Member Info for panman

Says the poster who ploughed his cash into ENET at .77 lol

Hope it rises and you get your profit over there Fonzi just won't think of your calls as any better than any of ours if you don't mind?

Agree its intangible and don't know what will happen over ZEN's statement but as a previous holder in AAOG would say they were pretty much worth the £30M at the time. They had a decent opportunity with that well til SMP struck.

Given that all that happened gave ZEN the chance to pick the co. up for a song though maybe it should be AAOG and/or its holders that should sue SMP for that?

Sure we'll find out soon enough anyway.

Re SMP aren't they French and the court case is being held in France not Congo too?

"SMP (Société de Maintenance Pétrolière) is a French onshore drilling contractor operating in the oil & gas and geothermal industry. Established in 1998, SMP employs today over 320 people in France, 150 people in Gabon and up to 40 people in Kenya. SMP Headquarters are located in Château-Renard, one hundred thirty kilometers south of Paris (France). SMP has two operational bases in France (Château-Renard and Pau), one in Gabon (Port Gentil) and one in Kenya (Nairobi). SMP has recently acquired interests in a fully renovated training center (EFF Drilling School) equipped with one rig and two simulators"

Thats ok Gareth, you're welcome to your opinion. Its what makes a market.

Thought this a funny statement at the end...

"it should be underlined for the sake of historical record that the fate of AAOG, a company once commanding a market valuation of circa £30 million and having AAOGC as its sole asset, was impacted in a determining way by these failures.

We are hopeful that the Court will recognise the scale of the damages suffered by AAOGC".

Sounds like they want more than the $9M odd they want compensation for the destruction of a £30M co. as well. Ups the anti a bit imho.

Re "no news for months" should we expect them to RNS when the gas samples results come back?

Thanks ihavenoclue, appreciated and from what I've read recently they're spot on re natural hydrogen too as green hydrogen isn't as easy as they thought.

If clink needs fracking not the end of the world imho, its US and they don't mind.

This reads well though..

"Subject to the Company acquiring Weil #1, the Company will have two production wells drilled and a third production well planned for April 2025. The Company will be set to begin commercial production from the Rudyard field and self-finance organic growth with additional production wells targeting Net Revenue of $115 - $220 million over 12.5-year life of field and peak sustained post-tax cash flow of $15-25 million per year."

Are they saying they'll soon have 3 wells producing $4M/yr apiece? If so happy days ahead I'd of thought?

Thats £375M UKP. Seems a bit of an anomaly esp given Codenfy's positive reception?

One heck of a market Trumps tariff's have brought about then.

Haven't seen this interview with Zak here from what appears to be just a few weeks back? Hope I haven't just missed the post again.

Gave a good interview and sounds extremely positive for 2025 imo.

https://www.youtube.com/watch?v=rhF4N4FITfQ

Believe the news is saying yes they did pay for a study on something they already know as they've done their own reports/studies just with the misinformation the EU spread about their tech they needed more than their own word to convince prospective customers/Gov bodies etc.

Went looking for the Zeus note. Didn't find it but did find a piece confirming the corruption of the EU's position.

https://iowaclimate.org/2025/02/25/the-european-commission-faces-its-biggest-scandal-in-20-years/

All down to one corrupt mans influence and his use NGO's.

Can see why the EU went so nuts on Georgia's new law insisting that foreign owned NGO's come clean on who's funding them and why Georgia had to do it. (imho of course)

Good to have this one come out. Only look in every so often as well aware the EU did all they could to stymy the co's progress with what I always considered to be false findings.

Hopefully co now has enough proven data to smash through the effect their bull had on sales.

It could just be that the markets concerned re the mixed messages on dilution. Pretty sure these claimed not so long ago that so long as TTF stayed above 31 euros they were financed for drilling without dilution?

Message seems to have changed now even though TTF hit nearly 60 euro's?

Seems odd and 2nd biggest reason I haven't bought back(markets are no 1) wonder if others are the same?

Re investments Andrea did state in this interview..

https://www.youtube.com/watch?v=OV-Zj_Q4Ksg

that they were already looking for oil/gas investments. He stated they wouldn't look to use the funds from the latest raise but would instead look to some form of leverage acquisition finance if he found anything promising.

On the downside he mentioned buying gas assets in the UK too which with Starmer in power would presumably and quite rightly crash the sp so hopefully that won't happen but should be recognized as a risk all the same imo.

Well on the bright side at least they're drilling in the US so no worries about tariffs.

That makes some sense imo. They were issued at 1.05p so they could sell at these levels without real loss.

Could be they just want out the market rather than the share too.

I wouldn't be surprised to see a drop for a while based on their statements of lower grades/production for a while?

If they're looking forward to grades of 1.1g then what grades are they processing now?

Might also explain the selling down here whilst gold flies.

"Lower-than-expected ore grades in the final stages of the Pit 2 of operations, which is nearing the limits of the oxide ore, are currently impacting final gold production volumes, however operations will shortly be re-entering the higher grade Pit 1, which was placed on hold in 2023 due to the now completed relocation of a stream. As such, mining operations will re-commence in Pit 1 within a month, where expected grades are 1-1.2 g/t, "

Thanks TYB. Understand he can't say much but he sounds very confident and pretty sure his look at my face comment was his way of telling peeps its gone well at the courts.

Can if you get it right. I'm still holding my 8.3p "traders." lol

ATB for a good day all.