Member Info for JezTheFez

Charts in the most part are a bit of a waste of time. Most of these AIM shares and especially SOU are very emotionally charged. A sniff of good news and the share price rockets upwards and the antithesis of course usually means the share price retreats. MM's will always do as they so wish to create a market and it is likely that they price will be walked down here so that they can gather together enough stock to play with before the next jump upwards, whilst at the same time not leaving themselves too overexposed with a glut of stock should Te-10 prove to be non commercial. I am therefore anticipating that the share price will be around 19p some time over the next few weeks especially should there be no groundbreaking news. The 5% per day drops look as though they have come back again. A good opportunity to top-up or average down if you're feeling brave / stupid. GLA.

It amazes me how some people are expecting a RNS any time now with regards to Te-10 results. Some even want to see a flare?!? I tell you what.....I'll light one of STZ's farts as he sprays a canister of Lynx and will email you a photo if you're in dire need of a flare. At least there is a guarantee of gas and no speculative chit chat.

JP has already stated that testing is "marked for February". If some of you haven't realised, we're still in January. When has January ever been February? Second to this, JP has only referred to "testing" in February and not issuing the final results. You will need to refer to the latest PP presentation on the SOU web site to notice that testing is scheduled to conclude early March time, which probably means that the final results won't be available until some time in March.

The Te-11 location will NOT be confirmed until the flow tests have been concluded at Te-10, so once again don't expect a RNS regarding Te-11 location until some time in March at the earliest.

The GSA has been dangled in front of our noses for months and months and months so there is no telling when this could land and it doesn't appear to be linked in any way to the Te-10 results from what we are led to believe by JP. I have a hunch that we could get it in early February but that is just me guessing based on the Moroccan gas conference timing. JP appears keen to get it sorted but will not be rushed. Again, he has made that very clear, so patience needed once again.

The share price is likely to retreat in the absence of news,but don't all AIM shares follow that general trajectory during quiet times? People talking this share down in the interim only want to gain a cheaper entry price so they can ride the wave again. I suspect that there are a large number of Fronterans out there who are looking to recoup their lost money, so I can't say I blame them. That's one share I'm glad I jumped out of before the fun and games really began in earnest.

Trellis? It's good to see you back and bladdered as usual. I'd hate to be reincarnated as a grape as I wouldn't last long in your neck of the woods. Your alcoholic anectodes always make me chuckle. #chucklechuckle

Right......back to livin' the dream as I stare out of my foggy bedsit window above a chippy dreaming about being employed again as my twin brother is slaving his gaseous butt down the call centre.

Shaungreen,

What are you talking about? I have never sent JP an email. Thanks for stating that the likes of me would have been sending him "scathing emails". For one I respect JP and it is not in my nature to send a CEO of any company a nasty email unless of course you're talking about an ex CEO from MYSQ who has run away with my and many other's money. He has gone missing though and is being chased by the authorities, so only a matter of time until justice is served IMO.

Bongabob - it's never a long walk for a bag of chips. Charity begins and ends at home for me. You can donate a case of fine Hungarian wine to Trellis should I be right and if I'm wrong, then Trellis already knows I'll be buying the champers at the LE party. I'll throw in a few free drinks in.

PNE79 - Don't want to sell any shares at a loss. That's all. Couldn't be bothered. Call it stubbornness, but I just don't want to sell my shares for a price lower than I originally bought them. I know I can sell and buy back in on a potential duster, but I'll just buy some more if that happens and lower my average. Not the tactics that Jordan or others would adopt, but that's what I will do I think. If it turns out to be a commercial well then happy days.

Bongabob,

Yep, that's me alright. I am unemployable rather than being unemployed and it's a 2 bedroom bedsit. There are many benefits of living above a chippy. Dinner is never very far away for one. If you're ever around my neck of the woods then pop by for a bag of chips. I said it is just a hunch and that's all it is. You will have your opinion and so will others with regards to Te-10.

I did see the TW presentation and I believed him. I remember making a big song and a dance about it, warning people to be careful. However, the subsequent interviews that we saw led me to think that things were and had improved now that Chong was on board. We have said it before, but we can only go by the information that was coming out of MYSQ in order to make our own judgements and what we heard from Schaer turned out to be a fabrication of the truth, which I find disgraceful. The Proactive TV interview that was pulled in which Chong and Pottinger were making out that everything was moving in the right direction and that we'd have a new CEO in place by January 1st was also false information.

So, who were we supposed to believe? TW or our own CEO and team? I had to go by the information that was released by MYSQ and hence why like many others, I thought we stood a chance....a really good chance of making a go at it given our emerging market and the various remittance channels opening-up....not to mention the WeChat deal with no other than Tencent.

It seems likely that we won't see any of our money back. Read the RNS that was posted on the Investor page last week. The BOD still hasn't been paid and there is around 32 skeleton staff remaining that I suspect also haven't been paid. It seems likely that they will stay operational right up until the point where they run out of money completely and not before they pay themselves off with any revenue that is generated.

The only way we are likely to get any money back is through a law suit and that will require more money to bring those that have offended to justice. I haven't got any spare cash left to throw at this so I guess people will make their own decisions as to what they are going to do - especially those that have lost hundreds or thousands of pounds or even tens of thousands. My loss is 6 grand so not as bad as some but nevertheless represents quite a sizeable investment for me.

PNE79 - yes, I am one of those who believes that Te-10 won't flow commercial gas despite there being gas shows in an interval they have identified and are just about to mechanically stimulate. I still believe Te-11 will be the one that will be successful purely down to the additional information and time we have to get that one nailed on. Te-10 will undoubtedly lend some invaluable information about the wider basin model and the geology that exists there, but I don't believe it will turn out to be a commercial well. I think they were near to hitting the sweet spot but were just unlucky with the choice of location. Close but not close enough I reckon! Gas has migrated up from the Te-10 location IMO and I still maintain that we will get a cutely written RNS that will omit any mention of "commercial" or " non commercial" in its wording. In other words, it won't be badged as a duster or even a failure, but an addendum in terms of additional data and information that would have been garnered so that a would-be buyer can use this to better pin-point any future drilling locations in that general part of the licence area.

Before I get shot down again, this is purely my opinion and nobody else's. STZ will probably have a slightly different opinion as each of you will. I may be right and I may be wrong. It's just a hunch and that's all it is. This well was supposed to be a simple vertical drill and they were hoping that it wouldn't involve any mechanical stimulation despite making previous references that it might need it. The rocks there are very narrow in formation and tightly bound and I think they will have a job getting the gas released and more importantly flowing gas at the pressure required to make it commercially viable.

If the GSA was being held back for a reason then it could be one of a number of things: there are quite a lot of fingers in our pie and pleasing all parties may be quite tough. It just takes one of the parties to disagree or throw a hissy fit and then everything is put on ice for a while. It may be more simple than that in that we just need to discover more gas over and above that already discovered in the TE-5 Horst before a price is offered. If you were to ask any one of us what their thoughts are with regards to the timing of the GSA, you'd probably get a whole range of answers. It is therefore quite likely that we can speculate all we like, but it's not going to make an ounce of difference. The GSA will come when it comes and at least that statement has some truth. And those that believe the Te-10 final results will arrive in a couple of weeks time ought to think again IMO. It is likely that the mechancial stimulation equipment is still arriving on site and needs to be implemented. If you don't agree with me than email JP and he will tell you what the status is. Despite my efforts at suggesting that people shouldn't panic thesmelves in the interim and should wait patiently for the results, there appears to be a slect few of you who are still trying to force the results out just because you are feeling bored. Sit back, relax and don't upset youreselves. All you are doing is stirring-up poor sentiment and nervousness on this bb, which in-turn causes panic selling and indeed panic buying! This is a very emotinally charged share to be in at the best of times and it is because there exists an intrinsic nervousness and a sincere lack of patience on behalf of many individuals. I can see why as of late, some traders have made a small fortune as they surf the volatility. All you are doing is feeding the trader and probably creating more paper losses for yourself in the the process.

I don't think the mechanical stimulation equipment has arrived on site as of yet, so I am not expecting final results until early-to-mid March time. The testing and analysis will be quite extensive. That wait may be quite painful to some, but just sit in the pocket and don't panic. People tend to think the worse when there is a delay, but they will go at a pace which is comfortable to them in order to garner as much information as they can, which should hopefully be of benefit to us all. In the interim, I suspect Trellis will need to phone his wine merchants and ensure his cellar is well stocked.

I don't think Trellis has a liver. That went years ago. I think he's got a bionic filter installed that filters out all of the pure stuff like water and keeps all of the alcohol nicely topped-up. It saves on the wine bills.

Tapper - he made two pickled onions cry last night.

Tabeleg - excuse my brother. He is even more deluded than I am. Perhaps it's his diet of spam fritters with chips that is having an effect on his capacity to string a sentence together. He clearly doesn't understand what the situation is and that JP won't be rushed into delivering the news just to appease a few impatient PI's. I have already commented that the news may not come until early-to-mid March, which you can see for yourselves in the most recent PP presentation on the SOU website. Until then, sit back in the pocket and let the BOD do what they are paid to do. No point in worrying about the GSA either IMO. JP has already said that he is close to delivering the news. My estimation would be late Jan / early Feb and I don't think it has anything to do with the Te-10 results.

I don't think there's anything anybody is hiding at the moment. It wouldn't surprise me if they are still awaiting the arrival of the mechanical stimulation equipment on site. It takes a bit of time to get ordered, delivered and then implemented and this is perhaps why the testing timelines have been slightly extended. If you look at the latest PP presentation on the SOU web site as many of you have already done, they have the testing extended to early / mid March based on where the timeline arrow ends, so don't be surprised if we are all awaiting the final results around that time.

We know they have found gas, but they clearly need to conduct more tests to ascertain whether or not the gas is flowing at a commercial rate after the well has been mechanically stimulated. So right now, nobody really knows what is going on and probably not even the BOD who need to conclude all tests and follow this up with plenty of careful analysis before delivering the verdict.

I think what my brother was alluding to was that Te-10 was supposed to be a simple vertical drill and there was probably a hope that they would have discovered commercial gas without there being the need for mechanical stimulation. What could have so easily been dismissed as a duster has now been turned into something that possibly could turn out to be commercial, but it's too early to ascertain at this stage in time.

So, be prepared for what for many will be an uncomfortable wait before you get the news. I recall saying to Jacklevi at the end of 2018 that testing would probably extend throughout February because I saw the flow diagrams somewhere that made reference to this. This could now extend to early to mid March.

Expect the GSA in the interim, probably landing in late January / early February but that is just my opinion. We may even get some surprise news with regards to Sidi. Don't for one moment that JP has forgotten about Sidi.

I think Inv2w could be right. If JAN can land a decent BFS at some point over the next 3-6 months then the share price will start to get some traction again. The route back to 5p+ wouldn't look so bad, but patience needed until the recovery....lots of patience.

Jordan,
You do have a very valid point. Even my brother nags me to sell if I'm feeling certain the share price will fall. I put it down to my stubbornness I guess. The share price the other day didn't quite go north of my average price of 34p so I thought I would hold on in the hope that the following trading days it would increase. I never like to sell at a loss BUT I fully acknowledge it wouldn't be a loss should I sell and buy back at a lower price.
I am waiting for the forthcoming GSA RNS, which should land by month end / early Feb IMO to see where the land lies. I see the share price has pulled back again, so I should have gone with what you suggested to me. I was wrong and you were right, but blame it on my stubbornness in this instance.

Trellis,

Hype and Snipe more like! Good to hear you're still getting your 5-a-day. 5 bottles, that is.

Neptunes - Keeptofacts bases his decisions on no facts, but instead hype. One for the filter bin too I reckon.
He won't accept that Te-10 may not flow commercial gas despite the BOD arousing some much needed interest with regards to the geology.

Yeah I noticed that after I submitted the message. We have to hit at least 1p again here at PRIM though. So many fingers in so many pies, some cracking investments to boot and we have money in the bank. I reckon we will have our day one day soonish. I've been holding here for just shy of 5 years and I will carry on waiting until things start to take off in earnest.

MKX007,

Where did you hear / read this could go to 1 pound per share?

Things are looking very positive for PRIM at the moment, I have to say. However, I'd be happy with 1p at the moment..let alone 1 pound!