Member Info for Bridgedogg1

This is about to add $4m free cash flow and no cares

Maybe SG think they just need to get the licence and then some smuck will pay all the costs for a 60% buy in... sound familiar?

Sorry wrong chat

How hard can it be to RNS the progress on operations?
- oil didnt naturally flow to surface
- perforated
-acid wash
- nitrogen
-pump for mechanical lift

Its a real pain in the @ss that they dont update.

2 more weeks left, hopefully all on track

Unfortunately Wrestle isn’t small potatoes for us when the annual revenue is close to our MCAP and triples out production. With the POO production is king and pays costs while the big deals are put in place. wrestle production + real news on either Morocco or Ireland would be huge.

Artificial lift implying oil not flowing to surface - looks like this was only in the plan as a fall back option - either nitrogen or a rod - not both?????? So squeeze failed? - All wild speculation

Stevebt - check out ORR - in not in atm but its going down for no reason and lots of news flow and very little dilution. Im looking to get in if it drops to 0.5.

Snoozefest. Sounds like we are looking to get into some drill ready assets . Hopefully low risk & low cost which can take advantage of POO.

Wressle has already flowed at >500bpd right? Is the squeeze just to maximise or is it an indication of an issue? Cant work out if it was all part of the plan..

Eevryone talking about the BOD being corrupt etc - havent they all only been in place for 12 months or so? WOuld have thought they would make it work if they could. Only new factor now is the price of oil.

Wressle has already flowed at >500bpd right? Is the squeeze just to maximise or is it an indication of an issue?

The difference being that in the run up to results LEX went up 70% whereas ORR went down 15%.

Sure this has been discussed but i have to say i am completely shocked that the water issue fix is to build 2 huge dams! I'm sure it was the best option but it was utterly unexpected. Would be interested in getting more detaisl on this.

Huge buys going through,nice round nominal too - Someone building a nice position??

Also worth noting that the costs of servicing the airport contract with reduced passenger numbers is likely to be similar to when the numbers are higher, vastly improving margins as we emerge from covid.

"In addition, there is an opportunity under the contract for further revenues from cargo screening operations."

Included in the estimated revenues or not?

The big question is what will be the initial outlay and ongoing costs to service the contract? Any LTH's care to hazard an 'educated' guess-stimate on the free cash flow generated from the contract once passenger numbers return to normal?

Wow I got spiked in good and proper. Broke my cardinal rule of not trading in the first 30mins. Thought this would move quickly to 7p!!?

Looks like the plan was to raise $3.5m for the paradox well. Assume that’s still the plan even with increasing cash flow if we want to drill in July. Only a small raise that will pay back ten fold atleast. I hope we raise more so that more can be invested in similar deals.

Even if the resolution is past it state that the management is unlikely to engage in a buyback. Much better to spend on increasing oil production as we move into a supply squeeze over the next few years and let the share price sort itself out.

Jeez, a total of around £20k worth of sells dropped this by 16%.....