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Oil.....but we that was only a dream of Art's
For our tech and potential ...gla
Yep, sounds goods but waiting on the big news..gla
Seems you were spot on..gla
Start to get excited when we are above 10...gla
Might inject some life into the sp..gla
We're back, let's see what 2023 has in store for us..gla
Nice positive update...
Should be at least 3 when all the bonds are converted and flogged to the unsuspecting pi's....bring it on
Im new to this company, you all seem so positive, which major do you think is lining up to pay for all the new wells, Copl seem to be keeping things close to the chest, do you reckon we will get another partnering deal re the Co2 capture, who needs a new RBL, can see us clearing our bank lending by June with the new wells ect.....no wonder, the bond holders are holding tight to the bonds. Blue all next week I think...
Take away the interest on the senior loan followed by the 13 %interest on the £24 million bonds....should just leave enough to keep the the lights on..and with the additional costs to cover the ongoing waxing issues....let's just say, they'll be lucky to keep one light on...gla
Cornerstone investors buying time so they can liquidate the rest of their holding.
So there you have it, more borrowing to keep the lights on and bonds set at 13.25
From here on in, you'll be buying the bonds off their holders at inflated prices..
Ceras Roura S.A.
Could be wrong though.
Your right, this ship is unsinkable...a bit of ice, or should I say in Copl's case, a bit of wax won't cause any problems....
Why so much hostility to me ???, its Art you should be showing your anger.
No 5000 barrels !!
No drilling !!
No Ryder Scott report released !!
No RBL !!
Gave up any profit on the gas hedge to kick the can down the road re the oil hedge!!
More debt via bonds convertible at 13.25 !!
Production lower now than when we started !!
Flaring gas we paid for and injected into the ground !!
On a bright note, we now have shed loads of wax we didn't have when we started....
I have friends in the oil business working in the far east for subsidiaries of big oil companies and they say nothing gets done without a bribe, ok, it may not be obvious, but contacts are given only to (closed shop) family related companies at extremely good premiums ect,
Is expected and part of life in the oil business in certain parts of the world and now with PFC squeaky clean and big brother keeping an eye on them.....business deals may become a tad harder to generate..
You beat me to it, was just about to say the same before my phone died...
Would love to buy more but funds not available atm...gla