Member Info for NaPoM

Nothing wrong with digging out the truth that youre a lying muck spreader.

No money, no drill, no assets. Where next Not even worth selling will be carnage on opening but I see no future for rmp? Guess we won’t be seeing the likes of desgsy here. This was your post on RMP board on the 12th March. RNS dropped on the 13th. You never actually sold b4 the drop. Think its you who is telling porkies. Pipe down and stop fooling everyone here.

You ramped it to high heaven b4 it dropped...practice what you preach end of story.

Spike you should have sold when RMP spiked..way overvalued at the time.

Dont take any notice of Spike...he's had a few stinkers himself with FRR and RMP to name a few. Need to practice what you preach.

The Sheikh is after gas according to this:

https://youtu.be/2D6BhAdOQ1M

".....it was regarding energy and how they can help in developing the energy sector in Nigeria, specially in using gas. Mr president welcomed them to the country to explore and to look at the possibilities of investing in Nigeria" says the Minister of Foreign Affairs Geoffrey Onyeama (8th April 19)

@ 16:22:33 0.48p 2,000,000 9,600

136.4m x 5% = 6.82MMBOE to MX Oil. Check Panoro Energy presentation

AJE has 136.4MMBOE certified gross 2P reserves according to Panoro Energy new presentation out today. 136.4m x 5% = 6.82MMBOE to MX Oil.

The highest price paid in the last 12 months will be the minimum offer.

Future - not 100% sure but I think the current ownership arrangement will stay the same but as a trade off PREM gets to keep the $20m loan account and the $6m capital cash injection. The govt will essentially become the JV partner for RHA. Would rather have this opportunity than getting the 90% equity with no cash to develop.

In addition, ATP price is set to rise in the future will increase revenue. The tailings from the underground dev will be higher grade so will increase revenue.

"The initial WO3 production is modelled to amount to 2,700 mtu per month from underground mining and the company will incrementally increase to a steady state of production of 6,000 tonnes in month 14". Based on current ATP price of $277/mtu the revenue per month could be 2700mtu x $277/mtu = $747k per month revenue. Add in potential revenue from tailings which will increase as they dig deeper to reach higher grades of ore. Add in potential revenue from the construction of the decline shaft to increase mining production from 6,000 tonnes to 15,000 tonnes per month. Add in the revenue from rental income for the management contract and processing plant. Add in potential revenue from the tailings from both the underground dev - decline shaft and extension of stopes. Add in the potential revenue from the open pit which could reopen in the future. The $6m PREM is about to receive from the govt will open the door to these revenue streams. It will enable the company to reach to profitable production quicker as it cuts out the capital cost.

Shakespeare Martineau advises companies on reverse takeover

http://www.bqlive.co.uk/healthcare-medical/2017/10/16/news/levrett-plc-acquires-pharmaceutical-company-nuformix-28294/

IMO this is not a change of company name - its a reverse takeover.

Does everyone know that ADM Energy was recently incorporated in Companies House. The director Shaun Zulaqfar is the same person who was recently appointed as secretary for MX Oil. Does this mean that ADM Energy will be a completely new company and not just a change of company name?

MX Oil - https://beta.companieshouse.gov.uk/company/05311866/filing-history?page=1

ADM Energy - https://beta.companieshouse.gov.uk/company/11950514/officers

Superdielectrics MOVE2019 Presentation for those who are interested

https://youtu.be/l-OmfHIl4gs

Current partners of the AJE asset are:

Yinka Folawiyo Petroleum (41.875%)
NewAge (24.06%)
Energy Equity Resources (16.875%)
Panoro Energy (12.19%)
MX Oil (5%)

http://www.newafricanglobalenergy.com/nigeria/

Does anyone think that the other partners of the AJE asset could be looking to sell their stake? According to the CEO of Panoro Energy, AJE is at the bottom of their priority. Link to video interview where he discusses AJE from 36:40 below:

https://www.facebook.com/AXExposure/videos/1007275232995915/

only 38% left in general public