Member Info for tidd83

Not sure anybody was wetting their pants and I made the point around diversification which would agree with your point on being part of the solution. The market is plenty big enough for everyone. I think the highlighted point is that capital is being spent to build up the infrastructure and a clear message of being self sufficient has been made. That speaks wonders.

It was spotted on one of the twitter groups by a fellow poster “amurray” but definitely worthwhile sharing here. The diversification of energy in Bots is increasing, I have no doubt that anything that can be produced in country and considered clean and cost effective will be brought online. We already know CBM has been included in the mix based on the Ministry announcement and the subsequent RFP. Right ahead of the pack is Tlou and these guys are ready to deliver.

Apologies loan is cad $15m.

And by “isn’t payable” I mean isn’t serviceable. That is when payments commence not the due date of repayment. There should also be potential to renogiate, think from memory interest currently stood at 8%.

Loan is for CAD $9m, they hold $5m cash in the bank as one of the caveats on the loan. Loan isn’t payable until Jan 2019 by which time they should be well on their way to some series production.

Https://af.reuters.com/article/commoditiesNews/idAFL8N1PH2M9 “The project will open an opportunity to reduce dependency on power imports from Namibia, Zimbabwe and Zambia as we shall have our own infrastructure to meet the local demand for electricity,” said BPC Chief Executive Stefan Schwarzfischer.

And it all begins tomorrow. http://www.valuethemarkets.com/index.php/2018/01/21/touchstone-exploration-2000bopd-sight-get-ready-news-flow-blitz/

And we are blue.

II buying on market having already increased to 9.9% in recent raise.

£13m mcap

Markets not even opened yet, let them sort the price - spread will be much tighter obviously.

Excellent news and way above expectations! Got to admit, UOG is a prime example of a company to invest in. Excellent and proven ex Tiullow BOD and quality assets. Jamaica kicks off April which the market has largely ignored. That is one enormous potential and something a company of this size would not normally have access to. And then we have today’s discovery, without a doubt UOG wins hands down.

Hah nevo. We’ve seen how quickly this moves when people catch on. Just keep buying the dips, eventually demand will send this through the roof..

Reserves news are down to SRK. As soon as they have completed we will know.

pa_richards I suggest you brush up on some facts before you challenge me. An order was filled last week for some £50k, there were multiple confirmed orders in place. So yes, I stand by what I stated as for ramping, id suggest you look closer to home with your uk oil favourite?

http://amp.irishexaminer.com/breakingnews/business/united-oil-shares-jump-12-on-uk-deal-823185.html?__twitter_impression=true

12 months to sleep well, certainly reviewable at the end of the year. In the mean time let us see how the next 10 wells proceed. I also note the inclusion of a second rig, seems these will be fast tracked. Another additional 5-10 wells in H2 perhaps, plausible or else what’s the rush?

Ross, debt stands at £8.75m and is non serviceable until jan 2019 at an 8% interest rate. I’d likely assume that debt will be restructured on our around the time of repayment and cash flows should be more than sustainable to repay. Additionally, a requirement to hold circa $5m on the books is also a clause of the loan term so, hardly a significant chain around the neck as you portray.

That’s ok pa_richards. Given that there have been confirmed sizeable orders on the books I’ll stick to my analogy.

Ross read the RNS in its entirety.. “The Company completed five recompletions in December 2017, bringing the total number of recompletions performed in 2017 to 20. The recompletions were perforated prior to year-end; however, the incremental production impact will not be realized until the end of January once all load fluids have been recovered and production has stabilized. The Company is targeting to perform 24 recompletions in 2018.�” Given TXP are modest and do not realise additional flows on new wells for upto 90 days I can’t imagine they’ll contribute the recompletions immediately either and the above paragraph explains that point. Emphasis is the point of “realised in January”