Member Info for Harryshang

Some bed wetters would better served on the various 5% plus being offered by the banks.

We are fortunate to have 2 commentators with a broad experience for guidance. Moreover , two opinions that we might formulate our own objective figures from.

Many thanks

Harry

That describes me.

Strongly implied they believe the grant of instructions to the drillers as the preferred option to a farm in.

Let’s see.

Yes. Well constructed.

They clearly need assistance from a JV or a farm out, Colin needs to address this sooner rather than later.

Shaft or not to shaft is totally subjective and not helpful.

I prefer an objective test. Is Colin competent and has he fulfilled the duties of a CEO?

The answer lays in the destruction of the MCap and PI’s destruction of equity.

“A Sundry notice has been submitted to the State of Utah and the U.S. Bureau of Land Management (the "BLM") to amend the existing drilling permit at the well site; and”

If I was the above, it would be conditional on a drilling crew with competency, safety and proven experience in the specific area.

Perhaps a JV with such a crew at their disposal- come on Colin fess up and get this show on the road.

“ When is Colin going to bow and do a jv or farm in, it’s clear from its failures that it’s not set up to deliver and succeed on its own. “

Such an RNS would be transformative.

Exhibits positivity.

One and a half days to fill.

RNS tomorrow?

I particularly like this statement which gives confidence that the second bite at the cherry will be voracious:

commencement of independent, third-party consultation of drilling plans and procedures; and

“But lots of posters in their innocence, (or ignorance ), persist in peddling that line.”

I guess one can infer that CH is “peddling” that “line” either in “innocence” or “ignorance “ when he states that a JV is actively being sought in half 2 2023. I hope not.

Best news for moi is a JV executed with a proven and competent player: give more time for CH’s dental hygiene.

It’s an RNS stating a JV has been executed with a major player that will move the SP- CH is out of his depth floundering in the deep end.

Slawson wells actual production rates are diametrically opposed to estimated rates. Especially, if you’re a banker underwriting a loan facility.

Ever tried securing a loan facility with a banker on an Executive Summary based on estimated cash flow!

Actual rates will see an uptick.

Harry

Will we see his face today? Perhaps he’s curled up behind his sofa in the foetal position.

Lost all credibility in his fiduciary duty to shareholders for me.

Bring in an oilman with deep pockets who commissions the top drillers.

“ not a detailed update about that operations are still on going 're sorting 36-2 out and lots of detail about that! “

CH will be acutely aware such an RNS would be extremely deleterious. Here’s hoping for what we want to hear.

I have added £10k.

Core Values

Our team is guided by twin core values:

To be responsible stewards of our shareholders’ capital ???

Company must be on a loser here given the time period to resolve the debacle.

Why did the insurance company not sit round the table with experts to discuss an abandonment and re- drill? I’m guessing the loss adjuster is fighting for his job.

Why did Zephyr take the responsibility for insurance? Surely, the drillers are responsible for insurance. If I commissioned builders to make substantive alterations to my home, I would want physical site of their insurance policy- no insurance, no job.

Why did the authorities prosecute BP, Transocean, et al for the Gulf of Mexico debacle? They were jointly and severally liable- I’m sure they held individual insurance.

Harry

I agree, moreover, the Colgate smile on site posted on X (formerly known as Twitter) reinforces both incompetence and contempt.

Harry