Member Info for billy101203

I concur

lets see if its on our side today

Good news!

Everything will be fine next(i think)

SP still being supported can't help feeling the big UC trades are droping sp so they can be filled

You been on the mulled wine or ready?

Engery is the new way for RR......

More welcome to Hotel California!

still got alot of support.

Slowly coming together

Yep we are getting there. Just another 2.35p to go.

We will do have faith in the tea leaves. If CEO can’t get sp back to 3p pre Covid especially with higher oil prices and more oil. Coupled with new spud in a few days time. Then it’s just another failed attempt. He get it right one day.

The key words in the last 2 RNS's are

Loan facility -( this to me and you is a overdraft nothing special. Also how hard is it to sell oil at the moment)
Reserves - ( this is whats in the ground we think it might change. Still trying to work is this for 1 well or lease)
Increased - (we were always going to increase figures from 2020 as they were the lowest. We should used the words back to normal or pre covid levels give or take a few barrels)

Well feck me if we didn't increase figures from 2020 then we were fcuked. After cost cutting mainly wages which are going to come back and bite us. Also if noted they did mention it in RNS that " directors continued to defer elements of their remuneration which was due in 2020 and continued to maintain low cost operations in the field" . Most of our costs are admin looking at results.

Thanks for the delayed updates. Most of us if we wanted could have worked out revenue at a given time of the year. The reserves figureI was going to look into but to tell the truth not bothered. I was going to cross ref figurees to the ones being spouted at around Dec 2017. Please don't come back back to me to explain proven or unproven blah blah.

Reveune is a issue now. We need another 4 wells like C1 to show a annual profit and to have funds so we can develop wells c6 and more. The free carry modal on an asset like Cypress is wrong. It shows you don't have the confidence in the bu11$h1t you are selling simples. We need to drill 2 wells at least at 100% WI. Then the investors/partners flow in. As we have de risked the leases.

For all to get the SP moving we need a drilling program of 5 wells to show investors we are not a trick pony. What if C1 had issues this year and needed remedial works say in Octbober and November. We would be up the creek without revenues. YE results would be show increased losses.

Looks like market doesn't like the updates or they just don't simply understand NTOG.

I’m glad your reason it but…….ssssh

3p today its got tobe!!! yes no?

On website “simplywallst” Google Ntog simply wall st.

Let’s tell these guys about understanding NTOG mc.

I had a letter from credit card company this morning saying they have increased my credit limit…………..then guess what I found £20 in my sofa. I put this down to increased reserves!!!!!!!

No men in white coats turned up!

SMR must be a game changer for RR. 1stly for the UK to energy self sufficient more for back purposes in an emergency.

So If I get this straight market doesn’t understand us?

You do know that there are a lot of variables that make up a MC.
It’s not simple as revenue v shares in issue + assets.

Very subtle!!!!!

and what figure would you put on the market cap?

devils in the detail of the RNS.

It was 3 months over due/late........ist not the RNS that was expected wrong order of events. Hi oil price we should be drilling what we have on multiple fronts. Not proving an asset that we know has got the mustard.

1 We know about C2 spud Q4 (Friday) expect RNS
2 Any other spud news USA farm in's.
3 Our Africa Safari (wouldn't be suprises if we catch a ride on a elephant!)
4 Last placing RNS (which is a given)

So its a damp squib so far....