Member Info for jim89

Something will give here as soon as we get some decent volume. This will stem from some decent PR and hopefully the next flow of news.

Buys to sells today was 2:1 but again, not a great volume. I keep saying it but patience over the next couple of years here and we should multibag, getting in at these prices, accumulating and sitting on your hands will be the key.

Thanks for clarifying Protect.Scot/Londoner7...

"$200m is still owed on a recent acquisition. I didn't understand why this balance hadn't been paid from the placing funds when the same funds have been used for drilling W2 and S5. The distinction is lost on me but commentary in the next report might clarify."

£200m??? Is this amount to be fully paid by Mosman???

Delta Fox, you've just asked the question that many here are also wondering, it's staggering that this share is this low.

These are the types of questions we, as shareholders, on this board and elsewhere need to be discussing and debating.

The risk of penny stocks, work it out

Madness isn't it. It all comes down to PR I feel and making investors aware of what they have. I'm comfortable with my holding here and I'm invested as they have no debt, are producing and have a good portfolio moving forward. As soon as people switch on to Mosman then it should rise quickly. All in my opinion.

"Acquiring more shares and patience a brave outlook"

This probably one of the most hilarious comments I have ever seen on a bb, classic. Please explain how else you invest in a company...

Absolutely agree with you and the key here is patience. As you say this would not look out of place sitting at 1.5p and primed ready to rise on the news to come.

Take 88e as an example and where they are, they keep drilling each winter but have not confirmed a drop of oil yet. I was there for 5 years from 0.035p and watched it go all the way to over 4p just on sentiment alone, they never found anything they could prove up fully or get out of the ground. The mcap is £220M....

Price here is an absolute bargain, timing is key.

This will start to move over the next few weeks in my opinion.

"Mosman considers this area may be a potential sweetspot with all the ingredients for hydrocarbons, helium and hydrogen exploration targets are present".

What is our Mcap again? The reward here could huge, forget a 10 bagger, this could be the next 50-100 bagger

I think a lot of people here will be sensibly waiting on the sidelines for the majors to drill first.

Think you may have the wrong board

Having said that I do see your point. They will probably only request an extension to the lease mid next year (they applied for an extension previously and were granted it in the announcement on 10th August 2021, cutting it fine). Therefore, I completely agree, no farm out partner will take the risk until this extension is granted for September 2023, this may only happen in August 2022. They may try and bring it forward but we would only be guessing.

I don't think it's irrelevant...

They will apply for an extension to September 2023. This gives plenty of time to acquire the 3D seismic via a farm-out, does it not? Please correct me if I'm wrong

Taken from RNS on 10th August:

Under the terms of the Petroleum Agreement for PEL0094 signed in September 2018, the 4 year Initial Exploration Period ("IEP") was split into 2 sub-periods of 2 years each, with the first sub-period ending in September 2020, subsequently extended to September 2021 with a reduced work programme (see Global's announcement of 29 July 2020).

Global further expects to apply for a 1 year extension to the 4 year IEP at the appropriate time - such extensions are commonly granted by the Ministry, for example in the case of the Company's previous Licence PEL0029.

The work commitment for the upcoming phase of the licence is to acquire and process 2,000 square kilometres of 3D seismic data, a commitment which Global expects to fulfil via a farm-out. This new 3D seismic data would increase the chance of success of the Marula prospect and confirm the prospective resources in the eastern part of the licence, which were announced on 26 January 2021.

Interesting post. Is there an option to increase the lease duration?

Ibyb, great response and always nice to have points raised from both sides of the scale, that is what these boards are for after all. Too often we see squabbling, ramping and deramping posts for people's own gain. I'm also here to learn and pick up snippets of info that I didn't already know.

It just strikes me as odd that the company have not mentioned previously they were to obtain the services of a company to help complete the farm out process (maybe they have and I've missed it). I would have thought it would always have been their plan to bring PEV Consulting (or another) onboard, unless of course they have thought we maybe need to kill a little bit of time here? It's only a thought and can work both ways for sure. On one hand it is good they have the professionals now in to help them but it adds time and we all know the markets are not patient when it comes to penny stocks.

I'm really interested to see how the next couple of weeks play out here. I honestly hope that this is the bottom, I just have my doubts that is all as usually such news as this is received negatively by the market. Now weather today was a false drop or not, its a drop, it may pick up tomorrow and it was all MM games, we shall just have to see, but if not then why did it drop? There is no other real negative points to the RNS other than... delay of farm out? I have been involved in a few junior oil and gas shares in the past and what one may think is a positive RNS, others do think differently but ultimately the market makes that call.

Again, huge potential here just a lot of risk. If Total and Shell's drills go badly then where does that leave GBP? The RNS seems to have added another step into this play with additional risk to boot.

All the very best and GLA

I've been watching this share for a while now as it seems to have potential. However, the RNS is actually not the best if you take off the rose tinted glasses. It all points to delay by the company. Some may say the company are 'lining up their ducks' but others will see this as more killing of time to keep current shareholders and potential investors hanging. Serious investors or farm out companies are not willing to risk anything until results elsewhere are known, that is the long and short of it. How long will this be we wonder? The RNS states that drills by total and shell were due to be undertaken in Q4, however, there are still no guarantees of this as there are still no firms dates. Slightly odd as I believe that firm dates would be known by now if drills by majors were to take place before the year end. This is something GBP would certainly know if any dates were scheduled as they will be keeping a very close eye on these too and will want to update investors to firm things up.

I have a feeling that this could drift down further into the new year unless we hear news of these drills commencing this year, as it stands there are too many unknowns here. We will then have to wait for results from these drills which again takes time. Once these are known, investors and farmees will either jump in or run for the hills. Risky business as always with junior oil and gas companies and as the drop today has shown, too much risk for some.

Just my view, I wish everyone here the very best

I wouldn't mind knowing this also. In the last couple of RNS's the company do not give us any idea of time lines at all for flow rates

I noticed that Afzal Valli has very sadly become unwell and has posted to his followers on twitter stating that he is taking a break from trading and will be changing his portfolio as a result. Firstly, I wish him the very best as health and family always comes first. As a result of this sad news, afzal could be potentially selling up and be one of the main reasons we are seeing the share price stagnate and continuous selling taking place. Only a thought.

I'm sure that we all wish Afzal the very best for the future as he seems like a very genuine bloke and very well liked.

I have never known a share with such great fundamentals and positive news flow not to move up. Usually you expect to see 'FOMO' kicking in when awaiting such news as flow rates.

Slightly disappointed by the way in which the company write their RNS's as they could put a much more positive spin on things to attract more attention from the market. The tweet on the helium yesterday could have been added into news and issued to the market. We seem to never get a 'the company is pleased to announce' or any really positive wording like I have seen elsewhere which really helps to move the price up and spike interest.

I'm absolutely certain that this will come good, with such a small mcap and the potential on all fronts, I just believe it could be given a bit more fuel and excitement from the company which is a little frustrating for shareholders.

GLA