Member Info for BigBear2

All he needs to do is get this sold for a good price. He has spent fek all in shares so will be able to exercise his options stress free in t/o scenario

Whenever we get a bit of momentum - Col gives a RNS that he must know canes the SP.... Could he be trying to keep the sp v low - so that VWAP is lower and hence a t/o offer sounds more attractive

That GJ has hade such a complete utter total c*ck up of this.. Sentiment here and SGJ was flying, all he had to do was release net pay, internal volumetrics and he could have gotten a placing away @ 20c+, plus not also trashed semtiment at EME as well. A typical example of a geo who has no clue how the market works...Poor excuse for a CEO.

I reckon will be next week on flow rates, lets hope the plumb that is GJ has managed to squeeze out a commercial rate from co=mingled non field levels.

Agree Laurel and Hardy have done their job here so no need to have them on the management team on whoever takes this out. Let's hop they are not digging there heels in to get anything other than instantly cashing in their options. Its not hard is it, we're skint the asset is worth circa 200 mill, we are valued around 20 mill give us 80 mill job done.

Some blab on twitter that asc are close to signing confidentiality agreement with multiple parties... Could be BS....or maybe some truth to it WTFDIK.

Fair point made there I guess the question is how low will he allow the cash reserve to drop before a possible placing, all depends how long the Nigerians take to issue the bit of paper required

JV yes, T/O no... So long as we get around 3p a share I don't give a monkeys if it del trotter buying us out.

Looking good here for those with a medium term timeframe, as soon as I can close out some of my dogs I will take a long term position here.

For this IMHO was in no way beneficial to existing holders as it allows conversion at discount to VWAP in trenches - like death by 1000 cuts. Just ask folks at VAST or AMC how these agreements work to create shareholder value... IMHO a placing would have better, one big kick in the nuts, churn it out, then when balcombe is drilled it would rise freely, now all there will be is a massive headwind.

We ain�t goin� nowhere until we know if the targets below currently producing levels are commercial at Dempsey. Once the BOD have that monkey off their back you can be sure China news will follow in short order. Market still thinks GJ has been telling porkies about our �world class� discovery..

There will be no FOGL style capitulation here, the BOD are convinced they have the sweet spot in the Basin. IMHO this really boils down to how much BOR will give to a farm in partner. As they are skint IMHO a farmee would expect 70% of Darwin. That's not as bad as it sounds�� a) It's a huge discovery b) They have other low risk targets of similar (and greater) size to Darwin on their licence But these lot are stubborn so they are just as likely to hunker down for the next 3 years�.

The SGC placement is essentially a bet GJ can redeem himself and squeeze out commercial flow rates from the commingled zones. Let's hope this clown pulls a rabbit out the hat.

Sure to go in with 2 footed tackle after that duster

Gj does a mates placing them pumps the sp so they can flip out. Feck all going on until frac

Harts I agree and for that reason I am simply leaving both my sgc and eme holdings for the next 4 months or until frac news Whatever way u cut it gj has shown he is an utter tool

If this zone is also sub commercial it’s bottom draw for this and all jv partners. Choice will be either dump at huge loss or wait for the frac that likely will unleash the huge amounts of gas that are available but currently farting out less than me after a vindaloo....

Well costs have come down a lot since last drill which was at near peak oil. All points of view welcome here. I am not saying it will happen but also look at hurricane they could not not get a farm in raised a huge sum at 10p and appraised themselves. I am certain the bod do not want an equity raise at these levels but is it any better to just sit there for another 4 years till the pot runs out ? My point is bor are in a weak position to farm in, they could not agree a farm in around the time of the last fogl/rkh campaign so it’s clear they will not be held to ransom on s farm in. At least if they did dilute they would still own 100% of a world class asset. Something has to give here. Any other thoughts welcome

The bod have been nothing but transparent here. Some time THIS YEAR they expect a RTO No get rich quick but sink a few quid in and could be massive.

likewise.