Member Info for Fastfood

Rest assured there’d be no left overs for Shareholders / unless they had an interest in that where which I don’t think they do ?!!

Also ; I don’t think the Senior Lender would so be obtuse re Waiver at this time unless they already had secured multiple potential buyers at the right price. And that price will not inc Shareholder distribution because it’s simply not in their interest / unless a bidding war broke out. Do we think a bidding war ? Nope.

When they think it’s hit the bottom …

Want we want is to obtain sufficient Finance to be able to sufficiently fund production so that we start printing our own money. Copl / Art did exactly the opposite. Obtained Finance at Restrictive Rates and never enough to sufficiently fund production so that we could grow the Company. So Repeat and death spiral followed. I don’t see them as mistakes per se / it’s all we could get as the field was never de risked. If we could have got better Terms, I’m sure we would have. Meanwhile Art said anything to keep Private Investors punting to create liquidity in the Market. While you’re buying / They’re selling. The game is up I feel.

Ok then Bladderman. Baring in mind we have been unable to obtain sufficient Finance at viable rates re CC previous / does not suggest to me this goes for Top money in a fire sale.

Agree with you re the 2 mystery Wells into the public domain. Again / More info withheld and only to deliver bad news re stewardship.

Bladderman. Nobody buys CC for £150m. With respect - Get real. If a Fire Sale goes through / it will be peanuts and most likely £10m. People only buy at bargain prices as we did $2 per barrel ? Nothing is de risked. It would go for Peanuts.

If Copl need $2.5m in cash on Account by Jan 1 and are at least $1m short but had ability to get there then they wouldn’t need this RNS. So they absolutely do need the Finance of say $1m and may well get it if GGS performing near 2000bopd / prob need 2500bopd now. Big ask given Cowan the production man AWOL and YellowJersey PR AWOL. If the Bondholders do stump up from there previous Shorting accumulation, then it certainly won’t be at current or premium to Todays SP. 0.3p MCap £2m ? Need £1m =75% Dilution at best probably. SP can rise thereafter so I will wait but not convinced and Senior Lender still remains unanswered Terms due up 2025 so …

Claremorr. I don’t think it Ryan’s fault. He probably goes out with Arts daughter.

If Carsberg did Questions and Answers..

Leew. They wouldn’t have received the full $4m. But yes. I didn’t tally the $4m with the $2.2m Apologies. Either way they’ve spent it and it’s back down below Senior Lender Covenant.

How can Cowan be the Cost Saving ?

1 / They weren’t paying him.

2 / He was the one “Purely Focused” on the most important thing !!

It’s all hit them at once. Caught them off guard. Bad timing re JV ? Orchestrated more like..

Not me Pilot. They need Finance unless they can get cash back above £2.5m. Even if they do get cash above this level / then it spells corruption given CFO lack of input re failure to RNS current trajectory to achieve £2.5m cash Year End. Absolutely and completely corrupt. Always buying themselves time. Cowan ”Focused purely on Production” and yet No update despite the need to know right now.

You can just imagine Art in endlessly long meetings with JV discussions ? Yeah I bet. Held onto it long enough to justify his non existent made up role in Copl America. 40hr working week for $$$ ? I think not..

They burn cash despite the cost savings. Works rendered is obvs high maintenance. Waxing a constant burden.

Leew. Cash position as of 30 Sep was just $2.2. That was then and production hadn’t increased following month. That’s less than £2m and must have fallen since ? Also they were not paying BOD and looks like Cowan gone ? Any News from yellow jersey PR ?

· A cash position of $2.2 million as of September 30, 2023 compared to $4.0 million as of December 31, 2022.

Agreed Stas. The LOI was just another vehicle for the Bondholders to have greater liquidity and ultimately cash in as much as possible and as soon as possible. Lie upon Lie. Meanwhile / Massimo and Ludwig in Bahamas awaiting Art.

I often wondered how Art got production to 2700 with risk of a blow out with plastic pipes. I wouldn’t put it past him to Stockpile Oil and mis report before supposed Wells had downtime skewing production.

So let me get this right ? The only logical way to obtain Finance may be via the Bondholders whom have Shorted the Stock to High heaven / as they will risk loosing their remaining, should Administration occur and Offer only sufficiently cover Senior Lender ? Senior Lender stroking the cat Mee Awww..

Don’t forget your £100 to Registered Charity for No JV. Sorry about that Pilot. You’ve been a Poster whom I trust and knowledge on the Bonds / Of which were disastrous terms.

Sham89. No way are we going to get Finance that is accretive to current SP. Best case is that Finance is delivered (run if it’s via Primary Bid) but cannot see SP rising in meantime and only dilution and consolidation will follow. At this time of year / the shops are closed for High Risk knocking at the door. Ain’t gonna happen.