Member Info for LAvvocato

It's already been highlighted by others that they aren't the same company.

Two of the directors left Harlequin earlier this year and set up Halo.

That's where the similarities end.

Any proof of funds provided would have had to have satisfied the lawyers on both sides, and a company backed by a family office of that size will be lawyered up.

"A company that is not trading/operating according to company records issues a press release stating have 'proof of funds', yes sounds very legitimate!"

From this comment it's clear you don't understand how family offices operate.

If you don't believe this, then sell your shares......

I was referring to Halo, not Penspen.

Yesterday's news was a big step forward. The share price will hopefully keep moving in the right direction as well.

Penspen are a contractor.

They don't invest capital into projects.

Penspen and Halo haven’t put any proof of funds on the table. Penspen are a contractor so that’s not their business.

Halo also don’t have a management team that stand up to scrutiny.

Even a basic search on the U.K. planning portal were they claim to have 650 acres of land going through. “A process” does not stand up to even basic scrutiny..

There is nothing on there which even has a similar name or connectivity.

They also have zero oil and gas experience.

A COO who works for local government and a CEO who looks like an insurance broker.

They look like they are trying to play the game!

Your also trying to compare Halo and Penspen with a company backed by a multi billion dollar family office with three generations of oil and gas experience.

It’s not even comparable.

He said that but Halo haven’t put any proof of funds on the table.

He left Harlequin earlier this year who have put proof of funds on the table and are now initiating a “paid study”……

A paid study is better than an undefined JV…

He said that but Halo haven’t put any proof of funds on the table.

He left Harlequin earlier this year who have put proof of funds on the table and are now initiating a “paid study”……

They’re not the same people…

They were the guys that used to be there.

They left and set up what is now Halo.

In the interim it looks like they tried to pass themselves off as Harlequin.

This is clear from the information on Companies House.

It’s also irrelevant as Harlequin were the original off taker and have now shown proof of funds which is a key component under the terms of the MOU.

The key is the backing of the family office.

They must have satisfied GEX that there are the funds there.

This is the key.

The team at face value have a track record of delivery which is and will be key.

Georgina also put it on their X feed.

Https://7050c9706c.clvaw-cdnwnd.com/baf10b7b0dcf1d9c3cc8f006c7a888d5/200000027-c5920c5922/Harlequin%20Energy%20-%20GEX%20Press%20Release%207-11-2025.pdf?ph=7050c9706c

#GEX Harlequin Energy confirms proof of funds for Hussar & Mt Winter

Backed by a US family office with US$9B AUM

Next: finalising exclusive off-take terms & project milestones

Harlequin to fund processing, transport & export infrastructure

If I'm Harlequin I wouldn't want anyone else negotiating.

You wouldn't allow your offer to be used as a lever to get better terms from others.

Most contracts preclude that for good reason.

If they can't agree acceptable terms then the room will be open again...

Agreed.

I've had a brief look at their website.

Looks like they've got a good team and the right firepower with the backing that they have!

Read the room?

They've just announced exclusivity!

They will also need to get terms finalised with one of the two off-takers.

At the moment they only have non-exclusive MOUs.

Peter Bradley is a lawyer, not an accountant.

OK.

I work in the industry. I've never heard of a well re-entry being that cheap.

There will also need to be a fair amount of work undertaken beforehand to check the integrity of the well etc...

Who is predicting that the well will cost that much?

It maybe worth waiting until the agreement has been finalised.

These points on prepay and cost recovery aren't a given and will be for negotiations.

That’s not the way off take agreements work.

Also it’s not signed yet so how would you know?

I’d stop peddling false information if I were you.

And keep an eye on your name calling on the basis that there seem to be large gaps in your “knowledge”…..