oilinvestor85
07 Mar 2017
Re: RNS : LAW suit against Syrian asset ... This has more to fall JOHAN might be worth a punt at 4-6p levels but not now ! There's no cash or production to support the share price ! The gamblers have left this one and currently no body is buying hence the " drift"
Johandesilva
07 Mar 2017
Re: RNS : LAW suit against Syrian asset ... As this drifts down to take my interest in buying back in. I the actual biggest risk for me is that this company will be taken private given the shareholder profile. Seen this many times.
oilinvestor85
24 Feb 2017
Re: RNS : LAW suit against Syrian asset ... If all what come in? The wells that may or may not get drilled if they keep any of their so called assets ? Or what do you mean by "they"?There are over 90 London listed oilies ! This has got to be one of the worst ones I have ever come across and I have come across AFREN !!!!
Johandesilva
24 Feb 2017
Re: RNS : LAW suit against Syrian asset ... The reward is if they all come in We all know the risks.
oilinvestor85
24 Feb 2017
Re: RNS : LAW suit against Syrian asset ... I can see so many risks but not 1 single reward.No exploration drillsNo production No cash flow No profits No dividendsNo cash No hope ....Where's the reward ? Own due diligence
oilinvestor85
24 Feb 2017
Re: RNS : LAW suit against Syrian asset ... High risk high reward is one thing ! But the more I read into them the worse it appears ! What if they lose the case? What if they lose Block 26? They need to raise 2.5 million for Morocco soon or they will lose it ! They have stated that Colombia doesn't fit in with their plans and they want to get rid/ relinquish They have been trying to farmout Tunisia, but no one wants it! The dead line has already passed!!!They don't have cash to support the share price. They are basically living of that 4 million loan they took out the other day ! They don't have any planned drills or appraisals or producing in the near future ! Or any planned at all for that matter ! Jeeeeeez the investment case here is worse than xcite and AFREN !!!!
Johandesilva
24 Feb 2017
Re: RNS : LAW suit against Syrian asset ... Yes I did. It is part of the high-risk high-reward profile of Gulfsands.Currently I hold no position but I would still give this a "Speculative buy".
oilinvestor85
24 Feb 2017
Re: RNS : LAW suit against Syrian asset BLOC... Johan de silva Did you know about this ? I certainly didn't !!! If they take BLOCK 26 what happens to GPX????This nightmare just gets worse and worse !!!!!! Own due diligence
oilinvestor85
24 Feb 2017
RNS : LAW suit against Syrian asset BLOCK 26 GULFSANDS PETROLEUM PLC Claim by Al Mashrek Group in Syria Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, wishes to provide the following information on a claim made in the courts in Syria. Claim by Al Mashrek Group in Syria Al Mashrek Global Investment Ltd ("Al Mashrek"
has filed a claim with the Courts in Damascus, Syria, against Gulfsands Petroleum Levant Limited (incorporated in Cayman Islands) ("GPLL" and the Syrian registered branch of GPLL on the grounds that Al Mashrek was not properly notified of the Open Offer completed in January 2016 and hence lost the opportunity to subscribe for new shares in the Open Offer and as a result Al Mashrek's equity was subsequently diluted. The Court of Appeal of Damascus has issued an order of provisional attachment on GPLL's moveable and immovable assets, including GPLL's share of Block 26, to secure Al Mashrek's claim of an amount of Syrian pounds equivalent to US$2 million.
oilinvestor85
24 Feb 2017
Re: Cash shortage: Morocco needs 2.5 mil... Wrong Johan The secured facility is for admin and general expenses ! They are trying to raise money for Morocco and trying to see if there's Someone daft enough to take Tunisia ... its all in the RNS
Johandesilva
24 Feb 2017
Re: Cash shortage: Morocco needs 2.5 million... We have known this for some time. Hence the Secured Term Financing Facility.
oilinvestor85
24 Feb 2017
Cash shortage: Morocco needs 2.5 million NOW!! Latest RNS from the company regarding Morocco :-"the Initial Phase will now run to 19 June 2017 (previously 19 June 2016) with a revised work programme for the extended Initial Phase consisting of: · acquisition of 200 km 2D line seismic;· reprocessing and interpretation of selected legacy 2D seismic data; and· legacy field study with the aim to identify any potential for re-activation. Consequently, the estimated cost of the work programme as specified in the amendment to the Petroleum Agreement has been reduced from $3.5million to $2.5million. GPML will immediately seek to begin the Environmental Impact Study in anticipation of commencing the seismic acquisition." END HOW THE HECK IS THIS WORK PROGRAMME Going TO BE FUNDED????Onewayticket do you have 3 million hidden under your mattress or lost in your sofa???? Lol
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON If the ignore button is working , how come you keep replying ? Bye I'm not posting for you ! This is a public service to prevent other people from being mislead by you They can thank me later
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON RNS also states :""It is the intention of the Board to seek equity financing for the Group in due course."Looks pretty clear to me lads ! Seek equity financing = share placement It is clear as day! No matter what the slithering ramper tries to say ! Dilution is neigh!
oilinvestor85
23 Feb 2017
Re: RNS: GPX NEED CASH SOON According to the RNS it states :"proceeds will be used for general and administrative expenses of the Group and for working capital"
