Member Info for Jamesthesecond

"It does beg the question, with so many interested parties, why the need for a 20% discount for the placing. If SFB is such an 'in demand' asset, surely a premium could have been achieved."

hence my question still not posted yet. If BOD had any decency they would post the question and answer it immediately but I would not hold breath.

Question posted my me-lets see if they put it up
"Are the bidders/interested parties of any significant financial worth who can afford to buy an asset valued at around £50 million or do they have the same profile as Sound Energy which has no money and just made a very opportunistic bid. effectively is there any serious interest by a credible party?
Why cant the company provide a proper best case and worst case scenario of gas production and sales in terms of timing.
Why are all the permissions taking so long?"

News and frank update from BOD will help. That is the least they owe us.

Something definitely stinks as far Beluga and farm out are concerned. I suspect its the history where some $15 million was secured and never came into being. May be the Beluga money has gone on a long walkabout and probably has forgotten to come home.

Yanis- I agree entirely. the BOD know how to kick the shareholders to fund their incompetence, negligence, failure and lifestyle . Its time the broker and the BOD are taken to Court. The placing is outrageous and unacceptable.

Its sub 0.4p because JA has not delivered the farm out in Cameroon. Its way overdue. the silence is deafening.

There is not even a remote chance of Shell buying out TRP. At best, a farm out deal of sorts. and that too is some time not so soon. Cameroon saga is taking forever to consummate. Its imperative that we overcome whatever hurdle we are facing there . I can see 1 p plus and there is no reason why the farm out in Cameroon is not completed very soon.

PP is overdue on SFB. they cant be doing all the works without permission of sorts. Brockham PP may also come through soon now that consultation is over. Few more weeks on that front.

market is bidding more for the stock. Bid at 1.0375. strange that's happening on such low volume

progress is what we like to see. EA permission on Brockham and we commence prodcution.

Don't forget the sellers have dried up too. and there are lots of news and progress expected in the coming weeks.

Must be large purchase not reported yet as the higher bid @ 1.05 is strong/in good size

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Relevant permissions and safety stuff is an ongoing process and not something that happens when the job is done.

Various planning permissions are coming to fruition in the near future. Each permission will have a substantial positive impact on the SP. Same applies to delivery of key equipment at SFB. Irrespective of any bids I will guess the SP to break 2 pence in February and warrants being triggered.

Even SOU directors have a stake now as per RNS after hours.

The latest CPR does not take into account the substantial and sustainable increase in gas prices.

Its a very good update. Gas still on for March , subject to delivery of equipment , for which BOD can not be blamed. Bidders still there and their hands will be forced soon. Gas alone is worth well over 4 pence.

Please open a short if you really your BS

https://twitter.com/angusenergyplc