Member Info for TheBuffoon

Correct parislse. The size of the first tranche was limited to the mandate given to the board at the last AGM ( or any subsequent mandates voted for at subsequent GMs, of which I don’t think there were any). Buffy

didso, if you are a short term trader, maybe EME haven’t set your world on fire. For investors, having three such assets is very rare. Clearly you are either overleveraged, or you’ve invested money you shouldn’t have. This share will be a serious multibagger, of that I’m sure. Buffy

P.S. It seems that I managed to extend the word consultation though. Buffy

Hi Kalahari, I note that the agency rejected the requested to extend the consulatation period, although no hard numbers are quoted in this article. https://www.ewg.org/release/california-releases-draft-fracking-rules#.WkNpf7qnyhA Buffy

Seriously parislse, why are you bothering? You’ve divulged information that probably not one in a hundred would bother doing. He’s just winding you up. He’s a pathetic little man, who has no intention of declaring himself to you at the GM. You are giving him the oxygen he craves. Just filter him. If we all did that the board would be better off for it. He’s made his point, why not leave it there? Buffy

The disastrous worst case scenario that Jim wants to paint is that we may just have the Agadem assets in Niger and lots of cash to drill there. That’s it, isn’t it, sad man with a keyboard? Buffy

Jim, I think you are wilfully misrepresenting the situation. Is it the case you don’t understand what you are reading or you are short, or both. I’m not 100% certain, but I think it’s the case that if the deal went wrong we could use the money for drilling in Niger. If you are confident about your reading of the situation, why not explain it to us? The only reason for not doing so would be because you can’t. Buffy

Jim, stop being a moron*c tw*t. Buffy

Yes tweedlehappee, there will be dilution at some stage, but at least it will give us 35p per warrant exercised, and one assumes we needed to offer something to raise the money. I agree about PIs not being given the chance to buy some shares and get some warrants. Let’s be realistic, we are further down the food chain with nearly every company. Let’s not forget though, that we could all have easily bought at 31p today. I wonder how many on this board did. Buffy

It’s all about the context. For some “Forever coming yet never arriving " would not be undesirable. Anyway, I hope everyone has a great Christmas, and a healthy, happy and prosperous 2018. Buffy

We suspended at around 35p, we returned at 35p. The raise was at 35p Before the suspension we had the Niger assets and some money and intended to drill 3 wells After the suspension we have the Niger assets, some money, plus some more money and intend to drill 3 wells. We also have assets in Nigeria that are expected to produce an average free net cash flow per year over the next 5 years of $88m. All for 35p. The market cap is, accordingly, much larger. Not a disaster is it? Buffy

Give me a break joe, ADUK got lucky. They were going to relist on 19th until they messed up the bookbuild. He’s been talking nonsense for weeks and throwing his dummy out of the pram. By the way, if this goes to 15p I’ll sell everything and buy buy buy. Buffy

Hunkster, If we take emotion out of this, consider the following. The implied market cap is £313m according to the company. We will have $88m of net free cashflow per year, and we’ll have three fully funded very high COS wells drilled back to back. If presented with that, I’d be interested. I’m sure Zengas will be along with a much more comprehensive analysis, but I’m a simple soul. Buffy

Hunkster, the RNS says they’ll let us know. As you were...at best... Buffy

We suspended with a market cap of around £95m. Will we have more than 313/95 of the shares in issue at suspension? Buffy

Robberyrob, while I agree with much of what you say, we were expecting SAVP to resume trading this morning. It is unforgivable not to make it clear in yesterday’s RNS, or in a subsequent RNS, that this would not now be the case. While the business case may not have been compromised, it’s just disrespectful to your investors, so very bad PR. We all know we are as valued as chewing gum on the sole of Knotts carpet slippers, but the fact remains. Buffy

I don’t suppose anyone is holding their breath, but I’ve asked if there is any date in mind for the investor conference call that was suddenly cancelled prior to suspension. Things being suddenly cancelled is starting to become a habit with this company, isn’t it. Buffy

While some of what you say about some posters is undeniably true, you haven’t commented on the appallingly bad communication and/or poorly written RNS announcements. Were you expecting to be told that the bookbuild was either completed or unsuccessful, and were you expecting us to come out of suspension today? Buffy

The ASMA deal, coming when it did, was strange. My immediate impression was that it was a rescue deal, albeit appearing a smart strategic deal. Is there perhaps a problem with offering the fund different terms to others in the book build? Buffy

I read the situation as being that we could only give them $30m at this stage, as we had $220m already committed. We’ll soon find out. After 193 day’s suspended, I expect us to recommence trading at 08:00 tomorrow. Buffy