Member Info for itsawrap

"While certain initiatives may require further support from existing shareholders, they will be pursued with a clear focus on driving shareholder value."

...is this a fancy way of saying they will top up cash with a placing as and when necessary?

A-1 gas - Jan 3'449, Feb 3'287, Mar 2'988, Apr 4'054

A-2 gas - Jan 300, Feb 1'647, Mar 1'882, Apr 1'468

Https://va.mite.gov.it/it-IT/Oggetti/Documentazione/10561/15652?pagina=13

also Municpality of Tornarecio = anyone speak Italiano?

Https://va.mite.gov.it/it-IT/Oggetti/Documentazione/10561/15652?pagina=12

there's a new document posted 17/06/25 - 'Opinion of the Municipality of Bomba'

unfortunately it wont let me copy into google translate, perhaps someone else can try

Europa is on the ropes and Beacon is about to be put out of its misery (imo)

Morning pboo, we all know Bramhill is full of the proverbial, however ok.gov did indicate 100 bpd as at 21/05 so I'm hopeful the May data will be closer to 100bpd than the April 66bpd. I think these are the questions we are all asking...

Is the US business model sustainable considering how quickly stripper wells fall off?

Is UJO destined to have more strippers than a Gentlemen's Club?

Is Bramhill fit for purpose?

My advn post from 24/05/25 is below - based on this snapshot, the May data should be significantly more than the April data

select 'well completion list - last 7 days'

modify-date = 21.05.25

oil-bbl-per-day = 100 (flowing)

oil-gravity = 32

water-bbl = 0

gas-purchaser = coffeville (no gas sold to date)

first-production = 25.02.25

So according to the official data Moccasin producing 100 bpd as at 21.05.25

A-1 = Dec 167, Jan zero, Feb 176, Mar zero, Apr 177 ...this data set suggests A-1 can fill a tanker every 2 months

A-2 = Dec 172, Jan zero, Feb 173, Mar zero, Apr zero?

Taylor - no data

...but it won't change the world - Moccasin - April 1'980.59 (66 bpd)

March was 1624.97

If someone had bought every time the CEOs had, every purchase would be sitting at a significant loss - Directors' buying can be a good sign but it's not a guaranty. Having said that, if CS is granted permission, the sp will double or triple imo

Bear in mind the TWO ceo's awarded themselves a bonus of £44'000 each while shareholders got absolutely nothing except capital depreciation.

..so all they have done is invest money they didn't deserve!

Rns says they have been buying this morning

Interest in UJO & RBD this morning...WN news perhaps???

If CEL were to go into administration, I wonder how much the facility, stock, equipment and licences are worth? I doubt shareholders would see much after the lenders and suppliers have been paid although that last £500k is unsecured - does an unsecured loan rank higher than shareholders? The fact that the £500k only keeps the lights on until the end of July means opex must be considerable plus of course loan payments. If loan payments are a major drain on cash, perhaps CEL should agree a debt for equity swap

2024 accounts due this month although I would not be surprised to see an RNS saying delayed (due to going concern issues)

Heid, on advn I asked what does "re-enter and re-complete" mean. this is what chatgpt says...

What Does “Re-enter” Mean?

Re-entering a well means going back into an existing drilled wellbore. This could involve running tools or equipment down the existing well pipe (casing/tubing) to perform work. It’s usually done if the well was previously shut-in, temporarily abandoned, or if certain sections need repair or enhancement.

🛠️ What Does “Re-complete” Mean?

Completion refers to the process of making a drilled well ready for production. It includes steps like:

Perforating the casing to allow oil/gas to flow in from the reservoir.

Installing tubing, pumps, or other equipment to bring hydrocarbons to surface.

Stimulating the reservoir (e.g., hydraulic fracturing).

Re-completing a well means modifying or enhancing the original completion to improve production. This could involve:

Opening new zones of the reservoir that weren’t previously produced.

Repairing or replacing damaged completion components.

Applying new stimulation treatments to boost flow.

...so imo a proppant squeeze may be on the cards

Miliband's zealous approach to net-zero is an incredible act of self harm. Domestic O&G should be seen as a critical strategic resource, especially considering that our environmental standards are very high and domestic O&G has a smaller footprint than imported O&G. Then there's the financial side to it too...it's unbelievable that the world continues to pollute at will while we try to fix climate change on our own (a bit of an exaggeration but that's what it feels like to me)

I heard a rumour that's he studying for a Phd in Corporate Double-speak

Https://drillordrop.com/2025/06/11/burniston-gas-plan-poses-unacceptable-risk-to-groundwater-regulator/

...just to be clear, my post on advn was referring to Andrews 1&2, break-even is several years away as oil production has fallen off dramatically and as DB admits, Andrews is now a gas play