Member Info for lsetown

Very interesting thanks - they want to sell more in the future than OPEC allows them I guess. Good news for here.

"Buy and put away for a few years .."

I did that and have lost loads so far..

I assume the "APEX" (Atlas Petroleum Exploration Worldwide Limited) that sold us the Angolan assets and the "APEX " ( APEX Geoscience, Freemantle, Australia) now working on Canegrass are completely different companies?

Reminds me of Shoezone who only employ accountants with foot-related names!

Is this about the convertible loan of up to £9m from Extraction Srl?

45 days from 16th November is New Years Eve!

Thanks SP71,

So great "APEX/CORCEL" are in there!

I wonder how much knowledge Apex has brought to us with our recent deal?

If they spread it out over many weeks then I don't think the 3 million or so shares would make much difference to the price. A similar amount traded on the last Trade Update day.

That's old news:

https://www.lse.co.uk/rns/CRCL/sale-of-mambare-nickelcobalt-interest-bp6kjd1o9t7556s.html

The 2023 Angolan Onshore Licensing Round only just closed last week:

https://www.frontierenergy.network/news/2023-licensing-round-of-oil-concessions-republic-of-angola

Anyone know if Corcel bid on any of these?

It' an opportunity from deranged Mr. Market - at least that's how I see it.

Net debt of £2.5m just at the start of Christmas with most of the stock paid for. Even with the recent negative TU they are supposedly going to make some profit.

For some reason I thought this was going to do a Shoezone and multibag from lows. Sadly it looks like I was very wrong :-(

'repeatedly' is what I meant. But perhaps there's another one coming...

No - I still have a chunk - the averaging down repeatably is what has done me.

"Oh, well I have to say that is bad research on my part as I did not know that :-("

I didn't know either until recently, and when I did it shook me up to be honest. I have lost a real load here :-(

Bah.

"Fee's" ?!

Do my homework?!

lol.

Bishop190: "How many more times do we have to tell people that the directors are not paid but take warrants."

I once though that, but Marfinn is right. Pegasus Petroleum which is owned by JA takes large fees out for 'management services' every year.

£1m is just over 3 million shares - they better start soon at these prices.

I've done most of the same, but I still hold some as we should get a 3% dividend and a very outside chance of a higher bid.

"So much for market forces🙈"

They are in the market and forcing. Great to exploit.

The conversion is only at 0.8 but in the meantime it is a nice 12% interest and I would assume it will always be unless the share price is much higher and it is worth converting.

I still think it is fair though - especially if they can negotiate more acreage.