Member Info for ObsCure

"Etana's founding shareholders are H1 Holdings, a black-owned investment company". Chariot has 49% so you can stop panicking.

"What's the point in reading old news?" A drowning man will grasp at straws, and we(myself including) are proverbially sinking with the SP.

The SP keeps sinking and the hottest discussion on here is debating the mystery of Harry.

What a f*cking sh*t show.

Honestly I am not holding my breath. BODs seemingly not fussed about the SP going down the gutter with their continued silence. Starting to think that we won't hear anything until March when the quarterly reports drop.

Hope I'm wrong.

Speaking of Power. Seeing as Chariot holds 49% of Etana. Does that company make any money for us?

Sorry if it's a stupid question, but was trying to find information online but only came up with that one article which said that it's valued at $30mil.

I wonder if Power and Loukos news will be enough to offset Anchois update which I'm starting to think won't be pretty.

Looking at Energeans Trading Statement and Operation update for January, there is no mention of Morocco. And if I'm reading and understanding this right: "Minimal 2025 exploration expenditure of $0-5 million as prospects for potential 2026 drilling continue to be matured" there won't be anything happening there this year if ever as far as Energean is concerned.

Anyways, still holding and hoping for the best.

SP keeps going down and crickets from the BOD. Going to be grim few months if it continues like this.

I'm hanging in there, not much else to do. On IG(where I trade) the tangible book value per share is 6p.

This was posted before but in case anyone's missed it.

"Sum-of-the-parts valuation is four times the current share price, and there are potential catalysts on the horizon"

"Foucaud values the South African business (Etana and Tharisa) at $30mn (2p per share), but notes “this might prove too conservative.”

"He attributes the same valuation to the company’s Anchois gas project in Morocco and has applied a $44mn risked valuation (3p per share) to the Dartois onshore prospect in the country based on 15 per cent and 65 per cent chance of success, respectively. Auctus’ unrisked SOTP valuation of 40p per share is materially higher."

"Importantly, the £22.8mn market capitalisation company is not in a distressed position, having raised £7mn in a placing and opening offer in August 2024."

https://www.investorschronicle.co.uk/content/de98b8e1-f465-54a0-bc5c-0ea8b844d81c

"Gas from Africa - Europe's search for new suppliers"

Thought some might be interested.

https://youtu.be/8z3FayJS8BM?si=p1eQYT48zPolQTiQ

I hope for all our sakes you are right and we can climb out of this hole somehow.

Just bought some shares. On here, my trade showed up as a sell. Noticed that a few times now. Go figure 🤷

It's always been 8:00. It's trading now.

"This market is currently unavailable to trade at this time"... That's always a good sign.. FML.

Well that was an exiting read 🙄

It showed up today. IG doesn't give much details just saying it's 98% long and 2% short. It was 100% long yesterday.

2% short showing on IG

I figured it out. To get the SP going up all I need to do is sell some shares. The minute I do that the SP shoots up like a 🚀. FML 🙃

Take it it's safe to say no news today

Make it 6p and I'll be happy 😅