Member Info for doubleup

Resolution 5
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 500,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the Annual General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after this authority expires and the Directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

Resolution 6
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 1,250,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the Annual General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after this authority expires and the Directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

Resolution 1
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 4,000,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after this authority expires and the Directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

Resolution 11
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 1,500,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the Annual General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months

Resolution 5
Resolution 5 authorises the directors to exercise all of the powers of the Company to allot shares of an aggregate of up to 3,000,000,000 ordinary shares of no par value (in addition to the ordinary shares in issue at the date of the Annual General Meeting), being the Second Tranche of the Placing. This authority is to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require ordinary shares to be allotted after this authority expires and the directors may allot ordinary shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

Miker, little heads up.....

Here is where the company really looks you, they have just announced the age, look at resolution 5 as below, this is a carbon copy of what they always do.

Resolution 5
To appoint Lubbock Fine as Auditor of the Company to hold office from the conclusion of the meeting to the conclusion of the next meeting at which the accounts are laid before the Company.
To authorise the Directors to determine the remuneration of Lubbock Fine as Auditor of the Company.
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot up to an aggregate of 1,000,000,000 Ordinary Shares of no par value (in addition to the Ordinary Shares in issue at the date of the Annual General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after this authority expires and the Directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

1BILLION SHARES BOYS AND GIRLS AND THIS IS NOT THE FIRST TIME THEIS HAS HAPPEND!

exciting times ahead as some would say

Workover progress



The workover of BTN14 has completed. The workover encountered a larger than expected amount of scale which necessitated a mechanical clean out of the well, acidization of the wellbore and perforations which extended the workover beyond the originally expected timetable. BTN 14 is currently producing at an average production rate for October of 24.7 bopd.



The workover on BTN01 encountered a 11-metre column of scale which necessitated a mechanical clean out of the well and acidization of the wellbore and perforations similar to the work carried out on BTN14. The well has been re-instated with a larger water injection pump and is currently producing at an average production rate for October of 36.6 bopd.



The BTN14 is currently producing at an average production rate for October of 38.8 bopd.

So what is BTN14 producing? 24.7 or 38.8? Even the company dont know lol

Miker, I feel for you my man but a little is better then nothing.

I do honestly wish you all the best but these guys are toxic.

Mike,

All im saying mate is your gonna get fooked again. Big big red flag is the directors will not but shares and Simon has 5million only of his own company, not even 10K, Dr Rob Arnott has 0 shares.......... And you live in hope that something may come. of Indonesia if buts and maybe. if they produce a low bopd over the 70 say 50 more that gives the directors a steady income (paying back they got from investors in the first place) for their retirement. Open your eyes man

Miker u are wrong, it doesn't matter how many barrels over 70 they get, they still only get back the 500k invested. It only changes how quickly they get it back. Its a zero profit deal of which only the directors benefit if it comes off, they gambled with investors money to hopefully get some money for themselves...... can you not see the wood through the trees. This is not an investable company hence why Simon only has 2million shares, even he knows investing will see little if any returns.

Lol

You dont get it...

As always the company claim to not be taking any funds but they do, they take indirectly as per below -

259K spent on "professional fees"
162k spent on admin
152k on "office"
85k on "travel"

$152,000 on Office, that's $12.5k per month on a serviced office lol look back through previous.

So if all works out to its best ADL started with 500k and after all this effort will have 500K... great business

Same old, directors say taking no money but ....

259K spent on "professional fees"
162k spent on admin
152k on "office"
85k on "travel"

they never change lol

and also if you look Greg ..... no income from anything, I though the company were eagling today, tomorrow and so on and so on lol

Hows the exciting times coming along???

Let me guess this time next year Rodney.......lol

No point in telling them anymore tbh, they want to invest they came suffer the fate

You are off your head and they have you right where they want you lol

Miker again explain to me how much more money do the company receive from 71 bopd to 200 bopd ??

Do they get more or just their investment back ?

Im sorry but you guys make me crack up lololololol,

Better volume in here today