Member Info for G_G_G

2m shares traded at an obvious sell price and we want to believe it was SF again. More likely to be a fed up PI. Have to be honest I've tried to sell some shares in the past week - I wanted to sell 500k to put elsewhere and I couldn't get the trades away at anything more than 25k tranches, which wasn't worth it. The only person buying down here appears to be SF. This is the only reason I haven't offloaded my sizeable holding here. Hopefully some news next month, or the month after...

Bloody hell, poo is now touching $65 WTI. Let's hope for a great update.

Guys where have you got the dates for mid-April and now I see end-April cost update...? Is this in an rns I've missed?

Extrader if ever you write a book then let me know. I have no doubt it would be an interesting and enjoyable read.

Sorry CF this whole business of NOMADs stepping in is a load of rubbish. They don't always do it with major listed companies. Let alone dodgy little AIM companies that are opaque as hell. Every person on this board would be able to list companies where the NOMAD has done f'all. You either have confidence in this project gonig ahead or not. Quite frankly the only reason I'm still invested is SF. And as it turns out he's the only reason we're not 2p is because of him. He supported the SP when in the doldrums. Allowed us to get a raise away to keep the lights on. And he continues to support the sp as it drops to low 3's. I have very little confidence and trust in Hanno. He's ridden to CEO on the coat tails of his father. There's too much bull**** around this company made worse by the recent opaque solar loan to fund one of Hanno's brother's ventures. This last part is sadly a fact. I don't believe SF would throw good money after bad so here my money sits. It's not like I could sell it anyway - no-one is buying (except maybe SF).

If we don't get news in the next 2 weeks then I reckon we'll be back down to 3.5p again. And when I say news I don't mean some opaque update on some dodgy financing deal done by our bod on a side project part owned by our CEOs brother. Unfortunately this is the only news we've received in the past few months. Can't say it fills me with confidence.

As much as we talk about SF buying more stock, if he bought it off another major investor then what does it say about their confidence in the bod and the main project. I find it hard believe he picked up 10m shares on the open market. Firstly they would have needed to notify the market as he purchased more shares and went through thresholds over weeks of buying. Secondly the sp wouldn't have dropped and stayed near all time lows. On that note they need to issue an rns as 10m shares is notifiable when bought from another major holder. It really does feel like there's a lot of shady **** going on at the moment.

I think it's US$1m per well fellas. Please correct me if I'm wrong. Also, does anyone know the average well production rate in Clearwater. If it's 400 then 25 wells for $1m can deliver up to 10,000bopd. Obviously some will fail, or will be uneconomical, but then again some will out-perform expectations. Would be interesting to know if someone has this sort of information along with well success rate.

Agreed Tony. Only the drill will convert NPV into Mcap. Having said this, as Maestro has pointed out, one avenue to adding value to the company is completely in our control - Clearwater. We have cash. And we have the ability to quickly execute. It's fast success, or fast fail. But given the low cost of testing the acreage it's utter madness to not have at least 10 drills planned for the remainder of the year. Whether these guys think that's worth telling their shareholders is something else.

Being cynical of the bod, which I still am as they've still not fully earned my trust, one could argue they're suppressing the share price to take it private on the cheap. It's sad that my mind is always wondering 'what are they up to', when I should know what is happening in a company where I own part of it. The reason people don't trust them is they haven't done much to build trust. Lots of promises but not a lot of substance. Hopefully the Q1 update will put these trust issues to bed. I'm looking for a comprehensive update, and not one that's light on detail and designed to stop a PI revolt (like recent updates). Divi, production and financial update, forward guidance, drilling plans for 2021, and an update on Serenity. All of these are basic expectations of a company that has had plenty of time to get on top of the acquisitions. The divi is 3 months overdue. And forward guidance is a simple expectation of any listed company. F/o has been going on for years so can't see why that cannot be part of it as well. No excuses for these guys anymore. Time for them to put their big boy pants on, step out of the shadows they're hiding in, and start acting like a transparent, professional outfit. Looking forward to next week given it's the last week of April. GLA

Well there certainly appears to be some sellers around so plenty of opportunities to buy. Thank god we don't need to raise any more cash.

Interesting analysis. The NPV for Clearwater alone @$60 CAD WCS is double our current Mcap. They really need to start sinking some wells. One or two successes and we'll double from current Mcap. Really hope they're going to give some clear forward guidance on what to expect. They've kept investors in the dark for far too long now. In the meantime I just sank another 183k into the ISA. Now have 3m across two ISAs. Wife better not leave me :)

FF, where does 140m shares to be issued come from? We only have half of that in warrants and potential options on the books.

I had to go back and check Hanno had said tariff would be approved by end of Q1 2021. Turns out he wasn't specific so perhaps Q1 next year...? Failing that the year after. Timings here are a f@cking joke. If it wasn't for SF the company wouldn't exist. Says something about Hanno's stewardship. We're no well into Q2. Hopefully something in the next few weeks. GLA

I'm now starting to wonder whether we'll get anything on the long list of overdue news in Q2. They may as well suspend us - Nothing is being traded anyway. Wakey wakey Hanno!

C'mon fellas, there's no blue, because there's no news. And the only thing I saw yesterday was a lot of sells. Until Hanno pulls his finger out and announces something we're going to be stuck in the high 3's to low 4's. I think we may see some upward movement in a few weeks, but not before-hand. The recent huge buy from SF means we won't have anything major for a little while, otherwise it would look far too suspect. Let's hope they can actually deliver something concrete that will help the sp for once. GLA

Hi DealBreaker, you're right if there's nothing going on they're best to sell as many shares as possible now so the company can keep the lights on for longer. This could explain the delay and decent sized sells over the past few weeks. Alternative viewpoint is the delay is helping bent politicians etc. to get on-board before massive news lands. Sadly I'm going with the former on this one. Having said this I believe the re-costing exercise will at least shine some light on the company and its resource. It also serves as a starting point for Glencore to take the resource to market. No different to doing a valuation on your home before looking to sell. Hope I'm wrong but think we're probably in for another 6-12 months of silence. Not a problem so long as they have enough money in the bank as we'll at least be able to avoid a heavily discounted raise. GLA

Hi extrader, no supporting evidence but I'd say the larger 400k trades are transfers given same price, and quick succession timing. There's 2 trades in quick succession for circa £20k, which I'd say was an ISA transfer. And would hazard a guess some of the trades <£20k are also ISA transfers given similar size and timing. As I said no evidence but that's my thinking.

I think if Graham gets his options he would have recouped quite a bit of his % ownership from when the company started. One also needs to keep in mind that Majid and his salary are pretty bloody solid for a junior. Don't really care what they're paid so long as they don't reward themselves whilst diluting PIs. There's a right way to go about doing things. I'm hoping they're committed to doing things this way, and there's no reminders of their recent, chequered past. To start with they can deliver the divi (3 months over-due), provide comprehensive production and financial numbers, and some forward guidance that includes what they're drilling and not some random statement about hitting 500boepd months after the drill bit started turning. GLA

given that poo is flying, and we're expecting the quarterly filing of a lifetime in the coming 2 weeks, and yet the sp is dropping...? I feel sick just typing this, but what if it's the start of II selling prior to news of another heavily dilutive acquisition. It's hard to forget the II inside trading with the missed Nth Sea wells, or the fact the IIs and bod were awarded tens of millions of free warrants whilst the man in the street took all the pain when they made the last acquisition. Yes it kept the company afloat so ultimately a good decision, but a decision that didn't create the same degree of pain for the bod and IIs. There is no reason for them to do it again, so if that's the plan, to buy another 5kboepd at the expense of the PI so they can receive more free shares then it would be unforgiveable behavior. Hopefully just some bored PIs and nervous money cashing in profits. GLA

In the meantime WTI is +$63. We really do need substantive news to land while we're in the 60's. Mindboggling valuation given poo and gas at the moment.

Barnyards! Good to se you found your way out from under that rock. Does this mean we can look forward to your invaluable contributions and opinions moving forward...?