Member Info for Coldspy

Aren't we lucky. A whole team of guys shaml Beb 1meteor all here on a Sunday to help us out.

They don't hold shares. They're just here simply here out of a little kindness and charity

Truly heart warming to see

My thoughts are, if the company was going to debt 4 equity wipe out these dogs wouldn't be here.

We'd probably be pumping higher at 5p 6p 7p drawing in lots of retail. Then boom, suspended.

Instead there are 15 of them talking about it for weeks. It's not gonna happen. They don't tell you before they do it

That's about the 3rd time shaml has said the same thing in his pretend poor English

11.9 millions payable in September as well he thinks

Forgets to mention it's 2024 September. Not 2023

Only 6.5 million off then. Close

Excellent workings out. Good team you got there

Obviously highly skilled and intelligent. Shame you're a bunch of frauds.

Winnipeg is on watch

Haha frauds

Even before I got to the numbers as soon as I saw what he's doing (calculations) I knew it would be fraudulent

And so it was..

His gang members obviously agreeing with him unless he's writing to himself

Beb good work.

Nice to see they're on friendly nickname terms

Overtime on a weekend I hope.

Time and a half

The uncertainty around H2 production levels is no longer relevant seeing as it came in exactly within expected levels

You're very well versed on a share you don't hold though 😉

Shaml etc you won't be too happy about the final sentence here

Best not to read it maybe in case of sleepless nights

Going concern The financial statements of the Group are prepared on a going concern basis. In undertaking a going concern review, the Directors have given careful consideration to the Group’s financial projections prepared by management for the period to 31 March 2024 (the review period). The Directors have also considered significant known events beyond 31 March 2024. The projections reflect the Company’s best estimate of expenditures and receipts for the period. The Directors have reviewed management’s key assumptions on which these projections are based, including a downside price and other risking scenarios. The near-term cash forecasts are regularly updated and reviewed to enable continuous monitoring and management of the Group’s cash flow and liquidity risk. The forecasts indicate that, including the expectation that the Company can amend capital commitments under some of its licences and taking into account other cost saving and capital management initiatives, the Group has sufficient capital resources for a period of 12 months from the date of approval of this annual report. The Group’s debt matures in September 2024 and the forecasts currently show that the Group plans to refinance its debt.

Mic drop 🎤

Wonder if #HBR might be interested in taking a look

No doubt they're already aware of us, our licensed and acreage and the potential 33rd Licensing too.

Deeko

Thank you for input

I agree with everything you say and have myself wondered if it is intentional thereby allowing someone in for cheap.

Before assets suddenly begin producing better once BH's are in control

I'm watching closely here for any hint of such actions. Appropriate response will follow if that is the case

Ongoing re-evaluation of tight gas assets

· Southwark re-evaluation continues; further technical and economic justification required for any return to A1 or A2 wells

· Nailsworth and Elland subsurface and deliverability to undergo further technical review over 2H2023 in light of Southwark A2 learnings

· Goddard due to be appraised by 31 March 2024 pursuant to licence terms and up to 50% has been offered for farm-out by the IOG-CalEnergy Resources (UK) Ltd joint venture

Gas prices strengthening sharply

77p therm

Thank you SQZ

Will produce cyclically from H1 and also Elgood

Need to add condensate in

75p therm today but curve should see next 6 months averaging around 100p with peaks in Jan and Feb in the high 100s maybe even 200p.

Asia is planning to keep stocks at high levels due to last year's issues with supply.

Last figure given for opex was £0.24 but they have since told us due to cost cutting measures and the very considerable cost reduction due to no water that figure will be lower.

So probably closer to £0.20

As we approach higher gas prices the % royalty will drop. Leaving more cash for IOG

Farm-in for Goddard could be a lump of cash.

Any tax/vat refunds due for drilling costs or only tax losses?

Patience

Last 2 weeks

Next news and half of these accounts will disappear. You won't hear from them again until they pop up on another board somewhere as part of a short attack.

RNS tells us everything we need to know. And everything posted on these boards and elsewhere is simply rumour and lies spread by a certain group of individuals.

There's no water in H2. We know that.

There's no emergency situation that means IOG need to give away all the assets to BH's for bonds maturing in September 2024

We have £20m cash and will likely generate a further £60-90m to IOG in the next 14 months

The Bonds were always going to be refinanced. It's in the Accounts if you look closely.

In am interview Rupert N said even if he had the cash he wouldn't pay off the Bonds but would refinance it to keep hold of cash and build the company up and look at paying a dividend too.

We shall see what happens. I'd be surprised if they've managed to complete what they're doing for now, however am interim update to steady the ship would be welcome.

No doubt in my mind Directors would be buying up down here if they weren't in locked period.

Rupert holding is worth £5 million at £100m mcap. Wouldn't take much to get there. Just sort the Bonds long term and gas at 100p per therm by September and we can be there

2.84p is just some delayed trade from the morning. Doesn't mean anything. Google finance and others sometimes pick this up as the final trade of the day.

It closed at 2.45p

Https://www.shlegal.com/news/hurricane-energy-restructuring-refusal-an-ill-wind-blowing-for-bondholders

RNS in the morning

Strap in boys and girls

We going on a ride

Sorry I wrote it wrong.

The climate emergency is a scam. Climate change is real. It is changing. It always has changed since the beginning of time

The temperatures splashed across the TV screen about 'Scorching' temperatures is BS. It's been that hot my whole life

Just because you colour the screen in different shades of fire red doesn't mean it's hotter than last year

The entire climate change narrative is a scam and if you believe any of the nonsense or drive an electric car to save the planet you're an idiot.

Any ideas what a Goddard farmout could look like.

Drill costs plus some cash up front