Member Info for Richard1032

Thanks MisterPositive.

Btw, for those new to this share try and find a recording of the last shareholder meeting. It’s pretty lengthy but it contains a lot of valuable information imo. Zaza goes into the geology and explains the long term goals. There is also a 5 minute comedy sketch in there as an added bonus.

I came out of surgery today with this news. Definitely aiding my recovery.

To state the moaning from dirk has ended. That should also raise the SP.

I don’t agree with this statement. Capita don’t need to gain new contracts to sort out the debt they currently have and the debt is why the SP nose dived. By selling some of there assets and consolidating they can control the debt and once this happens I think the SP will rise.

I am no expert so correct me if I am wrong.

We have 57m in current assets (cash and items we can easily turn into cash)
We have 21m in liabilities
Market cap is roughly 120m
So I make the Enterprise Value 84m
EBITDA for the past 6 months was 16m
Assuming no growth for this calculation EBITDA for the year is 32m
That gives a P/E ratio to the EV of 2.6

If I was a billionaire and I bought this company I would see a return on my investment in 2.6 years. That is crazy value.

“At the moment we are making about 5800 barrels per day”

Excellent video, PW is really selling the company in this video which is great to see. For me he is an excellent ceo and one I have complete faith in. This is why I will remain invested for years.

Can't see any issues here. 4400 boepd and still on target for 8000 by the end of the year which is insanely high for the market cap. SP down once again but it doesn't bother me. It can't be long before the herd realise this is to cheap and buy in. Maybe it will be tomorrow, maybe it will be after Christmas....who knows but one thing I am sure of is this will fly at some point.

Twitter pics could have stopped cos you guys go crazy over them. Blow up every pixel and see 2 orange pixels, which must be a set overalls, which must mean exon, which must mean a buyout, which must mean the SP is racing to the moon!! My other favourite was you try and do your own facial recognition on members of staff and then send them loads of private messages over facebook asking for there location and asking if there is any gas etc.....

Yeh, I had a small amount invested there and I will not doubt never see that again. You win some, you loose some.

He categorically said in a podcast that the scoping study would be out before the end of Q3. It was an interview with VOX if i remember rightly.

Results next Tuesday and I for one am excited. I believe we are selling gas in Morroco at $12 per mcf and it is costing $1 to produce. That is a huge margin and surely will be reflected nicely in our income statement/balance sheet.

Lawrence said in a podcast that the scoping study would be out before the 4th quarter and he hinted at other news arriving soon also so it can't be far away now.

I just got quoted 0.102

YA yesterday, arbitration today, will it be a Russian invasion tomorrow or a man dressed as a ninja stealing our train full of oil?

So in 4months that would put the P/E ratio between 2 and 3. The SP has to raise significantly.

You have to have some trust/faith in the company or what is the point in being invested. It has been RNSed(twice) that YA are being paid with cash so accept this and be happy. If this changes we will be notified.

It rised 6% on that RNS but the reason it was rising before that is probably due to the half years results due soon. Also the Schachter and malchy effect confirming this stock is heavily under valued. Hopefully we will have a steady rise in to results and I get the feeling it will properly rerate with the results.

I don’t know why it bothers you. There was an RNS stated we would be paying YA off with cash over the coming year. There was also an RNS to back this up to say the first payment had been made. Surely you don’t want one for every month? If they can’t pay it then they will have to RNS to say so.

The Company and YA have now agreed that the redemption of the remaining 2,891 Series A shares will take place over 12-month period, on a monthly basis, for which the Company will be making cash redemption payments to YA of US$265,000 per month. Once so redeemed, the Series A shares will be cancelled. The Company has also the right to convert redeemable Series A shares into ordinary shares, at its option. Â The Company will also have the right to pay down in cash the entire redemption amount for the outstanding number of Series A shares at any point

Total Revenue is down. Revue from services is up.

Is it not just possible that after the success of T-39 that they decided to go back to T-45 and Dino 2 to drill deeper? If so i guess the magical 60 day well testing period would be reset and hence why no results yet?

I am heavily invested and underwater here also, nothing I can do though so just goto get on with it and hope Zaza isn't taking us for a ride which i don't think he is. I invested earlier in the year with a 5x multiplier within 5 years in mind and I still believe that to be the case.