There’s never a dull moment when you’re researching investments. I’ve alluded to ‘The Secret Nomad’ once or twice in a few of my epistles. It would seem that some-one or one of the regulated companies has stole my line “The Secret Nomad”. More to that they’ve registered a domain and launched a website. It really does take the biscuit. The absolute cheek of it! I found this site yesterday when I noticed a new twitter follower….. https://thesecretnomad.com/
The Secret Nomad
But what’s rather interesting is that the articles published by The Secret Nomad (TSN) tend to show that it’s either a real or maybe a retired Nomad or some one who has a vastly superior knowledge of the Markets than most of us. Myself & SharepProphets will obviously be following TSN very closely….
What’s even more interesting is that if I know the FCA & AIM regs they’ll be all over this like a cheap suite. As will the financial press.
The TR1 Notification was lodged (in good time) with the company yesterday afternoon. It should have been released this morning. Sadly they haven’t yet released it. So I’m releasing it now.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Andalas Energy & Power PLC
Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer X
Reason for the (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights Other (please specify)iii:
3. Details of person subject to the notification obligationiv Name ‘BrokerMan Daniel’. City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v Name Mr Daniel Levi. City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi: 08/04/2019
6. Date on which issuer notified (DD/MM/YYYY): 09/04/2019
7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B) Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached 3%
3% 603,970,301
Position of previous notification (if applicable)
8. Notified details
of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights
attached to shares
Class/type
of
shares
ISIN code (if possible)
Number
of voting rightsix
% of
voting rights
Direct
(Art
9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10
of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art
9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10
of Directive 2004/109/EC) (DTR5.2.1)
IM00B1FPZP63
18,119, 109
3%
SUBTOTAL
8. A
18,119109
3%
B 1: Financial Instruments
according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type
of financial instrument
Expiration
datex
Exercise/
Conversion Periodxi
Number
of voting rights that may be acquired if the instrument is exercised/converted.
% of
voting rights
SUBTOTAL
8. B 1
B 2: Financial
Instruments with similar economic effect according to Art. 13(1)(b) of
Directive 2004/109/EC (DTR5.3.1.1 (b))
Type
of financial instrument
Expiration
datex
Exercise/
Conversion Period xi
Physical
or cash settlementxii
Number
of voting rights
% of
voting rights
SUBTOTAL
8.B.2
9. Information in
relation to the person subject to the notification obligation (please mark the
applicable
box with an “X”)
Person subject to the notification obligation is not
controlled by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the (underlying)
issuerxiii
Full chain of controlled undertakings
through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling
natural person or legal entityxiv (please add additional rows as necessary)
Namexv
% of voting rights if it equals or is higher than the
notifiable threshold
% of voting rights through financial instruments if it
equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable
threshold
10. In case of proxy voting, please identify:
Name
of the proxy holder
The
number and % of voting rights held
The
date until which the voting rights will be held
Ascent Resources (LON: AST) Yesterday plunged the knife yet again into their own shareholders via a huge discounted placing raising a piss poor £750,000. The last placing they tried was with Primary Bid ‘in the bolloxs‘ which failed to flog the full allotment, of yet again, hugely discounted shares hence why the residual shares that Primary Bid couldn’t sell were off-loaded yesterday to yet more so called ‘Institutional’ investors. This is a bare-faced lie.
There are no ‘Institutions’ investing in Ascent. Just as in the Henderson Global, Darwin Strategic, Lombard days of chicanery, so called Institutional Investors. And we all know exactly where these Institutions are right now. Gone, vamoosh, scarpered with the loot after selling off all their heavily discounted shares leaving you the mug punters holding the CONfetti.
Gobshite Taking Cash To Ramp
Ascent has now hit rock bottom and is having to use ‘bottom feeder’ bucket shop finance. The new improved ‘Institutional Investors’ are in actual fact a small group of well known ‘Vulture’, one man band corporate flippers. Who will be ramping to fook on twitter, Total Market Shite, ‘Gone for a Burton’ and various BB threads under anonymous names. My sources tell me that one of the flippers is planning to flip out every time he’s showing a 15%-20% gain. I could name that individual but it would compromise a source. But he’s a well known corporate shyster who works in cahoots with twitter cowboys and is a chum of the under investigation First Equity Broker Mr Miles ‘Vulture’ McNulty who recently ‘dearly departed’ from twitter due to said investigation….
Ascent are embroiled in a costly legal dispute with the Slovenian Government, have piss poor deteriorating production that needs several million in capex spunking away every year on top of huge corporate overheads. The business isn’t viable. Come the Ascent Resources AGM, the Articles Of Association will be changed to allow Hutchinson to issue an unfettered amount of shares below ‘par value’. This is going to result in massive, and I mean massive dilution with a consolidation of shares in issue. Funnily enough round about the time ALL the corporate flippers will have sold all their discounted stock back to the mug punters. If you hold this stock for any length of time you are going to be wiped out. The Board have a history of not giving a flying fook about their shareholders. It’s all about keeping the lights on via whatever finance they can get.
New Improved ‘Institutional Investors’
Now we all know that CEO Colin Hutchinson, was left holding the entrails of the AST corpse after Clive Carver & Co jumped the sinking ship, (pockets filled with pay & expenses leaving him to wind down the company) has to raise money to survive otherwise it’s lights off and good night Vienna but when CEOs deliberately masquerade Corporate flippers as ‘Institutional Investors’ knowing full well that they will deliberately pump & dump to the detriment of genuine long suffering share-holders then it is time for shareholders to sell up and move on, particularly when the fundamentals are as shocking as Ascents. The next placing in Ascent Resources is already being planned by their newly installed joint broker SP Angel it will come post AGM. Of course they’ll now deny it till blue in the face and they’ll try to drag it out for as long as they can. But my source is within SP Angel and has confirmed that they were taken on specifically to assist in another cash raise post AGM. So expect more horse-shit RNS’s to artificially raise the SP.
I wont go into the cash raised pre Jan’ 2017. Otherwise I’d be here all day! Suffice it to say that AST has spunked away circa £40,000,000 pre 2017. Since January 2017 Ascent resources has raised £14,235,271. 2017 & 2018 production generated circa £2M in revenue. Production has steadily fallen. Last figure was circa £35K for March 2019. Down from an initial high of circa £200k per month.
Failure
Ascent resources has basically spent £7,000,000 per year to generate circa £1M. As a business that is unsustainable. Which is why Hutchinson is now grabbing low level bottom feeder finance. The Petisovci gas field is in terminal decline. It needs, and will always need, expensive workovers to deliver small gas. The Capex by far out-stretches the revenues generated which is why during the Strategic Review no fooker would touch it. It’s production will never get into the black. In what business would you invest £7,000,000 per year to make £1M? The talk of ‘Workovers’ is very apt here. It’s you the AST shareholders who are and will continue to be worked-over by Ascent Resources. Production has all but ground to a halt and the cash-burn will have to increase. Enter the latest batch of corporate shyster finance.
Talk of a new direction and new assets is a ‘Jackanory’, a white elephant. There’s no money for new assets. It’s a fig leaf to lessen the disaster that is the Petisovci field and the continual rape of UK Investors. This is only going one of two ways and that is administration/delisting or another team comes in and wipes out (again) share holders while heralding a new dawn…. We’ve all seen it many, many times. It never ends well.
The Chesterfield Resources (LON: CHF) Pump & Dump isn’t going well. Apparently there’s been hundreds of abusive tweets and voiced over videos containing language that would warrant a sectioning under the mental health act. This is par for the course when it comes to The Runcorn Troll, an ex sewage worker who operates under the guise of Doc Holiday the infamous gunslinger from the wild west. Doc Holiday is in actual fact an internet troll who’s real name is Mr Michael Whitlow who operates out of a Santander mortgaged, small semi-detached property some-where in the environs of Runcorn Cheshire. What’s Mr Whitlow trying to hide? What’s all this abuse, the ravings of desperation? Could it be the £94,000 in secret payments taken up to year end September 2018? Yes folks the ‘gunslinger’ just like one of his erstwhile posse members, Mr Leon Hogan, has been trousering cash from companies on the quiet, through Volant Services
Unbeknown to most people Mr Whitlow runs a paper company called Volant Services (VSL). There’s no office, no Secretary, No telephone, No employees, it’s a paper shell registered out of a post address 20-22 Wenlock Rd, London, England, N1 7GU Volant was specifically formulated to take secret payments from companies and ‘Promote’ organisers’. And that’s where the £94,000 has come from. Most of that money, if not all, has come from companies that Mr Whitlow & Mr Burton of Total Market Shite, ramp to fook on a daily basis. Payments have been made either directly or in-directly and funnelled through Total Market Shite into the pocket of Mr Whitlows ‘Volley’ Volant. That’s a 100% fact.
Those who follow the markets will recall an RNS, several weeks ago, from Management Resources (Lon: MRS). In that RNS it was announced that a Mr Leon Hogan, another well known Pump & Dumper, had been in receipt of payments made by MRS. Mr Hogan has since ‘left the building‘, (Social Media) deleting his twitter and BB chat accounts. Mr Hogan vehemently denied such skulduggery until MRS was forced to ‘fess up’. Hogan was and probably still is working with Mr Whitlow & Mr Burton on the Chesterfield Resources P&D.
Of course this will be denied by the two varmints. Hogan was heavily involved with their Chesterfield Ramps. In fact there are 100s upon 100s, if not 1,000s of tweets & retweets ramping CHF between them. These are paid for tweets. Paid for by Chesterfield Resources (LON: CHF) who have made payments to TMS, Mr Burton and Mr Whitlow.
The reason P&Ders go into meltdown is thus: If you Scream and scream as loud as you can, hopefully the mugs that follow and have been suckered into actually sucking up the horseshit, don’t ask awkward questions. It’s better to deflect away from piss poor paper ‘mining frauds‘ than actually address what it would cost to open a copper mine in Cyprus? Or where the £200,000,000 minimum is going to come from. Or better still why BHP Biliton or any other Major ‘Real’ mining company aren’t banging down the doors of the Greek Cypriot mining ministry? The ‘Cyprus copper riches beyond your wildest ‘screams” (Geddit?) with added ‘Gold bonanza’ inferences is a tall tale being used to sucker Mug Punters into a fantasy that would make an FCA regulated financial adviser crack up in fits of laughter.
Chesterfield announced that as of December last year they had £1.8M in cash & cash equivalents. Apart from the fact that this is a pitiful amount of cash as of 5 months ago, that cash will have significantly been eroded as of today. Their cash burn is thus: Year end 2017 they had £1,184,424. They then raised £2,000,000 via suspension and new prospectus, as of five months ago they booked £1,885,726. In 2018 they spent £1,298,698. Extrapolating this on a six monthly basis they are spunking away £650,000 per half year. Their cash position as of today is either just over or just under £1,000,000. They simply do not have the cash to progress any mining. Mining by it’s very nature is Capital Intensive, costing 10s of millions of pounds at the ‘paper stage’. Actual physical mining costs £100s of millions of pounds. That’s a fact.
In my last ‘Rip’ of this corporate boiler room, I asked the Company to clarify their cash position. Today I’m asking Chesterfield Resources, David Burton and Michael Whitlow to fess up and answer these questions.
Answers Needed!
1/ How much money has Chesterfield Resources paid to Total Market Shite? 2/ How much money from CHF, has TMS paid Volant Services? 3/ How much money has TMS paid directly to Mr Whitlow? 4/ How much money has Chesterfield Resources paid to Volant Services? 5/ Has Chesterfield paid directly or in directly through TMS, Mr Whitlows expenses to jaunt off to Cyprus? 6/ Where has the £94,000 came from in Volant Services? 7/ What is the financial arrangement between Volant, Chesterfield and TMS? 8/ How much in total has Mr Burton/TMS paid to Volant Services? 9/ Why has there been no acknowledgement of (secret) payments to a well known Pump & Dumper? 10/ Are Chesterfield aware of the rules & regulations regarding disclosure of paid promotions on social media? If so, will Chesterfield now disclose those payments?
The Runcorn Troll: Mr Whitlows’ Secret Payments
The Runcorn Troll, has been peppering social media with lies, deceits, abuse and downright ridiculous claims, not just on CHF, but many, many other companies. Secret payments have been made. Mr Whitlow now has an opportunity to ‘fess up’. Before the FCA regulators force Chesterfield & TMS to fully disclose. He can do this by releasing the Volant bank statements which will contain the source/s of £94,000 in payments he has taken directly & in-directly in cash & warrant packages from companies, while deliberately hiding the source/s of those funds/warrants. Full Disclosure!
The lies being spun by the ‘copper cowboy’ remind me of another one of his ‘famous’ mining P&Ds. Come on down Sunrise Resources. Let me just add this. The sun never rose on Sunrise Resources…. Or indeed, Keras Resources, Regency mines, Jangada or Red Rock Resources ad infinitum….. There’s a pattern there if you care to look, or basically every single Company that these P&Ders ramp. The louder they scream the more they are deflecting their own fears into their own echo chambers. It’s called reflecting. The more abusive they get the more fear they carry.
Come Spend Your Money Here!
Cyprus isn’t a copper nirvana, neither is it a gold rush town. There are hundreds of toxic played out mines there. That’s it. End of. But as all Pump & Dumps proceed, you can be sure that the talking up (Ramping) of piss poor £8k licences will start to include the word ‘Gold’. The cash position of CHF is critical and they have to get their SP up so that they can raise money from the Mugs. If their SP is too low they will suspend and submit yet another prospectus to relist. They did that within months of IPO and they will have to do that again. It’s a question of time. That’s a fact. There will be placings upon placings speckled with vulture financing over the life span of Chesterfield, eventually the board will ‘move on’ and another outfit will move in. That’s how CHF will run. It’s the modus operandi of all P&D lifestyle companies on the AIM and on the Standard Market.
The Company are telling the mugs that they don’t need money. Yet CHF are at the 121 mining forum in South Africa. That’s an event where the company pay £12,000 to ‘Pitch’ for cash. This company is up to its neck in deliberate manipulation of its share-price in-order to get away a placing at a higher level. Paying a ‘mentally deranged idiot’, who self-promotes himself as a ‘Gunslinger’ and a well known failed corporate (Mr Burton) who was booted out of Redmayne Bentley (Brokerage), booted out of Vox Markets and has the honour of holding the shortest Directorship (Harvest Minerals) in the history of the London Stock Market when he was again ‘booted‘ off the board! (More of which in my next expose).
If there were 16,000,000 tonnes of recoverable copper in two plays on Cyprus then every major mining outfit would’ve rocked up there many years ago. That’s a fact. Check it out. It’s easy…. Or just keep taking the word of Total Market Shite and his trusty ‘turdslinger’…
All of the above needs to be answered particularly where the money in Volant Services LTD has come from? Because it’s not all come from Chesterfield Resources…… Has it Mr Whitlow? It’s time to confess all and release the full Volant Services Accounts, receipts, bank statements, individual payments and all itemised Ins & Outs…. Because you the mugs are paying this fookers Santander mortgage LOL!!!
Gauge the effect of ‘The Power Of Dan’ in direct proportion to the amount of filthy, vile, cowardly abuse screamed out on twitter & in DMs.
Andalas Energy & Power (LON: ADL). What’s going on within and out-side of the company? It would seem that there’s a very slow tick up of the SP underfoot. News has been reaching ‘Yours Truly’ that Andalas are the target company of at least one and possibly ‘others’ who are sniffing around to take full Board control of the Company. I won’t go into each individual group as they may or may not be in direct talks with ADL. What I will do is disclose my take on one of the groups who HAVE made an approach (I believe pre or during Colter drill) and are in contact with some of the Major Share-holders.
It could be about to hot up at Andalas Energy. Now the emphasis is on ‘could’. So I’d ask investors/traders to keep that word in mind. There’s reasons for that. The chief one being the corporate world of ‘wheels & deals’ doesn’t run to the time-line of you/me, it can get and does get snagged up in back-room compliance/negotiation. That is to say nothing is certain until it’s what’s known in corporate speak as ‘Inked‘. (Signed sealed & delivered).
What I do know from my research is that a group have approached the ADL Board, seeking a corporate takeover via the introduction of $10M of assets/cash. It’s known as a ‘Plug & Play’ package, if that deal happened then ADL would have rocketed upwards, probably over 1p. For whatever reason/s those talks petered out but I can now exclusively reveal that those talks have been reignited with ADL Major Shareholders. Whispers are again surfacing that Major shareholders are now aware and have been approached for the 1st time by well-known successful corporates with a proven track record not only with the drill bit but with increasing SP value for their share-holders.
Major shareholders were not informed by the Board of ADL on the first approach. I have an ‘idea’ of the names of those corporates having had many cagey conversations with various market sources. The asset/s from one of the groups are rumoured to be Cuban/Mexican. I can’t confirm that but what I can confirm is that predatory moves are almost certainly going on in the back-ground. At what stage they are and if they’ll ever come to fruition is as I said further up in this piece subject to ‘back-room compliance/negotiation’. Nothing is certain until it’s ‘Inked‘ .
Target ADL?
‘Plug & Play‘ as some will recall is what was used on a company called IRG which had a meteoric rise when the new board and initial investment/assets was announced. For a ‘plug and play’ to work any investment group have to find a relatively low value m/cap company £1-4M, to offer the financiers potential multiple returns on initial investment just as IRG did. ADL has a current m/cap of £1.5M , the listing on the exchange itself is worth £600/800K. Cash at hand is circa £500K. Ergo it doesn’t take much to realise why ADL are being targeted, either officially or unofficially. But ‘Target’ they are. Companies at shell value can, on a slither of good news spike, secondly there’s always predatory action in the back-ground that can also re-rate the shell. Hence why I took a ‘slug‘ of shares. Even on no news ADL will slowly tick up.
So, bearing in mind how convoluted and difficult it is to predict with any degree of certainty the outcome of back channel discussions, I think it’s well worth a small punt.
Take The Deal!
As I see it the main sticking point to any deal getting Inked is the current Board who like all corporates don’t want to get off the gravy train unless their nest is feathered with downy £50 notes. I’ve tried to contact the CEO Simon Gorringe many, many times, he has thus failed/refused to make contact. Contact I might add with one of his small Major share-holders. That tells me that Simon is the sticking point to any deal. If you’re reading this Mr Gorringe, then do the right thing for share-holders. Get in-touch with the Cuban/Mexican Plug & Play group and take the deal!
There’s a lot of news expected to drop, from Union Jack Oil (LON: UJO), over the next few weeks. All eyes and ears are zeroing in on the West Newton drill (16.665%) gas (PEDL183). Which I can confirm has now been classed as a ‘tight hole’. A tight drill is basically an order to keep news on the drills progress confidential. Least they disclose some thing to the market accidentally.
Make no mistake this isn’t an exploration well. It’s probably going to come in on the gas side and most market watchers expect gas to be hit and announced within the next 7-14 days. When that happens then it’s a question of how big is it?
What I do know for sure is that a big gas discovery will not remain in the hands of the partners/operator it’ll probably be bought by one of the Major players such as Centrica or Perenco who respectively operate the major UK gas terminals located at Easington, Dimlington. I know that because I have been told that by several ‘Real’ market analyst’s. Of course there’s also the question of the The Cadeby Reef/Slope Deposit and oil/gas further down in structure/s with a geological Chance of Success of 26%. However if the gas comes in then the Chance Of Success (COS) on oil/gas within Cadeby/Slope will increase. *(Best Estimate of 43.7 MMboe of Prospective Resource Source)
How high can the share-price (SP) rise? Well if I knew that then I’d be clairvoyant. The truth is that no one knows. But I’d expect, at the very least, a doubling from where it currently sits. Could actually rise several hundred percent depending on the news. However even though I personally think it’s nailed on that a gas discovery will be announced, there’s always risk involved. Recall the Biscathorpe wailing and gnashing of the teeth when blame for a poor result and several million years of geology resulted in disgusting abuse of one of their major share-holders. ‘Caveat Emptor’
Some thing could go disastrously wrong. This is why you’ll never get an O&G CEO coming out stating 100% confidence in success. So bear that in mind. There’s always risk.
Furthermore I believe that the operator, Raithlin, are actually drilling ahead of schedule, so expect news earlier than the 40 day marker. It’s a Company maker for UJO.
Viva!
Dan
Nota Bene: The Author does not hold any shares in Union Jack Oil.
There’s not much out there at the moment, in the market sectors that I trade/invest in. I’m currently sat on large blocks of two companies, Andalas Energy (LSE:ADL) (3%) & Online Blockchain (LSE:OBC) (2%), waiting for the news that will propel them to greatness… However, Investors/traders will know that I always make a nuisance of myself, by doing so I can occasionally get where water couldn’t.
All to play for…….
Which brings me on nicely to probably one of the hottest trades currently doing the rounds on financial social media. I’ve kept my powder dry on Union Jack Oil (LSE:UJO) for quite some time. I could have bought in at 0.10p but me being me, other business opportunities in the land and housing market has meant that finances have had to be redirected into less risky ‘bread and butter’ cash building schemes. It’s part of my ’Diversify and Derisk’strategy, which has served me well over the years.
Yesterday I finally managed to cobble together £20,000, which I immediately sunk into Union Jack Oil. There’s a logical reason for that which has been backed up with research that landed my way yesterday. I totally ignore and pay no attention whatsoever to the various Pump & Dump crews who operate on social media. Reading the absolute bollox that periodically comes my way via email, phone calls and social media comment, always draws a shake of the head and a block. For example, one P&D crew are ‘proselytizing’ that a hole that wasn’t correctly plugged has leaked all the gas away, another Jackanory doing the rounds is that rain/water has flooded the drill. Total horseshit. Never waste brain cells on these shysters. Better to stare at a wall, and more fulfilling….
The logical reason is thus: UJO are partnered up with the West Newton drill (circa 17%) operated by Raithlin Energy. West Newton isn’t an exploration well, 186 billion cubic feet of gas has already been historically discovered, the drill is also evaluating an expectation that oil is further down in the target zone: ergo, If Raithlin can’t find gas that has already been found then their operators license should be revoked. That’s the logic behind my investment.
Now here’s the ‘research’: the West Newton site and surrounding areas/roads have been placed on total lock down. All roads and paths have been officially closed by the council. I’m hearing from sources that this has been done to prevent the protestors from protesting the site when the news lands. That would suggest to me that it’s good news. If it was a failure, protestors wouldn’t bother protesting. Further research coming from good contacts indicates that Raithlin are drilling right through the gas target into the prospective oil zone. The whisper is that gas and an extended oil column have been discovered. This for me is a binary play. The upside on stand-alone gas to surface is a company maker. Add in oil and the SP has the potential to hit 1p. That’s why I’m now in! Barring a mechanical disaster or an ‘Act of God’ I have convinced myself (rightly or wrongly) that a major gas/oil discovery will be announced. Hence my £20,000 punt.
It’s been a great week or so for Raithlin Energy & all the partners in their West Newton discovery. The only question that remains is how big is the discovery? Well sources from Raithlin, OGA & local indicators are inferring that West Newton is set to come in at double what is currently being touted.
To put that into barrels of oil equivalent circa 60,000,000 BOE. It’s set to be the biggest onshore gas discovery in 50yrs. Make no mistake it’s a question of when, not if, increased numbers are confirmed by Raithlin.
I’m hearing that all the partners have deliberately been downplaying the size of West Newton until they are officially allowed by the Oil & Gas Authority (OGA) to confirm the above numbers. This is almost certainly due to the protesters at the site. Who’ve created a major Police headache. Of course people are allowed to protest and I personally am against fracking. However West Newton isn’t fracking. It’s a conventional O&G drill.
In cases like this All partners agree to a template RNS. That agreement basically went out the window via Reabold Resources (LON: RBD) Who it’s believed, decided to brief the press on Friday last week via an embargo i.e Write it up but only publish on release of RNS.
Having been busy all week with various business & personal matters I’m actually on catch up here. I can see that the usual shyster, troll scumbags, who were deliberately posting malicious bullshit about water and a ‘big hole leaking all the gas’ away have changed tack, attacking any and all who’ve been fortunate enough to back West Newton and reaped or are reaping the financial benefits. Some of the abuse directed at the Major Holder/s, the partners and their Investor Relations has been quite disgraceful. Again this is just envy & spite at their failure to make money and others success at making it. Ignore it. These wankers are not RBD/UJO shareholders they are part of various P&D crews whose form on stock picking is equalled by their vile, jealous fits of rage. I enjoy seeing them scream abuse at INVESTORS who financially backed West Newton and made fortunes. It’s testament to their failure. LOL!
One moron, was ‘carping’ on about how he’d extrapolated, from the billions of shares bought/sold that a Major Shareholder had sold out all his 7%. Laughable Mr Newman of ShareProphets…… Stick to carp fishing Gary…. Or better still bottom fishing. Ever thought of investing in copper? Thought not….. Gary is one of the Copper Cowboy P&Ders. His track record isn’t exactly Pulitzer….
So, just how high can RBD/UJO rise? If I knew then what I now know, I wouldn’t have derisked taking £18,000 in profit. There could be 60 million barrels of oil equivalent about to be announced.
The shitposters & online trolls were dealt a severe metaphorical swat to their amoeba like brains today when a TR1 from Union Jack Oil (LON: UJO) landed announcing that one of their major holders, who held 7% of the company does in fact still hold 7%, post the Company placing.
Sadly I, and others, have witnessed some of the most disgusting and offensive diatribes over a sustained period of time directed at the UJO Major shareholder, Mr Christopher Williams (Chris Oil) claiming all sorts of deliberate spiteful, malicious accusations. Ranging from having indecent images of women, paedophilia, en-masse expletives and various false claims of financial irregularity. Complete and utter bare-faced lies. Why people do this is more a reflection of what they themselves are doing ONLINE. Ergo you start accusing someone of being a ‘nonce’ then chances are you’re hiding something ‘Noncy’ yourself. Falsely accusing some one of financial shenanigans or having a penchant to masturbate into socks, same same…
It is a criminal offence to maliciously accuse innocent people of sexual crimes and rightly so! Calling an innocent man a ‘nonce’ online can have devastating repercussions of the ‘vigilante‘ kind.
The Runcorn Troll a.k.a Michael Whitlow
The main purveyor of this kind of filth is The Runcorn Troll a.k.a Doc Holiday real name Mr Michael Whitlow of Runcorn, Cheshire, (an ex sewage worker) or as most know him Shitlow! A vile troll with a history of vile abuse going back years. Whitlow was banned from twitter 2 yrs ago for similar behaviour and has sneaked back to continue his disgusting abuse under the guise of a ‘financial commentator’ where he regularly pumps and dumps companies that pay him via his shell company (Volant Services) to massively over-promote. Whitlow is the biggest coward currently spewing out most of the above. It’s sheer jealousy, spite and envy of a person making substantial amounts of money on their investments that underpins most of the abuse. Nomads, companies as well as their PR representatives are constantly peppered and maligned with false accusations. The Modus Operandi of Shitlow is well known….
Now moving on to Union Jack Oil, what investors/traders fail to realise is that people like Fraser Lang and Mr Williams have backed the company with substantial amounts of their cash. As such they, just like you and me, can buy or sell their stock whenever they please. Some, like Fishermans friend, Gary Newman & Tom Winnifrith seem to be under the delusion that Major Shareholders need their permission to sell/buy. Not-so! So long as timely notifications by TR1 holders, are adhered too then it’s the business of the Major Holders how much they have or haven’t made on their investments. You can speculate on how much etc But what you can’t do is state that they’ve sold out when today’s TR1 RNS clearly states that, that hasn’t happened.
Will there be an apology? I wouldn’t hold my breath on it…
Viva
Dan
NB. Gary Newman has tweeted to me that he has apologised. Fair dinkum etc.
Some times, in life, one scratches the ‘proverbial’ head. trying to understand the mechanics/reasons of companies listed on the London AIM. AIM is an incubator where companies list in-order to grow into fully fledged self sustaining profit making business’s. Part of that process involves the timely release of market sensitive information. There are numerous valid reasons why such information is withheld. But holding back material price sensitive information from retail investors while at the same time furnishing that information to ‘selected’ Funds, Brokers and Analysts isn’t one of them. Neither is withholding RNSable information from retail investors so as not to upset or appease protesters!
Documents seen by ‘Yours Truly’ on West Newton state that the “initial well results and gas discovery are ‘Outstanding”. With “25 metre net pay gas which is likely to be upgraded to 300bcf” The whole report reads like a lottery win.
Cores taken from the Cadby Reef are “Oil Saturated”. Raithlin and partners are quoting a “40 Metre Net Oil/Condensate column” just under the gas cap, with an expected “70-100 million barrels from the 40 Metre Oil/Condensate column”.
One has to question why this information has been given to Corporates and not the retail hoards? Why has none of the above been explained via RNS?
Further down in the report it states thus: “Due to the environmentalsensitivities <sic> from the operator (Raithlin) regarding the Oil Discovery <sic> high alert from the anti-frac contingent”
It really does take the biscuit when corporates are being briefed behind the scenes of an OIL DISCOVERY let alone a Gas Discovery, while the great unwashed are left in the dark to scrabble around trying to read the runes.
How many investors have sold out on the lack of news flow in RNS’s? Every thing I’ve read in this report has been supplied to the corporates by Raithlin and the partners, yet, I challenge any one to find that information in the RNS’s of Reabold Resources (AIM: RBD), Union Jack Oil (AIM: UJO) or by Raithlin. Yet this ‘Privileged Information’ has been supplied freely to the corporates by the Operator and the management teams of their partners. And these fookers are targeting “a 3x return on 0.25p initial investment”
The playing field should be level. Certain groups shouldn’t be briefed while others are kept in the dark.
We ALL now know. Those behind the scenes believe, there’s an Oil Discovery underneath the Gas Discovery on site at West Newton. (The Gas Discovery itself is a company maker). So, with the well about to be ‘perfed’ tomorrow & Tankers on standby isn’t it time both listed partners coughed up exactly what they’ve been telling Corporates behind the scenes?
Your duty is to your shareholders not a rag, tag, bag of anti-frac protestors who regardless of what you try to do would still be there.
Potentially The Biggest Oil, Gas & Condensate Discovery in 50yrs, second only to Wytch Farm.
Of course there’s always a risk regardless, it’s O&G, but knowing what’s being quoted by the corporates gives us all a better understanding when it comes to making our decisions. Information is key….
Tip: I often see and hear this: "Know The Game". Let me tell you something, anyone who consistently espouses this shite is 'at the bollox'. Investing/trading at any level isn't a 'game'. It's deadly serious. Those that tweet, podcast or write such shite are in the main Pump & Dumpers, who'll say and do anything to manipulate small cap' micro stocks. Using a whole host of anonymous twitter, BB accounts, DMs, Private chat, phone calls and email groups. It's easy to ramp telling 'porky pies' about crap companies you're taking kickbacks from or dumping shares into the ramp. Silence is better than bullshit.
What isn't easy is getting your hands on quality information. Base your strategy on well sourced information. Remember losing several thousand pounds for most of us has financial consequences. Rather than know the 'game' 'Know Their Game'. Here endeth the lesson...
There’s no a hard & fast rule, in the not so glittery world of financial commentary, but occasionally one has to make a ‘judgement call’ in the interests of transparency for shareholders, traders and investors who’re all too often kept in the dark, when really companies should be reaching out to their shareholder base and the wider market, instead of skulking around behind the ‘corporate curtain’, raising cash.
Some financial placings actually have merit and one, if given the chance, can see the raison d’être or not. Which brings me on nicely to “Project Wallace”. Documents now in my possession confirm that Reabold Resources (LON: RBD) basically think that they’ve hit the ‘Oil Jackpot’ at the West Newton drill site.
Project Wallace is the corporate (Stifel) Institutional overview/pitch of all licences held by Reabold, with summary’s pertaining to each of their licence holdings: Reabold California (USA), Rathlin/West Newton (UK), Danube Romania, Corallian (UK)
For the purposes of this blog post I’m specifically concentrating on the West Newton/Rathlin transaction that can be summed up as thus: “$29m investment for $274.4m of additional value” which doesn’t take into account the potential value/oil from the Cadeby oil play which has a further value of $850m NPV (gross). The proposed placing price was 1.2p. That may have changed post the ShareProphets scoop and RNS confirmation. We’ll know soon enough. For those of you who wish to read the complete unabridged Stifel overview there’s a ‘Click Me’ button at the bottom of this post.
It’s glaringly apparent that RBD and their partners believe that West Newton is a major onshore oil/gas discovery that will flow oil & gas and could net well in excess of $1,000,000,000 at $11.50c net back based upon as yet the unpublished CPR and the volume-metrics that will soon be released. The Extended Well Test is due Q4 2019, which means West Newton is gearing up, news should start to drop next few weeks or so….
To me it looks to be the ‘real deal’ based upon what’s been going on behind closed doors however ‘Caveat Emptor’ always applies. It’s not in the bag until it’s in the bag. RBD will be fully funded with an increase in West Newton which is basically their crown jewels. UJO are already fully paid up for the EWT and have £2,600,000 cash at hand, they’ll probably sell out after the oil/gas flows. It’s known that Bramhill (CEO UJO) has consistently rebuffed offers of financial backing from several institutions.
So, how much O&G is there? We’ll get an idea once the CPR/Volume metrics are released which should come pre EWT. A 65 metre hydrocarbon column in the Kirkham Abbey is in itself a company maker. Add in the Cadeby and it’s probably the best O&G play on the London Stock Exchange. Especially since all the Major holders have all basically ‘sold off’. That brake has gone. Expect TR1s with the inevitable deceitful ones double speaking trying to talk both companies down. Par for the course, i’m afraid.
Once oil/gas flows at West Newton then RBD could hit in excess of 5p and UJO anything up too 2p. Of course it’ll be a bumpy ride with many peaks and troughs but that’s again ‘par for the course’ in the Oil Sector. So, now we ALL know the facts on West Newton and the proverbial playing field has been levelled. Courtesy of Dan! The Man! Whose got no hair but doesn’t care LOL!
Commenting on stocks and shares can at times feel like a character from a Hans Christian Andersen tale, one in particular, “The Emperor’s New Clothes” springs to mind every time I read or see the utter shite constantly pumped on social media by various shysters on both sides of the fence, corporate and retail.
It doesn’t take a genius to see the metaphors from fairy tales played out on City of London listed companies by traders and corporates alike who rely on ‘greed’ to blind ‘common sense’. The target being lumpen-proletariat small time mug-investors or as I call them ‘the meat in the liquidity sandwich’. The goal is to push the ‘tall tale’ using various ‘ruses/ploys’; such as ‘behind the scenes briefings’ to certain well known P&D merchants who take a position as well as small fees with ‘warrant packages’ then go out heralding the news of riches beyond your wildest dreams….
Which brings me on nicely to Nu-Oil & Gas (AIM: NUOG) the current nudge, nudge, wink, wink is in full flow not least on the BBs and twitter sphere. NUOG are a shell they have absolutely no value whatsoever other than there listing value. The old Board of Directors are being paid out, then kicked out, with a new team set to come in post GM ratification. The ‘new deal’ is deliberately structured in such a way that a select group of Novum placees (no more than 4/5 individual connected investors) are taking £1,000,000 of stock at a 50% discount to today’s SP, while a newly formed corporate entity holds £2,500,000 of loan notes (again at a 50% discount) to flip out as and when you ‘the meat in the liquidity sandwich’ are buttered up into believing in ‘Fairy Tales’. Mugs buying in at 0.075p are paying a 50% premium to that placing and loan note package. £3,500,000 will be flipped out into the orchestrated rise. A rise that will be predicated on a ‘hope value’.
If by now you haven’t worked out the implications then let me spell it out. You’re starting a race with a handicap. You can never beat the corporate flippers because they have a 50% head start with access to the news flow. If today you were 20% down on your stake bought at 0.075p they would still be 30% up. It’s a race you can never win.
‘Weaver’ Fumagalli?
The company holding the £2,500,000 loan notes are C4 Energy Ltd. That paper company is the brain child of one Marco Fumagalli (Continental Investment Partners, Sound Energy, Coro, Echo) and Mr James Parsons (JP) (Sound Energy, Echo energy and Coro). Both are connected at the hip as is Mr Andy Dennan proposed director NUOG, (current CFO & Director CORO, Sound Energy Holdings Italy Ltd, Alpha Growth Plc, Baron Lux LLP). I know them all, have met them, broke bread with them and talked all things O&G with them. They’re decent people in their own way. But as corporates go I wouldn’t trust them with a ‘birds nest’. They are ‘corporate bastards’. NU-OIL, at this stage of its evolution, isn’t about finding oil or gas in Cuba, Mexico or some far field of a foreign land that’s forever England, it’s about corporates playing the system using a tried and tested method to make money regardless of finding oil or not.
….. ‘Weaver’ JP? …..
All of the above have made substantial sums of varying degrees, of a reputed £200,000,000 million generated from the Sound, Echo and CORO ventures. The largest slice of the pie going to the moneyman who finances the companies: Fumagali/Continental and their various offshore exotic mechanisms.
The ownership of C4 Energy wasn’t disclosed in the RNS of 2nd October 2019. That omission was deliberate. It was a calculated ploy to set the NUOG shareprice to spike in an attempt to replicate the fantastic gains of the early days of Echo Energy. Pump and Dumpers were briefed to scream it from the rafters. It ultimately failed.
Sadly all three companies Sound, Echo and Coro ‘ultimately’ bombed. Now that isn’t a critique of any wrong doing. Far from it. In the real world the best any investor can ask for is a company does what it says on the tin: i.e. They get their licence, and drill it. All 3 companies have done exactly what they said they would do. They have ran and continue to run within the rules and regulations. On the whole their biggest failure has been geological and it’s geology that determines financial success or failure for shareholders. However it’s not the geology that determines success or failure for corporates it’s selling heavily discounted stock into ascending share prices.
The whispered Cuban licences for NUOG are a fantasy. One only needs to do what Liargas did with his ‘Fairy Tale’ and speak to the British Ambassador to Cuba who explained that O&G exploration in Cuba was 15-20 years away due to the Geo-political situation vis-a-vis the USA. Exit stage left Liargas from Cuban oil into cannabis.
Based upon historical performance of those now taking control of NUOG if it runs true to form then it’s nothing more than a corporate carve-up pre change of control…….
So, the questions are many. Too many for this blog. But questions will be put to those running the show and answers sought next week. Such as: Since when did an Oil & Gas CEO (JP) decide that issuing vulture finance packages and organising a select placing at ‘mates rates’ to mates, become more productive than finding oil and gas?
Viva
Dan
N.B: Kejserens nye klæder) is a short tale written by Danish author Hans Christian Andersen, about two weavers who promise an emperor a new suit of clothes that they say is invisible to those who are unfit for their positions, stupid, or incompetent – while in reality, they make no clothes at all, making everyone believe the clothes are invisible to them. When the emperor parades before his subjects in his new “clothes”, no one dares to say that they do not see any suit of clothes on him for fear that they will be seen as stupid. Finally a child cries out, “But he isn’t wearing anything at all!” The tale has been translated into over 100 languages.
(It’s taken so long to source & firm this up that I’m amazed it’s not already leaking)
Last Wednesday I was in London on a ‘hush hush’ mission to glean information on Companies that I’m interested in. Doesn’t matter if it’s negative or positive, occasionally the ones you think are negative can turn positive and vice versa. For me it’s all about beating the corrupt corporates and telling it as it is. Good or bad….
Most of the meetings I attend are pre-arranged, some times, like the NUOG lunch, crossed wires conspire and the meeting/s get missed. It’s no ones fault, that’s just the way it goes. But that missed opportunity was filled by two hastily arranged ‘coffees’. One with the current FCA registered SER Director (Mike) and the other with an official (Nomad) whose company represents one of the two London listed oil company’s with an interest in West Newton.
Being a ‘cautious’ type I chose not to immediately write up my West Newton scoop from the second of those two unconnected ‘tete a tetes’ until I could make enquiries with different sources to ‘cross reference’ and firm up what I was being made aware of. Kind of test the water etc. That’s now been done. Several unconnected sources from London and Canada all confirm.
Once again ‘yours truly‘ delivers to you a massive exclusive on Rathlin’s West Newton drill. The drill that has already been declared by the partners as a ‘Major Onshore Hydrocarbon Discovery’.
News leaking on the West Newton Discovery indicates that all partners are ‘cock ‘o’ hoop’ on the data sets and core analysis from the operator Rathlin. There’s been an enforced blackout and much debate within the group/partners on keeping the numbers unannounced until all the core analysis has been completed. This could be because there are persistent whispers of at least two majors sniffing about.
The scores on the ‘Oil No’ Doors’ are way above expectations. That news is now in and should be released immediately by the partners, especially as it’s now in the public domain, post the publication of this article.
So you can take it from me that news is on the way from the Rathlin, West Newton drill, that could result in a huge, and I mean huge, increase in the share-prices of both listed companies who have a stake in West Newton. (0.92p) Reabold Resources (LSE: RBD) who now own 59% of Rathlin which equates to a 39% interest in West Newton and (0.22p) Union Jack Oil (LSE: UJO) who have a direct 16.6%.
The ‘Oil in Place’ numbers from the analysis of the core samples has rocketed upwards and will indicate a minimum ofover 140,000,0000 boe (barrels of oil equivalent). The high case is thought to be close too, if not over, 200,000,000 boe. Both Nomads have been briefed as have the O&G Authority.
If those numbers are confirmed and I’m 99% certain they will, then the SP of both companies should rise significantly, regardless of talks that may or may not be happening. I’d expect on these figures, coupled with a successful Extended Well Test (EWT) share-prices of multiplies on both London listed company’s. These numbers indicate one of the biggest onshore hydrocarbon discoveries in the UK.
Knowing Nomads as I do, from my short tenure at Sefton, you can bet your last shekel that emails will be flying back and forth on publication of this article.
On New Years Eve 2019 an RNS landed, when I say ‘Landed’ I actually mean it was forced (greenmailed) out of Anglo African Oil & Gas (LON: AAOG), by a group of what can politely be described as ‘Corporate Bullshiters’. The RNS went on to explain a ‘proposal’ to basically buy all AAOG (Riverfort) at 1p per share and £5,000,000 of funding. That information, that was forced out of Anglo African Oil & Gas, caused a huge spike in their lowly Share-Price.
That rise, along with the buying of stock previous to the RNS release and the subsequent selling of the stock needs to be investigated by the AAOG Nomad. And here’s why.
The Group who made the offer are headed by Mr Adam Dziubinski of the one man band, or is it 2? Brokerage Jub Capital whose history is one long story of ramping stocks on social media, email, twitter and private message groups then selling out on the quiet, leaving mug punters holding the very stock that Jub sell. Jub Capital is well known to me and every serious trader/investor. Mr Dziubinski is a known corporate flipper of stock on the Alternative Investment Market. He has no oil or gas experience. None whatsoever, unless ‘flatulence’ qualifies to go on a CV.
What in my honest opinion is happening here is nothing short of farcical.
Questions need to be answered by Jub Capitals’ Mr Dziubinski as to the veracity of their proposal, which has fundamental ‘SkoolBoy’ flaws in it. Are Finncap, shareholders and the BOD of Anglo African aware that:
Oxford Energy Ltd has no cash whatsoever, no office, no assets and has no experience in O&G other than the word ‘Energy’ in the companies name?
Are they aware that Oxford Energy have no accounts and are in the process of being Struck Off as per United Kingdom companies house gazette notice?
How can a company that’s a piece of paper, with absolutely nothing, zippo, no accounts, no cash and in the process of being Struck Off be allowed to claim in an official RNS that it’s going to pony up £5M? It is farcical in the extreme….
As for the proposed directors coming on the Board of AAOG. The appointment of Alex MacDonald and Matt Thompson that in itself is no less farcical.
Oxford Energy Ltd…. No Accounts?!?
Thompson has three directorships showing. The (soon to be struck off) £100 Oxford Energy Ltd. Adventure Power Ltd, 18 days old, value £100 and the creme de la creme 20 day old Grosvenor Energy Ltd. Value? £2…..
While ‘Old’MacDonald has one directorship and 1 share in? Yes you’ve guessed it Grosvenor Energy Ltd. The £2 company.
These are serious failings on the veracity of this ‘groups’ proposal. One has to ask what the fook Align Research and Richard Jennings are doing teaming up with this crew?
As for ShareProphets & Tom Winnifrith **it’s a case of too much cooking sherry over Xmas! How could TW fail to spot such a pig in a poke? Particularly as he’s well aware of the historical Pump & Dumping of Jub Capital…. And Dziubinskis’ use of Chris ‘Oil’ Williams’s funds. The majority of funds currently on deposit within Jub Capital belong to Mr Williams. Indeed Chris Williams ‘IS’ by de facto a major shot caller at Jub Capital in all but name. Without his money they’d be struggling day to day. I don’t need it confirming but I can say with a degree of certainty that Mr Williams will have been approached re AAOG funding pre the forced RNS…. Take that as read!
I’m a substantial shareholder in Anglo African Oil & Gas via Sefton Resources. I look at this proposal as both a CEO and a shareholder. How in Gods’ name can a struck off Oxford Energy take a loan out of £5,000,000 secured on 100% of the shares in AAOG Congo? Oxford Energy don’t own AAOG Congo. It is farcical.
It’s all about one thing and one thing only. Jub Capital and their cronies using AAOG as a vehicle to dump artificially inflated stock on you the Lumpen-proletariat.
‘Party boy’ Broker!
The Tilapia asset is in deepest, darkest Congo, central Africa. Pray tell share-holders Jub Capital, exactly what’s your experience in organising an O&G drill in Africa? The Congo is a dangerous country to operate in. It’s to the credit of AAOG that they got as far as they have. You need to be able to operate , organise and communicate with various factions within and out of Government. Capabilities that this ‘group’ doesn’t have and never will have. Going on the piss in the flesh pits of Bali, Thailand and Mexico, to name but three of the recent haunts Dziubinski has rocked up in, is yet again indicative of the farcical offer. Zero experience.
So in a nutshell the choice for the Board, shareholders & Finncap the Nomad is which company or group are best able to deliver some value back to Anglo African Share-Holders?
1/ Zenith Energy a proven, albeit, small, producing oil company that operates the largest onshore oilfield in Azerbaijan by cumulative acreage who also have a Production Sharing Agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR). Zenith are a London standard listed Company with a medium to long-term credit rating of “B+ with Positive Outlook” issued on October 9, 2019 by Arc Ratings, S.A. And a “B+” with Stable Outlook debt issuer credit rating issued by Rating-Agentur Expert RA.
OR
2/ The tiny P&D Brokerage Jub Capital and its cronies such as Oxford Energy a company with no O&G experience, no assets, no cash, no accounts, a nominal paper value of £100 and due to be Struck Off within weeks?
There are a myriad of Serious questions not raised in my article, to be asked and answered here by the Nomad Finncap. This Open Letter has been emailed to them. I trust that they will now follow up and as they say ‘follow the money……’
It stinks!
Viva
Dan
**NB. I’ve altered this joke as I’ve had a complaint (Over-Reaction) from Mr Tom.
To hold or not to hold? That’s the question being asked by share-holders of Union Jack Oil (LON: UJO) & Reabold Resources (LON: RBD).
There’s been a lot of piss & wind posted recently on the, Rathlin operated, West Newton major oil & gas discovery. The key to investing and even trading is to pick your entry and your exit, based on what you know as opposed to what’s being eternally spouted on social media. There’s one twitter lunatic who seems to think (Wrongly) that UJOs’ head honcho is responsible for putting in the HSE, O&G paperwork as well as ordering all the capital equipment for the imminent drill/s and any delay is their fault.
Oil & gas drilling by its very nature is bureaucratic. It’s the Operator Rathlin who lodge ALL West Newton applications. Partners have a non operated interest. If you have any doubts on your trade/investment in any company or in any sector then sell up and move on. It’s as easy as that. Get out, there’s no shame in selling.
Yesterdays Rathlin update was forced due to the amount of erroneous speculation circulating on social media.
“Rathlin Energy (UK) Limited, as operator of the West Newton A-2 well, is providing the following update regarding the Extended Well Test.
Preparations for the retesting of the well are progressing both from an operational and a regulatory standpoint.
Coordinating the availability and timing of services, equipment, personnel and other aspects of operations with the requirements of our regulators is imperative.
These activities and approvals are often dependent upon one another.
Rathlin Energy (UK) Limited will provide operational updates via this website when appropriate.
Kind regards
THE RATHLIN ENERGY (UK) LIMITED TEAM”
So with the above in mind, here’s exactly what’s going on. The Extended Well Test and site mobilisation are a matter of days away. All equipment has been sourced with a date pencilled in for the EWT, and the drilling by Rathlin of West Newton 2B could happen in concert or be very close behind the EWT. One rubber stamp is awaited from the EA. That application, according to my sources, went in last week. The usual turnaround from the HSE/EA is 14 days. So my ‘back of the fag packet calculations‘ are end of this week beginning of next. Site mobilisation and EWT are imminent. Don’t be fooled or get caught out. When the news drops the SPs are only going one way.
Reabold and Union Jack are fully funded for at least 18months, both have paid up in advance. There should be no placings in 2020. Especially UJO whose asset/production base are all UK onshore. Onshore drilling, compared to offshore, is way, way less expensive.
There are at least 2 oil predators awaiting the EWT oil flow results. That means that if it flows, as expected, from the 60,000,000+ boe then there’s a real possibility, depending upon how far West Newton 2B has progressed, that the asset will be bought out by either one or both Majors in partnership, circling.
Share-holders of both listed companies need to remember that West Newton is a billion dollar oil play:
A major UK onshore Oil & Gas discovery has already been called by the companies. It’s of National importance and as such oil minnows or their interests get swallowed up. That’s how it works in the oil sector.
Any investor thinking that Rathlin will remain the operator of a Major UK O&G discovery are in ‘la’ la’ land’. An offer or offers will come. That’s a given. Of course oil has to flow. There are only 2 companies i’m invested in: Reabold & UJO. That’s because both have exposure to West Newton. I’m not looking at any of their other assets regardless of how good they maybe. It’s all about West Newton for me. All the companies involved are convinced that (barring a major onsite explosion or a military takeover of the UK) oil will flow. It doesn’t get any better than that…..
Well where do I start with this one? It really is a shocking state of affairs over at Nostra Terra Oil & Gas (LON: NTOG). Every NTOG shareholder should be up in arms at the latest twist in ‘The Tale of Two #Scumbags’
The two ‘bad actors’ currently having a bun fight over the carcass of the company and the residual cash left have more skeletons in their respective cupboards than the Egyptian Museum of Natural History.
We all know the ‘form’ of ex estate agent Lofgrans 10+yrs of lies, deceits and corporate failure, using piss poor stripper well fields to flesh out the asset base to give the ‘impression’ of a vibrant young oil minnow, all the while self enriching himself with shareholder cash. Many were suckered in, especially in his early years. Including myself. Most also know the history of Ben(t) Turney. The former ‘Legal Highs Drug Dealer’with more business failures than years (16+) I’ve served in jail….. Turney fled his creditors rocking up in Sweden, (Unlucky for them) eventually to be plucked off the UK Bulletin Boards by ShareProphets (Unlucky for us) only to be ‘eased out’ (Fired) by TW (Lucky for Tom) once his drug dealing to UK teenagers, was exposed by ‘Yours Truly’, on this site.
Turney, is the serial cretin behind the TWO requisitions to oust the corporate ‘Z’ team, headed by Matt Lofgran. On Saturday I received an ‘Admission’ via a third party, in answer to the question that I have sought to shine the ‘light of truth’ on. No such admission was actually needed by me. I knew 100% that he had been taking cash payments. Turney now ‘begrudgingly’ admits that for several years he has been on the payroll of NTOG, lining his pockets with shareholder cash, YOUR CASH! So, ALL those tweets, BB posts, DM groups and articles on ‘Valueless’ the markets, spanning years were all part of an undeclared covered up paid promotion. Well blow me down with a feather, NOT!
Of course his deluded mind is now trying to spin the undeclared ‘cash for ramping’by pontificating on a ShareProphets podcast that he was “employed for several years by NTOG to ‘write their RNS’s’ (Ramps) and that he ‘resigned’ in 2019 due to a CONflict of interest”. Nothing to see here….
#Scumbag1
Turney spinning a crock of shit is nothing new. A fig leaf ‘cover up’ doesn’t cut it here and certainly doesn’t fool shareholders. The plethora of articles springing up on ShareProphets are a desperate attempt to deflect away from his own reprehensible behaviour. The plain undisputed facts speak volumes and are incontestable:
Turney took £10,000s over a period of years to ramp & support Lofgrans’ position. NTOG Company/Shareholder monies were secretly funnelled to him to facilitate, ramp and elicit investors, drawing in mug punters to buy worthless stock while deliberately concealing those payments with the full connivance of the CEO. When the cash stopped the ramping slowly metamorphosed into ‘requisitions’. Ben(t) is unfit to sell the ‘Big Issue’ never mind run a listed company, ZERO O&G experience, a known liar who finances his lifestyle squeezing the last few shekels from bombed out companies, such as Teathers & New World Oil & Gas (Eridge Capital). That’s what Turney has done his whole life. Rinsed money from those gullible enough or desperate to believe in a miracle.
#Scumbag2
These two loathsome creatures are now stabbing each other in the back, with claim and counter claim. The fight for the ‘Piss Pot’ (cash) is on. Turney doesn’t have a pot to piss in so is trying to parachute himself onto the Board, post a winning requisition, to claim the ‘piss pot’ prize.
They have many things in common. Both are religious nutjobs, both have the same christian name ‘Matthew’, both are serial liars, both have a history of utter failure, both are about as trust worthy as a junkie with the keys to the Dangerous Drugs Cabinet, both are only interested in rinsing cash, YOUR CASH, from NTOG into their respective bank accounts and both want to continue fleecing Nostra Terra Oil & Gas……
So, it’s Scumbag V Scumbag or to put it succinctly ‘Scumbags Choice’ for any Nostra shareholder who deigns to vote:
Vote #Scumbag1 Lofgran
Vote #Scumbag2 Turney
A vote for #Scumbag2 will more than likely entail suspension & delisting of Nostra. Shareholders will never see a single penny returned. Just ask Teathers & New World Oil & Gas shareholders who swallowed the Turney ‘Jackanory’……
A vote for #Scumbag1 ensures further dilution, value destruction, Tom Peppers galore and the eventual (12months) suspension & delisting.
What a fucking choice……
You were ALL warned many times on these two low lives
It’s with a certain amount of ‘I Told You So’ that I pen this epistle….
There’ll be no wailing and gnashing of the teeth from Ascent Resources (LON: AST) shareholders at the demise of the God awful ‘Bushmills vampire’, Colin Hutchinson, finally receiving his much deserved metaphorical stake through the heart. I just hope that the ‘Slayers’ (new team) double checked the stake had gone right through when they sprinkled holy water over the corpse. Always best to be certain when it comes to Vampire killing…. Gleaned from watching the Netflix series, Van Helsing
So what next for the Slayers, Ewen Ainsworth, James Parsons and Leonardo Salvadori? Well with the cancellation of Riverforts $421,943 note into a two-year zero-coupon bullet payment loan, convertible at 7.5p per share when ASTs share price exceeds 10p per share for more than 5 days, which represents a potential 100% increase from last weeks placing price of 5p now makes AST a fairly comfortable trade/investment, you can buy at 4.p ish. However, that’s not why I bought in.
As most of you know, who follow my site and twitter, I’ve been a fierce critic of Ascent Resources. I know this company inside out and everything that’s happened to AST I’ve correctly predicted. Clive ‘carve ’em up’ Carver with his crusty sidekick, hapless Colin Hutchinson, destroyed the company. They had no regard whatsoever for their own genuine shareholders. It was never about getting the Slovenian gas asset into full production. Ascent became a ‘confetti machine’ for the likes of Darwin, Henderson Global et al.
The new team who came in last week are some of the corporates I was talking to on behalf of the defunct shareholder action group, set up 18 months ago. Suffice it to say that the market and value of the company has somewhat changed for the worse. Shareholders gave up. And who can blame them? But hope has now been revived
Bushmills vampire
Ascent are basically debt free, ‘Bushmills vampire’ free, generating limited cash from their gas production in Slovenia (which is at the moment mired in a legal controversy the ‘Vampires’, not only created, but failed to address) and now have a team that can sort the mess out. Make no mistake the ‘Slayers’ have already started the process of righting the AST ship. The word is that a delegation is heading to Slovenia pronto! Expect news on this shortly.
News has also reached ‘Yours Truly’ that the new team, pre taking control of the Company, have been in talks with several production/exploration cash strapped oilers, one being Humber Oil & Gas. You may know Humber as a partner in one of the biggest onshore O&G discovery’s in the UK: West Newton and have a stake in the soon to produce Wressle discovery. You may not know that they’re desperate for cash having paid all their West Newton drill costs. All their assets are up for sale. Including West Newton. Enter one Jon Fitzpatrick, (X Macquarie Capital) the negotiator rumoured to be working on behalf of the Lang family. At what stage any of these talks are isn’t known. But talks, there are. Now remember it’s your money not mine. That means investors/traders can buy, sell, hold, derisk or ignore at their own discretion.
If the new team had taken over 18 months ago the SP would probably have made it back to 2/3p. Fast forward today post the consolidation and placing, we have an SP of 4p ish with a resetting of the ‘stock clock’ to 46,196,484 shares in issue. The market cap’ is sub £1.8M. Once the corona virus ‘deflating’ effect passes & the spooked herd stop burning the house down, we’ll see an inflation, subject to sorting out Slovenia & depending on what comes into Ascent, 10p/15p, maybe more, looks achievable……
Now don’t let me have to write another ‘I told You So Epistle’ when it reaches 10p!
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As stated on twitter yesterday, I’ve managed to get hold of the latest Research Note on Union Jack Oil (LON: UJO). It’s by Arden Partners who are a ‘dedicated corporate adviser and multi-service stockbrokers’. A small outfit and themselves a listed company.
I don’t propose to go into a convoluted epistle on the pros & cons of buying, trading, investing in UJO. I’m going to leave that to the reader of this ‘Hot Off the Press’ Research Note.
Suffice to say it’s a buy rec’ with an unrisked NAV of 1.53p and a risked NAV of 0.55p which equates to a 450% gain from yesterdays SP of 0.10p.
By now most of you should be up to speed on all things West Newton, Biscathorpe, Wressle, Keddington and North Kelsey. Success at the fast approaching West Newton discovery via flow test will launch the SP upwards.
David Bramhill is one of the best CEOs out there. His integrity, honesty and genuine belief that UJO are sat on one of the biggest UK onshore oil/gas discoveries is beyond reproach. That’s a fact. You really couldn’t get a better CEO at this level.
I spoke to a broker and an analyst this morning, their opinion is that Union Jack Oil (LON: UJO) did the right thing by placing now. They believe that if the pandemic continues to take hold, raising cash in 2021 would be difficult. It was prudent of Bramhill to get the cash in. Ergo he did what was in the best interests of shareholders. A bitter pill to swallow but one that puts Union Jack on a firm financial footing.
The drill rig for the West Newton discovery is imminent. Wressle should be pumping oil some time in October/November. Keddington will be worked over/drilled, BOPD will increase, Biscathorpe will be drilled. The company are now fully funded for at least 12 months. I don’t expect to see another placing post West Newton success and Wressle going onto production. In my opinion there should be no more placings, the proviso being success or the sale of West Newton.
As for the ‘background noise’ out there post the Union Jack £7M placing that dropped yesterday. Lets get some facts out there. The financial BBs were awash with placing rumours a full 10 days before I managed to confirm a placing.
Understandably people are ‘pissed’, I get that. It’s always a kicker when companies raise cash but it’s par for the course on AIM listed stock no matter how good or bad the company’s are. Regardless of who raises, by its very nature a placing usually leaks out. That’s specifically down to the broker/s running the book who in order to fill the book have to reach out to their clients and other brokers and their clients. That’s how it leaks and that’s why it was all over LSE, ADVFN, III, chat threads etc.
Which brings me on nicely to some of the utter shite currently being posted on social media.
The attacks on Bramhill and his company are nothing short of vile. The conspiracy theories are so wide of the mark that they’re up there with ‘Lizard People‘ controlling humanity from Mars.
What these trolls do is to blame everyone else for their failure. How can you be sat on 50%,60%70% 80%90% profit and not derisk? If you can’t understand that then it’s easy to see why you hurl abuse. You’re not mentally adept to be trading on the AIM Casino. Better you buy premium bonds. Crawl off under your rock, leave it to those of us man enough to deal with the ups and downs of investing/trading.
One moron who got caught holding a big chunk of shares and regularly trades in and out of UJO came up with a belter last night, told me how I’d sold at the top and bought back at the bottom ’cause I knew there was a placing. I derisked most of my UJO at the height of the lockdown pandemic/oil crisis in May, after sitting on a £30k loss I managed to basically break even. I, like you, have other financial commitments, I missed the huge rise but I don’t seek to apportion blame for my missed opportunity. It’s one that got away. No great secret and all a matter of recorded fact with UJO and my broker.
However, inventing smears out of thin air and posting/emailing/phoning vile abuse to a 69yr old CEO at his home is a reflection on you. You really shouldn’t be trading AIM stocks. Baseless accusations of shorting, insider dealing and the calling for the jailing of the company PR girl is about as laughable and ignorant a rant as I’ve ever seen on financial BBs.
It’s all to play for at West Newton. It’ll be interesting to see these ‘pussies’ currently howling shite, change tack should the biggest UK Onshore oil/gas discovery finally flow. Just remember who they are.
The shitposters & online trolls were dealt a severe metaphorical swat to their amoeba like brains today when a TR1 from Union Jack Oil (LON: UJO) landed announcing that one of their major holders, who held 7% of the company does in fact still hold 7%, post the Company placing.
Some times, in life, one scratches the ‘proverbial’ head. trying to understand the mechanics/reasons of companies listed on the London AIM. AIM is an incubator where companies list in-order to grow into fully fledged self sustaining profit making business’s. Part of that process involves the timely release of market sensitive information. There are numerous valid reasons why such information is withheld. But holding back material price sensitive information from retail investors while at the same time furnishing that information to ‘selected’ Funds, Brokers and Analysts isn’t one of them. Neither is withholding RNSable information from retail investors so as not to upset or appease protesters!
back based upon as yet the unpublished CPR and the volume-metrics that will soon be released. The Extended Well Test is due Q4 2019, which means West Newton is gearing up, news should start to drop next few weeks or so….
Once oil/gas flows at West Newton then RBD could hit in excess of 5p and UJO anything up too 2p. Of course it’ll be a bumpy ride with many peaks and troughs but that’s again ‘par for the course’ in the Oil Sector. So, now we ALL know the facts on West Newton and the proverbial playing field has been levelled. Courtesy of Dan! The Man! Whose got no hair but doesn’t care LOL!
Commenting on stocks and shares can at times feel like a character from a Hans Christian Andersen tale, one in particular, “The Emperor’s New Clothes” springs to mind every time I read or see the utter shite constantly pumped on social media by various shysters on both sides of the fence, corporate and retail.
Well where do I start with this one? It really is a shocking state of affairs over at Nostra Terra Oil & Gas (LON: NTOG). Every NTOG shareholder should be up in arms at the latest twist in ‘The Tale of Two #Scumbags’
critic of Ascent Resources. I know this company inside out and everything that’s happened to AST I’ve correctly predicted. Clive ‘carve ’em up’ Carver with his crusty sidekick, hapless Colin Hutchinson, destroyed the company. They had no regard whatsoever for their own genuine shareholders. It was never about getting the Slovenian gas asset into full production. Ascent became a ‘confetti machine’ for the likes of Darwin, Henderson Global et al.
Bushmills vampire
