Member Info for Desmond45

Good spot Brombard. So they’re adding more shares in August at 1.2p and then more shares in November at 1.6p. And over the next 3 years over 320 million shares? And the biggest owner of shares internally is DW who is 20th on the list and has less than 1% total shares?

Reaper007. In what way was it an excellent RNS?

No misinformation here, my point was that we are missing PBs skill set. I know the wiki inside out and most of the fine details of our operation as well as O&G in general. Misinterpret my point all you like - Valuable posting time? That’s funny coming from the guy with over 3k posts. Enjoy your holiday in Neptune with all the other nonsense posters on here. The likes of whojamaflip who said I spoke drivel when I said IW2 would be shut in (which it did) or like Jiddy who bangs on about our 6 million deal being equivalent to the CoP pikka/horseshoe area which is much more geologically favourable in respect to sequence stratigraphy, and attacks anyone who says otherwise. To all you novice investors who browse this B.B, I’d be very careful who you listen to on here, the ramp brigade with tens of millions of shares between them don’t want the boat rocked by any opposing views to theirs. But they’ll happily post the rig count and temperature of Alaska daily. Wear plenty of sun cream everyone, seems it’s already gone to most of your heads talking about sausages :-) xx

If you believe PBs only contribution to IW was spraying foam on the ground then I suggest you’re the ignorant one major. His evaluation of data gleaned after IW2 would’ve been invaluable. If it’s such a great buying opportunity why is the volume sub 10m with more sells than buys? Why aren’t people buying hefty amounts of shares? Talk about charge of the ramp brigade. If disgruntled holders such as DYOR want to voice their concerns, about a share that’s dropped from 3p to 1p in 2 months then Id have to say he/she is entitled to their opinion. This is a public BB for discussion, not a platform to attack anybody who has contrarian views to your own. Good day to one and all.

Brombard. How many shale plays has Erik pioneered in the same way PB did with the Eagle Ford? Believe it or not we are now missing one of the integral skill sets which made this project such an attractive investment in the first place. Lets just hope this farm out is good as people are anticipating.. No need for insults oil2play.

Brom - I am invested here, in fact I’m balls deep in this share. I’m not a businessman, im a geologist and bought in purely based on PB and his extraordinary reputation. With paul gone and Erik Op full time manager of the horseshow JV, I want to see one or more the projects undertaken with an orderly approach, as opposed to cash burn all over the place. If we werent SKINT already we would’ve probably bought some more jam tomorrow from this SALSA sale and gone through the motions again, 2D; 3D, FO commenced, Yawn. I don’t appreciate being called a naysayer for suggesting a CR is possible in the near future, when we will be strapped for cash in Q1/2 next year with payments due related to lease payments, seismic interpretations etc. Am I not correct in saying DW said there would be no more CRs at a investor meeting not so long ago, before a nice lovely placing at 2p? And everyone’s piece of the pie worth 10% odd less? There will undoubtedly be another CR at some point IMO and in a month later after DW collects his salary you and the rest will be saying how it’s prudent management. As always. As you have since TPET.

Dyor81 - Recent Q&A said consolidation would only happen if we were forced to or if it added value to do so later down the line (when in production etc)

I’d say people are reluctant to buy in currently as near term CR is possible after the 3D results lift the share price, so Dave can keep riding the gravy train for another year and we all await our jam. Or maybe a mega conventional farm out will materialise with enough up front dosh to fund the next 2 years of work delivering value to shareholders? Hmm I wonder

Have a day off then Darkelf :-)

Not sure if this has already been posted. Came across it on HC. Alaska’s plan to issue $1 billion in bonds to pay off oil and tax credits could be delayed by up to 18 months due to a lawsuit challenging its constitutionality. https://www.bondbuyer.com/news/alaska-oil-credit-bond-sale-halted-due-to-lawsuit

Cheers mike Q. Can you save me the left overs from all the lobster, caviar and champagne from the next staff do since I’m in the red and living on spaghetti hoops Joking aside some good questions on this B.B. today, I’m interested to see what DW reveals

Q. Can you confirm or deny there will be no further cash raises at the expense of shareholders and that further funding post IW2 / 3D will be from a farminee as stated in the last investor presentation, or have the goal posts been moved due to IW not providing a flow rate? Cheers

Not a shred of new info :(

Where’s this good news at davey. I’m gonna be ****ed off if it’s nothing but a rubbish quarterly showing we’ve got feck all cash left!

‘Dw, deliver or its over, thats it. How can you believe anything else??? The sp speaks for itself’ Have to agree with you there smiffy. Daves presentations have said post IW2 / 3D to be funded by farm out. A big CR would be the straw that broke the camels back.. jam tomorrow

“Drill, drill, drill. If you drill enough wells, you don’t have to understand the rock. You don’t have to understand the fluid mobility.” Sound.

My assertion was just based on wells willow and pikka/horseshoe being slap bang in the middle of the sandy foresets where the juicy accumulations are, with nice reflections on the seismic, as opposed to straddling the end of the foresets. Purely based on my experience of sequence stratigraphy. Glad the infrastructure is planned nearby hopefully we find something nice down there.

To be fair jiddy their well is in a far superior location geologically hence the price. IMO

From presentation ‘pikka and horseshoe discovery, there’s potential to delineate a 2.5 x 40 mile, 3 billion barrel field.’ Interesting. Precariously close to the end of the foresets though but no reason why it couldn’t be brimmed with oil. Put my mind (and wallet) at ease

Keep fighting the good fight F99. Green day today. It’s coming home!