Member Info for Ash78

How long until we are able to monitise whilst the coins are falling through the sieve is the big question

Whirlaw, unfortunately its only one of the hits that can be monitised quickly. Others need lots of spend to prove up.

The BODs next excuse for significant under-delivery will be that it's not the right environment for transactions either way due to fluctuations in the price of oil.

I wonder if the BOD have knocked off for Christmas now or are they still in the office playing party games like blindfolded pin-the-rig-on-the-geology-map

Icemax, i agree this is what I've said a few times. Money in the bank means little as without any income it is a rapidly diminshing pot. Dilution for near future funds from a sp in the region we currently are is what I'd be thinking if i was potentially looking to invest in lbe. Unfortunately my money has already been spunked away in this dog of a share

I don't know about everyone else but I'm wet through over this RNS content.

It stops all the count down waiting for a RNS this quarter but more importantly for me gives us the heads up that it works without needing to formally state so.

Wet through. 10 p increase in SP today for me.

Drenched.

I wonder if AS means results of 1a this 'financial'
year. I can't quickly lay my hands on where the anticipated timescales were stated and I'm just off out for some xmas juice with colleagues.
Ash

It's sad to say but i absolutely agree with your comments WWPleb.

Cash burn r us

Unfortunately though we've not seen exploration drilling success do much to the share price. Therefore what could generate upside...

Production and cashflow (in rather than out).

Multibag to the original ipo price would be nice then I'd be on my bike having wasted 3-4 years peeing about here

Good point Harry.

I'm really peeved off with the company

Or maybe Rowingmachine Energy because they don't move anywhere despite how hard the captain works.

Rowingboat Energy

Not just 52 week low, all time low.

Brainmydamage unfortunately ive been saying something similar to 'With so much potential good news to come over the next 18 months should be a good investment' for the last 3 years :(

Cash pile diminishing month on month with no end in sight. I wouldn't be focussing too much on cash position.

In the main, the drill successes require cash to prove up so there's more of the pile gone.

Not a penny coming in the front door. Bleak. It's time the BOD earned their crust and show some impetus

Wouldn't hold your breat Pf Builder. The board indicated a strategy with production over 3 miserable years ago and that has not been forthcoming

Ells 'hence (ocelot) the share is materially undervalued' - yes because it been such a s h i t e badly performing company for years now, any little pulse showing life is so exaggerated

Agree Mozza. For a number of years now the market has not reacted as positively to exploration success and oil or gas in the ground, especially when further work needs to be undertaken to understand extent. But then of course our knowledgeable and esteemed leader would also know that wouldn't he.

We're in murkey water with seemingly no decent rudder

Or perhaps they were Helge's and he's giving it up as a very bad job.

On that note I've also contacted the company with a constructive message seeking a bit of a more detailed update on overall company strategy seeing as the current one has failed in its execution to date.

If you're referring to me richar, believe me i'm no deramper. I just think everyone gets carried away on lead up to news and I've seen it many times before where share price rises on news but far less than the crowds expectations.

I'm loaded up since Readybuy days so I'd love us to reach some of the figures branded about. Fingers crossed