Member Info for miker444

Pompey any thoughts on how many wells Gex might intend to drill? If we can get circa $7.5m per annum per well then obviously the more the better, we could possibly at that point do a deal with the Tier1 production company that is both lucrative and rewarding to them to do so.

atb.

Over 3tcf of natural gas, that's without the likely volume upgrade of MT Winter

Pompey thanks for the reply, I remember one podcast where A Hamilton stated that 'work' can be undertaken on several fronts at the 'same time', be it admin or groundwork, so it does conjure up a picture of Gex frantically beavering away behind the scenes and as you say the weather now will not be restrictive. And yes every day that passes without news is a day closer to getting news :¬)

Pompey we are due a lot of news but if you had to guess mate what in your opinion will be the first news we receive. I'm still of the opinion it will be the re-processing of the 2D Seismic data for MT Winter and with it hopefully resulting in an upgrade of increased volume.

atb.

Well no news this week but April was mentioned regarding news due on several fronts this month and quite simply we are a week closer to that. Realistically I expect the drill bit to start turning in early June with the 50 day duration completed end of July.

Bucket loads of updates due before then in April and May, enough for an average 1 a week from here until drill, although we may get 2 or 3 within the same rns.

Time appears to stand still whilst waiting but we do not have much longer to wait, hopefully next week will bring something, i still say first news will be MT Winter upgrade of the re-processing of the 2D Seismic Data.

atb.

Whilst it is uncertain which Tier1 Off-Taker we may partner with there are some big players in Oz. The MarCap of Woodside is $45bn and Santos $22bn so they have the financial muscle to take things to production if they want to or if the news is too good not to.

Absolutely, the sp will re-rate on the MarCap / NAV given on good news irrespective of buys / sells. The sp will be set electronically and you will either be in or out, for those holding it may well be a vertical line and more than likely onan 8am market opening from the 7am RNS. I'm talking transformational news, a helium strike that flows or Tier1 signed off-taker contracts etc.

I think there's a fair chance we may get the MT Winter results of the re-processing of the 2D Seismic this week. A Hamilton did say by April or early April, can't quite remember. Hopefully it will be an upgrade in volume, not that the current estimate of 148bcf of Helium is not enough but if an upgrade is good enough for Hussar...

:¬)

Could land at any time but I think the first instalment of news will be the 2D Seismic re-processing of data of MT Winter and hopefully a volume upgrade along the lines of Hussar. Just while we are waiting anyone else hazard a guess to which which news will land first?

atb.

Just visited the Central Petroleum website, well worth a look. The connection being John Heugh founding Director of the Company is now on the BOD at Gex.

Central Petroleum have increased production 300% since 2017 and are very active in the Amadeus Basin NT. They have good reserves but nothing compared to our figures at Hussar / MT Winter so I would hope some behind the scene talks may have already taken place. Central Petroleum website does state they are looking at further potential exploration sites in the Amadeus Basin which overall is expected to contain up to 5.3 tcf. Know anyone who may potentially have 3.03tcf of that total? :¬)

Willec, let me put it another way, the sp will go ballistic, GGP happened to do a multi bag of x 76 Gex could do a multi-bag of x 200+. but I would accept £6.74 and not £17.95.

As for the £321 top broker note estimate that would be nice but it might be pushing it.

Willec, GGP went from 0.5p to 38p, multi bag x 76, what it did afterwards or what share holders did is irrelevant, the reference is that Gex can do the same.

That's why it is important to get in at the beginning of the journey whilst there is still a disconnect with the asset to sp. A bit more of a risk but more profit to be made than if you buy at a later stage when the sp is higher due to more certainty.

I bought in on the first day of IPO, opening sp of 12.5p I got in at 14.5p and that was on the bell!

Saw it go to an intra day peak of 25.5p just a week or so later before TW spouted his trade mark lies. My average is now 10.7p and more than happy because I genuinely believe people will be paying multiples of this before year end, well before. Now is the time to load up the bulk of your holding but always leave a little bit of your powder dry for future events.

atb.

PompeyM did not know about possible oil that would be a bonus and pretty easy to get out even if it does not flow under pressure unlike gas.

atb

SL it was a simple question and you have answered and I was very polite throughout even stating you are a very valid member of the board. I have moved on. Let's hope all invested make money. My final post.

atb.

I still have funds available that will take me up to a holding of 2m or thereabouts, just waiting for a little more unrisked news and happy to pay a little more for that.

Not at all, its got out of proportion, just SL posts for the last few mths were absolutely buzzing and the last week they seemed a bit flat, that's all it was quite noticeable purely because I read his posts and value them, he used to shoot down negative posters with vigour. So let's move on.

I'm talking about the last few days as opposed to just 1 post, you were so upbeat but anyway I'll drop it and we are both on the same page as to wanting this to be a success.

atb.

Steady on mate, you just seemed so upbeat over the last few months and sound very flat considering the sp is rising, that's all, as I said you have and are a very valid member to this board and I for one look forward to your posts.

atb.

SL you seem to have lost a bit of your positivity mate, are you still holding, genuine question as you are a valid member of the board.