Member Info for Bubblepoint

""But, as RH is shown to be effective, expect confidence in the share to pick up.""

How do you work that out ?? Effective at mass dilution, effective in fixing broken second hand compressor engines, effective in taking a lifetime to get the new SIMPLE flowline installed and releasing the seemingly exorbitant high cost of some simple Welltest pipework and separator, effective in sourcing Global finance etc etc etc

I think they will get finance, but AFTER they have diluted to pay off the remaining £6m + costs Payday loan, then they will use a portion of the loan to clear Mercuria, and Forum/Forrest-gate, and be left with half the new finance money for a new stash of hobnobs and to do the necessary and soon to be pending Velocity string workovers etc.

RH is simply polishing the tvrd !!!!

Good to receive an update, it's what we've all been asking for.

Gezzzzzzz well its only about 6 months overdue lololol, and I do hope you are not expecting toooooo much from all this virtually pointless effort at Pin, they will be VERY lucky to get more than a modest sample back.

Agree ICB, stick with the plan, it WILL come together, they are not sleeping daily hangovers out in Morocco, they are active and working towards the Onshore drilling and the Offshore deal.

I am following my own very successful process, which is to quietly build a decent holding early on the RUN UP to operations, it is going to be a VERY interesting 12 months for CHAR !!!!

Do I care about the 14-16p range right now ?? No, I love it, perfect for accumulating and trading a small % to add to the build.

100% that's what it is Taverham.

Singhie, Fek OFF with all your political carp will you !!!!!!!!!!! it is so fekin boringly repetitive and just rubbish

PMSL Ocelot, all YOU need to know is that the gas price is going up but the SP is going DOWN, and that is because of the reality of potential HUGE dilution or HUGE new DEBT, take your pick.

AND the SP comes OFF, and we know why !!!!

And the problem with that HITS is if they convert then it is likely not at 0.6p it will likely be nearer 0.4 - 0.45p which would mean more like 1.75 billion additional shares issued, or thereabouts 45% dilution to the 4 billion in issue today.

I cannot see them being willing to do a deal for less, as they will want to ensure upside is built in without question this time.

Ocelot,

As previously said, the "lock up for 12 months" is totally meaningless, as all other stock they hold is not bound, they have a mountain of stock not bound. God only knows why they bother to state they are saying such things "in support", when it holds almost no significance at all.

It feels like they think they can blag retail with such stupidly pointless wording.

As per RNS, "and position as technical Director"

OK, he may still be in the company, but now just another Hobnob muncher in the tea shack.

""Still no sign of action on site (yesterdays satellite pass).""

They would be better not wasting the money & time on this stupidly pointless perforating "attempt", it is borderline worthless at best.

OK, if they want to go chasing some geological seep path to the ermmmm motherload lol, then just get on with it, run some additional seismic shots or get what they got micro analysed again and chase that, but this is just the worst waste of time & money I probably have ever seen.

So that's Hollis (technical Director) left the building, likely suffering from a lack of anything worthy to do, as it is likely Angus continue to be financially locked down until/or even if, they manage to get some sort of "softened" financial package/GF sorted.

It is what it is Baitsy,

They are likely to continue fluctuating with such global nervousness, up, down, up , down, BUT it ain't that much use here until Angus start really displaying that they have RETAIL shareholders interests at heart, and clearly they don't. when they say "we would like to offer our thanks of the support from shareholders, they DON'T mean you & me, they mean the wolves that work with them for raises etc.

They are the ONLY ones that have really made big hey while the sun shines for THEM !!!

It really would take gas prices to fly, and I mean FLY to more like nearer 200p to make the dial twitch here.

Looking at it today it is already backing off from the hype of yesterday.

In reality true sustained value is not going to come from praying for global DOOM influences to affect the gas price, it NEEDS the management to run the company with "some" consideration to shareholders, not their lender pals and those on fat benefits & salaries.

Provide upside from the raises TICK, and then as always, they UNDERMINE that upside with additional shedloads of debt, killing off retail upside in a flash.

I am sure even the Global financing (if ever achieved) will have some underlying gravy train for them and the lenders, and simply kick the retail upside further down the road, the road being one of those US desert highways, as straight as an arrow as far as the eye can see.

Problem is Baitsy, is there is no volume, around 2m so fa today with 4billion in issue, shows little to no interest, and that will continue until something that is actually positive on the financial aspects is given and activated by the company, including what & how Forum/Forrest-gate and Mercuria and their 8% royalty is dealt with within any financing change.

OK, the gas prices will benefit the top line to some degree, but it isn't a demand issue, it is just speculative due to Israel issues.

Because it is their trait, say something then do something different. Sometimes they would be better saying nothing if they cannot be bothered to follow through with some things.

CJM,

It isn't so much the gas prices that are the issue that is holding the SP back, it is the risk potential of Kemexon and Forrest-gate offloading stock into ANY rise they see. and the financing debacle that is taking "some" considerable time to sort out.

Gas futures prices would have more of a desired effect without the weight of the other carp hanging over this, other than that, mild changes in the futures isn't really moving the dial here at all.

Its a butterfly effect from this Gaza-Israel war that erupted over the weekend, upset in the middle east regions.

Depends on if it all dies down or steps up a gear into something much worse, which will put more pressure on prices, or if it dies down then it may well come back off a bit too.

Still well below what Angus anticipated, which is likely more like 150+ throughout the majority of the winter to bring up their low summer average to nearer 125p.

I am surprised they didn't use a "milk" bottle to show the micro scuz of oil recovered from the pit, its what they do best, Milk it !!!! and some more !!!

Baitsy,

It is just my opinion, but I expect whomever they have that would be willing to lend £20 million, is likely also embroiled in some pretty heavy due diligence, as I fully expect the loan can only really be secure against revenue generation and associated asset.

The problem or possible lengthy due diligence is also likely suffering as it depends on not just Angus, but Mercuria, the Payday lenders & the Forrest-gate factor, then add in detailed Opex & Capex (workover etc) detailed forecasting, and any production decline forecast, AND the weakness in the UK gas futures to what was hoped, then that Angus hope of resulting in an average of £1.25 is more likely looking like between 90p -100p annual average. which is neigh on 25% less than their hoped.

It will all have a weighting effect for sure.