Member Info for Rambo23

I attended to Brent. Very positive. Amsden samples in the lab, results soon, fully funded, possible 5 discoveries before xmas. Amsden next up. Darwin testing ready to commence, planning stimulation for Clink1 Charles and flathead, Darwin is a very big project. 1 well at 2500Mcf/day and 2.5% helium in Amsden production would lead to a pre tax revenue of $11.5m per well per year.....Lots to come here.

Keith re your warrants comment. If you were a warrant holder they are only worth exercising if they were ITM. Currently they are OTM. We have had no confirmation any were exercised on the recent rally into the 30's. Likely because the SP didn't go high enough to cover the liquidity risk of exercising them and then finding out the SP drops as it did.

However big news for example a farmout deal would bring them into play. However that money goes back into the company reducing the funding requirements and a risk of a placing which I don't think would happen if the deal lands soon goes away.

Land the farmout deal which brings decent cash in, SP re-rates hard and supportive shareholders if they so choose can exercise the warrants, if they can or choose to. That isn't a bad outcome but does accept some potential dilution and looks better than a placing.

bt it's called a filter. it removes the noise, you don't have to read the ******.

let's see what happens here. positive egypt news next and i expect the farmout to be agreed.

BT the big difference is a shareholder as skin in the game therefore the outcome matters. It was a simple question so I wouldn't think it would be hard for anyone asked to disclose that. LSE has major problems with bad actors for a variety of reasons as I'm sure you know. I only want to see the SP go up for clarity but I'm equally happy to discuss negative points. However the tell is when negative points factually correct or otherwise are reposted over and over often highlight who is not wanting to see the SP rise. How long you have been on an LSE board is frankly irrelevant. I hope they deliver here.

Jono, No it's not but your motivations are unclear. So what are they? Are you currently a shareholder?

Jono why do you bother posting? You have nothing positive to say it's all glass half empty which suggests you are not a shareholder. Why bother?

Jono, I take your points but the company have circa £500k coming back from Egypt and they have stated intent to do a farmout deal. Obviously until it is done there is risk. Glass is either half full or half empty right. I think they get a deal printed and that removes the funding concern. For a large BP it is opportunity cost....do I want in to a frontier license that is the length of Jamaica, has lots of prospects or do I not. The 500k will be a 5th of our market cap!

Jono, for balance due to the size of the license and the many prospects beyond calibre the first mover advantage of getting involved here will be positive. The core sampling would be mutually beneficial and de-risk things further. It is in everyones interests to get the show on the road now which is why I do think we see a farm out soon. They have various variables they can tweak to make the deal more or less attractive for the farm out party. The show must go on. Egypt news due anytime.

'The Amsden formation, perforated over 87ft from 3,885ft - 3,972ft, delivered highly encouraging results, flowing 4,250 Mcf/d of raw gas on a 30/64" choke. Extended flow testing determined an AOF of up to 8,000 Mcf/d, confirming the Amsden as a strong producer. Gas analysis is underway, and preliminary indications suggest the Amsden is capable of sustained production at commercially viable rates.'

A good listen. I watched this the other week again. When you consider the UOG license covers the entire southern area offshore Jamaica and is the same length as the country it is enormous. See graphic on link for scale!

The Bod have been excellent thus far and we now have to trust in the process. Bo wrote the book on helium and they may have found a hydrogen resource as well. IMO any bad news would have come out by now but if they are doing EWTs taking this long it's because they are testing gas. They will want to confirm a discovery supported by unquestionable data which includes lab verified samples and flow tests. Not unusual to do 10 day EWTs to get solid flow data. With multiple horizons to test there is a lot to get through. I expect we see news soon. The traders piling in on Friday hoping for a Monday RNS are likely leaving today.

Oilyrag - I take your point but if someone offered £3m for the company the BOD wouldn't accept it so that is the first issue for any bidder. The BOD aren't here to give a massive opportunity away for a few million.

It's not unusual for larger companies to farm in, pay some cash and take some equity, CEG just a recent example. This is why I expect a deal like this to be delivered. This is no different.

With £500k coming in from the Egypt deal that buys them time. I expect the BOD to be dealing with multiple parties (as confirmed in the RNS) to get the best deal over the line.

I believe we see a deal soon and that comes with upfront cash and future costs covering commitments. How do you see this playing out for clarity? £3m bid or nothing?

Must be news coming soon. Biggest print in days. In the last RNS they told us 'shortly' on the farm out and equally news on Egypt completion could happen anytime. News rich period. Money coming in from Egypt and then a farm out means no dilution. Win win. I keep reading the CEG RNS and looking at its market cap. No reason a deal structured like that can't happen here.

Myfirstmillion - equally we have not been told the piston core sampling is a dependency for a farmout therefore a deal for one is likely struck soon which covers this. Why? because they have until Jan 2026 for a drill or drop decision anyway. UOG would want a bigger agreement now to de-risk than have to wait for the outcome of the piston coring.

Worth a look at the recent CEG deal terms. They got $12.5m + extras. Their market cap is 4-5 times ours as a result. This is the type of deal we should be aiming for structure wise. Giving large equity away in return nothing less.

That is why AS lost his job...too many issues. I expect the CLN to be dealt with at the most advantageous time ie not at 50p.

CC put Exatecan into the pipeline not AS. She is having to clear up his pet projects. At least she is Mae the changes he would not.

NFT - AS made the business decisions and his record on raising funds speaks for itself. He was never going to sell DX and lose face and hence no action taken. The CLN conveniently kept the SP suppressed time and again meaning raising funds would be easier.... he got mugged and so did we.

CC clearly came in ripped up the last pipeline and now we are seeing the fruits of that. AS had an old list of chemos. We now have the most potent Top1 warhead Exatecan with an improved TX index of 75! This is big stuff. Has anyone done this before? I believe not. We wasted 10's of millions under AS and didn't get far enough. The best thing they can do is send DX on its way asap.

The Bod know they need to deal with the CLN but how about sell DX first get the SP up and then deal with that. We don't want more dilution down here that would be a failure imo. The CLN has been badly handled.

All these issues are resolvable mean time the data increases our value to BP.

Most likely the Farm out partner hence I believe news on this will be announced soon to then crack on early next year. .

NFT if you understand what 6103 is all about and its potential then you will realise the AVCT iceberg just got a lot bigger here. This is massively positive. Aim rarely values anything fairly and Christina knows better than anyone what a huge opportunity she has here with these assets and platform. The pivot to TNBC another massive positive. Thankfully the SP at any given time does not have a direct relationship as to whether the science is solid or not. No one has been able to discredit that. 50p is cheap, the science is amazing. They are selling DX and that only extends the cash runway. I agree there are somethings they could have done better. Onwards and up.

There is no point putting shortly unless there is more to say. Work programme to crack on with in the new year so the Farm out now will happen. Cash from Egypt due to come in anytime and that is also a positive. The calm before the storm.

No idea what the new site is and where but likely US.

Peel Hunt have done nothing for us in over 14 months so adding a new broker wouldn't be a bad idea. I vote Zeus as the owner is also the largest PI AVCT holder = motivation. A another note could be done and AVCT recommended to their clients = win win. Just my IMO