Member Info for stewart3250

I've been here 17 years, lost a packet on eme but I contine to hold and added a few million last week.

Eme have not enough funds to put in Mako field so they either part sell their holding on farm out or sell the lot.

Personally zi hope they sell the lot and that's an end to all these awful years, zi hope they go out with a decent figure from Mako.

Finally and a point which not many here have commented on, why did Coro who had 25% of Mako get ditched for was it 300k of Conrad shares, correct that figure if I am wrong.

Did Coro simply not pay Conrad what was due or is Mako valuation a factor in this and it isn't worth what we hope.

I have still to see a valuation of eme valuation with Mako don't they have bondholders to pay off and no income until it starts producing.

I don't wish to be negative but suffered here for 17 years and want out with something because every other venture has been awful.

Well said JBT, that's exactly how I understand it, I think Malcy by end of 2025 upped his target from 15p to 25p and then later to 50p also not sure who said 300p I think that's if oil was produced, it was an analyst company, cannot remember the name, but its east to find IF YOU LOOK.

I assume as you sold, its in your interest to try and talk it down to get back in

It will move if eme sell their stake once a farm out is completed

What the hell is that about, look at the share price in the comment its before the previous results, current price is 978p

Eddy,

Conrad are quick at doing things, you looked at the timeline for Mako. the well was drilled about 7 years ago.

I agree the Govt. were the problem but Conrad should have known this, lets hope they can farm down rapid to keep eme progressing. This is one reason why eme have so many shares and Coro are out. IMHO

Morning,

Be interested to see how you reach that valuation, genuine question, I have been trying to work it out for a while.

Sure do, not the only one, I could have sold out a few times but in the end decided to stay, most left when it dropped to the low point a few months ago.

I wrote them off but didn't sell, pleased I didn't, still well down,.

I would take 1p but that's a fantasy at the moment.

Yep, 2 good points, mostly crap, have quite a few million now, yesterday helped quite a bit

Interesting comment, I have been in eme for 17 years, how have you reached that conclusion based on its history, I would like to think your correct but like to see your calcs.

Yep all looks excellent to me, nice RNS

I have just had a look on CEG website and noticed Morgan Stanley are the biggest holder as at 22 June 2025 with 9.5%, is that an increase, seem to remember previously it was 8. something.

I also re-read the Uruguay details based on the small fall in share price, presumably due to no updates from CEG, I am still very encouraged having read the details again and happy with my 200K shares.

I will add more once I see progress on seismic and Area 3, be good news if Chevron is farmed out to Chevron as well.

His salary etc. are in the published accounts for all to see, stop being so pedantic, good grief.

Yes I noticed the top man sold was it about 10000 shares, didn't realise there were more.

Is that the reason for the fall yesterday and why would he sell anyway, could be for many reasons, he is well paid so doubt he needed the cash .

I'm not enjoying the share price or lack of any updates, been quite a while, if its so great get regular updates out

Have seen this dip some way over the last few months, I will stick with it having approx 200k shares but its not giving me too much confidence, they need to start reporting progress, lets not forget many including me remember BPC, totally different but many people still around.

The company need to back up the CEO interviews with news and what is going on, don't leave it months the price falls back with no news and doesn't encourage investors.

This from ADVFN Hope its ok to post BigSI

Results of Reprocessing due shortly

· The next stage of the Company's work program for AREA OFF-3, being technical analysis and interpretation ahead of updated mapping, prospect definition and volumetrics, has commenced, with anticipated completion in early Q3 2025. Once finalised, this work programme (similar in scope to that successfully undertaken for AREA OFF-1) is expected to underpin a formal farm-out process for AREA OFF-3 through the second half of 2025.

Afternoon, I hold just short of 800 Rolls Royce bought at 426p also hold Barclays, Nat West, Prudential also hold Challenger Energy about £7000 of those at just over 6p.

I have about £15K ready to invest sitting gaining nothing in our bank account, tempted to add RR with all of it but wondered if there were any views on any other good shares to buy, I looked at Fool he was about 5 years too late on prediction here and other sites seem very hit and miss.

Anyone here who bought RR must have decent judgement, be good for some thoughts and I know it would be an opinion.

T I A

Morning, I am not relying on Malcy, I was saying it was his top pick for 2025,

I bought these as soon as I saw the farm out with Chevron, see below

Chevron will acquire a 60% participating interest in AREA OFF-1 and will take on operatorship of the block.

CEG will retain a 40% non-operating interest in the block.

Challenger will receive US$12.5 million from Chevron on completion, and these funds will be used to support the further development of the business.

Chevron will carry 100% of Challenger’s share of the costs associated with the 3D seismic campaign on AREA OFF-1 block, up to a maximum of US$15 million net.

Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the block, Chevron will carry 50% of CEG’s share of costs associated with that well, up to a maximum of US$20 million net.

Yes, I understand that. However are they not waiting for permits to enable them to do the seismic on Off 1.

Surprised that others are not buying in here, looks a no brainer to me.