Member Info for jollygoodya

Thank you all for the replies.

Need update on LOM, Main Runo and another mine up and running. That'a my only concern. Feb 22 they said 5yrs and were confident of extending lom. Anyone have an update on this please?

Does anyone really believe, Majid will go if the deal here were to fall?

Judging by what he's tried to pull here, it'll be a bitter wrangle. Shows all the regs and rules are a load of baloney. You've got water co's dumping sewage in plain sight and yet regulators have allowed thm to raise prices on us. Likewise with this nonsemse about green energy when none of the green cars can exist without petrol derivative products in their build and actual vehicles themselves as well as the infrastructure. A different lie for each circumstances like here. One minute we'ee undervalued and have top resources, next minutes it's all naff, lol. The truth will always prevail.

Good point, but also existing holders were staying and some accumulating on the basis of underlying growth and value being touted whilst all along the story was different..

Well, well. See no evil, hear no evil. Another AIM CEO. Rode the commodity cycle, no organinc since the acquisitions, just maintain and serenity JV was a diabolical decision too, were EOG played? Who knows, lol.

The offer is squalid and acceptance of it is worse than squalid.

This bid with I3E, SHG, quite a few other companies, including BoD valuations make a mockery of value investing. When push comes to shove, anything is only worth what someones willing to pay for it, however doesn't absolve BoD from seeking best value for "all Shareholders" that is a primary duty. Sadly on Aim, these duties dont appear to apply imo. I3E illustrates that the AIM market is defunct. Pi's are just fodder for money transfer to the richer and more powerful. We are the last to know about everyrhing and consequently can only react to events after the market has pasted you to the floor or fortuitously ones timing is good. Often Cracks in company operations are papered over. I'm a very disappointed investor, should have stuck to my gut instinct here and gotten out way earlier. Alas "Louis10" was bang on.

I dont want to be lumbered with Grand Terra shares. Have the decency to accept an all cash offer and Grand Terra should have the decency to offer all cash. Not this disgusting low ball offer and then another kick in the nuts via Grand Terra shares.

Looks like the BoD could not handle the assets acquired and explore and were just content with the initial acquistions and rode the energy crisis wave. Now appear to have thrown the towel in on the cheap. So much for being undervalued? or is this a case of a fair assessment of assets (rather than what we were told) I3E have and hence the offer. TBH, i never liked the way prooduction updates were provided and lack of full clarity on new spuds and possible declines on existing. It could be a combination of both. Another aim co..

TS, if i read the last update rightly, it says 2nd half. So expecting better things Q3, Q4. Lets see what Majid comes out with Q3 onwards otheriwse that statement from the last will be make it arkward. Just for once, please let us have a full update, the good the bad and the ugly. Bring on clint :)

Last update:

"sets the Company up for a busy operational period for the second half of the year, during which we will drill a diversified inventory of drilling locations across our Canadian portfolio, designed to grow production and advance development of some key assets. We look forward to updating the market as the year progresses".

Let's hope a proper update on wells drilled and production no new and existing ones is given. Not an overall one that broad brushes, possibly papering any cracks. The SP in part reflects this as well as the commodity prices (gas).

Need a concrete update on planned drills. Results largely expected. However, expect MS to now properly update us on drill results actual flows vs expected and same for costs and expected recoveries for the well duration.

Is not worthless, our bloody government is and so is labour. I think we need to hold out as long as we can on this, not in the least to avoid an impairment charge/ release into the P&l. That will not be good for the sp and nor the distributable reserves. I do believe there will be a consolidation of NS assets. In no way can it be in the best UK plc interests to discard NS.

Well spotted. Cut and paste job?

I think, the foundations are decent, however doubts remain on management ability to unlock value through organic growth. Seem intent on status quo rather than growth.

I'm in. Looks a decent risk trade at these levels. The resource is there. Matter of going through the hurdles. Taking back full ownership was an excellent move. Financing will be critical.

Approaching 28bn shares in issue now!! Same old with Roach..

How much will it costs to unlock these barrels and how many wells and at what breakeven and when do plan to do it? The market will not asceibe value until some form of action, otherwise no point in talking about it. Proof is in the pudding, we need to drill above and beyond what we have, whilst keeping a check on costs. Majid is too conservtive in his apporach perhaps.

We may hit £6 before going xd.

Was waiting for a pull back. Never happened! So bought some more. Still have a longterm core holding. Plus a new batch. Let's see how we progress. Looks like $100 oil isn't far fetched..also read somewhere gas prices headed toward $4.5 plus. Let's see. Off topic, TGA exdivi 17/4/24 41.8p. Waiting for that before cutting loose and adding here.