Member Info for ADT1

NT to buy at 20p

Malcy has 50p 'soon'

Big drills coming up

These guys will take arrow to 10,000 bopd

NT big buy order in the background

Great move as the co is WAY undervalued

CEO said in the proactive by the end of the month.

NT to buy

Had a little top up this week

Well and truly consolidated at this level

The corporate cash burn is the problem until turnaround is complete, needs enough cash to be able to prove to auditors they get the going concern stamp on the annual accounts.

Might need a cash injection before year end.

Any idea when TED will provide a festive trading update

Interims was a negative cash outflow of £38m in order to stock up, we need to know if this was positive and if the net cash balance has increased from £12.7m in August.

https://www.bbc.com/news/world-europe-59308602

Fresh flare-up of violence between Armenia and Azerbaijan a year after end of war

https://www.euronews.com/2021/11/16/fresh-flare-up-of-violence-between-armenia-and-azerbaijan-a-year-after-end-of-war

For the grace of god i was on the verge of buying a load to get the average down yesterday but got distracted by work

There is no sugarcoating this, we are in a dire situation, over 200 staff, and not enough cash on hand to pass the end of financial year audit to as a going concern. The auditor must see that you have the cash to cover running costs for the next 12 months (2022).

Who is going to give us the cash? The concert party have taken previous fund raise, but not much chance of them now. This puts us in a very risky situation and the JK has to be a big success for production income and also to raise capital. No capital means no wells next year and not being able to cover overheads.

The problem is, this is going from bad to worse and Haywood seems to have very little grip on anything

We have to cross absolutely everything that JK is a success

We are fu@£ed

We desperately need this well to flow

The disappointment yesterday was partly no flow rates yet from wr/1 after a long wait, but mainly from the reduced production in the portfolio, decline in W38, lower gas and lower oil revenue and cash down to $2.7m, it was just a very bleak Q3 report when we were expecting much better

The JK well is going to be very important also

Villas

but who will give them the cash?

They have relied to date on the house broker and the concert party

Cant see the concert party taking part in any more placings

Probably explains the SP action over the past couple of weeks

16az mk2

lomax, it might be an idea to take some financial tuition.

These reports take a lot of time and effort to complete and needs to go through all the channels to sign off and publish

Now this is out of the way they can now focus on operational RNS flow

Q3 comes to an end today and should get this production rate soon also

WR B1 Result

And spud of next well

And going by interim some other possibles also

The gross margine increase with production volume with the partly fixed element remain the same, as you increase production volume the variable is low at this stage the goss increases at a wider rate. Hence the production from WR-B1 could make a huge difference to the margin.

"Group has produced more oil and gas, enabling it to generate more revenue to cover the partly fixed costs of sales"