Member Info for Macminchus

No one has noticed yet, the mcap is so small. It’s going to blow when the 88e lot realise this is exposure to 88e without the risks of the current drill. 88 mcap something like 90 million, rmp was this morning about 4 million but probably closer to 5/6 (need to check it). Not many buys yet and look what’s happening to the share price

They’ve bought into a prospect with 88e, Otto and great bear in Alaska

Otto and 88e are great companies. The thing I like about this one unlike the last rmp venture is the other companies (Otto and 88e) are also putting their hand in their pockets. From memory Otto was on a free carry last time. This time they are putting their money where their mouth is. At this market cap it’s a steal.

No one has noticed, there are hardly any buys and look what’s happened to the share price.

Can not believe bandy has pulled this deal off. Otto have a history of very good management, 88e are proving to be very trust worthy (not over promising anything) and rmp just have to hand over the cash so hopefully bandy can not mess this up that much. Mcap needs to be much higher than where it is today

Is oilriches still in here or has he moved on? Did he not have something like 3 or 5 percent of the company at some point

Me too. Once people realise they’ll start loading up here.

I was in rmp years ago. They don’t have that much cash somthey’ll probably be doing a cr at some point. I’ve just into them again using the logic of i’m Buying more shares in 88e without the risk of the current drill being a duster. Last time I looked they had about 6 million dollars but the mcap was only about 4 million.

I’ve just bought in this morning as no one seems to have noticed here. I trust david wall at 88e this is a way of getting more exposure to 88e with a small mcap and none of the risk of the current drill being a duster. Just concerned about placing moving forward. Either way essentially i’m buying exposure into 88e.

I’ve recently invested in this company. With all of the up and coming disney films I can see this year being a bit of a bumper year for them. You could not think of a better time to take over the American market when there is so much going on in the film world. I can see month after month headlines of x film has broken box office records. Black panther just did it, avengers infinity war about to come, Mary poppins, Christopher rabbit, Disney is just going mad with releasing films.

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Hi guys, just checked in to see if there was anything I had missed. Thought you were all going to vote to get bandy out. When is the next Amg to get him out. I'd still re invest but I have no faith at all in bandy. Once they buy into another project yes it will increase but 5 million is nothing now. Can you force the company to liquidate and ask for the cash to be distributed to shareholders? At least bandy won't get any more of your cash.

Well in about a years time when he is up for is job again then a deal may be on the cards which he just misses out on.

Although we all know oil riches is heavily invested in the share he played the last drill fantastically well, just wished I had copied him at the time. If I have followed his lead my mortgage would have been paid off and pension would be very well funded. Either way I agree I can not see anything happening for a while, it does not stop me looking in so I can get in on the actions If they buy a new project.

Someone may know something or oilrichies may be buying more. If anyone can give me a reason to re invest I would but I am struggling to see why at the minute

So essentially it is going to be another year of salaries being taken out of the cash pile to have another opportunity to get bandy out and hopefully this time your investors will vote. Fingers crossed the company will do something.

Not wanting to sound stupid but why did they think there was another asset on the way? Bandy saying in an e mail (not an rns) The person who you wanted out?

still very interested in the share but the main problem I see is bandy does nothing for years....

Unfortunately I lost 35K on the last drill but I have managed to make most of that back up now on other shares. Could not just sit and wait round, still very interested in the share but the main problem I see is bandy has for years does nothing. How long was it between putland and sc55, 3 yrs??? (not checked but it was a number of years before they did anything) I also asked a question on here about activity with sc55 as per the RNS dated 22 Dec 2015 "The consortium intends to undertake further technical studies during the moratorium period, including a Quantitative Interpretation (QI) Study. QI is a relatively recent geophysical technique that is designed to gain a better understanding of existing and potential petroleum reservoirs." Am I correct in thinking this is not being conducted even though they have confirmed in an RNS that some form of activity would be taking place with the licence. If they could de risk the play and oil prices continue to rise then they may be able to farm out to someone but as it stands I honestly think no one will take it on as there are better opportunities out there. Would like to think something is going to happen but as far as I can see bandy has the best job in the world !!! picking up a salary for doing nothing.

I am getting more confused, with Otto pulling out and transferring 35 percent to rmp. I am assuming the other parties who bought in have also been given an increase share of the project. So who is now the operator to conduct the geophysical studies? Or is this yet again just a statement to fill out an rns and nothing is actually happening? In June this year, the DoE formally granted a two-year moratorium, until 23 December 2017, on required work activity under Service Contract 55. During the moratorium period, the JV will conduct specialised geophysical studies in the area surrounding the Hawkeye Prospect, which encountered gas shows when it was drilled last year. Although the Hawkeye well did not encounter gas in commercial quantities, it proved the presence of an active petroleum system in the contract area that hosts the "Cinco Prospect" as well as several other leads.