Member Info for shamI89

However there are other bidders involved too,so PCS is not exclusive and thus a minnow like Uplands stand no chance.

FCA should have suspended it,however BOD is reslly clear as they so far they have used vague terms like we believe,we hope,exclusive.Another thing is a lot of mug punters have been lying to influence others into investing.Yesterday someone blatantly lie that PSC would be announced before agm.I am 90% sure that a placing is being worked,however this time mug punters should give BOD a thrashing at AGM.

But why would petros and Government choose UPL when it brings nothing to table,it does not have money,has couple of failed drills on its credit and no expertise.

But petros is relevant authority.Secondly there are other competitors to.Petros need to consider certain aspects and then shortlist.At this point it was company's choice to lay out its options which it did not,so we have to assume whatever Petros say is correct.Right now we have three pieces of information,no psc has been granted,there are other competitors and a final decision will be made after August 2025.Which contradicts everything company has said so far as we were led to believe that PSC is exclusive,a decision will be made shortly and a rig has been hired.How can you say otherwise.

Not really,in my opinion a psc application was made by company however petros needed to consider certain aspects before granting PSC.This company has been using vague terms like "optimistic","hope to","exclusive", and "close association",it was their chance to come clean .

This company had a chance to clarify its position after that report and still decided to vague words to confuse investors.Reality is in these sort of PSC every government prefers a company with proven track-record and money.Company should have come clean after that report.In my opinion there is no PSC being discussed and after that report it is crystal clear that a decision will be made after August 2025

I dont know how long have you been investing for but I have people getting away with running billion dollars scan.NMC medical and finablr folded not so long ago and they were sitting on billions.Truth is in these sort of scams private investors always lose.I do think smart people would have got out after petros report was releaswd and BOD said nothing to deny it.BOD wanted it to keep going for some more time but that report put a spanner in the wheels.

A few people did point out that market capital is huge for a cash shell.But we had mug punters shouting everyone down on the basis that a psc is being lined up.This whole idea was idiotic to begin with as we have an outfit who was surviving on placings right from onset and mug punters thought it can bring it to production, without any expertise,any experience and more importantly without any money.

Think it is main market listing, which allows them to come up with this sort of BS without nomad getting involved

But you have forgot to include that these lot have been surviving on placings right from the start.Go through RNS and you will see that there is a placing or warrant exercise after every two months.

If they had something to say they would have said it yesterday and they were compelled to release an RNS yesterday .I am 90% sure that next RNS would have been that company is pleased to announce that it has raised money to book the hotel rooms for rig crew.Only we know now that they have not got any asset and there are other competitors.Whole story was spun by few well known "p&d " merchants on twitter who have long gone.What company has done is release some "bs" RNS over regular intervals to raise money but to also engage mug punters so that they can see that "progress" is being made.Go through RNS and after every two months private company has been raising money .Perhaps inveators can ask them why will they pay for rig when there is no asset.

They have already identified "sweetspots" when it is not even confirmed that they will get that asset?

You have got to be fool to believe that, whole point of seismic survey is to map out areas to identify potential drill targets.How can you drill without identifying drill targets as these drills can cost millions.

Is too shy to confirm it via RNS but is more than happy to share it with private investors via email.GM is not far so we will find out soon.

If managemt are really confident about "having it"why did they not say it yesterday.This can be classed as a "price sensitive information" so why not release it through official RNS.

That "minister" had a chance to respond yesterday.Ofiicial body who deals with it is saying that PSC is not ready until August next year and there are other bidders too.

Lol cant handle the truth.As I said wait and you will see this unfolding.

If I remember correctly then 7 or 8 years ago,"PSC" was in fashion.Idea was that loss-making producing assets were handed to local operators who needed to prove that they have money to spend and increase production.Needless to say couple of Aim minnows who did manage to get these assets could not increase the production and ended up losing it.

Can you take these jokers serious anymore?BOD has no credibility left and they have only released this RNS because of Petros statement.There is a pkacing being worked and expct another 4 or 5 placings until August next year.It wont end there as this company will need to prove up resources and will need to sort out funding to get it through to production.

You are wasting your time here, as when this whole "psc" story was being spun:I had lengthy debates with some of investors.There was no asset,no money and more importantly no experience to explore and develop these assets.Right now company owns part of technical study and that is not worth more than a few hundred thousands at best.I am afraid it is hard to justify this market capitals based on "assets".If it all falls through then these shares are worthless.