Phillip Reid
09 Nov 2017
Re: Relisting, further placing TPWell my quite a few grandsworth is now worth about two and sixpence, and I don't think I will be putting more good in after bad, no make that VERY badATBPR - hope your other investments are going well.
theprior
09 Nov 2017
Relisting, further placing Back on show today after further funding (at 1p)Directors takingfees in warrantsOther fees paid in additional shares.Let’s see what happens now.Further funding will be needed to drill in Niger Delta but it is a highly prolific area.Could be interesting.TP
Ripley94
31 Oct 2017
Re: Open Offer RNS Any one go for this OO @ 1p. ( July 17 )Africa .Suspended 12 may 17 " due to uncertainty in relation to financial position" .( C )
oggs
07 Aug 2017
Re: Open Offer RNS Well it's brought my average down by 30odd pence per share - for less than a pound!!
Global Nomad
07 Aug 2017
Open Offer RNS So they got what they wanted. I wasn't interested having lost 95% of all value already, averaging down hardly seemed an effective use of a few pounds..So, lets see what happens now....not holding my breath.
Kenj2
17 Jul 2017
Re: RNS - offer This is a tricky call.Do I want to buy two more shares for every 13 I hold, to avoid my holdings being diluted?My holdings were consolidated to one share for every 250 that I held a year ago. Consequently my original 400,000 shares is now a mere 1600 shares.This Open Offer will entitle me to purchase 246 new shares for 1p each = £2.46.So I could soon be the proud owner of 246 new untradable shares!I guess I'm just going to have to pass. I am not prepared to invest another penny in this pos.
theprior
17 Jul 2017
Re: RNS - offer Regret to say I'll be selling on relisting due to aforementioned gain.The alternative may be a long road to oblivion.Sorry, to all lths TP
Global Nomad
14 Jul 2017
Re: RNS - offer ha ha, exactly...
theprior
14 Jul 2017
Re: RNS - offer Not for me this time. Capital gains loss is worth more !!TP
Global Nomad
14 Jul 2017
RNS - offer offer to buy shares in a suspended company that will remain suspended......at about 40% of the value at suspension - 1p. key statement is the last paragraph....not one for widows, orphans, or anyone else......"The Directors applied for suspension of trading in the Company's shares on AIM on 12 May 2017 pending clarification of its financial circumstances and have undertaken a number of cost reductions across the Group. As at 28 June 2017 the Group had £55k of cash reserves and completed a private placing raising £180k on 30 June 2017 prior to issuing an open offer to the shareholders to raise additional finance. The Group will need to raise further funds in addition to these two share issues prior to 30 September 2017, or to agree a farm out or other transaction involving one or more of the Group's licences, in order to meet its liabilities as they fall due. The Directors believe that they will need to raise funds of approximately £2.0m in total over the coming twelve months (mainly to fund obligations in respect of the Thali license) and consider that there are a number of options available to them either through capital markets, farm-outs or asset disposals and are confident that these will be concluded satisfactorily within the necessary timeframes. The Directors do not therefore intend to cease trading nor do they believe that there is no realistic alternative to doing so. The annual financial statements which were announced to the market on 30 June 2017 were therefore prepared on a going concern basis.However, there can be no guarantee that the required funds may be raised or transactions completed within the necessary timeframes. Consequently, a material uncertainty exists that may cast significant doubt on the Group's ability to continue to operate and to meet its commitments and discharge its liabilities in the normal course of business for a period of not less than twelve months from 30 June 2017, being the date of the Company's annual results. The financial statements do not include the adjustments that would result if the Group were unable to continue in operation such as the impairment of the exploration assets."
theprior
13 Jul 2017
Re: RNS out of the blue Well, well, still alive but certainly not kicking. Not sure the remaining assets have value. Clearly the directors have a positive view, to put £50k+ of their personal fortunes in.You never know, if the PoO suddenly shoots up to $60 a barrel we may get renewed farm In Interest. Till then go back to sleep.TP
oggs
11 Jul 2017
Re: RNS out of the blue Much confused, thought it had ceased to be.
Global Nomad
30 Jun 2017
RNS out of the blue or into the fire...surprise! theres life in the bottom drawer....
labongus
12 May 2017
Re: SUSPENDED try the fraud squad..lol
theprior
12 May 2017
Re: SUSPENDED Lol. Try HDD.
