Member Info for Jasper13

Pboo …. Thank you. Thought it may have been him/her.

DaProphet.....I don't think we can rule anything out at this stage. And the main issue, as I am sure we all agree, is cash position and what is likely to be their next steps for extracting value and cashflow from the licence and field.

If they are a confident the oil is there, and remember they are producing all be it small quantities from the Sch1 well, I can't see them just giving up and placing company in administration. If they decide to drill another well, they will of course need funding and this could take some time.

I genuinely believe they have just been unlucky with this well and the mud weight damage has been just too much to allow sustained and expected flow from that particular reservoir. Bear in mind if their technical team are still working to resolve the issue we could see anywhere between 50 - 100, or more barrels of oil per day. Disappointing yes but not a duster.

Stewart confirmed that they bitterly disappointed and are focused on the 3 core matters that were detailed in the last RNS -

(1) stabilising flow rate; (2) reducing costs to maximise cash flow generation; and (3) discussions with creditors to manage cash flow.

I understand why the shares would have to be suspended on Monday, thats just stock exchange rules and outside of their control. The unknown of course being when would they re-list or other strategies in play. This is a binary play now at this stage, could go 50/50.

DO NOT listen to this individual spreading false information. They are not de-listing on 1st July. They may have to suspend as their audited accounts will be late for filing.

Carrott...that is absolutely not the case. You obviously cannot read and are just spreading FUD.

Tulip Oil own 30% of BCE.

Tulip Oil Holding B.V. is a privately-held exploration and production operator. The Company operates assets in Germany and is owned by funds advised by GNRI, management and staff. The Company was established in 2010.

No doubt conversations taking place with them.

We are told that the current focus is (1) stabilising flow rate; (2) reducing costs to maximise cash flow generation; and (3) discussions with creditors to manage cash flow. What could that mean and look like?

(1) - exploring other operational options to improve flow rates. Upgrade to a larger ESP, change the pump type, adjust pump speed. All manor of options could be being considered.

(2) directors reduction in salary, or payment in lieu via shares. Standing down contractors or personnel.

(3) discussions to extend credit terms. Rolling contracts into further requirements. May involve enhanced terms.

Beacon maybe talking to their institutional investors about short term funding, not necessarily issuing new shares.

All will become clear upon final sign off of audit accounts, which could be qualified. What we don't know is how the next phase of their strategy will play out.

Everyone is hurting over this and thats the risk of AIM investing. I believe Stewart is doing all he can to salvage the situation and as a shareholder you have two choices - 1. sell up and move on, take the loss. 2. hold and give benefit of doubt that it could turn around.

We will no doubt know more very soon.

Augustus … are you $5.5 per mmBTU gross or net?

I presume you are getting this from the financial Conrad NPV projections ?

And then right on queue the two boiler room boys turn up together. Text book 📖

Some key hi-lights....they are not done here yet imvho.

"Electronic logs obtained in side track – better quality data and reservoir same or better than original well."

"Options to further optimise production to be reviewed and considered."

"Material oil accumulation discovered"

I am still here. Never have i said oversold, or don't panic. Read my posts and you'll see what I said. Putting words in people's mouths.

Https://yourir.info/resources/3f46e16f9e883e80/announcements/crd.asx/6A1212721/CRD_Mako_Binding_Gas_Sale_Agreement_Signed_with_PGN.pdf?download=1

From a poster called UKDannyBoy on ADVFN

There seems to be some ever growing rumours that several large preferential shareholders have been contacted in regards to a convertible loan agreement to raise ?2.5m to fund another sidetrack convertible into shares at nominal value (0.0001p). Approx a 35% discount to the current share price of 0.00013p.

Carrott …. Fixated by me aren’t you. Very sad individual!!

From their last RNS and comms with their CEO

Confirmed by the company. The clean up has been ongoing for over 2 weeks now and pressure build up of the reservoir is ongoing. They are now stabilising the flow rates and this will be announced in due course. That is FACT.

Clean up and pressure build complete. Monitoring flow rates.

I would politely ask again is there anyone here that will post the link to the Telegram group? Always good to see first hand what peoples views/ intel are. After all aren’t we all striving for the same thing; to make some profit from your investment or trade?

Sharebel...don't disagree with any of that at all. I bought another 50m this morning. Company said clean up, allow pressure build up and see what stabilised flow rates would then be. I was told by the company that would take "2 weeks or so." We are a few days over that time frame now, which suggest news could be very soon. And perhaps the leak has some credibility. That's also an unknown.

Interesting that the rumour hit yesterday followed by orchestrated buying. Yet difficult to buy. MM's caught out.

Rumour via Telegram, yet no one would post the link for newbies to join and see for themselves. Why? P&D?

Based on the above who and what do you believe? Only one way to find out..... I am waiting to see if i get a reply.

Carrot13 ( or perhaps another alias). I have never put anything fake on any social media. You have no proof whatsoever. I shall be reporting your post.