Member Info for JerseyCrew

MH01 - some will be joining on the hype but many will be joining on the diversified potential here. As for how much Callum values his reputation- well I think we are reading the man differently. Do you think he needs the money after GGP?

I also think that you are underplaying Callum’s knowledge and expertise- he practically help write the book in deep discoveries in WA. Guessing is a phrase that does him a disservice in my view - but you might think my comments are rubbish again and of course you are entitled to that view.

MH01 - agree to a degree with your post and whilst the geology is of courser the key, I think that you have perhaps played down a little too much Callum's importance. He was instrumental in understanding the potential for the deep finds and the pathfinder elements that can point to a potential final. He has actually held a number of licences in his own name over the last few years but this is the only to my knowledge where he has had the confidence / conviction to put his name and money on the line in such a public way. Someone commented that they didn't think he would be here until any find to not - that may or may not be the case but they also said they believed it was largely about the discovery for Callum - his reputation and future legacy is at stake here and whilst absolutely no guarantees here, the speed of the airborne survey has been frankly remarkable and we have yet to learn what the enhanced exploration activities are.

So to repeat - no guarantees but for a self confessed Callum fan I'm in for the journey personally.

ATB

I like our CEOs style.

Gentle reminder - the magnetic anomaly is 25 times the size

Even though I can't buy at the moment to continue my averaging up - going to NT

Never too later Mercedesman - suspect I am not alone in my averaging up!

Gordon - I went with the simple question to see where it went. I dislike cross ramping on these boards and was wonder about the relevance of the comment. Still waiting……

Does WSBN have an oil play as well?

Surfi - just to high light from the last presentation - the anomaly being surveyed right now is 25 times the size of the equivalent Haverion anomaly.

If you work out the survey spacings they are taking a very detailed look (I reckon circa 6 metre spacing if my maths is right)

The penny really does not seem to have dropped at the potential size here yet.

ATB

Agreed Esoen - and if people have limited time initially I suggest focusing their attention on the oil and gold plays initially and put aside the gas play for another day.

Tweet message from our CEO following the StockBox mention yesterday:

Thank you for the mention guys. Global Petroleum #gbp is working very hard to push forward rapidly on all fronts & look forward to updating shareholders in due course.

I am excited about the future & aim to deliver significant growth & value to our owners the shareholders!

Nice summary and clearly he was excited- Mark expressing an interest in interviewing the CEO - I can see that happening alongside the news we hope for! Great timing before the markets open in the morning for potential investors to digest and do their own Sunday evening DD.

ATB

I guess it will come down to the business plan / timelines and downstream revenue- if there is a clear path within acceptable timeframes then why go chasing rainbows. Ultimately everyone will have their own personal agendas and strategy here I guess.

The point Im not getting is why would they want to sell at a loss?

Bebeto - we can turn to discuss warrants after you enlighten us about off setting tax - I’m still waiting for you to explain how that is profitable…..

Bebeto - very familiar with warrants - but we are talking tax aren't we and offsetting losses?

Do you really think that HNW's have to liquidate to be able to afford to exercise the warrants? Is that where you are coming from here?

Two separate issues here and I it seems to me that the posters below know exactly what they are talking about.

I suspect that the HNW warrant holders have a really good idea where this is heading - if us mere mortals do - they surely will.

We have some action again

I'm not a UK tax expert so this is an interesting topic - from a very cursory glance on the internet which is a very dangerous thing I know, are you talking about off setting CGT by selling and incurring a loss? Is so and assuming that they pay the top rate of 24% - they will save 24% on their CGT for the mount of the loss. That means of course that they have also incurred an actual loss of 76% unless I have misunderstood. Would many want to crystallise 76% of the lost element I wonder? Eg - buy £1000 - sell at £600 - lose £400 and reduce your CGT taxable amount by £400 - saving you £96 - so lose £400 but gain £96? Have I understood correctly?

So a number of assumptions:

- they are subject to UK tax laws - big assumption

- they are declaring gains elsewhere (mmmm HNW's have a tendency to mitigate taxable gains very well via effective tax planning)

- they see no upside in the future potential which could easily see the SP double within 12 months of resisting

Maybe you are right and some might want to rearrange their portfolio - but I suspect the true HNW's here will take a slightly more long term view with this stock. We'll see of course.

Perfectly normal for people to take profit at all levels - new investors also coming on board - all part of the natural cycle.

Bebeto - flip - so they sell and buy back in? Please elaborate in your point so I understand your point of view on this topic if you don't mind.