Member Info for BigBear2

I agree.
Has anyone raised this to John, I don’t think 99 Percent of PIs are aware of this

Once we get spud and folks realise it’s a high cos short drill we should see price and volume move quickly
Low free float as well

Nice to here that they are planning to complete site preparation mid feb.
Still staggered damp ground hinders so much in the UK it’s always raining but I can’t recollect a well being delayed due to damp ground...
Let’s hope soon we are talking about a nice uptick on well results...

Glad it’s gone but it would surely seem reasonable to do an OO on same terms as placing later

Super frustrating wait but buying in at these levels offers relatively low risk near term upside.
Patience of a saint required but upside could be substantial

Trickling in @0.2645
Still below the recent placement with spud due any day on low risk appraisal
Sentiment can turn very quickly and I am sure the lack of free float won’t have escaped traders notice

RNS out of courtesy from BOD I think.
All that matters right now is Stanley 2 chances of a decent result v high here and a short drill...

Being shown as sells

Bau mm bollox

Sorry been away for a short while so missed the 'excitement'
Personally so long as there is no near term funding requirement I views this as excellent news...
Baja have done the leg work within the seismic and let's assume as a ballpark figure it's possible to get 60-70 bopd from this new well that would make a very material impact to production.
Let's just hope the farce of the bad weather is over soon and we are talking about Stanley 2 producing the black stuff...
As an asinine...from Baja website...

Oil & Gas Discovery with Stanley-1

The Stanley Prospect was drilled in July 2018, As predicted pre-drill, mutiple potentially productive hydrocarbon zones were identified within the well-bore.

Fast-track production tie-in operations were completed in August 2018. The well is currently producing a mix of gas and oil at the maximum daily rate that can be processed through the fast track facility. Facility upgrades are being undertaken.

The Stanley-2 well primary objectives will be several hydrocarbon bearing reservoirs encountered in the Stanley-1 well.

How many other producers on the AIM do you see with a mkt cap of just 1.5 mill.
Yes we do need to get Stanley 2 going ASAP and I am also somewhat surprised that bad weather delays us so much...but once spuddded this low risk appraisal well should give us a nice up tick....

Arkoma 5996 BO for last 6 months to Dec 2018?
Not quite sure why you would think no production.

Fully agree
The 400k monthly run rate is a joke....
We are seeing the same pattern.....ramp, say production just around the corner, place, pay grossly inflated salaries(for a company
at this stage). At some point as many have said this will multi bag, but why take (another) hiding on a discounted placement.
If he gets it away @ 0.2 I will be impressed. We are also getting inot possible consolidtaion territory....

Sure

Just saying we know how Art does things, he comes out of his PR coma pre placing to drum up some interest, a few traders make a profit,the BB goes nuts as we see another heavily discounted placing.

Just seems smart to be aware of this if investing or averaging down....

Yup its prior to April…so by end of March – next 8 weeks

Based on the Company’s current cash flow forecasts, the Company anticipates that its
existing working capital (excluding any proceeds of the Placing) will be depleted at the end
of September 2018, and that at such time, it will need to raise additional capital in order to
continue its operations. The Company anticipates that it will be required to raise an
additional $5.3 million (including the net proceeds of approximately USD 3,373,000 from
the Placing) of capital in order to have sufficient working capital for the period of 12
months from the date of this Prospectus. The Company anticipates the shortfall in working
capital will be covered by a further equity raise to be completed in or prior to April 2019,
as necessary.

Jiving happy to be corrected but I was sure it was March Art said new funds would be needed

Whatever your opinion is what is irrefutable is due to the 400k cashburn a month there is a near term funding gap(in the next 4-8 weeks).
IMHO they should just fund till year end(dec) so at least if you stump up you know dilution is off the cards for the next 11-12 months.

What does concern me the most is talk of a new aquisition in tandem with any Mozambique commitments,,,,,
We have not even got Nigeria out the starting blocks as yet

I mailed him a couple of days back, He is (eagerly) awaiting spud date just like the rest of us...

Everyone is just waiting for spud...
Best to get in early IMHO...

I agree.
It's well documented the board have made some ill judged decisions.......that's why the mkt cap is out of synch with true value. It serves no purpose to keep looking backwards...
The Baja alliance IMHO is the boards best value venture to date with the most upside.
That is what we should be focussing on and the uplift in value it can potentially give.
GL All...

Any volume spud news etc.. we will be quickly back in the 0.3s...
Tiny mkt cap...