Member Info for mikemike

he says ''on track'' for med so no change in dates from end of Q1, yet still may prove to be flexible

stay+ve taking it private would have to be done before med gets up and running by end of Q1

Tony fernandes stands down as ceo of air asia

https://www.bbc.com/news/business-51353498

will he want to spend more time with his UPL family

bcl they are meant to have a nice new rail system for Dodoma. even magufuli knows he needs power for this plus his other dream ticket investments. i wonder if they want to reinstate SML terms for Kibo?. I would not be surprised if that is in the back ground. Nothing about tanzania surpises me

https://uk.yahoo.com/finance/news/somebody-big-called-oil-market-130536578.html

Now we can expect his end of year news later celebrating his many achievements, he can spell warrants?

the company looking to finalise may not be in alignment with those who he is dealing with, perhaps never will!!

I will just keep on averaging down , not difficult to do at these prices with dividends from elsewhere.

I do not recall seeing any promises re PPA. He did say Kibo are ready, that does not mean our partners are

Le Major another thank you for the recording

Turn on the TAPS
https://www.anchoragepress.com/news/taps-moves-its-billionth-oil-barrel-twice-what-was-originally/article_b3d1f10a-1acd-11ea-bc07-0f3b37f03308.html

Galanjoa
you work it, just tell us which currency you are in

The sp drift was and is a result of negative sentiment following departure of a well known, tried, trusted and respected CEO. This would never impact the fundamentals.

The following may well have a negative impact on the fundamentals for the gas pipe to Europe was readily seen as a boon.

https://www.bloomberg.com/news/articles/2019-11-24/algeria-squeezed-in-europe-s-gas-market-by-a-flood-of-lng

Things work in cycles, so it could herald a new market low for UPL. For those patient enough, a possible opportunity to buy more and hold, if that is their preference. I know I will be buying, if the opportunity presents.

sandersons selling again something for nothing etc

If PMO do take the option up, 88e are then on 40% of that deal. no doubt about it, a lot rides on this first drill, just not everything.

Brom I am doing Miloh a favour and placing him on ignore rather than continuously highlight his obvious IQ deficiency as evidenced by his posting suggesting that a company listed on the Uk stock exchange will be singled out out for treatment by a british PM who will ban fraccing in Alaska etc. that Miloh does not understand that oil wells in Alaska were fracced before Icewine turned up with a shale project is indicative of his underwhelming intellect supporting his lack of basic research.

Yep into the igloo for his own safety

well done the 'boks. England got out bullied for the fist time up front and never looked like scoring

''The appraisal drill is adjacent to a failed drill by BP (investor failed )
Whats to say that the same problems are not encountered''

BP failed at prudoe, a wild catter hit the motherload on land that bp was about to give the lease up.

''The trust in Dave Wall is lost '' That is why he gets re elected at every aGM with significant support.

''The flow testing will take a lot longer than what he estimates and the Farm Out too''

Prove it

''I also think that the MMs are keeping the sp where it is''

You thought this all on your own? or did the Mm help you understand that is what they do?

''But if the appraisal drill fails there will be no 88e. imo''

OR 88e will consolidate and raise cash again, rinse and repeat like a lot of other junior explore producers do.

The rest of the tosh has already been answered

As for future funding, we still await Yukon news and the fate of options due next year and those options that may be converted.

Knowing the FC point for mcpp that will encourage SEPCO to add any value will be interesting. With Tanesco it was easy, FC as 300mw. Now it may mean combined PPA to get 300mw for fc.

This may come sooner than some think .LC was preparing this before Tanesco pulled the plug. This will not be a new series of negotiations.

Small one for MED

Maybe something for BIPP

I am not sure I would place any value on the ML for MCIPP

bb32

should there be a success that drives the sP above aus6c, the knock on effect cold be more than just sp positive.

There would be close to 250 million shares options that may then come into play for conversion. The options with due date 2021 are able to be converted on OR before the expiry date

250 million shares at average of 6c = 15m$AUS or circa 10m$US a potentially larger sum than that raised by recent placings

I would also expect by that time to have closure on the Alaskan rebates court case. Nil debt and no repayments to reduce cash flow plus an additional US$sum in the bank

A positive drilling outcome may also then allow consideration of debt finance against balance sheet finance, or a mix of both and or other JV finance.

A lot rides in the next drill for so many

Perhaps the PPA, be it one or two that have been indicated for this qtr my provide the answer. I would not expect any CEO to reveal his hand on those two as I would also expect NDA to be in place.