Member Info for JohnHenry

Excellent video, i thought we may get flow results ( Incorrect wording) well flow indications this week via X

Should get Linda flow rate next week

There was a buyer or buyers for the 500k so onwards and upwards

There was a 200k worked buy yesterday @ 14.75p so the 500k is unlikely to be a buy @ 14.55p

Anyways its in the Price and may explain the weakness

Not sure Troajan im thinking a worked sell. maybe connected with the 300k a few days ago.

Pattern (wave 5 on the Hr) pretty much complete imho

Horizontal support @ 14.5p Dynamic support 50 day @ 14.45p

Move higher imminent to test the recent high and 200 day average @ 16.8p

Aimho

Drilling operations - To further optimize our existing Cascadura infrastructure, our preliminary 2025 capital budget includes the drilling of four gross (3.2 net) Cascadura development wells. Two wells are expected to be drilled from pad B in the first quarter of 2025, followed by two additional wells from pad C in the third quarter of 2025.

Operationally a total shambolic performances that continues.

Cost overruns, delays in completion, repeated drill challenges ( Poor understanding) etc

Amounting to Millions of dollars

These wells are costing an absolute fortune due to the BODs incompetence.

Looks like half the $20M fund raise will be sucked out by CAS 4 not a great start.

Thing is SirMark what have they learnt from all the other FU, Nothing from the looks of CAS 4

Not one successful drill without any issues and costing a fortune.

Imho i hope they P&A CAS 4 as they clearly do not understand the Geology and do not know how to deliver a successful well on this block.

To keep throwing Millions at a situation that they clearly have no clue is a recipe for disaster.

Time to take a step back from operations and re evaluate.

Sirmark they are not the RSP quotes that is just L2 means diddly squat.

The only possible bad news i can see on the Horizon is Plug and Abandonment of CAS4 ST.

For whats its worth i hope they shelve CAS 5 and move straight onto Central Block.

However operational risk remain especially with BAAY and the current team in charge.

Or well and good re Central block but can this Management be trusted and have the skill set to deliver.

The Excellent Assets arent the issue its the CEOs ability to deliver on those assets

The decline curves are well known, hence the SP collapse over the past 12 -18 months

Current Valuation appears crazy when you consider debt is easily covered via CB revenues.

Added Bonus is that debt payback doesn't start for 11 Months

Tight spread 19.75p v 19.8p

Not sure why they are sat at 20.5p on L2, irrelevant.

Volumes still low, currently buy under Mid @ 19.9p

For $30 M down from $33M

New shares admitted on the 15th

New long stop date Friday the 16th