Member Info for steve58

Imo may as well do the same as with ukog.

No more cash calls.

All moving at a snails pace over there at the moment.

Over 12% held by directors and employees assuming nr has kept his
and subscribed for his additional ones.

Vote of confidence by the board.

Busy day.

Read it wrong my apologies.

Not very impressive take up.

Over 600 million shares now so dilution still a problem.

What does concern me is if an oil major makes an offer of say 500 million for horse hill, solo would get about 23 million for their shares. If the original 9.75% would have been kept would have been 48 million. Quite a loss to shareholders.

It all depends whether a sale is sooner than later. If original stake was held there would have been millions of expenditure before monetisation eating into the profit when eventually sold.

Part of me thinks I should have taken my allocation of about 75000 shares but decided not too at the moment.

Feel that I hold enough here already so think the right decision made.

Reckon we will sell on announcement of commerciality.

If investment would have remained as it was, there would have been millions spent to production.

Would have been years away from any profit. I’m hoping once testing is complete some oil major will just buy up horse hill. It’s whether the sums involved would have reaped more if our old stake would have been kept.

Whatever happens in the coming months I think the shareholders will be rewarded.

As for Ruvuma I just wonder if aminex shareholders will vote it through. Problem is if they don’t what other option would be left. I’m not sure if solo will keep their 25% or sell out if the right offer came along.

I would think about 10% to be retained on a free carry would be ideal or shares in the investor as with Ukog.

Should be interesting whatever the bod decide.

So we now have approx 33% as we own 4.5% of Ukogs 70%.

Correct me if I’m wrong.

10p. £23,404,222

20p. £46,808,444

I’ll stop now as mustn’t get greedy

Looking good.

Got it wrong.

As only shares in ukog an rns may not appear.

Horizontal Wells beinget mentioned.

Also commeriality.

Can see an oil major coming in soon.

Looks good to me.

Still wonder if we should have kept our 9.75%.

Subject to more dilution should hopefully increase when test results are announced.

I wonder if solo have a figure in mind that will trigger a partial/complete sale of its shareholding.

Interesting week ahead.

Sp moving up.

A Friday pm rns maybe.

Wyndham luxury hotel in Perth as far as I can make out.

Although nxt website doesn’t change much.

As for relisting it sounded like never.

But things can change.

The investment profile of the company was changed at the agm.

I do hope that the next news update is soon and better than some of the others we have had.

Regarding the company that purchased civex assets they have been around many years look very professional and the limestone blocks have appeared on their website. If the board had wanted to wind up the company they certainly would not have made the nxt investment.

Thanks for that.

I need a bit of luck here nearly six figures invested.

Decided not to bother with taking up my allocation.

Wouldn’t really make a huge difference to my 15p average.

E mailed Robert Porter.

Very promt reply.

All agm resolutions were passed.

No plans to relist the shares.

I think hotel in Perth is nearly complete so nxt investment could get interesting.

I think that just about sums it up.

We can take a healthy profit much quicker than just having a stake in it whilst not having to spend further money on drilling and field development.

We can’t quantify the amounts involved but probably would have been many millions.

Still not sure if taking up my allocation as feel I have enough here already.

We have to be as positive as we can. Solo decided to sell and take the shares. This was done with the intention to monetise the shares quickly at little cost. A return to shareholders could be a matter of months away instead if years.

If investment had been left as it was more expense and time would have been needed to monetise it.

I think a percentage will be kept until production but the bulk of it will be sold as soon as a reasonable profit can be made and a return made to shareholders.