Member Info for SecretBlueprint

Just to put the cat among the pigeons.......

The water depth of both TBMT in the Campos Basin and Bentley in the North Sea are almost identical. Both are heavy oil, Bentley being heavier.

By conjoining the two basins in company statements, are we being led to think that the OSX 3 production unit can be relocated to the North Sea and a smaller, more suitable unit from China deployed in Brazil?

Whatever is being cooked up will require approval of the Brazil National Petroleum Agency, and until that is given, the company will hide behind a veil of secrecy of " ongoing negotiations" IMO

Ying Tong

Jordan was a totem illustration of gullibility. The " Korean Global Energy Corporation" never existed, but Enegi paid a fee to a Korean bloke to join it in the Dead Sea licence applications as consultants. The truth only emerged when the Jordanian Parliament declared that the proposed licence applicants were " not competent " to operate them.

That never appeared in the company news.

Seadog

Helvick and Dunmore were legacy contractual obligations from the days of ABTOG, and the company was obligated to provide evaluations of low cost development options in return for 10 % field working interests. I thought at the time it was an expensive distraction which unnecessarily consumed scrarce cash from placings.

I believe that the operator has no further interest in progressing the options, so it may have been a waste of money that just allowed the operator to extend the licences at NUOG expense.

The problem with communications from the company is that when things go wrong , as they so frequently have done, no explanation is ever offered, just mute silence. I am leaning towards that being irregular practice for a listed company.

In Newfoundland, the company announced in February 2017, some eighteen months ago, that wireline operations would be followed by workover operations and insertion of an artificial lift system, using the ECAN 3 workover rig, stationed at Stephenville. The rig has not been used if we follow the company videos, and staff interviews. Why not?

Instead we get a story about lack of infrastructure being the problem. Totally meaningless. What infrastructure is missing? Has the rig gone to the mainland or has the access road collapsed?

If a declared plan has not or can not be achieved, that is information which might affect share price , and it must be made public.

There is no other oilfield work going on in Western Newfoundland, so if Garden Hill is mothballed, one can imagine PVF partners going off to do something else. There is no website for ECAN and the the other consortium member, IDDEL, does not include Garden Hill as a current project on its website.

One can forgiven for thinking the company is parsimonious with important facts which shareholders are entitled to know.

www.pvfenergy.net

Website has been shut down, but the domain remains registered with them until November.

Must be tired of people contacting them about progress at Garden Hill, or that the project content is no longer applicable.

Polemos will have to issue an RNS before trading on Monday as to whether it has reversed into a resource company, or has not. Either way, we will know whether Nigel Burton's activity there is relevant or not.

This is a reply dated 3rd Sept (google translated) by Dommo to the " superintendant of business monitoring" in answer to a question on unusual stock trading Friday 31 Aug. ( 45% rise)

The slang word here is a Speed Ticket.

Where does it leave the OSX 3 dream? Good question, since the owners are selling it to someone , and that is public knowledge from Nordic Trustee, and we know who is doing the selling - the Houston office of Fearnley Offshore.

Lauro Muller Street, 116 - 38th floor (rooms 3802 to 3804)

Rio de Janeiro 22290-160

Reference: Official B3 1641/2018-SAE 08/31/2018

Dear Sirs,

We refer to the Letter received on 08/31/2018, by means of which you. request that it be

informed if there is any fact, known to Dommo Energia, that can justify the

with the shares issued by the Company, the number of

amount negotiated in the period between 08/20/2018 and 08/31/2018.

In this regard, we inform you that the Company is not aware of any fact

fluctuations recorded and that have not already been addressed in market disclosures

previously performed.

It should be noted, however, that some external factors can influence behavior

trading of shares issued by the Company, such as the price of a barrel of

exchange rate fluctuations and proximity to the elections. In that period,

However, despite the significant increase in the price of the commodity, we can not say that the

the price and trading volume of the Company's shares

tied to such factors.

In addition, the Company informs that, to date, it has not received any

notice regarding the acquisition or disposal of a relevant shareholding that has not been

been duly disclosed.

Finally, we inform you that, in compliance with the obligation set forth in the sole paragraph of art. 4th of

CVM Instruction No. 358/02, the Company's managers, as well as other persons who

eventually could have access to relevant acts or facts were surveyed, with the aim of

to ascertain whether they would have knowledge of information that should be disclosed to the market,

up to the present time, indications of additional information that should be

disclosed.

Regards,

Eduardo Yuji Tsuji

Chief Financial Officer and Investor Relations Officer

Dommo Energia S.A.

There is a solution, but until oil runs out the investment case does not work.

If solar is 20% efficient (as it has been in lab tests) at turning solar energy into power, we'd only need to cover a land area about the size of Spain to power the entire Earth renewably.

The Spanish won't like it though.

Seadog

That is not what we were told in 2015..

"Nigel’s experience includes operational and financial management, debt and equity financing, acquisition and integration of businesses, disposals, IPOs and trade sales. This will be highly beneficial as the Company pursues its strategy to build a portfolio of field or royalty interests in global oil and gas projects where it feels it can deliver a significant cost transformation through the application of new technical solutions."

It sounds to me that he was employed to deliver the MFD strategy.

Seadog

A leader in hiding is bad enough. Where is the CEO.?

Seadog

I am not sure that directors who hold shares are always aligned with the wider shareholder base. Salaries, pensions and bonuses are awarded by sycophant committees and these awards are all too often rewards for failure to deliver shareholder value, right across the listed companies.

Talking of directors, where is Nigel Burton? Anyone had any contact with him recently.?

Timbo

You are correct, but he runs it as if he did. As if it were a family firm with him as patriach. That is the root cause of the historical failures, and current communication failures.

Trbw

A company is a legal personality in its own right. No one can own a personality

Referring to the arrogance of the company, which is perceived by many shareholders who think they own the company, they don’t. They own rights to vote and rights to any distributions, but nothing else and AM knows this.

Under English Law, shareholders are definitely not owners. The Court of Appeal declared in 1948 that “shareholders are not, in the eyes of the law, part owners of the company”. In 2003, the House of Lords reaffirmed that ruling, in un¬equivocal terms.

So in the mind of someone who is a minority shareholder and runs the company for his own gain, prestige and eventual legacy, the majority shareholders are inconvenient and are often best oppressed. Ego might be at stake here.

There may be a great economic deal in the making in Brazil, for the Brazilians, for MFDEVCO, for the MFD consortium and for shareholders. But if any company arrogance or unwarranted greed prevails over common good, then a great mistake may instead be in the making.

Silence breeds suspicion, it is high time that the company explains what has gone wrong at Garden Hill, how many MFD projects are under discussion and where in the world each one is, both in terms of geography and progress.

The communication strategy seems to be one of inference rather than coherence and that smacks of bad governance and indeed arrogance. Simon might be a professional, but his talents are wasted on tweets and podcasts that seem to have a censor’s hand on them.

So Mr Minty, it is time to tell the truth to shareholders. We might not own the company but we used to own the money you are spending on our behalf. What is going on here?

Yes it looks like the Grand Old Duke of York was at work on Sugar Loaf Mountain. So much for all that.

Sao Paulo stock exchange opens at 10 am local time, 2 pm here.

WOBWAT

That is where I dont understand the NB role. When he was appointed, it was to run the day to day operations of NUOG, leaving AM in charge of strategy and acquisitions. How can he be running the day to day operations at a "transformational " point in time, as a part timer with deadlines to meet in other companies? Is he Superman? Or has he wandered off to pursue other interests? Or is he part of the equation?

According to the second quarter results from OGPAR, it has as its objective the down-stream merger of the Company into its investee Dommo Energia S.A. during 2018. This is part of its judicial reconstruction. It still owns 1.29 % of Dommo and carries those shares as "marketable securities" worth around £10 million with the objecfive of a sale. It may be that many of those were sold on Friday with more still to go, and whoever is buying would become a part owner of Dommo. That amount is lower than NUOG market cap.

So who did OSX Leasing BV sell their Dommo shares to, and who is buying OGPAR's shares in Dommo? Was any cash involved or are these nil consideration transactions with payment in kind, to allow the MFD Consortium to take a holding stake in Dommo in exchange for redevelopment of Tuparao Martelo ? Why is there a NUOG group company called MFDEVCO Holdings (Brazil) Ltd?

If Polemos is not involved, why is the NUOG CEO running a cash shell which has an explicit objective of reversing into a resource company by 9 Sept, when he should be leading NUOG from the front at this time.?

These are rhetorical questions. Something is going on which connects to the Company's Campos Basin tweet, or I am a Siberian yak herder.