Member Info for mikemike

Rivebdell

I live and work in SW asia and the increased number of apartment blocks. The units the size of rabbit hutches all wired for air con is a most significant turn around in the last 10/15 years. The cost of running the items is near prohibitive for the old style air con units. The new inverter style has cut running cost almost in half so usage is climbing rapidly.
This year SE Asia has been under the cooling effect of La Nina. Next year it will be back to El Nino and air con will be 24/7

then why are you invested in a company you do not believe in
In a country that you have no regard for.
In a place where classrooms are too advanced to be of use so they remain empty.

'' I also understand it needs Cabinet approval which yes I guess they could convene one specially.''

I wonder if they already had the cabinet meeting and it has been approved. The Bulldozer just wants to be on location to announce it?

5.25p treated as a value for the business is a total red herring made by a very few who do not understand their investment.

The 5.25 figure is the base at which investors were enticed aboard, not the upper end of expectations. They sure never invested to break even , let alone at a loss!!

That LC has successfully added cash and wiped out debt is not a bad thing. Those who invested agreed. All without SML/PPA for MCPP with coal sales, let alone completion process for the other two.

To think that 5.25 p is the sum total of expectation from LC is I believe well wide of the mark.

SEPCO will invest in a business that is ready to go, ie with SML and PPA. they may defer the buy in if TG have not git it sorted by end of the month. For me that is the only risk . Even the risk of sepco walking away after 60b$ of funding made available is a non starter.. let alone having GE on board in capacity to fund if needed.

The MM's will get with it once the key pieces are in place.

H2H

To lose the locker room it would take far more than a few malcontents venting their spleen on a bulletin board.

That some do not understand that a half year report is a duplication/consolidation of the combined Q1 & Q2 reports is more a reflection of their ignorance regarding ASX requirement than anything else.

As correctly pointed out the BOD cannot make it up, even if the usual few malcontent PI's choose to do so.

That AIM and low end ASX are loaded with lifestyle BOD is not incorrect. We hope to have invested in the exception. For those who no longer see it that way they can exit, press the sell button.

For those who think that funds are wasted on HRZ, they should never have invested in the first place. The risk was established very early days. ''A one of a kind never been seen before hybrid with both good and bad attributes'' As always, the need for greed triumphed and it's never their fault.

HRZ is not done the theoretical vapour phase, is still being chased. The expectation is that proving up IW2 will now be a JV, this is the only change. Probably now not until spring 2019. You never know we may the funds to spend on the Horizontals on our own, now there is a thought.

We started investing in Shale well before any conventional leads were identified. Ideally we need to be funded to prove both.
Well, that ideal is now being closed with JV on the western Block, fully funded.
Ice Wine western plays being permitted for two drills in Q1 2019. Farm Out for one under way as advised.

For those who think that analysing 3D data is a weekend away job, it is clear they are clueless. The work done in house is by a very small team, they cannot do it all at one time. How do you eat an elephant?...one mouthful at a time and it will take time to digest. Those who complain will scream even more if the expenses go up to employ more skilled geo-analysts to work the data.

For those who want to ask the hard questions DW is available very soon to receive your direct, no hiding behind a key board queries. Will you have what it takes to front up and accuse him of being a lifestyle director and much worse? somehow I doubt we will see the usual key bard warriors attend, let alone hear you.

Just a parting thought for the Yukon Gold. Maybe, just maybe the results will be announced after a cunning purchase of a few more key acres identified by 3d analysis.. So few and so key that the purchase deposit will be funded by the Q4 options. That way not disturbing the balance sheet as already advised in the Half year report.
Wonder what the naysers, malcontents will whine about then.

drax

I suspect that the children and staff are making the most of a great opportunity. I see no reason to denigrate their talent and ambition

Muscat

We just had the half year accounts and unless you know the cost of exploration for this half year it is pretty much unknown what the over all costs will be.

There will be two alternatives for funding:

1/ farm out to cover ALL back costs which will then fund two wells on IW western plays for Q1 2019

2/ placing if 1/ above does not come in

We do not need to worry about funding for the western blocks as that has been paid for.

Another batch of options due in Q4 to add another 1m$aus into the bank account.

Have you also noted that each placing has funded added value, 4 strings to the bow instead of 100% HRZ

I suspect that DW has taken his time over 3d results for Yukon Gold because they can only work on the 3D bit by bit as he runs a small team to control costs. If I was being ramptastic I may even suggest the the 3d due in Q4 will be after they have won a bid for some more Yukon Gold acres.

Sepco with a slice of the 60B their president just announced look kike a serious investor. after all SEpco is a ''state corporate''

he will be back it is a compulsive mental disorder. His reference to the ''Gents club'' suggests it is the biscuit.

I Still cannot work out how to get a membership:))

Yes i have written twice asking for those who have been ignored to be incognito like it used to be. Two responses telling me they are working on it. After 3 weeks of working on it Admin continue to fail. At least today's recurring Troll could not get past 8 posts before being booted again, third time in 3 weeks, but he will be back:)

no it has not, apologies

Looks like an issue for someone as my unimpressed view if the Web site issue has been taken down

If you are relying on the new presentation to entice trades, I would not hold my breath

LC needs serious councelling on his presentation skills, this is just a mess. To get to Kibo energy you have to go via Kibo mining, who the hell is Kibo mining. They had a resolution, passed to change the freaking name, This is just plain sloppy. They advised a new web page in name of KIBO ENERGY and its is every where but no where baby!!

Content makes a fleeting mention of 'Mast' as due diligence has not been announced as completed? Hardly a selling point at this stage.
MCIPP is mentioned in the opening credits, but unlike MCPP or BIPP you would have to guess what is intended as the opening credits do not help at all.

Unimpressed.

I believe the press releases did not state any specific/definite times, these are the only known resources.?
Anyway, if not this week, may be next week

bat

We also fully funded the costs of the western blocks, that was not a freebie.

The question is what will be the expenses from here until year end for exploration? How much of that cost will be funded from farm out. I suspect the costs will all be about the conventional drill on the western fairway. I would not be surprised to find those costs are more than funded by any farm out. In addition there are enough options due in Q4 to add another 1m$ AUS plus into the bank

Wonder how much energy is needed for this small but vital construction project?

With UK & Us also declaring a financial interest the African countries would be smart to treat this as an African BOD opening up a bidding war. Maybe too late for the first 3 projects as they are in effect spoken for. the next projects could be more financially attractive.

Monty888

back again and he does not even appear in my filter list or show any posts. That sounds like the banned for the damned:))

Anyway good to see that he continues to struggle with Tundra and success on the North slope with BP, Exon, Repsol and CP et al.

One day he may not be so Tundra thick and start to get it:)

I pop in and see the newly banned again guy back to be banned again

The hard question for him is to remember who he was on his last ban

Meet you. I do not think I would notice.

The door is behind you.