Member Info for illusion

Good Evening Everyone,

this was posted by a wiseman on Telegram.

"Anavios recent actions have been an extremely painful episode. But as it pains us, these are actions that big business/finance employ for their own gains. These are actions that private investors abhor with their resultant dilutions and share price annihilation. Now (sharp intake of breath) they may still be one of (possibly our best) option for a bearable outcome. They are still at the negotiation table playing hardball, but that means they want something out of this other than the senior lender (Summit) pulling the plug on the waiver arrangements and the ensuing sale and creditor remuneration. Therefore a compromise deal should still be available and therein lies HOPE! I know it tastes bad and it pains me to write it, but at this stage all is not yet lost."

may i also add.

Has it crossed anyone's minds to possible reasons why NGL's were not injected as was intimated ,

the simplest explanation is usually the correct one.

They did not have the money !!!!!

Whose fault would it be if the funds were not there. ??????

Maybe Anavio started the poker game and the senior lender will end it .

GLA.

Stas,

the reason we know it will work is because it is already handling the excess pressures ( with the stainless steel pipes and uprated Gas Gathering equipment ) that the old plastic system could not handle at 8 mcf .

You are correct that it has not been stressed to the levels it was designed to 20 mcf.

But we saw the pictures of the equipment and pipes being fitted ,

so even if we have been misled on increased injection timings the over engineered system will work.!!!

GL.

Ladies and Gentlemen ,

LET US BE CLEAR !,

The GGS system IS WORKING AS IT WAS DESIGNED TO.

We are no longer flaring gas , we ARE returning produced gas back into the field.

There will not be INCREASES in production until we increase INJECTION.

GLA.

Good Afternoon Everyone,

I posted this on Telegram last evening my only hope is that it turns out to be prophetic.

"I think track record tells us all we need to understand what has happened today.

The SL has been with us since we purchased Atomic, maybe adding for Cuda didn’t meet their criteria for a bigger loan ?,

Only since Anavio came onboard have the games controlling of SP and refinancing BLACKMAIL occurred,

It would almost certainly be correct to assume that a major company would want no connection with an unscrupulous outfit like that .

Would it be a stretch to imagine that a deal was available but that part of it would be a price to remove them from the equation.

Therefore because Anavio refused to go quietly except their profit and walk away, a massive power struggle in which we are the piggy’s in the middle has now ensued.

Let us hope that it will work out in our favour,

After all it the SL that is secured against the assets of the company,

I think a fete de comple was issued today,

Hopefully the SL does not have to use the NUCLEAR option.

But if we do go down so do Anavio as they are continually telling us they do not hold any shares and the bonds are unsecured let us hope their sneakiness and greed will force them to back down!!!!!!!!!"

GLA.

Thats exactly it,

when the GGS was commisioned there were small increases as they were then able to return the high pressure gas that they had previously been forced to flare.

But if they been injecting the NGL's we were told from mid october we should have seen a bigger increase in the November No,s.

I still believe we can increase production as expected ,

but it will not happen until after they have increased the injection rates of june, july and aug of 2021 levels.

I can only be honest and say that increase has not yet occured.

GLA.

Actually i look by indivdual injectors .

Correct.

Panama my friend,

Unfortunately that is the $1 million dollar question.

GLA.

Stas,

wogcc site,

data site,

injection,

API or Location ,

input API no's

0935907

0934888

0935908

0921947

0948353

0944937

open individual excels.

GLA.

Good Afternoon Leew,

i have just looked at the injection rates their has been no significant rise of injection rates.

For November if the extra gas had been injected as we were told from mid october there would have been a large jump in the injection numbers ,

the small increase in injection in october was in fact the GGS working as they were returning the gas they had previously been flaring.

GLA.

Good Afternoon Stas,

There is nothing wrong with the GGS,

i am afraid to tell everyone that as of end of November

they have NOT yet increased the Gas Injection.

GLA.

Sorry Wookie,

the first line should have been ,

I actually do not disagree with anything you posted.

Apologies.

Positive news that you can discuss, apologies for the typo's.

Good afternoon Wookie,

I actually do not agree with anything you posted,

but i right my posts very carefully ,

i try never to to tell outright untruths,

i have no wish to mislead anyone.

i was criticised earlier for not mentioning the fall in production when in fact i did.

I was also criticised for not mentioning the fall in share price ( subtly i did )"That all financial stakeholders are suitably aligned or if necessary bought out or removed from the project. "

Although the company is not blameless we all know the reason for SP suppression is ANAVIO .

Also anybody that thinks AM is not in charge of the company is more delude than i.

The Q&A was a reasonable point , but whats the point of having one unless you positive that you CAN dicuss.

I hope this redresses the balance a little .

GL.

Good Afternoon Leeman ,

why would i need to emphasis the negatives ,

Firstly they are obvious and transitory.

Secondly you and others do it so well lol.

I am not on the payroll ( i wish i was ).

I talk about my investment as i see it as i have always done.

You don't like it tough.

GL.

Good afternoon everyone,

as you can tell from the title of this post I am as positive as I have ever been.

If you believe the naysayers you would have many reasons to be depressed.

But let me give you a few good reasons to be more hopeful than ever.

If , as the negative amongst us would like you to believe,

There will be no JV and production will not increase as we expect there would be good reasons to be depressed.

Now let me give you the reasons why this cannot be the case.

Those that would have you believe that production is not increasing and as yet has not been announced are at best disingenuous and at worst are just trying to deceive everyone.

The only reason production declined in the first place was not that we could NOT

( stimulate increases ), but the topside kit was NOT capable of controlling and handling that stimulation,(hence the new GGS system ).

The 2021 /22 data predicts that not only will we reach the best 2700 bopd but will in the not too distant future exceed it on a permanent basis , moving into profit and stabilising the companies finances forever.

JV.

Firstly, if the JV talks had failed the company would be required to inform us by RNA at their earliest possible convenience.

Therefore the talks are still ongoing and I will outline my reasonings for this below.

Some would have you believe there is no JV, if that were the case why bother to sign an LOI.

Others would have you believe that it is only a small JV, if this was the case it would have been signed, sealed and delivered long ago.

I will now outline the reasons why I think the opposite is the case, and the things a Major would want to be sure of before the final deal could be announced.

1) If EOR with Co2 is the preferred option after de-lineation, planning permission's , landowner agreements for access for a pipeline would be necessary ( so a deal would not be signed prior to securing these upfront ).

2) Making sure there will be no inhibitions to the drill permitting at either state or federal levels.

3) Provisions have been made for supplies of all equipment and plant required for each stage of the project.

4) That logistics are all secured.

5) That all financial stakeholders are suitably aligned or if necessary bought out or removed from the project.

These are just some of the things a Major company would want to be sure of before entering a comprehensive agreement they will NOT leave anything to chance, stumbling blocks after signing will be avoided no matter how much time it takes.

This is why I still have reasons to be cheerful, the longer it takes to deal with the above and other issues the MORE likely the result we want ultimately may occur.

Keep the faith,

GLA.

Good evening everyone,

Hopefully we are approaching the events many of us have been waiting for,

For so long now, we have waited patiently for our time to come.

There have been so many delays and complications that many of us have lost patience,

and become frustrated and disillusioned.

I myself have also been party to these emotions at times.

Just when the prize is getting ever closer these feelings become even more acute,

I have the feeling that may be this coming week may herald the turn around we have all been waiting for.

Even though our friends not , (Anavio / JBER ) have continued to control the price action, there has still been significant buying by somebody over the last week or so .

Can we read into this some people maybe more knowledgeable than ourselves and readying themselves for the news we have all been hoping for.

Can everybody imagine, the market reaction for instance if ( by some miracle ) the bond holders were suddenly removed from the equation.

Surely, this could only be a precursor to the announcement of the JV deal itself.

Suddenly life would look very different at last we could relax and maybe see the value of the assets starting to be realised, I think we all understand fact the full extent of the assets has not yet been revealed and only when the JV is announced will we finally understand exactly how big COPL could be.

With the GGS fully installed and gas pressure injection increasing it's only a matter of time before the BFU realises the production that it did in the past and also increases to new heights now that the pressures can be handled.

May I also say that I think that Blackstouts musings and projections are not as fanciful as some people imagine and overtime he will be proved right and maybe even underestimating what might be possible.

Keep the faith and,

GLA.

Good Evening Everyone ,

I can categorically say and i am sure LVP will back me up, that the second trade was not showing on the real LSE on Friday .

It is a reprint or just as likely a handing back of shares that were never intended to be really sold / bought.

The whole point of that trade IMHO was to knock the gloss off Friday's buying spree,

with the added bonus that it would be reprinted on the lesser platform's today to sow the seeds of doubt in nervous

PI's minds.

HOLD ON TO YOUR SHARES.

GLA.

Good Evening Stas,

seriously if you were right the sp would have to drop to 0.9 p for them to buy them back without making a loss.

Even if we do not get an improvement tomorrow the tactic by the bondholders would only work if they manage

to persuade a huge amount of pi,s to part with there shares to grab more for themselves.

They know as you and i both know that once injection starts to take hold production will rise ,

the data from 2021 proves that .

Wouldn't you agree that would be a hell of a gamble on their part ,

i am not parting with any of my shares and i am pretty sure you will not part with any of yours.

I will concede that i would not put anything past Anavio though.

The sooner they are neutered the better lol.

GL.

LLP ,

yes i looked as well ,

could be a trade between clients with no money actually changing hands,

are there no depths to which these companies will not plumb to spook honest investors.

GLA.