Member Info for Bubblepoint

More cobblers from the Anti David Lenigas brigade. DL is like Marmite. But there is a silent majority who follow him and make good money. I tend to ignor DL haters . In my experience they are either bitter losers or greens or part of the Winnifroth short crew.

Ehhhhhhhhh,, the reality is you are about just as full of shlt as he is....... yes plenty make money off the back of Leni " full of" Gas, but not from results, just from the rampathon he delivers on the run into his ermmm projects.

In fairness, that piece of **** Leni"full of" gas has quiet a large following of smash & grabbers, who will roll with his every "rampathon" word, and make a few quid, though it always ends in LTH's being left with a fat loss.

If the kerlown ever does set foot on to HH then there will be money to be made, but not from results lol.....

It's ALL planned subsea (subsea7)

As per this note referring to ALL offshore being completed subsea to send everything to onshore processing etc, no topside, no FPSO or other type of floating production. which will make for much cheaper and faster route to eventual production.

LONDON — Chariot has issued an update on preparations for its Anchois subsea-shore gas project in the Lixus license offshore Morocco.

Following completion of the pre-FEED stage, which incorporated results of the Anchois-2 drilling campaign to verify the development concept, further definition continues in the current FEED phase.

The company is collaborating with Subsea7 and SLB in this process. Plans call for an initial three producer wells, including a reentry of Anchois-2, with multi-zone completions to enable gas recovery across multiple stacked sands.

All the wells will be completed subsea with associated subsea production system (SPS) infrastructure controlling and collecting the produced hydrocarbons for delivery via a subsea flowline to the onshore reception complex.

The SURF package includes an umbilical for controlling the SPS and importing chemicals to the offshore production facilities. The system is also designed to allow for tieback of future wells following exploration, with the field thought to hold a further 754 Bcf of resources.

Along with floundering gas futures prices & a lower output from the field today. pish really !!

Gezzzz marineclerk, they just raised 20 mill, which is sitting waiting for the onshore drilling and other requirements.

Yeah but heyyy what's £25,000,000 between their friends !! lol...

Green box day lol,,, morning BV lol

Not bad, 43.6bopd for £100,000,000 of funds invested lol....

If they simply kept the funds in a bank they would be getting around £5,000,000 pa in interest lol....

It's OK Ocelot, THEY want retail like you to hang on to their every word, BUT the SP and the ultra weak volume speaks for it's self.

As ever it is not what is said that makes the difference, it is always "between the lines/the unwritten" that is the difference between profit & loss.

Lets see how this unfolds and the market response over the coming months !!

""It isn't RH's style to exaggerate so I think we can take him at his word when he says "excellent".""

Ahhhh yeah, it has obviously paid off for retail to listen and hang on to every word this outfit puts out lol.....

Its not what is said by them, it is HOW you interpret it that is the difference between making money or sitting on a fat loss.

So, you would rather they took on £20m consolidation debt that basically just undermines the asset for significantly longer, OR >>

They move to convert the £6m payday loan, which only results in about 30% stock dilution, which when you consider they have already hit it with 7X dilution since the SLBY initiation, isn't too bad.

Then they simply & easily service the remaining Mercuria debt on plan, which keeps the royalty at bay, and clear Forum/Forrest-gate within 2-3 months.

Then by end of Q1 2024 they will be raking in the BANKABLE revenue at a fair rate, and able to self fund whatever they plan next.

It isn't rocket science, BUT Angus ultimately don't want to play that way, they don't want to stop undermining the asset, by replacing debt with debt then it just kicks Retail in the nuts for a longgggg time ahead.

""Why wouldn’t you buy at 0.55""

Because if there were easy and decent terms out there then the financing would have been done 2 months ago, yet here we are, one payday loan converted and another twice that size coming up to maturity !!!

You say why wouldn't you buy at 0.55p, I would say I wouldn't buy at 0.55p as the odds are more in favour of being able to pick these up much lower if they don't sort this mess out soon, and personally I don't think they give a sheite about Retail, they just pump out words that they hope will hook the Retail sector while they wind them in !!!

Bridge, the ONLY ones wetting themselves are those holding, I don't and won't be looking until there is some serious changes, including the illusive Global financing lol....

We will see, if they don't pay then I am sure forrest will take it away !!!!

Ohhh I am not confused lol,,,,, Look, you can believe whatever you want, but the market speaks volumes, and volume.

There is almost zero interest in the stock, pittance volume daily, the SP on it's aris at under 0.6p, Angus is really going to need to magic something special for any kind of recovery, including debt management and the approaching £6m payday deadline AGAIN.

As for ownership, well if you don't pay for your part of the deal then that ownership isn't legal is it lol...

Ocelot,

THEY have NOT paid off Forum/Forrest-gate for that stake, they have paid part, but the majority is still owed.

Now, if you nip down to your local car dealer, pay a chunky deposit, and assure him you will be back to pay the rest, then UNTIL you pay that you only own your deposit worth of the car, if you don't pay it you don't own it simplzzzzzz

Angus made a deal, but they have not paid it off in full by some margin, therefore Forrest-gate likely still holds about 25% of SLBY by default.

Ocelot,

They don't OWN 100% of SLBY UNTIL Forum/Forrest-gate has been cleared. FACT !!

And if they only had 51% now then it would actually be a lot worse for retail.

""its not worth toss! Also a FACT lol ;-)""

SaS, well you got that bit right !!

But it is also clear many prefer to only want to see pumpy postings, not reality and simply bark at those that do post reality.

For me, I remain solid on the fact Saltsfleetby was a fantastic grab for Angus, and they did manage to glue together a plan and execute getting the plant in place and gas flowing.

But they let it go to their heads, and the scheming little cretin GL went straight to work in mastering a plan to undermine the growing asset value through crappy deals, payday loans, REALLY crappy short cuts in the drilling program that cost at least 3 X what it should, and then the lies about some of the raised capital that was to cover this bit of hedge, then that bit of hedge, pay for this n that, but in reality what should have cost no more than £30m, has so far seen Angus wash through over £50m in raises, loans and revenue and are still owing £17-18m (£5+ to forrest, £6-7m Payday, and £6m to Mercuria.

Plus it has resulted in nigh on 7 X dilution since the start of SLBY.

They have kept front of shop but sold everything inside down the river, purely to the determent of RETAIL.

If you cannot understand that then you really are blinkered.

It's the ukog BOIL that needs lancing lol................

71,000,000 shares are worth less than £20k, never thought I would see that day, but simply shows how the leader has simply destroyed it to confetti status.