Member Info for Isthisawinner

We have no funds to develop/drill, it's an unproven field and just because Art says he knows more than Ryder Scott and there is loads of recoverable oil.......well, we know Art says one thing and reality is a lot different...

I'd say there was a lot more to say, just think it's Art who should be saying it, what's wrong with him publishing how the worked over wells are preforming, if they're fluctuating, well and good, but we can see the pattern and his logic for what he is saying...without details he's waffling.

Easy, don't start with the basic childish replies, we know your position from your posts in relation to news.
Art.....come on..shows us the worked over wells and how the output has increased....not the turning the tap on gradually for fear too much oil will come out.

And the ramping crew are turnings nasty, come on Art, stop hiding in the shadows, show us a detailed plan of the wells you've worked on and how it's effected their output.....is that too much to ask, he hasall that information in front of him..

This time last year we produced approx 58000, now 12 months on we produced approx 43000, that's over a 20 % fall in production. Ok, you can say there was an issue with the field which he identified, but he has been working on resolving this issue by shutting down and overhauling some big producing wells. These overhauls along with the de-waxing he has done to date has had no positive effect on the field and production is still declining. The flaring was for certain wells which had extreme pressure issues, but these wells alone will not solve the ongoing field issue.
Come on Art, what's going on, have you waxed up the whole field and not just the tubing ???

And to think there was talk of Art the genius keeping production low to crippled Cuda, who's he trying to cripple now...lol

Why was Art talking of 1600 pd ....just sounds like he is playing us, correction, he is playing us.

Tiburn....your just too positive for a real investor

Did Art get the tankers mixed up and pumped in superglue instead of gas...?
A few months back we were doing 60k a month....how can he be blocking all the wells up, I thought he was supposed to be an experienced oil man, he spoke of wax issues on a different job he done before, did he not learn anything while he was there..?

Agree, but you didn't, I presume you bought lower, like the rest of us, now sit back and relaxed...

Patient...not so harsh, I am happy to be proved wrong and will own the mistake , just like you, I'm sure you agree your recent postings of dome and gloom were proven to be wrong at the time as the sp has started gaining ground. We all call it wrong sometimes, no shame in saying you were wrong...we forgive you xxx

Jax, come on now, I give you more credit than that lame post you just did.
You know how shares work...
Never in a straight line and just set up our new high, which I will put my reputation on been broken by mid December...gla

Jambo, climb back under your rock.

Art..

Pumping less now than we were last year when Art spoke of 5000 boe/d before year end.
No tubing or money to drill the two wells which were expected before Christmas.
No RBL, just in talks, his way of saying it ain't happening but I'll keep stringing you along.
JV talks, to string you along into the New Year and beyond.
And let's not for the 10 million bond convertible at 13 if no RBL by end of December...
Also need 3 million plus, to rejig his new 6 well project....gla, your gonna need it.

Does make you wonder how many of these posters are actually invested here..
In talks with with a partner is basically just to string people along and can see any new partners calling all the shots as we're starting to look more like Cuda.
Art would have been a great help in the deep water horizon well disaster as I'm sure he could have got that well plugged in no time.
If its Continental that is doing due diligence, I would expect a buyout in the New Year after all the bonds are converted @13 with a buyout price of 20 if we're lucky....gla
Ps..600 k a piece to complete the six identified wells, where is Art getting that money from ?

Copl are producing 1600 boe/d......OK, we have proven reserves, but so had they.
Come on people . ....what would Continental pay gor Copl ?
Art, get a move on, we so badly need increased production...gla

Continental bought Chesapeake for $450 million in 2022, producing 19000 boe/d...
Continental bought Samsung resources for $215 in 2021, producing 9000 boe/d...

But I'm sure you get my meaning...gla

All this talk of high valuations is pie in the sky atm. We are simply not producing enough oil atm, ffs we were producing more this time last year before our expert Art got a little greedy and f..ed up production by excessive flooding which has left us spending millions fixing something that wasnt broke in the first place. He has spent the last year stringing us along and his latest hint of a JV is a prime example. We have no pipes, we have no contract with the rigs we're spending millions trying to unplug what we plugged. We're flaring good gas that we spent millions buying and Art's communications are just as bad. We've seen more of Art's house than we have of our project....
He doesn't give any details of how production is going ...and why ?
What would be wrong with him giving out a field plan detailing on a fourtnightly basis of what wells they are working on and how production is coming back online......because the truth is simple, he hasn't got a clue, he is de-waximg/flaring and the oil figures are all over the place and it will be months before he gets this field back under control...There have been so many near misses where we would have gone bust here with the latest been the flaring, what **** show would we have been in if the committee had said no....as for this JV ?, my guess is the backers are in fire sale talks to get an oiler to come on board and fund the project as they're not too happy to put more of their own dosh in.
Rant over, come on Art, stop all the waffle