Member Info for BigBear2

Pis being relieved of their shares for chump change

Nigeria comes in as well and this goes mental

Spread was 29/30 at the time so defo a buy IMHO….

This is a binary play you’ll see multiple of this price or 1p…
The deck is hopefully stacked in holders favour with an 85 percent COS….
I think most were hoping for an increase once drill started so they could de risk…
This used to be the norm but nowdays price seems to be stable or drop post spud.
Hopefully they. Will very quickly dish out the news on net pay and then commerciality which is I think the key risk..

No more placings until at least we have flow tested the Horizontal…..unless placed with a lock in.
This is just plain silly…..
We are 15 percent below our pre takeover price…when Wti was far less than its current $82
We have a 1.6 billion barrel discovery
Production
Infra alone worth the mkt cap.

Sort it out mms this is getting tiresome…

1. CPR commissioned and expected by….
2. TR1 by Major
3. Farm out process underway with several interested parties

Good to see you on here EyeGuy…

Here today on the board
Who would you believe…
A seasoned oil professional who has developed billion dollar oil fields in the North Sea who was meticulously poured over the data before announcing to market
Or some numpties on a b board ….

The sp should be double at least but seems MMs intent on collecting stock to fill orders for ii chums.

Yup look at what Lord Lucan did to prop up Angus SP….
We are carrying on as planned but are open to offers as the mkt will not value us correctly’
If art did this you can bet your bottom dollar this would go absolutely ballistic.

Asked this a few time but why would anyone buy?
They can simply key these lot run out of cash and get the licence for nowt?
Whatever is going on we will find out soon

Now accumulating in smaller bite size 50k chunks?

Optimal length sorry not rate of course we want the max flow rate

Unless we are given CUDA for chump change (unlikely now) surely the best idea is to keep cash in bank and do the horizontals at 1-3k bopd per well this will quickly increase our production and perhaps more importantly demonstrate to majors our mega discovery flows at the predicted rate. in Arts last interview he was alluding to the fact he would be keeping the length of each well to the minimum optimal rate to optimise the cost of each well.

Tilburn my understanding is that CNOOC will have to relinquish their holding (AM has stated this several times)
The original plan was to get CUDA WI the CNOOC for 100 percent WI, but I believe the humongous discovery has changed all this and it’s clear we will need a partner with deep pockets to exploit this fully.

Nm

Should read EXCLUDING DISCOVERY

Ø NPV (10%) @ 2020 WTI base of $39/bbl.: Proved (P1): $101.5m and P2: $185
So excluding discovery basis NAV IS NOW OVER $370 mill…
Including discovery>…….the mind boggles

So non binding agreements start of fen…closing in April.
Until that time we should continue to receive ciuda wi of 27 percent of production to trim their debt owed.

Keep an eye here and noticed no consolidation now.
Bizarre sp so low with oil booming…imho a fear more aggressive drill campaign needed