Member Info for JBBrown

Folks have been looking in lately and decided to post, especially noting the drill was as I predicted, early (on time actually). I suggest researchers look at the RKH RNS that announced ASH-2 for a more accurate view on when results will be announced. Also I see D&M declared their hand so LTH might like a comment. Have a look at where they have been associated with PM, bearing in mind the LONG spreadbet takes them above the PM holding (oft used tactic). WEN is a good place to start (not in there) but there is more info for those prepared to look diligently and NB the quality of the companies they hold, all very good for UOG. Onwards and upwards. DYOR etc.

Darien, Folks, good news today. For clarity of what is projected have a look back at the 22 Dec update highlights. GLA but I need a lot more yet here.

Forest, Folks just checked the ASX and lo and behold Tigers are shown as Listing 5 February but NB their caveat, ‘# Listing dates are proposed dates for first quotation of securities set out in the entity's prospectus or information memorandum. You may not rely on this information in any way.’ Trust this helps and GLA. DYOR and check asx upcoming listings.

MFM Firstly I do not appreciate the contumely expressed in your posts. My original did not have ‘waiting for the CPR’ (as you put) and I mentioned in my post to Crizmo why I believe BL needs to be more careful in putting the message across. Sentiment in the Oilers is weak and opportunity to promote our good performance needs to be handled more astutely. We pay for PR and IR yet the message is not getting across. How about this? Results today show we are fully cashed up for planned activity and we get a monthly cheque in the bank from sales, and this is NET of all take (a number could be added here). Profits based around $20 and the oil price is significantly higher today. The gap between Brent and what we get is narrowed bringing yet more over time. We anticipate $ca2.5 m in the next 8 weeks from the sale of Crown. And that is ahead of any news on the current drill which historically has been at 80% COS. A little further in the year we will drill another exploration well in Egypt opening up yet more value and this will be followed by further development wells. Costs per well are very reasonable compared to offshore oilers and can all be managed from ongoing income. But then again I only do proper research and try and keep emotion out of discussion. No further posts from me and I await the drill news with interest as I doubt it will take as long as folk think. DYOR and GLA.

Crizmo, I bought in for Egypt too. MFM as an investor I seek to understand why folk don’t want to purchase our shares. If you put a timeline on what was said in the interview, the product of the Jamaica CPR could be as long as ‘back end of 21 with a possible view to a drill in 22’ (or similar). The Italy first gas could be as long as Q3. So for many it may be seen as jam tomorrow when they may be looking for a quick return. There is no escaping the CEO has done wonders in a challenging industry, my comments are not directed at him but at the message. Go on the OGA website and look at who is registered for the Crown asset, then follow it through with a view of the Hibiscus site. The opportunity to let investors know that there is near term real money due in the first quarter was missed, a pity as it may be lost (hopefully) with success of ASH 3. GLA.

Interesting reaction again on the news, sadly. Noting BL had the interview teed up too so I have looked again for possible reasons why the SP does not spark upwards. The interview is all jam tomorrow, try as he might. Italy is not a value trigger since 3 firms in the mix cannot shift the Italian porridge, (how many times have we heard that it is coming on stream ...) possibly treated as nil worth to SP. Jamaica has sunk value until something positive comes out, BL uses ‘hopefully’ too often and the CPR is down the road. Again investors credit it nil value as it is a ‘super wildcat’. Egypt has production and price growth but the placing that bought it was 3p (or less for the RKH tranche) and the hedge causes market confusion. No mention of the Crown money yet it will double the cash in the bank. Also a bit disingenuous of BL to say we are not impacted by Covid as this was the reason given why the Hibiscus deal does not go through until March 21 (at best). BL needs to change the message as the next news should be the drill result, an appraisal well with around 80 percent chance of success. Perhaps one of the NED s needs to step up because it is a good story overall. GLA.

TTL1, Hi Warrants can be both good and bad. When exercised we get the money into the Co but many who exercise warrants raise the money by selling shares that are in profit (for them). Timing is thus key as warrants nearing their end date and that are ‘in the money’ could be exercised with preceding share sales in advance. This could depress the SP. Look at my post of 6 Jan if it helps. Key here is that our fundamentals are very good, I am just seeking to understand why above ‘tree pea’ seems to be unsustainable. GLA.

Folks, have a good look at the Listing document, the Warrants fountain is interesting, holders, exercise prices and duration. BL certainly had to give a lot to get it off the kitchen table. GLA.

Folks not looked in for a while but thought you might NB the article on antibiotics and babies in the DT by Phoebe S. Seems medicos are waking up to the need to get any such treatment correct, and we have a world leader in this area. GLA.

Looking at the trades today how can so many be cancelled from yesterday?? Not met this before. GLA

Eccles well done on the prediction about CGC Subs.. 6 and a bonus ball would be kind! GLA.

Hi expected the CGC Subs RNS around now. Watch the price converted at and the number of new shares in issue. May give a clue as to selling that dropped us 10% last week. GLA.

O2 not sure we will see TR 1. Look carefully at the IPO document (relist) check out the significant shareholders and cf to the list on the website. Very little change since then, PM and Mr Rowe, the remainder seem to be Nominees. I just have a feel that Senterra (vendors of the original company) might have a hand in play here, speculating really but trying to come up with why we can’t hold above 3p. BL may know who took all the placing shares over time. GLA.

CBax sorry, Broker In Fact Avoid Emotion, good luck all.

GHRT/Folks good debate of late and confirms my own research. To have better credibility in many eyes BL needs to announce the money in the bank from Crown disposal as any further delay may cause another blip as sentiment is easily shaken. For info, deep research shows 120m placed at 2.5 in Jul 17 possibly flipped at any time but who knows if they gave BL a time limit to come good so to speak. After all 2.5 to 3.5 ish is better than 10% AER over 3 years. GLA.

Folks, in case of new/potential holders it is worth the look and careful listen to the BRR Media video of 10 Dec 20. Says a lot and talks of the double well test regime in the New Year. GLA and BIFAE.

Folks given price of WTI and note Ruffer still hold. I thought I’d drop my earlier post back in the mix, ‘Ruffer bought 126odd mill for Discretionary Clients. Believe they paid around .71 post VG-6 drill update, took them to 6.8% or so.’ Still consider their target is way above the Director’s last placing. DYOR etc.

Mr Slater has commented that he is ready to exercise warrants.

KingS you are welcome. Most on here will help. I seek only to broker in fact and avoid emotion, I will always note if there is any doubt. A couple of historical aspects may help. We were once Main Market listed, BL brought us to Aim (NB the quality of NEDs we have now). The ‘tree pea’ (can’t resist) was a substantial discount, even further if you look at 114m RKH at 2.66p so many shares over hang (Institutions will be happy with 30% all day long as its free money to them) so the SP reflects all of this IMHO. Below 3p lets investors in on similar terms to PM and others (GW is shrewd at PM). Selva is utterly dependent on an Oz listed operator, Italian lethargy and Covid, sadly but is to be substantial upside. All still value for the LTH. GLA and BIFAE.

That is correct, PL talked of joining or not the system, mentioned 2.1 to 3.8 GLA.