Member Info for muscat

Share price action pointing to further downward presure going to sub 10p. Webinar on 23rd will point out that recent drill results will require further work and nothing will be forthcoming well into 2026. Aslo further funding will be needed so no upside for next few months.

Hope so, but price action pointing to problems with flow test.

Can't see a lot of movement in the share price until we get results of next drill. MM's being careful in case of another duster.

If you sold your original holding, then you sold shares you did not have as the consolidation had been in place.

I expect they will cancel the trade. If not then you did well my taking advantage of the situation and could well close your account which they would be entitled too.

Strange that Burgundy always finds the fund eventually. One comment is lots of wealthy oil guys around in Texas so a few million or so is probably not a lot for those old oil guys who all started out as wild cat drills years ago. Now they will own a much larger stake its more attractive to get a placing and quote done. Will take some time but bet it happens within the next year. Sold out my holding ages ago but kept a few with nil carry just for the fun. Whats left for the shareholders is anyone's guess . Probably worth a punt from here with 25% up side but is it worth the wait?

Burgundy where never going to walk away from this as they have invested millions. They soon realised 88 could not raise funds required so they have taken the opportunity to step in. With increasing the stake it now becomes more possible for them to raise funding as investors see a better pay back. 25% to 50% who would not see the better position they are in. 88 where always going to have to give up a majority interest when funding dried up.

Probably good time for cash call. still a long way to go.

As usual non event, just shows few new pictures to fill the report out. Keep going on about farm out which is the only hope for them. Existing share holders just looking for share price uplift to dump, hence no move as MM's know billions of shares to clear out. Long shot in Namibia to keep shareholders on board which will turn out to be another Alaska burning money for years to come. Afraid its about time it was put out of its misery.

Interesting can you confirm where you got this information please

Share holders will no doubt make money. The biggest lost will be to clients. Any private equity fund will sell off the parts to make money. The in house funds will be the first to go and will result in amalgamation with another fund manager. The self select accounts - pensions will go to some pension fund manager who will put pressure on you to transfer to their own investment schemes. iSA sold on to another party. All this would result in you paying higher charges and share dealing charges would also go up.

Lots of investment companies would pay for 1.7m clients and funds these clients hold, Should have set up a poison pill to kept the integrity of the company.

Time to consider options if taken over pp by private equity.

£1bn some one's on the wacky baccy.

Just too many shares issued for this to run much further. Option holders bound to excise on good flow results and mm do not have capacity to take large amount of shares on their books. MM will widen spread and limit dealing sizes. Who wants to be left holding with consolidation round the corner - have to be at least 100-1.

Obviously tidying up the share register ahead of share consolidation soon. Expecting 1 for 100. shareholders have chance to get out with no broker fee, otherwise probably cost more to sell than shares are worth.

Lots has changed. No interest from outside parties, further cash injection needed going forward. Recent cash raise with the excess going in board salaries. They have set themselves up very nicely for a couple of years at the shareholders expense. Nice if you can get it.

Debt financing will cost a lot. Just look where interest rates are. Looking at mid teens and then they need cash to meet interest payments. Where's that coming from- shareholders on more equity issuance.

Sorry to see many taking a bit hit on this company. As said before the board has a lot to answer for and should all GO.

The board has now lost all creditability , and the only way out is for new management team to see this going forward.

The move to Houston is to try and gain some interest in this company from the oil world. No one interested in a farm out, funding remains biggest problem and as said board creditability all but lost. Could turn around but will take years and deep pockets but not with this board. Intuitional shareholders will be forced to cut and after this they will never get involved again with any fund raising. The only way out is for private investment which means giving a ton away. Shame but when run by self interested parties they only look after themselves. What about big pay cuts? You just watch they will now be awarding themselves big share options.

This was for the drilling permits awaiting to be issued. So Alaska wants more funds and look to oil companies to pay. The only companies drilling new wells in this area are 88 and pan. It will still costs millions to go into production so all these numbers going around are not realistic in the current climate. Also it takes min 5years to get an oil filed into production with all the infrastructure needed. So anyone buying the field will look at the reserves and the cost to production. Then you have the polar bear lobby and other people who will object at ever stage. Its going to be a long drawn out process to get anywhere near the valuations being talked about.

cant you read. Did not say oil companies are shutting down. They are using cash to invest in other energies. So any profits will not go into new wells . Just look at the oil companies statements- sorry you cant read
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