Member Info for StellaOne

MrH - can I ask, were you known by a previous name prior to 2017?

MrH - of course I don't really want it to get any lower, as looking at paper loses against the previous paper profit really hurts. But I still have faith (blind faith).

MrH, yeah if we can get back down to 0.02, it will be my last top up but bring my average down a fair bit.

To average down.

MrH, I based it on the fact we have just over 5.72billion shares.

MrH, but looking at your figures, $8 million is about £6 million which would give a share price of 0.1. I can't figure why you say 0.2 to 0.35. Didn't think EME had anything else of any value.

MrH - I did answer your query. What do you think the share price will/could get to now?

Apart from the $2 million we initially paid for our 8.5% share and about $1 million towards a drill, but I can't find how much we have put into Mako.

Coro put in $4.8 million and then $10.5 million towards the drill (cost between $17-19 million) plus maybe more and walked away with about $1 million worth of shares in Conrad, after paying $300,000 to get out. Doesn't make sense to me, knowing how much gas is there.

The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported from the basin by pipeline to Singapore. The competent person's report commissioned as part of Conrad's IPO late last year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to US$266m net to Empyrean).

9th Sept 2022 our 8.5% of Mako had a value of USD 49 million NPV and that is why I decided to invest here.

If there was to be a placing, it will be announced that they raised x amount at say between 0.1 to 0.12, whilst we were at 0.15, which will look like it was at a premium, but was forward sold for the sharks to have made between 20-50% at us PI's cost.

Considering all the placings they've had to fund Mako, how much have we paid to lose it now.

MrH, a few days ago we were at 0.15 with a MCAP of £8.5 million, so I don't believe we will get to 0.2 to have a MCAP of £11.4 million.

I very much doubt the share price will even get to 0.2.

Interesting, they'll take 42 million off me in one go.

Fell, same

Getting bored of this now.

Yes, increased for small amounts. Will take 26 million now but wouldn't earlier. Can't buy even 2 million though.

Going down on HL. Sell 0.13 and Buy 0.134. Been looking to buy more but keeps going down slightly.

I don't believe we intend to hold onto our 8.5% for the next 12 years.