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That is a good point M22c , as i read the rules it would not apply to a vertical once producing the only details protected would be the direction and length of a horizontal well.
Is production from the vertical fed deep well allowed with the tight hole restriction in place ?
Once again Tiburn a reasoned discussion of the situation ,
After relist news was forthcoming even though it was clear the market was not as positive as has he would have liked ,
he also knew that the Cuda situation was likely to come to a head around this time but still tried to drip feed some imformation through unconventional routes.
After the not to loudly trumpeted discovery in the deep unit everything stopped .
Therefore something has fundermentaly changed.
I don't buy this ignorance or disrespect towards pi's or even ii's.
The silencing of news on the deep ( only for 6 months iniatlly if approved ), and also all our other assets MUST be significant.
Whether it is for Cuda purchase ( or some other assets ) time will tell,
those of us advocating this position will be pilleiried if we are wrong ,
but imho there can be no other explanation .
But one thing i am fairly certain about,
he will want to come out all guns blazing once the news embargo is over to put the SP situation to bed once and for all.
GLA.
Just makes no sense unless an ulterior motive...
Yours is an excellent post Tiburn. Thanks for giving us your thoughts. I for one very much appreciate it.
As you rightly pointed out before, if Barron Flats Deep is as exciting as we hope it is then it follows that a “tight-hole” status should have been sought which is exactly what we’re hearing. “Tight-hole” meaning no information is allowed to be sought or released be released as I understand it. Why would you bother doing that if the prospects weren’t looking good?
Unless I hear differently I believe there’s a case running in the courts against CUDA. The costs aren’t fixed the’re accumulating which is why their value has been asked to be assessed on a quantum meruit basis. If I’m right there can be no public discussions or announcements on the case as the matters are likely to be considered sub judice.
Patience will be rewarded here I feel.
AIMHO
So why on earth would they keep doing that at a loss of 4p or so a share? What's the motive?
So why on earth would they keep doing that at a loss of 4p or so a share? What's the motive?
Dis you actually expect anything else on a 100 to 1 consolidation, then a lack of news flow?!
I’ll correct that. It’s like snakes and snakes
Milholland absolutely does NOT values PI’s except as a means to tap them for money when the salaries need to be paid (remember that video followed by the massively discounted placing). He’s taken the company from one mess and set of excuses to another. It’s like snakes and ladders.
If true then our dear Arther has his hands tied behind his back
He could be on the verge of something who jacknose
If its not by design then its total disregard for share holders.Lets hope its the former i would rather be in a share that values and informs us tbh but IF it is for the greater good of the share thats fine by me
If you were going out of your way to reduce sentiment, reduce SP and market cap to make a lower comparative value for CUDA sale at this time, what would the CEO do?
- Not release any news for two months
- This at a pivotal time when MF increasing from 6k per day to 10k injected, and this following a 24% rise in period Aug 17- Sep1st
- Not do any interviews
- Send out RNS on a brokers note with a broken link, when resolved the link is just to the home page of ARC and then when article found its behind a paywall
- Perhaps allow your website SSL certificate to expire, meaning no front of house access to COPL position, showing lack of attention to detail and unprofessional messaging, also no access for prospective buyers of CUDA who may wish to check the operator of the field that has this WI they may wish to consider.
- perhaps on purpose not update website since Feb 2021 for operations when so much has happened, do not issue any revised production profile charts in your gift, do not update the website even when off line for 6 months from its cumbersome form now, in dire need of upgrade to best represent the company and attact II and HNW buyers.
- Do not announce any spending plans, as need to keep all cash back for the CUDA sale
- Make the pivotal discovery FD drill result confidential so no perceived value may be assigned to CUDA WI on subsequent drills - do not announce this intent by RNS or reasoning behind it.
- Do not update on BFU drilling plans, specifically as the drilling was deferred to start 2022 in just ten weeks as agreed with CUDA to allow them more time to resolve their position and contribute towards drilling costs.
- Do not announce CC well recompletion progress the market knows is ongoing, or general CC update as this adds value to CUDA perceived value of their WI in this lease.
- Do not update on butane bullet supply, Midstream Tallgrass plant deal for maximised, constant and steady bullet supply gauranteed so no further supply issues may impact production, ensuring rivals in the hot PRB cannot monopolise the bullet supply
- Do not update on any aspect of the business in any respect at the most critical time of its growth cycle to become a cash rich producer that can manage its debt, a CUDA aspiration of what could be for them if allowed to continue in some form with a retained WI %.
- Issue legal challenge to CUDA in period which highlights their debt position with multiple creditors and dire postion overall, if CUDA as a company sold with all its baggage to a prospective buyer.
We may never know what was by design and what happenstance, but the net effect is the same.