Member Info for theyknowitall

https://www.**********.co.uk/articles/mark-routh-of-prospex-energy-discusses-their-transformational-acquisition-of-the-selva-gas-field-9d16212/

The Company will issue investors in the Placing and the Broker Option with one warrant for every four Placing Shares or Broker Option Shares subscribed, meaning that a total of up to 66,000,000 warrants will be issued to subscribe for 66,000,000 new Ordinary Shares ("Investor Warrants"), assuming the Broker Option is taken up in full. The Investor Warrants will be exercisable at a price of 7. 5 pence per Ordinary Share for a period of three years from the date of issue.



The Company is proposing to issue TPI with up to 17,600,000 warrants to subscribe for 17,600,000 new Ordinary Shares ("Broker Warrants"), subject to full subscription under the Broker Option. The Broker Warrants are exercisable at a price of 7. 5 pence per Ordinary share for a period of three years from the date of the GM. TPI shall also receive commission on the exercise of the Investor Warrants and additional warrants equivalent to ten per cent. of the aggregate value of Investor Warrants exercised, such figure to be divided by the exercise price of 11.25 pence ("Additional Broker Warrants"). Up to 4,400,000 Additional Broker Warrants to subscribe for 4,400,000 new Ordinary Shares will be granted, assuming the Broker Option is taken up in full and that all Investor Warrants are validly exercised. The Additional Broker Warrants will be issued in tranches and will be exercisable at a price of 11.25 pence per Ordinary share for a period of three years from the date of issue.

80m warrants at 7.5p will slow any fast sprint to double digits

Once they are exercised and multi drilling in the PB then more like 30p next year.

This time next year as once famously said

Good deal for Prospex Energy, Natural Gas prices were €40 when the deal was struck last July / August and now over €100 but the price for the deal remained unchanged.

My long term end game target price is based on £1bn MCap. The SP will be dependent on future plans by Colin. Eg warrants, placings, JV’s , dilution etc etc so it’s difficult to judge the SP but my few is a range between 40p to 60p

Hi KP and thebhoys

All looking good but I have been very disappointed in the comm's and placing these past few months

The big money was made from 0.55p to 7p last year and then next 2 years once the multiple wells are producing in the PB up to 30/40p hopefully

I like investing in exciting sub £10m MCap company's so have taken 50% of my holding out of ZPHR now the MCap is over £100m having first invested at 0.55p and then bought loads more sub 3p

I have now taken over 3% TR1 holdings in PALM and PXEN which I am also very excited about at sub £10m MCap and expect them both to do the same as ZPHR has.
Most importantly they have great leaders just like Colin

GLA

Wont be seeing 8p again that's for sure

Good business today

20% and 36% stakes with exposure and no costs

What people dont know is what assets are fulcrum bringing to the table

Not a chance ffs, get real
No TR1 RNS from the 5p placing so load of rubbish about delayed trades and stake building
Could of taken the whole placing a 5p if they wanted
Only I TR1 holder here, no sign yet if anyone else apart from Tyndall’s

8.9p is my buy from lunchtime, also 2 others afterwards as well
Adding to my position, nearly 4% now

Expect this to move up from here as very little stock at 9p available
All very quiet

INTESA Inter governmental agreement Q2 / May authorising the production licence is the process currently on going.

LedZep I agree and also expecting Selva Field 20% asset increase RNS any day and then Regional Govt production licence approval in May

Once that is done then off we go, so cheap £9m MCap

Spain and Italian assets with existing production, pre drilled and lots of near term drill targets

Massively under the radar

Meeeooow
Next resistance 4.7p
Cheap as chips, MCap only £10m

Quality update
Mark proving to be the leader this business has much needed to optimise the assets which have long been highly regarded but not delivered on
Can see why TR1 holders have been adding these past few days
Future looking very good indeed

And dont forget the warrants as mates rates would appear not enough to get it over the line on its own
Sentiment is key on AIM

thebhoys
All good thanks
I am just not on the same page over this episode, good to be able to discuss
I have moved 2m shares out since Dec and increased my PXEN holding to over 5% with latest fund raise as MCap only £9m and in the Gas sector so reminds me of zphr 12 months ago when this was 2p
What we can both agree is that zphr will be exceptional in 2 years time when it’s been multi drilling the PB
Personally I am disappointed and decided to take a step back and consider SP action over the next 6 months and where best it may come from
If the SP is still around 10/15p region later this year I will buy back the 2m I’ve sold. Still happy to keep core holding of 4m
Hope your home is ace

Sellers being soaked up by LTH's
Expect to see more TR1 holders adding I reckon, time will tell
Cheap down here with gas prices many multiples up

The MCAP is expensive for 1900 bopd
Its all built around the amazing opportunity and upside
The simple fact is Coin needs to get producing
Colin has done an amazing job but just did one thing wrong and that was not to have the finance secured before he announced the deal
It obvious to anyone and he basically said it
All water under the bridge but only calling it as I see it, no point being in a echo chamber
I first invested at 0.55p and sunk 6 figures in at 2.3/3.6p so have a significant holding
This will be fine but recent events I dont believe have been very good imo
We are where we are as they say

thebhoys
In my mind he got himself backed into a corner and the placing was a firesale to keep the non refundable $3m deposit as he hadn't buttoned down the finance before he announced the deal
It is what it is but its not been his finest hour these past few months
Long term is all good and and long term is now a bit longer
Just my view, its obvious sentiment has been lost and no sight of big institutional investors yet
No new TR1 holders from the placing
Its been stalling and needs to get going again
Hope your all good