Member Info for BigBear2

Actually I would say this is simply clns that we’re convert

Hopefully they will get the frac permit asap, this had been dragging on far too long..

Hmmm cln @ 9.2p, fair few of these to be churned until this gets to near fair value...

Mcfrith agree with you there, although i think they need to get the OO out the way asap first

Sorry could someone clarify exactly how much debt the company now has found it hard to get an exact figure fromthe RNS

"Any acquisition could now be substantially larger than the original size of deal contemplated when Stapleton floated." Substantially larger = additional cash raise?

Judging by the RNS it sounds to me there will be another cash call here as the 1.5 mill will not be enough for the size of the planned acquisition> Any comments??

Seen many of these 'close to the source' rns, when will they move on from shuffling around in tills to legitimate diamond exploration drilling??

No surprise there as GJ trundles along at snails pace decimating shareholder value both at sgc and here. I would guesstimate we are still a few weeks away from frac permit so many have sold out denting the recent min recovery No point looking at the sp until frac permit is in

GJ should read the RNS @ prospex oil if he needs a tip on why we are on our ass....no mumbo jumbo and NET PAY.... Podere Maiar was drilled in Q4 2017 into the Selva Gas-Field (previously operated by ENI), which historically produced 83Bcf of gas between 1960 and 1984. As announced on 20 December 2017, two gas-bearing reservoirs, C1 and C2, were encountered by the Well in the Medium-Upper Pliocene sands of the Porto Garibaldi formation. Peak flow rates achieved at both levels during testing are as follows: � C2 (net pay of 25.5 m): 148,136 scm/day (5.2mmscf/d) on a 3/8 inch choke and a pressure differential of 11 bar with no water production - pressure recovery to formation pressure occurred in two minutes � C1 (net pay of 15.5 m): 129,658 scm/day (4.6 mmscf/d) on a 3/8 inch choke with good pressure recovery of approximately 12 minutes

How the feck can 0.6 be good when they have just shelled out shares @. 0.1 and 0.3?

Cheers for that link Had a listen. GJ says the frac will not be expensive and the permitting will allow multiplie different approaches to the frac. Sounds to me like they need to flow for a few weeks before they actually submit frac request so that their plan is optimal Best hope for news on China as all the market cares about is that some commercial gas flows from Dempsey and proof of that is still weeks away.....jeez

Conversion @ 0.01 and 0.03...sp @ 0.06 and another massive dilution coming. Clearly the last raise was just to get through the drill,

Desperately hoping gj is going to pull a rabbit out of the hat and this will be commercial I am in big here and at sgc so won’t sell until this plays out Ironically magnum are going to flow test a bigger target in the same area and are confident it will be commercial so if they come in before us and they might well do as they are not anticipating a frac GJ will have to pay market rate on new acerage anyway, so it’s in his interest to conclude whatever deal he is working on ASAP

GJ is quite simply going out of his way to not give any positive news to the mkt until he gets to bid on whatever he is interested in.So far there are no commercial discoveries in the deeper zones... Soon as he gets a successful bid you can be certain he will go once again from being the king of the rampers via ANN(RNS) instead of bearer of sh(t news. 6-8 more weeks of this tripe I would think... Painful to say the least.... So quite simply... You believe he knows what he is talking about and will pull of some 88e esque lease agreements on new land...being privvy to detailed logging/reservoir info that we are not.... Or you assume the guy is a complete tool who ramped every sniff of gas on the way down and has left holders carrying the baby...whilst he establishes best practice for the next drill.. establishes best practice for the next drill..

Agree there many were hoping(including myself) that production had started some time back and the frac permit was imminent, thats the real catalyst. Once we have a timeframe for the frac folks will start to buy back in as commercial flows will send this back to the 20's. As it is we are just farting out a few scuffs of gas to gain understanding

TBH I would rather he bypassed this zone and kept testing till we got to a zone that flowed naturally

Mr market does not care that we are producing about the same level of gas as I do after a curry. GJ does and it may well assist down the line as they gain understanding of the reservoir. I have written off my holding @ sgc and eme until end of march as GJ is learning about this as he goes along at a snails pace. There was a school of thought on Hotcopper that Dempsey is being used as a test well to optimise future drills. Until the market sees this as commercial we will remain at these dismal levels....

Production just started many were hoping frac permit was about to drop and hence sold

Zone not stone!