Member Info for Desmond45

Are they showing the presentation live on vox?

Whojamaflip - they are either A) taking the michael Or B) have something extraordinary lined up. I’m happy to give them the benefit of the doubt one last time.

Yep. Which 1% of people are doing here by perpetual rampathons coupled with pip trading.

RNS stated they were looking forward to updating the market. Surely they wouldn’t look forward to updating us on a duster? Roll on the news :-) even so, if it a duster it will be a good opportunity to top up heavily prior to WH.

SoA are reluctant to pay us out what we are owed, god knows when and if we will receive it, meanwhile DW is coming for a presentation boosting the yearly expense bill over a million dollars, although I believe there may be a positive bit of news announced prior to it. Anyway DW has always been prudent and I can’t imagine he would risk the future disposable income for 88e coming purely off the back of the winx drill at 25% CoS.. As some posters said earlier maybe he will announce a farm out, but that seems highly unlikely based on the diagram in the presentation which indicates that conventional farm out won’t be complete til just before the end of Q4. The real reason he is coming IMO is to boost the SP so that that next batch of options at 1.6p will be converted in November to tide us over, Or alternatively boost it enough to add another half a billion shares. Hope I’m wrong and there is an ‘earth shattering’ RNS in the next few days. The presentation seems to highlight all timescales for our current projects though, so what could it be? Perhaps entering a non disclosure agreement? Now that would be nice. Still, if you don’t buy a ticket you won’t win the raffle :-) Good luck to all holders.

So are we drilling 7 exploration wells in Q1 or have I misread the timeline?

Jiddy this is how that conversation will go;

“Dave, what’s the status of the FO situation at the moment cos all we private investors are really ticked off at hearing the phrase ‘farm out process commenced’. This phrase could mean we are only 0.1% of the way towards a deal e.g when he said it in the RNS immediately after IW2 failure?”

“We don’t comment on this type of thing and that’s widely known”
Or
“That’s price sensitive information I can’t answer that”

How many days remain untill the 70 day target is reached?

Got a good feeling here. Would be more concerned if info was leaking and chunky sells we’re sneaking through. Good luck peeps in for WH but SL could be nice to get the ball rolling.

The problem is that talk is cheap. That presentation could stipulate we have a trillion barrels of oil, but until there is a watertight plan to get it out of the ground effectively we are going sideways with the odd pip here and there.

O dear

Let’s get a farm out announced tomorrow morning. Here’s hoping - GLA

I said all the best at the end of the post.. wishing you a speedy recovery!

I’m not Jiddys personal assistant nor do I have access to his/her NHS records. I occasionally see posts when logged in and out between browsers. Berates others for lack of attendance whom may have a plethora of reasons for non attendance themselves. Different horses for different courses. Enjoy the presentation anyway I’m sure all will be revealed soon after. ATB :-)

Mike I believe I do raise interesting points regarding the progress of the company, hence why my recent posts have been receiving double the amount recommendations when compared with your daily dross and other posters have agreed with my thoughts. There is absolutely no point in travelling to the presentation from the other side of the country in my opinion for a regurgitation of the last Q&A to attract investors for the next cap raise. The question which I proposed at the last Q&A was swiftly ignored by DW as “they don’t comment on that type of thing” (only write it in their presentations) I’m only interested in RNS worthy news, Which I why I will sit patiently for however long it takes to see a satisfactory ROI. It’s perfectly acceptable for a disgruntled PI to scrutinise the actions of the board in a public discussion platform, if they say one thing and do another, contrary to however many lemmings on this forum tell me to sell up and move on. It’s like telling a football fan to sell their season ticket because they disagree with the way the team is playing, despite being entitled to their opinion as an investor in the club.

MIkemike = the most sanctimonious poster on this BB. A The team employed to design the frac did not recommend a vertical (so they recommended a horizontal) – that was largely driven by Paul due to the uncertainty we had about the upper HRZ (88 agreed with Paul on this – in hindsight we probably would have made a different decision). That’s right, DW laying the blame on the guy who is no longer around (RIP PB god bless you mate). DW and his emotive spin doctor language as per usual. So they (collectively) did the opposite to what the frac team recommended and took the cheap option, blew it and wasted millions of pounds of investors money and a hell of a lot of time. Brilliant. Ultimately it all comes down to cost - and the huge CR could have easily financed a horizontal drill on our primary target, and instead we are now reliant on third party entities to deliver our goal when we could have financed it ourselves. That is poor management, why do people have to start calling conspiracy etc it just illustrates a lack of intelligence to be brutally honest. Anyways I’m done here for the foreseeable future (maybe a part time ramping sabbatical like Jiddy LOL) - censored toxic BB with ultra rampers on the board 24/7 with numerous monikers, reading between the lines and going backwards.

Brom - I cannot possibly know the reason behind choosing V instead of H? Actually I can, they made a decision to drill horizontally, and then reversed it to drill vertically taking the cheap option whilst spreading our limited finance thinly over a series of projects (derived from a massive capital raise) which have no chance of being realised for numerous years meanwhile riding the gravy train with exorbitant salaries, taking a year between two miserable efforts (why not continue flowing FF off the formation of 30% was the target??) whilst taking a ridiculous salary in addition to a million pounds in expenses. This is a matter of fact. All myself and the vast majority of shareholders want is for the board to take some accretive action and create value for shareholders. Remember DWs exact words were that 2018 was a pivotal time for shareholder value to be realised and since he said that the share has lost the best part of 50%. Yes I know where the sell button is and nobody forced anyone to press the buy button blah blah blah nobody gives a damn the likes of mikemike haven’t got a clue. overall it’s taking the absolute ****. There are many deluded rampers on this BB we are all here to make money at the end of the day...

Brom.
“Changing the design doesn't actually change any of that. What it does is increases the potential to maximize the flow rate”

So changing from horizontal to vertical increased our potential to flow at maximum rate? Did it really? But now vertical has failed we are pursuing horizontal as that’s the optimum way to drill with more chance of success? Raised an outrageous amount of capital this year and we still can’t afford to drill a horizontal as the money has been blitzed elsewhere? OK

Reaper - I can confirm the SP is currently dead. Would you not agree?

Cd66, what planet are you on. Obviously a paid ramper. DW could take a dump in your cereal tomorrow and you’d be on here telling us all it’s a necessary evil. FML