Member Info for JD-Nau

Golightly, I don't buy it. This is definitely just the board stalling for time on legal technicalities while they hope that they can get the Shell and the Italian deals across the line and give shareholders a reason to vote for them. At the moment, their track-record is just a long history of failure and bleeding the company dry in salaries.

Truthfully, I do not trust them with the Shell money much either. If that cash comes in they need to immediately disburse the promised £4 million to shareholders as we know that if it doesn't happen straight away it will not happen at all - just like the £750k buy back program did not actually happen. £150k bought at the last count I believe and £750k nil cost options awarded to the board. You can see where their priorities lie.

But like I said earlier, if they get the Shell and Italian deals over the line then this will change my view. All I want is for the company directors, whoever they are, to be delivering value to shareholders . If S&S manage to do that then I'm willing to let bygones be bygones; but at the moment all they have is a long track-record of failure.

Taverham, how have Oza and Williams mounted a decent defence against their removal? They do not appear to have defended themselves in any way and have simply rejected the Requisition on a legal technicality without even specifying what that technicality is. It seems like more of their usual work to me – keeping shareholders in the dark and refusing to let them have any say on the direction of the company.

Its over to the requisitionsers now. Do they give up or do they come back for another bite of the cherry? In the meantime, the best thing that S&S can do on all our behalf is to get the Shell money over the line and deliver on the production permission for the Italian assets. Although I was nervous about the status of these last week,; for all the noise made on Twitter about these being in trouble, there are massive proven reserves in there and the company has been very clear that it intends to get an early production permit before the end of the year.

I wonder if they are working on this behind the scenes to get this potentially company-making asset delivered before any new requisition is held? It would certainly change my thoughts on how I would vote if they could deliver this. But as ever with RBS, we are all just left to sit in the dark and guess what is happening. The only thing that we actually know for sure is that we will get some news on the Shell money, one way or the other, by early December.

I cannot believe that the Italian asset is worthless. Reabold have invested £2.5 million in it this year and valued the asset at £15 million. They must have done their due diligence before they invested that amount of money. Even the two clowns could not make a such a monumental mistake.

If the valuation of LNE really is £15 million then that is completely barmy. It means they are valued 50% more than Reabold for an asset that has not yet got permission to produce. If it is our investment that has given them that valuation then I agree with you itsawrap we have massively overpaid.

I've got to be honest, I can't work out why the share price keeps going down here. Surely my investment has to come good at some stage?

Forget about sunset, I'm looking forward to daybreak.

Sorry, (couldn't resist it).

From what I read online it looks like it has to be called within 21 days of receiving a valid requisition. The clock is ticking...

It sounds to me like the chancers who run the company are looking at trying to get out of holing the EGM for the requisition. Look at the accusations they have made in the RNS. They keep using words like trying to “gain control of Reabold without paying a premium to shareholders” to pretend that this is about anything but their incompetence.

Last year when the first requisition happened the share price was 0.25. Since this lot were given a second chance they have reduced the value of the company by 150%. They have a lot to answer for in the last year alone. The value is already in the company, but it needs the clowns out to realise it.

If this requisition has been made then why have the company not announced the fact that they have received it?

The board rep looks like it is Darren Williams to me. As per the bio here: https://daybreakoilandgas.com/officers-and-directors/

The share buyback program is a joke. They announced on the 28th April that they were going to buy back up to £750k shares and then they announced on the same day that they had granted themselves nil cost options to the value of, you've guessed it, £750k at that day's share price.

Basically they are using company money to buy back shares to give to themselves. You couldn't make this stuff up. Especially as they have only bought back £120k worth of shares so far but their deal of £750k worth at no cost is already booked in as long as they reach the targets.

They are never going to buy back £750k worth of shares ,it was all just a trick to distract from the options that htey granted themselves.

They have always been terrible at PR. Why do they think that it is ok to always keep us in the dark?

Are Zenith still interested in Benin now they have announced that they are acquiring assets in the USA? I am still sitting on the sidelines waiting for a Benin announcement before I dip my toe in here.

The current share price her is ridiculous. They are making money on a daily basis now and the share price is still going down. I have no idea what is happening with the London markets nowadays.

Share price ticking up now Paul Forest has stopped selling IMO. Fingers crossed for news to drop soon.

Clontarf presents an exciting prospect for investors as it is currently at a very exciting stage. The stock liquidity is good and has already demonstrated it can rise significantly upon receiving positive news. It also still has enormous untapped potential, particularly if the Next ChemX technology performs as anticipated.

With the lithium assets in Bolivia, and also the 50% of the JV in the Next ChemX technology, Clontarf may not only process its own brines, but also have the opportunity to process all brines owned by the Bolivian government.

The government's plan to establish a state-owned lithium company, Yacimientos de Litio Bolivianos (YLB), to develop Bolivia's lithium resources is crucial. YLB is intended to be the exclusive extractor and processor of lithium in Bolivia and is tasked with developing a value chain for lithium products. The government also wants YLB to produce battery-grade lithium carbonate in Bolivia itself and so having Clontarf and Next ChemX technology operating in-country would be a step towards taking ownership of Bolivia's most valuable resource. If the technology proves successful in enabling exploitation of the lithium Salars without damaging their ecosystem, it is possible that the government could mandate the use of the Next ChemX technology throughout all of Bolivia's lithium production. Clontarf, with a 50% share in revenues, stands to benefit massively if this were to happen, and while the chance of this happening is probably small, the rewards if it does will be enormous.

The only negative thing that I have to say at the moment, is about Bolivia itself. I have worked extensively in both Africa and South America over the years and I have to say that Bolivia is definitely one of the more difficult countries for an international business to operate in.

Bolivia's tax laws are complex and favour the government over companies, and currency control regulations make it difficult and slow to move money out of the country. However, because Clontarf's high-end technology will, if successful, enable the government to significantly increase revenues from their lithium reserves; this may well make them more amenable to Clontarf and Next ChemX moving money out of the country than they ever were with the more low-tech companies that I worked with. As with many South American countries, it is often who you know that is much more important than what the rules actually are.

All small-cap shares on AIM require positive news to boost their share prices, and this need is constant. I have a substantial investment in Angus Energy and have been anticipating a rise in the share price since their recent announcement that their sidetrack was successful. However, the market has not reacted as I had hoped and is awaiting further information on the flow test results before giving the news the response it deserves.

News, news, news - that is what all small oil companies require to significantly increase their share prices. A lack of news means that the share price will either remain stagnant or decline. I have always been critical of Paul Haywood's management of news flow and PR, but the recent increase in the share price is a positive development. We should expect to receive more news in the near future, so we just have to sit tight and wait for now.

It is evident that PF has been selling for some time and will likely continue to do so in the future. As pointed out by others here, Forum Energy was compensated by Angus in shares for the acquisition of Saltfleetby, and the only way for Forum to convert these shares into actual cash is to sell them on the open market. Paul Forest is also only a director of Angus as part of this sales process, to oversee Forum's significant investment. His loyalty is primarily to Forum and not to Angus. However, I would suggest that the fact he is selling at present is a relatively positive sign, as if the flow test were failing, then as a director with inside knowledge then he would not be permitted to sell these shares.

Additionally, it is important to consider that Forum owns a substantial amount of stock in Angus Energy and cannot simply ask their broker to sell it all in one day, unlike most of us shareholders. They must wait for trading volumes to increase and gradually release the shares into the market to avoid crashing the price and reducing the amount of money made from selling their asset.

Although it is not ideal that PF is somewhat depressing the price by frequently selling into the market, hopefully, this marks the end of the sales process for now, and he has attained the desired cash return. This, in turn, will hopefully mean that Forum will refrain from selling for a while and wait until after the flow test results are announced, allowing them to sell more at a higher price later.

Although I haven't invested in Zenith Energy, I have acquired considerable experience working in Benin over the past few years. I take exception to the labelling of the country as one of the saddest and most deprived places in the world. Quite the opposite, particularly in regards to running an oil company. In fact, there are multiple reasons why Benin is a prime destination for an oil company seeking to invest in the region.

Favourable Investment Climate: Benin is known for its favourable investment climate, and the government encourages foreign investment in the country. The country's government has implemented policies that attract foreign investors, including tax incentives, streamlined procedures for business registration, and free trade zones.

Strategic Location: Benin is strategically located in West Africa, and it shares borders with Nigeria, Togo, Burkina Faso, and Niger. This location makes Benin an ideal place for an oil company to set up operations and export its products to other African countries.

Oil Potential: Benin has a significant potential for oil exploration and production, and the country has already discovered several oil fields. The oil reserves in Benin are estimated to be over 100 million barrels, and the government is actively seeking to attract investors to the sector.

Stable Political Environment: Benin is a democratic country that has a stable political environment, and the government is committed to creating an enabling environment for businesses to thrive. The country has a well-established legal framework that protects the rights of investors and ensures a level playing field for all businesses.

Skilled Workforce: Benin has a skilled workforce that is well-educated and proficient in English and French, the two official languages of the country. This skilled workforce is an asset for an oil company looking to establish operations in the country.

In conclusion, Benin is a good place for an oil company to get a license due to its favourable investment climate, strategic location, oil potential, stable political environment, and skilled workforce. It is a great place for a any oil company to do business. I am not invested in Zenith Energy but if they acquire an asset in Benin then I would definitely be likely to change this situation.

To summarise, Benin is a highly favourable location for an oil company to obtain a license due to its attractive investment climate, prime geographical location, abundant oil potential, stable political environment, and skilled workforce. Therefore, it presents a promising opportunity for any oil company to conduct business. Although I am not currently invested in Zenith Energy, if they acquire assets in Benin, I would be inclined to reconsider my stance.

Push2 - can i say thank you. It is extremely useful to have someone like you with industry experience on this board who can help interpret the Angus tweets and convert them into easily understandable timescales.

On that note, how long do you think that it will take to run the casings and when do you expect that the horizontal drilling will actually begin?