Member Info for Roxi

I think the Company has to be open to all offers at the moment, even the "cheeky" ones.

Well maybe i could offer a $2 Million Bond for a 25% stake ???

This has become an utter travesty. MCAP 1 Million, Gas in the ground worth around $50 million Oil assets worth 100,s of Millions , WTF!!!!! 1 Million MCAP!!!!!! the amount of money recently spent on upgrades $15 million

im Gobsmacked where this has fallen to,

I may put an offer in to buy the Company for $2 Million, wonder how that will go down?? surely they will have to give me a reason as to why the offer is too low??

Good Morning, one thing mentioned recently about the Millions of Dollars that JSE are squireling. away into the Decommissioning Trust Fund for future costs, at the end of field live , is quite an interesting topic, while im pleased that JSE are funded for future costs, while other large operators like woodside currently do not have to put aside millions of dollars into the fund upfront,

I think JSE should publicize in their accounts the actual amount that they hold in these accounts and which fields they cover, i dont think they actually show this at present?,

As the money lies in these accounts and gather interest payments, they could in fact offer up a return to investors if the actual costs are less than predicted, or yes maybe they will have to find extra cash if they exceed. predicted costs ,

However it does show that JSE have at least financially secured themselves for this work to be done in several years time unlike other operators like Diversified oil and gas for instance.

it is also worth noting that as the work to decommission oil and gas fields becomes more industry normal, with new technologies continually being developed these costs can be drastically reduced, imo

it is a topic worth further discussion. and i would like more detailed information from the Company and the Industry in general how these costs are calculated? are they based on the here and now and actual quotations from decommissioning Companies?. then add in inflation costs etc?, its an interesting topic, imo

Charlie, the business model works, they now have over £500 Million of Assets , this is the year we will see a significant rise in the SP, The Ceo has made some super deals , holds a S..itt load of shares and is turning this ship around,

We know you dont like him, since the fall back from 90p, and who can blame you for feeling bitter,

but you have had plenty of opportunities to add more when we where back in the 20p area,

Happy New year Charlie, lets see what the CEO brings to the table at the next update?

Had a look and managed to pick up another 4280 shares, im very hopeful these will be double what i paid today in late 2024 early 2025

GLA Nice round figure 370,000 well on the way to the half million im aiming for end of year

Hang on in there, im sure Paul will put all the fears behind us when he next updates, the Market was seriously hurt after the last debacle, which all came from Montara taking much longer to come back on line and add to the revenues,

Hence the Placing at 45p to keep the lights on and get the RBL done,

we are however in a very much better place, like you say producing around 20.000 Bpd Akatara nearing completion,

The reserves have significantly increased since last update, with the new purchase of another 16.6% CWLHproducing assett , then we have had a great result with the in fill wells coming on stream better than expected,

The Market got burnt badly from 90p, right down to the low 20,s and then we had a couple of Institutions throwing the towel in and reducing,

IMO, those that stay the course will be greatly rewarded towards the end of 2024

To see Woodside slowly getting back to a reasonable valuation, waiting on Merger news must be helping,

could take this beyond £20

I like to look at a few oil production companies. and compare each one to their MCAP valuations,

One that i used to hold was PTAL , curently they are producing around 15-20 Bpd they have some wells controlled as they have issues getting the volume to market on river barges, anyhow , they have little debt and pay a reasonable dividend,

Their MCAP is currently £430 Million, more than Double JSE, and even their CEO thinks they are well undervalued.

JSE has a lot of catching up to do, 70-80p would put us on par with PTAL and we would still be undervalued,

the MCAP for JSE should be around $500 + Million, imo

That should be the target for JSE end of 2024, imo

Building up a nice holding position, took anothe r1504 shares today, slowly building up the ISA fund for long term growth, just as the BOD are doing with all all our assets, soon have another update on AKATARA, then end of year report, unless they both come together and safe an RNS issue,

GLA , will continue to add while under 45p,

Holding steady around $78-79 slight move up, most oilers on the rise today, a couple of weeks till the next update on the year end news, looking very positive , imo getting ready for my next top up here

With Ethopia could be a good thing for Genel, it has stirred up Somalia , however the Independance now being recognized by Ethopia is good news

On a finance deal/Package , could come this week , imo im sure Directors will be busy talking to banks/Investors etc, if they get a decent fund raise going , this can start to regain some serious MCAP imo DYOR

Think you may have twisted the story there,

wasnt it Putin!!, who started the "Special operations War" i know its been 3 years, but im sure Russia moved 1 Million Troops into Ukraine, which caused the deaths of over 250,000 Russian young men so FAR!!!

he has a lot to answer to in the next life

We should have a very good 2024, here at Genel , lots of upside to come in my opinion ,

Court Case

Farm out

Pipe line opening back up

were still making money and covering overheads

Happy New Year everyone

Its dropped back a tad, hoping we can move much further forward in the new year,

Happy New Year everyone, see you in New Year

Hoping we have some great updates in the new year, looking forward to a possible Merger!!!

Hope all the PAT holders have a great new year, its going to have some ups and downs, imo lets hope its more ups !!!!

be nice to come back to a "Notice of Arbitration" OUTLINING THE VALUE pat is seeking in damages, i suppose the recent rise in gold prices these past few weeks, have given some thoughts to valuation,

Well soon be that time of day , when we can say goodbye to 2023, (Its been a hell of a trip) and look forward to 2024 with greater enthusiasm.

Happy New Year JSE holders, hope you all have a great new year celebration..

Im looking forward to 2024, im sure we will all be rewarded for our patience , im hoping Paul has lined up a cracking deal for us in 2024.

Happy New Year PRD holders