Member Info for theyknowitall

SP action caused by poor retail sentiment due to BOD's actions
Placing with warrants at 5p
PB not connected yet or producing
Future drills not until H2
CPR not out yet
SP dilution

Currently 1900 BOPD and MCap of £80m makes it expensive

All about the long term with multiple drills in the Basin producing oil, thats why the institutions are not In yet

I have a significant holding and it should be really good but is all about 2023/24

Sadly Colin has really messed this up the last 4 months

Took more today at 3.5p
Can see this moving up above 4p and onwards soon
News flow soon

I fully expect to be making money
What makes you think they are not

Technical bottom is in
Took a lump in the 7’s.8’s.9’s and 10’s - about 2.5% actually
Re rate coming quickly with a good drilling RNS

Always buy when on offer

Welcome PP
100% agreed
Current revenues off setting cost base
Took some more in the placing
Flippers looked about Done
Only £9m MCap and £2.5m cash in the bank

Just silly cheap with Italian and Spanish assets

Bit, your a star, have taken 1.7m down here
Always buy when On offer
Just might TR1 next week
Think we will see good news soon

technically it is way oversold and buyers have given it volume

no sellers at 8p and MM'S had no stock left at 8.3p

I took another 100k at 8p and had an order in for 200k at 7.8p which Peel Hunt had
Not sure if its been actioned yet, hopefully will be completed in the morning
Always buy when one offer, shares are getting more tightly held by the day
Up to about 2.5% holding now if not even more
As many have said £5m MCap makes it a no brainer imo

GM tomorrow which will rubber stamp the £2.5m fund raise at 3.5p with 70m news shares hitting the market probably the next day I guess
SP holding up 20% above placing price which is a good sign as no forward selling
No warrants being issued is a great sign
Selva stake moving from 17% to 37% is great timing
Time to stake build as MCap is only £9m
Once permissions granted from the Ministrys for future production this will multiply many times from here, All just a waiting game

Lets see how long this stays down at these prices, good to add more if time allows me

PALM is on the main market not AIM so is limited to levels of dilution per year
20% max I think off the top of my head
RSI is at 21, this is oversold
RNS update on part 2 will be out soon as per January RNS

There are no 6p warrants left
12p warrants look like they will expire and not be exercised
Don’t see any near term need to raise funds

Picked up another 100k shares on Friday morning at 8.65p
Very kind of the sellers, over 2% now put away
Never thought I would pick all these up at this silly low MCap price of £5m
Australian assets makes this feel like it’s free
Only 67m shares and 6 holders with about 50%
Looks like the sell off from Januarys RNS is about over as shares getting more tightly held
Expect to see a move back up starting next week before the next RNS

IG - No suddenly about it, it’s just the way things go
I first bought at 0.55 and then got a load more between 2.3/2.8
Dilution always slows down SP growth but is a fact of life
Still a great investment but £1bn MCap is approx 10 bags from here where as it’s already done about 30 bags from £2.5m MCap
Nothing better than investing early in small MCap acompany’s sub £10m
I am doing similar investments in PXEN/PALM

Need some reality
MCap was £2.5m Oct 2020
MCap today is £80m
Was 500m shares now 1.6bn
It has done amazing things already
X32 bags already the MCap
The biggest gains have been had already
CPR will be good but will be sold into
Big gains will be with multi drill is in the PB which is 2023
2022 is a hold year with good but not massive gains
Just my view

I agree
1 discovery away from transformational

https://audioboom.com/posts/8026914-mark-routh-of-prospex-energy-funds-raised-will-more-than-double-the-company-s-current-holding-in

Very interesting listen
MCap £10m
£2.5m cash
Current revenues off set cost base

Blue it is, 4.05p with 500k on offer

The option to participate in the broker options at 3.50p ends today at 16.30
Alternatively the current price to buy on the open market is 3.80p
No warrants issued with the £2.4m raise for the Selva completion unlike previous ones undertaken by the old CEO
3.80p could look like a smart move moving forward as the shares pre raise were held tightly and I’m not sure the majority of the 62m new shares will be any different with a combination of existing orders and new holders
The so called churn I don’t think will be savage as there are no warrants this time around
GLA

Very undervalued at these prices in a sector where sentiment is currently poor
Best time to buy, not that many are taking the opportunity
One discovery away from being transformational