Member Info for BigBear2

Eazy I would say that depends on how aggressive they are with the injection I reckon they will be fair,y conservative initially then if stable increase if we go over 10 a day can’t see why 2700 cannot be achieved

First and foremost the finance went through without that we would likely have gone sub 1p today

What sickens me is it’s v likely every bit of finance had been funded by shorts from Anavio. I would only hope now they will have to disclose their holding by tr1 this consistent pummelling the sp to get lower conversions and warrants will stop.

The removal of the hedge essentially allows us to be profitable at a lower production profile (2k bopd) so good near term but again increases our near term debt pile.

But at least now they can get on with increasing the m/f injection rate and we have been given a cleat indication of when to expect results on this.

All eyes on the JV

Cheers bh

Patience when this relists will be a huge re rate

Anavio have never declared a TR1 meaning they have dumped all their stock if they were so committed they would buy at a premium with a lock in for 12 months.

When they (hopefully) do the placing we will have visibility of their holdings

Bolton I think like you I am simply staggered at how unprofessionally the company has been run getting in bed with hedge managers as a primary means of funding seems an extremely bad idea as it’s their very nature to ‘hedge’ their bets. IMHO each round of finance we are seeing is being funded by shorts placed on the company.

I just hope this is the last of it and there is not something more sinister under foot to give the company away for chump change…

Bladder are they not getting a bond instead that is locked in for 12 months

This has the stench of hedge fund manipulation let’s just hope there is a huge short squeeze at some point.

Bh dump can’t wait to hopefully see the back of these lot post jv

Just sick of it tbh bladder put me off investing this has

Was watching program yesterday about hedge funds……particularly how when one gets in they get all their mates to also short to emphasise the drop…..

Getting involved with these lot was the equivalent of committing hari Kiri for equity.

Bod Silent as usual…

Our new BOD could not even hit their first deadline, great start lads 👍

Nothing has changed since AM has moved on so far let’s just hope this annoying delay (no doubt to line bh pockets with dirt cheap VWAP. Conversion) is the last kick in the nuts for equity.

I’ve been saying this for ages Wookie. the current production figures are largely irrelevant till everything is hooked up and we have the m/f bedded in at a consistent rate. Once again it takes 4 weeks or so after the m/f is stable and at peak levels to see the results…..

Tumble weed time till this happens….

I am not really paying any attention to production till all our big producers are hooked up and most importantly have the m/f levels cranked up the the max.

Few days delay in financing (can they ever do anything on time) and indifference production which admittedly was due to reconnecting issues and hey presto the next short cycle begins for the boiler room boys….

We need a proper ‘cleansing’ statement from the new CEO clearly mapping out the root to profitable production….

Need to be gone post JV or we will be stuck here

Yup I’m also assuming this is why it co incides with the injection program being done or at least agreed by end of Sept, they need the funds to pay for the gas to inject

Here s what we need…

1. Confirmation of increased m/f injection rate with ideally anticipated flow rates

2. Closure of JV with terms that benefit equity as well as BH

3. Cash settlement of bonds as part of JV terms

4. Confirmation of if any of the confidential wells were actually drilled (as if JV has been done the need for confidential status no longer exists)

Give us that and we can start at least a partial re rate as the VWAP payments will be gone

They seem in a hurry to get this over the line plus Paloma want their cash….I reckon done by Xmas

Just wish I had put more in here!

Thx for the response Tilburn but the question remains if AM did successfully drill two horizontals surely we would be well over 2000 bopd right now. Again hope you are correct!