Member Info for Newuncle

I see this buyer from yesterday has just sold at a loss, why do they do it if they can't beyond just a day?

0.18 1328472 BUY

0.14 1328472 SELL

0.16

0.18

11:46:58 1,328,472

Any views on the ESGY element here?

Globalvision will take over all creditors that existed in Texas leaving Pennpetro completely free of any financial obligations associated with Texas.

Also, as part of the transaction, and very importantly on the lithium and gas front, the HOT set out arrangements with Globalvision to acquire 50% of Nobel Petroleum LLC ("NPLLC") for a 50/50 Joint Venture ("JV") where the parties seek to assess the scope for developing gas production from the AMI with ESGY Energy Inc ("ESGY"), and also importantly to assess the potential to produce lithium from any well in the AMI over the life of the project term. Pennpetro announced the ESGY transaction back in on November 2022.

That ESGY deal provided for Nobel selecting the Commitment Wells from ESGY's inventory of more than 300 shallow gas prospects, further defined as those seismic anomalies identified from a major Exxon 2-D seismic dataset in the north Houston salt dome and adjoining counties of Texas, as well as Rapides Parish and adjoining parishes of Louisiana. Nobel could further select an additional twenty-eight shallow gas prospects ("Highgraded Prospects") in which Nobel would be granted a Right of First Refusal ("ROFR") by ESGY. Upon fulfilling its obligations by the drilling of the Commitment Wells, Nobel would earn the Right of First Refusal ("ROFR") with respect to the Highgraded Prospects and an additional right to participate in other like prospects, under the same participation terms as the Commitment Wells, within the East Texas Shallow Gas Play Area on the same terms and conditions as agreed between the parties relative to the first thirty prospects.

https://esgenergyinc.com/clean-energy-2/

MyIPA

Much better, thanks

I see Mr 10,256 is busy buying today...anyone here perhaps?

Guys,

Please ease up on the personal attacks, not needed. People can have genuine concerns and post them as well as super positive views. Lets try and play nice at least while we wait for DL and Tom to release an update.

Couple of late small buys fwiw

I recommended it fwiw

Lots and lots and lots of this stuff please 🛢🛢🛢🛢🛢🛢

I love the way the filthy cat jumps up and down shouting it's not fair everyone is picking on me after he comes on making stupid comments and throwing his hand grenade into the BB here. For Fox sake if he wants to be taken seriously he really must try harder or better still stay over at HE1 where he really wants to be anyway.

Put it all into SCGL!!!

I've sold out, taken profits.

Whinge Whinge Whinge

Ace,

Can you lend me £50k so I can top up please?

I have sold everything I have, borrowed money from the bank and maxed out credit cards and bought in to this on the back of investace clearly 100% reliable and truthful posts all over LSE today...I'm gonna be a millionaire next week

That was for 6 months fwiw, not a whole year.

I think maybe Rob-50 is on a wind up here, I mean surely he cannot really be that stressed out?

Oh dear, someone needs to neuter this fecking cat

MyIPA,

Good post.

I would add though re messaging, PPP or J&J or GlobalVision could post on "X" (formerly Twitter) with info and that PPP could also use the Reach RNS option for any non-material updates.

Horse Hill Farm-in

Post the end of the 31 September 2023 reporting period, Pennpetro) announced that it has agreed to extend the binding Horse Hill farm-in term sheet ("Agreement") with UKOG (137/246) Ltd and Horse Hill Developments Ltd ("HHDL"), both subsidiaries of UK Oil & Gas plc (collectively "UKOG") until 30 June 2024.

The Horse Hill Oil Field ("Horse Hill"), located about 2 km north of Gatwick airport.

The Agreement, as originally announced on 28 March 2023, enables PPP to farm-in to the Horse Hill Oil Field on an incremental production only basis via funding 100% of the acquisition of a twelve square km 3D seismic survey and the drilling of the next crestal infill production well, designated as HH-3.

The Agreement's binding farm-in terms, which are subject to certain conditions as outlined below, cover the drilling of a new crestal infill well, designated Horse Hill-3 ("HH-3"), to be spudded after the completion of a Pennpetro funded high-definition 3D seismic survey. On completion of HH-3, Pennpetro will receive a 49% share of all production derived from Horse Hill-3 and future wells plus a 49% interest in the Licences. UKOG's subsidiaries will retain their current interests in all oil production from Horse Hill-1 ("HH-1") and HHDL will remain as the named Licence operator.

Affrm,

I can Kong's point. Companies can still provide operational updates whilst their shares are suspended and we have not seen any updates on drilling hence a perfect legit matter to raise as to why not?

Could be any number of reasons and drilling works might be happening as we speak, just seems odd to have nothing out there on the subject is all.