Member Info for steve58

Looking back we seem to have had an investor chat meeting for the last three quarters the last one being last December. We are due another one soon.

It could be an oversight or just they have nothing of note to talk to shareholders about.

Agreed.

I've lost almost six figures in nearly 30 years of investing.

I think they were very unlucky with buffalo.

If only 40000 at $100 plus.

They are now doing their best with the cash and resources they have.

Still rather dubious about the information they received about the huge buffalo resources in place which were apparently not.

We may hear something further regarding this.

Should have been a 95% reduction in salaries.
Only 60% achieved.

Looking at the report it was based somewhat on out of date information.
I'm sure they have a disclaimer in place regarding any liability in case of failure of drill using their information.

Anything possible.

Sp of .75 to 1.25p would be brilliant for many shareholders.

Would like to think at least a couple of projects.
Was under the impression would be a few months at least.
Now options granted imo months will now be weeks.
Companies always issue options at a considerable discount to what the expected sp will be so hopefully we should be looking north of .5p on the first deal.
Looking forward to better times ahead.

Sorry should have thanked you instead.
Have a good day.

Thanks Chris.
Must have read it wrong.

Morning Chris and Frank.

A bit more dilution.

About another 130 million shares to be issue if sp stays at the same level.

Regarding the AD plants, I didn’t realise they only had a commercial life of six years.

If costing in excess of a million pounds each is the amount of income in six years really worth the outlay.

Another problem is at the current rate of acquisitions more will cease to be commercially viable than are being acquired.

Some strategy.

Must mean that some sort of deal is not too far away.
Although I thought any options may have been at nearer .5p or higher.
If a good deal is done then at .3p he will make some real money and shareholders claw back some of their losses.
Hopefully some positive movement in the sp today.

I think the main problem is that their loyalties are elsewhere. It seems they are directors in name only. Should have changed our name to soslow.

They have fifteen months to do x no of ad plant deals if memory serves me right or lose their exclusivity rights.

The Aminex RNS of 2nd February stated that the shooting of seismic was imminent.

The weather has been quite good since.

3D seismic takes about 6 weeks which means that if they haven’t had too many interruptions it may be completed very soon.

Not sure if results will show a potential upgrade to gas in place.

Maybe a catalyst for some positive movement in the sp.

Good Morning Chris.
That £500,000 will come in very useful.
Regarding seismic the weather seems very good so maybe things are moving.

See news release 02.12.2021.(proactive)

3D to be completed late q1 2022 when wet season abates.

Weather dry now so not long to wait

Good Morning Chris.

Weather at drilling site looking reasonable.

3D seismic usually takes about 6 weeks.

I assume it has started so hopefully not to long for results.

That's good to hear.
So as long as they have the raw materials which I assume costs virtually nothing then a very good profit should be made.

Fertiliser prices on the rise.

News on another deal or expansion of existing one would be welcome.

Does make you wonder why we are spending millions and years drilling if we already have a share of two wells that have been suspended for production.

Not sure but is gas used to produce fertiliser.
If so our profit margin will be eroded.
Maybe the wrong strategy at the wrong time.
I will look into it.

That will be something to look forward to.

We haven't heard a word about restarting kiliwani North.
I'm sure the cashflow would come in very handy.

If only that aborted deal had gone through.

At least £50 million a year cash would have been coming in mc at least £300 million and a share price 100 times what it is now.

Back to reality.

Good afternoon Chris.
Another dreary day here as usual.
Let's hope some of the energy hub comes our way.
It does look as if no acceptable offers have been forthcoming and we are seeing it through to drilling. As for seeing it through to production I think they would have sold out by then.
I assume the seismic must be well under way so hope for some news soon.

At least weather warming up at last.