Member Info for JBBrown

KingS welcome and you are correct to question the numbers. Suggest you look carefully at the Interims and the notes and footnotes. Also listen to the Investor Call that accompanied. Revenue is Net Govt take which in Egypt is significant. Production guidance was around 2.8k per day again net but this time may be the BP hedge takes around 220 bopd (6600 per month). Clarity should come with next results since the costs for the last 2 drills cut across the acquisition process. Me thinks but I may be wrong. I work on $20 as break even price of oil so cash going in the bank every day. GLA.

PS The COO adds an interesting comment about additional boed already in 21 ie post 20 exit number. Confusing the figs does not put the full positive picture across to the PI world. GLA.

Folks again usual reaction to what BL has been saying for some time now or was it priced in? So it seems that the seller is content with around 30% (or more if you bought at the lows) so how many institutions are in now? BL knows who he dealt with so he is either (very) frustrated or has to tough it out like the rest of us. GLA and DYOR.

Chestec, there are a few on here in the same boat ie to sell or not. I was ‘suckered in here’ by you know who’s blog but it taught me a great deal about research. Paid too much so embarrassment kept me from posting until late last year and I now have time to do deep research, especially on people’s value added or not. Trading in and out of GGP and THR by our BoD has gained a lot of investment in other real opportunities at next to nil cost to us. The 2% royalty was a master stroke but ASX is the key for me given the pedigree of the people who started this and noting the contact groups you can build around MM and the late TG. Noting the route to ASX has not seen a prospectus to raise I just wonder if it might be an opportunity for TG estate to place privately? GLA and DYOR as this is a good board with plenty willing to help.

Folks, more research (gaining more clarity on the real potential of my holding) that might help as to why no TR1, ie at or around 18m is 3%. Look at those held in nominee accounts, AJB not showing on the notified list of significant shareholders, an error or they have their nominees sold below? PM is ’lead institution’ (BL in various statements) and paid around half a million, so unless others buy more then not much chance of TR1 on the upside (I’d like to be wrong). As to Subscription lock in, standard stuff until you need the money when the buyer can find you a chance to sell in one go, especially if you are happy to take a haircut. Positive is that Mr JR seems to have bought 4m more between Sept and Nov. As they say, patience and GLA.

Five8 I posted this in Nov, hope it helps. Tthanks for drawing attention to CGC Subs shares. These shares will always dilute so unlikely to result in TR1 level. I read it that they have around 20 million in the money over 1.475p and there is a theoretical sell to buy strategy that could see them with a substantial holding that has cost them less than $1.85m. They have 3 months between purchases to execute any such strategy which might point to the drip feed selling. Sadly another $500k to go over 2/3 tranches, next one in Jan 21. Just a thought and DYOR etc.

O2 Thanks but have a look on the UOG website as the figs are dated 3 Nov, NB AJ Bell. Also here is some research. into the RKH ‘placing’. 114.5m at 2.66p (PM took 19m, PI [Rowe?] took 18+m) so say 76m across ‘a small number of institutions’. 18m is about the trigger for TR1 at 3% yet none have been produced. Algo bot could see 15% profit at 3.1p up to 30% at 3.5p. I made it about 70m traded between 1-2p (best guess). Optiva warrants exercised in Jul at 2.5p (6m), so plenty of traders in the money at around ‘tree pea’. Comforting to know the Chairman and CFO took about 3m (others [unknown] subscribed for 5m) at 3p so there is still lots to look for, if as others say, you are patient. BL will know any with sticky hands. GLA.

Draft/Folks, just thought I’d remind readers that this tech is NOT yet being used to full effect. Bonded goods attract no customs charges until released for sale. So use the tech to ‘bond’ goods in vehicles that cross the Channel between sender and recipient, think of just in time and just in sequence manufacturing. No paperwork, no hold ups and no additional fuss. Come on MR get your salesman hat on and give the EU a call. GLA.

Oh forgot to add, have a look on ENI website for their latest news of big oil near us. GLA.

O2 thanks, makes it easier to understand when shown on one page. I note from the Sept Call that the repayment fluctuates with the oil price which can be very positive to the bottom line. All good news. Sorry to hear Alberto is on the move, the new NED has bags of credibility so good news. GLA and have a safe Christmas.

Robrin, hi and welcome most on here seem genuine LTH. If you had time go back to the Listing Document as it sets out the full story with great pictures/maps, NB that RKH have sold up which has impacted SP for some time. O2B are you able to help with the BP loan/hedge as I got confused by the commentary of how much was paid back, please? GLA.

Raha try search web for Coinbase IPO you might look through the headlines to see what its worth. GLA and DYOR.

Folks, good news on the ASX submission. Anyone interested in the process/timeline might look on GUN shares RNS (not in there and you have to research back through the RNS's to 5 Nov) as it sets out detail of a company that has just gone through to IPO. GLA, great board this.

Folks the recent RNS from Oct and the various interviews/commentaries should have brought uplift in comparison to other oilers. Yet they have not. As a comment, the manner in which the reports are worded does not add clarity (noting the CFO said in commentary that they were improving!), hence the confusion over gas as BOED and/or M3 (most others report on Scf with a ‘price per scuff’ that is easier to translate into cash in the bank). PL talked of RNS Reach yet not seen (others NOMAD encourage these as cheaper to publish). Even clarity about categorically no more placing doesn’t seem to cut it. One positive note, the Oct forecast for LB-1001 was est at 100kM3/day or 588 boed and the 7 Dec RNS says ahead of expectation. Just need someone to do the maths at between $2.10 to $3.8 per mbtu (PL comments in Investor Call). There is hope yet. GLA etc.

Thanks for the link and commentary fellows. The next RNS should be news of the cash for the Crown asset or a ‘spud’. I was interested in the comment about ‘planning for our next promotion’ when mentioning the calibre of the BoD. Could BL be looking to take us back to the proper market, especially as he does not need the “heavily discounted placings”? Just a thought and DYOR .

JTD again thanks for the link. I missed it first time round BL makes an introductory remark and then highlights Premier Miton towards the end. Slide 13 lists as at September so fingers crossed they still hold/have taken more. A very positive note is the oil price received was only $28pb and it generated profit/free cash. So the coming quarter must reflect higher profits given that there has been little Capex etc. GLA.

JTD thanks for that snippet on Miton. May I ask how you came across this as I like to research thoroughly but had no indicators to follow. Every little helps, thanks. GLA

Amirkat, I posted this starting in Feb. Have not seen any TR-1 to suggest any has been sold. My holding here since RNS 4 Feb Ruffer bought 126odd mill for Discretionary Clients. Believe they paid around .71 post VG-6 drill update, took them to 6.8% or so. Holdings RNS of 16 Jul shows they still hold, as do I with target considerably above their purchase price and that of the joint CEO. DYOR etc GLA.

L and G, good debate. Folks, for LTH I have been researching the share structure here as I am disappointed in the lack of growth in SP despite the good news. A thought based on RKH RNS 27 Aug. 114.4million “placed” by the broker with “small number of institutions and one private shareholder”. No price quoted and ‘oversubscribed’. 18 Sep TR-1 holder at 3% with 18.8 million shares. Leaves 96 odd million between a small number of institutions, yet no TR-1. Could it be that the selling comes from them since no lock in details were included. They may also be selling at a profit at around ‘tree pea’. DYOR and GLA.

Brasso, by the time the subs shares are done we will be nearer 2.5 billion me thinks. Any comments from the investor call would be welcome, GLA.