Member Info for Bladderman

Less debt to find now - should be a done deal now IMO. It's a prime prime asset and we're valued at just over £20M. Including debt the asset is worth between £75M and £135M so this is cheap. 2,500 BOPD plus year end target for COPL on completion

Let's flush out the overhang down here and crack on. Atomic deal seems more likely than ever. Art clearly wants this deal and we are a massive step closer

In the oil business and significantly more likely to secure Atomics interest. It's happening before our very eyes

That's because £6M was already raised. Now it seems in a weird world that we have just bought instant 200 BOPD for 40 years for just £3M. That will be 750bopd by year end as we know

15% at the end of the year will give us 750bopd plus.

We want the whole asset eventually for 5000bopd

Could be filled now as Ask went up to 0.2549 and paid. Get ready for the herd to return. Massive news on the horizon according to the CEO

We'll go up

We have paid the $1M as a deposit. Next amount due. Once paid then we'll see where we are at. If atomic wanted it already we could pay the $8M with our $8M raise - that's how I see it. Art also said in the interview immediate payment wasn't essential

£20M MCap
£6M cash
Nigeria
ATOMIC 2,500 bopd at $55 a barrel
Marginals

Should start kicking up towards close of play...

We are projected to produce 2,500 When Atomic goes through year end. That is $55 x2500 per day so about $135,000 Per day. Say £100,00k per day so £35M per annum in revenue at that price.!!!

£35M

Now the legal dispute is settled Essar are just waiting for the Nigerian green light. Over £35M been spent. If Nigeria pulled the plug it wouldn't look good for other foreign investment

Higher lows now going forward.Dropped on a few shares so not a lot of shares about so MMs taking the **** a bit. Buyers to scoop the bottom and researched investors relaxed. Finance package being sorted and finalised this week. Loads of news flow due so enjoy the prices while they're discounted

Just speculation at the mo. Who Could say that we won't activate our 15% down the road

Lol.
The MM aren't letting anyone buy this under 0.28p are they. Massive few trading days coming up.

Can't wait for the 0.3s

In the latest video he says he's expecting news on that 'in the New Year. Can't wait for that to be signed off which is a formality

Exactly - Essar are the 95% operator. So is between those guys and Nigeria. Some jokers about for sure

The mother ship is preparing for her maiden voyage - she is going to become extremely hot properties over the days, weeks, months and years ahead. Armed with £6M cash too which is a decent cash position. Above £50M the institutions will start piling in... news flow inbound.

Regarding OPL 226 hasn't £25M been spent on it to date Essr (chief operator with 95%) want this asset drilled and Nigeria need the cash more than ever re COVID so all good there IMO.

Great link Tiburn.

We were due a decent blue day and hopefully the start of many as the TA will be very positive . Someone said resistance at 0.26p well that was truly smashed. Said before Monday that I hought we would be firmly in the 0.3s today but I can handle a two-day delay lol. Next week could be explosive

Fair enough mate- but let's enjoy this as sounds like at last we're going to be a producer and a blinking decent one at that. Right time right place