Member Info for jacklevi

Drule its being paid as a dividend not being ascribed to the co. worth so the sp should be uneffected.

crude JP stated that any proceeds from the sale of the asset will be returned to the shareholder i never heard any caveats attached to that statement if so many are eager to carry on then the co can have a fund raise and you can re-invest your dividend its called having a choice i really do object that people feel the need to spend my investment for me.

crude "h ave options & one is to monetise the 5 consesion & drill some more wells. This would not involve distributing cash back to shareholders" I think your universal appeal will shrink very rapidly with that option.

crude If/when we get payment for Tendrara i will wish you all au revoir no more Morocco for me certainly not Sidi i believe that could become a money pit i`ve identified my next venture and need to get in there by the autumn so i hope this dosn`t drag on to long.

Seems i`ve missed all the fun poor old 250 has had his pants pulled down i feel almost sorry for him but not quite. How embarrassing.

Shed i know its no consolation but at least it won`t go on for another 12-18 months i think we will know aug/sept time.

Davey there are a number of O/G Co on AIM with a far greater risk factor than us with IIs backing so i don`t see that being a factor.

Jones You raise a point re-IIs that i have never quite understood why so few have shown interest in us a puzzle we will be unlikely to get an answer to now.

Anything north of 10p will be profit so not getting to fussed about the LE what ever it is i`ll accept it and move on.

OGIF Will be happy with what the Mor/Gov tell them to accept.

StM very much my feelings lets just get it done and move on.

I wish i could be a billionaire moron.

keep I believe they said the infrastructure pipeline etc. would take about a year to complete as you say if this drags on much past sept. they will be cutting it a bit close.

It would be interesting to know what SCHL intend to do they seem to be staying very quiet and sitting on the fence at the moment may be they will see what offers we get before they make any decisions..

trellis Lets just hope were not payed off with Turnips then unless they`r gold ones.

seaton I wouldn`t even begin to guess what sort of machinations are going on at the moment all i do know they are probably beyond my ken we will have many theories put forward and somewhere in the mix probably lies the truth.

S/O The best and most reasoned post on here in a long while.

Jones Potential wont cut it as JP would say you would have to secure a loan of that size against something TE5 perhaps mortgage the family silver?

Shed we have the money to drillTE11 but not the time that has been decided for us the plugs been pulled and no window dressing at the FSC hides that fact.

Jones five well program = £30mln fund raise with an sp of 10p would require about 300000000 shares to be issued if you could find a buyer for them which i doubt very much secondly we would not be allowed to take that decision any way.