Member Info for Jasper13

Conger…. I’m over 100m

Bluhope...apology accepted. I have only ever had best intentions when I post on here or elsewhere. Everyone invested wants the same outcome and that's to make some money. Today's news is a pivotal turning point and a milestone for the company. This means we are going to be cashflow generating. And for anyone vaguely interested I did clarify with the company how soon would we be turning the taps on after the court injunction was lifted, the response I received was "almost immediately."

joeblogg...I think you'll find if you read the funding placement RNS there has been no date communicated as to when the shares will be available to trade on the market. This will be communicated in due course when the tranche has been issued by 12 January 22.

Perhaps certain doubters may wish to read my post of the 14.12.21 titled Reflective View. I'll say no more.

Gordon ...I give up with these clowns. I won't be posting any more details or information I glee.

Bluhope ….. suggest you read some of the posts yesterday on Twitter by a certain person claiming ratification meeting taking place. And no it wasn’t me. Could that have been the reason for the spike, who knows? The company are aware by the way. Do you also know MMs manipulate and drive liquidity? Trust me I know this been AIM investing for many many years. They also know when an RNS has been logged for release. Perhaps that drove the price as well? For you to suggest it was solely down to “little old me” is nothing short of absurd.

Bluehope …. I am in disbelief of your message. You topped up because of me!! If I told you to go jump off a cliff naked would you do the same?! If that’s how you invest then I think you need to give your head a serious shake.

Bluehope …. You sling an awful lot of accusations don’t you? Are you even invested here. If you frequent here and Telegram you’ll be able to read everyone of my posts. I have over six figures £‘s invested here and am currently showing no profit, nor indeed have sold or bought back a single share. Yes I both speak to and correspond with Roland. With that amount invested I want to have access to the board, it’s called due diligence (look it up). You plainly have an axe to grind but unfortunately you are making yourself look stupid. Why not contact the board yourself and question them with your accusations. You’ll find access to the boards contacts at the bottom of the RNS’s, you know those announcements the company make from time to time.

Bluhope...think you need to learn to read and decipher posts. Where have I posted info about yesterdays fund raise? Another one for the bin.

Well that certainly was a rollercoaster of emotions yesterday and having now had to time reflect and hear first hand the why's/what for's I understand the train of events more.

Fund raising was always a given, mentioned in the last quarterly, and much needed to support the development plans for Cambay and to ensure the business remained solvent. Fund raising's require a period of time to negotiate and co-ordinate and during this time the executive employees and participants are taken "inside" so no external communication is allowed. As part of this process the fund raise price will have been agreed, this could have been weeks, if not a month ago. Fund raising's will always be at a discounted price, that's just the nature of them.

Yes it would have made far more sense to raise after the GOI ratification, but that timing is out of the businesses hands, and they will have needed to get their own finances in order to continue to progress matters. I have already expressed my disappointment at this but do accept that there are many variables in play here.

On a positive, funds now secured, and we can continue to press ahead with field plan development, production and fracking. Two pieces of news to drop anytime - 1. commencement of production notification after receiving all the required approvals 2. GOI ratification

The business is focused on generating positive cash flow, and proving up the Cambay known reserves. At todays share price we are no where near enterprise value and I would expect to see a steady rise as imminent further news drops. Keep patient if you are invested and perhaps even under water, you only realise a loss when you press the sell button.

Seems we have some interest and traction. Watch the volume :-)

VF ....amazes me you put that detail on the board and it just gets pushed aside and clogged up by all sorts of crap. Anyway watch the volume it will be key in next 24/48 hrs. No smoke without fire and all that.

Morning everyone, there is a lot of talk and nervousness around what is happening currently so I thought I would just share what I know. OEX are hopeful that GOI approval will be received around the 15th December. This is what has been indicated to them from their in country manager. The board are as keen as us investors to have this ratification finalised so that they can continue with their development plans, per the recent RNS's. Hopefully we get an update this week, and that is rhetoric directly from our CEO. Stay positive and have patience.

Dakad…..two pieces of news can drop anytime. EIA permit approval or GOI ratification. Both outside of OEX control, although I’d like to see OEX being more proactive in chasing and following these up, if they aren’t already.

Espen….. I read it that they’ll raise in the next 3 months from the date of the quarterly which is Sept, so by the end of the year.

Just to be exact from Roland he said they’d like to be planning work over on C77 by end of the year (probably in December) and plans are being put in place to achieve this with crews and equipment. Well service contract announcement now confirms that. This would need funding so ties into what they have now officially made public information in the quarterly.

I think SP will come under press until funding announced and then we should hopefully see a climb back into the mid/late .20’s in preparation for what C77 could flow like.

Not sure if many have read the quarterly word for word but it does state an equity raise will be forthcoming in the next 3 months. See extract below.

I see this as positive and the only unknown will be price. My reckoning is a discount to current SP and probably raising at around .18/.19

Will generate us around £2.2m in £. Should fund C77 work-over and refrac and give us another 12 months of working capital based upon current monthly cash burn of £100k pm.

If Item 8.7 is less than 2 quarters, please provide answers to the following questions:

8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: Yes.
The Company expects that it will continue to have the current level of net operating cash flows for the time being.

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: Yes.
The Company has on hand investments in listed equity securities (with a market value of $417k at quarter end), which it plans to sell during the December 2021 quarter.
The Company also aims to arrange an equity capital raise of approximately $3 million in the next 3 months.

Thank you Gordon. You took the words right out of my mouth. :-)

Jack - then I suggest you ask him about the cash burn (monthly) and deduct that from today’s quarterly report cash reserve figure. I did. Then go figure.

Jack - do you understand what cash burn is? I have had that confirmed today from Roland. They have no access to loan funding at the moment. They’ll need cash January latest to just pay salaries, bills and suppliers. They’ll be raising funds for the C77 work over and re-fracking plus working capital by the end of the year.

Jack …. I think you need to give your head a shake. The cash position is clear as day spelt out in today’s RNS. There will be no gas flowing until Qtr 1 22 at the earliest. Suggest you contact the company and ask them your due diligence questions.