Member Info for Bubblepoint

""I wouldn’t sell too soon BP. I think the rerate could quite significant and over a few weeks. ""

Hanging in on the words of this shower WILL, as it has many times before, end up back in the sceptic tank where they seem to like it. for me, I am ONLY interested in % and reality of how it is trading, and then it will be dumped... not interested in some waffle about Guff of wherever it is, or half promises of what they "could" deliver... this shower is hanging on by a thread, and as they have clearly noted, there is NO guarantee that this will be deemed a "going concern" and that will result in nada for everyone apart from Trafigura and a few SLBY trough dwellers.

Ohhh I would 100% agree, it would be a dream for many to escape, and I will dump my handful of these near worthless bits of confetti on open too, happily !

""Hopefully it would proviDe everybody with upside potential, including Trafigura.""

haaa haa,, DON'T you worry about Trafigura, they got this shower nailed firmly to the stake, and they WILL get every penny out of it, UNFORTUNATELY that also means they will fully undermine the asset leaving nowt for retail.... Ohhh and I do expect a placing to be fudged into this and it isn't going to be small.

I wonder if they will try the same stunt as UKOG last time !!! that would be interesting ...

""I have not understood the point in mentioning the revenues for the 9 months before the debt facility began.""

Because drilling was complete, 3 wells on production, they used dilution to pay royalties etc, and spent nowt else until they had the Trafigura finance, WHICH highlighted part would be used for the booster compressor etc, SOOOOO Ocelot, there has been 24 months of production, and not much other than Opex spent out of that..... THAT's WHY !!! £37.11 MILLION spunked on not a lot other than hobnobs

""BP when will you stop living in the past.""

WELLLLL Fartoomany, the fact YOU want to dismiss the dire past of this shower of sheite, only highlights your extreme naivety, it IS THE PAST that has them in DEFAULT with an ever growing sinkhole of debt, THE PAST actually shaped their future and believe me,,,, it's not a very flattering shape at all....

""Total of all debt <£30m. That will be easily serviced from revenue ""

REALLY, well what did they do with the £37.11 MILLION they had in revenue for the 24 months prior to suspension ?? when they noted the pot was almost empty !!! it wasn't enough then and it almost certainly will not be enough now !!

It HAs to be ALMOST nailed on that ANY default negotiations will not be revealed until at least "they" know what the outcome of the little workover program shows.

Logical, simply because it is directly tied to revenue, and Trafigura will want to ensure they drain the lions share of quarterly revenue, leaving "just" enough to keep this shower in a job... in the mean time, the sinkhole default penalties and interest keeps growing.............

""Looks like it. Update on the progress can’t be far off now.""

Why ?? you want another "everything progressing as planned" RNS ?? pretty pointless as THAT is expected. nothing of VALUE to note until MARCH.......... THE CLUE is in the last RNS... lolol

Unless the chair has been whispering to you AGAIN lol...

QUOTE !!

The workover programme is designed over two phases, with the physical intervention followed by a clean-up period of approximately four to six weeks, before the results of the workovers can be assessed in March 2026

OK UK OIL & GAS !!! how can we turn what was an absolute embarrassment and disastrous & expensive drilling operation at Broadford bridge into a positive !

Ahhh GOT IT, OK guys & gals, we proved we are a JOKE at both finding hydrocarbons and trying to produce them, we successfully SPUNKED over £100 MILLION of our mug investors money playing big oil !!

Soooo since we are now MOU specialists (even though they are worthless) and we are the next "green" fing, then lets put it that we have abandoned BB and make sure to note how we are an ermmm clean energy outfit and we need to distance ourselves from this horrendously dirty industry !!

Damnnnnnnnnn I forgot to have you mention that our confetti factory only uses recycled toilet paper in its MASS production, and that the power to run it is directly from the methane WE produce in our office !!

Signing off, THE WORLD's most embarrassing & disastrous (no) oil & Gas company

Ocelot,

The ONLY thing positive that I can glean from it is "they are LUCKY" they are still operating and that Trafigura has allowed them to keep going FOR NOW...

""I also work in the gas industry""

I think Resres is referring to methane gas !!!

""discussions with its creditors regarding restructuring of its debt remain ongoing""

ACTUALLY that statement is quiet laughable, it is said in a way that makes out they ACTUALLY paid off some of that consolidated debt mountain, when in REALITY they have not paid a single penny of it off.... basically they are in discussions with serious groundworks contractors to see if there is a solution to the ever increasing debt SINKHOLE they have created (all by themselves)...

Soz Mirasol, I thought it was an odd question to me, cheers. and yes he is a kerlown !!! and back in his box.

WOW MoneyLozerrrrr,,, chill man,,, you got NOWT to worry about,, as you say IT IS ALL LOOKING ROSY OUT THERE...!!!

I don't know why folk seem to like picking fights with me, when I have absolutely ZERO responsibility for the mess this outfit is in... but hey... they will come out of suspension, they will double production, they will be handed a golden egg producing asset in the Guff of whatever you want to call it, they will be given MORE money by Trafigura, and at half the interest rate, along with no penalties etc,,, they MIGHT even give em another 12 months grace LOLOLOL,,, Ohhh and the royalties owed and Forrestgate etc,, phaaaaaa chicken feed, they can pay that with the lose change...

So on that note, as said RELAX dude.... sit back and wait for the default deal to come through and this to open at 1p !!! PMSLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

""Toxic in here.""

Noooo your confused, it is this outfit that is "toxic", they put themselves in to this situation, not after one simple mistake, but a whole raft of poor management decisions, some deliberate & V|ERY bad financial management, bot in use of revenue and financing, the result is that the pom pom waverz are constantly in a head wobble, clinging on to even the thinnest strand of hope against a giant sinkhole of reality !!! THAT's toxic !!

Evidence ?? lol, yeah I have always copy/pasted the hundreds of LONG industry posts, here, UKOG, the Falklands players etc etc, long before AI lol...

in reality i am just a cleaner,,,, well yes, I am, I use my industry knowledge to KNOW when I need to cut & run with profit lol... I often "clean up"

It's Ok fartoomany, I put the kerlown back in his green box,,, I only have 3 people filtered and he's one of them, welldone lol

WOW,, how old are you Resres ??? 6 ?

I will give you this though Ocelot, regardless of why you post and who employs you, your ability to maintain composure is second to none, You seriously take some stick on this and other boards but you NEVER flinch, not sure why or how you manage that, but 10/10 anyway.

Algeria