The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dave....
Please go away and play with your train set. You're clearly inept and lack even basic education to understand what you're waffling on about. Rather than insulting respected posters I suggest you actually try and learn from them
Constructive criticism is welcomed as give a balanced view but when no one listens to the facts that becomes tiresome, not posted as the chat has become toxic.
We can only go by the information , clean up of well with flow results and next spud
That's my input
Like I said dave - give it a rest - you are boring - like a child that has no coherent response and resorts to insults
clearly you didn't read the post - you are still being insulting - go away
Got nothing constructive to say have you SEA7, it's what all rampers like yiu rrsort to when they have been cornered. Carry on ramping away with your pal James
so much bickering we have missed the Rustavi local posting about the chemical delivery.
Interesting fact about history of oil and gas in Georgia from that document. Over 1.2 billion USD spent since 1994 without any exploration success or increase in production. Beginning to think that Georgia with regard to o& g is a sh*t hole. The only people to make anything out of it is the bod and the close team running this company.
dave , give it a rest mate -your boring
It's you that can't see, despite the facts being in front of you, wearing your rose tinted glasses.
Now with regards to an education in the stock market, i think you need it more than me
Someone that interprets a "Happy Xmas to our shareholders" tweet from a company as "big things are coming after Xmas" is certainly not cut out for the stockmarket.
dave ....are you sure that you are actually cut out for a career in the stock market
can you actually read.
how many more times do I have to state it - read my post will you or go and get some education.
Are you for real SEA7? The next well is funded, but what about the rest??? You think they are going to stop after the next drill lol...
Afriend tells me that a lorry with canister plastic being unloaded at WR-B1a with crane.ask more Tonight.
.
are you actually for real dave or just taking the p^^s.
they are fully funded for the next well - that is what it clearly states and that is what I have always stated, since they made it public in an rns - I have always known that further funding will be needed to exploit the much larger potential.
this document,
https://vdocuments.mx/reader/full/georgia-oil-and-gas-lim-source-rock-gas-field-shale-oil-shale-gas-resource
provides overview on the georgia o and g scene and was created by georgia oil and gas limited back in 2018 - you will also note that guarm, who is the operations manager at block, is also listed as being part of georgia oil and gas, as well as being part of canargo, that worked these fields years ago.
@SEA7: The problem is, that with a couple of well known exceptions, most folks here barely believe a word the BoD tell them anymore - and with good reason - it's one reason why sentiment is where it is. You state correctly that they are funded to June 22 - but that is dependent on WRB1 flowing commercially - we'll see shortly. However, I don't trust the BoD one iota and want out asap - so I'm all fingers and toes crossed it does flow - I'll likely still take a big hit selling, but at least I'll finally get this endless s hit show behind me.
All IMHO
"It also states in the accounts that further funding, in the form of equity/debt etc will be needed to exploit the larger assets."
Thank you for proving my point SEA7, so stop going on about being "fully funded" , which it clearly isn't. The next drill will have to bereally damn good (700-1000 bopd) to bring in any meanigful revenue, and going by history good chance it won't be.
ffs - do any of you (dave/geo) actually read any rns's?
it clearly states that the next well is funded from existing resources. It also states in the accounts that further funding, in the form of equity/debt etc will be needed to exploit the larger assets. It also states that the company can pay its bills until june 2022 as things stand, subject to oil prices and wrb1 actually producing.
even the brokers notes state that there is no guarantee of success at any wells, as they may not produce after workovers and that the company will assess its drilling order based on the performance of each well in the plan - the company has a huge acreage, hundreds of wells, mountains of data and is working on a programme to enhance the boepd.
are you even invested here, because your comments say otherwise.
Of course a few hundred grand is going yo make a big difference isn't it? NOT
Given there was only £2m in the bank not long ago, I'd say there is more than just a 50/50 chance of GEO being correct about a fundraise. Do peoole seriously think they will achieve big developmrnt milestones with just £2m lol,
As usual Geo you have a 50/50 chance of being right.
‘Projecting bile’ seems like a bit of an exaggeration tbf.
If you think they won’t need a raise then simply say so and explain your rationale ..that’s a discussion. Maybe I’ll say, oh I see, didn’t think of that..?
IMO the only way to make money on aim oilers is to predict the dilution events sell and buy back once they are cashed up and excited bunnys again. They are all the same useless bunch at the end of the day - can’t think of one that’s provided a good return on Capital..if you want long term value buy shell. Anyhow This is finished for now for sure as the cash cliff edge is way too close so needs more ££. Maybe Im wrong ..let’s see.
Good luck.
yeah - as far as I am concerned, anyone who posts on a bulletin board is either a holder or has a vested interest in the price action of the stock.
anyone who posts on a stock that they do not hold and have no intention of holding or trading really should be elsewhere preparing and trading their next opportunity. Bit like an employee dossing around anothers desk - stop wasting time and get to work.
Yawn, staggering how much time geo spends projecting bile about S share he is not invested in. His stomach ulcers must be horrific having so much angst about stuff that doesn’t concern him. What must he be like with stuff that should concern him.
The biggest looser me
The biggest winner Paul & James & Co
I am ashamed investing here
This won’t be a going concern for much longer if it’s loosing on average $2 mm a year. Raise before Christmas a certainty.
If Directors had sold any it would have to be RNS’d. These will be contractors or low level staff selling a few to feed their families imho.