Member Info for Bridgedogg1

HFB - you have claimed many times that Boil could do their own seimics in a day if they wanted right? But in the article you just posted it states:

"Full-volume fast-track data should be available next March, with final data expected in October 2022"

Why dont they contact you and get the inside track on 1 day seismic processing?

But share options of this size are a missive dilution to holders when they are exercised. They buy the shares really cheap and sell them into the market creating a surplus and holding back the potential gain even in the very unlikely event that something actually happens witht he asset. The directors have had years and years to put their own money into this and get shares in return, but no, rather not risk their own money on such a risky venture. 'I'll take the salary though'

momoni - the people managing you investment have just given some of it away to un-named parties for no stated benefit.

"150,000,000 to Share Options to two individual contractors to SundaGas Timor-Leste (Sahul) Pte. Ltd. ("TLS") to seek to ensure that maximum value is achieved on Baron's main asset"

They havent secured any agreement/works relating to this so why give away 150m shares for nothing? Why havent they named the contractors? Smells a bit fishy to me

Because the new board members are presented with the same information as the old board members and are coming to the same conclusions?

"It should be noted that the net free cash is calculated as at the balance sheet date and does not take into account future liabilities that the Company is already committed to. As such, not all of the net free cash would be available for repayment of the Convertible Bonds at their maturity in July 2022."

Water cut Jan 2021: 25%
Water cut July 2021: 31%

Not invested but i think the valuation got a bit full here, hence the drop. Still one of the best managed resource stocks on AIM but that can only take you so far.

I agree it’s good to have a company come in an take the risks brut it’s not lie it’s a big company with lots of geothermal experience. It’s basically a paper company with stated intentions and no expertise or clout. May as well get together with my mates and say I’m looking into geothermal. Oh wait, that’s what he did do.. I’m not holding my breath on this and dearly hope that we don’t actually put any money into it.

What’s out stake in this?

Mark Abbott is a Director of the Company will be subscribing for £20,000 of new Ordinary Shares.
Martin Durham is a Director of the Company will be subscribing for £2,500 of new Ordinary Shares.

says it all

30% dilution

Unexpected delay could have been reported a few weeks ago

Rubbish

30% dilution so holding up pretty well.

Mark Abbott is a Director of the Company will be subscribing for £20,000 of new Ordinary Shares.
Martin Durham is a Director of the Company will be subscribing for £2,500 of new Ordinary Shares.

Says it all

Seems like EOG should be doing this alone. Why we need a new unproven company to come in... it’s not what you know

Delayed 2-4 weeks

MrI. I thought Wressle was declared viable at 80bopd?

I think KOD has overtaken UKOG as the dumbest PI stock on AIM.

Troajan, which platform do you use to short these small companies?

I have not been here long so still optimistic! I just do not understand how this can be so undervalued. It has been free flowing oil for a while and all the comms have been almost certainty around the 500bpd figure. At the current price of oil revenue is going to exceed MCAP if Wressle is successful but absolutely no interest here, flying completely under the radar. As for the BOD, pretty poor - we are dependent on the assets to show their value because the BOD won’t promote it very well. I'm confident that Wrestle will eventually push this over 3p and get some visibility in the PI community and farm out in now much more likely in the current environment. It would be good to see something happen with Morocco to show that it’s not another asset with no material action to justify salaries.

Before they start mining they need funding, then they need to build a mine.

What news is that Iceman?

This moves up on no volume just to capture the large sell orders.

"The Group is continuing to review the options available for extracting saleable gold from the loaded carbon it is producing, including toll treatment or expanding its own processing facility to include an elution plant and gold room."

A bit late for May/June/July production schedule?

Thanks Rubey, must say I was a bit worried about getting from 80 to 500 but clearly doable. Is 500 the max we are allowed to produced? Noticed it said it would be choked back.