Member Info for affrm

Thing is zag I have to. The board reads here and it's our way of telling them what we want. It's going od for them and us to be transparent with eachother.

We can't brush It under the carpet mate. Let's just hope dilution is kept t to a min and we can all enjoy some big shareholder profits if they strike good oil and wouldn't it be nice to have all those profits and enjoy the SP and company doing well.

Yes Stuart that would be good. No more lateness and silly goings on I hope.

Just want to get drilling for oil now. All it takes is one brilliant well to change a company. Or I guess a few smaller wells but all accumulates and all the oil adds up.

Just want dilution kept to a minimum ideally so we can actually get the Share Price driving higher and do raises as we move upwards like a lot of companies do.

We still have some headroom I believe so shouldn't need to raise unnecessary amounts.

Nearly two years in suspension. It's been tough! No fault of our own either. Let's hope they give us some good shareholder value after all this.

Hopefully it works out for us. July is almost here and is July going to be the month of drilling for oil? Will the prospectus be be released soon?

Will they release anymore Info on the assets? Would some work overs have been done yet?

Lots of questions about this still.

Https://find-and-update.company-information.service.gov.uk/company/10166359/filing-history

Grand Chief's filing.

No chance. It should be much higher than that Kage.

If this flows and flows well it will be 20p plus.

Mattk6, once again you fail to be positive or have any positive things to say. I get you. What you say is probably correct but it sounds like you've just given up. How do you know or I know or anybody know that we won't have excellent flow rates from our wells? We don't. Hence I say I hope we get that.

I'd be happy with my money back as well but after all this time, I can't help but feel robbed. We should / could land on our feet eventually but again, it's now in the bods hands.

I'm not pointing out that I believe 90% dilution is going to be a thing but I am worried about it. I just want the board to do this the right way. It would be absolutely unfair to wipe out existing shareholders. We should be able to enjoy the future with this company just like anyone else.

Dilution is my biggest gripe here. The reason being is we bought into a company with 100m shares and we actually were looking very good. Then suspension hit and it's knocked the wind out of our sails. Now we need a major lift and hopefully the oil wells flowing will be that lift but I just don't want it thrwarted again by total wipeout dilution! Let's hope they don't.

I'm also worried about the dilution. I hope that they won't need to dilute by much ! That would thrwart any positives in coming back. This needs to be allowed to progress without mass dilution. Mass dilution wouldn't be necessary and any dilution shouldn't need to happen until the SP is allowed to rise. Raises can take place at 15,20,25p etc on the way up.....

Scccss I just hope this comes good for us.

Stuart I hope you are right. I'm sure Sccss means well and wants this to succeed. I think now the baton is over with the bod to ensure we get excellent shareholder value and big profits coming out way.

Bring on 400 bopd, bring on 1000, 2000 bopd or how ever much they can get hold of!

I think we all want and need dilution to be the minimum as possible. They can do raises when the SP goes up higher. As many companies they need to do raises but I think a lot so raises when their SP rises. They could be raising at 15,20,25p or more. Lets get the oil flowing and the share price up !

Solstace just saw your link. Ive also done some research and yep mate new recovery techniques are really gaining momentum

You don't need brand new wells anymore. Old wells x a few can get to a few thousand bopd. Cheaper and easier. Im happy with lots of old wells

They all add up.

If we can get a few hundred to a few thousand bopd we are absolutely laughing. We need dilution to be kept down as much as possible and maybe look at investors investing into ppp to raise funds or II's instead of raises.

Investors will be all over this once we prove up resources.

Solstace just saw your link. Ive also done some research and yep mate new recovery techniques are really gaining momentum

You don't need brand new wells anymore. Old wells x a few can get to a few thousand bopd. Cheaper and easier. Im happy with lots of old wells

They all add up.

If we can get a few hundred to a few thousand bopd we are absolutely laughing. We need dilution to be kept down as much as possible and maybe look at investors investing into ppp to raise funds or II's instead of raises.

Investors will be all over this once we prove up resources.

Concentrating back on ppp it's awfully quiet now. That isn't necessarily a bad thing but it just shows everyone has now just gone "ok let's see what the board are going to do, let's see if they are going to bring good shareholder value and profits. Maybe just maybe 200-400 bopd is just the start! Maybe things can work out for us"

I guess now it's over to the bod and for them to prove this whole thing up! GL all.

Hopefully the next few red dots are good ones for SH's

Then return to trading on a high and doubled share price would be nice or more!

honestly bobrad and gregorio are playing us. they are proper scumbags. so is tuan. ******s.

All systems go*

Seems so quiet on here at the moment doesn't it.

Hopefully everything is all systems to behind the scenes. I don't know when we will next see an RNS but it may not be too far away. Hopefully we are in production within July 2026 and by then we should have had the prospectus and hopefully all going well dilution is not too bad and we are producing hundreds of bopd (and gas)

You never know where this will lead but hopefully good things are coming for all of us. I will not get over excited just yet but I'm hoping we can surprise many people and have 400-1000bopd by Q3 of this year.

greg is **** scared of this coming back now. he's looking for airtime.

In Donald Trump's words 'Let the oil flow'.....

Morning guys, I hope you are enjoying your weekends!

I've had a read of the BBC and as per usual there is a lot of nonsense being spoken of but I do pay attention to some of the Oil production chats.

Again, I'm not getting over excited yet until I see the RNS that we have started oil well workovers and new drills, plus seen the prospectus (hopefully they won't dilute too heavily!)

The one thing that peaks my interest is they've known about these other assets for a while, I think Osage county and Alberta are very good prospects in the long run. I think they are going for two proven wells and using new technology they should be able to stimulate more oil production imo.

I don't know but if they are quoting 400 bopd, I think they will be looking at more like 600/700 bopd. I think they would understand estimate at this stage. Either way even 250 bopd would be excellent. I think with PPP it's not necessary to have to just one well flowing loads, they can hit multiple wells and if each one can product 50-100 bopd along side our two bigger producing wells, it soon will wrack up bopd - $ in the bank!

I hope for all of us that Osage county is the diamond in the rough and remember Texas is not off limits, nobody can stop us drilling there if we so wish wanted to purchase a licence etc. it may not be the original wells but that's fine and I'm sure Mavriky would still look at other Texas assets as well as other American assets.

A bit on Alberta below -

Alberta has many mature wells. Typical production rates vary greatly:

Well Type

Typical Production

Older conventional well

5–20 BOPD

Average active conventional well

~15–20 BOPD

Good new conventional horizontal well

100–500+ BOPD initially

Top Montney/Cardium wells

500–1,500+ BOPD initially

SAGD oil sands well pair

Hundreds to thousands of BOPD

The Alberta Energy Regulator notes that productivity has improved significantly, with operators focusing on fewer but much more productive wells.

Alberta Energy Regulator.

For context, Alberta produces over 4 million barrels per day province-wide, but most of that comes from large oil sands operations rather than conventional wells.

In places like Osage County, it's worth noting that a 20–30 BOPD conventional well is often considered respectable, while a 100+ BOPD conventional well is generally viewed as very strong.

So imo opinion PPP could acquire old wells (multiples) and still be successful with modern techniques and still hundreds and even a thousand bopd wouldn't be a mile off if they can invest money at it and get moving.

Once the production money rolls in, it would not take long to make any invested money back imo.

So basically end of July to be in production and maybe other ongoing work overs along side the two main wells?

So hopefully sometime in July is our time.

Zag I was thinking that but I don't think they have anything else to rns it ATM. I think it's waiting on the RTO now then drilling production etc.

I don't know but I'm guessing 4 week from now? Maybe a bit more?