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HJI SutHy, i looked into the cash shell issue also, there are many examples where value has been added mainly short to medium term. So fingers crossed we are going to see something positive come out of this. I don't imagine for a minute the GB does not understand the mechanics of rule 15, so i'm hoping we will see something useful...hopefully leading to the all important 3 - 3.5 p

Agreed...my thoughts a couple of weeks ago. It is last chance saloon- It is an "Ardenne"......all or nothing ! Am watching like a hawk now . He's surely got to have something half decent to have swapped for the NOPTA rejection, 6 months time frame and a short fall of £ 3.5 Mil at very low oil prices, ....very tight it seems .

He's got to raise £3.5 mill in 6 months ? So got to have something in pipeline and will need to dilute at a decent level.? How else could he raise the required threshold ?

RNS today do you think? Something's afoot eh ?

Let's hope so, the golden 3.5 p and I'm outta here :- D

HI Suthy Hi Time to act....I am on the fence as to why he pulled out. However, I would have more confidence had we had a detailed explanation, which was very thin to say the least. I think 2.5 million will erode to about 2/2.1 before the next announcement (circe 1 year). I will keep adding a 20 quid 50 quid here and there, so as to average down and facilitate as earliest an exit as possible once a rise comes- all based of course on getting out with my initial (which was in the Puntland days). Anything above the initial would be a bonus. Like I said before, something will happen when the BD see an opportunity to push price up (ethical or not), and that's all I'm keeping an eye on. Luckily my eggs are not all in tis 1 Basket. I just don't think GB cuts it in the exploration industry and is little more than a "chancer". That said, I put my money in with a gambler's logic- so I just gotta wait it out whilst still averaging down. I agree with Time to act though, GB's cycle for raising funds does seem repetitive and rehearsed after so many similar occurrences and all within worryingly similar time frames. Am I bitter....too f right !! ;-/

well, it was to be expected as in my previous post. It's at least a year if not more before anything happens. The profile is the same 1 1/2 years of nothing, then a project to raise capital, then a dilution, and on and on. I am in for quite a bit. its all in a SIPP, so it can sit there until 3p and im a gonner ! If I'd put it in my tech funds 1'd 40% up noe after 8 years C U all Later SWIFY

that's the problem !! :-)

HI Suthy....it ties in with GB's declining of NOPTA licence perhaps- it's speculative, but possible- especially given RMP's involvement in the North Slope already. I hope we get some direction in the GM- we might want to keep our eye on this. "2 x drills 2021" ....I'll just keep adding my 30-50 free regular with interactive each month. I still want out though at 3 / 4 p will do me fine (2.5 p doesn't cut it as its actual my average input since Puntland. Regards

HI Time to act , I just seen this- could we be seeing a RMP farm in here ? "88 Energy Ltd (AIM: 88E) is continuing its high reward strategy towards making a multi-billion barrel oil discovery in Alaska. In fact, it’s more emboldened than ever, doubling down on its North Slope ambitions and acquiring 100% of Project Peregrine......(goes on to say)....88E intends to secure a farm in partner and drill two, low cost wells to explore Project Peregrine in early 2021. Given the size of the prize and the leverage to near term upside here, we would expect the farm in process to be a success. We’ve seen 88E’s share price move upward in the lead up to drilling events before, and we expect to see something similar to unfold in the lead up to its early 2021 drilling.

you mean google finance ?

OMG !!

Agreed, i can wait, but to be honest 50 quid a throw each month at this price is a pittance- it can't sink any lower IMO. but, yes, am all over it at work place ! 2p gets my initial back- 2.5 gets a week away with the family . Red Emperor my arse...should be renamed " Red Herring" ! Everything about it stinks- the hype, the ****e RNS's, the 1 year between each opportunity, the "spread" lock in....I feel ...violated TBO ;-D still i can't afford to sell and realize a paper loss...I just gotta wait and time it right ! Cheers

I also think the days of large spikes are much weaker; the confidence in the company is almost non existent after all the failures, ambiguous RNS's and finally- the NOPTA episode- I am curious as to what happened there, but I am also sceptical as to whether we will get a detailed explanation in the GM. Hence for me, it is now all about damage limitation. The best solution is s to keep averaging down with the odd 50 quid here and there, and set my sights on a 2.5 / 3pm exit as GB is sure to dilute and play the same game again and again. 2.5 /3p It will come, but I think we are looking at months rather than weeks. Am i bitter - too F right I am...but if i come out with my initial + a few quid, I'm ok with it as it sits in a SIPP anyway.

I too have been stuck since Puntland, I have missed 2 chances to exit due to timing more than anything else as you cant always be around to intercept the wild swings. I watch this like a hawk now- every evening and morning on the dot. I don't see much happening here for 6 - 12 months; it will bumble along at cash value. I kind of feel 2.5 mill is not alot in the oil game, and as a consequence RMP is IMO a last chance saloon. I may be wrong, but as far as i am concerned i just been averaging down and will be a gonner at 2.5 - 3p. Never again in AIM ! And yes, I do blame myself for falling for all the hype gone by. G L everyone.

Yep that shocked me also. I really felt this could get to 2 2.5p so i could exit with all my losses recouped with some profit on top. I was quietly confident after his "upbeat" announcement. Yet the Price hasn't dropped as much as i thought, showing we are already rock-bottom with cash value only. So crux of my gripe! I'm locked in again not wanting to realise a loss!! All I want is my initial back with a few quid for my troubles since Puntland. I understand the "timing" equation and the risks; but at the same time I can help feeling the RNSs are manipulative and void of any detail. I have no choice I suppose, and the dosh / shares are all in a SIPP so no pressure bto sell. That said, i just gotta wait it out with something to show. Then I'm gone !! Bye Bye Greg & RIP (sorry meant RMP) forever !! All my regular SIPP funds have outperformed this debacle dozens of time over !! Sorry people- just my honest thought .

hi Mindshadow, that's not a million miles from my situation. I stretch all the way back to Puntland and missed the opportunities in the last two drills also (4p +). At what point / price do you think the dilution will come? Just before drill commences , or does it tend to be just before drill results. I what out at 5 p and that will be it for me. regards

IMO they made it quite clear the nature of the delay was due to depressed oil price and Covid- so its just a case of holding. Its just a question of time. Check in every day , both on Aim and ASX, and set yourself an RSN alert. No need to stress over it. What's ma few weeks more after waiting and accumulating over the last few years eh ?

HI Suthy, you reckon on dilution between licence news and drill announcement ?

HI Suthy- did it say drill announcement 15 days after renewal for sure ? - I seemed to have missed that, regards