Member Info for Bubblepoint

YOU really fail to grasp the Aim market and specially Ail oil minnows such as this shower of sheite, It is NEVER what what is written that causes the biggest decline, it is what is between the lines, the unwritten that they deliberately polish over with fluffy carp. That is how snake oil salesmen work !!

Say whatever you want, IT IS TECHNICALLY A DEFAULT FACT............................

Flukin elll,,, it IS a "TECHNICAL DEFAULT" and the debt is also ATLEAST more than twice the current Market cap, you know,,, the value shareholders have established the company to be worth !!!

Right now on paper, it is like you have taken out a 200% mortgage on your property with an income that is enough to keep the property in order but barely enough to cover any repayments.... The market clearly does not subscribe much value to the remaining gas as it is proving more than troublesome to maintain recovery today, never mind in 5 years time.... and it is WHY this outfit HIGHLIGHTED in bold, the going concern in the suspension RNS

I REALLY want to hear what some of you have to say relative to the FACT this shower has never actually paid off a debt from revenue, they have only ever gone to confetti factory production and/or conversion or simply consolidated, including using excess from the consolidation loan to pay for the recent works/compressor etc.

So for over 2 years and £10's millions in production revenue, they have barely a pot to pish in, have not paid off a penny off the much greater consolidated debt, and barely spent a penny of that revenue on Capex, only Opex has been covered.

My question is, WHAT on earth do you think they are going to need to produce to even achieve breakeven ? because at best, even with the new hedging it will only do that at best, meaning nowt left for anything else.

My best guess is they need to look at double todays production to cover all debt repayment, cover any new Capex and to cover what will almost certainly be an ever increasing Opex..... How do you really think this shower can achieve that ???

It is why the "going concern" note was highlighted IN BOLD on the suspension RNS.... because clearly THEY are not confident either,,, 4 months on !!!

Ocelot,

It is not for you to "assume" an asset value, and it matters not, as Angus HAS already proven that they cannot produce enough to break even and this last 2 years are the BEST years they can get from this field, relative to continuous decline and the related increased Opex & Capex needed to get that gas out.

It IS the reason WHY they are currently in technical default....

""Update in 5-7 days Simon, according to chairman""

What ?? has Lady of Aim" taken the seat ?? Mystic Meg's crystal ball on Blackpool promenade is more reliable than these usual Chinese whispers !! But as always, say it enough and the broken clock thingy kicks in.

""AIM sickness, I have a sad feeling that we will get shafted""

I think you will find they ALREADY did,,,

Re existing shareholders: companies are rarely taken over at their historic low share price, there is usually a premium to pay for control, whether full or partial.

Ermmmm not when you are having your pants pulled down by the likes of Trafigura, who are owed around 2.5X the MC of this shower of shiete.

The RTO falls through?

I would say 100000% that is the best result, this shower is in enough of a royal mess without muddying the waters and adding to the overwhelming burden they already accumulated. Add to that they are, as far as the industry is concerned, borderline a liability rather than an asset to anyone or any company.

It will become even more of a producer. OF CONFETTI !!

If there is one OUNCE of true RTO producing asset, meaning it is not some deadleg mam & pap outfit looking to milk the market to do pretty much the same as Angus is doing to keep their salaries flowing for some time to come.... If there is one ounce of merit to the story, then it will almost certainly come with a fat bunch of strings attached and a fat placing or two to boot.

1) I asked for you to go back through "history" AND show me ONE, just one news feed that was full of promise (plenty of them) and then MOST importantly DELIVERED without sucking it dry, undermining it or diluting us to near extinction.

2) I am not asking them for a "running commentary" I EXPECT some grains of info relative to the bare bones of both the technical default progress and this supposed full of ermmm promise RTO carp.

As it stands right now/today, shareholders have little LEFT to lose, most of what this company "could have been" has already been sucked out of it by those with snouts in troughs, and that is not retail punters, it is the LEAST we deserve to be given a few grains of both the status of the technical default situation AND the pipe dream RTO story... it isn't like anyone can suddenly sell or buy IS IT ??? we are in month 4 of a stock suspension !!

""we simply don't know.""

AND you think it right that "we" are all sitting here in month 4 of a stock suspension part linked to a technical default and some flimsy RTO story with such minimal info from this outfit ??

It actually only continues to show JUST how little they respect retail holders, some folk are likely sitting on significant paper losses right now, with little sign of anything positive to turn this around.

In fact, howz about you go digging through the mire of RNS's and tell us all here the last release that BOTH promoted something of notable upside potential, AND THEN (most importantly) went on to DELIVER without being sucked dry & undermined in the process.

You know,, just a "simple" we are going to do this, we are funded to do that and we will deliver >>>> and >>>>>>>>>>>>>>>>>>>

It does not exist, plenty of rampy promises resulting in mass dilution, no money in the pot and 2-3 X unpaid/defaulted debt mountain Vs MC.

Ocelot,

What is it do you think, that Angus brings to this RTO table ?? I mean dealing with a private company that "supposedly" has producing wells, thus a revenue stream and bookable or booked reserves, why would they be interested if it is all rose covered cottages and a great producing asset !! the only possible other reasoning is that THEY want access in a public company to make cash raises to "possibly" save what is left of a few dying wells ??

It cannot be that Angus has something technically great to offer, because THEY have already demonstrated a notable level of industry incompetence and poor understanding. It cannot be financial, because this shower is in reality a bad debtor and on paper skint, as it owes more than it has and is already in technical default.

So the ONLY other conclusion I can consider is it is the blind leading the blind and they are both equally as bad as each other but probably for different reasons, or it is all a load of tosh that has no legs and was deliberately thrown out there as a distraction from the SLBY reality, and to buy them a shedload of suspended time.

"Do you seriously believe ANGS would have been able to release an RNS on 19/5, with the information contained therein without there being any truth in the content?

Ocelot, The WORLD is FULL of tyre kickers, who come to view your car or whatever but in reality don't even have the bus fair in their pocket..... all I see is just that, which provides some supposed distraction to the ELEPHANT in the room,,, DEFAULT..... and how or what they can do to somehow correct this mess

Add to that, your approach, which is always seemingly smelling of roses, is almost the same as finding out your new merc was stolen off your driveway, and someone reported it was dumped after hitting a wall.

You drive down to inspect it, and as you approach from 200m away, you say Ahhhhh well it still looks perfect from here, when in reality the front end has been smashed to sheite, but best not to get any closer, just stop here, and it will remain looking great.... what you really have now is an almost worthless pile of junk AND it's gonna cost you to both remove and clean up after the event.

I will stick to blinkers off, reality.....................

Ocelot,

Does it make any sense WHY I am a shareholder ?? there are a 100 reasons that could lead you to that, I rarely class myself as a shareholder, meaning to hold a stock in the likes of Aim for more than say a week or two, sometimes only hours, BUT by default I have now become a shareholder in this shower of sheite, as I cannot even offload this tiny punt even at a loss if I wanted too, I am stuck in this at the mercy of their default and dire historical deal making, incompetence and poor field management.

Just because I hold stock, AND work in this industry for over 3 decades now, does not stop me from speaking as I see it, and as it stands this lot are barely better than the other companies Mirasol mentions.

""His most recent post was full of negativity about small AIM O&G companies ""

Ocelot, You say it is full of negativity, that is not true, it is FULL of the ACTUAL REALITY, it is FACT on ALL of those companies he noted, and this shower is proving its self to be heading towards being the same ilk, if not already there.

It is not faceless posters on random forums that make or break companies SP/MC, it is their actions that take it down such a road, and |Angus treating shareholders as some placing or conversion cash cow to help cover their incompetence is why this shower is swimming in the default and "going concern" shark pool.

Skelly,

Best you go to specsavers and simply read the RNS, LIKE everyone else, sometimes it is BEST to wait until the info is out there before allowing your mouth/fingers to engage

Strange answer Ocelot, meaning none specific, WHY are you interested or care about the 60% of the board who are wholesale with their snouts buried in the trough ? THEY most certainly do not care about the retail sector, other than to use them to facilitate their next pre placing offload etc.

It is not like they share information or do retail any favours is it ?? any outcome will 100% ONLY be of primary benefit to them, ultimately they have all taken part in stripping the meat off the slbY carcass, to leave less than nothing for retail to pick on.

I think your reply was cleansed enough that no one can define your position, but it really half exposes the primary side of the table you are working from, and of course the wholesale mob will say they care about retail, why ?? because they have no one to work their stock into without us, and part why outfits like this keep throwing spurious info out there that has more hole in it than the Titanic, but enough to give a sense of hope and keep folk hanging for what near always disappoints.

""Thank you, Mirasol. You are right, I am on the side of shareholders""

Can you be MORE specific ?? on the side of RETAIL shareholders or on the side of the snouts in troughs Wholesale mobs, the Kemexon, Forum and Aleph types ??

Because no joe public retail folk really give a flying ferluk about the wholesale mob.

"Of the 5 members of the board, 3 have been appointed to ensure the interests of significant shareholders are represented on it: Kemexon, Forum and Aleph."

SOOOOOOOOO that's 60% of the board that are in it for themselves ONLY, and the other 40% don't give a shiete about retail because the other 60% of the board are the ones well and truly with their shouts in the trough, and effectively keep the lights on for that 40%.

That 60% are either stock growth investors or fast buck players, meaning they will provide funds and milk the shiete out of it in the process, along with much of that coming from secondary retail milking... They don't overly care about the current SP level, they already made their wonga from much of their actions.

ALL 5 will claim they are working in the interests of blahhh blahh this n that, borlocks, all of it,,, they are in it for themselves and themselves ONLY.