Member Info for SirBob

Seen it all in oil and gas, so it’s a possibility, are we not in middle of Q2 now and not a licence in sight. What happened to end of Q1 at latest.
Hugely invested here, on spread bets, shares and pension, so happy for all scenarios to be discuss be it good, bad or ugly. So many of these boards are just feel good Boards where everyone tells everyone it’s all gonna be great no matter what the possible outcomes are...
If you want to live in happy like use filter butter as Peter tree has.....but Mongolia is corrupt, so a possibility, just one I hope won’t come true....our biggest current enemy realistically though is poor oil price which won’t help our fundraising position or farm in partner negotiations....

I’m never keen on after hours RNS’s, always been bad news historically for me.
Hoping Angus break the mould........but that’s a big ask of Angus of all companies.....

Lots of if, buts and maybes CS, but current market cap of £25m means we’re valued at just a dollar a barrel on every expected barrel out of there and 25m is off a low recovery rate.
I think Mike bought in big time at around 10p, so doubt he wants dilution, so hopefully Mongolian bank or farm in.....
As I said at start, so many possibilities, but I do think we’re currently under valued. But some good points raised and welcome , whether your in or out

Me too, a grand after Brandon capitol boss bought a load the other week, figured he must know something.....
Nearly sold Monday for around £20 profit ....lol.....
I still reckon we might see a dead cat bounce sooner or later or maybe O’Reillys in his way back from China with cash in boot of his car.....

So I think I see it as some money materialises from somewhere miraculously or pretty much game over for Lansdown? Happy to be convinced otherwise? Thoughts?

Good luck to all, despite assurances in RNS , if I was a Chinese investor I wouldn’t want to invest on back of that.
Be gutted if money comes now, but just tipped balance over edge for me to sell......but sincere good luck to all with bigger b%%lls than me.....

3-5 p popular opinion last time question asked.
Lower end more popular.......praying to be proved wrong and funds arrive, but with few days to go, looking highly unlikely

Six days left.....payment near four months ‘on way’
And now six days left.....I’d say we were being lead a merry dance, but when CEO believes it with all info to hand, hat hope have we got......hope it does, but realism starting to kick back in....PVr board seem to have lost any faith

Sadly a trait in industry, sadly we are the mugs who let them get away with it. RRl/RMP historically, Lansdowne, Providence awaiting funds for months, Bloc lying to shareholders of late/holding back production information, to name but a few...… So I see no reason Angus wont have some sort of mini revival , just not sure to what level.....as we all keep putting ourselves through it time and time again.….

I’m sure I read Drill
Permits could take up to six months.....so let’s hope not lol

3-4p I reckon on funds landing, hopefully higher end.
Although if drill delayed until mid 2020 I see a fall back to 2p levels as is typical of AIM before a rise in months up to drill.
Don’t totally believe North Sea operators interest, a Boris style Bluff I feel to hopefully worry Apec

I suspect giving them to 30th is merely for legal reasons.
The money isn’t coming, if you sold your car over phone and three months later he told you he still
Wanted car and was still going to pay would you believe him?.....no.
Not all over yet.....but I dare say PVR and Lans sick of paying for an RNS every week....so hopefully at least come 1st Oct we may finally see a plan and get some more detail.....almost certainly without Apec

PVR seeking funds by end of Sept simply put ......
Critical times

Update on receipt of APEC Loan Amount
On September 3, 2019, the Company announced that it had issued written notice to APEC that, should the APEC Loan Amount not be received by the close of business on September 9, 2019, the Company reserved the right to end exclusivity, while also considering all legal remedies available to it against APEC for contract non-performance, including the re-assignment of equity in SEL 1/11. As at close of business on September 9, 2019, no funds had been received in the Company’s account.

In the announcement of September 3, 2019, the Company also noted the current working capital position and confirmed that, as a result of the delay to the receipt of the APEC Loan Amount, it was now actively exploring alternative financing arrangements to provide the Company with sufficient working capital beyond the end of September 2019. The Company continues to progress those alternatives and, accordingly, confirms that the Barryroe Partners have agreed to a further extension of the backstop date for receipt of the APEC Loan Proceeds to close of business on September 30, 2019. This extension is without prejudice to the Company’s legal rights under the Updated FOA or any alternate financing arrangements that the Company may put in place.

Site Survey Update
On August 9, 2019, the Barryroe Partners confirmed that they have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a seabed debris clearance, environmental baseline and habitat assessment site survey (the “site survey”) over the area of the Barryroe field within SEL 1/11. Whilst the full implementation of the site survey is subject the receipt of the APEC Loan Amount, the Company announced on August 20, 2019 that it had agreed the payment of the contractual mobilization fee.

On September 4, 2019, the Company announced that Gardline’s M/V Kommandor survey vessel had mobilized to SEL 1/11 to undertake the site survey over the area of the Barryroe field within SEL 1/11. The projected programme provides for a minimum of two locations to be surveyed at this time with the scope to increase the number of locations upon receipt of the APEC Loan Amount or alternative financing being secured. As of the close of business yesterday, the Company can confirm that the site survey of the first location has been completed and the Company has already started site survey operations over the second location.

Well rather than we all be totally negative still some weird goings on.....like why do seabed survey at £1m if all was lost? I think a plan will emerge of sorts in next two weeks...possibly even tomorrow

I suspect a change either this week or next, as PVR need cash and soon...….
Getting rather dis-illusioned with Oil sector, all rubbish here and MATD announce potential positive drill and only 5% rise....

Well I had a placing nailed on for this ,and take it as a huge
Potential positive that we’ve not had one....
If we do hit a duster at Heron he’d be raising somewhere between 2-4p imo, so fact he hasn’t is a very good sign imo.
Also fact MB owns a large amount of shares is a good sign given the large amount of CEO’s who don’t in this field (Angus springs to kind)

What’s more amazing is that they’ve not come out and formally pulled out by now.....as three months later it’s still being posted ‘if funds arrive Monday’, quite simply they are not going to....but with site survey going ahead...there must be some plan afoot......

As PVR surely have to raise funds, there in a place now where they may want to give another week to see if they will arrive, but obviously after such a long period can definitely not bank on it.......
So maybe we’ll get to see what the final plan is, most likely without Apec

Not 100%!sure always on Thurs, but seems a weekly thing Day it coincides with a PVR tick up i’ll Get excited .....
Friday again tomorrow ......long huff and sigh......