Member Info for JezTheFez

If there's any justice, whoever has done bad here should be found guilty and punished for their crimes. That will at least give us all some closure on this and no doubt some pleasure. We may have lost money, but we still have our pride and integrity intact. The person or persons who have done wrong here will have any pride and integrity stripped from them. They are set to lose more than us because their careers are now dead.

Thanks for your comments, Seav1ew. Like you, this is a loss I can manage because I'd never put an amount in that would jeopardise my overall financial security. No messages from Gadzuric, Destitute or Chris2 may suggest they also placed money into MYSQ and may have been caught out just as we were.

If people are wondering how / when we will hear any more news from MYSQ, as per the last sentence in this morning's RNS:

Further announcements will be made on the Company's website https://investors.mysquar.com/ following 10th December 2018.

So let's all keep an eye on the website and any news that is announced we can post on here and discuss what it may mean for us all....cheers.

Goldminer,
We all put our money into what we thought would deliver us a decent return on our investment. These things happen all the time on AIM and you can get better odds in a casino. It was fun while it lasted I guess and lessons have been learnt. Never trust anything you read or hear on AIM because 99.9% of the time it's a hoax. No more putting money into shares for me. The fun and games is now over for me and it's back to work for me - the only way I have ever made any decent money in the past has been through hard work and not taking shortcuts. I thought I'd get rich quick here but the gamble has not paid off for me as well as everybody else who invested here. Good people have been burnt. If anybody is suffering in silence then speak with us on here. I am big and ugly enough to take the loss but I know many out there will be suffering. If you need to air your views on here then there are people who will empthaise with you. I have heard some very nasty stories of investors doing crazy things to themselves after losing a lot of money, so everybody stay safe and maythefezbewithyou.

Taurus,
It's a real shame because this company had a stack of potential, but unfortunately it was being run by somebody who put their own interest in front of everybody else's out of nothing short of human greed. I trust that Chong and Austin will pursue the perpetrator(s) and ensure that they are brought to justice. We may get shares in this other company, but even that is not guaranteed and we don't know what value each of our shares would be, so it's all pie in the sky at the moment. I'm going to have to post my CV on Monster now and look for a job. Interesting question in my interviews, why are you coming back to work after 5 years? I was robbed. Nothing more to say on the matter. If anybody on here is intending to go over to Singapore in search of answers then please keep us all informed via your postings on this bb. I am hoping that the LSE keep this bb active and up and running so that we can keep in contact with each other. I have lost what is a large sum of money for me, but I know others on here have lost considerable amounts of money. Losing any money is not nice, but I had already written it off in my mind, so today's RNS came as no shock to me whatsoever. Let's see if we manage to salvage anything out of this debacle over the next several weeks.

What an utter disgrace. The RNS this morning confirmed my worst fears almost word for word. You couldn't have made it up if you tried. As suspected, it looks like the money laundering goes back further in time and is not confined to a single transaction but many. I wonder in Bionic and Chong have gone back over the books pertaining to previous tax years? I suspect they'd find even more anomalies.
So it looks highly unlikely we will ever see our money back which means I have lost thousands of pounds here. Now I'm going to have to come out of retirement and go back to work. Yes, my hopes and dreams have been killed off but nobody told me to put my money into this dog other than me, so I am wholly to blame.
I hope and trust that Eric pays dearly for this. He has robbed me and killed my dreams. I hope he does some serious jail time to prevent these atrocities from ever happening again.

Shpunken,
I think many others will be joining you all for a drunken dance off at your club. Not a great RNS and timed to perfection with the fateful RNS over at MYSQ, which means I have lost thousands of pounds this morning. Ah well, it's only money I suppose and it has been yet another gamble for me that hasn't paid off.
With 14% COS, there's more chance of finding hydrocarbons in my underpants, which I have been saying for a couple of weeks now. Highly unlikely we will have success at Te-10 and hence why I have stuck my neck out and predicted a single digit share price. It seems pointless buying now when you can probably buy a lot, lot cheaper on the announcement of another duster in late January 2019. Somebody at Sevenoaks needs to be punished for this lack of success. How could they get it so, so wrong?? These guys are supposed to be professionals too. Shame on BM, the "King of Dusters". At least he's consistent though. Consistently bad IMO. I am hashtag anchored in the mid 30p's so there I will stay and hope that at some point in time I will recover my money. The timing of the CC next week intrigues me, I have to say. Is a big announcement due? Perhaps JP is going to announce a sale of the company after TE-10? it wouldn't at all surprise me given the poor sentiment and the ever falling share price. Have we reached the point in time where the risk outweighs the reward? Perhaps. At this rate, Trellis has circa 3 weeks left by my estimations before he'll be forced to drink red wine vinegar. It's such a shame it's come down to that. I hope Shpunken has a "happy hour" running at his club so that Trellis et al can drown their sorrows cost effectively. Nuff said for now. The joys of investing on AIM. Wish I hadn't bothered.

Everything crossed for tomorrow AM....or if nothing tomorrow then Monday AM, but leaving things this late isn't at all ideal IMO. I just hope that Bionic and Kerching have managed to salvage something. GLA.

Partridge,

How are you enjoying your pear tree?

And a Partridge in a pear tree...………………….boom boom

Weather is shocking. Rain and thunder, apart from yesterday which was warm. Next 3 days very warm so hoping that we will get some proper sun. We have already consumed every one of the local delicacies as well as the local alcohol on offer. The Chuckles are walking several miles, running and swimming each day to keep the weight from piling on. It only cost us 18 quid to fly out here and the hotel although excellent is costing us less than 30 quid per person, per day so you can't complain. Most of the locals recognise us from previous years. You can't really miss us.

Crudehope,

It's nothing less than the sound of thunder...….the joys of sharing a twin room with STZ!
We have never traded a share and wouldn't really know how to. STZ and I am predicating another duster at Te-10. The jury is still out for Te-11. Should the share price fall into single fingers, which I expect it to upon another duster then it's top-up time for The Chuckle Brothers.

I'm still laughing at you being compared to Elton John's piano. Does that mean whoever plays you is a bit of a plonker?! That and Trellis's ever depleting wine cellar and his total disregard for the share price in favour of his array of European wines. Your comments have kept the pair of us amused during our Mediterranean holiday. I trust and hope you are enjoying your cruise?

As I commented yesterday, it seems as though JP et al are hoping that at least one of the three drills finds gas and or oil in enough quantity in order to positively effect our share price, such that the circa £28 million debt we have is offset against whatever the buy price will ultimately be. The caveat of course is that should we have three dusters, then we're going to quickly find ourselves stuck between a rock and a hard place. Our negotiating position will clearly be compromised and even our ability to attract a potential buyer or buyers will be jeopardised. It really does come down to the success or failure of the next two drills. Either we'll be the envy of the Oil and Gas Exploration Industry or one of the most notorious AIM failures. Only the drill bit will decide and not the ramptastic hopes of some posters on here that clearly are still blinded by the reality of what's going on at the moment. If it's too good to be true then that's because it usually is. Optimism should be replaced by realism as we enter a very critical stage in our lifecycle. It most certainly will be the "sex and violence" that JP has alluded to on a number of occasions!

#maythefezbewithyou

Shaun,

I wouldn't say that "depressives shouldn't invest in oil and gas companies". I think that after 3 dusters in a row, we have a right to be somewhat aggrieved. I believe that there isn't one true investor in SOU that would love nothing more than success at the drill bit. In fact I'd say we crave it and deserve it.

P.s., if any shorters or day traders were offended in the making of this message then I make no apology!

The somewhat / perceived rushed 3 drills may simply be down to finances. To be more specific, we have money in our coffers to run operations until end of March 2019 at which point (ideally speaking) we move towards our LE and the share goes into suspension until a deal is fleshed out. I think JP intimated that this should take us up to Summer 2019 so perhaps June, July, August. Let us also not forget the debt that is sitting on our books. I don't know the full details of this, but didn't a few people on this bb say that there is around 28 million owing? Is that US dollars or UK Pounds? Of course, a would-be buyer could ask for this debt to be deducted off the final buy price as one option around this. The caveat being that should all three drills fail then our selling position becomes more problematic in a number of ways, mainly our 'for sale' price and of course our ability to sell in the first place - hence why JP has hinted on an asset sale rather than a company sale. The other reason I will chuck in is that JP has warrants that he can exercise in March 2019, so I suspect he wants the drilling to be completed by end of March to allow him to exercise these. It kind of works around his own personal situation. I just hope that we PI's aren't being played and that the drill bit ends-up doing the talking.

3 days to go until we learn of our fate. Nothing much we can do now. The signs don't look good though, Taurus. I admire your optimism, but perhaps optimism should be exchanged for realism at this late stage in time?

Goldminer,

I hear what you say, however it is a generic message. In other words, it's a message that anybody would receive if they asked a generic question as to our future. Don't be fooled by the "diligent" in the message either. I diligently ate my breakfast this morning and now I need to go for a long walk to burn the calories off.

My guess would be that this Friday we get our fateful RNS. Sorry to be negative, but rather I see this as realistic given the lack of communication and the mixed messages coming from them. I'd love to be proved otherwise but even the most hardened ramper can't deny that this doesn't smell right.

Daveyboy,

I hear what you are saying and I agree. However, we have more detailed data coming in next month from the seismic work. It would have probably made sense to analyse the data before forging ahead with the 3-well programme. I honestly do believe that things have been rushed and it's a shame. We have 2 drills left and we'll just have to wait and see if we manage to find any gas / oil.

In the interim, they could have focussed their efforts on Sidi. Whether that be selling it, searching for a farm-in partner or even deploying a second rig in-country and doing one or two drills there. That's one of the biggest surprises I have about SOU - that is to say that a second rig was never deployed in-country. Ironically, Sidi has always been treated as the poor cousin in terms of our Moroccan assets, but it may turn out to be our wunderkind!

If we have been governed by a strict deadline for these 3 drills, could it be that our would-be "buyer" has agreed with us that we go away, find some gas and then come back to the negotiating table to talk figures? In other words, if we are rushing through with these 3 drills, I suspect that someone has asked us to adhere to the timelines stipulated and we're doing what we need to in order to fulfil this. We'll just have to wait another 3-4 months to see where the land lies at that juncture in time. Your guess is as good as mine at this present stage of time.

I admire JP for organising the CC. As you say, it's an opportunity for people to ask questions. JP has never really hidden from we PI's and he probably doesn't have a reason to either. Despite the poor results at the drill bit, he still remains my favourite CEO. It's the Technical / Exploration team that I have a problem with. 3 dusters in a row is simply unacceptable and should it be a 4th with Te-10, I think somebody at Sevenoaks needs to step up to the plate and take responsibility for this and that person IMO should be Brian. SLB aren't doing themselves any favours either, but I suspect BM has the final say when it comes to drill location and I also suspect that JP will go with whatever BM says - because that's what CEO's do: they trust their Exploration Directors to get it right....or as right as they possibly can do given the information at hand. Put it down to "exploration", put it down to plain ole fashioned bad luck, or put it down to poor decision making. You take your pick. 4 dusters in a row = poor everything!!

I'm a realist and Te-10 sounds awfully like it's going to be yet another duster before they have even fully erected the rig. I'm more concerned about Te-11 at this stage in time and I'd like to know where and when they are going to drill it. Unfortunately, they have rushed their way through 9 and 10 and I think they know it. It's almost if JP just wants it done and dusted....literally!

On holiday at the moment sunning my fez, although it's raining and thundering at the moment, which is not great.

Not sure what to make of all of this. I have read all of your messages over the past couple of days and I'm getting mixed feelings. Not sure what that goodbye message was on the MM Facebook page - how odd. To me, it sounds as though they are wrapping things up and preparing to land a fateful RNS last minute this Friday, which should this happen will IMO be a total and utter disgrace.

I have invested thousands of pounds into this and I feel robbed. I want the people who have done wrong to be jailed and I want my money back.

I'm going to be very displeased should MYSQ delist. It will also be such a shame because there is so much going for us it would be a tragedy. I will also miss our postings and general banter and sharing of ideas and views. I piled a lot of money into this, so it will be a bitter pill to swallow. I just hope they give us some news early next week and don't leave us hanging on until the eleventh hour. I'm off on holiday next week but I'll be dipping in now and again to see what the situation is. I am hoping for another company to buy us out, so we'll see how it all pans-out. In Chong and Austin we trust.