Member Info for Hullaballoola

Please make an offer Auson. 10p should do it. Bargain for TLW too

Tullow tweeted about The Jubilee Piggery Production Group award... just as you called on the swine

Would hope Tullow were concentrating on restoring value for their shareholders, as a couple have tweeted back

Helpful and courteous debate. Thanks all.

Hilarious Vengor ... Best FBO

Shawz for goodness sake, don't take any advice from this Board. Put a cold towel on your head and devise your own strategy. GLM

MEM
You're not invested here. We thank you for your comments but please find something else to do this morning. You are not helping anyone with your posts

Only a couple are mine:) but would rather not have had to average down.

Let's keep to the facts here and keep this board honest. Confusing a fewPI's into holding/investing is not going to turn the tide. Pulling together to share accurate information, declared 'honest opinions' and keep the BoD, company, FCA, NOMADS et al, accountable for this debacle, is important.
Let's not implode this BB

Calling you on that i2015:

'have heard larger key holders' ... really ... please substantiate

It’s a joke. It looks like a hoax and no one could take that letter seriously.
This is getting even more ridiculous. There must be a book, a film or a play in the offing about this. Maybe that’s how we recoup our losses. Except you couldn’t make it up.

But back to our investments. With this Baron out the way, the SP has a much better chance of reflecting the value of the underlying assets.

I don't believe we should be in an utter state of panic ( a little is fine!)
I don't believe the 13th RNS would have been issued without review of the 2 new non-execs. They would have made certain it was accurate. It says the company have:
-Enough cash at bank and from Dec and Jan oil liftings from Otakikpo, to pay for the site survey at OPL310 ($4m), [if needed]
-Other financing discussion to resurrect to replace the scam loan
-Lekoil will not be in default crashing the house down if they do not have $10m and evidence of the ability to fund 42.86% (either equals $28m or the percentage of $28m, I'm not clear but) lets assume $28m)
If Lekoil cannot fund this OPL310, Optimum AND Lekoil 'MAY' agree to sell Lekoil's 17.14% stake. There is wiggle room here for negotation, extra time to find funding but certainly time to find a buyer and not necessarily at fire sale prices.

Lekoil is not bankrupt and there are two new heavy weight non-execs on board to sort the mess out and rebuild credibility.
That is why I have not lost 70% of my investment by cashing in and have been averaging down.

Addtionally, the RNS clarifying Baron sold down from 4.64% to 2.8% yesterday gives additional explanation to the plummeting share price. It was not all down to MM mischief and panicking PI's. As we know, panic breeds panic and I'm sorry for all those who felt the need to crystallise losses. Or walk away.

Thanks Bridg for the shareholdings below. At 2.82p closing of today, Baron's investment would have been c. £700k, while at its peak (20p) it could have been worth £5m. No wonder they decided to salvage what they could and walk away.

Hopefully other II's will keep their seat at the table and be advising the Board what they need to do. Maybe they can pick up some tips from this BB! I reckon these II's could hold 43% of the oustanding shares.

Note also that our man, LA has 7.8% of the shares and will be hurting too (shame!). Hopefully, he won't stick around but if politics requires it, he is incentivised to perform. If he is not behind bars.

Just a few ramblings from my perspective. IMHO. Only been invested since 6th Jan... a white knuckle ride but I do not think all is lost. DYOR :)

I’m with you, Corporal Jones

Excellent idea. I would go but I don’t feel fluent enough to make the best of the opportunity

Keep up Elenor
Read the RNS’ from 2 Dec. Trawl back thro the BB

No, to a placing
The new NEDS need to quickly establish some credibility.

This tree is not for shakin
Hold your nerve
Are MMs filling an order?
Thinking what the bid price might be

A lot of off loading from 16.17.. @barondaytrading perhaps?

We knew there would be an overreaction this morning. I'm with you Batfink

RichKen, Alfa, ... how about pitching the BMN story to Blackrock?

Taff, I'm glad you managed to find a buyer. Now if you're out would you please cut the hysteria as some of us are grappling with difficult decisions... pretty please and good luck with your other investments.

i think I'm with you Humero.
BUR will make share awards to employees as part of their package. They can either issue new ones or buy them in the market and hold them as stock.
I think it is good they have/will buy them in the market. Shows stock undervalued (as if we didn't know) and means less dilution.
We do need a little patience