Member Info for Bubblepoint

Ilovewelks,

No your correct, I don't waste my time or money squatting in pubs all day or night, they are for folk who actually don't have real friends, and need to feel part of something, along with pishin their wealth against a wall.

As for posts made, well let me apologise to the posting POLICE, I didn't realise I needed YOURS or anyone else's consent/permission !!!

No I don't, so I will post as often as I like on whatever I feel justified, BUT thanks for your concerns and all that jazzzz lol...

I can only assume you are still underwater and you don't like ANYONE spoiling the remotest chance of breakeven or even a profit !!! BUT you fail to understand, it is not retail punters that cause the internal damage that this company inflicted upon it's self, YOU should be giving THEM your whinging and whining posts !! THEY put it where it is today, NOT me, HITS, WG, or anyone else you seem to have a little grievance with lol....

Ps,, all the best for Xmas,, lol

JD,

RELAXXXXXX,,, the potential for upside is in the eye of the punter, if YOU see it as such then heyyyy happy xmas !! enjoy !!

Not everyone shares YOUR view !!! pmsl

Barney, it "may" pick up from here, but as WG rightly pointed out yesterday (as below) there is an awful lot of potential for those noted to take any rise as opportunity to offload, and as it stands this is still languishing at or below 0.6p, hardly rocking the world is it !!

WG post:

Where exactly are Kemexion in the scheme of things? That’s an awful lot of shares,and apparently no seat at the party?

Ditto Alephs 300 Million warrants. They can be converted way below todays price, and what do you think Mr Forrest will do with his 10% should the deal actually be signed?

BV,

You don't need to spam every post lol,,,, got a half screen of green boxes PMSL...

At the end of the day Angus has at least done something in getting the preliminaries for the finance sorted, though not signed off YET.

To some, they will "hope" it leads to some "retail" upside, to others (me included) will see it as still insufficient justification to take a punt, based mostly on the reality it will take every penny they can scrape over the coming 12 months JUST to achieve the required works and additional well, nothing more...... AND until they provide the REAL details of this Trafigura deal then then it remains full of gaping holes that may or may not have significant effect !!

That said, anyone taking a punt blind to the release of that missing detail, then all I can say is good luck !!!!

That is if you count the deleted trades lol...

Ocelot,

Folk seem to think this gas storage is going to be something special, well, in reality if it has any merit and can be justified then it simply may well result in avoiding field abandonment, and giving it a secondary life.

That said, I expect they have projected that SLBY will likely continue as a commercially viable producer for at least the next 5-6 years or so, in line with the Trafigura financing deal and repayment schedule.

The storage story can only come into play after the field is wound down as a "producer". which is so far down the road that it is likely to have little bearing on the SP, though it will at least likely result in the wells they have open at that time being converted, and some of the current plant being re jigged to be utilized for storage, such as compressors etc.

I think you should sensibly revaluate your expectations on revenue over the next 12 months:

Can they maintain even the current reduced flow rates ?

It is realistic to use what has been the average over the last month or so as typical, anything more a bonus !!

What price can they achieve ?

You are assuming next years revenue based on revenues to date, which is not taking into consideration:

The much lower winter wholesale prices, Angus were hoping for 125p average, the reality is 35% lower at this time, and summer prices are likely also to be similarly lower.

You are basing your revenues to include the current spot price for everything over the current hedge, this is not going to be the case come Jan, when Trafigura set what will be a new dynamic hedge covering ALL production, and that is likely to also be at a modest discount to the rolling price, especially as Trafigura are also going to have to basically buy out the old hedge and commitments to then merge all production into one hedge, I would not be surprised to see it at 20% discount to an average monthly or quarterly price.

We also do not know how it will affect the "shell" associated to grid pipeline cost, as they become just the carrier not the offtaker.

What JD notes relative to the funds to do what is needed at SLBY over the next year, yes, same as I have also said, the break, and the revenues "should" fund the works and possibly the new well, but it will likely leave nothing on the table to do all that, and therefore kicks the can down the road for retail investors to see anything at all until 2025 at best.

I also expect them to throw in a "possible" placing for anything not SLBY, such as Balcombe, simply because they will be free to do so once they have consolidated, and it is highly unlikely they will burn the SLBY war chest build for other non SLBY requirements.

Just my opinion mind !!!

Exactly mullins,

ALWAYS best to put your fingers in your ears and make stupid laaaa laaaaa noises than actually take in the reality, the facts, yep, good on ya lol. that there are exemptions though, BV, one way toooo many etc ..

JD,

Don't be so childish, OF COURSE they won't go bust, they will be free to make placings once the consolidation deal is done and all debts cleared and existing hedge transferred to the ALL ENCOMPASSING dynamic hedge.

If they need more then they will simply throw in a placing or two !!

Just to be clear Ocelot,

I am not against this financing deal, they needed it to smooth out the mess that it was, but it isn't some "blow the dawwwsss orfffff!" deal, it is simply replacing dire past deals, with a chunk of extra change over a longer period, and Trafigura are smart enough to get the old hedge transferred at a cost that will also be part of what is simply a full dynamic hedge at likely notable discount....

Trafigura are the real winners here, with a modest lifeline thrown out to Angus, not much more than that really.

Ocelot,

If it is static, it is static because ALL this deal does is carry them through for the next year and give them the flexibility to both use excess revenue and the excess from the financing to do ALL aspects of the CAPEX required. so YES static meaning there is NOTHING left in it for Retail upside for yet ANOTHER year at least.

And that only stacks up if they manage to drill a well from scratch, ON BUDGET, to target depth AND it have commercial viability on result !!!

These proposed wells are not for flow growth, it is to help offset the decline !!

Ocelot,

It will almost certainly mean that Angus will be receiving LESS than the combined hedged gas and the full rolling price they are getting today, so best factor that in as the flows are lower too.

OK, yes there will be a chunk of change left over, and yes it will support CAPEX requirements for a while anyway, but it is going to take ALL that and likely every penny they can scrape between now and 12 months time to do ALL the in field requirements, and get enough to cover a new well from scratch.

Basically there is NOTHING excess left in the pot for other projects, or from SLBY until they have drilled this next well in likely a years time.

It would not surprise me to see them throw a placing in for Balcombe in the new year as they will have no real curbs on placings once they clear the Payday loan etc.

Ocelot,

I would HARDLY use the word SWOOP in this deal, it has taken nearly up to the wire to get something almost over the line.

Also, with the consideration that Trafigura that will need apply in the transfer of the current hedge obligations, to become the sole offtaker, will likely mean that this ermmmm "Dynamic rolling gas price protection set up is likely to be at a modest rolling discount to true wholesale prices, which in reality may well give Trafigura a bit of a bargain for gas as the offtaker, and likely why the interest etc had some improved rate to existing.

If this "ermmm Dynamic Rolling gas price" was sooo good then I am sure we would all know what that was, meaning at what discount to the daily price. I don't think Trafigura are likely to remotely sell themselves short in any aspect of the deal.

No,, No rock unfortunately for you Mikee, I have no reason to hide away, though I would say some that were ramping it up this morning have already scurried under their rocks with their rampy gains lol...

Hardly a resounding vote of "a wonderful" deal with what ?? less than 1% of total in issue traded today, pretty weak if you ask me, and exactly WHY it is lingering where it is !! Those pesky 10% ers will be well gone too by now !!

Ilovewelks,

You are simply blinkered to reality, when I was posting relative to the earlier workings at SLBY and then the drilling, YES I was positive, it had GREAT hallmarks for a little company maker and SHOULD have achieved that.

UNFORTUNATELY they didn't follow their OWN planning, and went red neck rampage with the drill and then GL used the same timeline to totally swamp it out with lies and dirty payday debt, along with a shedload of confetti to boot.

Sooooo No I DON'T like what they turned it into, they destroyed Retail potential for gains that had strength and made sure THEY were well taken care off, along with those involved in such lending etc....

YOU may well enjoy such outfit ways, and somehow think they done a good job, but then that is what happens when you are incapable of detaching yourself from hugging the company, and keeping it REAL with your own plan to both protect your punt and/or maintain a strict sell strategy when it fits the criteria.

It is people like you who PULL the WOOL over peoples eyes with exactly what pulling the wool over the eyes does, it creates a BLINKERED to BLIND view !!

I suggest that IF you are so SUPREMELY confident that you will see the dizzy heights of 1p, 1.5p etc etc then just CHILLAX,,, no need to post rampy dreamer stuff, just wait patiently and then sell at your dizzy heights point !! you know, if it is that NAILED on !!!

Not long now rodders !!!!

And I actually fully agree with WG's last post too, for which I am sure those noted will be offloading hefty chunks at some point, just the reality not blinkered view.

*****************************

""Where exactly are Kemexion in the scheme of things? That’s an awful lot of shares,and apparently no seat at the party?

Ditto Alephs 300 Million warrants. They can be converted way below todays price, and what do you think Mr Forrest will do with his 10% should the deal actually be signed?

Desperate Dan,

YOU seem to be managing to contribute to the so called drivel quiet well yourself,,,, well done lolol

Seems to be a LOT of clutching at straws today from the hold & pray, and the trade & PREY brigades lol...

PMSL Dan, YOU fail to want to understand that debt consolidation over a much longer term with some extra thrown in just removes the reality for SLBY to turn a bankable profit for a significant time into the future.

All this does is give them "some" flexibility to use the excess to debt and the excess left over after consolidating to ONLY cover the planned works, both on existing wells and plant and in part towards the drilling which is looking like at least a year away.

Tell me where the imminent upside is for RETAIL ??? you cannot, because there isn't !!

Deals like this are not for the benefit of retail, only themselves and those associated to the deal/s.