Member Info for LockedIn

Si, I'd imagine INFA are well aware of who they want as well as who will work with who. Having multiple parties at the table helps ensure fair value is achieved for the asset but at this stage in the game I'd expect INFA to know exactly who they want and it's just a case of getting the complexities of the deals completed.

Sentata, with regards to dilution its worth noting funding will be at the project level and not the company level. Sure, INFA will lose a large percentage of the project but this is fully expected - they will maintain a minority stake which will still be worth many multiples of current MCAP as well as secure construction/management contracts etc which will bring additional revenues.

I guess a bull argument would be that GR is attempting to apply pressure on the Minister by cancelling deals which would benefit Zim in terms of employment, capital expenditure etc etc (note thats "bull" as in positive on the stock and not bullsh!t....)

Well done NaPoM, a realistic and reasonably balanced post from you! Good to see you can take your head out of the clouds every once in a while. 10/10.

TradingLad, in the nicest possible way, you don't know what you're talking about. Comparing RBD and BLOE market caps is a worthwhile exercise to see what could happen here when the market finally cottons on to the value S&S are building. Admittedly the 2 companies are very different beasts but it is not unreasonable to expect similar value appreciation here at RBD if we can prove similar flow rates to those seen over at BLOE.

I think the problem with RBD is S&S and their modus operandi is unproven as of today. This will change when cashflow figures are proven and/or liquidity event(s) occur on asset(s). Then it'll be out turn for the 100's% rises

Only 3 weeks of leaving shareholders in the abyss with regards to the KME/HBR transaction then. Terrible comms.

Avoiding crippling dilution, for now, shame PREM had to waste months of time, effort and funds on DD for the deals. HBR was a complete joke from the beginning.

The future of PREM still being dictated by external parties with GR having no control over operations/timelines.

No strengthening of the board now transactions are cancelled, carry on as you were PREM.

No update on Zulu drilling which was meant to be imminent almost 2 months ago.

Continue to wait for finality at RHA, into year 2 of waiting for finality now. No hard deadline set, although this was tried before and ignored so whats the point.

All in all, a normal day in the life of a PREM shareholder

There we go then, Sachin clearing things up in the Vox markets interview. It's frustrating having to listen to follow on interviews to fully understand what is going on - write the RNS releases effectively as I know the 3 reasons why I should invest in RBD word for word now!

VG-4 has been delayed due to permitting issues related to the higher than expected volumes of gas. Looks like a few weeks extra before we see flows similar to the previously announced ~500bopd. Add to this the 2 discovery wells at MS and we should see some serious production coming out of Cali and thats before any extra MS wells.

Will be looking on with interest to see where this settles over the next month or so. Over time I'm sure anything sub 5p will do well but with drilling now pushed to Q3 19 how are MATDs coffers looking? The fully funded 4 well programme was meant to start in Q1 if possible, then Q2 and now Q3. That's got to cost. Previous form suggests they would not be against a raise when least expected.

Slightly disappointed with todays update. Seems to me like operations out in Cali have slowed of late, VG-4 gas still not tied in and the comment on MS looks like testing hasn't started there either.

Would like to see momentum picking up with back to back bullish news. Announcing flows over 1k bopd then choking back to less than half that and following up with a 150-250bopd production flow doesn't exactly get the juices flowing. Hopefully the bullish run can start as of now...VG-4 on full production, MS initial flow rates and WN spud will do for starters.

Mike Buck really starting to annoy me now. Yet another missed deadline after a poor 2018.

At the end of last year he was chirping on about drilling in 19 as soon as the weather permitted i.e. April or earlier. No drilling contractor news and the latest corporate presentation then pointed towards May as the target date, and now we are told no drilling until July!

Yet another couple months of stagnation to look forward to before the race commences to get the 4 drills in before end 19. Previous says that is unlikely.

2 £20k buys above ask and around 25% up for the day?! Squeeeeze

#BrockhamIsComing

Nice to see RBD getting in on the social media comms. I had VG-4 penciled in for completion today based on Sachins previous comments. Looks like it'll be on production next week. WN spud a near-cert for next week as well. I am extremely confident of a handsome return from these levels.

@Oneknows - thanks for the useless post. If one truly knew then you'd know it came from George Roach himself at the last investors webinar hence "the last we heard".

@Smile - I am in no way trying "to create" anything. Simply restating what George Roach himself said at the last Webinar to investors in attendance. Right about the time you appeared on this board in fact...

Fact 'Cheque'!

Just to temper expectations...the last we heard payment was/is to be made in Zimbabwean Bonds, likely in tranches, so don't expect a picture of GR with a lump of spod on his head, a tungsten chain round his neck and a $6mil cheque poking out his shirt pocket. But then again...!

@Napom, w.r.t. timeline is that your opinion or from the company? You are stating the signature will be received by CoB Friday 19th April?

@Smile, stating the news won't come at 7am and will be intra-day is bull. You have no idea when the news will be released and if you look at all of the previous RNS's relating to letters received from the Zim Gov, they have came at 7am on the following day after receiving said letter(s).

Completely disagree.

It's a shootout between 2 equity partners and 3 offtake partners now. INFA will know who they want and an offtake agreement could be struck at any time. This enables the equity partner to come on board which in turn should go some/all of the way to finalizing the debt requirements depending on how negotiations go. This would also speed up FID i.e. before end H1. On top of that news on EPC + OE contracts can be expected prior to FID.

All things considered, now is the time to be in not out.

Tying the gas from VG-4 into the existing pipeline at can't be far away now. Sachin stated in the Vox interview on 26/03/19 that is was a "matter of a few weeks" left until VG-4 will be providing significant cash flow to the company in the very short term. Could be on production as of next week.

Meanwhile flow tests at both Burnett wells should be underway, end of April for news here? And sandwiched in between West Brentwood and Monroe Swell news we should get West Newton spud.

Its only a matter of time before this moves.

Agreed - todays RNS was a bit of a holding RNS to temper expectations. Only 2 and a bit months from now until FID at end H1 so we've got some game-changing announcements between now and then. Its as you were for now...

I also don't see the lights getting turned out completely - GR has been forthcoming with funds in the past and his holdings are too big for this to completely fail. We have, however, been living the slow and painful death-like experience hence the 0.08p SP.

At sub £7m MCAP a $6mil capital injection will have a substantial impact on SP and I can only hope we see another spike like those last seen in '16 and '17. What's that classic saying... "Fool me once shame on you. Fool me twice shame on me. Fool me three times and I deserve to lose the lot on this PoS!"

Interesting thanks for pointing that out. Another piece of newsflow to add to the "imminent" bucket!