Member Info for jackpack

Remember the AGM is a week on monday. Without news JA will have a really difficult AGM and I would be surprised if he would want that - thus I hope for good news before then.

Hi Gordon

It makes sense if all the Director of Hydrocarbons is interested in is the percentage increase by using a pump and the more zones the better regardless of previous flow rates. If is object is to get other companies to start and use pumps the bigger the final flow the better - could even be a condition of the issue of a licence if the flow rate increase is really good in future.

Are we missing something C-19z according to information online last October it had recommenced production and had produced 893 barrels of oil which I assume was for the month not per day @78.8 dollars per barrel that's 70368 per month which is not far short of a million per year - no wonder they did not need to do a fund raise for the lift pump. The point is if they are doing a workover of oil well C-19z they must think its going to be worth it. Looks like we have oil to add to income now as well.

Hi Gordon have you had a reply from Roland yet the information could be very interesting. Possibilities ;

1 simple interest

2 Maybe as India needs more gas jet pumps for existing wells could be a solution - not sure if any other operator are already using them such as cairn our potential JV partner.

3 If the results are good they may offer some form of incentive to open up more old wells ( which Cambay has lots) and install more Jet pumps India needs the gas and jet pumps in other countries are getting a very good reputation.

Not sure who else is going to the agm on the 17th besides me - just so I know who to look out for. I would think there may be some sort of news before then as JA will not want awkward questions from the floor . Also may be one or two journalists such as energy voice etc

A few figures that may be of interest;

If you times present share price as per google of 0.042 by 25 you get 1.05 pence

If you times present market cap of 3.59 million by 25 you get a market cap of 89.75 million.

Most oil and gas companies that are penny shares or fractions of a pence on the drill run up usually achieve at least 200 million market cap which for tower is 2.34p - thus even with our present economic downturn I would hope to see a share price of at least 1.05 pence and hopefully far more . On the run up to the drills I hope great interest and excitement will be generated lets hope it shows in the share price

I think we can now expect to see a number of other cc licences tendered for which could make syn shares go up into 5 to 10p range over the next few years. We have the second round in the uk plus others throughout Europe and once you have one it becomes easier to get others

Very good news that we have been awarded a ccs licence. hopefully this will help the share price considerably over the next few weeks as fund managers become aware of our success

After the deltic consolidation I don't think any small oil and gas company is going to go down that road for a long time to come . Judging by the small number of posts on this board I wonder if our new troll realizes that some days he is almost talking to himself after all it is the summer when share buying is always very quite.

Yes we have lost a number of small oil and gas companies to take overs or mergers in the last few years due to low share price and of course funding constraints . Same thing happened 2007 t0 2009 however 2010 things improved and by 2012 funds were back in the market . This time however we have most medium and large oil and gas companies with windfall profits due the the high oil and gas price during the last 12months, They now have a limited time to invest these profits or pay some large tax bills. It is always important for the industry as a whole to have number of smaller firms within the industry and this is recognized hence most larger companies have or are in the process of setting up funds to invest in small oil and gas companies Shell are a good example. However TRP and Namibia may well find it easy due to these windfall profit to get funding in one form or another from a large multinational the basin modelling should hopefully give a lot of answers.

They usually make a statement and then take questions - its usually

the answers and the body language that I find most telling. Directors usually hang about afterwards and talk to shareholders etc.

Anybody else going to agm . If so are we meeting up afterwards for coffee or a drink

Hi crusty not sure i can make it this year . However if I can would enjoy meeting afterwards. Graham

A few possible unrelated points that could add up to something;

1. what appears to be a very rushed placing at a very low price - why so rushed unless some thing is going on in the back ground.

2. Fridays good news rns released the day after all the buying including one for Almost £200000 was it a leak ? points again to something going on in the back ground.

3. JA in the last media interview quoted the 1st lord rothchild saying the time to buy is when there is blood in the street 's even if its your own. Was this a hint something that JA is not given to.

4. Lat years agm was on 30th June . No notice yet of date for this year's - again is something going on that he wants to announce before agm. Also JA is astute enough to know that to put lord Rothchild quote in an interview with an agm pending is leaving himself wide open if share price were not to go up prior to agm.

Add up all these things and it leaves me thinking something is about to happen

Charlie Harper

Did you state in one of your earlier post's that you post on here simple to wind people up and reading your post to me they are lacking in many ways and are designed to upset shareholders for nothing more than your amusement . I think its time to stop.

Wonder if yesterdays high volume trading is what prompted a Friday RNS as JA thought better tell shareholders the news as possible leak . Not often you get such good news on a friday . This looks like a farmout or more likely a joint venture involving more than one party on the way after all this is going to be a very big project. Hence JA's silence if negotiations on going.

We now that this is appraisal drill not a wildcat and from the latest information from the seismic data and previous drill etc there as should be at least 600 million dollars worth of oil in place thus once the drill starts I hope to see this share price rise into the pence

Doubtless some people will be saying I told you so, one share trade equals rns in the morning - still not convinced myself however plenty of rns's to come in the near term so we will see.

Just to be clear a joint venture without a cash consideration has NO tax liability

Hi Gordon & vf

The problem for Scirocco with its 25% sale of tanz licence to ARA and its problem with tanz gov has many similarities to what would happen if we tried to sell Cambay asset by itself. Trading loss is not useable against profit from a asset sale which is a capital gain indeed the trading loss can be deemed to be part of the asset value. However shareholders selling their shares as a result of a takeover is not the responsibiity of the company tax on any profit on a share sale is down to the individual shareholder. Thus no protracted negotiations with gov and in our case I could see indian gov wanting to recover some of their previous losses and agreeing that would take years even with a small cash consideration with a JV