Member Info for doubleup

With a max plausible find of 1.8mmbbls from 3mtr net pay zone, 2 further appraisal drills and cost of any production well topping 60-65m cash its not commercial

Have some realism :)

So what are they going to do with all this oil they have? Or does it need an appraisal ?? How much do you think the company pocketed on the colter drill?? Needed approx £200k for the side track and they raise £1million ?? Why raise so much and dilute shareholders? Hmmmm

Look at the chart, look at the history of the company. That says it all. To get the company back to when they had their first placing with ipp etc the company would need to 250 bag. But hay ignore that the ceo of whom just has a failed drill have said it’s still good yet have done nothing on it....

So what are you investing in here? A company with directors of whom have failed with everything they have done. A cash position of which no one knows, company has a history of paying large odd consultancy fee’s to company’s they will never disclose. I’m all up for pros and cons so please help me out, and there is no 15mmb if commercial oil, anyone with half a brain can see that. Actions speak louder than words

FB- prior to placing people on here were saying the company had £800k left, after a £1mill placing and spending a non advertised amount on the side drill how can you assume the company still has £800k? Basically no one apart from the company know what the cash position is. There is no risk v reward play here currently as company has x amount they will burn through against no potential income.

Go through adl rns’s and Listen to what the bod have said..... then look at the sp compared to what they have pocketed and that will give you a clearer picture

Haha you’re either stupid or a ramper, look at the last 2 things people have said here, let’s speak on Monday afternoon lol

Boom i wish you all the best.

We had our battles but never good to see fellow PI lose money, no matter how big or small.

GL in what ever you do sir.

How do you estimate 15mmbbl from 3m net pay using basic LWD tools??

RAMP RAMP RAMP RAMP RAMP RAMP RAMP..........................

How do you estimate 15mmbbl from 3m net pay using basic LWD tools??

Let me guess, the company told me so. haha

Please refer to garyn post. Have a nice day all. Some in here know what this companies business plan is and always will be, others will try and use it to their advantage to sucker people in. Atb

Ok mate, ramp away for your trade. I’ve been called a doom sayer / de tamper for the last I don’t know how long. I show facts about the company and how they operate and have been proven correct all along. Do I take satisfaction of people losing money , not 1 bit. Just feel people should know what they are getting involved in with this company. But you carry on calculating what they haven’t got.

No it’s a board to discuss the company both good and bad, So who’s going to pay for the appraisal of the 15mill?

Angry no, I state facts not fiction :)

Anyone notice new names popping up here now trying to give credibility to the company and what they have...... hmmmm. Same old same old

Only just starting to wonder???

The 15mill would need to be appraised etc etc etc then maybe wireline loggings to determine the actual size and if commercial. This colter drill was a farce, dip you finger in the bucket of water and tell me how much is in there! Look at RMP, found oil then doing additional wireline loggins. Why was this never the case for colter, what would they find out on 1 appraisal drill? It stinks

£6.5million they have raise, go through the accounts and see actually how much they have legitamitly spent......

There’s a trade here, people making 10%