Member Info for Stebol

Iron - presumably because we're not officially re-admitted until 8am?

Excellent RNS - clearly AM & the team have been extremely busy developing this asset.

Should be a great day with loads more to come

As well as the PIB, they also apparently need a face to face meeting with Essar. Essar based in India which is currently on the 'red' list for Nigeria so no flights in or out.
They could fly in from elsewhere but would need to quarantine on arrival.
I'm hopeful that PIB was the sticking point and that matters can no proceed.
It would certainly be the icing on what's turning into a rather large cake

Looking forward to this although I'm hoping it comes after the initial frenzy.

Time for a Tesco run to stock up on essentails;

Coffee
Alcohol
Tena for men

Good luck everyone

I think a lot will depend on any further updates and whether there are any institutions waiting in the wings.
It'll all very intriguing and pretty bloody exciting too.

Obviously delighted with the news and how nice it is to have so many LTH's posting / positioning ready for the re-list.

Plenty of people delighted / relieved; a few proved to be just plain wrong; and plenty who don't own any shares but want you to think about buying cars or paying off the mortgage. It's for your own benefit of course...... or maybe they're just sowing a seed? There are some devious b'stards about for sure.

Do your research, keep the faith etc etc.

I'd like to think we'll have a pretty good year ahead. Good luck everyone but particularly those that kept believing when things were bleak.

12 months ago we were practically broke and people were whingeing.
Nigeria was delayed and people were whingeing.
Atomic deal was announced and people were whingeing about dilution.
Q1 accounts have been filed and now people are whingeing about delays for re-listing.
Once we re-list I'm quite sure people will be whingeing about 'sellers'.
If it's 1p, people will whinge that it's not 2p

Conclusion?

People whinge, no matter what

I think it's safe to assume that they must have a very good idea re funding for mine construction now.

Management playing a blinder again

The unvarnished truth?

We're a producing oil company
Production has grown by 50% since Q1 accounts
We are currently suspended
We won't always be suspended
Nigeria is on hold
We've paid for licenses but we don't know what they are yet
We've paid to secure gas for Wyoming
Cuda owe us lots of $$$
There has been dilution
Oil price is on an upward trend

Everything else is speculation but hey, that's the point of a discussion board

I'm very much looking forward to the next few months

I'm going to waffle I expect so bear with me.

Nothing wrong at all with fantasizing about what we'll spend our money on if we make a decent return. Not just here but in many shares - your investment gives you the right to dream and hope that 'this is the one'.

In our case, I do believe we're in touching distance of what ,for some, will be life changing gains.

The problem is when to realise those gains. Some will have had a target of 1p so will sell and not look back. Some will look to slice a bit, reduce risk and let the rest run. Some will bite the bullet and let it all ride.
I've no idea for certain what I'll do just yet - my original plan has changed somewhat and I'll wait on more detail before making a decision.

From what we know at the moment, we will be seeing increased production moving forward and there's also the bloody big elephant in the room which is Nigeria. Oh, and possibly another acquisition.

Of course there are still risks. Nigeria could go nowhere, oil price could crash blah blah blah.

I'm sure there are many who've been in for 3+ years who would have settled for their money back 12 months ago.

Whatever you decide to do when we finally re-list just be happy with your decision and enjoy any gains you might have made.

This is supposed to be the fun part now!! Enjoy.

As at Q1 2021;

Assets: CAD$ 54.81
Liabilities: CAD$ 70.87
Mkt Cap: CAD$ 2.277

Nothing in particular to say just now but wanted to get shot of the C word subject header.

Funny that something perceived as negative for a lot of people should crop up now

Edgein, I was rather hoping that that pre-licence costs might relate to one or some of Cudas Canadian landholdings. It's going to be interesting for sure

He could always acquire CUDA

I think it's very magnanimous of Camkite to pitch up now and encourage us all to sell immediately on re-list.

I, for one, feel almost blessed that he's taking the time to grace us with his presence and wisdom.

It's just a shame that he didn't do the basics first and know we were main market.

Rank amateur

It's going to be pretty crazy I think.

HB pointed out that oil production for the 16 days to 31st March ave 706 bbls per day. We know that the 'serious' flooding began 1st April so we can expect a decent increase on these numbers.

In terms of the short term activities planned, some of them may have already started by now as what's included here is as at 31st March.

I'm intrigued by the pre-acquisition spend of $150K relating to another project.

There's a hell of a lot to look forward to over the next few months

Have to agree with Scooby here.

Working capital in relation to Songwe is covered by Talaxis.

So, if you're going to question someone's intelligence, it may be better to have done some research yourself first.

Whilst I wouldn't rule at a raise at some point, it won't be for Songwe.

I'd happily settle for PFS Bellers plus outstanding drilling results.
Cherry on top would be Newcrest announcing a stake in GGP.
There has to be something to provide a 'Thunderbirds' moment.

Ok, so he didn't use those words but he clearly implied that Hav tops any project he's previously worked on.

Vert nice indeed

I was very confident before this Q & A session.
Now, I'm really really really confident.
Great presentation - hopefully the SD knockers will now re-consider