Member Info for JezTheFez

Scooby Scooby Doooooooooooooo!

Very happy with that RNS today. Been waiting long enough for it to come but it should be worth the wait. We are now deserved of a share price rise commensurate with our assets.

Derby,

One obvious point I will make is this: right now, it's not so much a case of "we are surely worth more than what the current share price is". Rather, it's more a case of, "how low will the share price get before it starts to make a recovery?".

If people aren't investing right now in fear of the share price falling further, then that isn't going to do wonders for the share price at the moment. The fear has come from there being a very high probability (75% to be precise) that Te-10 is going to be a failure / duster.

Contrary to this, I suspect at some point there will be a mad, fierce scrap for shares when we do reach what people assume to be the bottom. Just as will be the case should Te-10 be a success. Suddenly the share price will head violently northwards as some of the risk would have diminished and the share price underpinned at what will be a much higher level / price.

Shpunken is right. Not enough emphasis or discussion was focussed on what the downside may be. In hindsight, although hindsight is a wonderful thing, that was perhaps a mistake on everybody's behalf. In any scenario in life, you need to have a back-up plan....a contingency. The slight lack of communication at present from our BOD is because they are probably evaluating what their best contingency plan is. If they asked us, I suspect we would all give them a slightly different answer, which means there probably isn't one right answer. Ultimately, this whole venture will be judged on two simple wells i.e. Te-10 and Te-11. The rest is history, as they say....

Whilst I like JP, he seems to be the only one who has made money from this whole debacle. He and his buddy, Marco Tagliatelle or whatever his name is. He hasn't done himself any favours by mismanaging our expectations with his unnecessary hype. In hindsight, all that hype was to keep we PI's interested and invested in SOU so that he could carry on paying himself a wage and exercise his share options at a profit. I hope when he sits down with his family this Christmas, he remembers all those good people that are now less well off than they were when they put their money into this. Out of principle, I won't be going anywhere his next venture i.e. C4E. If people don't bother investing in him then he won't be able to get C4E off the ground as easily as he would have liked.

Meanwhile...the share price continues to fall and I am now 20p down when I thought I was buying at the low point back in May when it hit 34p. How wrong was I and how wrong many of us have been. My new target price for this share as I have mentioned is 9p-11p and should there be another duster, I suspect the share price will be even lower. Could we even see 5p-7p? Absolutely horrifying and that's why I have recently purchased a load of private number plates instead as they present me with a better investment potential. The '19' prefix plates went on sale from the DVLA last week, so if you guys are thinking of buying a private plate for your car then take a look. Lots of people assume the '19' plates are being released for sale next year and now you know they are on sale. You will only be able to put the plate on a March 2019 registered vehicle though, which is laughable as many of us won't be able to afford that nice, new, shiny that car we were looking forward to buying next year!

The comparison with Bullseye is hilarious. Stay out of the black and into the red, nothing in this game for two in a bed. Very apt seeing as though we have two darts left. We even have our very own Capital D at the ockey in Brian Mitchener calling the shots. Let's hope that Bully's Star Prize isn't a speedboat, but instead many TCF's.

Luckyman,

You make it sound like Bully's Prize Board on Bullseye! Stay out of the black and in the red....!

And Bully's Star Prize is......a Talbot Samba.

3 dusters in succession should help you evaluate your investment decision here, Cannae. We are all hungry for a bit of success. That's all we want and we have been patiently waiting for it too...…..some more than others. People are entitled to express their opinions on this bb, no matter how they come across to other investors.

Shaungreen…

I suspect the majority of us are under water and just holding in the hope we have at least one successful drill. One decent drill will be all we need to boost the share price and overall company value. If Te-10 does prove to be another failure then Te-11 will have to be our saviour. I'm feeling more hopeful about our chances at Te-11 than Te-10 simply because the guys have more time to analyse the data and make more informed decisions as to its exact location.

I know we are having a bit of a moan and an exchange of jokes, but it's only to pass the time with a hint of amusement as we await our fate. As I said the other day, right now I am more concerned about Trellis's depleting wine stock rather than worry about how many thousands I have lost.

I knew Trellis would perk-up on the subject of booze! It seems he has frequented most drinking establishments up and down our fine land.

We've already had one missed penalty and it went something like this...….

https://www.youtube.com/watch?v=YheRaZraHps

There's no camera at Te-10 because JP doesn't want you to see all of the Oompa Loompas working on the rig set-up.

Magoo - two weeks is a long time on AIM. Take a look at SOU for instance. Dreams can be made or shattered. That's why we invest. We love an adrenaline rush!

hashtag Taurus, tome, to you...

Try to remain hopeful that something will happen for the best. If the BOD sense that we have given-up then they will too. They need to know that we have placed our utmost trust in them and we are expecting them to guide us out of this current situation. I'm still in favour of a company sale as you all know, but any scenario that doesn't involve us going under will get my approval. BOOM!

Post of the day has to go to Trellis when somebody asked him if his glass was half empty or half full, to which he replied, "my glass is always empty". Still laughing at that comment. I wonder how many bottles of cheapish plonk has ben guzzled today? I think his Wine Merchant is going to have a very busy December.

Crude,

May I also add that should you have used seismic to navigate your way past the Dartmoor tors, you may have ended-up in Exmoor instead.

Geraint Thomas will win.

Crudehope,

During your Darwinian hike across Dartmoor, did you manage to stumble across any gas? If so, please let JP et al know. If no gas was discovered then we'll just have to rely on Trellis's impromptu flatulence's caused due to excessive alcohol consumption.

Dealmeaces,

I think there is some truth in what you say and you could well be spot on. Perhaps our timelines for these 3 drills has been dictated by the would-be buyer(s) who want all three wells drilled by end of March 2019. At which point, a discussion will take place to ascertain the potential worth of the company or each individual asset.

I would also suggest that the circa 30 million pounds left in our coffers is linked to the 28 million debt that sits on our books. Is JP keen to ensure we have enough spare cash in our pockets in order to pay off / settle any outstanding debt that is sitting on our books? Possibly. Don't be shocked if JJ asks JP for another equity raise so that we have enough extra money to spend on any unforeseen circumstance and for ongoing operational costs. I don't think JP wants to eat too much into the circa 30 million we still have left, although that figure is realistically more like 24-25 million right now based on what other people have deduced on here.