Member Info for wraith

Thanks for posting link ( https://www.linkedin.com/pulse/satellite-radar-evidence-oil-charge-northern-walvis-basin-howlett/ ), TrumptonTown.

BW

I was also holding RKH shares, on Sea Lion discovery (what a lovely day, that was) day, HotMustard,.....I bought back into RKH, for the arbitration result,....hence, I have taken up our full Open Offer entitlements, & increased our RKH shareholdings further, to cancel out any dilution effect,.....with it being this close, to receiving the arbitration result,.....Sea Lion, now looking good, has enhanced the possible return, on our reinvestment into RKH shareholdings, (IMO).

BW

Back in Sept 2010, ARG share price touched s/p@55p,....ARG, with a current Market Cap of £4m, is a hold for myself,....the Rhea Stack ( http://www.argosresources.com/prospects-in-detail.php ) potential, will keep us invested here at ARG, now that Sea Lion is looking good, (also holding RKH & BOR).

BW

When reading RNS dated 24 June 2022, once they have finished discussions with FIG, regarding the terms on which a further extension of the PL001 Licence, can be granted, then I would expect an update....it's good to see our Chairman is confident, providing a loan facility of up to £110,000 to the Company;-

Extract,
"Update on Funding Position
Mr Ian Thomson, OBE, Chairman of Argos, has agreed to provide a loan facility of up to £110,000 to the Company (the "Loan Facility"). Drawdown from the Loan Facility can be made at the Company's request. The Loan Facility is available until 31 January 2023 with no interest accruing on borrowed amounts. If the Company carries out a share issue by way of fund-raising, the lender shall be entitled to convert the loan then outstanding into new shares issued on the same terms as those available to other participants in the issue.

The Loan Facility, along with the Company's existing resources of £100,000 as of 24 June 2022, will provide the Company with sufficient working capital until July 2023."
Source: https://www.londonstockexchange.com/news-article/ARG/licence-pl001-funding-and-publication-of-results/15511466

BW

Year ended 31 December 2021, there was 458,482,117 shares in issue.
Placing shares, 82,182,776 plus 41,091,388 Warrants = Total 123,274,164.
Also 39,652,160 Open Offer Shares plus 19,825,849 Open Offer Warrants = Total 59,478,009.
The above figures, come to a total increase of shares in issue (including all warrants) = Total 182,752,173.

Personally, in light of the above figures, I will feel comfortable with the dilution, once I have increased our RKH shareholdings by 39.87% or above,.....at present, I have increased our RKH shareholdings, by 37.55% approx, so still got a few more to buy.

BW

European Parliament backs listing nuclear energy, gas as 'green'
https://www.dw.com/en/european-parliament-backs-listing-nuclear-energy-gas-as-green/a-62377411

BW

Could not read that link, topknot,....this link ( https://www.business-standard.com/article/international/natural-gas-soars-700-becoming-driving-force-in-the-new-cold-war-122070500518_1.html ) covers the same gas topic,.....surely, it must be wake up time, for some now.

Extract,
"In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around"

BW

Thanks for sharing your notes, Guvvi.

BW

That's interesting, Stiffy100,.....thanks for posting link ( https://twitter.com/lonny1971/status/1544318440705490946?t=l4Uxwt9u9oJt6wdtA-OUjw&s=19 ).

BW

Should read: "Gross Average s/p@2.58p approx".

BW

We are also underwater, with our ZEN shareholdings, bammo,.....not desperate, to average down either,....as AAOG & ZEN shareholders, I'm awaiting Tilapia oil field news,....with the sort of Oil Price being mentioned ( https://www.bloomberg.com/news/articles/2022-07-01/jpmorgan-sees-stratospheric-380-oil-on-worst-case-russian-cut ), happy to stick with our existing ZEN shareholdings for now,....once ZEN get the 25 year Tilapia oil field licence, I will average down with our ZEN shareholdings, which is Gross s/p@2.58p approx, at present.

BW

For clarity,...inittowinit22,.....I'm fighting the temptation to increase, both our CLON & PET shareholdings.

Tune: https://youtu.be/RP0_8J7uxhs

BW

The drill was interesting to have, whilst waiting for Tano2A block ratification (Ghana),....still holding, exactly the same amount of Free CLON shares, plus crystalized CLON cash profit, as we held at start of drill,....also in same position (Free PET shares, plus crystalized PET cash profit), with our PET shareholdings (holding PET for their 30% of Tano2A block),.....I have been thinking, that there could be more to the drill, if they are pushing the ratification now, with a farm out more likely, in the current energy crisis,....as I have said before, will hold both CLON & PET shareholdings indefinitely, for Tano2A block ratification (Ghana),....are you looking to buy back in, inittowinit22,....I have approx one third, of our CLON profits still held in cash, the remaining two thirds of CLON profits, invested back in CLON (7 figure) shareholdings,....on a duster result, I had s/p@0.08p penciled in, see we are below that now, but happy to stick with our existing CLON & PET shareholdings for now.

BW

Good RNS,
Extract:
"Overlaying the identified oil-bearing Basal Wealden A Sands are the important C Sands. During the initial drilling of the 48/24-10z well, the well tested strong flow rates from the C Sands."
Source: https://www.londonstockexchange.com/news-article/LOGP/annual-results-and-notice-of-agm/15518440

This old article ( https://www.offshore-technology.com/projects/barryroe-oil-field-north-celtic-sea-basin/ ), dated 20
December 2016, gives a breakdown of Barryroe Oil Field Geology and Reserves,.....it's been a long wait, are we nearly there now?

BW

Thanks for your posts (Part 1 & Part 2), DeusExMachina.

I was not aware of that pre2rcd, thanks for sharing.

BW

Yes, I had seen that ("UK will cut gas supplies to Europe") mentioned,.....UK has also secured domestic energy supplies;-

This comment, from article dated 16 June 2022, caught my eye,
Extract:
Kwarteng stressed that the government was not turning its back on renewable energy and homegrown nuclear projects but said “we will still need natural gas for many decades to come”.
Source: https://www.theguardian.com/business/2022/jun/16/british-gas-owner-centrica-signs-deal-norway-equinor-extra-gas-supplies

Minister for Environment and Climate Eamon Ryan, mentions UK & Norway in this article ( https://www.irishtimes.com/news/environment/ireland-can-get-over-challenge-of-oil-dependence-says-eamon-ryan-1.4841615 ), dated Mar 31 2022.

BW

I've been thinking, would there be a case for possible arbitration, Tovoc,.....the same, where we also hold shareholdings, in PVR & LOGP, for Barryroe oil field,....RKH (where we also have shareholdings), we are awaiting an arbitration result there, as Giblets has mentioned,....on a different note, looking forward to our drill.

BW

With all resolutions put to the meeting, passed at the AGM ( https://www.londonstockexchange.com/news-article/RKH/result-of-agm/15515974 ),....my understanding is, the Open Offer can now complete,....having originally bought back in, for the arbitration result,.....now, with Sea Lion also looking good, (IMO),....normally, I don't like dilution, but in this case, I'm OK with it.

AGM Link: https://secure.emincote.com/client/rockhopper/agm2022/index.html

BW

Thanks brendanor & swizz,....for posting article/link, ( https://thecurrency.news/articles/88562/is-larry-goodman-now-providence-resources-biggest-shareholder/ ).

BW

Agree, it's looking a lot better, than when I bought back into RKH, for the arbitration result,.....I'm increasing our RKH shareholdings, significantly above our Open Offer allocation, as do not want to suffer dilution at this stage,.....so far, I have increased our RKH shareholdings, by 37.55% approx , I will feel comfortable about dilution, once I have reached my target, of a 46.8% increase or above.

BW