Member Info for oilriches

Not factual at all fubarabirth. I sold as the oil price collapsed together with the share price. No rinse here as liquidity is drying up and a hell of a lot of people that will want out. Not interested in buying at these levels without activity. Clearly Greg bandy’s partner made her money on Alaska. Held 3.5% of the share capital and quickly sold down after the placing pushed the holding under 3%

Gatto - cash is not running out fast, fact is they don’t have enough cash for any further activity. Look at Greg Bandy and his record. 2012 was puntland, Phillipines mid 2015, Alaska 2019....The trend is clear that its every 3.5 years they do something. Upcoming costs are clear (1) general G & A (2) Phillipines spend of $700k by the consortium in the next 12 months. (3) fees need paying per acres per year to lease the block. The history normally tells the actions in the future, both puntland and Somalia were relinquished and I’m pretty sure phillipines and Alaska will be in due course. What I am trying to say is expect nothing here for the next 18months. The odds is that bandy will move this company to a new sector altogether now. GL

- weshop 1.71% valued at cost of £450,000
- Brandshield 9% holding with $300,000 covertable loan. Cost £1.2m
- Kalahari key 22% holding. Value on last placing £350,000
- 40% in Mali, Niger unknown valuation in this sector, based on Kod deal £1m valuation
- IGS 30% holding £300,000
- ABM value £60,000
- Cash £350,000
Total minimum value should be £3.71m, equivalent to 0.19p
Pretty sure weshop and brandshield is worth much more than stated.

Hi mate. Not touching this mate or not at the moment anyway. SC55 requires some spend and the Alaska lease renewal is due later this year. Bandy has messed up and forgot about the strong cash position and the corporate costs are higher now with the new ceo. Nothing happening in 2019 here

That’s aussie dollars and not USA. Cash much lower than u think

Cannot be much stock left below 0.13. Likely to move north soon

With £3m in the bank with the bond return, it’s hard not to see this going well below cash levels. I think this will probably drift to 0.4s over the coming months as reality sets in that nothing is set to happen in the short term

http://bit.ly/2TUTb7H

(1) RMP will not drill another well in Alaska
(2) Any future ventures will need capital raises
(3) Based on 3 years for Phillipines and 3.5 years for Alaska, I wouldn’t expect anything until 2022.
(4)This might just be the end for oil and gas for Rmp and move into different sector
(5) expect price to go sub 0.5p in the near term

Check last quarterly accounts it states expected spend this quarter

They only have £2.3m in the bank now

Poor show from Greg Bandy again. For the first time RMP don’t have a strong cash balance and looking at the last quarterly accounts they will have about £2.3m left. Alaska and phillipines will continue to cost money to maintain licences and now they don’t have the funds for any future ventures without heavy dilution....I have no doubt that the sp will fall under cash levels in the next month and another 4 year wait for activity

Strongman. The recent placing only covers the funds to finish off 103. Another placing is imminent in the next month....you say mengo derisks this? Let’s hope u are correct but mengo has not even been tested....if djeno falls they will be raising at 5p.remember they don’t even have funds to test R1, mengo and a duster in djeno will smash the sp

These grades would get significantly better with deeper drilling “Sahara noted that lithium pegmatites are often leached at surface and return significantly lower grades than the pegmatite unit 20 meters below surface“

To pop

1st Tee. It’s not even proven on mengo that the tight sands will produce....fact! R1/R2 is basically uncommercial and mengo is a big technical risk. Even if mengo comes in, it’s only 250bopd net to Aaog. The investment case gets weaker and weaker here. To top you have Sefton at the helm

Why do we have no 2d or 3D ? They don’t have a clue what the geological modal is

Here now. Don’t believe rumours but this board has a CV of messing up. Solo looks like a decent play fjones

Hope things work out for you Bermondsey. Markets have been shit in 2018. Mxo have an oil asset that requires significant funding going forward, that’s the concern

Tip top the first horizon is meaningless. It’s been a battle getting 101 and 102 on. The board have killed this share