Member Info for MozzaBezza

Thanks, Ash.

For me, if for example, it now looked like we're actually thinking Q3 for a deal, rather than Q2 as it currently stands, that would impact my decision making re. adding additional capital here.

There's a big part of me that suspects they have done a deal and that they're just getting all the paperwork sorted so we don't have to have a big suspension, but even then, tbh, i'd rather we suspended with a deal than lingered with no deal.

I'm probably ranting now, but I would really encourage others to email the BOD and the PR chaps to try and get us an update.

Even if they don't respond to any of us, it shows that we're still here, still wanting to know what (if anything) they're actually doing to get us some flowing boepd.

I've emailed the PR guys (not that I expect it to make a real difference) asking for an update. It is two months since Helge's "later in the spring" comment. I'd encourage others to push for updates too, because I am certain they could say more than they are/have.

I think the reason we're still here price wise, is very simple: the BOD are very wishy washy with what we're doing and when we're doing it... It's hard to invest big sums of money based on effectively hopes what they'll achieve something.

https://www.linkedin.com/posts/petronas_mbr2023-petronas-malaysiaupstream-activity-7052837653959880704-micF?utm_source=share&utm_medium=member_android

Spotted this post. Wonder if we're involved... It would make sense timeline wise for us and the implications have always been about swapping exploration in Norway into upstream Malaysia.

If you have it, I'd be interested in more info here too. Nothing obvious from the news stations yet of a resumption of exports to Ceyhan, but the rhetoric has all been thst it's expected fairly imminently.

I've taken ~900k shares in the last couple of weeks.

Regardless of if we hit helium, the fact is, the size of the prize is so big here that each little step towards up drilling will see the share price have a decent swing upwards, because we're so geared to sucess at the drill bit.

Once it's confirmed that the rig is on the way to site, I reckon we'll promptly be in the 10-15p range and then more like the low 20p areas as we approach results.

Lots to play for and DYOR, obviously.

Very well bid here at the moment. Will take 600k off me in one hit.

Have we always been tradable in Stuttgart or have I missed something? Seems to be since ~March 21st.

https://finance.yahoo.com/quote/GB00BKFW2482.SG?p=GB00BKFW2482.SG

I haven't explained that clearly. Sorry.

I don't mean 'nettting', I mean earning.

I.e. They get paid 40usd/boe. With the tax rebates, etc that would be fine with no fund raise.

Sorry for the confusion.

I don't think they necessarily do need to raise before those results. Although, never say 'never' and this is AIM...

They have the financing facility to bridge the gap re. the big tax offset, so they don't need that many flowing boepd to be able to fund their end of the deal for Lotus and Oswig South and that assumes that any deal doesn't divest some of these assets in part or in whole.

Even if you're only netting 40usd/boe, on 2000boepd, that would still generate nearly $30m in profit a year and after the rebates we're thinking single figure drill costs.

The thing is, it still all hinges on a production deal...

Look, we've all been here for a while now... None of us know what's going to happen until it does.

I'm not saying you shouldn't post the facts as you see them, but if you don't like the picture you're seeing, sell it and let it be.

Fire the company an email while you're at it voicing your concerns.

No one is forcing you to stay a shareholder if you think this whole this is as utterly disastrous as you keep describing.

Nice and big delayed £51.5k trade there. Probably a worked buy looking at the time and price, but that's a bit of a guess.

Meh. It might work out, it might not...

We're at the stage now where people have known long enough about our exploration assets that if they didn't like the strategy change they could have sold a lot higher, a long time ago.

I have just averaged down again. Granted, I have a long way to go still until I have an average worth shouting about, but it's now sub 40p at least, which IF they can do a swap into production without a raise, should be achievable price wise as that's only a £22m market cap.

Spot on Daveri.

It's basically just a bridging loan for specific exploration, while you then wait for the government rebates to be paid.

That all depends though on how many parties are interested. As it's prime acreage, I would hope, there are a few, so hopefully that puts that risk to bed.

I have just relistened to the February presentation and what struck me was towards the end he talks about delivering production "deals" - plural.

Perhaps they've got another bi/trilateral deal lined up... That's entirely a guess. Equally, it could be a language barrier.

Time will tell!

I think though that the BOD, IIs and PIs don't want to see any raise, but that all hinges on their monetisation project working.

Well, I believe they can't raise below 10p, because that's the nominal value of the shares.

Let's face it, it just depends on the circumstances. If they're raising to keep the lights on, the price will be awful. If they raise as part of a production deal, then any raise will be a lot better.

I absolutely agree. I wasn't clear in my post, sorry.

I meant that, if they can buy production (likely with a swap of exploration, or sale of exploration), they probably wouldn't need to raise further equity, because they could borrow against that cash flow if it wasn't enough in itself.

Here's the thing, if they ever actually achieve buying cash flows, I don't think they'd need to raise fresh equity, because they could easilly borrow against the cash flow.

Even if they only made a net profit per boe of £15, on 2000 boepd, they'd make nearly £11m a year in profit.

From the BOD, mine and probably the II's perspectives, no one wants to see fresh equity raised sub the last placing level of 75p, unless it absolutely has to be.

As always though, that works on the basis they actually buy some production!

I think that the risk is probably less 'can these guys find a good deal?', and more 'when will they find a good deal?'.

While it wasn't what we wanted I think the exploration deals have been good deals in their own right.

Granted, we've heard this before, but so far we've been recently told (15/02/23) that they would update us in Q1 and then approaching the end of Q1, they pushed that to "later in the spring".

Again, we've been here before, but to me, it suggests that there is a deal probably decently underway and that it's just in the final stages.