Member Info for myfirstmillion

The preliminary data will include quantitative measurements so the quality of this aspect will be known and it's important. The strength of these preliminary results will have massive implications for the valuation of our assets.

Full results will go deeper to ascertain gas vs oil composition, API gravity predictions, source rock correlation and spatial mapping of the anomalies across the 42 cores.

Piston Core sampling will be finished this week. Preliminary results should be about another 4 weeks after that. Full spectrum results a couple of months longer.

The Preliminary results should be enough to know whether we have an active hydrocarbon system offshore, the full results will tell us to what quality.

Just knowing we have an active system will be a huge derisk foe the company and shareholders and possibly enough to get a deal signed.

I asked ii "If I wanted to sell my EUZ shares would you facilitate a one off share sale to a JSE broker?" "No" was their answer. So now I have to open another ISA with another provider that allows trading on the JSE just so I can sell these shares at some point in the future. Thanks again Myles and Lawrence! Even when they've delisted and stopped trading in this country they find another way to irritate me.

I'm pretty sure ii could have facilitated this if they wanted to, I've half a mind to open a new ISA and transfer EVERYTHING over not just the EUZ shares after their flat refusal.

Great news about the licence, good find! Should be an rns tomorrow or astounded as the company receives official notification and hopefully this is the final piece of the puzzle to unlock funding to get the show on the road. Onwards and upwards!

That's exactly right seasider no ones been ramping here despite what's at stake and it's given no ammunition to the brigade of the last few years that can't wait to wade in with those accusations. They've been left with nothing to attack.

The results will speak for themselves but my opinion watching the video was a lot different from hubsters! They seemed genuinely happy with results from the MBES survey but stayed professional and just presented the facts. They seemed to indicate that the MBES results fitted with their 3D seismic, that's something that can't be ignored...

Trek theres no drilling here (yet) but the heat mapping appears to be complete as the ship once again returned to port. Piston coring is the third stage of this survey, sinking a weighted tube into the seabed sediment to analyse for migratory oil seeps. If confirmed then a major will most likely want to drill for those 7 billion barrels...

The ticker is the same EUZ the exchange is the JSE, how you access it depends upon your broker. If they don't allow trading on the JSE then you'll need to transfer your shares to a broker that does. I'm with ii and they don't so I'm in the process of seeing which isa providers allow JSE trading.

"Overall, the combination of institutional support, insider confidence, and strategic decisions appears to be influencing Tlou Energy shareholders to maintain their positions in the company."

That and the fact that no one wants to take a massive hit to their bank balance! I'll be honest if someone offered me breakeven right now but if I held, a promise of 5 or 10x my money let's say a year from now, I'd take break even and run. That's because trust in this company and what it's directors report has been eroded to the point that it's practically non-existent. Plus the pace that everything moves at is glacial, a one year promise would likely mean another 10! Look where we are ffs, price at an all time low, shareholder confidence at an all time low, being kept afloat by one man becauae he too probably doesn't want to take the financial hit, a strategy that seems to change with the seasons, a connection that never actually gets connected, cbm that must be the wettest in history and endless promises of first revenue and god forbid profit that are always one more quarter away!

well i copied the address in the address bar trying to be helpful. for some reason it hasn't worked, if i could edit the post i would but this platform doesn't allow that so when you post a link there's no way of knowing whether is will work or not. apologies to everyone else but you irish are just f00king rude. find your own link ****

That's correct, they can be carried forward indefinitely to be used against future cgt gains (not income) but the loss must be reported within 4 years of the end of the financial tax year that the loss was realised in.

Https://open.spotify.com/episode/5gbfAi9YHVrX33kzvdZSyK. From around 20 minutes 30 seconds, very short mention.

The company isn't quite dead yet. The money you received was a payout of 1p for every share held. We're no longer listed on the AIM market but they still have a listing on the Johannesburg stock exchange.

Just checked and mines in now not sure what time that happened, I didn't get an email from ii.

There's nothing been paid into my brokerage account so far.

Multi Beam Echo Survey must be all finished and we'll probably get an update on that imminently. I guess next week they'll start the heat mapping and piston coring surveys...

Think of the bean counters as living in a black hole, to us on Earth months have passed by but to the bean counters it's been 11 minutes.

Topped up with another 5 million shares this afternoon. Expect this to be much higher as soon as funding is confirmed... GLALTH

I clicked on the link you provided after reading the title of your post ie. "This RNS looks a lot more...", expecting a new announcement but no, it was the same one I and everyone else read the other day. The same one that tanked the shareprice to new all time lows. Re-reading it again and I honestly can't how it looks more optimistic and lucid. I think you must be wearing magic glasses Brad of the rose tinted variety!

It was a disaster of an update from start to finish man. How can you not grasp that? The rest of the market did which was why the price fell and everyone commented about how bad it was. Perhaps if I use your bullet point style it may sink in better.

1) Still no data centre up and running.

2) When it is up and running we're not supplying enough power for 1MW despite dewatering for years!

3) More drilling and holes will be needed and that costs money, money we don't have.

4) Further funding will be needed which will either increase debt or further dilute us.

5) Given the statement about needing funding from elsewhere it seems that your utopian idea of Kala funding everything for us (interest free) was a pie-in-the-sky fallacy! One the company did nothing to dispel.

6) It seems as if all Kala will be funding will be to do with their side of their business ie. Data centres.

7) We've had to be propped up by the Doc to avoiding going into administration.

8) The connection to the grid is still only at 90% exactly where it was months ago, this begs the question why are they only seeking funding now to finish it???

I could probably keep going for another half dozen points but I strongly suspect it would be futile. Brad you remind me of the band on the Titanic continuing to play as the ship goes down! I'm not saying TLOU will go under but how you can read that RNS and only see positives is just beyond my comprehension.

All your other investments you've conceded have failed and I think I can see why you're down to your last chance saloon... it's one thing making a bad investment (We've all done that) but not recognising basic errors, poor decisions and an utter shambles of an update is just blinkered. You often like to tell us that you have a high IQ but it appears that you have zero common sense to go along with it.

If this bunch of clowns don't pull their collective fingers out make no mistake this whole exasperating enterprise could implode, that is definitely a real risk whether you recognise it or not.

Bots you really need to get over yourself. If you think for one minute that you've 'educated' anyone here you're very much mistaken. I'm sure everyone (barring perhaps Brad) recognised there were issues here. For God's sake man I've said it many times myself over the years, about endless delays, lack of transparency, constant shifting of strategies etc. etc. as has Winni and a few others at various times.

The difference between all of us and you is that although we recognised there were issues we didn't feel the need to constantly whine and bleat about them day in day out, year after year ad nauseum!

That gets us nowhere and when you then actually just start actively fantasising worst case scenarios as you've done on many occasions well that just makes people switch off entirely.

Maybe we could all have had a proper grown up conversation here if you'd been a bit more honest with your intentions and the actual real issues rather than much of the 5h1te you dreamt up to try and frighten people with.

The fact you're now revelling in all this just shows you up for what you truly are. You could have contributed some meaningful thoughts but you chose to just try and wind people up and then wonder why no one wants to play with you.

So don't kid yourself that you're the only one that called this right pal coz 99% of your fear mongering didn't come to pass. We all recognised there were problems, for Christ sake the shareprice tells us that! We instead chose to back the company and own our investment, something you've never been able to do!

The need to improve gas flows Brad is to prove to the market that they actually have a viable business model after a decade! At the present moment that seems in doubt!

We haven't had great gas flows for all that time and look how slow progress has been. Please spare us another lecture about Covid, Sekaname and all the rest of it as we've all heard it a million times. Every company on the planet had to deal with Covid and every business faces issues!

The facts are we haven't had good solid sustainable gas flows and that is both a problem and a problem of perception wrt the market especially in such a cash intensive business prior to revenue. If investors had been told years ago the gas is flowing strong and steady do you seriously believe we would still be where we are today? I can guarantee you we wouldn't!

For several years we weren't told flow rates and I assumed this was 'shrewd' TG wanting to maintain a competitive advantage keeping the figures under wraps but no, the truth was the whole geology was completely different to what he'd encountered in Australia and dewatering was gonna take years and face issues with the pumps getting choked up from fines. Another thing he hadn't anticipated!

So what did the company do? Come clean with us? No. They continued to peddle the lie that everything was fine and first revenue was just around the next corner, just another month away. The connection was 90% complete not mentioning that they had no cash for 100% complete!

Then we come to funding another lie. "Funding won't be an issue". "Fickle UK investors were the problem", "Kala are now funding us so everything's alright" this company just doesn't know when to stop bu115h1tt1ng it's investors!

"Two generators have been ordered and will be here and connected by end of the month/quarter/year" "Generators faced serious delays" "We now need to look elsewhere for funds" it never stops one lie after another and now with that last update it's all caught up with them. Still no strong sustainable gas flows, still no grid connection, just now beginning to connect up and then commission the generators, barely any money left to keep us solvent (if it weren't for the known large investors we'd have gone under nothing shrewd about that. And the cherry on top of all this Kala seem to only want to fund their computer data side of the business not our grid connection side as we were led to believe with several triumphant announcements.

If you still see this as all positive Brad then you're a better man than me. I'm disillusioned and pi55ed off with these clowns. Only now bringing in an expert to tell them why they have failed for a decade. What a joke.