Member Info for Johnny1949

Being set up for a t/o well north of 12p probably going to sell off Mozambique business first, that’s my take and I think it is being held low to allow others to buy in cheap !

I mentioned fracking as the so called swampies and other like minded seem to enjoy attaching mythical (as per science ) complications of fracking to conventional drilling ,I’m just saying that even fracking does not have the complications associated that scare mongers like to try and attach to conventional drilling .

Sorry my mistake it is over £4 mil as of June 2018 report ,also as an aside the process of fracking was comprehensively looked at by a year long Judicial Investigation set up by the Northern Territories Government in Australia and was permitted with regulation following the results, although Surrey can’t be compared with NT in Oz wrt population density .

Look and read the half yearly report paragraph 2

Paragraph 2 “the board have sufficient capital for the next 12 months from March 2018 “issued in report issued in June 2018

The company had £3.3 as of March 2018 can’t see why they would need a placing as they had on in February for £2mil included above

I feel that the longer we wait the greater chance of the drill being successful as future policy direction and drills may well have to be replanned ,if SL is a duster then we should know ASAP as WH is next and BlockXX .....I think we will get an RNS next week Wednesday 7am ,however I am feeling a little pessimistic as surely there should have been a leak of positive news somewhere ....

I wonder have they just got shorts or are they being paid by a bigger investor ...imo

Certainly it makes an offer of 4-5p not unrealistic !

Needed the acquisition to run the pipeline ! Could add 2p or so to the offer !

Apparently bought for equivalent of £105 mil ! I couldn’t believe it till I saw it on the Free Library . com

August 2016 Trameda is said to have been worth 135 mil , bought for shares !

AST apparently bought this company for a share consideration so that they AST could run the gas pipeline , this needs some investigation as it could apparently add considerable worth !

In my opinion he lost it some time ago I used to listen to his podcasts but he just protects his own investments ...like the rest of us you might say ...but he certainly seems embittered about AST and I for one don’t believe that his advice is worth following ...

In reality the whole situation is complex there are commercial and strategic forces to be considered .But the costs of reopening the old wells and fixing pg10 and pg11 would be done cheaper by a large gas major also cost of plant has to be factored in .Permits required for wells IPPC ? Depends on buyer maybe . Huge Asset 0.5 TCF at least 20 lifespan oil also ? 2 Bil shares ....its a guess but with multiple companies bidding there must be interest ... also could buy shares ..first maybe before bid could buy a large chunk and cut costs .. so it’s complex not ramping but any amount per share is possible ch and cc enthusiastic so 3-4p is my guess and any of yours is as good as mine !

Accurate gaffy that’s why with multiple bidders the price per share has to be around 4p

This has a proved asset of 200 mil+ 40 mil to come back pumping gas ,has both commercial and strategic value the bod is on record this is at auction FACTS

Sentiment is turning in the wind of a T/O nobody needs to hold on if they don’t want to but this stock is seriously undervalued ....and time will prove that ..this is not a CTAG there is an asset of 200mil+ Euro + 40 mil to sell at a substantial discount T/O coming up (from bod) natural gas prices going up ,pumping gas ,captive customers ,how many AIM companies have that scenario ?

We are funded for 6 drills yes we are waiting for an RNS if anyone is leveraged to be in this share they shouldn’t be ,I have had stock here for 8 years and I have already made a tidy profit last year and I KNOW there is no better funded AIM oiley to give me a profit again this year or in 2019 sometimes BALLS are required in AIM especially with drills and Trump in the White House ...hold for gold here ..stock now is cheap as chips ....

Plenty of buys this morning in anticipation maybe ,hopefully news soon ...can’t wait have had these shares since 2010 ...great value at and around 8pm...