Member Info for JohnHenry

Gmcc the placing shares have probably almost all been passed onto the PI investor over the past 5 days.

Placees would have taken their easily made profit and passed the risk onto the PIs.

Its a no brainer for them, easy money.

And of cause no real reserves to speak of.

Unfortunately there are now 3 times more shares in issue. Massively mismanaged against huge dilution.

On admission in March 2017 its raised £10M
May 2017 . £7.4M
OCT 2018 . £1.0 M
Jan 2018 £6.0 M

This company has spunked away £24.4M on workover that have increased production from 38 to 55 Bopd and 103

Seftons has lied so much he doesnt actually know when hes actually telling the truth.

will be filled down @ 8.9p now that 10p has given in.

under the placing price.

It doesnt

O2B@C a large amount of the 60M shares would have been forward sold @ a lot higher prices than 10p, Hence the placees will be happy to dump below 10p as long as their average is above 11p

11:40 AM

about to go under the placing price.

Im guessing if forward selling has been down from 15p they will be happy to sell down to 8-9p as long as their average is above 11p

Wing it soo what about the 44M of Oil discoveries already confirmed ?????

However im a little concerned that they may have not been able to raise funds @ 10p.

Of cause its not going to drop to 10p not until the forward sellers have completed.

Technicals point to a filling of the gap and 50 EMA @ 9p.

Sefton is very clumsy, i guess he knows hes dropped a complete clanger from Thursday.

Todays interview was not from someone who couldnt wait to talk about the results.

very lacklustre he certainly wasn't the cat thats got the cream today.

Spot on again Spike, his demeanour was that he was hiding something.

Placing.

check out the interview on the 19th/ 12 and emails from Sefton.

Completely agree Spike, hes obviously aware that the SP is getting absolutely hammered.

Interviewer should have asked about the collapsing share price.

Eggonaroll, its common knowledge that they need funds to finish the current drill. Sefton hinted at the debt markets, my guess he couldnt raise through the debt market and has had to go cap in hand to the market.
And the market has been Ruthless.

You cant hide a placing from the market.