Member Info for ismalia

I feel it is more than a shell in so far as it probably has a couple of projects lined up, perhaps involving PH. But the outcome of Colter will be essential as will any cash it gets. Could look again at Indonesia or the North Sea (Badger).

It's been more than two months since the last update which IMO is encouraging as if Colter was dead then we would have heard by now. It may well be that the find is 15mmbbls plus, is commercial and the partners in the drill are in talks for a disposal to the neighbour which would make sense. If that is the case and ADL with its 8% can get about £20-£25 a barrel then this could set us up for further investments.

Safe hands then? IMO GW has been our get out of gaol card since suspension. When we speculate on shells as this was we always need a driver to take a business forward. GW is using INFT to put his family interest into it as starters and then to grow by acqusition and no doubt he has other options available. Over the past couple of years he has funded the company from his own pocket effectively for the benefit of all holders and for that we should be grateful.
I also feel that 0.04p is better than 0.01p and probably his advisers think that with the potential, a figure of 0.04 will make it an attractive entry price for new investors. So when dealings start why not 0.05p or even 0.10p?

Anyone who believes in this drill should load up in the next couple of weeks imo. As we get nearer to TD we can expect further interest in the stock as there will be further buying but with few sellers about. I also wonder if the year end figures will be held back - last year out on 1 May until an update can be included. Also and perhaps forgotten we have a couple of existing wells with production increasing.

Sorry adj - I am here but that post was meant for UJO. RBD is as you say already at £25m and well undervalued. All the ducks are lining up though but RBD continues to be looked at as an investment company rather than an oil E&P operation. Once assets mature and are realised the real value will be unlocked for the benefit of all shareholdes. As I understand it that is the plan of S&S - RBD as we see it now will probably not exist in 5 years having made substantial returns to shareholders.

If this comes in then I think we can see a MC of about £25m. If not then with current production and the interest from Humber then the current sp should be sustainable IMO.

Q786 - perhaps you will die first - have you made a will ? Who will inherit your shares?

Shares in issue not a problem. Its the low MC relative to the potential value. Could well move up to 0.15 ahead of any result as unlikely to sit at current levels.

It seems to me that BZT under the new management, and CB in particular has now brought the Mankayan project to a stage where the prospect of a farm out or sale to a major could be negotiated. Local politics will no doubt dictate but I am sure a large player will be most welcome by the locals and for their economy and CB is an ideal person to negotiate such a process. There is not desire or prospect that BZT can progress the project any further and I feel the recent move into Africa is where the future will be. It is fair for some to feel unhappy about the falling sp over the past six months but the fundamental assets remain in place.

Why are new funds needed?

Last year they were on 1 May. We all concentrate on Bis and WN but we have other prospects and oil producing sites and it will be interesting to see the overall picture next week.

Seems a very positive move by BST. Could simply have concentrated on existing projects but wants to grow further opportunities. CB appears to have tied the deal together and may look to increase the BZT presence in the area.

Importantly CB has an interest here which is equal to about 45pc of the MC, knows his way around the resourse market and would not have bought in at 0.45p unless he saw further value. I would not be surprised if he is not already in talks that could see Mank sold for a premium over book value. CB and his concert party will be wanting more than 0.45p so 1p or £10m cap should be on the cards. The results due by the end of May should include an update and I would expect the sp to be a fair bit higher by then. Next week could see us up to 0.20p and nearer the 0.35p level having been driven down by small selling and few buyers.

Rubbish - the man is a clown with loads of money, and a bit of a tamper.

Jetxie - 11m not so many, about £7.5k at a little under 0.07p I had kept the odd eye on the sp following the raise at 0.45p. Tempted at 0.10 - £1m cap but found small selling continued and at sub 0.07p took the plunge. IMO I would be inclined to see what the Annual report has to say before trying to overthrow the current BODs.

trellis. First of all the £250k I referred to was Tiger money. Second I will not be voting either way as at the moment I have no idea what BAG is looking for and will not until you send out the EGM agenda. I am not a member of any appreciation society either but respect tha CB knows a bit more than many. You want to appoint RH to the BODs and thats fine, but I hope you are not hanging him out to dry because he will need to know his stuff about resourse.

And Eagle of course has nearly 4pc of ADL.

The extension of the licence if it does run to 2019 could be pivotal but in any event I cannot see Mank valued at 75m with so much needed to be done in the ground but 10 - 15m could still be worth up to 1.5p ps. I'm new here with my near 11m holding and so is CB with a near 10pc if you take in TIger. The important thing is thal CB knows his way around the market place and would not, or should not have invested £250k of Tiger funds unless he had a plan. IMO that plan could be to prepare the assets for sale, sell and then grow BZT. He tends to prefer quality assets owned by low cap companies. A BAG is fine but it needs to know what it wants and I would suspect that it will not be in possession of all the facts until the Accounts arrive next month. Also it will be interesting what CB has to say in the Tiger report due about the same time. Perhaps AGMs back to back. We shall see.

MC looks to be about £1m with potential assets so much more. BZT cannot afford to progress the Mank project but they could sell it for a substantial premium to the MC to enable them to focus on Argentina or other acquisitions. But in any event the current valuation is a gift and although not a great fan of CB or LR I do beleive they have the potential to create substantial value for shareholders.

Controlled by CB and having paid 0.45p for its 7.5pc last year will report in mid May and it will be interesting to see what it has to say about it's investment in BZT. I suspect CB who would have seen value at 0.45p will be keen to restore confidence and thus value to BZT. Looks somewhat undervalued if the copper assets are worth the 75m Golld fields offered some 5 years ago. CB worth a listen on Vox.