Member Info for billy101203

RNS on 20/04 on Turkey was hinting at larger reservoir.
Let’s see how SS plays this.

Some good posts!

4 for a penny sounds safe bet. However I was doing some sums (math) and we could go low as 8 for a penny. Total lack of confidence and no direction going to drag so down. Last lot of warrants look expensive now. Even the super investors are locked in.
New PR line is future revenue BS instead of WTI price as that’s done nothing for us. I keep saying (increased) production is the key with 100% WI or the lions share of WI in a well.

The killer was the YE accounts we made a loss again even after the all the cost cutting of over heads and the doubling of the oil price.
With such a loss already starting to factor into the sp and dragging it down we only need the production to fall in PB wells ( which is always a given with the shower of $h1t some of these wells are) later on this summer then we are back to square one where it will cost us more to lift and maintain PB wells. Couple with the oil price drop whenever that is. Dare I say we will look and the same sentiment as the owners of the Gatwick Gusher! hence 8 for a penny.

You could be correct!

Good rational post.

At least your honest enough to admit it.

GL

Nice to see positive bb. May it just be to start of the climb back.

If I recall your in profit from when you sold !

Wait till it gets lower (4 for a penny sounds about right). But as someone suggested .3 is a start.

What can honestly happen in the next 4 months. You might get the usual Cypress announcement in October as they only seam to be funding next well once they have made a profit on previous well.

As for us well placing inbound

What did they hide?

See it’s dropped to $104…………maybe too late to drill PB under performing wells. On top of this PM flow restrictions may even deter investment into 3rd well.

Don’t bring me into your defence please.
My attitude changed after 2013 shorting fiasco. Coupled with Egyptian fiasco. Up until then we had very good prospects with CT leases.

Feel free to post away whatever resentment you have.

Just making a point how money could have been better spent.
There would have been a time penalty on the Cypress deal and if there wasn’t then Our CEO was really desperate to do the deal.

We have another 15 drilling locations marked out. So let’s hope we hit target.

As for costs I would be very surprised it costs $500k to drill G1.
They were better off spending the money on Fs 3 & 4 better return.

Last few posts were humble.

As for SWD……….as RNSs stated we have known knowledge / info in PB and experience. Then we go and hit a duster in the layman’s terms. This knocks investor confidence hence your drop coupled with warrants.

Sub .40 inbound hold tight until news of new leases.

I know you mean well. But no need to give a explanation on SWD. We have drilled so many in the past and converted old stripper wells to collect water. At one time we had shares in S/Pumps.

I hope you off loaded a few more last week(s) that’s if you were in the loop.

Doesn’t matter who’s money it is never like to see anyone get stung

Stayed away couldn't help feeling new narative was push WTI for 2 years and especially last week. What a load of BS that was.

Read RNS this morning and the only takeaway from it was.........................If it wasn't for WTI going as much as it did we would have made a loss again or close to it. I have been saying production is key.

Now reading rns we are now only looking to due another well later in the year. With most likely another well on PM (nit in rns) and we know thats going tobe no more than 30bopd after split.

So if WTI holds it will be same old same old. If it drops then what. For some reason CEO has staked his life/family/freinds money on PB for the last 6 years............I bet his phone is red hot.

at this rate 4 for a penny sooner than later!

You could be right. but can’t help feeling a bit too quick for you placing. We had positive news over the last 2 weeks via rns’s. Good or bad , in or out of this share positions are being taken. Just for the mega ramps that will come soon enough.

Happy Days!!!

Your post on warrants was on the money.