Member Info for Jamesthesecond

News are OVERDUE and probably will remain so. These buyers probably are setting up a pump and dump operation. We will find out later today or Monday. However consistent buying may indicate some positive development. and this can go to 0.1P in a blink.

Market makers are happy taking large sell orders. Buyers are returning for the uplift in gas prices and consequently higher SP. Doom and gloom prophets are out in force blaming the lack of clarity on financing which is being sorted at good speed. Onwards and upwards

Some big buys today!!! wonder whats going on behind the scenes

The proceeds of a proposed Global Refinancing, as referenced in the RNS of 14 July 2023, are expected to repay both the current outstanding of £7.3 million under the senior facility and the combined £9 million bridge facilities. Alternatively, the Company and the Lenders, by mutual consent, may either agree to extend the bridge facilities until the Saltfleetby Field cashflows can be utilized for debt service or, convert part or whole of the Bridge Facility into shares at a 25% discount to the 30 day VWAP, subject to a floor of 0.4p/share, including in an event of default, in which case it will be at the Lender's option, if neither cure nor other remedy can be agreed between the parties.

Its the above which is causing grief to the share price. Where is all the surplus revenue/field casflows going? The SP downfall is solely caused by the pathetic BOD who seem to be in cahoots with the lenders to steal the company asset.

Https://www.bbc.co.uk/news/business-66643277

Strike back on- gas prices rising again. already getting cold -Time for Angus SP to react positively and firmly.

Thank God for that

The company owns 100% of SFBY.

It can and does generate revenues of £2 million per month on average from gas ,condi etc assuming gas price is around £1 mark throughout the 12 months. Its overheads will be and should be less than £600k per month. That leaves £1.4 million per month towards repayment of any loans. And if the gas prices double to £2 this winter, the impact will be amazing. We are already just under £1 and winter has not set in. Its all to play for.

BP- every surplus £££ is important whether from cost savings or revenues. £1 million of annual saving is not to be sniffed at.

Reduction of monthly costs is GOOD. It means more money in the bank.

Weird that a UT trade went through 1st thing this morning at .82 and now another 1 share traded at .82. Is there a big buy not reported yet?

Each 1 pence is worth an extra 1K a day

GL has resigned as he may have been rewarding his mates via the various extortion deals at the expense of shareholders and don't be surprised that he may launch an opportunistic bid with the help of those mates in the near future. shareholders have paid for the cost overruns/ negligence/overruns and exorbitant finance etc and now everything at SFBY is clean and fully operational it is ripe for takeover.

With the gas price shooting up, and ifs sustained than angs SP will catch up. Its alters positive cashflow very significantly and favourably.

Clarity has been made in an "ambiguous" way, typical angus. the company/GL has been overspending and messed up the hedge and has been hiding . Revenues have sustained high overheads etc and now bridging finance is in place revenues should cause some accumulation in the bank balance. clarity is via confirmation of incompetence and negligence of GL without admission. I believe the future is good. gas prices have fallen more than anticipated ( expectation was the floor being £1) . but its not so bad. we should be making a huge profit and the storage, at the right time, will be of immense value. Frankly, its time to accumulate and I think buyers will return after paying for holidays and just paying the July tax instalment.

BP- PF has a track record of selling all his stock at a decent profit. He has not been selling and his sales would have been disclosed. The stock coming out is the "fees confetti" which is almost extinguished. 5 million purchase might push the SP in the 0.8s region if not more !!! Just my 2 cents

The answers do explain the lack of cash and its noteworthy that the problem is now a historic one.

The storage valuation is mouth watering and will be reflected in the current SP sometime this year when the partner is selected and revealed. 3-5 p is a few months away.

Fee Confetti shares almost gone.

IQ may be answered today.

Balcombe news due soon.

Permanent pipeline completion.

Should start the recovery in SP!!!

It may more than double from here as the plan is to have the warrants exercised at 1.65 soon. This side of Xmas!!!

PF is not dumping shares. Its the confetti issued for fees .

Agree with the Financial mess comment 100%. GL & crew have been dishonest about disclosure of true losses regarding hedge. There is also some "missing revenue". Where has the £9 million surplus revenue disappeared? Also company statement about production at 90/95K daily production is at odds with verifiable number of 100K plus therms per day.

Either way the decks are now cleared. We know about the total debt and £300 million worth of asset without the storage. the only variable is the gas price which has begun its northwards journey.

I have no doubt that the SP will recover with a vengeance once deceitful GL is out of the way shortly.