Member Info for jazbo

RNS 6.6.18 stated -
"Partnering process initiated with dataroom open"
I understood that to be H1 not H2 !

Surely the sp will pick up soon.
It is over a month since Malcy reported -
The last time I looked the shares were around 18.5p which is an astonishingly big discount to where the true valuation of AMER really lies. The company is creating shareholder value across the board with ‘material upside’ in the portfolio and an active programme with the drill bit across a number of prospects. The last year or so of throwing off cash will now enable the company to make substantial returns for shareholders, no wonder Mr Wardle says ‘ I have never been more excited by, or optimistic about the company’s future ‘. Time to follow the directors and buy the shares.

Quote from RNS -
The PFS is based on information available in June 2018. Substantial upside opportunities have been identified within this study require further investigation. The successful 2018 drill programme results were completed after the June 2018 cutoff date for inclusion in the PFS.

"Empyrean will now be largely funded for the majority of the 2019 appraisal programme and whilst Empyrean will sell 15% of its interest and drop from 10% currently to 8.5% at completion, the potential uplift in valuation of the asset will come with minimal financial risk to Empyrean."

50 day average about to overtake 200 day ?

Something new to keep the interest going.
Interesting to see how this addition will impact on our ownership in Texas.

not far from Repsol's giant Horseshoe discovery !

Even if the guy had the power to spend the UEN money he has done, why would it be acceptable for him to be dishing out unprotected loans and buying decrepit ships?

"This information became known to the Board on 14 December 2018 after it was disclosed via public state records in Russia on 13 December 2018. "
How come the Auditors did not find this?

this recent sp rise is what there should have been after the Occidental farmout never mind Indico news

If the shares are 0.1 nominal shares then presumably they are not allowed to raise funds by issuing shares at less than 0.1. Thus, Angela's suggestion of a possible consolidation.

management have only managed to deliver a reduction in the cash balance for too many years!

Blackbat there may be something in what are surmising. Why drop Stellar unless there is another direction worth taking.

theres life in the old dog yet. It only takes a bit of interest to develop and the sp pings up . Lets hope there is some positive news coming soon and then the boom.

SP has dropped nearly 30% since TE9 spud. Not much further to go even if non commercial find! Not a trend I expected to happen so early during the drill.

from AFVN - hmmmm
Nov 30th ...............................................price goes up
Rowallan spud ..........................................price goes up
Rhum 3..................................................price goes up
Any Namibian farm outs..................................price goes up
2019 reducion in payment to BP from 60% to 50% .........price goes up
2020 reducion in payment to BP from 50% to 40% .........price goes up
2021 reducion in payment to BP from 40% to 0% ..........price goes up
Columbus 2021...........................................price goes up

Last RNS quoted
" It is anticipated that the pipeline connecting the VOS #1 well and the Enterprise gas gathering and processing system in Tyler County will be hooked up ready for first production by the end of October 2018. "
It did not say it would definitely be ready by 31.10.18.

Permitting timeline reviewed following regulator's procedural changes - estimated completion (mine ready) during third quarter 2019.

During the reporting period the Company terminated the arrangement with Stellar Energy Advisors who had been conducting a structured farm-out process for PEL 0029. Although no farminee has been identified to date, the Company will continue to seek potential farm-in partners.

Thanks for the reply.
I just thought Georgia was dead and gone,
- almost like Trinidad these days!