Member Info for BigBear2

One of 2 scenarios
1 d4e wipeout and then consolidation
2 Bondholders let it burn then take control via another entity just like they did at XEL

Sorry to say it but I am out. I feel that the bod will wipe equity GKP style to secure funding. Going on past form when they hint a worst case scenario that’s what will happen.Gutted and done with AIM. GL to those that remain.

Last caveat was unnecessary. All they had to say was talks have commenced with bond holders

The placing is clearly jay at to tide them over till first draw down of debt. Clearly the piggy bank is totally empty

At 51.65. This is getting plain silly now

It’s also important to note they are generating this revenue from a single well. Someone with deeper pockets could treble production in a heartbeat and 45k bopd is not to be sniffed at.

Bod have said before Xmas so due any time.

I would think it’s more to do with getting all ducks in a row. Ideally we need a farm in or some sort of cash injection to fund forward plan, these things take time

Undervalued

Just paid 50 mill for an asset currently producing just over 1000 bopd in the US. This is so under sly it’s silly. Come on bod let’s have a positive forward plan ASAP.

6 mill buy after hrs....

The BOD have now cleared all the bad news’s and have a fair wind behind them with Brent looking solid at 50. I am expecting a definitive RNS on finance and forward plan with possibly another farm in. And of course volumetrics on the sandstone

It’s clear IMHO someone is acting as a third party to get the share of the deep water appraisal and production LG’s other licenses for chump change.

Yup we don’t pay up we can lose our share of the beast deep water appraisal that was done with afren

Usual bond holder stubbornness. Dissapointing.

I would usually expect results sane day

Let’s hope they have the bond holders playing ball

You would assume with only 25 percent approval needed this should be just a rubber stamp job

Meeting should be finishing about now?
RNS due any time

Again...