Member Info for SoundasaPound1

.....of Big Johns sullen posts

Worth reminding ourselves - Zeus broker note from 17th June .

"The farm out also funds the SBK-1 and M5 exploration wells nearby Tendrara, targeted to be

drilled in 2025. In terms of upcoming catalysts, we expect progression of Phase 2 FEED work,

completion of Phase 1 in Q4 2025, first gas sales from Phase 1 and also Phase 2 FID both in

Q4 2025, and the two exploration wells – a busy overall programme"

Our total risked NAV is 4.1p, and we have a positive outlook for the shares

Investors should at least receive an update on all of the above within the next 4-8 weeks.

GLA

Incredible to observe some of the complete tripe written on this bulletin board!

If its really that bleak, please just move on and find something that works for you whilst developing an ounce or two of positivity in your life. The same few spouting continuous twaddle here unfortunately.

Hopefully these bods will not be seen or heard once new of positive progress arrives.

I really must filter better as suggested by the PS's and Co of this board.

GLA investors - cant be too long now to get a nice Phase 1 and 2 + drilling update.

Im no expert here but;

Phase 1 progress/production within the next 2-3 months.

Phase 2 - FID, they have said aiming for late 2025, but personally I doubt it will be on target.

Drilling programme - I believe permits were being updated/extended, not sure how long that takes.

Now i'm guessing announcement in early 2026 - does anyone really know? (very disappointing lead in for this element, but its down to Managem to drive timelines now)

John,

Unwind and go and get yourself a nice cool beer. Its a lovely sunny day out there and it sounds like you could do with a loosener, or three.

Cheers

.........despite the fact you won't be able to comment ?!!

I'll hold you to that John, and I will be sure to remind you the day this breaks 1p or more.

Sit tight (for about another 3 years) and it will be worth 4p

Needs an injection of excitement this share - keep saying a drilling programme could be the catalyst

Likewise

Does anyone know if there is a timeline for which Mana Energy would need to drill either the SBK-1 or M5 by?

If so, would their be penalty clauses set out in the agreement if they fail to make these timelines.

I have written to Graham and asked this , but no response back to date as I am sure he mentioned there was in the last presentation.

GLA

Q4 revenues from LNG will be a positive thing here, for sentiment at least.

Re Phase 2 - I know the FEED has to happen prior, but what is the likelihood of the Phase 2 FID being taken in 2025 as suggested by GL from past presentations?

Certainty on Phase 2 will I surely (and finally) help with sentiment in the share and I personally think we could then finally see a marked SP increase starting at that point, despite the 2 year lead in time for revenues.

Still no announced drilling program from Managem, surely something will announced in 2025?

(I would think another potential catalyst for a SP increase with further interest and some media coverage)

Lots to potentially look forward to if we don't die waiting in the interim period.

GLA investors - be lucky

Its hardly surprising there are a lot of bored and very frustrated people on here.

There has been zero tangible news for about 7 months re the funded drills. Investors still wondering if Phase 1 revenues will start in 2025 despite Graham saying so.

The CFO has left the company, and no permanent replacement is likely yet for at least a month or two. Once in post they will no doubt need to start renegotiations with the bond holders regarding payments. how much more will that cost the us?

I also found GL somewhat blase' regarding the lack of drilling programme yet to be announced, from his presentation yesterday.

Personally, that timeline of 6-7 months without any news on this is pretty damn disappointing to me.

Am I honestly being so unrealistic with this?? ( I would welcome constructive feedback)

FFS - the above is so slow.

At this rate the fledgling solar and hydrogen projects will be up and running and income generating prior to everything else.

GLA investors

Well I will still take 'very soon' as its been a very long time since we were given any RNS update of substance here.

Tincan,

I do hope you are right about it being the start of better times ahead for investors.

I think so too.

GLA

I accept its not particularly clever and there will no doubt be ramifications, but I am predicting an RNS with drilling programme on Monday 21st July at 7am.

Thank you, and you're welcome..

GLA investors

There have been plenty of actions and plenty of achievements since Graham took over. However, they have failed to increase the share price to date. The companies financial situation still remains precarious to some extent. Other far more informed users of this BB have given their detailed breakdowns to this.

Its not all doom and gloom though as once Phase 1 LNG is producing. We could seriously do with some excitement though, and I am just hoping they announce the drilling programme of SBK-1 and the M5 wild cat well asap as I believe this will definitely generate some, and create far more speculative interest in this low confidence share.

I do think Graham and the team will deliver here , but this has been a very long and protracted wait, and I'm sure all long term shareholders are feeling the pinch since the old JP hyped SP days.

I sincerely hope this come good for all investors and wish them well.

Just imagine if the (already funded) M5 well is successful and is able to produce commercial gas

GLA

Certainly no share holder value being added at the moment. Its was one of things being communicated as a key priority but there is no getting away from the hugely disappointing lack of news for the last 6-7 months .

I'm confident lots of positive things are happening behind the scenes but a great shame it takes so long in this industry. Hopefully the monthly burn rate won't be the killer here, but without any income coming in just how long can this really continue.

"Add shareholder value" to a undervalued share wasn't it Graham.

News please!!!

'What comes first?'

I would suggest:

Production of first gas via the LNG plant, and a drilling program for SBK-1 and M5.

GLA investors

Hold on to your hats - you long suffering shareholders :)

Looks like the conversational narcissists are monopolising this board again.

Chin up you cheeky little chickens, this could all look much rosier next week with the announcement of a well set out drilling plan and updates of Phase 1 nearing production!

GLA investors

When I saw the RNS headline.....

I thought we may finally get an update about Phase 1, Phase 2 progress, or the long awaited and illusive drilling programme.

Still nothing here after 6 months, and its in a year when the priority was to add SP value for shareholders.

Why no update on the above, the rest is white noise to me right now.

Still no word and zero comms from this company!

It's looking like a bit fairy tail story to achieve all the work commitments and those key milestones which Graham communicated would be happening in 2025.

GLA investors.

Lets hope for some form of update within the next 6 months or so