Member Info for mikemike

do not have to wait until october the conversion terms are ''on or before''

https://www.88energy.com/capital-structure/ go to options due on or before the due date

asx 5.1c is the significance of 5.5c understood?

serif this is all politics and what is given gets taken away and gets delayed etc etc welcome to malay politics the show that goes on and on forever

resignation of government minister for resources will hold up sarawak, malay politics are a quagmire at best of times

Tunisia in political upheaval for a ''stable country means thus may take even more time when added to rampant covid issues there

feels different, even more so at 5.5c with options available for conversion. Plus 3m on the right side of the balance sheet in September with Galp provisions due to expire

North africa will be quiet for a while

https://ph.yahoo.com/news/donations-seek-save-tunisia-covid-032131263.html

here in SE Asia it is equally bad so do not expect much to happen, any time soon

stay

Petes fortune

you may wish to reconsider your research..... predator did not drill for oil in tunisia, it was and still is for gas

I am just plundering along with the volatility. The late PB introduced investors whose options are due to expire on or before end of this October. Will their price close to .055c be hit, if so that is $8,5m to be added to the pot if they do convert. Will over $20m in the bank be enough to deliver the next phase?

October will also see a balance sheet shuffle to the positive with the contingency not claimed by Galp being removed......................unless there is a last second invoice due at the end of year 5 claim period from a Galp department that no longer exists...just for ''balance''

May extend to Alpha?

well done bromb you have deserved the best for being one of the very best.

Do not be surprised to see a load of sales as the BEX investors may start to convert those October options and put money in the bank.

The sales will off course attract the attention of those who do not understand as being a portent of doom, which of course it is not.

AVB 2 all and I will still be wearing a silly smug grin for when Monty 888 rejoins us to tell us how wrong we are for investing here. Those who have banked profit and still enjoying the run may of course have a different perspective.

Should this price be achieved we may see the options for October this year be converted, sooner not later . This will add circa $8m USA to the balance sheet. In addition the balance sheet will be strengthened as the GALP provision in escrow is due to expire in September

CEO RESIGNED IN MY OPINION, SO HE CAN MAKE A TON **** OF MONEY, AS ONE OF THE COMPANIES BIGGEST SHAREHOLDERS.
Why does his status affect the value or volume of shares held which will ,drive value?

I would expect to see a consolidation now that Dw has stepped aside

those who wanted a placing have got, it no surprises at all, all but built in.

AVB to all

The 1 pound was on less than 5billion shares, when we had far fewer prospects. At that time we were looking at HRZ only with a suggestion of 3.6bb

what is the future average of sp if all prospects are commercially viable at 3$ pb. Does not mean they will all be valued at that figure or sold off all at the same time.....just an average .

Way too busy to make a post as long this, see you all after flow test

AVB2ALL

rns 8/10/19 for the close to 14% surface figure

just a thought/observation.

A big difference between OIP and commercial recoverable.

AVB
see you all the other side of this year.

from advfn

''if the trolls over on LSE spent more time doing some research instead of trying to find fault they would have the answer they are moaning about ffs. TSF 6 and 7 have the most amount of gold in them and they are close together, hence why they are targeting them first. Between them, they have 779,000 ounces of gold indicated and inferred which is three quarters of the total. So anything over that figure will be a bonus, even if it is lower it is still has great potential''