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Why is i3e so bad? Looks incredible potential imo? Have I missed something?

No interest in iog at all, I’ve always thought there is a lot better buys to be had but now iog is a real mess. All that dilution and al it buys is an appraisal well. No thanks.

£1.08 by the end of the week

Would not want to hold them.

I wonder what AA thoughts on I3e are. Very undervalued at the minute, liberator would be a very nice addition to the portfolio and I bet the money we had set aside for iog would buy it? 60M ish would be a nice premium on current sp.
Either way I think AA is going shopping big time, rre could be a whole different animal again by the time we relist.

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And the sp doesn’t give a **** what month it is! Haha

Oooo I think we are in for an explosive afternoon!

Robs12 much appreciated post,

I was thinking the same thing. As long as they all know they might be able to recover some losses here when we re- open, refugees welcome :-)

If Pmo holds the 90’s on this little retrace in oil price, we should be in a nice position for a good climb when we test $68 again. I think the drops are getting less sensitive and if the swings are smaller there’s no margin to trade and accumulate on the drops therefore I feel more a holding for a substantial rise here now.

Anyone looked at the npv of IOG assets? It needs Harvey to look like a big deal to rre? 60% chance of success but I think they are pricing it in as a given. Without it the irr isn’t as nearly as attractive for the 450M capex? Or am I reading it wrong?

Great article, thanks.
So I’ve read up on pmg and all it’s licences but the company seems very slow with news or stating what it’s plans are, are we waiting on investment? Weighing capex for sour oil on Perth field? Or drilling elsewhere?
Pmg Looks to have a great BOD and a lot of potential, I’m just trying to get a feel for the next move. Any info appreciated.

Just read this on a fb page today

https://www.oilandgaspeople.com/news/highlights/18164/tanzania-to-start-talks-for-30-billion-lng-project/?fbclid=IwAR3hEBdt3t2S6tzdIa4nVDEx8JW9XYkG_APN-Baq7s6_h9HANG7zrCZfHC4

This bod should be locked up, I’d love to meet them and tell them what I think of them.

Can anyone advise me on what the process for sour oil production entails? Is there alot more capex required for sour oil production facility’s?

Yes mate I get that, my reply was back to Stanleys Morgan and how in don’t see a better option for iog than the current cash offer,there is this new found optimism that a better offer is on the horizon all of a sudden but That’s pure guess work by pi’s just hoping for an alternative route of financing. I’ve read a lot of iog posters claiming they are in the drivers seat here but I just can’t see how? RRE can take it or leave it and If AA pulls the plug on this deal and the administrators demand payment for the loans iog is up shit creek.

Is this why the BOD won’t disclose information on the extent of dilution if they were to be converted? Im maybe being a bit thick here but convertible loans still means massive dilution to you regardless of if rre buys the debt? Would you not then need a minimum of 30p ish to achieve a similar value of what is on the table now? I’m honestly no expert so any guidance is much appreciated.

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You can always count on an over action from pmo

Did you get chance to have a look at parkmead? Interested to see what others think of them.