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Thanks Mc i thought is was just me being dim-------so we have $10 mill to add on to our bank balance in the near future-----
----All debts cleared, ---
--All future ventures funded (and more to come maybe)
--cash heading our way
---and $30 mill in the bank
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-what's not to like.
The 5m (of the 10m) is still to come I believe, which will take our cash balance back near 30m. Buyer(s) is/are still around. bs - firstly, you and your delicate little ego which tries to puff itself up by pretending you are some kind of honest broker who insults me and transparently bad actors in the same sentence, can well and truly kiss my skinny butt. You're clearly incapable of simply recognising someone may know better than you and furthermore provides insights and opinions based on that knowledge base. Instead, all you offer is the cynic's answer to everything: 'trust no one except me because, after all, I trust no one,' and by doing so you seem to think that raises you above the fray. Well, I'm afraid it doesn't. All it does result in is a slurry of false equivalences, flaccid commentary, and logical fallacies.....Meantime, the new evac system is being built during the teeth of the pandemic but the company is holding to its previously disclosed completion schedule, which is Q4 this year.
not old news you fool it news taken from today intrim statmunt. if you think it old news it go to show how bad the red lion is at fixin it problems if we still have same problems as two or three year ago. lol.
why do you ask me question then ask me not to answer you a politishun or a dicktator or sumthing like that i guess. so i ignore your stupid reqest and answer anyway.
the fso is all talk no action. it two years late. two years of downtime and theft by ole while we wait is lot of monies down the pan. blame covid if you want then go invest in a medicine or amazon like delivery cumpany who will do well out of covid not make excuses for poor old red lion who still dealin in old fashoned out of date over supleyed comoditys no one wants.
now wait for mr fannins team to tell us now is time of great buy oppertunity. the jokers. lol
afke or afact
Mcleon- --still cant find that $5 mill mentioned---are you sure, ----it looks to me that we still have the $10 to come.
That's all old news, as well you know, and we heard all this from you on the last set of figs.
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-You know as well as the rest of us, that the new Pipe Line and FSO, which are coming onstream shortly, will stop 90 % of these historic problems.
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-We have discussed this at length, many many times.
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-You seem desperate to try and generate some selling, is it you (or your MM friend) that has the buyer----or is your short still open ??
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-Don't reply ---I really can't be bothered getting into any sort of conversation with you.
· Loss from continuing operations for the period ended 30 June 2020 was US$20.3 million (30 June 2019: loss of US$6.8 million). For clarity, this figure does not reflect Loan Notes cash received.
· Eroton completed its three well drilling programme in early 2020, with the final completion and flow of these wells impacted by Covid-19. The recent lower oil price has led Eroton to improve capital discipline and the prudent deferral of the next drilling campaign, now expected to commence towards the end of 2021.
Oil delivered to Bonny terminal for sales was approximately 25,200 barrels of oil per day ("bopd") in H1 2020 (32,000 bopd in H1 2019) and continues to be affected by combined losses and downtime of approximately 32%. The 2020 figure has also been affected by OPEC oil production quota restrictions.
Production downtime of 15% in H1 2020 was caused by third party terminal and gathering system issues.
· Pipeline losses by the Bonny Terminal operator have been relatively stable over the past year (30 June 2020: 20%; 30 June 2019: 18%).
After paying out $2 mill for a SBB and $33 mill in a special Divi, plus investing $15 mill in the ELI pipe line, and setting aside $6.8 mill for the OZA project, we still have $22.2 mill in cash and equivalents .
-Not sure if we have already received the $10 mill that is due to be paid before Oct 6th, but I doubt that amount is included in these figs as they only go up tp Sept 18th, ---but even if it is, we have a very strong financial position, we no debts, plenty of cash in the bank, and plenty of cash due to come our way.
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-All in all --a very satisfactory set of results