Member Info for Cocobeans

Suggest you read the rns before where they said that the Sofori rig long lead items will be compatable with Predator, this was way back when they purchased the rig, then it was we are still waiting on items for 8 weeks from 1st august

so its not nonsense, look i know you want to flip you placing shares and keep jumping on anything i say, but at this stage the company has not delivered for SHAREHOLDERS! they secured their own future salaries and whether TAI is a success or not, they will still be in their seats with no exposure to the success other than their free options

the biggest question is the zero comms on the second drill- we dont know if they have all teh equipment for this or not, the turnaround is tight and now means we cannot fully test tai, if they miss this second drill, their BS $4M saving agenda, goes up in smoke, they have to then burn all the money in the wet season and we are back to square one

if lorna says they have everything in place for drill 2 - ill have more confidence, but pictures of her pretending to operate a rig isnt PR, its instagram at best

Until we hear anything BUT that wont matter as the market will show us the way here

HE1 is a leaky ship, i expect a spike next week as its anticipates HE initial shows, then the share price will do the talking

in meantime, the price should rise in anticipation of a spike

OUT

My point being we have clear issues with LLI as they have taken months, have we ordered enough for a second well or are we going to have the same issue?

Hence Lorna should front this situation so we actually know whats the process, the rig has been sitting there and we have literally wasted weeks on waiting around for people and equipment

two options to this

- poor planning again

- this is all orchestrated around NHE for some reason that i still cannot understand- unless its something to do with sharing cost with the collab agreement

BUT once again we have no idea as teh company keeps us in the dark!

If we have had issues with LLI items as it’s been over 8 weeks plus they actually stated previously that they had ordered LLI with the other rig that was compatible.

Then any thoughts on what’s going to happen with the LLI they need for the second well?

They ordered the LLI for Tai prior to confirming the second drill?

This is why the company should communicate!

Due pleasae?

‘Continuing to arrive’ so not quite ready to spud yet, reckon spud late next week. No idea who they are continuing to wait for but at least we know they aren’t quite ready yet. Next week appears to be the week!

Maybe Lorna will come out of hiding once spud happens

There is nothing new to talk about and in the meantime, as the company raised funds at the worst time, we have a few de-risking lower than we would have all liked

ultimately, the company has made bad decisions, specifically calling our crews and LLI as a positive (on their way) and then not informing us if they have arrived etc whatever the counter argument to that is, they highlighted them and now went silent at a time they needed to create excitement

MAINLY because they raised at the sub optimal time and we need buyers for this price to move, at a time where most retail want to de-risk.

the play now is probably to hope NHE or HE1 get some exciting early shows, and one of them, more likely NHE get excited to create volume to break this trading range and to allow for de-risking during drill. nobody will wnat to be 100% invested for results, that is never a smart plan! regardless of what you tell yourselves

all i care about is the price of the share being higher than my average, and thats all anyone should care about, making money! the thing of seeing this through to the end is a fantasy based on a poor entry level.

the geology is strong, there is no denying that, but the people in charge are not commercial or market friendly and in investing in AIM thats unfortuntely counts for alot

for now we can only hope they can get TAI spudded on time and drill it safely without any delays or issues in drilling, that way we secure the second drill, if not we are back to a binary bet and the biggest issue after that is a 6month delay where they will burn all of the cash raised for the second drill !

its not the company should do what retail ask, the company should want to keep us updated at this stage and all is required is a tweet, their reluctance to do that is rather telling!

He1 board only deal in free warrants and options!

maybe its a sign of their pass success that they dont have the actual money to back themselves!

low blow i know, just fed up with the daily commentary being the same and HE1 not listening

How undervalued this is, its always had a funny relationship with the market

At some point the group gets bought as consolidation remains the theme in the gambling industry

its one you buy and whether it be 1-2-3-4-5 years you know you will make money

SIPP and ISA purchase

HE1 would communite to stop me asking and for us to all guess

if LLI and crew are on site- then why not just say it given they made a massive deal of highlighting them in intverviews and rns

if they never mentioned them then this wouldnt be talked about

Nt to buy here

there isnt the volume on the sell side to suggest massive sell orders are being worked, so it just requires a bit of buy side volume here

this appears the level until something sparks into action!

primary bid and majority of placing already flipped, buyers are a little exhausted in size as volume shows

so need something to get us going!

Lorna gets paid £120k a year and was just given £600k of free options

come on, thats very different from getting £10k a year from a shared share incentive scheme

especially when the CEO has delivered anything- the shareprice is less than when it was when we didnt havent a rig or drill date!

im all up for incentives, no problem with that, but there is a time and a place and that isnt two weeks before a drill!

maybe she knows she cant issue any of this after the event!

The warrants and the options are free bets for them literally, therefore they dont actualy need to touch them, they will get them anyway, its not like they even need to get their house in order IF they are truly confident of success

to me doing this earlier before a drill, is just giving the people linked to the company an option to sell, which isnt fair on the rest of us, as we have all BOUGHT AND PAID for our stock

thats the different, they are having free bets and we arent

if this a failure, we all loose money, they dont, they get paid for failure and have secured their jobs by the over egged placing that didnt really need to happen, as they could have done the cash box straight away on drill results

anyway, we all see if differently and i believe that their will be a spike but im totally unhappy with Lorna, who is showing she is out of her depth as a CEO not geologist and we needed someone more commercial on the build up to the drill

the shareprice is doing the talking here anyway!

they have made this extremely hard work by remaining silent and just random board shuffles and incentives, which frankly could wait

feels more like they are in protection mode than anything else

Direct management are now inside until the drill results imo- they know too much that is going on

BUT the biggest holder of warrants are David and Ian and as they are no longer part of the company, they can do what they want and will no doubt be kept up to date

same old HE1 and im annoyed at the placing, the lack of comms after the placing about this second drill and the endless amount of options and warrants former insiders have been given

looks like they are simply looing after their mates

Companies appears to be too focused on insiders getting their chunk of the pie rather than delivering to us shareholders

you could argue that they want to exercise all these shares on a success case, but there would be loads of time to do that once the well is successful and on takes days!

for me im getting a little sick of Lorna approach here

Ian left and we still dont know why, options were then exercised immediately, then they gift themselves hundreds and thousands of stock, make this new guy a board member and then block dilute us all with more insider stock,

why dont they actually deliver the bloody drill, then on a success case they can have whatever they want, if they fail, well the options, the warrants are all meaningless

i know people are protecting their positions, but even the most optimistic must be getting a little frustrated that they are focused on board seats, not spud dates at this time

super odd timing and all very frustrating and its simply not required at this stage to cause people like me to be negative

starting to feel like they dont want this price to actually go up FFS

Super annoyed as they have killed momentum at every corner, should have been the easiest drill run up there was on AIM and they completely ballsd it up!

Day in a red market, the positive is no delayed sells that i can see so maybe it was just market sentiment and no longer placing shares holding us back

believe most of the placing has been washed through, now we just need consistent buying to test that theory

hopefully a blue market day will help HE1 given the lack of company promotion (LOL)

ultimately, i expected more from the company, why? well Lorna said in several interviews we should expect more, and by that i mean PR, more interviews, insight etc etc

clearly she just doesnt feel comfortable with that, so be it, i wont raise it again but AIM is all about sentiment, its hardly ever about the end result, something about journey and arrival

anyway, ive said my (de-ramping piece) about that and wont refer back to it again

lets see if they spud next week now!

This question mark over the LLI and crew is what i raised last week before I was accused of doing an ramping uturn

once again the company can just simply update us via a tweet but choose not to

they should be on site by now

company need to help us retail holders out a bit, given they said they would several times but then never do

Because once drill 2 finishes, end of Nov, they need to de-mob and transport the rig off site to a secure location during wet season.

So although, they maybe able to drill if the season starts early, they still need to get everyone off site and leave the site in line with local requirements

So the roads need to be able to carry 17 tonne of weight out off the drill site up wherever they are laying the rig down

If they go appraised, they will only be able to do that at TAI as they won’t be enough prep time before wet season starts in order to deliver a safe drill for the crew

Let’s see what happens at Tai first, as I still believe if they hit success there, their plans might change.

Additionally we need to ensure it’s drilled on time, as the second drill is tight in terms of de-mob and getting crew safely from site after IF tai has any delays. Which is an unknown!

We just need success at Tai for all us to be in the money then that de-risks everyone’s position from these levels!

😂