Member Info for MickR

From yesterday's meeting:

Garret Soden also said that pel 37 saw 20% chance of success while in block 11 and 12 see a chance of success at 60%. It is also expected that there may be several billion barrels of oil.

Date of drill start is not clear, but according to Total, drill start is expected in December. The drill is fully funded ($ 20 million) with existing cash.

For immediate release: 07.00, 25 September 2018

Toople PLC

("Toople" or the "Company")

Nine New Partner Contracts Signed

Toople Plc (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to announce that it has recently agreed a total of nine new partner agreements with third parties across the UK to provide Toople's services on a wholesale basis to their network of partners and customers.

Partners selling Toople's services include specialist telecoms resellers, utility, chip and pin, fuel, energy and mobile providers to SMEs based in Birmingham, Blackpool, Bolton, Bradford, Leicester, Norwich, Oxfordshire, Sheffield and Havant.

Commenting on the wholesale agreements, Andy Hollingworth, CEO of Toople said:

"Since our last trading update we have seen a material increase in the number of partner agreements in place across the UK. Wholesale is an important channel for us to develop to help support our organic growth strategy. We are increasingly signing deals with partners from a variety of industries to provide white label services. These resellers have access to Toople's own Merlin platform, which allows them to connect with carriers and to provide billing services to their own customers seamlessly.

"Small business customers increasingly seek value and pricing certainty and this creates a real opportunity for a value challenger, offering simple, affordable, reliable, good customer service and fair connectivity. We are continuing to demonstrate the attractive nature of our partner proposition and these new agreements are expected to provide a significant positive impact on both wholesale orders and revenues."

- ends -

I have just noticed that this shareholders meeting coming up 4 October does not have any presentation, quite unlike the previous ones...as I am a glass half full kind of person and not half empty, does this mean the end is nigh as in Takeover? Surely if it was a JV, there would be a presentation going into details of the commercial terms etc?

Or am I adding 2 and 2 and coming up with 15?

Cont...

FRR deal.

But FRR taking on YA at this time is peculiar but perhaps an indicator a deal has been secured otherwise I don’t think FRR would be rocking the boat with YA. But FRR ALWAYS had a score to settle with YA and I am pleased they are going after them.

So, guys big week, but hope if there is a deal, it is released a day or two before the interims. Perhaps BP will announce the SDX and FRR deals at the same time.

Please, this is just some Saturday morning thoughts but we only have a week to wait to find out if my deduction was right (or not).

There are so many great small investors in FRR that have stuck with this company for years and years, and deserve something special.

JMO

The following post has been written by Symore Bottoms on the iii site:

Over the years, we have prematurely on many occasions predicted a ‘black swan’ event here, but it has never come to realisation. For some reason, this swan has been bypassing Georgia altogether. The first poster to predicted this phenomena was B20, back in 2014 (I believe).

Anyway, I posted very little last week because to me the YA issue was small but was blown out of all proportions by WShak, TW and his unscrupulous crew. An example of how low these guys can go, to suggest on public bulletin boards that the NOMAD was going to resign. This is the worst case of Market manipulation. But what I do know is that FRR is finally going to get some legal retribution for many years of market abuse with YA and insider dealing by the likes TW et al. The YA issue is something that has been bubbling away for years, but finally came to head when FRR initiated this investigation. I hope for the sake of other small public companies FRR make YA and their accomplices to account. These bucket shops do not honour the terms and conditions of SEDA contracts, and hopefully this will be made an example. And I hope both SEC & FCA colloaberate on the both side of the bond.

Now, I’ve said my piece on that, let’s look forward to next week. It could be a huge week. It might finally be a black swan event. There are some clues why I think next week could be special and break from tradition. Historically release of the audited accounts and interims have been published more to be in compliant of LSE regulations than any thing meaningful (they’re always on the sombre side). And hardly contain any valuable accompanying information on operations or outlook. If FRR were going to follow tradition, why bother to hold an investor a few days later if there was nothing ‘new’ news? I don’t think this is a coincidence.

The other suggestion I want to make is on BP. I think most people are aware that BP has agreed to sell its Egyptian gas assets to SDX for around $300m. BP has not officially released an RNS but SDX has as this acquisition is considered to be a reverse takeover given its size. But consider this for a moment, what if BP decided to rebalance its portfolio away from the Middle East/Egypt and redeploy this capital in Central Europe by leveraging its already existing operations in Azerbaijan and its investment in the O&G infrastructure that runs thru Georgia, Europe and Turkey. What better prospect than Block 12’s MK gas assets, which has some of this infra running thru it? Plus we have discussed many times that it has the same Maykop geology that is found on Shah Deniz mega gas field. For BP shareholders,no change in the financials (redeployment of capital) and probably carries similar operation risk to Egypt but with bigger gas resource (5.8TCF) and onshore. It makes sense on so many levels for BP to be involved. However I don’t know how much of the $300m from the SDX deal would flow in to a FRR d

Yes, the next proper catalyst for a re-rate will be announcement of the ratification of the PA.

Waiting patiently...

Waseem Shakoor aka WShak., Wonder if he is this guy with a net worth of 7m pounds...if he is the same shorting scumbag associated with YA and TW, hope they all lose this fight with FRR:

https://companycheck.co.uk/director/903593838/MR-WASEEM-SHAKOOR/summary

The fact that Zaza has thrown the gauntlet to YA is an indication to me that positive news are coming, if FRR was a dead duck, Zaza would have given in to YA instead of challenging them. Not wearing blinkers on, just what I think is in play.

Looking forward to the next Op update.

1p coming ....then who knows....Lithium and Ghana...

Meet The 38 Year-Old Entrepreneur Who Built A $1 Billion Oil Company In Ghana-27 August 2018

https://www.forbes.com/sites/mfonobongnsehe/2018/08/27/meet-the-38-year-old-entrepreneur-who-built-a-1-billion-oil-company-in-ghana/#5ab68a641621

Oh dear....this is not surprising as the delay in giving the news pointed to bad news coming. Sorry to holders.

By the way, KOS also trades in the LSE under the ticker KOS.

https://www.reuters.com/article/india-ief-ghana/ghana-to-launch-first-exploration-licensing-round-in-q4-2018-minister-idUSL3N1RO523

Petrel and Clontarf are sister companies with common directors. Between them, they hold 90% of one of the most lucrative oil blocks in Ghana with Clon holding 60% and Petrel holding 30%.

Once the agreement is ratified, and Monday’s news sends out the clearest signal yet that it will be ratified, majors will be all over us IMO. Look at what happened with Kosmos, next to us
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/6411488/BP-could-outbid-Exxon-Mobil-for-Kosmos-Energys-Ghanaian-oil-field.html

Good to hear you have bought back in....hope this time it comes off for you and the rest of us holders....I have a mate in Ghana and he says the country is very serious about oil and gas and generating substantial revenues from the commodity. The entry of Exxon has put Ghana on the world map of Oil hotspots and Our block appears to be in the sweet spot.

People may go on about ramping, ignore them, do your own research and take your chances if you think it is worth investing in, it is your money.

I am holding my several million shares until Ratification and JV.

This article shows how the dynamics have changed in Ghana:

https://www.businessghana.com/site/news/general/161574/Ghana-The-world-s-next-oil-hotspot

Just as well you did not buy in...we do not need weak traders here...come back in a few weeks mate and see who was right.

Ratification and JV FINALLY going to happen after years of being in limbo with the legal proceedings and amendment of our petroleum agreement.

Exxon Mobil is nearby and our block is better than theirs if you have done your research:

https://www.reuters.com/article/brief-exxonmobil-acquires-exploration-ac/brief-exxonmobil-acquires-exploration-acreage-offshore-ghana-idUSASB0C1FI

I would not be surprised to see a major coming onboard at 5p a share...If you think this is a pump and dump, do your research and look back at our block and nearby blocks. Tullow's Jubilee is producing 100,000 barrels per day and is smaller than our block, plus our block is in shallow water unlike Jubilee deep water.

This week's news are a game changer: JV with major will come shortly after ratification. Massive potential here.

66 GHANA SWEET-SPOT BESIDE TULLOW: TANO BLOCK Over 2 billion barrels discovered since 2005. The concession is in the name of ‘Pan Andean Resources Limited’ (Ghana co.): Ownership: 60% Clontarf Energy 30% Petrel Resources 10% Ghanaian interests Target-rich block: – 1,532km2 area –Extensive raw data available –676km of 2d seismic now being reviewed –Tano Basin, close to recent Tullow discoveries –Multiple leads & prospects identified Ownership: 60% Clontarf Energy 30% Petrel Resources 10% Ghanaian interests Target-rich block: – 1,532km2 area –Extensive raw data available –676km of 2d seismic now being reviewed –Tano Basin, close to recent Tullow discoveries –Multiple leads & prospects identified