Member Info for middleEastMoney

It could mean we have hit another unexpected thickness of gas, or we have hit the main target, possibly earlier than planned TD, meaning a much greater volume of gas.

Tomorrow could be interesting………..

Staggeringly good figures at 100% or 75%

Let’s look at where the SP is re M/Cap vs our assets.

Currently we have a M/Cap of less than £50m, we are drilling MOU - 3, already had an RNS to state we found gas on the way to TD, a large bonus, more gas and most importantly, derisking MOU - 3.

After MOU - there will be MOU - 4 (target 126 sq km)

Then testing across MOU -1 3 & 4.

DYOR, DD etc, but I certainly think in the next 10 business days our M/Cap could double towards £90m and it would still be way undervalued.

We have still not breached 12p ATH over the last 12 months, nor the intra day high of 22.5p (I know we had more shares issued - hence my focus is on M/Cap)

We have started the engine, now watch it rev a bit, before the race to the final.

Do we have a stalking horse ??? Quite possibly….

MEM

I used to fly H.H. The Emir of Qatar, he would chat to me on our flights, sometimes for hours. He once told me (2014) that Qatar had enough reserves to carry on production for an additional 158 years at the current annual rate of production (at that time the GDP from gas sales was $58 billion)

I am not sure how much their production has increased, I imagine after UKR, probably a fair bit.

Qatar is always a country to watch, they are literally rising out of the desert (very much like Saudia Arabia)

MEM

All I can say is nothing is as it seems, expect another left field play soon.

Ultimately I expect all REVB SH will be VERY happy at the eventual ‘outcome’

It’s life Jim, but not as we know it

As we run into Friday I expect more people to board the train ahead of news….

I think you have written BH off prematurely!!!

Does this mean GRH has spotted something via his satellite imagery Co - that might require sunglasses ???

Today is a massive wake-up call for REVB, the BOD should assume nothing, plan for every contingency, a Machiavellian plot with many more twists and turns to come.

What other responsibilities Bob might have, he needs to be front and centre, the spokesperson for the BOD.

The defence of our independence, the re-establishment of trading, require a rapid twin track approach, with a detailed response/rebuttal published latest on Wednesday, with Trading to start on Thursday, if this cannot be achieved please give a full and Frank explanation.

Bob now is your time to step up and give full transparency to the SH.

Thanks

MEM

MK111 - Please elaborate

Good afternoon GRH,

If I may take up the baton re Investment, long term planning and where to find more oil.

To quote your quote ‘ IEA

• From 2005-2014 fossil fuel companies spent $7.6 TRILLION on exploration and production ’

Does big oil need to find more oil, I believe not (in the short term)

Take T&T as one example, there are thousands of legacy oil fields, decades past peak production, billions of barrels of oil sitting unable to be economically extracted.

We know where the oil is, we know approx how much oil is left (after a RF of say 65%)

What we do not need to do is invest another $7.6 trillion to try and find more oil, we are sitting on it, we just need new technology and a willingness to use said technology.

This is what lies at the heart of our ambitions in T&T. Carbon Capture to enhance oil recovery.

No requirement to battle local planners, all these legacy oil fields have Grand Father rights.

Do not take your eye off the possible prize in T&T, whilst waiting for results from Morocco.

$7.6 trillion, if we had 1% of 1% of that sum………….

MEM

Thanks Keith !👍 all very encouraging, I suspect the herd might arrive within 2-3 weeks….

MEM

Good day, is it my imagination or did you post some possible volume figures for the 126 sq km ?

given the news of MOU - 3 early and unexpected very good news, does this change your opinion of what we might find across the 126 sq km.

And what of the oft talked about gas cloud, given that the seismic has hidden a gem in MOU - 3 ??

Final question(s) do you think in the success case of MOU - 4, do you think we will have to then drill MOU - 5 & 6 to try and discover the full extent of the 126 sq km field, in particular where the field thins out to provide an unequivocal GIP figure.

Timescales for the above ? Inc testing

Other multiple targets ?

Thanks

MEM

Anyone asked themselves why CMD has suddenly gone very quiet, Bob was very upbeat about CMD, now nada……

Join the dots, in a good way :)

Not long until the AGM, we will know the full story then

Approx 7 times av volume.

Get the last of the ‘flippers’ done and dusted and we can officially start the re-rate

I once forecast a SP rise in one day of 12p, I still think this will occur, but we are not at that point in the journey… yet :)

MEM

I postulated just last week something left field was brewing, would anyone be surprised if a very large, well known Co, listed on the LSE made a conditional bid, to expand in to cosmetics…..

All should be revealed very soon.

This mornings update validates everything and more from our favourite posters, KeithOz, Jimmy and GRH.

Remember this mornings RNS is not the main event, but what’s 1.15 Tcf between friends :)

Valuation of approx 0.4p per Bcf

I expect a update note from FD

I standby my original suggestion of 19 Tcf across our Morocco license.

Today is validation of 4 years planning

MEM

I suggested a small into safe hands !

Ok here are my thoughts, right or wrong.

Bob said perhaps the accounts will be better than first stipulated, why say that if he is going to be proved incorrect - I think we can be certain they will improve.

AGM - various pointers to a possible small raise, WHY ? What better way to fight off a possible bid ? Issue more shares into safe hands AND strengthen balance sheet.

The monies would also ease our borrowing/bank covenants

Orders/long term contracts pouring in, forward sales looking very strong.

Later on a share buy back to appease SH.

Bob is very experienced CEO, he has a vision to take REVB forward, in time a NY listing, he is on record of stating our business should be on a par with ELF.

I believe the real story of REVB is only just beginning

MEM

I do NOT know anything more than you, but joining the dots there is something we have not discussed but I think might be material