Member Info for NewKOTB

Thebold , take a look at what happened in and around the tailwind transaction, maybe that might explain the glass half empty. Atb

Are Jefferies expecting dilution on next deal, as that's quite a drop, circa ~15% given nothing has changed. For me any dilution, if at all, will be minimal given Mercuria will want to retain their blocking vote holding percentage. What was Jefferies rationale ?

aimo & dyor

Hi TheBold,

Interested why you think SQZ offers better home right now for your £145k than CHAR. I'm in both atm and although CHAR duster was a real surprise ( to say the least), given known knowns I would find it hard to drop that much into SQZ right now. Yes, SQZ are almost certain to announce an acquisition soon, but at what cost, if our SP goes the way post TW many holders will not be happy bunnies.

aimo & dyor

Abysmal result from what was supposed to be as close to a 'slam-dunk' as you can get, 80-85% drill success rate in this basin. Our geo team and mgt have some real questions to answer, even SDX outfit can hit pay !!

Our board will HAVE to announce any material approach/offer this time around should it come even if they reject it as it will bound to be >100% of current SP, that type of premium should not and can not be brushed under the carpet.

Askar will be loading up for sure on this result.....

T/O to come to an AIM company near you shortly !!

PS, I don't expect the SP to bounce as whoever has been 'managing' our SP will be more than happy to manage it at current SP or worst still, even lower.

PPS Question, do our our board have a vested interest in a supressed SP, I sincerely hope not ?

Absolutely AIMO & DYOR

The basin containing our acreage has a "high historic success rate of 80-85%.." of drill results, think CHAR have done their bit to lower that.

Next drill results in a month will allow the t/o to complete with minimal of resistance, 15-18p and to finalise transaction well before offshore gets underway. This is AIM !!!

aimo & dyor

Well result by design or poor mgt !

Door now wide open for t/o ...

AIMO & DYOR

Back to the good old days ..... ffs

Our Phoenix Filly has poked her head out of the stable door, sniffing the fresh clean air and thinking...... about time I went for a little canter, just need the bl**dy bolt taken off.

aimo & dyor

About time our Phoenix Filly left her stables and went on a little canter...

aimo & dyor

Hopefully the first drill is successful, it will only make the share price rise….

Exciting times

Why feel the need to state, "experience as a non-executive director of both private equity...." !!

See during DD either TB or DARK's people found an oversight, hence RNS ..... lol

Doubly Perversely, anyone with significant hedging would make a shedload of profit which would then raise calls to have another windfall tax at even more punitive rates, so on and so forth, ever decreasing circles !!! ... lol

In reality though, we will never, ever meet the criteria for removal of windfall tax (EPL) imo.

aimo & dyor

Now think about the 'structure' of the Anchois DEAL, ....

Now think about the 'structure' of the Anchois and timing of the Loukos award/placing in the context of a buyout. Nothing to add other than the way our SP has been managed since the deal is weird and speaks for itself imo.

aimo & dyor

Exactamundo part two !

LW,

Wait for Loukos, most definitely as for Anchois not a chance, a move will be made before.

For circa £250m (~25p/s) the sum of the part will far outweigh the t/o price imo.

aimo & dyor

Ianfer,

Exactamundo ... although I also think the approach was real and this is what spurred things along.

atb

aimo & dyor

Indeed, Mubadala website states, "Discovery with potential for over 6 TCF of gas-in-place marks a major development for the Southeast Asia energy landscape...."

Snott,

This is AIM remember.

I expressed my thoughts on who the ‘consortium’ maybe a few weeks ago, but yes, a T/O with such a lot to offer in terms of both off and onshore plays and a respected partner too has to be in the running now, esp after we have already had an approach that was rebuffed.

aimo & dyor