Member Info for MikeGP

.. everyone calms down... perhaps we can have a rational assessment of where we are.

Drill 1 done,... two to go. Both targeting different strategic plays with higher recovery outcomes. Probability of hitting in the next drill increased.

TE10- ready to go. If they drill as quickly as they did at 9,...we'll have that result before end of Dec?.. and hopefully the GSA will also have been signs by then which can only have a positive effect on the sp.

A disappointing result today,.. but that is exploration.

Allo, Allo, Allo,.. Mr Vander.

What have we 'ere then,.. a falling share price,.you say? Perhaps you'd like to accompany us down to the station and help us with our enquiry's?

"Westminster announces that it will be exhibiting at the International Security Expo on 28th – 29th November 2018 at Olympia London.

International Security Expo is the premier global security showcase that attracts an audience of Government, Transport, Intelligence, Defence, Law Enforcement, Emergency Services CNI and the Private Sectors from all over the world.

Visit us on Stand F31"

https://www.wsg-corporate.com/news/international-security-expo-2018/

h&n,

Yes,.. and the balance payment if £180K,.. is a maximum payment spread over 24months,.... so, if trading is broadly in line with previous years,.. should be funded by profit etc.,..ie self-funding.

Best

Yes Qualia.

V,

He got the contract signed. 15 years @ circa £22mill for phase 1

He stood by the people in Sierra Leone during the e-bola crisis.

He has more skiing the game than anyone else.

lumpini....... and it would of course value everything else at nil.

0.65tcf x say 50% recoverable= 0.325tcf

0.325tcf x 90% CoS ( chance o success- as it has been drilled and tested etc.,)

0.3tcf x £1.50/share to SOU= circa 45p/share.

That is the calc..... as I understand it, assuming all the ducks are lined up,... ie GSA ( at 8$/scuf)... processing plant and pipeline ... all in place.....

andy,..

If we hit in the TAGI ....AND.... the Paleo,... that will be a whole new ball game!

Investor...

Your guess is as good as ours.

Neither of the two MoU's have come to fruition yet,.. but WSG have been advertising for sometime for staff,.. with an 'immediate' start tag line.

My thought is that if they were finding it difficult to find staff in the 'open' market that maybe they have gone the acquisition route? Plausible,.... and as I said earlier,... why would you go out of your way to increase your head count if they had nothing to do?

From looking at the Keyguard site, and turnover,..it would seem that they, in their own right an on-going and recurring revenue stream.... circa £1.5M/year ( at circa 15% profit),.... so possibly,.. the acquisition is just opportunistic and has nothing to do with the contracts. Either way,... an interesting move and something which just came out of the blue.

..right in thinking that we should be in the TAGI now?

doc,..

Agreed.

You don'y out of your way to buy a company and increase your own head count if you have nothing for them to do.

Could the exchange of letters be about t happen?

I wonder if they were struggling to recruit staff... and in the end decided to 'buy' them in?

'Dear Michael

We are not dependant or relying on the SPV although it will make life easier for us.

The addendum and letter exchange will be announced by RNS

Kind regards

Peter Fowler
Chief Executive Officer

19 days to reach 2,200 and second casing point

800meters to go to target depth.

Carp,

The second round of sanctions haven't even come in to force yet,..nor has the actual details of the SPV been announced. After waiting so long why would the BoD jump now just a few days before these things happen and they are able to make some sort of judgement on the geo-political ramifications.

A bit more patience is required... but I agree with your general sentiment,... I think we will have a much greater understanding of the situation in a couple of weeks after both sides have shown their hands.

Best

Well,..that's 42 years well spent.

If you ask me about WSG's and the clients intentions I would say 10.

BUT,.. we have the big picture.. and we have Trump and Co wanting to screw Iran at almost all cost. The EU/3 have made the right noises about resisting US pressure from day one,... but saying and doing are two different things. I know pF has said that we aren't reliant on the SPV,.. but until what they have put in place you have to have a degree of scepticism.

So I'd say, on balance... 8. .. and I'd say that if it is going to happen it will be this side of Xmas. Can't see it slipping beyond that as all of the geo-political stuff should be out in the open by then ... and surely the BoD will have to commit?

As an aside,... PF,. answered some of my questions in that last e-mail. Not all of them,... I had also asked him about the other long term contract that they have been talking about. I made the point that the current company guidance says that they hope to sign it by year end,.. and if that was still on course? I pointed out that there had been no update contradicting this,.. and therefore do we assume that they are on track to deliver it? He didn't respond to that! Perhaps that question was a little too leading,... as I said,.. he never divulges information that he shouldn't,.. well not to me!

Ned,.. let's hope so.

Can't come soon enough for many of us!

ddboy,

Thanks .. that helps ...a bit!