Member Info for mcfcnige

No idea SJ, they keep mentioning Brazil but don’t give us any clues as yet?

The consortium is spending more money on the recent Angola wells, so they still think it’s worth pursuing?

The company need to let us know there next move ?

Are they going to expand into. Brazil or not?

What kind of assets are they looking at?

Market cap is very low now, so if they do get the Mambare cash it should help the sp and give confidence to the market?

It’s disheartening that EXT and the other party haven’t decided to proceed with the fund raising?

Maybe they got too confident with the flow rate results and just wasn’t expecting that kind of result?

At least the company has some funds to tide them over, while hopefully they look for alternative funding?

Time for the professional finance people on the board to show there skills?

Hi Ed,

Yeah you are right, it was still a very good deal for the price we paid.

Just been unlucky really, hopefully the new work that is currently being planned on the blocks will help solve the issues and production can start next year.

They must feel they have an excellent chance otherwise the consortium would spend more money on the project?

Let’s see what happens

Thanks Nige

Morning Ed,

Great post, thanks for posting the other company examples.

It makes you wonder why they didn’t take the existing production route initially?

Would have been a low risk option and they could have built up funds to buy other assets later?

Let’s see what the next move is, hopefully not too long to find out?

Thanks Nige

Thanks Ed,

Great post as always.

Yeah you are right, we could do with a deal of some kind to get things moving again?

Although not sure what can be done with limited funds available?

AET seem to have got it right, there market cap must be around £ 100 mil now?

I suppose we can dream:-)

Thanks Nige

Morning Ed,

Hope you are well, thanks for explaining the RNS to us, as I found the wording a bit confusing.

Good news that the transaction can now proceed, although I suppose the funds will take a bit of time to come through?

Let’s just hope the balance of the fund raising comes through in the coming days, as that will give some stability to the share price.

Thanks Nige

Afternoon Ed,

Great posts today.

I think it’s good that they are looking to diversify into other countries.

We have been very unlucky in Angola but hopefully with a bit more due diligence it will work and be profitable in time.

Share price has fallen a long long way but there’s life in the old dog yet.

Let’s see what next week brings.

Thanks Nige

Hi Ed,

Yeah that’s right AK has left the door open.

I wonder if Sonangol will help with the costs, as it looks to be their fault?

Kon16 looks to be the focus now, so any progress on these 2 wells will be a bonus?

No mention of Brazil in this RNS which is odd as they said it was near term news 4 weeks ago?

Let’s see what happens

Thanks Nige

Hi Ed,

That’s a blow, we have had real bad luck with this campaign.

The line about new projects was brief and they are still planning to hold investor meets at some point soon?

There may be some better news around the corner as I can’t see anyone turning up to hear bad news about the recent flow tests?

Thanks Nige

Afternoon Ed,

Hope you are well .

Let’s hope we can turn this ship around soon?

AIM market in general seems to be waking up.

We are a good company with potentially decent assets,so let’s hope we get better news soon?

Thanks Nige

After the RNS 25th April and the statement that went with it, why would the company be looking to go private ?

I meant the buys after 12.00pm

A few decent buys after midday :-)

Hi sj,

These events are always held in London, so travel is difficult for most people, which is a shame as I am sure it would be an interesting meeting

Morning Ed,

Exciting times, I am very intrigued by this paragraph in the recent RNS

“ Building on several months of restructuring efforts, I am very pleased to announce another critical change which I believe will help continue the transition of the Company into the organisation that I envisage to deliver significant returns for shareholders”

Hopefully not too long to wait.

Thanks Nige

Afternoon Ed,

Top post as always.

Yeah not a lot priced in at the moment.

Seems a very good opportunity at these levels with the hints dropped in the recent RNSs, hopefully not too long to wait now.

Thanks Nige

Luke is right, he told us he has added more shares today:-)

Morning Ed,

Hope you are well.

It’s looking much better now, hopefully some news before the GM next week.

I am curious as to what the Brazil asset may look like?

If it’s Gas as they stated last year, is that something that would have an impact on the market cap as gas prices are currently low?

Thanks Nige