Member Info for Bubblepoint

Totally agree Redeyemines,

The onshore potential is high, and completing and getting any commercial gas found into some form of basic production will be both a tiny fraction of the cost and time it takes for anything offshore, fact.

It might be a bit dull at the moment, but I fully expect there is a LOT going on behind the scenes in getting the ducks lined up for this smaller onshore effort, and end of this year rolling throughout next year is going to hot right up on the news flow front and activity.

Lol, OK Ocelot, as said, that is your view, I simply DON'T share your optimism, and if they do get "global financing" then again, it is just a "consolidation debt" that will trigger 8% royalties, and need a chunk to service for much, much longer, and that simply also consolidates the long term undermining of the Saltsfleetby asset, and simply allows them to generate some kind of war chest for other needs/ops etc.

You can try to sugar coat a tvrd but it s still a tvrd beneath it !!!

Well Ocelot, what you "hope" for is simply that, just hope, but the reality is showing something different, and no I don't buy into " things like that take a LONNGGG time to finalize"

There are clearly issues between outstanding debt and the suppliers of that debt and the requirements to get such "global financing".

Each to their own, but I will stick with my take on it, as so far staying out of Angus during this mashed up period is proving correct.

That said, I hope some kind of "rabbit" is pulled out the hat for long term sufferers etc.

Ocelot,

The problem is that "they" are clearly having issues with the sourcing and finalizing of any Global financing deal, otherwise it would already be in place.

Therefore Angus are likely looking at this and feeling financially strapped down by SLBY and the remaining £6m f the original debt, the £6m+ remaining payday debt & the Forum/Forrest-gate £5m+ debt.

They will be looking at this because all their revenue is going on fighting the debt fire and it leave "nothing" for other works, such as Balcombe forward plans, SLBY future workings, and any other dreamed up ideas they have for supposed growth.

They don't want to0 & should not want too sit on their hands and do nothing for another year, whilst they wait for revenues to pay down most or all of that debt and become debt free, and then build up some kind of war chest for other workings.

I am almost of the mind that the £6m+ Payday debt will end up being converted, can almost smell it in their wordings recently. Personally I don't really think it matters which way they clear it now, taking on more financing debt to consolidate other debt is still debt, and still needs long term servicing, or just get the conversion done, get that dilution out the way, then just pay Mercuria the monthly paydown and string that one out for the full term to delay the royalties kick in, and use the next few months to kill of the Forum/Forrest-gate pain in the backside.

By early spring they will be banking revenues and likely be in a much better place to do things by early summer.

Jacob/Adrian,

I am here because there is ALWAYS money to be made on these outfits, regardless of how truly bad they are, and I have a mountain of Weald oilers and weald research & info built up over the last 12 years or more.

Will I ever punt this monstrosity again ? If is see a smash & grab, for sure I will, so I will be around for some time yet.

As for shorts, nope, I never have and never will on any stock.

Well BV will have a great understanding and response I am sure pmsllllllllllllllllll

Must be ill or summat, usually I see a swarm of green boxes after such posts lol

Sticking to my guns on this one and not touching it until TRUE clarity shines through on TRUE financing solutions, but for me it does look desperate and it has a feel about it that the same sheite will happen with the other Payday wonder deal.

""Perf guns are arriving soon. And a court decision will land soon.""

Really JacobM/Adrian. and what a total waste of time, money and effort it will prove to be !!!! Wait for the sanderson LONGGGGG RNS afterwards, trying to sugar coat a tvrd lol....

Slovak, TYPO Adrian sorry.... lol

Slovak,

I will let my 30+ years of seriously in depth industry experience and knowledge let me be the judge of that.

Armchair keyboard warriors like yourself, Peeeebooo and one or two others deserve all you are going to get, you have been warned lol !!!!

Ocelot,

The supposed "seep" isn't a true seep, it is oil that is clearly "seeping" into a shallow small aquafer or geological stream, which is why there is so much water with a tiny strain of hydrocarbon within it.

If it was a "raw" geological "seep" then you "may" have a small chance of seismically tracking the local geology to a potential trap system, but with what they have, it is far, far more likely this "microscopic" seep is accessing the geological stream or aquafer from far away and is almost certainly bordering on impossible that it could be traced back with even the slightest reliability.

Hanging on the the carp that the leader is spouting is financial suicide !!!!

""They may have oil flowing in two weeks time though.""

NOT a hope in hell there will be any flow from Turkey, they will be lucky if they can get a decent sample of oil from the dribble of oil and water that they will likely see.

Dream on !!!

Its always best to promote FAR into the future of gas lol,,,, always looks better with binoculars.

But Nov is first, before Dec and further months into winter ALWAYS show higher as you would expect lol.

Make that 6% down on Friday:

CONTRACT LAST TIME(GMT) % CHANGE VOLUME

NOV23 118.760 10/23/2023

9:02 AM -5.888% 1085

Not sure HITS, it "could" be they have now connected the new flowline, which means they do not have the addition of the "welltest separator" to take the remnants of B7T unwanteds, which will be much less now but still likely spitting some out, so now the Plant system and separator is having to deal with all wells contributions, and that will also mean realigning the plant & compressor/s to the inflow conditions.

Not a definite, just my possible take on why ?

CONTRACT LAST TIME(GMT) % CHANGE VOLUME

NOV23 121.500 10/23/2023

8:08 AM -3.717 400

In what way Baitsy, because they are minus 3% this morning !!!

"""i trust i make myself totally clear on that front,"""

Singhie, you spin your political carp on here daily, with strong opinion, in some lame attempt to pull others into your view, WELL don't be surprised when others respond with THEIR take on YOUR view, you dealt it out, you also have to take it from the other side too.

OR SIMPLY STOP POSTING YOUR POLITICAL DIATRIBE !!!!!!

""potentially a very exciting opportunity""

Ahhhh the "trait" words of the maestro himself, ""Potentially"" ""Exciting"" ""Opportunity"" Hmmm, yes for him it will be lol.

But as said, ride it on the back of his oddball following and you "can" make a few quid. but it comes with a severe health & wealth warning lol...

And ANYONE taking in the words of Lenigas needs their head tested lol, He is worse than this outfit.

That said, you can make money out of his rampastic carp, but you again simply need to play it for all it is worth and RUN !!

So how do you determine the potential near term upside, Bubblepoint?

Ocelot, if you need people like me to tell you then you are seriously out of your depth, and should go invest your money in M & S or something.

But for me, and what has nearly always stood me well, is I look for the drivers, such as exploration drilling or development drilling, where there is plenty of RNS feed, plenty of info floating about, and plenty of volume to take a punt and also offload when the time is ripe.

I dont care what the a55 et value might become, because with that come the placings, the payday debt, the legalities, extended timelines and delays etc etc..... and the price slumps off on the back of that most of the time.

So as with UKOG, they have had ear £100 million through their hands, what should you expect as a punter, well I would "like" to think they will turn that £100 million into £2-3-4-500 million of value, represented in the MARKET CAP/SP, but it rarely happens, so stuff all that outfit rampy sheite, and simply trade the short term upside and NEVER look back lol