Member Info for Howey1927

I've been busy all day but Gideons, eff off.

Your type of nonsense is not welcome here. I'm not in anyway defending Mira but you have the nerve to suggest deramping whilst you are doing the same here to try to get in lower.

This is a repeated pattern so I will continue to call you out on any board you infest.

Worst poster.

Mira, it seems we actually agree! This is the biggest shock since HITS agreed with BV yesterday!

How much of it are you liable for Mira?

I can't believe it! He was doing such a good job but I guess everyone has their shelf life!

Anyone need a job?

AP, Could I suggest you simply ignore him?

Tygra, I was addressing your point around GL's pet projects and should made it clearer. There's nothing we can do about the warrants as they are already agreed. They were agreed at a time when we weren't producing and needed to beg, steal and borrow to exist. That's no longer the case.

Further warrants may be issued in the future but as long as it's for growth rather than to keep the lights on, dilution is not the right term, in my view.

Tygra,

Dilution has a very negative tone to it. 'Funding a project via the release of additional shares to buy another producing field' (as an example) it's a far better and more accurate way of phrasing it.

The days of dilution to keep the lights on very much appear to be behind us.

RT,

If you read my post again, do you think I'm suggesting the wheels might come off?

I was using that outcome to emphasise a point. We are in a brilliant position and our major lender has come out strongly in favour of what we are doing in an RNS and it strongly appears they have exercised a large chunk of their warrants in order to ensure the best outcome.

Chill out fella.

Morning all. Good luck.

Completely agree Dan.

Is it possible that the 'waffle' about a 10 day overrun on the sidetrack has led to this happening now? The message included in the RNS from Aleph very much suggests they are properly bought in (rather than just bought in). Therefore to ensure the sidetrack has a greater chance of success and the (almost) inevitable rise it will create is worth £1.4m?

The alternative is that they believe they need to buy and immediately sell to make £800k because the wheels are going to fall off.

I know which way I think they are leaning!

Bridge,

Aleph have today purchased 127,400,127 shares @ £0.010989 each. Some possible scenarios are:

1) Aleph paid £1.4m for the shares and can sell them immediately for £2.29m
2) The shares drop to 0.75p and they are worth £955k
2) If the shares go up to 2.5p it's £3.185M
3) @ 3p it's £3.82m
4) @ 5p it's £6.37m
5) @ 10p it's 12.74m
6) @ a more realistic £13.47 it's £1.7b (Tell 'em Brixton!)

If I were them, given the results we've seen in the past couple of months, I'd hang around for a bit!

GLA.

Only a pity if you were planning on selling today Mira! For most here, this is a great opportunity to load up.

You needn't worry as you don't have any shares, so you rest easy.

Tom, welcome to BOIL. HFB is a veritable encyclopedia of all things BOIL so check his history. There are other great contributors here too, so stick around.

Quantum, Tom isn't in the same bracket as Mitch when it comes to his posting and in my experience, he is a credit to a board! It was Mitch's manner rather than the question that created the reaction he rightly got.

I think the word is BOOOOOOOM!

6.02 MMSCF

Push, If I could edit my post, I would totally plagiarise your point about the debt!

Also, thank you for the explanation of the underground goings on.

Thanks.

Obviously the main topic of conversation is about SFB at present but we also have:

1) Work at Brockham to improve flow from 40-50 up to about 150 barrels per day.
2) Reinjection application at Lidsey.
3) Most excitingly (if it comes off) the Balcombe appeal.
4) Something that needs a mention but still some way off is geothermal. Could supplement the gas and oil in the medium term before securing the future beyond hydrocarbons, coz it's coming.

29, 37, 41. Good luck.

My view on this as a whole is as follows:

1) The share is being held back but by what? We've had good news after good news so it's not to do with the performance of the wells or the company in getting them producing.
2) Is Paul Forrest continuing to sell? I suspect this is the case and it will hold things back a little despite it being small change in light of his overall holding. How much is he looking to cut his holding by, only time will tell. If I win Euro Millions on Friday, I'll make him an offer for the lot!
3) General market conditions. Absolutely will be having an impact as people get money out of a volatile market but surely gas should be viewed as safer than property in the immediate term!
4) Concerns about the 1st sidetrack? I don't think this plays a massive part. The chances of success are said to be high by the company as we are entering a producing reservoir. Even if we don't see success, the existing wells have proven to be capable of exceeding the hedge and we have the 2nd compressor being readied to enable between 7 MMSCF without sidetrack and 12 MMSCF with.
5) Concerns over historical performance of ANGS. It clearly has a impact on some on here and it has been the fashionable stick to hit out with, now the plant is online. I don't think people will care if the performance continues as it is. If serious investors see a way to make relatively easy money, they look at what has gone on in the past, with a different board and with the quality of recent appointments.

I'm not going to say I haven't been a little concerned as this has drifted but if you look at all of the main factors, MY VIEW is that this has to break out at some point.

Good luck all.

Simply WOW!

Phil, I wish I could claim some sort of divine inspiration but said daughter had awoken me and I thought I'd try to inject some positivity.

3, 11, 22...........

Morning all.

I've been quiet of late, largely coz it was my daughter's birthday but also because of the fact that the board has been at it's worst for a few days.

I hope for some sidetrack news to halt the current slide but also a return to sensible conversion, rather than squabbling.

Too much to ask?

Mitch is an absolute credit to this board, oh hang on!

It makes me wonder how old he (I presume a he) is. 15/16 is my guess on the basis of the nature of posts but who knows? Provides absolutely nothing of any note. Just wants to antagonise others. It's a word way to live a life. Very sad.

Good luck to all serious BOILers.

It's all a bit drab on here at the moment! We need some news to spark a bit of excitement. Sidetrack anyone?