Member Info for Novykluk

Many thanks Offerman, great job!!

I hope the head ache stopped this evening and that you could relax, take a sip (or two) of your favourite tipple, and enjoy the positive and very appreciative feed-back!

Best, NK.

You're right dan
Earliest spud date of IM-1 based of the dates RNS'd is 24th July!

GLTA!

offerman,

I expect you're being modest by sharing your concerns! But I well relate to your comments, as for those of us who don't speak to audiences regularly, it can be a bit daunting in those forums.

I would site a couple of positive points though which you will benefit from;

* You've already met with Leo and established his respect because of your intelligent questions!! And I believe he complimented you!! Also

* It's my experience that when we shareholders do ask him questions, Leo has always been a positive and "supportive" CEO in the way he's reacts and responds!! Contrast that with some pompous CEO's who want to demonstrate just how slick and clever they are!!

* You know you'll only get a positive reaction from Leo and Gordon, which is great and just how it should be IMHO!!

So, the best of luck tomorrow! I'm only very sorry I can't attend!

NK

offerman,

I've read many of your worthwhile Posts of the ADVFN BB during the past year or two. I also recall you had an excellent impromtu meeting and discussion with Leo before one of his presentations several months back. I also recall you've talked (at length?) with Gordon Stein and like me have a high regard for both Leo and Gordon!
As a very well informed long term and genuine shareholder, you therefore have credibility and my respect.

Unfortunately I'm unable to attend Thursday's meeting as I'm away in Europe. So with all of that "big build-up" Sir, will you be so kind as to share the salient points of the meeting on this forum please! That would be most appreciated!!

Regards, and GLTA genuine LTH's.
NK.

I believe AK has invested about £7 million in the company.

Well done Elrico!!
First Pod Cast........pretty good!!

GLTA genuine holders

PDMSPiper,

Just want to record my complete agreement with your spot on comments about the BBC. i.e. "As predicted the BBC put their pro radicalized environmentalist propoganda spin on the West Newton story."
Without wanting to bring politics to this BB (which is still 95% a very decent BB for intelligent comment........well done to you all!), the BBC's handling of the Brexit debate has been equally biased!
Some one (in politics) is eventually going to have to take a "sharp knife" and remove the cancer which has now infected the BBC!!!

Back "On topic". I very much appreciate the excellent and intelligent Posts on this BB! I do hope it stays that way!!
I've met with S&S and am most impressed with these two smart young men! I remain long and strong and will be doing all I can to "add" at this bargain basement price! We who have studied the company's assets and potential, know there's masses more to come!!

GLTA genuine holders.

WhaGwaan, I completely agree!!

Richard Poulden is a great disappointment to me, charming chap thfough he is and of course the largest shareholder!

WSBN has a great business model, but it need energy, focus and hard work to develop it. That doesn't seem to be happening however! I suspect Mr. Poulden is too preoccupied with his many other interests than to be doing a "proper" CEO's job here!!

WSBN has become a "Black Box" so far as news-flow is concerned and one would virtually conclude the company has "died"!

We need a change of leadership here (one with energy, FOCUS and drive) to capitalise on a good pretty good business model!

I'm disappointed to be asking the question, "Is Mr. Poulden's personal shareholding too large for others to oust him?"

GLTA genuine LTH's.

philipy, thank you for that information!
I was unaware of that Tweet!

I note that in 2018 the Q1 Update was a "Business, Operational and Financial Update" and the RNS was issued on 9th April..

I was expecting this Q1 update to be issued on Monday 8th April or certainly by 15th today. As that hasn't happened (yet), what can one read in to that? Apart perhaps from me being an idjot for my lousy reading of the situation :-)).

Well by the 15th of the month one could reasonable expect both the "Operational" and "Financial" content (numbers) to be known. So does that imply that the "delay" is occasioned by the need to get a "deal" over the line? i.e. The "Business" element of the RNS is not yet fully in place?

Thoughts?

Hi Kalan - Good to hear back from you and thanks for your as always, very interesting views!!

First re: SAVP:
Yes, like you I'm aware of Brokers' price targets between 60p (Mirabau - August 2018 before the improved SE deal terms!) and 73p (Shore Capital I think).
I also share your view of a 50p minimum price upon completion of the SE deal. Though perhaps I'm being naive [that has been known from time to time :-))] in not sharing your assessment of the risk that the deal won't go through. I've concluded it's "when, not if". I also note in the last RNS that hopefully a safe time frame has now been quoted for completion. i.e. by end of Q2.
Looking further out to the earnings estimated by Shore Capital for 2020 (assuming of course the deal has completed), then a price of between 70p and 93p is implied based on an EPS of 9.2p. I couldn't establish what oil price was used in their estimate for 2020, but it was published in January 2019 when Oil prices were depressed.

Second re: JLP, WRES and SAVP
Very interesting to get your take on their relative risks!!
Because of my confidence the SE deal will complete, I see SAVP as least risk and JLP always as high risk. Colin and Leon have never yet delivered in my view. Though I do agree Leon's doing remarkable things now and performance is certainly on the up!!! Hence my own renewed interest!
Out of courtesy to other readers I'll not continue our JLP exchange here, but I'll look-in on the LSE JLP BB as I see unsurprisingly you Post there too.

Thanks for the heads-up on WRES. I've always been mindful it has potential, but never studied. I haven't looked at it yet but plan to do so.

Third re: Other stocks with high potential IMHO.
Columbus Energy (CERP) - Anticipation building as Q1 Operations report is due in the next day or so. I expected it on Monday.
Reabold Resources (RBD) - Functions almost as an Investment Fund which is not a positive IMO. But has massive upside potential from current and imminent Drill prospects each with very substantial NPV's.
For transparency, these two stocks are among my top holdings.

GLTA

MrMagoo,

Thanks so much for Posting the "Value The Markets" link!!
Whilst there was nothing really new, it was an excellent summary and a clear indication of where I'm confident Leo and his team (we shouldn't overlook Gordon Stein or Tony Hawkins!!) WILL be taking this company!
A great read and a great reminder!

GLTA

Hi Kalan,

A long time since we were both Posting on the Proactive BB for both JLP and SAVP. Pity Proactive ruined that BB by rejigging the format. It was great before they "improved it" by ruining it!!

I've missed reading you regular JLP summaries [blogs :-))] there, but still retain a small holding despite being completely out of touch there. HOWEVER, I know enough to completely endorse you suggestion that PI's take a look at JLP. I plan to re-study and expect to buy back-in in a material way. Leon's doing great things there!!
Apologies to others for this off-topic!! But JLP is well worth a look IMHO.

Regarding SAVP, like you (way back) I bought in "for the thrill of the initial drill"! That was before the shares got suspended for what seemed a life-time!
I've never considered selling though and despite the frustration here (which I can completely understand and share), I continually remind myself that there was significant take-up of SAVP shares by Institutions in the Placing at 35p. There have been no notifications that stock has been sold and I'm certain those Institutional holders are in for the long term and the re-rate!
Three catalysts I see coming by the end of Q2 (could mean before then), are;
(a) Obviously the Severn deal sign-off........still said to be when not if!
(b) Announcement of a farm-in partner for the next drilling campaign in the ARB! and
(c) Announcement of the start of that drilling campaign.

Do you or others have a "forecast", or perhaps more accurately a speculative assessment of the SVAP share price by year end 2019?

I will take your advice and take a look at WRES!

GLTA

Fyoz, yours is a very relevant and realistic Post IMHO. In a risk-off Market environment where a view of, "Show me the money" prevails, I think the scenario/model you outlined is spot on. And frustratingly (but realistically) I agree with your comment, that RBD is "Still a 2-3 year investment for me"!
A good Post!