Member Info for Klein57

It’ll be Harry cornering off all the markets in a despairing bid to get back in.

MattyBoy,

Similar story but I think the dog is about to transform into a phoenix 🤞

Oiltdr,

I’m loving your understated optimism. Just like a Ukrainian drone pilot waiting for the roof to be retracted.

You've summed it up nicely Surfit.

I wish you well with your investments and look forward to another agreeable discussion soon.

Surfit,

I know the A3 drill will be on record. I also know that I have an opinion which I think holds at least a shred of truth. This is a messy business and we were screwed over, in my opinion.

There will be no announcements at the AGM. The way announcements are made are by RNS. Ain't no rabbits coming from hats when anyone is standing at the lectern. An RNS may come the morning of the AGM, but price sensitive info has to come into the public domain via an RNS.

Yes Fernan,

What failed was the direction ENOG gave to the guy pointing the drill. A disappointingly quick 'in/out' with bland statements from ENOG that left us all guessing.

You're never going to get AP to explain that drill because CHAR were never in control of it, nor in control of the post drill statements. I think we need to put the ENOG debacle behind us and allow the directors and any partner to decide on what to do next with Anchois - hopefully flow test the Anchois 'discovery' from January '22 that N&S subsequently upgraded.

Come to the AGM. It would be good to meet you and you put your questions to the board.

Fernan,

A3 was a smoke and mirrors trick by ENOG imho.

They did the drill, not us. We had nobody on that rig. Before it was drilled they could see the sale of major assets was turning sour and they were committed to a significant shareholder dividend. In the end, they could not afford to find gas and all of the contractual obligations that came with it. They decided on an 'exit stage left' plan after a perfunctory dab, and guess what, they didn't find commercial quantities.'

AP and the team were seething but left high and dry. I know some attribute the failure to DW, but that's not where the blame lies, in my opinion.

Good riddance and now we're some way down the track to recovering all of the Moroccan assets.

Hi Fernan,

Subsidiary funding means a partner gets a share of the spoils for their investment. It doesn't necessarily mean dilution but it does mean surrendering a share of the spoils for nil or little outlay. Crack on with your plans. I hope you have something valuable that others want to buy a slice of.

Namibia - AP only asserted the guaranteed 10% back in rights. We'll get that for both blocks, but we've bid for significantly more - news due shortly.

I think he deliberately missed out Loukos onshore as that's the deal that's closest to being finalised.

Hydrogen - I think that will be wrapped up into the renewables newco. It's some way off having value imho.

Lots to look forward to.

I hope that helps settle the concerns many had about not getting any updates.

The details, of course, will be in the ongoing negotiations, which we will not get a blow by blow account of. Patience required from here, I think, but I'm very upbeat with the way things are going.

Just offered 5.71 to sell on HL.

Gardie,

As long as you were a holder on the cutoff date, 27th or 28th May, you'll get offered 1:23 shares. The investment platforms may not yet have received the corporate action details from Chariot, I know I haven't seen anything from HL yet. You will have until around the 10th June to state your preference.

A definitive timetable is on the 'placing' RNS.

Surfit,

Your concern for Harry's mental health is touching.

You've no need to worry, he isn't a holder. Read his history and you'll see that he sold out at a loss. In fairness to him, he doesn't pretend to be a holder. His motive appears to be to snipe and troll and cause ill feeling amongst holders.

Best not to feed such posters imho.

Josh,

Apologies, my mistake, should have checked.

Anchois drill was late '21 and results announced January '22.

Time flies a bit too quickly at my age.

Josh,

The first entry into Anchois was late '22 from memory. Results mid January '23. At that time, we did not have the Loukos licence area to play with. The later A3 drill by ENOG was their call.

When we did drill Loukos, we announced a discovery and put a Christmas tree on it but couldn't afford to flow test it. I expect the negotiations will soon announce progress on that and we can get it generating cash - hopefully.

Jimmy, thank you for your opinion.

Good times coming. Good luck to all genuine holders.

Jimmy,

good to hear from you. A couple of questions:-

Do you think the split/sale of renewables will generate cash that will stabilise the pressure on revenue flow for the foreseeable future ?

Your reference to Morocco gas suggests a short term revenue stream is possible. Is that 2-4 years in your opinion ?

Re Namibia, tha announcement of licence awards is imminent. If we get what we've asked for, what do you think that news will do to the sp ?

You say Namibia is the 'big prize'. Do you infer that prize being a commercial discovery with a strong multinational partner ?

Thanks for all of your insight and opinion. Very much appreciated.

Unwin - serious mis-step that shows you in a very bad light imo.

Jimmy is an industry expert who shares his knowledge generously and politely. Some try to drag him to their gutter, but he's way above that. I understand it if you don't like his message but that's no reason to call for his expulsion. He's enlightened many more than he's ever offended on here. Without him this and PRD boards would be worse places.

Have a look through his history and take a leaf or two from his book. It may make you a better person.

Ajay,

I am currently 61% down, having bought more recently to improve the average. Happy to hold my 100k ish shares until this plays out. No point in being in a rush when they've been in the bottom drawer for so long.

Having been here more years and downturns than I care to remember, this positive activity is more than welcome. It's a long way until break even but I'm actually hopeful.

Well said Nelson

Our H doesn't hold any shares any more - sold out at a loss - but spends an unhealthy amount of time trying to soil the chips of those who do. He's chuckle value only.