Member Info for Klein57

Harry,

My sources tell me that for all intents and purposes you should withdraw from this boondongle, whatever that is.

Surfit,

Putting all of your assumptions aside, the truth is we still don’t know what’s happening with Anchois because we haven’t been told.

The mist will clear - eventually.

Good luck all.

Hi Gooner.

I’ve been to the last four and that’s not quite my experience. As you say, we do generally leave none the wiser as all news is shared as required via the RNS announcements. The board members are happy to talk around presentations but do not tell us much we didn’t already know. All seem to accept that.

Where I disagree is your view that people go in angry and frustrated. That’s not the tone of the Q&A or the informal discussions afterwards, in my experience. Explanations are given for decisions made and why things didn’t work out as planned or anticipated. I’m yet to hear anyone express anger to any board members - tamed frustration, yes, but not anger. The tone form the board has usually been upbeat. Last year was a noticeable departure and we found out why the very next day. Their hands were tied by ENOG being the operator and the ones who put out the RNS. The board obviously knew what was coming but were not allowed to tell the AGM.

Let’s see how it does three weeks on Friday. If you’re there, please come and say ‘hello.’

As was suggested a couple of days ago, has someone seen the Spectrum results ? Significant rise which I hope signposts big news and more of the same next week.

Good luck all, particularly the ten plus year holders 🤞

Harry,

I think this is as close as we’re ever going to get to agreeing with each other. A licence award would probably see Chariot offload a significant part in return for a very valuable consideration. No way would they develop it if majors are breathing down their neck to get a part of the action that close to huge discoveries. Have you looked at the maps ?

Time to get back in Harry 👍

Surfit, you’re really on one today.

Have you discounted the possibility that the imminent Namibian licence awards will be positive for Chariot ?

And what about the plans for Etana and renewables - any positivity there ?

And the negotiations to recover the gas debacle in Morocco, onshore and off - they’re likely to turn to raspberry juice too ?

Somebody is working hard to try to recover the SP, or do you think the board are just swanning around, waiting for the world to come to them ? And should they all do it out of the goodness of their heart, or should the company abide by their remuneration contracts ?

A touch of objectivity may help. Hope your day soon looks up.

I do understand all the frustration with the BoD but with so much news due, opinions such as those held by BDC may turn out to be a tad premature.

The next couple of weeks or so will tell who is right.

Harry, that’s right, no cash for Chariot.

Remember you saying ONHYM would not allow Chariot to have the license back ?

Wrong again. Be prepared for more of your own word munching when the licence awards are made by Namibia.

How do you fill the rest of your day ?

Oh Harry, you’re making all of these leaps without a parachute. Your landing will be hard.

We haven’t lost anything because we still hold our shares. You have because you sold yours at a loss after listening to the deranged rantings of others on some shambolic vox pop.

Namibian Oil & Gas Conference 12-15 August. Licence news before them I expect.

Go get yerself a ‘chute H.

Lovely to see Harry misfiring on all cylinders again. I was beginning to think he’d fallen off his perch.

Excellent corrections ObsCure. Our keyboard warrior friend would rather use a scattergun than listen to a webcast or do any research. Why should he bother, he’s not a holder.

The board legitimately earn their salaries and extras through an agreed remuneration contract. Harry illegitimately gripes about the arrangement as a non shareholder, but he does have a right to give his worthless point of view.

Keep it up Harry.

Not long to wait …..

‘Final processed data and interpretations are expected within 30 days of survey completion.’

Morning H,

Always good to hear from you. It reminds me that people like you, who are not invested, want to make sure the rest of us don’t have the opportunity to poke you in the eye with a sharp stick - metaphorically, of course.

The stick I’ll poke you with in due course on this group will be a tricorn - one spike for Morocco o&g, one for Namibia and one for renewables. Hope you don’t head for the hills when that news comes.

I bet you wear a sandwich board in shopping precincts, desperately trying to save more souls from themselves. Enjoy your Sunday.

Ajay,

For years it felt like we were alone in a wilderness with little to sustain us. However, the underlying potential value of the asset kept us afloat.

Interesting to see who the influential stakeholders are in here. I did t know about the link to Tesla and, not so many years ago, some on here were wondering g why Elon didn’t just buy the whole shabang !

Thanks for your in depth analysis. It’s hugely reassuring but I made all of my investment decisions on URU fifteen plus years ago on pretty much a wing and a prayer. I’m feeling much happier these days, and your work is contributing to that.

Thank you - and GLA, especially long term sufferers.

Harris,

A raise for what purpose ? It seems the current drill programme is covered, as are any costs for licensing because the application has been in a while.

I don’t see why we’d go for dilution at any price when we’ve recently gone through a consolidation. Unless, of course, I’m missing something ?

I’m no geologist or mineral expert but these results could not have been much better could they ?

We will not be able to sit on Zeb for much longer before somebody makes a serious move to acquire it. Obviously the licence has to come first, but that can’t be too far away I hope.

Unbelievable that after all these years in the bottom drawer and with my holding being the butt of a family joke, URU may just give me the last laugh.

Just dipped in again, another 100k this morning. This is looking too good to ignore right now.

Goonerpete,

You’re right about our ability to move quickly when news hits and sentiment changes. I’m pretty sure that you’ll break even, possibly before year end but early next year. Despite what many choose to believe, there is substantial value in this company and, whether we like it or not, we’re relying on this board to do it for us.

Pleased to hear you’re sticking around. I’m sure it will be worth it.

Goonerpete,

Nobody who applied for licences has heard anything yet re their award. That’s a fact. We’re at least getting 10% of the two blocks and, hopefully, much more.

A dose of reality may help your mood. We’re still waiting, like everyone else.

Harry, is that really you ?

No mention of Anchois being dud, no mention of Namibia being a pipe dream, no mention of renewables merely blowing in the wind ?

You haven’t gone and dipped you’re back in again have you ?

Nicely put Surfit.

I understand your position and agree that failing to flow test after Stena Don was a significant mistake. However, I am optimistic about the presence of commercial quantities of gas because of the CPR completed by industry experts N&S. They actually upgraded the resource.

I hope we find out more in the preso on Friday.