Member Info for Fastfood

Whatever the SP does (Higher or lower with cash needed for Capex) / given the 6 month Extension from April - We will not be back here in OCT. Copl will be close to 5000bopd.

And that’s without new drilling ??? I think …. 5000bopd on current Wells yes ??

Heard him say we at 1700/1800bopd and at the Tail end of Financing required for the new pipe and gas gathering system which will allow us to work up to 5000bopd.

Agreed Dougb re Flow Rate.

We all now know that 1500bopd is subsistence level regard Liquidity. It’s up to ART now to monetise the Oil out of the ground to Market and appreciate the SP. He’s the CEO. That’s his job.

Steve. ART said he would publish Reserves Report End of March I believe ?? Tied in with various other News. Piling up.

My understanding of the RNS 14 March / Is that we have not quite met the $2.5m Average in the Bank and that’s why the date has been Extended on the original Waiver from 14 March to 22nd March.
So we are not quite there but a lot closer ?

Concerning me is No Reminder of NDA ongoing on last 2 RNS.

Ohh he’s so sad isn’t he ? He has just woke up. Mummy give you no bottle ??

Seems Positive. The measurement Dates are getting Shorter lol. That’s a good sign..

My take is that maybe COPL usually get paid twice a month re Oil Sales ?? Mid and End ? Thus / the Shut ins put us back 2 week re Invoices ?? I dunno ? Seems plausible…

“Average $2.5m 15 Jan to 14 March”.
1 / CFO cannot calculate average assuming they include 14 March. We have to let the day play out.
2 / As it states “Average”, one assumes we should now have well over $2.5m in the Bank (As of Today), if it was the case that we did not around Shut ins in JAN. The “Average” needs to be above 2.5 if calculating on a daily basis up to and including 14th.

RNS Wed.

No Fish. I don’t think Shaa Post is crap. I think it defo worth a mention. Thank you for sharing.

I don’t know about the twitch to the left just after 1:08 (He repeats this again later) but the depressed eyebrows is regularly paired with him talking about data and thus he is thinking deeply as he wants to get it right. When he raises eyebrows (He does this continually throughout); means he is genuinely excited about what he is talking about.

Monday ?? That’s a bit daring Fish. Pushing boat out there son. Steady now…

Ohh is this open forum ?? Please ignore last Post. Thanks.

I get about £2.50 mate. That’s only weekdays though. Nowt to come at weekend or BHols. And it’s capped at 10 Posts a day. Not complaining mind.

I thought you worked for me Fish ? You working for Spotty now ?

Back up to 139p showed Liberium didn’t it ? Absolutely bizarre how they’d try to de stabilise this. Interesting to see how it plays out. I will add more if it ever Tests my 123p. Long Term hold for me. Now Dividend producing. Healthy one at that. See what happens. BOD seem strong.

Thank you for replies Doug and Adusiek. It is clear that current Senior Lender is suffocating us and ultimately the money was handed over on poor terms. Any Profit goes to Senior Lender until paid off ? At end of the day ART needs to come up with more favourable terms which will prove accretive to the SP as did i3energy. He’s been promising / working on it / no result yet / over 12 month ?
Hoping for a steady the ship RNS on TUE/WED re the Going Concern - Although I expect it to be extended but more likely in a position to be removed into Q2. First base.

Maybe harmonising with XOP up 16% to 11c.

Can’t quite get my head around £ v Canadian dollar ??

You own a house in Canada XOP. It goes up 100%. You now own 2 houses.
You own a house in UK. It goes up 50%. (Equivalent to Canada 100% up). You don’t own 2 houses ??
I guess 1.5 houses in UK always translates to 2 in Canada ??

I read a Post earlier today about cost of paying off Senior Lender would be less due to low SP. I like that theory ? I don’t know how much £ it worth re Saving ??