Member Info for Kullybahia

If Ed and co are doing all the work in Spain, it means things are progressing well. The other company involved seem happy to leave everything to Pxog. Who are the other company,( I can't be bothered to find out). If there's gas in this ground, then ED will discover where, and how much. A mid tier asset, and a possible £75m company mcap in 3 years time. Selva is £2m revenue to us, East and Southern Selva is much larger. Another 6-7m if successful in just 2 wells. Then Romania so cheap to drill and production permit within a year, with multiple targets on licence. Add 2 appraisal well programme @ Tesorillo ,and possibly £5m per well if successful .Could have up to £16-20m revenue by 2021, if all goes to plan. Just what the plan is, depends on ED and co.

The sp is simply WHOLESALE. Buying now while available.

£2M in revenue from Selva when it happens, would completely transform the companies leverage power. Yet East and Southern Selva have a much larger resource?

UOG's October presentation, they quote that Selva is worth £2.5m per year(20% stake). So to Pxog @ 17% about £2m per year. Hopefully the production permit will eventually be awarded, in typical AIM late late fashion.

After watching recent presentation by the CEO, talking thru the Dalafin assets and Cameroon assets. It's pretty clear that if Dalafin assay results warrant further drilling? Then IAMGOLD will take up the 70% of the asset for $8m.All is about the current drilling programme ,if 2-3g per tonne. Then further drilling, and eventually an offer to buy out orr's %. A small matter of waiting for the inevitable, obviously no guarantees, this is AIM. The Cameroon assets are new, and we have 1st mover advantage. Potential is there and a drilling programme is needed for find out if there is economic mineralisation?

Sub £3m mcap, and no value added to current gas discoveries, one already in production, the other waiting for permits.Guess it's all about Tesorillo, if MT survey is good, then raise ££ and drill? 49ft of potential gas in 1st drill zone, with another 498ft in potential lower zones. If there is 1/3 of this in net pay gas, then easily £50M mcap, regardless of how many shares in issue. That's a 17 bagger from current sp?

Sometimes there is a disconnect between a share and the market. This is one of those things that is out of everyone's control. When drill results are announced, so will the herd suddenly turn up. Expecting good grades of Gold 2-3g per tonne minimum, and further drilling to extend the resource. All paid for by IAMGOLD, so no need to touch the £2m balance sheet, soon to be £2.5m with vat refund.

If 500k vat refund, and £2m cash and £2.7m mcap, then priced basically @ cash only. Market not recognising value of Dalafin asset, disconnect between the assets and the market. Maybe missed by some, but IAMGOLD drilling to see what is deeper in the ground. If decent grades, then more ££ will be spent proving up the resource.

Judging by the flurry of buys and sells, is the Overhang cleared, as most of placing shares are in sticky hands?

Ggp have 6 exploration licenses in Australia, with Newmont interested in one or more. But have told them to prove up the resource. Orr have IAMGOLD interested in Dalafin, willing to fund further drills to deeper mineralisation. IAMGOLD have a resource adjacent to ours, only 12km away, and are looking to increase the resource. Dalafin fits the profile, and need to drill deeper to find a thick, long zone of economic mineralisation . Then there's the mcap of the two companies, Orr valued @ £3m, Ggp @ £35m.

Ast sp drifts lower. Was possible takeover target @ 6-7p two years ago. CEO talks the talk, but delivered very little two years on. We have two proven gas projects, one in production, the other awaiting permits.Third project with 830BCF of gas in Tesorillo. If projects delivered after obvious bureaucracy delays, minimum £30m mcap after successful Tesorillo drill.

Been an agenda about this stock? Even on down days and up days, someone or group trying to keep the sp down, to load up. Knowing that Tesorillo is a monster asset in the making? Would love to hear Grancesti is getting a workover with loan notes to fund. Then 2 gas drills into production, and Tesorillo next. £4m mcap is ridiculous, compared to the 2 gas assets. Come on ED, get Grancesti worked and producing ?

Amazing how after announcement of funding for Selva, the general consensus is that the company is slowly transforming into a decent AIM listing. Some Beaufort stock sold off cheaply may have tanked the sp? Now for Grancesti work over would be great, with same funding as Selva , as revenue would come roughly 10 months later, like Bainet 1?Hope ED is listening?

Sent ED an email just before Momentous, to ask how future funding, and is there to be an asset sale to further develop another asset. He explained how different funding options were available, now that they had revenue coming in.Told him Italy was mired in delays, he replied Italy isn't mired in delays, and is progressing very well. Now funding for Italy is in, just permit approvals needed. Grancesti needs a work over, could be next . Tesorillo is the asset that needs to be trued up.If geology of Tesorillo is excellent, then we drill late 2019?

This funding is for Italy, anyone want to second guess how further wells on Romania will be funded. Grancesti is a proven play, and is part of the licence agreement?

Either a large discounted placing some time next year ? Or an asset sale to fund Tesorillo, once they have delineated the asset? After all, we are an investment company, with some revenue from Bainet 1. Sell an asset to develop an asset. Pretty reasonable to suggest Uog and Po Valley, would buy out our 17% of Selva for X amount. This is a logical step, considering the company may have eyes on other assets. We did spend €1.1 m on our costs of Selva, so a decent price is not out of the question. If Ed is to please shareholders and the market, he needs to show he can make deals. There will always be other assets to invest into and develop. If Tesorillo is the monster we have been told, let's do it next year. Then we can all make £, and shout ED's name. But right now we are between a rock and a very unbelieving market. Would love to hear a deal struck to sell Selva, then drill Grancesti, and prove up Tesorillo before Xmas.

Peeps starting to load up, absolutely wholesale prices. Current situation is the company is hitting the business plan. Haris Chaudry share sale is irrelevant, regarding the news to come.

Most AIM companies have no revenue for years. Apart from the loss in Poland, Pxog have revenue of approx €6-700,000 from Bainet 1. Selva is commercial and exceeded flow expectations, just a matter of waiting for field permit approval, etc etc. Then a raise to pay for share of connection and gas plant. Grancesti is in Suceva, and needs a work over as is proven gas play. It will also need to be paid for, and then wait for permit approval (approximately 10 months like Bainet 1). Tesorillo is the game changer, and obviously company maker. 50% of 800BCF is a very large number, and if appraisal drill is successful? Then Pxog will have a mcap of upwards of £75m, and will attract Institutional Investors. But right now, the company needs to prove the geology of Tesorillo up ,then raise and drill. The BOD haven't regularly updated the market, or done a deal to become an Operator. Hence the slow demise of the sp, ED needs to understand how AIM works. £4m mcap is ridiculously cheap, and an insult to all LTH'S, the mcap should be about £10m.

Surely if geo etc proves Tesorillo up, the company's mcap will also go up? Then drilling into a possible proven gas resource, and 1/2 of 800BCF is enough to attract Institutional Investors?

Did anyone actually go to Momentous last Saturday, and talk to ED??