Member Info for Bubblepoint

I don't know about "rerate" there might be a few peaks n troughs for the foreseeable, and I have not seen anything from them on "growth" prospects, only really efforts that hopefully maintain the same as now....

As for sentiment, well THEY killed it, not posters on here, you cannot argue with facts and reality.

Herbert enters Dragons Den,

We are owners of a depleted gas field, that had a good plan of action 3 years ago, we knew the problems.

We had historic info to help us develop a forward plan with good design and Capex.

We are now in production, have been for nearly 2 years.

We invite you to invest £1m for 1% of the company, because we believe it is worth £100m +

Peter: Soooo lets look at the development timeline, did you stick to your plan A ?? ermmm NOPE,,, or leader guffed it trying short cuts, it took 4 X longer to drill a simple sidetrack and cost ermmmm a LOT !!!

Ok, did you at least achieve your target ??? Ermmmm well we did ermmm manage to drill the hole, bit shorter than planned, ermmm like 70% shorter and a bit gunked up too.

OK, so did you at least bring it all in on budget ?? Ermmmm nahhhhh we ripped investors a new bumhole, by throwing out another 3.7 BILLION shares to this point, Ohhhh and we had to consolidate some ermmmm really bad debt, and a crappy hedgy thing with a really bad royalty thingy attached.

OK !! so how much have you had through your hands todate since starting this project, including revenues ? Ermmmm probbbbbbabbbbly about £70m give or take !!!

OK, and the debt ?? did you clear it with all this money swilling around ?? ermmmm no not really, we kept it going, now just a mere £20m owed over the next 6 years.

OK,,, AND how much do you plan to spend on forward NEEDED capex ?? ermmmmmm shedloads,,, probably another £15-20m to upgrade compressor/booster, run new velocity string/s, drill a couple wells etc etc.

OK, and will the do something good for production & revenues ??? ermmmm probably not, at best it might maintain current levels for a few years, at least until the loan is paid off !!

Soooooooo OK,,, and this great royalty deal from the past, is that closed off ??? nahhhh sorry, they want their cream !!

OK !!! so looking at the big picture, I see NOWT in this for me !!! just risk and almost nailed on NO reward.... I'M OUT !!!

You get the drift Ocelot !!!

Yeah Space between the ears !!! Helloooo ADRIAN lol...... tick tockkkkkkkkkkkkkkkkkkkkkkkkkkkk

-pa^{2} + \left ( ci \times n_{e} \right )^{\delta }

the equation for the perfect bull**** marketing equation

(rendered in \latex to make it look more sciency).

but to keep it simple, capex this, ebita that, opex the other, a bit of debt here, there, everywhere, some silent but violent hedgy things, a few promises of great things to come still will only equal 1.3rd of a penny a share !! polish it with whatever you want it doesn't shine through.

You forget to include the HUGE CAPEX requirement for the next 2-3 years, which will squeeze, yes SQUEEZE every last penny out of the pot and revenues, leaving nowt !!! simplzzzzzzzz

""Saying, all of that,BP, there could be flesh still left on the bone & that some may not have considered""

Are you referring to SLBY specifically Patrick ?

Investors don't necessarily invest on the basis of the number of shares they buy, they can invest on the basis of the size of the investment measured in £s.

Ehhhh !!! ermmm I will stick with my approach lol !!! SLBY is worthless to RETAIL and will continue to be so for a long time to come !! So on that note !!!!!!!!!! you know the rest lol./.

A SQUEEZE !!!!! ferk meeeee,,, there are 4.3 BILLION of these puppies in issue,,, lol

Nothing that special Patrick, they went with light mud weight and it bit them in the bum, they then had to resort to a heavy mud weight to keep the wellbore condition adequate to continue drilling, which worked to a degree, BUT still resulted in only drilling just over a third of the desired horizontal leg.

Bottom line is it will always be difficult to maintain hole conditions, and they suffered after the well was completed with the clean up, meaning the wellbore in reservoir suffered "some" skin damage from the use of the weighted muds they ended up using, so that likely also reduced the productivity from the 1/3rd horizontal leg by a chunk too. meaning at best it is realistically about 25% of the original planned horizontal that is producing.

They can do much better next time, simply STICK to plan A, and don't try to be clever as GL tried too, and it cost 3 X what it should have.

Details of forthcoming judgments will usually be announced here on Thursdays at 11am.

All a bit pointless really, it is now akin to taking a vagrant to court for blocking your doorway !!!

Rounding it all up, it ALL translates to what is now a totally undermined asset, OK for "them" useless/no upside value to "Retail" punters, and that will likely be the case for the remaining life of SLBY.

The "only" potential interest remaining in Angus is what happens at Balcombe !! we wait with GREAT anticipation !!

I don't know Ocelot, I don't waste my life listening to jack off webinars & interviews, they are for those that enjoy being pumped, I prefer to stick to the realities of the industry, for which I don't need his fortune telling stuff for.

""We know that we can run mature assets well. We have a lot of experience in field rehabilitation and mature field management, ""

Yeah, that's great Richard, BUT there is no point being good at something if you cannot do it in a way that is economical, doesn't involve payday debt, doesn't dilute the daylights out of it to get there, and tell lies along the way.

Mature/depleted fields are plentiful, the problem as always is the easy stuff is long gone, the remaining stuff will always be borderline on if it can be recovered with a profit fact !!!

What it will do is always give enough for THEM to keep their lights on and salaries covered, fact !!

As for anything that may additionally exist at SLBY, well one thing is certain, it will not be cheap to find out... they have first hand experience at THAT !!

Gezzzz I am GLAD this is off his ermmm free lunch bucket list, as anything he puts out there is nearly always sold down, working for the inner circle !!! Basically do the opposite of what he suggests lol...

Well it costs about 60p for a roll of Andrex super quilt bog paper, 235 sheets per roll, that's about 0.25p per sheet so it's about 4 x cheaper to use UKOG shares on a roll to wipe yer butt than Andrex...

3 times more buyers than sellers yet we are down 13.5%

Uncleal,

If there were 3 X more buyers it would NOT be down 13.5%, you simply look at the automated buys & sells, when in reality they often set the spread deliberately skewed to throw sells on the wrong side of the mid point, thus it'll show as a buy. same if they want to play with buys the other way....

Bottom line is it's worthless, and they are working stock "out" for someone !!!

I personally feel it is 95% nailed on OK and the appeal will fail.

SB,

For all GL's woe's, he certainly managed to stimulate it enough to get it in the mid 2p's at one point, before then diluting it to death and undermining it completely. He did well for me !!

It is exactly why I don't long term minnows like this, just play the main event/s, in the last near 20 years of doing junior oils, I cannot see one, not a single one that has ever held on to it's gains, and I have seen plenty go from part penny to pounds, and ALL have eventually either disappeared or now sit back in the pennies or part pennies.

There will be one or two exceptions out there, but that is luck of the draw !!

I would much rather the concise, boring RNS over their historical RNS's of conditional verbs

SB,

Each to their own, but it won't stimulate the market, just turns it into sleepy hollow !! as with the number of trades so far on an RNS day !!

Nhawan,

Who said it was negative ?? not me, though I would be more inclined to say that the RNS is a lot of nothingness really, It isn't negative, but about as interesting as watching a snail race !! or reading your desperate posts lol...