Member Info for steve58

Looks like amount due to APT but I think it is also included in current assets.

Could be regarding further expenditure on Ruvuma since the sale was first agreed with APT picking up the tab.

So gets advanced and repaid cancelling itself out.

I thought the cash raised recently was for drilling purposes.

A breakdown between oil water and drilling fluid would be interesting.

Hopefully as well is cleaned up oil will form a much larger percentage.

Considering the company is hardly doing anything, £600k legal and professional fees in six months certainly takes some beating.

A detailed breakdown would be most interesting.

How on earth are they going to make a profit?

Morning Chris.

Another set of bumper results.

Seems EAG are having other investors in their business because we are basically skint.

The AD plant is becoming expensive to run and with electricity prices falling doesn’t bode well for the future.

Good afternoon Chris.

Hope you are bearing up under the constant news here. The board must be sleeping most days.

Over 15 months since this fantastic deal was done.

Just how long does it take to sign a piece of paper.

All of the AD investments are slipping away as the months go by and of course the petty cash must be almost empty by now.

Utterley disgraceful show by the board.

Hopefully.

We will know straight away if the news is good.

Noticed in the last one the omission of the word pleased.

Ujo state in their recent accounts that due to the rules and regulations in the uk slowing up progress, they are looking further afield for self financing oil producing projects.

Hence the initial investment in Beacon.

Share buybacks seem to have stopped so money being used for investment purposes instead.

Could be a very interesting situation here in the coming months.

Wouldn't be surprised to see UJO getting to 30% within a year or so.

They are generating quite a few million in free cashflow.

A good rns.

Union jack are a well run outfit with good cashflow. They seem to know Bottomley and co so maybe more increases in stake to follow.

Union Jack Oil have disclosed an above 3% holding in Beacon.

Not sure when it was as they mentioned they were looking forward to the testing of the well.

Bodes well for the future.

Imo they have the spare cash to increase stake and possibly a takeover bid in the months ahead.

Over four years in office.

£10 million wasted on a name change for a now abandoned business and a half owned cess pit generating ever smaller returns as the electricity generated price continues to fall.

Looking forward to the fertilizer offshoot.

At least that should make something grow not the company however.

With oil prices stiĺl rising those earlier figures wiĺl increase further.

Hope so or yet another longstop extention.

Meaning the board will do nothing for yet another month.

Even at 250 a day that’s still £4 million profit after extraction costs.

Not to be sniffed at.

Ramped up to 900 plus about £15 million profit.

Hopefully news soon.

Seems very familiar director smiling and overflowing with confidence.

Not a very pleased investor.

Crept the rns in after hours as well.

What other surprises have they got in store for shareholders.

Just been emailed their first newsletter.

Things definitely moving.

We just need that elusive ipo

Can’t seem to copy it over.

Probably have to e mail them to get a copy.

Similar to ours although we should be in production sooner.

They should have made a bid.

Would have been cold winds eminating from the north sea but at least they could partly justify the company name.

Fermenting cow dung just doesn't have the same feel good factor.

If they know the results today we may have an after hours rns.

Sometimes it can be very difficult to keep news a secret over the weekend.