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To continue the only way for this not to go over 1p with all the catalysts to come over the next 12 months especially with JV drills in the later stages is continual shorting and in such situations in the past shorters always get burnt thus I think the price will rise above 1p

Hi Zagegypt
Look at all the catalyst to come this is the type of share where in the future shorter's end up getting burned iv'e seen it before. They become over confident that they can keep making money by brining the price down, they are blind to the fact that too many catalyst's within a 12 month timespan for them not to get burnt at some point . Just go back and look at shares in the past with similar situations and see what has happened.

We have I hope 3 near term catalysts cc licence awards hopefully we will get at least one, JV signed, and pump arrival and installed . Anyone of these or a combination I hope will see us at .4 to .7 then in a few months with the right promotion on the run up to next drill from JV agreement which I hope will be at least two drills back into the pence or at least 1p depending how well next drill is promoted.

Hi LahOre
Pleased we agree sounds like we are on the same page regarding consolidation. I have been specializing in oil and gas for about 30 years now. The share price who knows with all the catalysts to come hopefully a good profit for all us long term holders.

Hi Gordon
Thanks for the kind words you and me both at present topping up when I can as I think we have a number of catalyst to come over the next few months.
As an aside a few weeks ago you and espenviking were talking about consolidation Deltic ticker delt have just said they are going to do a 1 for 20 consolidation approx 1.75p to 34p .I think this a mistake I was going to buy on the run up to result for selene drill partner Shell at approx 1.7p I would have expected 5 to 6p on the drill run which is a good profit . I don't think at 34p I would see equivalent of £1.20 thus not investing same as a lot of others. Its one to look at occasionally to see the effects of consolidation in todays oil and gas market.

It was a purchase by the way

Hi
If it helps the 5000000 at .1225 shortly before close was mine.

Looks like funding going to happen . JA seems to be moving haven and earth now to draw all the interested parties together - the momentum is building with regard to finance. Cannot say more unfortunately

Hi LaOre
That's why I said in a previous post the words if it is them. Still could be however I still think it is likely to be a multinational if they are considering allowing operatorship to change and we are only talking about 1% - we would gain a lot of advantages in such a deal

Hi Gordon
cairn have had a name change and are now called capricorn If it is them. I don't think change of operator would be a big problem for GOI if it's a multinational. There are many advantages for us shareholders if anyone of the multinationals. Not least the increased in share price when confirmed and then a four or five bagger on the run up to drilling results thus could easily hit 2or 3p

Hi Gordon
The RNS clearly states operatorship - any idea who it might be?

Reading again what little there is in the RNS I am left thinking that this could be a very large blue chip oil company which could be why they want to be operator and we may even get a free carry on more than two wells. Who I am not sure any idea's anyone I can think of at lease two.

Is this one potential JV partner or is there more than one potential partner interested . Is today's buying due to a leak or is there another potential partner slowly starting to buy .. Why suddenly issue a RNS today ? what's the reason I wonder unless of course they had no choice . I think from todays price over the next few weeks we could easily reach .40 or .50

Another point to remember is all those shareholders who tuned in for the only court case we were able to watch and would they really want that ten fold from shareholders and that could so easily happen, there are a large number of existing shareholders who have there lives ruined by what has happened.

Shareholders cannot be excluded from the future of the company be it sale of company or continuation of frr in one form or another . They must know that legal action from shareholder would quickly follow if they so much as tried . Would they wish to loose control of the company to by then a large group of angry shareholders and funding for legal action may not be a problem if required.

Anybody remember my post 27th October2019 when the Sunday Times business section indicated that BP had been using Top Secret firm Plantir. Wonder if they are still using them and if so will there expertise now come into its own. At the time BP were said to be very interested by posters and some even thought there was a NDA in place.

If frr are about to be taken over I think the price we get could have political element ie do the USA or us really want a Russian for instance with any part of Georgian oil and gas especially if the empty box turns out to be full of oil or gas.

Hi Gordon I thinks its 30% from memory . However shareholders don't have to accept. Wonder if anything is going on in the back ground in that respect.

Whilst I am not saying that cairn will be our new Jv partner if it is why not try to buy us it would actually make good sense for them - guesses please as to how much the share price would go up to? This is of course providing that Roland did not decide to be a kill joy and suspend the shares stopping the fun.

Another point to consider a share priced at say 1p as an example on the run up to a drill spud with even minimal promotion will often get to 4 or 5 pence, where a share priced at 10p on the run up to a drill spud will be lucky to get up to 15p thus a lot more profit for small shareholder which is what attracts the herd.