Member Info for V111JAS

I know there has been an increase in the share issue , but remember that when PH bragged about 1000 Boepd the share price shot up to 17p ?
2000 Boepd ~ PROVEN ! ~ surely we would need to add a 0 to the current c. 3p .

~ Just as well AJW posts here to keep our feet on the ground ;))
GLA .

21.18 : Well I hope it will be after Wednesday !
I`ve been buying more this week and intend to have another couple of bites next week at this absolutely absurd price .
What ever happens , whoever wins , no matter what the outcome (and there are many strange questions to be clarified here .)
the valuation placed on this Company is , imo , beyond stupid .
I believe that the reason we have this ridiculous valuation is in the main due appalling sentiment that has been largely decimated by operational errors , very poor PR and a complete lack of trust and respect for the CEO .
Regardless , fundamentals always win out in the end and it would seem to be almost certain that the value in the business will be recognised in the very near future ,
GLA .

Never mind `End of Q4` , we are now into Q2 !
I suspect that if there was a likely problem with Woods , I think we would have been advised and more important , a search for an alternative would have been well underway by now .
We may be frustrated by the present delay , but I suspect once agreements have been signed operations will rapidly gain unstoppable momentum .
Especially frustrating at the moment as as confirmation of a commercial arrangement with Woods would immediately accelerate any suspended development plans and surely open many new opportunities for the business .
As others have mentioned , even at this point in time we are significantly undervalued when compared with our peer group .
GLA

activity this afternoon . Very difficult to buy at times and unable to sell for most of the afternoon , this is an extraordinary situation for such a Company . Why are the MM`s seemingly unable to maintain liquidity and an orderly market ?
The BoD are most definitely fully aware about what is going on , yet :
No comment . No explanation . No action .
This behaviour is really Extraordinary , Irresponsible , and imo , totally unacceptable .

AJW ; More confetti in May is bad enough , but another dollop in June would be taking the proverbial .
The amount of additional shares will likely have zero effect on the activities of this `Concert Party`.
Does your suggestion that it might , raise the question of possible serious concern about this issue at Board level ?
As we are debt free and it would be for a short period why not a loan ? Indeed why not borrow some cash to get a move on with some of the other additional developments ? Get the damned share price UP , that`s the best deterrent against corporate piracy .
( Perhaps even use the Company Barclay card ! ~~~ or even Paypal ! ! ~~~ but stop dragging weed .)

No disagreement from me Thordon .
The whole system is full of holes . There will be many other means of `Averaging Down` , some just about legal , some blatantly illegal . Unfortunately the authorities are under resourced , under equipped and overwhelmed to deal with these sort of practices , particularly with piddly Aim Companies and especially with Companies operating in overseas territories and I imagine a tiny operation in an ex Communist Country will just never make the cut . Even the penalties ~ IF caught `~ are hardly any deterrent .
I have no doubt that the BoD WILL know what`s going on , but what can they do about it ? The cost of legal action v`s CoS will probably negate a response , their best course of action will be to get the business operational and profitable and get on with it as quickly as possible , which is what we hope they will be doing .
We can of course always hope that there`s a white knight lurking in the background . Then of course we have the Gazprom problem . I would have thought that Gazprom would not be too pleased about the success of any Company in Georgia disrupting their Gas sales , but that raises another conundrum ~ Gazprom may be the perfect customer for a party asset stripping Block .
Bottom line , imo , nobody really knows what the hell`s going on and that certainly includes myself .
Six weeks PH ~~~ Six Weeks , and please no more spivery !

If we are talking about the two 9,354,440 trades I would be almost certain they represent a rollover .
( One hell`uv a big one ! ) But I do agree that the reporting of trades today is somewhat of a mystery !
As you say `Very Strange` , perhaps we`ll pick up momentum again as the week unfolds .

Good post Spudsoil .
I feel I`ve been somewhat duped ~ Again !
Two positive updates , 100k purchase and then the rug pulled out .
I`m going to stay put in anticipation that the updates that we will get on 16 / 38 and Gas sales in May will eventually make this
18k Mkt Cap look totally ridiculous , which it is .
Iirc ~ I accept that there have been many fundamental structural and financial changes over the last 18 months , but when PH bragged about 10000 Bopd we hit 17P , now 44000 in Q1 and we are c. 3p . So many of the problems facing this business are a direct responsibility of the management by PH . His only claim of success , as far as I`m concerned has been the Schlumberger deal , otherwise his tenure has been a disaster ~ as far as I`m concerned .
One way or another , either through takeover or a valuation advance based on asset production and revenue , this simply has to move the sp sharply northward . I`m going to wait another six weeks or so to re-evaluate .
I don`t care for this Company anymore , but stubbornly I want a return , preferably through organic growth , but any takeover is likely to double the sp and will be a signal for me to dump it .
I should know better , never invest in a Company where you don`t trust the CEO .
( Also ~ should a T/O ever materialse , I certainly would NOT trust that `Concert Party` to advance my interests !)
VGLA .

~ 12 Months , nope !
Often the average price over the last 30 days .

Let`s be seeing the Woody for the Trees DP .........
Next week would do nicely !

Ha ! ~~~ Yes Roadrunnr , The old Hydrogen bubble ;)
GL

Alcoops : I could only unearth similar information about MNRG . Clearly some strategy or at least forward plan has been discussed with DP , but we don`t really know if any firm agreement has been reached or for what that might be .
I can`t say I was particularly excited about their historical performance and if they are to embark on an EQT type operation I think they will required some serious financial muscle ~ probably lots of it . These sort of people do not go cashing rainbows and they must have thought carefully about how to expand their future interests . If they do embark on such a strategy , it is yet another endorsement of the potential for EQT
Perhaps this will just be a stand alone satellite operation utilising EQT tech / expertise . Perhaps this might an experimental vehicle for advancing the Hydrogen issue .
fwiw ~ I just don`t know and I don`t see this as significant at this point in time within the wider scheme of EQT forward plans ~ but , just my opinion not fact supported , and I could be very wide of the mark .
ATB .

Norfolk ; iirc ~ Reg was looking for / hoping for twice that .
Now I think he will probably have to wait for 2022 for his 50p !
Fingers crossed for that ;)

~ " my share price prediction is 4 x this which = close to my 24p end of year price prediction. " ~
Slightly more than my prediction / hope , bring it on !

As usual ; terrific knowledgable posting aandi .
Certainly one of the best , idiot free , information loaded BB`s on LSE . Many thanks for your invaluable contribution .

Having now had the opportunity to study the 7th Opps update and the April presentation a little more closely , I am amazed that this Company has a paltry market cap of c . 18 M GBP . We all know Mr Market plays funny buggers with every aspect of pricing , trades and valuations , but this borders on the point of either stupidity or corruption . The market is not that stupid , which leads me to believe there have been / are , more than the dark forces Misery Malcy and Oily Old Jim feverishly working at sentiment destruction . Unfortunately their combined murky methods do seem to work , at least in the short term , so the release of these documents are a very timely (just in time for me !) reminder that all is not lost and there would seem to be everything to play for . Surely there`s enough cash in the Bank now to stop this share give away , it`s begining to look somewhat disingenuous .
I would expect some strong forward momentum ahead of the May / June drill . Should that prove a success , a very strong 2nd half would seem possible , even likely . That `Concert Party` may not achieve their original objective , but the irony is they will still likely be huge beneficiaries . I see that the Jersey crowd have upped their stake to 5%+ , so perhaps they have already change tack , and the boys in the wooly skirts should be able to buy enough 25year old malt to float an aircraft carrier .
Next week should be interesting .
GLA

AJW ~ 08.55 ~ A Very good point , I never thought about that !

Anyway , It looks as if The Gods heard my bemoaning the share price .
Index finger removed from the hover position above that sell button !

The perfectly valid concern regarding valuation raised by investors brings into focus the question ~ WHY ?
Why would the Directors not provide greater clarity regarding prospects , timing , production and and revenue ?
Why would the Directors be seemingly unconcerned about the drift in valuation ?
Surely if the current mkt cap deteriorates any further , they may as well put up a `For Sale` notice .
Which is presumably what the `Concert Party` would wish and if you believe in conspiracy theories it may be the reason we are at this silly price and why the Directors may just be keeping their powder dry .
Let`s hope they`ve got plenty left to fight an unwanted approach but a low valuation can in no way be in the interests of the business , only in the interests of those `Paid` in shares .
Jury still out on management by PH .
Bottom line for me ~ I`m getting really bored with all this non value generative Company while I watch other possibilities elsewhere doing really well .
Like Scooby ~ finger twitching over the sell and to hell with it button .

aandi ; Thanks for posting some of the substance behind my `Gut Feeling ` !
At the more tangible level , the sp volumes / non-movement / silly spread leads me to believe that positions are being discretely accommodated . Of course that`s exactly what the new Broker would do . Canacord will have had interested parties before they signed up with EQT , their sp assessment is barely exciting so I presume they would not wish it to shoot up until their favoured clients have finished any stake building , and of course ; the South West Coast of Canada is not too dissimilar to the North Fork environment ....... etc
Such an exciting investment on so many levels :)
VGLA .

~ and that`s all it is , I have a `Feeling` that the share price is about to move strongly northward in the next few days / next week . NB : Absolutely NAI .
VGLA .

16.31 ~ " I have an expectation that DP will deliver. " ~
DP is the antithesis of DW .
DP with a professional background in finance , a proven record in negotiation , a determined commitment to and a substantial holding in EQT .
DW with a talent for fundraising to support an unjustified salary , a penchant for producing pretty pictures , misleading statements and failure to deliver ( Multiple times .)
I know this because I am also an 88e Widower , I first invested there in 2016 and lost on every drill ! This time , I took a very small position at around .001 . I ran for the hills with a little profit when the herd of loonies arrived . I presume they were excited by `This Social Media Effect` , I doubt many knew anything about 88e let alone DW .
I agree that we need further exposure , but I would rather that came from the progress this Company will make as deals are closed and profits are generated , confirmed through RNS Progress in c. 5% chunks will do me fine , but I confess to enjoy the odd 15%/20% jump !
I`m sorry to hear about your loss , I really hope you (and imo you should ! ) make it all back over here because this is a very undervalued opportunity , but , let`s hope the loonies are safely back in the asylum and not looking for a quick fix over here !
ATB .