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Donmac don't miss the boat :-)

GET BACK IN QUICK :-)

Looking forward to this call tomorrow. Enjoy everyone!

After that, at any time the next deal could bounce!

Excellent news for European Green Transition Plc!

The Rare Earths resource at Olserum is very impressive

It all depends on the lifting schedule what fits into the year or whether they carry over inventory into the new year. But over the longer term its pretty easy

30% x say, 23000 x oil price, say $82 x 330 (note below) days

dont know how long shut down is

Seems to have been a rush to get accounts out of the way.

Another deal while accounts not complete would have been problematic as disclosures on the new deal would be required.

Paul McBag ! Love it made me laugh out loud nice one!

You have to add the $32.401 million on Acquisitions Note 7 to the "revenue" shown in the Income Statement ($26.4) to give $58.808 million. On top of this , the Azule 12% which has now proven to be ours, had a lifting of $75 million (a year's worth from October 2022 to October 2023)

That would get you closer to the real revenue of $134 million for Afentra 30% in 2023

We all know the "revenue" was actually much higher than $26.4M right?

They're only counting the INA lifting , where they were closed. However we all know there was an Azule lift last September and Sonangol lifts all year round that contributed to reducing our acquisition $$$payable

We all know this is Accounting "Shennanigans" right?

Lots of trades today (compared to yesterday) WHO KNOWS WHAT??????

Tomorrow and rest of week as we get closer to the mysterious 11 June Presentation Date. Don't lose the opportunity to be in for the next deal which could be a STEP UP!

Very happy with the progress but these assets are worth a lot more than 60p.

Excited about the next deal and delighted McDade Cloke and Deulina are at the helm.

Onwards and Upwards

I would say completion is "imminent" and by that i mean it could complete today at lunch or tomorrow morning.

Next deal is also probably imminent

Yeah but NAV is easily over a pound. ERCE reserve auditors calculated £0.89 when Brent $75 and production was ~18,500

Paul McDade talked (check youtube Afentra interviews) about "proactively" chasing acquisitions (aswell as bid rounds)

This is interesting in the context of the Next Deal. It could come from any bilateral discussions

Wouldnt even be reaching the NAV they say Block 3/05 is worth - see the CPR

Its a slow train but fast at the same time!

Apologies i see the bigger one. Probably a sell if down at the lower end

Or buy? Its in black with "unknown".

By the way its not massive really

There will be debt when it closes BUT, when the inherited inventory of the deal is sold, I'm guessing NO DEBT

Closing is a lot to do with final novation documents and the settlement of the final balances and agreeing them