Member Info for Jarv55

Offler opps posted the wrong link that I was looking at, here you go for the UKS one as you can see we are not the only company. https://taxpolicy.org.uk/2024/08/10/list_of_plcs_that_have_missed_accounting_deadline/

Medjed suggest you look at the statistics https://www.afrc.org.hk/media/4rzpd244/report-on-suspension-of-trading.pdf also maybe look to see how many other companies are suspended off the top of my head Maru suspended on the July the 1st still haven't come back I am sure there are many more.

Yep just a waiting game now.

Meadow in answer to your question Allenby isn't the tightest of ships few get wind that news is coming take the lows at 0.050 then sell at 0.080 its not rocket science to figure out Snda is a traders dream until we actually get funding.

Rallad

They had £3.65 million in cash at the end of Dec 2023. They then raised £3million in February to support drilling operations. Giving them £6.65 million. On 8 February 2024, Baron announced the completion of the assignment of a 15% working interest in the Chuditch PSC to TIMOR GAP Chuditch Unipessoal Lda. ("TIMOR GAP"), the existing joint venture partner on the PSC and a wholly owned subsidiary of TIMOR GAP E.P. the Timor-Leste National Oil and Gas Company (the "Farm-Up").

Following completion of the Farm-Up, Baron has retained operatorship and holds a 60% working interest in the Chuditch PSC, while TIMOR GAP has a 40% interest. TIMOR GAP is responsible for paying 20% of all costs of the PSC, including the drilling of the planned Chuditch-2 appraisal well, with Baron responsible for the remaining 80%.

The Directors consider that the Farm-Up by TIMOR GAP has a value to Baron of approximately US$8.5 million made up of a reimbursement for back costs of c.US$1 million and in the offset of future spend which in 2024 is estimated to be around US$7.5 million.

A requirement of the PSC is to provide government regulator Autoridade Nacional do Petróleo ("ANP") with a security in the form of a bank guarantee. Previously, a bank guarantee to the value of US$1.0 million was provided. For PSC Contract Year Three, reflective of the increased work programme commitment, ANP has requested an increase in the total amount of the bank guarantee to US$2.5 million. As TIMOR GAP is responsible for 20% of costs in relation to the PSC, the Company's net share is US$2.0 million, a US$1.0 million increase for Baron.

The new bank guarantee has been issued by Banco Nacional de Comércio de Timor-Leste ("BNCTL"), a bank wholly owned by the government of Timor-Leste. The use of BNCTL is part of the Company's commitment to maximising local content inside Timor-Leste, but also indicative of its intent to broaden its business partnerships in-country.

The drill costs approximately $31million take away $8.5million of that will leave you to do the maths and currency price conversions.

Nothing is certain in life except deaths and taxes. Ab isn't a rampy Ceo thank god, he has said he will do his best to get this over the line and that is all we can ask of him. Remember his warrants are locked in. We aren't idiots here we know the risks and I would think everyone knows to derisk on the way up, nothing is guaranteed, we are gambling on a positive drill result. As for no news for the next three months we have the environmental clearance to get through, we should hear about the concept study for Sunrise, we might hear more about the down stream possibilities discussed in the latest update. Pacific are doing their dd and we are doing ours, that might not take as long as we think before we get a firm commitment, other partners could come in as well, we may even have to have a small raise higher up to cover some of our costs if we want to keep more of the asset. At the end of the day we are in Aim to get the higher rewards and if they hit gas we will do well but at the same time be prepared incase they don't.

You are living in la la land if you think Ab will place down there he didnt' want the last placing done at 0.05 it was Yeo and his cornies that wanted that, one thing you are forgetting he has a lot of skin in the game. New directors bought in around this level. None of us know what the structure of the deal will be yet . We do know there are several parties interested there could be say three parties who come in for 10% each of the asset like they did with the Sasanof drill. We may end up with a free carry or we may have to raise a few mill for our costs if we want to keep more of the asset. But make no mistake the sp will rise on any announcement that Pacific have committed. If Ab has to raise it will be at a higher price not a lower one.

Beancounting think if you are going to come on here trying to deramp at least get your facts straight.

SundaGas retains operatorship of the Chuditch PSC and holds a 60% working interest. TIMOR GAP has a 40% interest, made up of a working interest of 15%, plus its original 25% interest which is carried to first gas. Henceforth, TIMOR GAP will be responsible for paying 20% of all costs in relation to the PSC, including the drilling of the planned Chuditch-2 appraisal well.

Excellent to see we are still on track for 2025. Will be interesting to see what other funding partners come in and it is interesting there will be a sub of Sunda for equity. Will that be for the new adventures? It is obvious AB is very passionate about helping those in Timor Leste and lovely to see we will all be part of helping schools to be built. Onwards and upwards Snda investors.

Bill or due to state secrecy by Russia they are working on something but can't tell us. Always two sides to the coin. But do think it is high time they actually gave us an update.

Offler are you serioulsy asking why funds are not invested here did you not see Russia went to war?

Or maybe they are waiting on government approval or something else. None of us know what is happening due to investors being treated like mushrooms.

Any Ceo worth their salt would have skin in the game and back the company he is asking you to believe in, its not like he can't afford it. Until he buys shares he is the one dangling the carrot.

Https://www.fool.co.uk/investing-basics/market-sectors/investing-in-hydrogen-stocks-in-the-uk/

Delta Hynet run by Essar is in the North Portland is in the South Essar are way ahead in the curve doesn't mean Ukog won't get any funding.

Looks like buyers are stepping in here

PPP 6p placing lol

Ukog need to get rid of Sanderson and bring a Sumitimo bod member on the bod he is the biggest turn off here.

It went over 0.012 https://invst.ly/15tlqs

Sharebel not sure who your chartist friend is but there are not any gaps on the daily. https://invst.ly/15tjk1