Member Info for NewKOTB

Sekforde,

What's the breakdown of Enquest's tax losses and the value of each please. TIA

"Its a Sea of Blue.."

Sorry, but it's not all one way, we STILL have our persistent seller, although its having problem containing the buying atm, could be its starting to run out of firepower !

One thing is for sure without this seller that's been highly active, day in day out ( for some unknown reason) since announcement of farm-out we would comfortably be in double figures now.

aimo & dyor

Tell me when we are back up 100% to 6.5p, so repairing the damage that our poorly constructed RNS managed to achieve.

aimo & dyor

SF69,

"If only AP gave a vague RNS like ENOG or took the chance to highlight the remaining opportunities within the planned drilling program but he didn’t. It was a short and not so sweet RNS .."

Bang on. It's not as if we released the RNS at 7am the same time as ENOG, in fact AP could have C&P ENOG RNS, instead he took it upon himself to, as the CEO stated in the audio recoding, "CHARIOT GAVE A MUCH MORE DETAILED RNS THAN US". There was no need at all for the RNS to state P&A, it was not a solo drill with single target, although AP made it sound as if all hope was lost. Poor, really poor RNS afaic. ENOG played by the RNS rules, AP decided to extend them, why ?

aimo & dyor

Https://www.investormeetcompany.com/meetings/half-year-results-75

atb

LW,

"Does it justify his comments that it won't be a major development"

Did CEO actually say that, it has already been established that the article you are referring to is dubious at best for accuracy. Why are you so persistent in talking this down. .

Transcript of CEO audio link posted by myoung :

" the end of the day the commerciality or not of a development depends on the gas price that is available for the development, so there is gas there as we are saying on the RNS not as much as we hoped or as we expected but the commerciality or not will depend very much on the type of development and the negotiations we will have to have with the Moroccan government about gas prices so I think it's early days I will not comment any further i think its only appropriate to wait for operation to finish then of course we will update the market as we should today we gave everybody a head ups based on what we have seen so far, but it's early days and we have to finish the work first "

https://drive.google.com/file/d/1M6WvdNz75s72l3NdVwu4kGNgNVHyP-M0/view?usp=drivesdk

So, CEO stated gas was there and that the type of development would depend upon the gas price agreement with Morocco (no different to anywhere else in the world), in other words he intends to develop it and I'm sure the Moroccan govt will play ball, they are in desperate need of their own gas supply at lower prices than current imports from Spain. Remember too, we intend to supply Europe so not all hinges on local markets. As investors we have no idea of the gas price require to make this commercial on volumes found, which btw have yet to be drilled and proved up, as CEO stated, "it's early days". Of course the lower the field volume the higher the price of gas is required. For me that's the game being played by Energean atm, with laying the ground and expectations for negotiations.

AIM is like a being in a minefield, blindfolded with only a hammer to find you way out.

aimo & dyor

"ENOG arguably shouldn't be making any comments about commerciality and how much gas there is, when they are mid drill..."

Must remember ENOG are now the operator and as such are the only point of contact for pricing of gas negotiations and by association the type of development, so as I mentioned, ENOG are laying the ground for price discussions something CHAR will have no involvement in. CHAR are nothing more than a spectator in this matter as we gave up that right on farm-out.

aimo & dyor

"Anchois is only commercially viable dependent on getting a special gas price.."

Wrong, he stated the TYPE OF DEVELOPMENT would depend upon the gas price, not if it's commercial or not. The "commerciality or not would depend upon the gas price" as all development are around the world, Energean are laying the ground for discussion with gov imo.

Thanks again to myoung for the audio link :

https://drive.google.com/file/d/1M6WvdNz75s72l3NdVwu4kGNgNVHyP-M0/view?usp=drivesdk

aimo & dyor

aimo & dyor

"It would be a much bigger development if that fault section were full of gas. Unfortunately it wasn’t and maybe that’s what he was referring to..."

Exactly, that's how I read the audio too, also he stated gas was there and that the type of development would depend upon the gas price agreement with Morocco, other words he intend to develop it and I'm sure the Moroccan govt will play ball, they are in desperate need of their own gas supply at lower prices than current imports from Spain. Remember too, we intend to supply Europe so not all hinges on local markets.

Thanks again to myoung for the audio link :

https://drive.google.com/file/d/1M6WvdNz75s72l3NdVwu4kGNgNVHyP-M0/view?usp=drivesdk

aimo & dyor

Myoung,

Thanks, think that puts the article to bed .... misquoted, simple or creative reporting, take your pick

Based in Lagos .... says it all afaic

"I think the statement from Rigas is the problem.."

Is this quoted anywhere else as i cant find it, as I said NO AUTHOR has put their name to this report, all other articles on their site has.

As I mentioned there in NO AUTHOR, every other article on their site has, is this a legit report !

As I mentioned there in NO AUTHOR, every other article on their site has, is this a legit report !

There is no author ....

Link please ... thanks

Where can Chief executive (Mathios Rigas) statement for concern be found !

... with RNS

"EIG asset management and Mexican millionaire...both have reduced their position by almost half last week??..."

Really, you need to ask, please do some research on what happens when the share capital increases (particularly in this case regarding the WD deal) and its impact on existing pre-deal holders percentage and thus rules that require disclosure thereafter.

aimo & dyor

Gardie,

"But surely if any of them were moving their shares around then that would have to be reported via an RNS (with a delay)?.."

Yep, rule state it must be reported withing days of the threshold being crossed, thresholds vary depending upon issuer so could be in multiples of 5%. Unfortunately AA has a track record of reporting late, very late, Rules, what Rules !!

As for what was discussed in the approach, no one knows and we would never of known if it wasn't for a slip of the tongue under live Q&A session when asked a direct question and AP was apparently caught off-guard.

AIMO & DYOR