Member Info for jollygoodya

Ecuagold, what I couldn't careless about is if people believe I have mutliple businesses or not. Fact is I do.

But what everyone in the world would or should care about is their reputation and absolutley ridiculous acusations of being called a liar and put your integrity into question by someone like Tony. Especially when the same accusations could be levelled at him.

Save it Tony, not interested in your comments and never have been after a certain point. You are not the guardian of this BB in my book and nor the oracle. Been a quiet morning, so I'm filling a few moments of time. Good day all unless someone calls me out and If I have time, I will respond.

Vernetles and rest of the BB (excluding Tony) my apologies. I have to take seriously and defend the insults levelled at me. I will post on here and do not accept Tony as the guardian of the facts nor of integrity. NONE OF WHAT ANYONE HAS POSTE MADE DIFF TO THE SP. I have a right to my views without being attempted to be bullied.

But I will say this not happy with management and nor was the market judging by the sp. It was not solely the op, as on many occasions sp was down despite op climbing.

If excuse me, I have multiple businesses to run and work on them 6days. Cannot compete with someone who spends most of their time on a BB, slating everyone and making false accusations and more worse the hypocrisy is unparalleled. I have to be pragamtic in my businesses and come accross many 'EGOs'. But why I dont whine about is stuff beyond my control and try to do things is in goodtime that are in my control. Something I believe management have not done.

"I would suggest a little disingenuous to bring louis10 up now to back up whatever case you are trying to make."

What is hypicrytical and completely disingenuous is you calling me a liar when you yourself have accused Louis10 of being oilman jim, without proof. Am merely using it to break it through your righteous than thou approach.

I will disagree with your inaccuracy on breakeven. You stated you cannot see a dividend cut on $35wti??? Whether it'd discretionery is debatable. Management clearly hammered the dividend on what level of WTI?

You called me out after agreeing to not clog the board. So you are not Trustworthy nor have integrity by doing the opposite. Not the way people with integrity work. What ever you accuse others of can apply to you. INTROPSPECT.

Tony: Jolly is a liar.

1/ Your criteria is I cannot back up the spreasheet aspect. That happened nearly 1.5 yr ago and am not so sad to record it and I cant trawl back numerous pages of posts but does not mean it's a lie.

2/ if that is your criterion, in none of your posts accusing louis10 of being oilman Jim which he denied could you back it up. So by your own criteria not only are you a liar but in my book even worse a 'hypocrite' in accusing me of something you do yourself. Whats good for the goose is good for the?

3/ None of your posts are factual and are all theoretical and based on hindsight and historical again something you level at me

and others.

4/ on multiple occasions you stated that breakeven is at $35 dollars and you cannot see a dividend cut. So if oil price has never hit $35. Why has I3E cut divis, cut capex, increased debt. You know jack sh*t and non of what you post is accurate nor factual.

5/ you have attacked countless people, far more than I thought and have used personal insults. A trait of a nasty egotistical individual.

6/ None of what you post makes a blind difference to the sp as it's all theoretical. Like sharebuy backs in the scenario of flatlined prodiction will make a huge difference all is theory and conjecture. Yet you think somwhow your are better than all. First sign of a loser.

7/ given your post numbers here you are a company stooge loooking to put down justified criticism of the company and the board.

God help us if you were running the company. Introspection is good for the soul.

I have lots more of your fake facutalities in your posting history here. So just pipe down and reign it in. Stooge.

"The amount of time you’ve spent here obviously means that you don’t have paid employment like myself though I am considering going back to work. Hey - and have a good weekend"

Clearly you lied and continued to post multiple times, adding weight that you live on board.

Look at my post history over the past year. Who has posted non stop here?

Not going to clog up the BB, unlike you many have paid other jobs. Yours seems to be paid here. No point talking to a stooge who has selective points and sticks only to positives. I will attempt to trawl through a lot of messages Einstein. The plan to do so was already in my mind Einstein. If I'm a dumbell, I must be a lightweight, the heaviest and largest dumbell, (who's arrogrance and selective blindness is self evident) is you.

How quaint, Tony the denier= facet of lying. BORING word play again trying to deflect. Not talking the spreadsheet being mentioned here (tool) but the fact that your spreasheet got a mention on proactive was referred to on this BB. Get a grip, just like the rest of your false accusations against countless BB members. Yet you ignore the negatives on the company side. You come across as a company stooge.

Meant older vids. But I will try and hunt it.

Tony you're in denial. Have been tracking back but proactive videos on their site dont work anymore. Will keep looking am sure there are others on this BB who will remember. I recall it got metioned on this BB too. Just because I dont have the link doesn't mean it's lie. Not everyone's mind works like yours.

Vernetles, possible and thanks.

Tony, how come you never touch on glaring errors and changes between RNS. I thought you were all about balance and against "misinformation" I can see a very high management based bias.

WCSB, I concur about poor management. The assets whether they are what we were led to believe is an area of concern, given growth performance even at peak oil prices. Decline rates maybe higher than touted/ anticipated too.

Vernetles, refer to RNS 2/3/2022 please. Also mentions:

"As previously announced, the Company has been in discussions with a number of potential Serenity farminees and these other discussions remain ongoing and may result in farm-out of additional working interests in the New Serenity Block".

What happened?

So Tony, am 100% sure it got a mention on proactive. You like to paint pictures about people which are false. You choose to ignore some points and touch on "low hanging fruits" as your colleagues at I3E often refer to. Why did they not hedge at higher op levels? That was something I and few others mentioned? Great mention was made on serenity and multiple parties in the data room to come out with the giant of the industry EOG. That was ballsed up too lets gloss over the cracks and defend your connected parties.

Haven't jumbled anything together ( it's called connecting the dots) You might think it's jumbled, however a company is a miriad of different facets. I actually do believe that you have information on certain aspects which is not readily available to the average PI. You have not answered about what it is that you think happened in relation to the delayed financial statements which were put as an alleged delay in the audit. (Infact that you attack people who dont agree with the picture you paint, reinforces my suspicions you are well and truly connected, your "famous" spreadsheet got a special mention too on proactive, I think) I know that no right minded auditor will cause a delay unless they have information delays from management; matters of material concern to provide a true and fair view; Going concern and or liquidity issues. But to term it is a basic delay in audit was a brush off imo as it was triggered in my opinion by undue delays from management. We all know how slack the BoD is in reporting. Clearly one can see the balance sheet was extremely weak but why given the fcf that was being touted. Clearly not due to weakened prices at the time. There's been facilitation of dividends as imo "Sweetners". Cap it off NOI been consistently been cut from the point of even higher commodity price points, no mention of significant wells, production was bound to increase initally from where I3E was but has not signifcantly grown since. Yet we were led to believe about quick payback periods even in low price environment. Then cut dividend 50%, switch to quarterly and sudden need for funding to cover loans that were known to need servicing and then throw in hey we might be using the funds to acquire assets. Hey what happened to the assets which was said to keep us so busy and we may not need acquistions anytime soon.More here than meets the eye. Gonna stop myself. You cant plug all this into a spreadsheet can you. Maybe naive management of assets.. btw how the heck do you decide to finance when interest have shot up and not thought about it when they were low?

Hold not gold certainly not that!

Loaded question you ask Tony. As you gold yourself to be the 'Oracle' of all things I3E and in my suspicions someone closer to the company than the average PI. Let's be having your "thinking" on what happened first.

I also dont think you get what happened with the delay in audit and then sudden loan facilities re-jig all coinciding and lack of reserves build up and lack of updates on any meaningful wells.

You've actually proved my point and so has the shell case that you highlighted. In a case of declining/stagnant production buybacks as futile. They will only work within a growth model. Otherwise reducing production means reduction in cash reserves and reduction in capital and reserves. That money on buybacks will be wasted. At current prices and expected increases you got to move production in a growth pattern not to flatline and eventually decline. What will happen to shareholder returns then. In the current production scenario, buybacks will be one step forward and two steps back. That's bonkers and anyone suggesting otherwise is bonkers i.e. you!

So let production flatline, make less money, possibly default loan covenants but buy backs are great lol.

Btw Tony, you're putting words in my mouth. I didn't say the maths is stupid. I said the notion that we should sharebuy backs rather than grow production is bordering on stupid, especially given the cut in capital prog and divis. Rather scale up production and then consider buybacks. Self-defeating for shareholders to focus on buybacks if production flat lines or near enough that. If management do a buyback at this juncture, I'll be very disapointed. Any uplift will be evaporated with a combo of traders selling and against a flatlined production will cause a decline in sp. So best to use cashflow and debt cap to boost production not waste on buybacks.