Member Info for Bladderman

Bit of volume here should see us move up nicely.

...want to give away their shares for under 15p.

Then now's your time lol

The funniest thing is not one green box lol.

Up she goes

Positive start with lots of news flow anticipated.

One day the MMs will let this go

Full Ask paid at 13.5p for £5k.

Blue is the colour.

Exciting days and weeks a head

Some volume arriving now.

Big week next week.

10p lol. Why not 7p. There again could be 20p if in a few weeks

RBL term sheet either next week or week after. So I would say the week after. This will be for £38M credit facility plus I reckon about £20M-£30M for pipework upgrade and drilling campaign

The vertical well identified six sand formation pay zones. In light if this drill horizontal drilling is the obvious way to drill the Frontier. Estimates are between 800 bopd and 3,000 bopd per well depending on length of the horizontal drill. The second drill will target Cole Creek - this is to prove up reserves. Potentially for the buy out.

Horizontal wells 500-800m in length aren't cheap - I don't think anyone knows the exact answer but I'd say $3M-$4M

Production and RBL near term yes.

Moreover, to think ART is planning to drill the Fed pay load in just 6 weeks. When one considers the Shannon facility system upgrade off the back of the RBL we have an outrageous in bound news flow to expect over the next 2 months....and beyond.

If all falls into place then the shorters in now are going to get burnt

ART the drill was stated in one interview as early Nov - just waiting on those long leads apparently

...to think the P1/P2 reserves are restricted to the Shannon unit interpretation.

What's in the 85% owned Fed Deep and the 100% owned Cole Creek combined?? Miscible flooding/injection could take us up to 50% recovery (of a billion barrels).

The RBL will open the door to all the opportunity.

RBL armed with this amazing independent interpretation.....

"The updated reserves of the Company and the significant increase in COPL's 2P NPV 10% to $492 million illustrate the benefit of the timing of our acquisition of the Cuda assets in a high oil price environment. We purchased these assets for $19.15 million with the incremental reserves acquired at a cost of $2.20 per barrel. This is a remarkable metric to the comparative valuation of the 2P Reserves of $15.70 per barrel as at July 31, 2022. We will continue to release updates to the market as we work through our plan as presented earlier this year."

Acquired at $2.2 a barrel - brilliant business in this climate

Just to add that AM has bought near £400k of stock this year already. To me that shows commitment and confidence. A lot of investors get excited when a CEO buys £50k. That's some wedge. Evidently not a CEO who's driven soley by his pay check

RBL sorted will mean we'll have the cash to do everything we need to turn the SP on it's head and get the high pressure oil out of the Shannon for starters

JBER off the Ask is significant and now a buyer.

Going back up...

Even JBER keep moving up on small buys

I believe the rise starts here - 17p paid last week. 13.4p to buy now- just.

We anticipate strong news items on the horizon: financially the RBL will be transformational and the RS's increase in proven reserves announced very recently will dramatically improve our position. It will also make other potential buyout companies take note that this acerage is the real deal