Member Info for JezTheFez

Eric the Merciless.

Nothing we can do, mate. We are at the mercy of a Chong and Bionic….two cartoon heroes battling evil and deception in their perilous quest to uncover the missing million. An idea for a new MYSQ game perhaps?!

WWW,

Not a lot, mate. The SOU BOD only do hype and when it comes to proper, grown-up strategizing and decision-making, they remain clueless. He should have listened to my advice of selling the company on seismics alone. I foresaw this whole debacle happening months ago. I explained how it was all simply too much of a risk and a risk that IMO wasn't worth taking. Ironically, I believe if we had sold on seismics alone, we could have reached a sale price in excess of 1 pound per share. How many of you out there would now jump at that? I'd say, all of you including myself. Now we know that seismics aren't up to much after having been assured that they would add value to what we have and hence why another one of my recommendations was to hand over the assets to one of the "big boys" who IMO could make a much better go at it and certainly deploying 3D seismic in some areas to further enhance the knowledge of the drill sites. I don't understand why 3D seismic wasn't run over the chosen sites despite BM saying that it wouldn't help. I tell you what doesn't help......and that is poking your rusty drill bit in the ground without having much of a clue as to what lies beneath.

The SOU has been found out in more ways that one. It's all been hit and hope, finger in the air stuff and keeping we PI's interested by hype and promising us huge TCF numbers for which I am still scratching my head as to how they came up with those numbers.

In the DD video, BM says that a year from now, meaning now....he was hoping to stand in front of us with "6 TCF under his belt". Well I'm sorry to be the bearer of bad news mate but we are still here with around half a TCF one year on from that event. What a poor show and a complete an utter waste of time and money.

Brian is still "The King of Dusters" until he finds us a decent well. SOU have had 3 dusters in a row and there is no more appetite for any more dust. It's getting in my throat, my eyes and my ears. I'm still baffled as to why they are forging ahead with Te-10 in the knowledge that it is highly likely to fail. In fact, BM has downgraded the chance of success to 25% from 30%, so that alone doesn't fill my boots with any pleasure......just more dust.
Unitl the drill bit does the talking, we just don't know what will happen and nor do the SOU BOD due to the porosity. It's only when the drill bit is in the ground will we discover what the porosity issues are if any. What I'd like to know is what measures are / will be put in place to mobilise the rig ASAP to its Te-11 location and where will Te-11 be drilled and what will it hope to achieve / discover / prove-up. I don't think the BOD fully know the answers to these questions yet, which is a bit of a concern.

Too much effort has been placed on being successful but not enough time has been set aside for what if we fail. Nobody on this bb fully understands or knows what a Plan B is or looks like and what additional money and time that will incur. Perhaps hard questions should have been directed earlier on towards JP about what our contingency plan is and what steps would be in place should we encounter a duster. It seems many have and are still blinded by JP's hype and certainly greed has had a major part to play with people's investment decisions.

I spent the weekend sifting through the various videos of JP and BM in action e.g. at The Gherkin and the Deep Dive and based on what we now know and the unfortunate results we have had, the messages come across as pure, unfiltered hype. It made for embarrassing viewing if I'm being totally honest.

Investors like PNE79 are still throwing good money at this share at a time when it is clearly down trending. Until the Te-10 results come in, I would exercise serious caution because it's highly plausible to estimate that should 10 fail, the share price will fall to a single digit price, if not before the results actually come in. 9p-11p still looks feasible if you want my opinion. despite the Te-5 Horst alone being worth a lot more than this. Poor sentiment combined with poor results will be the cause of this.

If BM is the "King of Dusters" is JP the "King of Divorces"? I'm certain that many relationships will fail should we continue on our current trajectory. Maybe JP should look at hiring a Marriage Guidance Manager to nurse PI's through what I believe will be a very turbulent next 3-4 months.

That's all we can really do, Magoo. That is to try and remain positive despite fearing the worst here. It would be an amazing come back story though should we be rescued from this quick mud and strive forward into 2019 and beyond developing into the company we know this can be with careful guidance, transparency, honesty and generating a profit.

We certainly have the playground to make it happen in MY. One of the fastest emerging economies with first mover advantage. I'd love to see a closer tie-in with our friends, Tencent. With their backing I believe we can make a good run of I.

I have to say I am very much missing our BOOMS and hope one day we can reignite the rocket ship and blast off en route to the moon again. GLA. Keep the faith!

St Mary was last seen walking her dog circa 1.25 years ago. Glad she has returned with hound intact.

PNE - taking the missus to McDonalds drive-thru won't impress her, mate.

I'm in agreeance with Eric. There will be plenty more opportunities to top-up, average down or buy-in again at a lower price. I predict 9p-11p is on the cards in the foreseeable future, which I have already mentioned in a couple of recent posts. This share is currently down trending and I don't think it will pause for anything other than a GSA, which as we know has been delayed. Director buys won't encourage many either. JP probably realises this and it's tin hat time for everybody at the moment. I'm glad we have two days off before the fun recommences on Monday. Have an enjoyable weekend everybody and remember....it's only money. Don't let it get you down.

Beautiful share price movement towards the end of the day. Next week should be interesting. Looking to head towards 1p+ again all being well. We're way undervalued at this current level based on what we have achieved and the value of our assets. The last few trading days has been a jostling of positions IMO. Traders have made their quick buck, people have derisked, some have sold out altogether and others were impaled on the spike. 2.5p-3p still very much on the cards.

Trellis - the Lada would break down before it got anywhere near Beachy Head.

Hahahahaha or not as the case may be.

What also amused me was that Trellis admitted to having his very own "wine merchant". He sounds rather posh, doesn't he?! I look forward to my bottle of Bollinger that is still sitting in its fancy box. Enjoy your jacuzzi. Do they still make matey and miss matey?! Retro' baths 'r' us.

Lyndon,
Well let's hope we our successful then!! I am still laughing at Trellis's last comment to Crudehope though! Absolutely hilarious. I'd love to see the pair of them together.

Muz - I agree. They may well have to look at re-entering old wells, coupled with attempting to find a farm-in partner for Sidi to share the burden of the drill costs over there. I don't think investors would mind if it turns out we have to go down this route, so long as we potentially increase our chances at finding gas....and even oil too. I know that JP and the rest of the BOD are looking into all options should 10 and 11 turn out to be dusters.

It's come down to a simple 50-50 scenario. All we can do is sit it out and await our fate. It's like being on the Green Mile, this wait.

Well put it this way, we have a bit of time from now until Te-11 to try and pinpoint a sweet spot. We'll also have the results from Te-10 chucked in for good measure too. Te-10 is on the face of it looking like another potential duster before the drill bit even enters the ground and that's not me being negative or cynical. The COS has as you know, been downgraded to 25%, which doesn't fill me with confidence.

Has anybody found Luca's baby yet? That baby is so overdue that it's wearing diapers in the womb. The gestation period is akin to that of a blue whale.

Crude,
I'm staying put until the LE whatever and whenever that may be. As I said earlier, my main fear is for poor Trellis and his depleting stock of booze. I realise you also have a good knowledge when it comes to quality wines, so I'm sure that in the interim you could lend Trellis a bottle or several. I'd rather lose all of my money than see him go thirsty!

Crude,

Point taken, but let's see how you are feeling after the results from Te-10 and 11 come in.

I am now leaning on the real possibility that a year from now we'll be faffing around over at Sidi. As I always say, happy to be corrected should my prediction not turn out to be true.

Excellent posts, guys. Ginger and Exploration.

Good afternoon, Eric speaking....how may I help? Was that the voice on the other side of the phone?!?

Sliotar - yes of course I will serve you oh Lemming Master.