Member Info for BigBear2

I think just the fact that seismic would be progressing and it would be an entry into the next hotspot would be seen as positive.
The main thing is get it cheap hell we could take out GBP for a couple of mill.

I am glad this caught everyone’s attention...
Be great if they farmed into Recons on shore drill which looks like it’s going to be a hit.
More likely though they could pick a cheap entry at either GBP.or TRP acerage in exchange for seismic.
Something brewing for sure...

The bod fekked up by doing piecemeal funding they should have got the complete amount including p1 overspend.
How do we know there will not be an additional raise at .25 or 2.5 in the new money to cover these costs. Only when that’s done will there be a clean bill of health.

Closing in on 70

After the placing

Now over $66. NAV increasing nicely...

Not many left over the pond @ 0.1, should move back up again soon.Bid Count Bid Size Bid Price Ask Price Ask Size Ask Count331 97,346,000 0.005 0.01 5,906,000 13

ASAP would be great Art surely it’s largely done!
We can then count down to relist.....

Best call I ever made was dumping HUR on the initial CPR downgrade. Criminal what’s going on there...
Thankfully we have a CEO that actually wants to build value here.

And this?

Equally, in the event of success with the Saffron #2 well in Trinidad, and/or success with the WNZ well and EWT in Suriname, the Company will need additional funding to pursue development of those projects and for general working capital purposes, presently estimated to be $15 - $20 million in additional funding required through the balance of 2021.

What about the $20 mill pending p1 costs?

JA ha§s been pretty clear I think he expects to conclude finance over the summer with drill likely in autumn?

HFB I am being conservative with my estimations in case mms as usual play silly b9ggers.
Considering the way 88e was allowed to rise on thin air we should easily eclipse their current mkt cap which with no proven oil is still multiples of ours....absolute joke.

These clowns will draw a salary for 3 years till the field reaches economic limits then the BOndholdets get the lot for close to nowt. Look at what happened at Xcite to see how this will play out.

Star child my beef here is not the raise or even the over spend(which was worth the risk for the potential 1 bill barrels). It’s the fact that the ‘bills’ are still not fully accounted for and it’s likely we will see an additional dilution once the costs have been agreed. Until this happens we could easily see another discounted placing. I would far rather they did it in one hit so any costs were fully accounted for.

Seriously this does not need de ramping the Bod not keyboard warriors have put the boot in here mates still being let out

This really does feel like Xcite mk 11. Its an absolute disgrace and the dodgy statement on Halifax suddenly not having viable oil seems very suspect to me.
The summary of the RNS IMHO is:
We will knock a derisory amount of what is a moderate bond for 95% of the company, but we won’t provide any additional funding to maintain the project, but we will allow you to limp along for 3 years so you can pay off the remainder of the bond from production.
At least when GKP did something similar the new company was investable.
An absolute disgrace IMHO.

HFB fully agree with your calcs this should open min 1.5p. The fact we are main mkt not Aim should also assist but you never know with MMS. IF we get Nigeria news and US Production update this should quickly move over 2p

HFB yup the audit was the biggie now that’s sorted the prospectus should be 99% done with minor adjustments for any financials. I reckon early next week BWTFDIK apart from it’s a great time to be FULLY LOADED in COPL.
Have a great long weekend all.

HFB I think Art is actually chomping at the bit to give results so cannot see it being any later than end of ~June maybe earlier.
Really was great to see this milestone delivered on time. Prospectus should be largely done so I would expect this next week.
Great times ahead here....