Member Info for Bladderman

Regarding Nigeria - we were given 5% by the courts with an option to increase to 15%. Unfortunately nothing has progressed with the operator and that's curtains due to politics etc.
Anyway, in Wyoing we're on the cusp of significant field and finance transformation. Some guys are a bit bitter which is totally understandable as we're all seen our investments slashed horribly. It's time for AM to deliver and what's a massive month March is for this outfit. Hopefully AM repays some of the loyalty been shown here. Question which RNA is going to drop first. We 'll have to see

and if he does...

Get over yourself Stas20. The JVP completed their DD before Christmas. If they thought AM was misrepresenting the find then they would have walked away. On the contrary we are now in a stage were we are hammering out the detailed terms and we announce as soon as they are agreed. Think we've all heard enough of your moaning. We are all deflated by the share price but the right RNA will change everything in an instant. I'm glad that 1,400 bopd production has been recorded. Now let's get the JV/RBL delivered. Permits in place

Surely an update on JV progress soon.

PANR announced 500bopd in todays RNA and still valued at £270M. We produced 1,400bopd at the beginning of the month and valued at £20M plus £32M debt

The market is waiting for the next move and so are we Arthur

the Company confirms that it is actively negotiating terms for a joint venture for the long-term development of its Wyoming assets. The Company plans to announce the detailed terms as soon as they are agreed.

23rd Jan COPL announced a 'game changer' as a JV for this will also be included. Six weeks on it must be close...!

Reserves report due end of last month which will be used to secure the RBL

Reserves report in hand now hopefully to secure RBL and retire the facility once and for all. Thank goodness we completed at least one CC recompletion during a very bumpy ride thus far in 2023. The fact that it flows unstimulated is the'gamechanger' and will no doubt strengthen the desire for the JV hierarchy to get this signed ASAP as will be too valuable to let slip.

Time for our FO officer and lawyers to deliver. Extra large news items expected this month...

Let's go

I'm quite sure when you say you lot GAZA. Can only see Fastfood going for it with 5 posts out of the last 8 points to raise his evidently skewed concerns. Yawn. Now green boxed.

Exciting times guys

500k (£30k) buy just in at 6.3p

Still stumped by it. However, massive news items are stacking up this month...!!

Now that's a post! -Very succinctly delivered.

Nothing more to add other than BOPD on Feb 28th recorded 1,400bopd. So when the weather is acceptable this is our benchmark production - all unhedged

Bring on the CC well recompletion data

We hit 1,400 bopd on February 28th. Some outfits can't even produce 50. It sure is a very strange valuation at present...

As I pointed out every extractable barrel (200M) is being priced at $0.2 which is insane. No wildcat drill or potential. The oil IS SITTING THERE and doesn't the JV partner know it...

Light on the Ask...

Big news next week le's see...

For arguments sake every barrel of the 200M to be extracted at £20M MCap is being priced at $0.2 per barrel or a fifth of a dollar. WTI is currently $78. No wonder our JV partner approached us first

Makes no sense.

The important thing is that I own more stock than when it was 16p. Currently, only 300M in issue. And some kno...bhea...ds have tried to deramp this at sub 8p. The oil is there and IMO should be 35p right now which is great for me . Bring on the rise ::::))))

Not sure Shaa. What I would say is at £20M with all that oil confirmed it's borderline farsicle.

What's probably worse is my exit price. Currently, no idea as this outfit is valued at £20M and producing c.1,400 bopd unhedged.

IMO £100M seems silly and that's 30p which is less than AM's £250k which he explicitly emailed to me in a response that he wasn't bothered.

Bring forth the RBL

Let's hope this transcends Shaa....

Most importantly our principal stakeholders understand this too, and are working with the Company to exit this period stronger than it entered."

Sentiment tide turning.
Production all unhedged at 1,400 bopd recorded Feb 28th
Market over reaction.
News on JV and RBL, funding also CC recompletion anticipated
ANGS (0.925p to 1.55p previously 2.6p high) BOIL (0.07p to 0.27p recently.) Loads more examples (MATD from 1.5 to 5.3p) and now COPL at rock bottom (6p fallen from 38p in January last year). A bounce is on....

Let's hope it all falls into place Steve and we observe one epic turnaround...

The Company has engaged with numerous US and International banks and institutional debt investors and expects to secure a term sheet based on its 2022 year-end reserve report for the Wyoming Assets, which is expected to be available in late February 2023 and, will be published in late March 2023 at the time COPL files its 31 December 2022 annual audited financial statements

Wonder if AM is now in possession of this??