Member Info for BigBear2

Jeez as I said BOD here absolute waste of time read the vigour of the ECO RNS 5bn barrels of oil and 30 percent or more cos.....and where is our RNS? Nothing.

Bod may not have a say in the matter if mr 11 percent and a few IIs like the price.

That’s what I have been saying.. short the stock per mr 11 percent take cheap shares for a block vote

Agree 100 percent

Whatever you think this is a huge amount of stock for one individual. IMHO buying enough to ensure the loser bod accept a forthcoming offer from Total or someone of similar size.

Sorry what article?

Just drove past. BOD slumped out after liquid lunch...

i'm in TLW same sh(t going on there...Incessant shorting. Super Irritating

Only update that matters is ‘water issue fixed’

I am not trying to do anything...
All I am saying is to rule out some more equity is foolish.
Yes he would like no more but beggars can’t be choosers..

To be clear....
Asher is trying to fund the well via ideally a farm out and/or some sort of finance. He has gone on record as saying as they have not done the drill bank finance will be tough to get. So most likely route is farm out.
Check the YouTube vids on this he clearly says he is trying to MINIMISE any equity component.

It’s in the RNS!
Next drill after wet season

Nope he hs ruled out equity to fund the well. He has not ruled out a small equity component...

Mike
I agree if TRP get a farm out FIRST they may get a equity raise around 1p.
But if they need some cash(skin in the game) they will need a raise before the drill starts(and maybe as a condition of farm in)
As I said I will wait and see, but my gut says another raise around same level as before...

The equity raise only covers the site survey. Tower have zero to contribute to the drill. If they want a full carry I cannot see them having more than 25 percent and even then as per 88e recent raise even though they are carried by prem they need cash for any over runs.

I want to see if there is more equity required first to fund this well I am expecting some sort of equity either to complement farm in and/or some sort of deal with a bank

The only time Art does interviews is to ramp the sp before a placing. This really is on a knife edge and cash must be close to zero right now

I don’t think there is any doubt the meet takes place the question is will there be another delay in release of funds after it

Let’s hope our numb nut bod actually manage to give some news that is fundamentally positive. What on earth is going on with the gas issue, in local press they were saying a solution was proposed in Dec?
Likewise in Uganda a proposal has been on the table for months, what are these lot actually doing to give any shareholder value apart from sit on their ass in CHISWICK

What you are seeing is traders exit as they expected news in jan. 2 and a half weeks is a lifetime on AIM so many will look to make cash elsewhere.