Member Info for dougb189

I would wager that most peeps on a successful relist will take a well earned break & then after a short period will ask themselves ‘did i just get lucky, or could i do it again…’
And will then find themselves back at the coalface, again putting in all the hours doing all the background research.
Lol, funny old game, getting addicted to valium.

Would suspect mum., that AM is actually quite comfortable with the timelines;
There needs to be a delay for the flooding to take effect,
It stops Cuda from asking/further borrowing, with no Q1’s,
It puts AM in a similar boat as to the investors, unable to capitalise and progress on any possible hat-trick, which may then become quite pertinent once the relist is completed, allowing him some breathing space, perhaps even to gain & bank enough leverage prior to those next moves..
Fingers crossed, c’est l’vie xx

Look at the positives mum., If AM gets led any further up the garden path by the City of London where else might he list and where does the Forward PE sit highest ?

‘7000bopd from BFU & CC over 7 years is attainable’
(Out-with Federal Deep)

Somethings are worth waiting for x

Worth keeping an eye open throughout, shaa,
and watching how the market unfolds…

https://www.thebushveldperspective.com/blog/public-articles-1/post/auctions-uncrossing-trades-and-evidence-of-manipulation-291

AM’s always had serious skin in the game.
A heir too, who’s a chip off the old block.

May be able to extend one’s 10 year plan.

News as repeated every day for another half a century on the sports pages is expected to be the successful resurrection of our southern neighbours And on the business pages… of Copl’s successful resurrection ? AM scores a hat-trick ?!

ATomic BFU @ 1000bopd
& say, P/E = 16.98 (which was USA 2019 O&G average (pre-COVID)).

P = 1000 bopd x $50 after netback (guesstimate at WTI$75) x 360 = $18M
EPS = 18M ($) / 17B (OS) = $ 0.001058 EPS
From which, P/E x EPS gives the sp ($)
16.98 x 0.001058 = sp ($) 0.0179, at £1/$1.38 giving 1.30p…

I suspect the analysts will then utilise the CPR estimates
which increase from 1400 up to 5000bopd,
And Copl currently collecting 58% WI.

A lot though will hinge on AM’s miscible flooding results,
CPR figures of 5000 bopd
Or in-house figures c.7000bopd..

Hadron collected the best part of £40M in Q1 2021 from their £2M original investment in crypto’s ARB. For peeps to think they are only in for a quick 10% is simply naive.

AM’s style of red-neck management may be more suited to the US but does not go down too well on this side of the pond; easily be seen that Hadron were previously selling just enough shares from their 1.05B holding to then pay for their 525M 0.26p warrants.
Only after AM spooked the Xmas/January ii’s and all the LTH Pi’s did they start ‘aggressively’ off-loading and yet now sit comfortably with 813M, c.5% ?!

IF the £100k worth of warrants for Tennyson was the sole payment for the March £14M placing that then must rank very high as a good deal.

Not too fazed mum, by the prospect.
A quick listing in the US, once the dust has settled on Atomic? It’s doeable.
AM appears to have stepped up the tempo, re recent talks with lenders on a possible consolidation/reverse split of ‘between 10 &100’.
And as most Pi’s & possibly ii’s are generally fearing, that then leads to… further placings.
Not a bad thing in my book when creating further shareholder value & it could be that the clock on any further O&G acquisitions must surely be running down, especially now that we are sitting steadily at $75 WTI.

With the WTI almost outperforming Brent, It then shows where the keenest ii sentiment is currently located.

Will Hadron do as HFB thinks they might, ie cash in their 813M shares at c.1.5p and I’m not convinced. The previous numbers showed that they sold c.415M (from a total of 1.050B) at c.0.33p and then generated c.£1.36M which coincides with the funds that they needed to then purchase their 525M warrants at 0.26p. AM though then totally spooked the whole market when doing the unexpected £14M placing on the 9th March. Hadron imo were then hedging their investment.
AM’s history of misdirecting Pi’s and the ii’s will though have everyone on their toes.
Lol, as ever, fingers crossed.

Mum.,
You need to fill in the IRS form W8-BEN which can be done quite quickly online with HL when buying & selling any US stock.
ADS reciprocates that for American investors looking at buying/selling uk companies.

Hadron possibly acquired extra via warrants…

Showing yourself to be a wee bit slow there Joey.
You are totally misreading the statement.
Some of us enjoyed multiple ‘nibbles at <0.1p’
Hence why the pf is showing 442% increase on current holdings.
Kinda half hoping though that we relist closer to your estimated 0.8p, say at perhaps 1p, as i would quite happily see my 442% drop significantly lower on any possible top ups at c.1p

AM’s middle finger instinctively crosses with index finger
every time Nigeria comes into discussion.
Wild card lotto ticket but a very good one If licence arrives.
Lady Luck appears though to be smiling on him recently.
Lol, fingers crossed everybody. Gla.

17 million reasons for why it is perhaps extremely difficult to prove a criminality charge..

It does though highlight the biasing/under evaluation that would of been needed by the bod to then push through on their scheming.

Bernstein and allies would perhaps benefit by investigating the other half of the stick, namely the ‘ad-hoc bond holders’, on the principle that not all those that are wealthy are sufficiently endowed. Would look for a weak link amongst the pirates.

Lol, but ‘keep the flow brothers and sinisters’ is not only more amusing but also perhaps more apt…

Stebol’s interesting point re. ‘The thing is, where you might have been comfortable investing £30k at 0.3, would you still be comfortable letting £300k ride if it hit 3p, despite the potential upside?’ is totally reliant on news flow ie one would be a fool not to at least top-slice If the 3p was then the settled sp after the dust storm has cleared on Atomic and with no further significant news flowing…
‘Copl are pleased to announce that travel restrictions from India to Nigeria have been lifted’ won’t quite cut the mustard?

Not sure from where ‘..last career chance to make good..’ originates it’s theory from, but as an idea/speculation, then is certainly worth considering.

Is it an ageism concern, which hardly seems likely, given that we’ve just bought an enterprise from Atomic Senior, who has two decades on AM, and the one thing they do have in common is that they are both very much oil men, whom generally seldom retire gracefully. So on good probability, there’s still quite a few years left for the sprightly AM. Certainly enough time to formulate say, a personal ‘10 year plan’..

Or is it, as I suspect, an environmental issue, where the eco-clock is perhaps ticking more loudly than say AM’s body-clock, with the current spate of time limitations and it’s numerous ‘10 year plans’ (2030 being aired a lot) now being imposed for green conversions and for which consideration, one might conclude IF there is a rapidly reducing time frame eg.10 years (‘..last career chance to make good..’?) then AM would perhaps need carte blanche authorisation to be able to access any possible further buying opportunities. By whatever means.
I strongly suspect that those who bought in on the Atomic deal, the 66% of the current shareholder base, will be more than happy with AM’s leadership.

How could we perhaps deduce that there’s is something else brewing ?
I would be keeping an eye open for an accelerated consolidation.
Which I suspect might rapidly come about, assuming of course we ever get re-listed,
& the moment that happens,
all those new ii’s at 0.2 & all those new Pi’s at 0.25 to 0.38
ie. those investors holding 12.2B of the total 17 B share tickets,
then take to Rex christening AM as say… Golden Balls (a step up then, from ‘Arty’)
Carte blanche authority will then be a natural given.
Tick Tock indeed. Lol, but at least, it should be exciting.

Appreciated HH, indeed is nice and clear.
Tq.

My apologies HeidHoncho, these grey cells aint what they used to be although can usually still expect some retention of the more salient points and then any shortfalls are colourfully filled in (always looking right!) .
A vague recollection albeit mistaken, that was I believe from AST bb almost 5 years ago immediately prior to them getting the cross border pipeline working (whilst fending off similar ‘industry professionals’ who again had declared it couldn’t be done) or was it the early days in LGO or the early days in 88 ?! The middle east / offshore Kazakhstan rings a bell?
Lol, my grey cells are definitely not quite what they used to be. Any of your production updates therefore would be gratefully appreciated! Many thanks.

Hi British.,
I would disagree with your ‘industry professionals previously on here with a single agenda’ as there is another variable, namely as we have seen last night, that some industry professionals simply like to advertise themselves (my first thought though was that Uncle Tom (v.experienced O&G player) was looking after his mates, who notoriously short anything that moves but the subsequent loss of discipline ie the “my last post” quotes put a dampener on that). A lot of ‘industry professionals’ simply like to talk.
As maddmax states, john’s statement of ‘highly intelligent investors’ is in contradiction to their then evaluations of £1.
Moi, and i simply betted on the judge, the subterranean technicals being way too complicated. Is i appreciate Heid Honcho’s expertise as an ex oil rig OIM and so his equations pacify any concerns. Fingers are crossed though that the good doctor now makes a reappearance..

Thanks Shouston on a sincere, frank & honest reply,
which is also quite refreshing & entertaining.

Will agree to disagree on what constitutes a negative input but fair to say, is that we are all currently tied to a somewhat marmite flavoured CEO who tends to bring out the extremes in people’s opinions. Will it be as CC hinted at, ie as just another bloodbath, or will it be as some others have referred to, a possible 10p party within a few years or perhaps it will be somewhere in the middle eg. 1.5 to 2.0p ? Lord knows, as even the worst case scenarios are covered by probability equations. A balanced bb would allow all of the above opinions but would also require those posters with any extreme views to then have their integrity assessed, perhaps even questioned eg., as to where their pie-in-the-sky or where their basement figures come from or of others… where does their unbridled hatred for the CEO comes from, & then hopefully analysis of what constitutes as an extreme or as a balanced input. Any ‘balanced ’ opinion would of course invariably be shot down as we all approach investing from different sides, with different ideas.

Totally agree, 100%, that we are all indeed far better off from knowing one another on such a knowledgeable bb. There’s a wealth of good talent on here that input regular quality research & opinions, which then promotes others to grasp the fundamentals sufficient enough that they too may do further reading & research and draw their own conclusions. Is it a dog-eat-dog world as hinted at by CC with his complete lack of trust in anybody that is tied to investing & that I would disagree with. There has to be a level of trust that then allows us to strengthen or negate our initial opinions. Cross-examining our fellow investors on their integrity is part & parcel of the game. Would perhaps say though that being ‘clever’ usually seems to come with pitfalls; the 3 O&G stocks I had previously done well in, all suffered from ‘industry professionals’ trying to shoot it down. It did not though prevent me from taking a 7 figure sum from each of these stocks, it only high-lighted that for some individuals the higher they elevated up the ladder the narrower their vision seemed to become & the more they wished to seem to talk about it..

Lol, & on that que, my fingers are crossed..
& that the weather holds, as i need some great outdoors time.
but i am pleased though that in your opinion I was able to contribute something,
even though it was only…. Disturbed.
Lol, nice one.