Member Info for vike1

Another extension. Doesn't sound like it's happening this week.

blackgold, yes I'm well aware this is old news. As mentioned, I discussed this with JB in 2018. However, tone and confidence was good ("there is something deeper"), which is not much but is the only thing we can interpret right now. No mention of Kiliwani South.

TWalbyoff, at least when it comes to Ruvuma, costs won't be our problem. Not many explorers can say that.

I'd like to hear more about the KN1 perforation though to reach that deeper target. Seems like a simple enough thing to do. Jay B always said he thought the KN1 drill missed the big pockets by a few feet, and simple perforation could be a game changer.

Filling in the gaps, Ambrose certainly comes across as a likeable chap.

FWIW he seems genuinely baffled as to why it hasn't been signed off yet. He stressed that all discussions with TZ authorities are positive, and that they're fully supportive of the proposal. He also noted the passing of the former President has caused a further s/t delay, in case they were hoping signoff this week. These delays will have no impact on drill date -- still set for Y/E or Q1.

Lightning fast when it comes to AGMs and communication.

Good notes Buckler, in line with mine.

I'm dialling in and will be disappointed if they don't address any Q&A. They asked for questions to be submitted, and I submitted mine. Won't be shocked if they address none of the points, but still disappointed. Amazingly.

Hah, no. Good gig if you can get it I'm sure. Malcy has done a cracking job of branding himself as an industry expertise with inside scoops into the industry. Look at his shameful ramps of all-things James Parsons in recent years. Sound, Coro, Echo. All three of which have lost loads of money for shareholders. Now, as a reward for his pumps, Parsons brings him in as a Board member to his latest con job, AST. He claims independence, yet Malcy's AST post on Friday: "I am increasingly liking this story..." then on Monday gets appointed to the Board. What a joke.

As a paid commentator who has ramped way too many dogs in recent years, I don't have much time for Malcy anymore. He might be better off taking up directorships, like the one he's taken over at AST. If his cheques from AEX stop coming in, he'll stop commenting on us.

An LSE listed vehicle with access to London capital, is a valuable asset, even for a billionaire family like the Zubairs. They won't give that up to go private, at least anytime soon. From what I've seen so far they seem like good partners, and will give them benefit of the doubt.

If Bell/Beale stepped down bc the Zubairs wouldn't pay that outlandish options proposal, good for the Zubairs. If the Zubairs have a different strategy in mind, let's hear it. If they simply didn't like each other, move on. The best we can hope for is that the company is ridding itself of (expensive) dead weight before moving upwards.

No one issues good news RNS' on a Friday after close.

The BoD is now 100% controlled by Zubair appointees.

Safe to assume the cancellation of share option plans had something to do with it.

We are truly a subsidiary of Zubair Corp now.

We need cash for a share buyback. Typically only done when a company has excess cash, limited reinvestment options, and an undervalued sp. We're so far away from that state let's not even pretend it's an option.

In the s/t, more likely a share consolidation (e.g. 1:10) to tighten up the registry and start to look and trade like a real LSE company.

*FDI* of course

I agree, it’s a meaningless statement he’s repeated many times before. FID has a actually slowed on his watch.

Also, wouldn’t read too much into Air Oman. At last check Zubairs fly private, not charter.

There's been no shortage of opportunities for Zubair Co to have squeezed our assets from us, and would have happened by now if that was their strategy. I fault TZ gov't for dragging its feet, and fault mgmt for not being effective enough to secure the approval.

The Zubairs, however, have been remarkably patient and good-faith partners so far.

A good outcome. Suggests it's more a short-term technical issue around timing.

Nice move by the BOD as well. They deserve to get paid (well) but once milestones have been achieved.

What then? We are in default of our loan, and could be stripped of some of our assets. Until agreed and stated otherwise of course...

Don’t get me wrong, I like it as an investment. A nice long term play with huge upside. SOLO are just in a bit of a pickle since no one’s buying gas assets right now yet they don’t have the facilities to see it through to completion. Even a $20m sale would give m/c transformational and would give them flexibility to implement their new strategy. I just don’t expect them to get much more — though I hope I’m wrong!