Member Info for Bubblepoint

""Didn’t you see the updates on the acquisition Mirasol?""

Well the REALITY is that this shower of sheite hasn't put ANYTHING out there that is worth more than the bog paper it is written on, THUS why this shower is suspended and technically DEFAULTED due to having nowt to show after 24 months of production and a 12 month grace period within that, seeing a total of £37.1 MILLION turn to next to nowt !!!

They tried to camouflage it all under some RTO carp, but soon found that they were messing with the wrong creditors and here we are today, sitting in a sinkhole of debt and STILL suspended without a driver at the wheel..................

""completely new financial landscape and outlook. 1p is probably pessimistic tbh.""

More like a completely new financial LANDslide, AND you will EVENTUALLY see 1p, but only AFTER a mass consolidation PMSL...........................

""It will open above 1p for sure.""

Ermmmmmmm how exactly ? it is UNDER 1/4 of a penny at suspension, and the details for the default correction deal are likely to be painful, AND you say you agree there will be a placing for some rainbow chasing stuff !! HOW are they going to get a placing away at 300% ABOVE the suspension price ?? lolol

UNLESS it is a Ocelot bosses market special deal,, you know the sort !!! as was with UKOG lol

Also, HOW do you know how much they have in the bank ?? they have not told us the creative numbers for the cost of this ermmm "workover program" lolol and the general Opex costs since suspension, which in my book were a staggering £1.4 Million per month....

""So what share price are people expecting to see when we get trading again?""

Ask Oce if his bosses city mob are in cahoots with this shower for working one of them ermmmmmmmmm massively overpriced out of suspension placings, which is GREAT if you "read" into it correctly and take advantage of the ermmmmm situation, which is then followed by a strangely VERY low priced tiny placing a week or two later (the nailed on drop) to close a much bigger short !!

And watch as all the retail mugg in's wonder "what the h£ll" while note poster continues spamming with all the tosh he can scrape out of the media gutter.

""The new hedges and better production are evidence of this.""

Sageman, it is not better production, it is "recovered" production, they are still not even close to what was stated as expected production, and the fact production had basically fallen off a cliff DUE to liquids, meant they did not have a choice, it had to be worked over, and it will need more and more of this kind of operation to stave off natural decline and continuously increasing liquids induction to the well and near wellbore reservoir.

The hedges, yes great, again it was logical to pin them when they could to at least guarantee some short term upside driven from the effects of war, though would you ALL be thanking them if it was double or triple what it is today (as happened before) ?

You say well done, I say they had ZERO choice, they either do what they did on both fronts or start locking the gates.

Welks,#

Personally I could not give a flyin ferluk if you believe me or not, on this faceless forum of keyboard warriors, I know what I do, and I KNOW it has stood me VERY well over the years when trading these minnows.

Sageman, The information will be revealed soon enough, and the dire financial situation will get it's sticking plaster, the sinkhole of Defaulted debt is still a sinkhole of Defaulted debt, they spent most of their time with creative accounting, so no, I don't buy into your point at all.

The result will continue the same, totally undermined, revenue will cover heavy debt restructuring and basic Opex, and nowt else. Anything else will almost certainly come from confetti production and a couple of rainbow chasing sentences for you lot to hang you new found hopes on..........

""Don't you think the war is establishing a new normal?""

Well it suits your paid reasons to be posting here Oce, and the market simply loves such events, as it is when most monies are made up & down.

But only folk obsessed with this being some kind of miracle saviour for this shower, seem to be happy for the death & destruction to continue.

And Welks, as usual contributes nowt and hopes he gets Tesco up tick vouchers for commenting on little old me lol... I AM up at WORK IN THE INDUSTRY, thanks...... You need to focus on defaulted sinkhole of det that somehow needs filling, its one of them that you just keep tipping more loads in but they simply make little to no difference !!

""This covered the period of low gas prices etc""

Ehhhhhhhhh !! you mean, NORMAL, TYPICAL, prices, as opsosed to massively over inflated war and market gameplay generated prices

... Underlying this is a great business ...

For your bosses and the creditors !!! it's pants for retail, probably you should remove the "under" from the first word,,,

Ahhhh Malcy the FREE lunch pen pusher.... usual pumpy blurb lol,,, hardly difficult to write such regurgitated carp !!!

PMSL SR, the accounts SAY it all, you can label whatever I say with whatever you want, BUT it will not change the eventual outcome.

And it isn't always about past, rear view mirror blurbb, it tells its own story, and the traits of an outfit like this are spelt out within it.

As said, TOTALLY UNDERMINED, and working for Trafigura for the remaining drainage of the depleted field.

""Overall it just feels like a company that’s moved out of the messy phase and into something a bit more stable.""

THEY did, they went into suspension using a lame RTO story and then the REALITY of the DEFAULT came into the forefront and Ohhh yeah continue under suspension while we ermm beg our creditors for forgiveness and a revised deal, YOU cannot get more stable than SUSPENSION....

THE thing is Oce, YOU can copy/paste ALL you WANT,,,, BUT the reality is technically they DEFAULTED,...

Anyway. how much do they pay you per post to mostly just copy/paste the carp that is written and mostly hiding the REALITY ??

It doesn't matter how many pom pom's you throw at it, they UNDERMINED this asset a long time ago, and then DEFAULTED on their generous creditors, AND printed about 4.5 BILLION shares to get there as well as all the financing provided.

It reads GRIM I tell theeeeeee Grimmmmmmmmmmmmmmmmm

The silence is deafening on here this morning. Any idea where onetomanys cash pile went?

SSSSShhhhhhhhhhhhhhhhhhhhhhhhh if you don't mention it then it isn't an issue !!!

In fill wells lolol,,, rightooooo if their ermmm "technical" skills used on that tiny little sidetrack that only managed to reach 1/3rd the horizontal distance, took longer to drill than an Ultra deep, deep water well from scratch, and cost a kings ransom in the process, leaves much to be concerned about, meaning allowing this shower to do anything other than print confetti is a liability !! AND then they might go do all that on borrowed monies and find non commercial gas.. been plenty done here before that demonstrated JUST that !!!

Weird that Muggin's

THAT is exactly what you said only a few days ago "holding up nicely at 135 !!!!!!!!!! PMSLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

UNDERMINED.

Yes it will almost certainly continue as producer, at the "mercy" of the creditors, and pretty much to ensure they get their monies from this, AND they will be likely monitored extremely closely after DEFAULTING after such generous terms and grace period was given.

Other than that, nowt new really, they will likely borrow more, they will likely provide rainbow plans and associated placings to boot. but it will all pretty much result in Net "enough to just keep the lights on and the hobnob cupboard full" anything more is WISHFUL thinking

PMSL,,, YOU stick to your market bias copy/paste world, that's what they pay you to do,, isn't it ?? lol

I will stick to the reality stuff, which is far far different to the pom pom waiving fluffy carp !!!

are you really that stupid ??

of course they need success off their own merits, at prices that are realistic and the norm, not some bonus months because of something 1000's of miles away.

it would be like going to the bank for a mortgage and only showing them your xmas pay with bonuses month, when in reality you take home less than half that amount monthly, meaning if they lend based on the fluffy stuff then your going to be in the ****e pit faster than you can blink.

they burned their primary bridge to success from the outset at slby, for all the reasons said 1000 times, and that left it barely able to run at breakeven, right up to suspension without any debt payment. even with the luck of some added profits from war and the gain in production from this sticking plaster workover, it still is not enough to give retail an uplift.....

so go ahead oce, rattle the numbers based on war, good luck with that !!! pmsllllllllll that is not reality or the norm.................

As SAID Rp, on its OWN MERITS, not some luck due to war, and as said, it remains fully undermined, I await the ermm agreement for want of a better word, and then the rainbow chasing blurb, followed by a hefty placing for the usual !!!