Member Info for Sharebel

18.70 paid and we are moving up the leaderboard! Oversold and undervalued! Nothing to stop this stock moving now! IMHO DYOR GLA

Well 18.70 to buy but only a few then it is into NT for buys! Think like it or not 20 will get taken out and tiny sells at 16 won’t stop it! ROCK is worth many many bags higher than current SP! Take your positions now! IMHO DYOR GLA

Subtle deramp JC21 lols. I have around 50 stocks matey and can’t post on all on LSE - I am simply pointing out the logistics in a key gamechanger transformation time for ROCK now looking into 2025! So weird how you don’t want it over 20 yet?

19 on the ask and free appers selling a few pence says it all to try and look like it’s down lols! IMHO DYOR GLA

18 paid again here we go! Looking strong to break free! NT to buy and then hello 20’s! So undervalued is an understatement! IMHO DYOR GLA

NT for larger buys just saying as it’s on a tipping point. Once it moves the panic will set in and we go North of 20 easily! Stock of 2025 delivering some serious multiple bags! IMHO DYOR GLA

So they will be privy to all the ins and outs. So Lunn essentially doing an auction price book build so we will know either after hours 8th or 7am 9th what the score is. I seriously think that it cannot be that much over and above 500k for Gem Bahamas case that we actually need but IF it’s oversubscribed then there’s a bit more headroom. Feeling a bit more reassured but think shareholders are entitled to more detail -but I know there’s a fine balance. So once agreed and placing money received the auditors should presumably sign off accounts! In grand scheme of things because of the very small free float here it will not make much of a dent. We have already had a 0.12 placing in suspension for 120k so feeling optimistic. Shorts would be wise to start taking a chunk or run the gauntlet here but they may have to fight to get some. An interesting situation but may force shorts to go long now. Only time I have ever been happy to see a placing RNS! IMHO DYOR GLA

Marked a strong buy because it absolutely is! We hold all the aces here! Still under the radar for many so fill your boots time as tick tock a massive rerate is coming in here! Takeover target price also in the offing has to be in pounds not pence! IMHO DYOR GLA

Delivering serious multiple bags. Simple no brainer! I think we will be getting a takeover approach very soon! IMHO DYOR GLA

Trebbin accounts have been completed for the group and now with auditors as is mandatory with a listed company with in excess of 5.1 million of assets or 10 million turnover. The debt re Texas is debts associated with Noble Petroleum USA and to be paid and settled ‘all debts associated with Texas’ by the GV S&P signed deal as its part of it. The 5 million loan facility is via Petroquest and circa 4,2 million used with 800k headroom. A loan which 2023 accounts say maturity date can be formally extended to Dec 2025 which would satisfy auditors. The 780k ( 480k received) in suspension from placings cannot be used up yet. All the auditors need surely is the settlement of the Gem Bahamas case circa 500k which could be paid in instalments or utilise the headroom in the loan facility or a small raise placing to get the full amount.

Re the land owners and royalties looking at the Whistling Straits info Noble were using Truth Resources LP to deal with oil sales and royalty payments. Look here https://www.shalexp.com/texas/gonzales-county/whistling-straits/363860

So what is the actual problem here? Leases were legally assigned July 2023 so how can there be a problem with the leases? Whistling Straits covers more than one landowner & strays into approx 3 if you look here https://www.mineralanswers.com/texas/gonzales-county/properties/whistling-straits-redevelopment/01-20343

but if they were assigned over a year ago why wasn’t it challenged before now? Lunn has to be more specific and give details. Perhaps shareholders do need to come together but wasn’t there a letter sent from Telegram group? IMHO DYOR GLA

Working capital 780k was raised post suspension (albeit 300k paid on release of suspension) and all the debts associated with Texas are to be paid by GV that’s a MAJOR part of the deal. The only thing that isn’t accounted for is the circa 500k re court case which we didn’t know about. Anyone have lawyer or professional access to caseboard https://caseboard.io/cases/debb107f-3f3c-4608-b1d0-795bcb12d745 GEM YEILD BAHAMAS LTD V PENNPETRO so we can read the details of the whys and wherefores? However in the grand scheme this is peanuts. The leases re ownership 100% legal transfer occurred in July 2023

‘Completion of transaction to increased interest in oil leases in Gonzales County, Texas

London, 19th July 2023 - Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, through its 100% subsidiary, Nobel Petroleum USA Inc. ("Nobel"), has now completed the legal processes in Texas to complete the transaction with Millennium PetroCapital Corporation ("Millennium"), as announced on 27 June 2023, to increase its stake in the Whistling Straits 5H well from a 25% working interest ("WI") to a 100% WI with 75% net revenue interest ("NRI") and to assume operatorship of the well with immediate effect in addition to 2,036.38 acres of oil leases.’

The loan via Petroquest circa 4.2 million (5 million available headroom possibly 800k?) maturity date was renegotiated to December 2024 however in last accounts it clearly states it can be renegotiated to December 2025 as follows:-

Petroquest Energy Limited have further formally confirmed to the Directors that the loan can be further extended to 31st December 2025 if required.’

Read it here

https://find-and-update.company-information.service.gov.uk/company/10166359/filing-history

Oil production revenues for Q1 were produced and announced 15th April. Presumably they continued or they halted as company knew that it was handing over to GV in the deal soon?

So what is the problem? Lunn needs to spell it out to shareholders asap the nuts and bolts of the ‘problems’

Also comments on why had Lunn set up a new company PETROQUEST ENERGY LIMITED in UK on 9/11/2024? Under code

Nature of business (SIC)

70229 - Management consultancy activities other than financial management

Which had PETROQUEST ENERGY LTD (NZ) as person of significant control 20/11/24 which was then removed 1/12/24 and replaced by Lunn himself? What’s this for?

IMHO DYOR GLA

I think we might just see a bit of a push North into close. People making good positions for next week! Buy the dips and when it’s quiet like today as next week will be a whole lot busier and you’ll struggle to get in here sub20! Looks like FOMO setting in soon and I will not be missing the boat on this one so already topped up before the herd arrive! IMHO DYOR GLA

Couldn’t resist the price seems very cheap! Can see this bouncing hard back into mid 20’s from here when we get full trading normal week back! 2025 looks to be ROCKs game changer year now! IMHO DYOR GLA

But doesn’t the S & P sale and purchase agreement say settlement of ALL creditors re Texas?

What’s the estimated worth of the Texan fields? IMHO DYOR GLA

‘In addition, Globalvision would take over all creditors that existed in Texas leaving Pennpetro completely free of any financial obligations associated with Texas.’

Oops ALL SHAREHOLDERS WANT THE SP TO RISE we are all aligned there and quite frankly it is more than justifiable! It’s those who don’t want it to rise who are either wanting a lower entry in here (unlikely now) or are shorts/spreadbetters. In terms of the market there were huge numbers of investors more than happy to come in here with big positions in the 35-65 range! IMHO DYOR GLA

Funded for now will that suit you Jesus Heim! Remember LTH you rely on new investors but bizarrely you do everything you can to put them off! Think you may he a snake in the grass hedging here! Whatever Heim but seriously you add nothing to the conversation at all. We are in a good position with now new outstanding gold and copper results. Mining license application in which if you see my actual link on timeframes for approval actually from the department themselves in black and white is 80% applications are decided with 30 business days!

‘80% of applications determined within 30 business days’

https://www.wa.gov.au/organisation/department-of-energy-mines-industry-regulation-and-safety/timeframes

IMHO DYOR GLA

Beau is it you selling the pennies? Zip it. If you are not interested in positivity then you’re on your own agenda! Hardly desperate holding into H2 mate! Pointing out the mechanics here in play and a great entry and hold for 2025! We are allowed to comment that’s what a shareholder board is for! IMHO DYOR GLA

Someone trying to sell pennies below the bid price lols @24 to make it look as though it is dropping. The buy price is @26-28 depending on amount! Book looks strong like it could turn around soon! Oversold and very much undervalued. No reason to be still below 30 when warrants forward sold weeks back into 40-70 range! IMHO DYOR GLA

28 paid again now a mm christmas present a fast and furious breakout over the key area of 30! it may take seconds once it gets going. 2025 is due to be orcps year with so many of our projects coming to fruition, we are funded, we have produced some special big no results on northern area gold fields and copper exceeding expectations to make us minted. but i think beginning of the year we will see energy **** stan take off after announcement of funding and generally a very positive position towards these projects areas! imho dyor gla

28 now on the ask movement today? Finished up 8.5% higher yesterday close! It will just suddenly go! Only half day trading to get in! IMHO DYOR GLA

Heim give it a rest please you add zero discussion or anything just overt unnecessary negativity! But no actually it’s oversold and basically very undervalued. Finished blue 8.33% up @26 good base to spring from! IMHO DYOR GLA