Member Info for Bubblepoint

"It's to be hoped they get this refinance sorted"

Unfortunately it is NOT a refinancing deal, they did that one when they consolidated all the unpaid debt before with trafigura as creditors, this time is not refinancing, it is a mercy deal to avoid disaster due to technically defaulting, which no doubt will carry penalties and likely an unfavourable rate, as would happen to any one or business that failed at the first hurdle to its creditors after a generous 12month grace period.

As for me, well you presume this is my life, but that is about as short sighted as your view on this shower, so we will leave it at that !!!!

"" The gas price rerating ""

you WISH, it isn't a rerate, it is pricing simply brought on through a war that could just as easily end tomorrow, and that will bring prices crashing back to normality faster than this lot can spunk tens of millions in revenue, just as before suspension.

enjoy the anomalous prices, though what is left in the pot will be very, very interesting, you would "think" they should be swimming in it, but i somehow doubt it very much.

I am sure they will be oiling up the gears on the confetti production line as we speak ,with some wet dream rainbow chasing stuff to get it through lolololol

Drinky,

If everything was as rosy as those tinted glasses make it appear, then a deal would have been easy to strike, but it is not the case, they technically defaulted, under what we’re generous terms, and failed at the very first hurdle, and here we are, a YEAR down the road and still they cannot get it closed out.

Regardless of the extra gains from global issues related to conflict, it clearly is struggling to demonstrate stable ability to satisfy any deal proposal.

It will get done but the creditors will control all of this going forward and this shower will basically end up handing most of any revenue over, leaving enough to keep them employed, the retail sector is of no concern to the creditors, thus it will leave nowt of note and it will likely result in stagnation

“as debts reduce”

You know something we don’t Saga man ?

Shares are suspended and no deal has been done to release it from default. They have not said what astronomical price this mam and pap workover cost yet lolol

Ohhh yeah field performance can complicate things !!!

lol, it does when it is already topped out with the cheaparris workover done, resulting in nothing more than partial recovery to production 2 years ago and barely equalling revenues from then WITH the added war gains, so basically still barely enough to cover debt payments and keep the lights on.

Yep I can see the retail upside lolol

Eyeeeeeeeeeeeee Saga man, lets try walking AGAIN before they try anything else. this shower deliberately trips over its own shoelaces to order, and I seriously doubt they will have remotely enough funds to support conversion to storage, let alone the years of planning and consents to initiate such a switch.

By which time almost all currently here will be long gone, apart from the usual suspects town crying on behalf of market free loaders etc...

""rather than an obvious accelerating decline profile.""

Drinkipoo's, the problem is you simplify the "decline" and it is NOT the case here, this IS a DEPLETED field, this IS Tertiary recovery, and that means they are fighting decline brought on in two dimensions, 1) natural and continuous reservoir pressure decline (take something out and don't replace it = pressure decline) & 2) the continuous though small reservoir pressure decline trend significantly INCREASES induced liquids into the wellbore and near wellbore reservoir, so you get what equates to a "false negative" because they are producing with the aid of the booster compressor to get more gas out at lower pressures, creates irrational induced liquids behaviour and that = Fastrack flowing pressure decline, it simply snowballs, and soon enough it becomes non viable to continue additional recovery methods THE END

Unfortunately for you Drinkypoo's AI bases most things rationally, whereas this shower is about as irrational as it gets, and therefore the outcome is likely to follow the same dire path as always, and I MEAN ALWAYS !!!

Today is a year later under default suspension and you think it makes them look better pmsllllll

Pmsl the market expert oce, how’s your analysis of UKOG stacking up lololololol

And the market already gave its view on performance, from 1.8p to 0.25p lololol

It’s an asset that is undermined for the long term and leaves nothing for retail, you will still be twiddling your thumbs in another year and asking how, why ???

And like I have said, if you are truly convinced this is all good and your gonna be rich, then no need to hang on to my shirt tails for your supermarket upticks lolololol

Just sit back, relax and wait for the big one to land lllololol

Keep saying it, eventually you might call it correct lol

Muggin’s your not a nutcase, your just trapped in a dog of a stock without a driver or a mercy debt deal

Thought you had me filtered !!! Yeah righto lololol

Pmsl, whatever Oce, pmsl

A year and a day to late as always for this shower

Muggin’s sell em while the luck of war hands this shower a little life support !!!

OHHH you can’t coz they can’t get a deal done due to dire defaulting to their previously generous creditors

Saga man, I couldn’t give a hoot if folk don’t like my view on the fact they had more revenue than this before and failed to pay jack to any of their creditors and passed royalty payments to shareholders via dilution as always.

I expect the reason they are struggling to get expert mission deal over the line is the reality they simply are right on the threshold of being able to cover debt and keep the lights on.

If they were in such a great position, a deal would not be needed in the first place, and default would never have occurred, along with retail being far better off than the crap they sit on today that cannot be traded due to some spoof rto suspension to mask the real reason,,,,,, Default

WELL YOU like to discuss ME Oce, so I thought I would just discuss YOU for a moment !!! PMSLLLLLLLLLLLL

Howz all your hard work proving over on UKOG Oce ??? you really worked hard on that one for your bosses, I hope you were well rewarded ??

That ermmm placing play over there was something to behold !!! PMSLLLLLLL

I don't see you posting so much over there right now !!! business done for NOW ?? distance yourself until NEEDED !! ?

Look !!! if YOU are so, so, soooooooooo sure all is good in the hood, and this is going to be 1. whatever P, and they are going to be given an amazingly good deal by their badly bruised creditors, then sit back, WHY argue with little old meeeeee !!

PMSLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL