.

Ok ignore the first paragraph 'that Paul McDade purchased 821,192 ordinary shares of £0.10 each in the Company at a price of 24.30 pence per share.'

Email the company and they will tell you.

ACN stop talking rubbish. He bought shares. If you want confirmation you can email info@afentraplc.com and they will confirm.

This will go through the court process.

'If you look at the press release the NUPRC had issued much earlier in the year, it said that ExxonMobil had not complied with the law. I don’t understand what aspect of the law because ExxonMobil simply wants to leave the shallow waters. And other companies have left. Eland Oil and Gas has left in this same way. ConocoPhillips left in this same way. When ConocoPhillips was selling to Oando, it didn’t say they were selling the Oil Mining Lease (OML). They said they were selling their company. Ashland did the same thing much earlier. So, there is precedent.'

https://www.premiumtimesng.com/news/headlines/548018-breaking-buhari-backs-down-supports-regulators-rejection-of-seplats-purchase-of-exxonmobil-asset.html

What a joke this is becoming!

https://www.premiumtimesng.com/business/business-news/547627-breaking-nigerias-regulator-rejects-buharis-approval-of-seplats-purchase-of-exxonmobils-asset.html

https://punchng.com/nuprc-fg-disagree-over-mobil-acquisition-by-seplat/