Member Info for Oilandga

Management making absolutely sure we don’t run out of cash during the most important six months in the company’s history. 207m shares is still very small but we’re in a very strong financial position now.

GLA

Just a matter of time before we see heavy equipment, mobilisation updates, rig movement and site photos, at which point the valuation discussion changes materially. The price will have moved on significantly.

GLA

Nice summary Onlyprofit. The question is what will they do with all that money?! There clearly was a need to raise at pace, which points to Mt Winter (or have they been eyeing up a new project??) .. good time to be a holder!

TR1 surely?

Scramble to get in?! Lol

I think any day now.. let’s see

I’ve topped up. Hopefully finish blue today.. volume is there so there’s a chance. GLA

Good volume again today, hopefully churn almost done :)

The free float really is very small here, and that will propel the rise even more so.

GLA

Yes, you’re right, my milestones were for Hussar only. Mt Winter is not even factored in. I’ve not even started thinking about Mt Winter just yet, the mind boggles!!.. As many have said already, it could really be a case of pick a number between 50p to 75p - before we get to flow testing Hussar, and if its commercial, £2-£5?! I wouldn’t bet against it!

GLA

Nice post Shafaq.

What comes next? Here are several key milestones, in a news rich period:

June 2026

• Technical team and Aztech inspections

• Final site preparation

• Compliance checks

• Water well works

Q3 2026

• Rig mobilisation

• Hussar re-entry

• Deepening towards the subsalt targets

• Logging and gas analysis

Then

• Gas shows

• Flow testing

• Commercial assessment

I’m hoping they’ll have a good understanding by end of Aug / early September. To your point Shafaq, £10m mcap is cheap, fill your boots!

GLA

Bid creeping up!

There’s only one mug punter, and that’s you.. now p!ss off you twit

Grime to move on buried treasure :)

So on reflection, a week ago we hit 8p, in between we’ve secured some capital through warrants, and now published accounts so no suspension, I think we may hit 7-8p over the next couple of trading sessions.. GLA

Excellent!

Timelines.. we are progressing nicely

• Funding framework secured

• Harlequin structured funding announced

• “Up to US$25m” referenced

• Rig contract executed

• Ensign 970 drilling rig contracted

• Q3 2026 drilling target maintained

• Pre-drill civil works beginning

• Access roads

• Airstrip repairs

• Drill pad preparation

• Accommodation/camp setup

• Water supply works

• Site inspections and operational preparation

• Technical teams travelling to site

• Compliance and mobilisation planning

• Rig mobilisation (not yet confirmed)

• Heavy equipment transport

• Rig movement toward site

• Rig physically arrives on site (not yet confirmed)

• Major derisking milestone

• Usually attracts speculative market attention

• Spud / drilling commencement

• Hussar re-entry begins

• Deepening toward ~3,200m

• Drilling and gas shows

• Logging

• Mud gas analysis

• Helium/hydrogen indications possible during drilling

• Flow testing

• Critical commerciality stage

• Determines pressure and sustained flow potential

• Commercial assessment

• Recoverability

• Processing economics

• Infrastructure viability

• Potential development pathway

8p by lunchtime:)

For anyone wanting in after accounts we hear you. Please return then :)

So the story is now less: “Will they ever drill?”

and more “Can they execute the drill successfully and hit commercial helium/hydrogen/gas?”.

GLA

Clearly many didn’t expect that RNS today and probably kicking themselves as they might be locked out early doors. You’ll have to join the train at 7p+.. mega day inbound I reckon

GLA