Member Info for cperkin

So last week WRL posters posting all over the AEX board and today all over the SOLO board, something wrong with you lot I would say, not confident enough in your own share that you have to try and dish others?

Ah hello Mick or High Yield or whatever attention seeking monocle it is you like to use when posting all over other BB that you are not invested in As you said, the deal is between you and BD, nothing to do with me so good luck. Yes high risk WRL - if payments late then another placing to keep the lights on to pay the bods wages or if no farm out then WRL lose their licence area.....very high risk I would say. No need for name calling Mick, very childish of you.

Anyone thinking of buying into this share should look very carefully @ the post history of those involved and wonder if there is something seriously wrong with only the posters or the company as well?

Remember WRL had to do a placing recently just to pay the Bod's wages and keep the lights on, guess with the debt repayments they came close to GOING BUST, if there are any more delays with payments it could be lights out for good! As for any farm out, why farm in when you can wait for them to be in a little more distress or go bust and pick the assets up for a song ;)

I understand what's in the public domain JJ, it's not that complicated, like I say a small free carry for me and a very minor part of my PF -Lets face it, never mind the short term issues, there are a lot of holes to drill and wells with very low flow rates. I like onshore gas wells that flow at 30mmscfd or more myself, not 1 to 8 mmscfd

Good luck with your "Share of the Century" JJ - As for AST it does not belong to me, I only have a small free carry riding over there, but I am sure it will have a little ride North on pipeline cert......when it comes that is and good luck to the shareholders there I would say.

Looks more like the JJ&J club right now ;)

Hello wow, I seem to remember a certain TWIS being given a run for his money.......Same mo this time round.

Indeed Riski and I was accused of being a shorter here yesterday.....Still nothing compared with the issues for the real holders. I hope no one was burnt badly and all the best.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ENTU&ArticleCode=gi2f9fxf&ArticleHeadline=Suspension_of_Trading_on_AIM

They will still be loss making and if they get funding and that's a big if. From the RNS "The Board repeats that all of the proposals received attribute little value to the equity in the Company." "If  the current discussions are successful, the Board expects the Group to see a further increase in its level of indebtedness as new working capital is made available to the business. If current discussions are unsuccessful, it is likely that the parent company will be placed into administration"

33% chance of success how do you work that out? It is cling on and survive with increased debt whilst still loss making or bust......

And if you have evidence of someone shorting it which is highly unlikely of course, then I guess it tells you all you need to know about the stock........................

Oh and for the record, I am not shorting this stock and neither am I invested, since I would not touch it with a barge pole either way.

Note that loss is before interest, tax and exceptional items etc so probably a significantly higher loss.

Nope it says a full year loss. As stated at the time of the half year results, the Group still expects the full-year loss before interest, tax, depreciation and amortisation on continuing operations, before exceptional items, to be in the range of £1.2m-£2.2m.

The details of the RNS - so here they are again. No boom, just more debt if the funding is even successful. If one of the currently preferred proposals is successful, the Board expects the Group to see a further increase in its level of indebtedness as creditors are brought back into line with normal payment terms. The Board notes that all of the proposals received attribute little value to the equity in the Company. There is no certainty that any of these proposals, or any alternatives, will be ultimately successful.

Wentworth Resources Wentworth has announced this morning that a farm-out at Tembo-1 in Northern Mozambique is underway. P50 gas of 1.7 TCF and oil of 219 mmbbls prospective resources are encouraging as is the fact that payments for Mnazi Bay gas are coming through. A slow burner this one as finances are a bit stretched but I remain a believer for the longer term http://www.malcysblog.com/

Likewise CP, positive indeed, will certainly be interesting to see how the farm out progresses GL

Dilution & placing to pay the bod and keep the lights on, meantime there is a massive mountain of debt and no drill programme or expansion in 2017 - so no news till 2018, that's a long time for the SP to drift downwards Will wait for 2018 when the sp is sub 20p, maybe 10pish and see if the situation has improved. GLA