Equator Exploration Share Discussion Threads

[riskyinvestor] 21/7/2023 10:21

2LB

You in Tower Resources

I think you paod 0.12p and now it os 0.038p

[2lb] 19/7/2023 15:22

Dimmock is being paid to kill it - he only cares about the cash in his pocket.

[digger2779] 18/7/2023 08:54

Simon - Wish I could share your optimism but I don't think Dimmock is doing much to turn this around. Have you spoken to him?
As far as Peak is concerned what sort of reconciliation will it take to get the green light? Remember they just ignore court rulings and will appeal anything not to their liking. The whole country is run through corruption which must be a huge problem when trying to attract investment especially if it's to come from outside Nigeria.

[luckyswimmer3] 18/7/2023 07:41

Nice to see some positivity Simon. Agreed, 2.5bn recoverable across all Equator blocks and 481m shares suggests $16 per share value could be unlocked one day.

[d1nga] 18/7/2023 07:32

He's escaped from a secure facility somewhere, deluded.

ITS GONE 🙄
DON'T IMAGINE EVER GETTING IT BACK

[the tooting expressway] 18/7/2023 06:15

Wow, not sure what Simon has been smoking. Shares now worth 15 times the amount when delisted, in the most corrupt of regimes with the company now loaded with debts.

Hmmm.

[jeaniehow] 17/7/2023 20:05

Thank you Simon. Would you be able to help support us? I like what you are saying.

[fatfish] 17/7/2023 17:32

I like what you say Simon, hope I live long enough to see it.

[simon follett] 17/7/2023 16:38

Digger, it is a hefty holding for me, I paid around £66,000 of hard earned money for it. I still have hope for a fair settlement.
What are the chances of EEL relisting? Philip Dimmock is going the way of resolving all issues before a relist. Once EEL is relisted Oando will make an offer for the remaining shares and EEL will more than likely be absorbed into Oando rather than operate as a wholly owned subsidiary. Personally I would like for EEL to relist today whether or not the Peak farm-out is resolved or significant progress is made with the other assets because a low offer can always be rejected. If EEL relisted today with its largest asset no longer in contention, I guess it would go for at least £1 per share. Also, if Peak Shale is occuring now then I would anticipate a significant upward momentum on the oil price for the next 2 or 3 years maybe taking the risked NAV to over $27 per share at around $120 for Brent. This would outweigh the increase in debt over the time by far. There is no substantive reason not to relist even if time (for the moment) is increasing the value of the shares.

[riskyinvestor] 27/6/2023 10:10

Am in the same stock as MR K now

ANGLE PLC (AGL)

[digger2779] 26/6/2023 15:52

Simon - ouch that is some hefty holding. I thought my 107.5K shares holding was bad enough. I've written them off.

[fatfish] 26/6/2023 14:26

I share your pain as do we all, thanks for clearing that up Simon. :-)

[simon follett] 26/6/2023 12:48

I last posted prior to the delist as Sakasit. The password has been long lost. I am a long term EEL shareholder with over 700,000 shares. After 14 years I question the chances too, but I decided to forget about them, so please excuse the optimistic leaning post.

[fatfish] 26/6/2023 05:58

All this points to a favourable environment if EEL were to relist in the future.

And what do you think will be the chances of that happening.

your profile is less than a wk old.

[simon follett] 25/6/2023 09:42

According to my calculations EEL has a risked NAV of around $16 per share. At the moment the Henry Hub gas price of $2.6 renders the gas assets sub-economic but it could rise again over the next few years to above $4 which is needed to be profitable. The oil price has almost doubled since 2009 despite the vast increase in U.S. shale production. The United States shale oil boom looks to have peaked and production will fall just as fast as it rose from 2009 putting upward pressure on the oil price. Conventional oil production peaked globally in 2016 so this will also raise the oil price. The Nigerian oil and gas sector index is close to all-time highs with increased investment interest since what seems to be the bottom of the market in 2020. The floating of the Naira is a move in the right direction which will support growth and encourage investment in Nigeria. All this points to a favourable environment if EEL were to relist in the future.

[riskyinvestor] 23/6/2023 09:42

Come on MR K

Sort something out

What was the Nuclear option

???

[fatfish] 19/6/2023 06:13

Muto,
I think you may have read that the wrong way.
Same with texts on peoples phones, one person reads it one way another takes offence.
No mistaking you words though :-)

[mister md] 18/6/2023 15:04

This one is STILL showing in my portfolio ...

[geordieduke2] 09/6/2023 11:31

With only 1 of the holy trinity of Nat, spp and MrK left and nothing from MrK for months, is the SLG dead too, or are we just 2 months away from a windfall?

[jeaniehow] 01/6/2023 09:28

Ww2bm. This is so sad. Is there absolutely nothing can be done to stop their thieving?

[whowants2bamilionare] 01/6/2023 08:45

Yes EEL is now like a rudderless ship, heading for the Niagara falls, with it's valuable cargo being removed by pirates.......