Member Info for Bladderman

the 750k was a sell the 754 a buy

Of it were a placing the sells would have continued into close. It was all JBER who manages the bonds.

It finished 5 to 1 (the aforementioned).

It ain't over yet

Yep all sells. Reckon the settlement was aggressively sold today - well over half the £630k which eased at the end of could easily sell at the end

10% ....you've got off lightly then by comparison

Hopefully AM has been on the phone to the recipients of the settlement saying what the f**ck you doing

We are whole heartedly agree on that Sinden

These Wonga boys have been given £630k for their efforts for free and are cashing is now as I see it Free money is it not

Shares pursuant to the share settlement option exercised by certain Bondholders for settlement of $0.75 million of Conversion Payment amounts (and related accrued interest) due in respect of two converted 2024 Bonds and four converted 2025 Bonds.

Certain bondholders is not our cornerstone Investor. It's the Wonga boys palm greasing. They'll be gone early next week

Of course if one were to short now and a JV with Exxon or Continental for example lands next week then that would be serious roasting....would be brave IMO

There were plenty of sells in those buys. To me it is to do with the settlement bond which is £630k. Hopefully will be flushed out early next week. I think they have under £350k left and that is assuming they want to sell them all. Hopefully just temporary. AM is telling everyone to watch this space but let's be honest he needs to tell the market. I appreciate he is under NDA but an update is required if we are to move up. Hopefully the much anticipated JV is almost ready for roll out

JBER is pn the Ask so it is not a placing

Flow rates next week i reckon...

The placing was at 0.065p so these guys are 200% up. Where it goes from here is unknown. The JV gives very cheap shares away again at 0.065p. I've been looking at it and just don't know. They are in talks with government but no license areas. The JV is obviously a big deal

Only JBER on Ask rest at 7.5p plus

£100M value with all assumed debt. Just remember the MCap change is disconnected to debt which remains constant

The way I see it the £630k is a settlement 'bond' to the wonga boys which is why JBER are on the Ask. It's free money to them and about £200k gone already. Who knows they may keep the rest. Now that settlement is done we have a more level playing field. Another £850k was released at 13.25p. Draw a line under it and move on.

Reality is the bond was for £630k. Probably done a third of that already.

£20M MCap
£8M in bonds
£34M credit facility
...£75M total with all debt assumed.

Now look at the asset....
Over 1 billion barrels of OIP.
Fed deep permits in hand.
100% owned CC flowing unstimulated (130 bopd) (second well underway)
Carbon caoture opportunity.
Ironing out JV detail with a large O&G company. RBL to include money to upgrade gas handling system (applied for).
Producing c. 1400 bopd all unhedged....
Over to you Art to sort out the company valuation.

Remembering that a 100% increase to 14p makes this company then worth £100M (200% is 21p or £120M). All very achievable with the right RNS.

Have a good weekend all - expecting some big positive news items to land in the next 4 weeks

Quote from Feb 1st regarding JV.

Four months in the making so gtting real close now one would imagine -

Hopefully next week :))))