Member Info for Mumbo_Jumbo

Just as I suspected as what happened with Range Resources over a decade ago.... these are clapped out oil fields in Trinidad, which end up costing more than they give you back on top of the horrendous fiscal regime.

Sitting on sidelines and having a look at the company.

Scarlet or anyone else - care to justify why you think it can reach a mcap of £180m-£550m from the best case estimate of 900 bopd.

FORD707- I Think Jimmy23 is a in a better position to answer that about renewables.

But for me it's another one of those pivots that keeps the lights on with enough promises for Jam tomorrow so that they can raise money to keep alive. CHAR and Tower Petroleum followed the same path and CHAR should have suffered the same fate of sub £5m mcap but as I said offshore find in Morocco saved them. Interestingly, there is a big bill attached for CHAR with the Energian JV and consequently they have followed PRD route to get onshore production up if they are successful. That is why I am upset with PG and Lonny for frankly p1ssing around for almost a year and fallen behind in the pecking order when they had such a great head start.

Ford707 - I hold no shares in CHAR but you do realise that 15 years ago CHAR was not in Morocco and elsewhere in Africa trying to unlock hydrocarbon provinces but to no luck, so they had nothing to flow test. They raised and spent big money doing these wildcat drills and the share price followed this flow. Morocco was their saving pivot and last throw of the dice so to speak and it has saved them.

Well if that happens then nothing is happening in 2024.... let's just come to terms with that.

So it appears the order for the rig is:

CHAR > Sou >PRD

Who thinks they will get Sandjet testing done before then? Not me. They probably have not started ringing around for the coiled tubing yet.

Well done PG and LB, you absolute unprofessional muppets for wasting almost a year of doing nothing except for halving the share price to raise money for work that was "imminent" towards the end of last year.

Isn’t it headed to Char first?

M007j - Namibia is best forgotten and thank your lucky stars that they went into Morocco and that you still have a £100 million mcap company still.

MEM - with greatest of respect, no one will take them seriously until they can flow test successfully. Even Malcy has quitely bumped off PRD from his bucket list.

Should have held the news till today :)

Hannahjack1 except that I was right then and SP is where I said it will be year and half/almost 2 years ago. Just ask our good friend Bamps21.

Anyway I wish you all well.

If you listened to hydrogen over the years, you would have been considerably worse off now.

Anyway prepare yourself for 1p over the course of this year, heavy dilution ahead at some point.

And all bad news at that!! Hopefully positive news flow in the new quarter.

Marketinvestor - all of us would be happy with a mere 8-36p :)

Unicorn on the AIM market... would love to see that as I too am now an investor here as of yesterday. Let's see how the story unfolds. Good luck everyone.

Razorman - Thank you, I cannot see what you did wrong. I am glad you at least tried to hold the artful dodger to account in some way at least. The arrogance of the man to think that everyone in attendance should be in awe of him and whatever BS he spouts should be lapped up wholeheartedly. Until and unless #3 is passed and flow tests delivered, he has taken us the garden path and then taken a dump on us.

Am I the only that is glad someone did try to hold the professional obfuscater to account. If I was there, would have asked him why he is always got a litany of excuses but never actually delivers on the flow test. There is always something that goes awry. Why should anyone not question his record in a public presentation to shareholders.... If the shareholders are not going to holding him account... then who is?

If he is so offended, then prove yourself and deliver the flow test in April.

Maybe he works for PRD?

BuenaVista - and the ongoing approval for their covid test by department of health :)

Bridge over troubled waters?

2 weeks on, no news on #4.