Member Info for SecretBlueprint

If you like, I will go and pray for a partner at my local church. But Durrant has ruled out any major being interested because of ongoing political risk. When Corbyn becomes PM after this Govt collapses in November, he will hand the islands over to Argentina.

Trump knows this, and he has told Noble to wait it out.

If a partner could come in any day, there would not be this desperate quest to find money. There is no partner. Even Noble Energy dont talk about the Falklands anymore in their quarterly reports.

Another partner could also come in any day?

And the Messiah could save the world any day.

Nigel burton interest, nine less
===

Must visit his pub more often............

Another piece of the jigsaw is Mompesson Consulting Ltd, set up as a Minty family company in March. One presumes that is the retirement vehicle where Alan can step down and become an adviser rather than an executive?

That suggests a management shakeup after this deal.

Hi, Ying Tong

The CEO has done more than buy shares in Polemos, he is the sole executive director of that company, effectively its CEO alongside being CEO of NUOG. Perhaps related if not actually a "related party". As for the OSX3 bondholders, are they not Norwegian, as represented by an Oslo based Trustee?

Now that markets have closed for the weekend, perhaps we can examine a few more aspects of the complex deal being negotiated.

Given that the Brazil/Tuparao Martello/OSX3/Dommo Energia situation has been discussed at length on social media, and has attracted no comment from the Company, nor triggered any post deletions on here, it remains a possibility that it is correct.

The Company has previously said informally (?) that a past deal fell through because of the Reverse Take Over prescriptions of AIM Rule 14, and no doubt a corporate lawyer has examined that and made a few suggestions for going forward. This was discussed last night.

The incorporation of MDFDevCo (Brazil) Holdings Limited in England is probably a consequence of that legal review. Holdings companies are incorporated to hold shares in other companies; that is their purpose. It is a subsidiary of MFDevCo which in turn is 50% owned by NUOG. Given Alan Minty’s stake in NUOG and his indirect stake through RMRI Ltd in MFDevCo, one could argue that MDFDevCo (Brazil) Holdings Limited is not controlled by NUOG, but by Alan as controlling party, and therefore might not be treated as a listed company subsidiary for the purposes of AIM Rule 14. The Company has spoken openly about the need for the right legal structures.
That opens up a few doors around the Dommo Energia situation for participation without suspension of the NUOG listing for a new prospectus to be delivered.

Then we have the peculiar situation where the NUOG Chief Executive has taken control of a cash shell company listed on AIM called Polemos plc, making that a connected transaction surely? Polemos has until the end of September to reverse into an oil and gas company or asset or be delisted. It does not have much cash, £300k or so, but has approvals in place to raise more through placings.

It is hard to believe these things are not connected, when considering the other links of Nordic Trustee purdah about the re-assigment of the OSX3 lease, the rump of OGPAR reversing into Dommo in Rio, the role of Fearnley Offshore/Securities in this mix.

I can see a scenario where Polemos becomes the bondholder preferred owner of the OSX3 lease, and joins the MFD consortium; and MFDevCO (Brazil) Holdings Limited take a stake in the way OGPAR finally reverses into Dommo Energia. This would avoid any dilution (as promised) and allows MFDevCO (Brazil) Holdings Limited to co-ordinate the project for a royalty (as Alan Minty forecast in December 2017).

The Chinese facility from CDPL must surely be a wet-lease jack up drilling rig to reinvigorate the sub-surface reservoir with new wells and MFDevCo (China ) Facilities Limited with become the lessee with some leveraged finance via COSL good offices.

Is so, it all has to happen by end of September because of the Polemos situation.

All this is my own opinion for debate, but no doubt there will be detractors.

Cobra

You are wrong

Simples

OK Brotherant, I understand.

Look, there have been a few disasters with this company which we don't need to rehearse, but the recent Newfoundland testing farce and Simon's visit caps the lot and gives pause for thought about where the company has any influence. OK it was down to some Newfies as to what happens there, but not in Brazil.

Some accountant chap told me about Minty's visits to Rio some time ago and shared some conversations which stay private. I was waiting to see if he could overcome a decade of failure to actually deliver something of value. It is after all his life's legacy.

So maybe I am seeing upside at last.

Brotherant

Are you more interested in my money than my opinion?

I find these "in or out" questions on these boards very rude. Personal finances should stay personal IMO. That is police security advice to everyone.

Good evening WOBWAT

I intended to also share something about the court reorganization of OGPAR, but BenFOGL and Roger A will say it is misinformation, so I won't bother.

Cheers

No Roger A , I was suspended for arguing with someone who is now also banned, and he objected to the argument. Nothing to do with misleading anyone, which is what you are now doing

Mr BenFOGL

If you genuinely believe what you have just posted, you have been reading too much fiction.

Broker led posters? Not in God's universe.

I use Thunderbird as an email client LOL!!

https://www.linkedin.com/in/einar-antonsen-a9488721/

OSX3 is the production facility on the Tubarao Martelo field in Brazil

Nordic Trustee took Rupert Cole of Xcite Energy to the cleaners in BVI Court over unpaid bonds and reassigned the Bentley Field to Whalsay Energy. They have form in getting their way and seeing an exit for their bondholder clients. They are ruthless Vikings after all.

Perhaps a similar process is underway with OSX3 and the Tubarao Martelo field. I have some further thoughts on the Brazil Court reorganization of OGPAR and Dommo, but that is for later.

https://tinyurl.com/y9kvugyw

Hope it works....

Miaow, miaow.....

Have a look at the recent decision in May by Nordic Trustee, representing the bondholders who have security over the OSX3 FPSO. They imposed silence while the vessel's future is being discussed.

Who is involved in the reassignment of the vessel, Fearnley Offshore. Who is now on MFDevCo board? Einar Antonson, from Fearnly Offshore.

Join the dots? Lol............

Highroller

That is what any self respecting board of directors would do. The question is why they don't.