Member Info for Dr_Kaboom

She keeps on choking.

Was that expert Dr Trice? Lol

Pump and dump crew out in force to suck buyers in.

We have to be realistic, Slift. With all the risks,noone will lend them money. Looks like equity raise will be dole credible option. Sharehokders wiped out whike board members on nice salaries.

Could there be class action regarding previous CPR? I would highly doubt it due to all caveats, etc but will be interesting if a group of shareholders decide to take it on. Reminds me of questions from Barclays guys.

Shorts don't have to close. Just wait for equity raise and use that to buy back shares. They are under absolutely no pressure to close.

Past buyers are crying today, today's buyers will cry in the future.

Stage a mini rally, suck more in and then take it down lol

If people are buying this even after all the red flags regarding cash flow and equity value, then they deserve to lose money. They shouldn't complain when their shares are worthless.
Dufferent story for those who invested based on previous CPR though. For those, i do feel sorry and hope you maje the losses back.

People are stll able to sell at 3p. With the level of dilution expected, their shares will be worthless.

How about the giggles from the board during thr call? Did you miss that?

Nice question from Barclays hahahhaha

Did Dorothy just say that contingent already accounts for basement and SANDSTONES? If so, that is even more bad news.

Richard just said reliable production hahahhahah. What a joker.

Realised oil price of $29.8 dollars when average Brent price was $40 lol

Slift, was prob right move. Good luck.

HUR will have begging bowl out soon.

Free cash of 106million at 30June
Reetricted cash of 20million for leasing and up to 36million for decom
WI will cost 70 to 80million
Debt above 200million

Unfortunatley, shareholders are finished.

Estimate of recovery down to 16MMbbls. They have produced 9.4MMbbls to date. Limited lifespan left and need to evaluate whether still commercial to produce remaining amounts. Assessing use of water injection to mitigate this but lots of risk and costs (60 to 70 million dollars) associated with that.
Lowering rate of productions with bubble Point anticipated next year. Increased risks of producing with 6 only. 7z closed prior to shut down.
Financially, they are f**ked unless they refinance the debt or dilute shareholders. More likely to be dilution and wipe out of shareholders considering massive downgrades and weak balance sheet.
A significant portion of cash is restricted. 20 million for FPSO and up to 36million for decommissioning

Loads of pain coming and very likely shareholders will be wiped out with dilution.

Well, even at 19p, if it defaults, returns for shareholders will be close to zero.

Kenya farn out has been paused and going concern looks ugly.