Member Info for anyoneforcricket

Is there a consensus view on the rates in the RNS. Good, average of disappointing. Muted market reaction suggests not good. Thoughts welcome.

It seems like the RNS flow rates are underwhelming, hence the limited sp movement. Is this right/ what’s the view.

Has to be said, this share has been an utter disaster, poor management and execs who just want to bleed it for what they can, will be a miracle ( or just blind luck) if this lot actually turn up anything commercially viable. No doubt more cash raising to come to keep justifying salaries, consultancy fees and keeping drilling holes with ‘visible gold’ (aka fools gold) for those following ecr long enough to know what I mean!,,, Has been by a long distance my most hopeless AIM investment.

no gas to sell yet! Still awaiting first gas information, unless others know better…..

My opinion, they have to run that risk, it’s the only clout they have got, what’s the alternative? Restart pumping oil and never get paid!! This is the only ‘muscle’ they have, can now blame the Turks and iraqi’s for having to do it. This also highlights, looking a yr or two ahead, business needs to reduce divi in short term and find an find/ invest into an alternative area of geographical and political profile for operations and not be 100% Kurdistan. For example 88e or pantheon in Alaska?

this is quite possible imop, very uncertain timing about a resolution, could be weeks or months as it seems to need turkey, Kurds and Iraq to agree something, and that is a utter nightmare. Company might be best to fully mothball operations and not restart them until agreement is reached and outstanding payments for outstanding months oil supply made. Management are crazy if when a deal is eventually done they start pumping without getting the arrears for sept to dec paid. Power play situation and yes I am an existing shareholder and want a sustainable long term solution to stop this happening on and off every yr or two and destroying the credibility and therefore long term value/share price of this business, get confidence for institutional shareholders to come back! It’s now turned into a speculative retail traders play like an exploration co……nightmare.

Once cash is flowing they need to make a lot more market noise about their success, won’t get to those levels on 20 trades a day

Oops, decimal point in wrong place 0.85p

So say 0.085p if 100% of that dcf valuation is reflected in the share price, before any hope value for what may then follow, and assuming no operational or market @#&* ups in the next 6 mths ! Sounds reasonable to me…..

Deliver in the next 6 mths, get the cash flow coming into the bank and then this should have a massive re rating

Feels like a decisive RNS 1 way or the other sometime the week after the Easter weekend.

Could be 0.5p If the flow rates are useless or technical problems encountered, but hopefully not for all concerned

All dependant upon the gas flowing with no **** ups ….the flow rate being critical. Even if all is good, I would not expect dramatic multi bagging as the gas price is below pre Ukraine, more a steady uplift over summer into autumn as the gas/cash gets delivered and maybe spot prices pick up.

At least jay and bob have fronted up with the interview

All good derisking news this morning, but don’t expect a huge rerating until the flow rates are known and depending on what they look like? If the tone in this RNS is confirmed, movement in April !! My average is 2.20 but not buying more as been stung in these situations before…. Good luck to all long term holders and hoping we get back into the black in April/May….

having bought into this at 2.90 in Sept 22, i feel utterly short changed over what was proposed today. Will hold and await the outcome, probably should have done my research better, having 1 large shareholder always leaves open to this sort of opportunism. what is happening here does not quire pass the 'sniff test'....!

Previously seen shares 'suspended' in situations like this...until the financial position is clearer, any views on that risk?

With the amount of money sloshing round the 'stable' oil and gas industry co's at the moment, £16m is utter peanuts if anyone with experience moves in and is prepared to get to grips with the operational issues

well with tougher regulation someone should be knocking on their door very soon, should never be allowed to take senior positions again !

with a comment like ......................

''there is material uncertainty that casts significant doubt the Company's ability to continue as a going concern''

this may turn into no recovery, most on here still seem to have the rose tined googles on, which is understandable as its difficult to comprehend how an investment like this can go so wrong. Thats the wild west of AIM....and yes there should some reckoning for those at the company who have mis-managed and knew a lot more before ambushing shareholders like this.

Best wishes to all.