Member Info for panda1

Fantastic news today for BSFA to be partnering with such a large company.

It should lead to a big recovery in the share price

If you look towards the end of the farmout RNS it was already confirmed that the holding would be increased to 25.33% after the shares were granted at 0.027p

These are the shares given to Jeremy (via Pegasus) as part of the farmout deal

It looks like the arbitration award will be paid out now so well done to those that stuck with it.

It will also be interesting to get some details about the project that is being offered to the company

I think it's more likely the company will be looking to get a placing away to raise funds for drilling

It's a shame the significant contract from the Middle East has been delayed as the results would have looked much better if it was included. It's good that EBITDA was still in line with expectations and they are still expecting to achieve cashflow breakeven this year. Hopefully the contract will be announced this quarter as expected and perhaps we'll also see some more announced like last year.

The new CEO did a great job of scaring shareholders into accepting the takeover.

Some people were so scared they sold at a 50% discount to the offer price after commercial production was announced at Kouroussa

The share price hit 2.37p a couple of months ago when the extension for TheoremRX was announced, with VAL receiving 0.5% of the company as payment for the extension

Fantastic news!!!

It should be a busy day tomorrow 😉

I think the risk v reward looks very good at such a low market cap.

I've been impressed with Mark and think he will get the share price back on track. He seems more entrepreneurial than the previous CEOs and it's good to see he's now holding over 6% of the company

Took them a long time to get the RNS out but looks like the takeover is very likely to proceed now

The resolutions were passed so it's very likely the takeover will be finalised.

Obviously Nioko was already aware of all the latest trading/production information prior to it making the firm offer

Great to see such a positive start to the work programme. Hopefully, this will be a catalyst for the share price to move up to a more sensible level given the amount Selan are investing in the programme.

This Google & Samsung collaboration over an Android VR platform sounds very positive for the industry and should boost wider adoption of VR/ AR https://blog.google/products/android/android-xr/

Android revolutionised mobile technology and should do the same for VR which is excellent news for the likes of EXR

https://blog.google/products/android/android-xr/

Oh dear!!!

The broker offer of £250k was taken up in full so the total amount raise was £1,573,000. I think it was only offered to existing shareholders

Now the rig is on site we can look forward to lots of newsflow from the $20million work programme

The interim accounts showed trade and other payables of $1.549million so the receipt of funds is only going to partially reduce the amount owed

The market cap looks ridiculously low given the company has 2 assets that have had positive clinical trials. If the new CEO can monetise them people could see a return of many multiples of the current share price

It looks like UOG could be one of the next companies to delist from AIM to save on the listing costs and professional fees as it needs to reduce cashburn. I suspect that's why people are selling as it's unlikely the company would be able to get another placing away