Member Info for Bubblepoint

Told you not to bank on gas prices that were pumped up for some fickle global influence, that has now subsided ALREADY, always stick to using a more typical average for basic outlook calculations, being probably around the mid 70's for annual.... which unfortunately isn't going to keep the wolves from that very flimsy door....

"" I can’t foresee any possible chain of events that would lead to shareholders being left with nothing.""

There's PLENTY of potential on many fronts to continue to screw retail, the problem with your sentence is it does not differentiate between "shareholders" (many are their chums and the city swill trough brigade) and the lowlife retail end, big difference..... YOUR right as far as the "non" retail swill trough brigade is concerned, they will be just fine !!!!!!!!!!!!

YOU will find out soon enough, that there is NOWT left, any deal will simply continually drain the pot to nothing more than enough to pop 50p in the meter.

And then we will also see YOU suddenly disappear from here as you have no answer to the outcome, it also would not surprise me to see this drag on like PPP forever in suspension

""BP but we are where we are""

Well yes,, of course we are where we are, BUT no one has yet managed to explain how there can be ANY upside using the simplest revenue numbers from the previous 24 months, they NEVER used any of that to pay ANY debt or royalties, they used the Trafigura funds to pay for the booster etc, which only leaves general Opex, now if you consider the flow rates & revenue were much higher in the first 12 months of the last 24, yet it resulted in barely a pot to pish in, then EXPLAIN HOW they are gonna dig themselves out of this mess with some upside value to retail ???

No one has managed to put up a decent argument and numbers to be even slightly convincing, and the reason for that is they got too greedy and thought they could do whatever they wanted and get away with it, they have with retail because we have no voice, BUT Trafi are no fools, and they now totally control the situation and the outcome, AND THEY owe retail NOTHING, Trafi WILL clean up with this shower simply draining what is left of this depleted field as little more than sideshow operators, to fill Trafi coffers

""I know that might sounds far fetched""

It isn't about what "should" be, to the benefit of ALL its shareholders, it is always about what this shower does to constantly undermine the asset and its revenues, it is ALL they have ever done.

The original roadmap for SLBY was great, it had all the hallmarks of being a little company maker, and unfortunately all this shower could think about was HOW they could drain it all away with bad management and some VERY over priced workings. they never even bothered to pay the royalties from revenue, that is JUST how greedy they were, NOOO NOOO paid in shares, pass it down.... keep the cash in the swill trough for US & our city cronies...

"" A full 12 months of income with no specific outlays other than standards costs""

Ehhhhhhhhhhhh they declared they had almost NOWT in the pot JUST as first instalment after the generous 12 month grace period was up, that whole 24 MONTHS to the end of the grace period saw a grand total of £37.11 MILLION slip through their hands, SLBY will NEVER deliver enough to see an upside for retail, it WILL all slowly be tipped into the swill trough and gobbled up, with JUST about enough to keep the lights on.

AND I tip my hat to Trafigura, they hold ALL the cards now and likely this is exactly what they expected....

"I think they’ve already got enough cash to drill one new well""

They don't have enough to drill a hole in a wall to hang a picture on, let alone for a new well lolololol

They OWE most of everything they have in the bank and some !!!

They "could" do a UKOG and loan the confetti factory for a while and double the shares in issue to cover some of it lololol,,, never say never

‘’My firstpost shows that we have lost to the creditors timeto put your shares in the bin‘’

The tiny amount I have went to the bathroom as toilet paper, and even then it was awful, like that wax covered bog paper they used in schools in the 70’s lol

Yeah bob hope and no hope

The only thing this shower of sheite can optimize properly is the spunking of every last penny on as little as possible, followed by a dose of major default

COMEDY GOLD these pomp pomp waverz lol

I will accept your apology when the reality comes out and it is exactly what a few of us are saying it will be, keep on dreaming but it will never be enough to fill the default sinkhole these lot are in, and trafi are the only ones with any control and holding the end of the rope

‘’Good cash is logical isn’t it ? Since March what has the income been? What is reasonable admin costs ? What is reasonable opex? You will be left with 3-5m in my opinion.,,,

Ahhh, so NOW its just assumptions and opinions lol,

By the way, I recall many discussions as to how big the cash pile must be on the run up to the end of the highly generous grace period, and look what the REALITY was !! Almost penniless and follows a DEFAULT on the main debt lololol

""Of course £30m, not £30. No they are not skint at all. They have good cash and a new loan agreement at lower rates. Significant increase in revenue to service the debt. Lower OPEX. All is good for a rerate.""

OF COURSE everything you said above is dreamt up, because there are NO facts on any of the above available, so it remains just a wet dream that you keep telling us all...

""They owe a total of £30""

YOU WISH !!!!! they are skint and will remain that way for a LONNNGGGG time into the future......... when Trafi etc have pull their pants down

""plus whatever the new well adds""

What "new" well ?? lol,,, right now they don't have enough for a pair of new shoelaces, and when they drilled what was a significantly cut short "sidetrack" meaning 200m not 600m of horizontal leg using an existing well, it cost them equivalent to a kings ransom and took longer than it takes to drill a new well to 20,000ft offshore in hostile waters.

I wouldn't trust them to drill a hole in a wall to hang a picture, never mind a completely "new" well, AND there is by no means a guarantee anything they drill will find anything of commercial value, AND if they hit the existing reservoir, then it too will simply face depleted low pressures and induced liquids.

I certainly would not agree they are capable or have the potential to see £7m per quarter, the ONLY way that could happen is if gas prices were notably higher than the end of demand season shows today, and it is already struggling to hold 100p.

""Strong Production: Saltfleetby gas sales rose 19% in Q4 2025 compared to the previous quarter, generating estimated revenues of £4.12 million.""

Oddly 19% = the same as Q4 2024, which is more a "recovered" rate after an oddly significant 19% drop straight after Q4-2024, that continued through most of 2025, until they needed to pull a fake rabbit out the hat lol....

""as many of us pi's are holding millions of these and can't do naff all with them""

Not difficult when there are almost 5 Billion in issue.

""bubble it’s Gulf of America please.""

It's whatever you want it to be, but it won't matter as there is NOWT there for this shower, they couldn't afford easyjet super economy flights to the US never mind buying anything there.

"" they assessed the assets and did due diligence""

I think you are a little confused fartoomany, it is almost certainly the owners of "supposed" asset in GOM that will have done THEIR Due diligence on this shower of sheite and told them to bog off, based on track record and dire state of finances.