Member Info for Hamilton1899

Cjmorley, I will, until they deliver on promises, which will be hard as its already December.

I hope Bo roadshow in London this week is going well. Looking for money ;-)

Production was supposed to start in November

Big downgrade to guidance, revenue now expected to be £4.5-5m from £8m.

Poor results and 25p placing

Shouldnt the production have begun by now?

In the 18 Sep RNS the company said it would take 10 day to clea-up the well, now the clean-up has been going on for 4-5 weeks and they get some gas and "modest oil production". Lets face reality this is like 88E well in 2018, the clean-up period just got longer and longer and oil would come anyday. That well never delivered any commercial oil.

Dosent look good for Dubhe-1

?

What is the flow rate expectation from the Dubhe-1 well?

Wasnt the production supposed to start in November?

PHE keeps printing RNS to hold up the share so they can raise funding. The AIM game!

I guess the company will try to raise now, given that they are running out of cash in January based on June end cash balance and recent cash burn rate.

I guess JOG needs to put out an RNS tomorrow to comment on the way forward

Big risk that JOG project will get developed now. Labour just has no interest in the oil & gas business.

Looks like a very poor budget for JOG, no changes to EPL. No real improvement at all.

How many times during the past 4 months are they going to put out an RNS for the roll-out schedule in Scotland? Its just the same info over and over again.

What are the expectation for potential changes in oil & gas taxes and investment allowance etc for the budget this week?

The company probably has 3 weeks to raise in before things in the city starting to close down for Christmas

Good try from PHE mgmt to say that Engsolve trading is doing well, but avoiding to:

-> Provide any financial numbers

-> Not a word on the minimal remaining cash balance

What they are saying is that private credit, new bonds is currently not available. D4E is coming with equity wipe out, most likely outcome.