Member Info for labrat99

Water cut is the biggest issue with this well, was clear from the onset that this would be a problem. Adding significant cost disposing of this.

Acidizing production intervals is normal procedure. There has been no mention of using the proprietary techniques at Stockdale. The companies strategy at present is to work over the wells, then return with the proprietary techniques when production declines. Where have they stated they are using these techniques at Stockdale?

Asphalt ridge is not 82bpd to MYN.

Aspects were ahead of schedule was what they stated. The plant even at the 250bpd stage has hardly run (10000 barrels over two years is 40 days) and during that period they had plenty of issues. Increase that to 1000bpd and this is not the dead cert that some are portraying.

Thanks for that, is the allowable not a daily figure?

Well one way to remove any doubt is for Eddie to release an rns stating the company is fully funded for the near term, rather than just saying the work program is funded. Supposed phone calls are not enough it seems. $150k cash burn a month without any work programs or planned lease purchases, if the wells have just be placed online then little to no revenue until the last couple of days. Funding should be a concern for anyone with any sense. Wonder why Align have not addressed their "conservative" production targets, targets that those who questioned where labelled "erroneous". Looking extremely optimistic currently.

No the current terms, as each stages progresses then the terms are adjusted to reflect this. Basic stuff really. Say if someone said Asphalt ridge was due to start next week, it would be at 42bpd, not 80bpd. It would not be very clever to apply terms that are not expected until July to something in April.

25% economic royalty of 1000bpd is 250bpd to Deloro. 17% of 250bpd is 42bpd

Managed to get 3 storage tanks and heavy equipment on site to prepare the pad, so clearly had decent enough access to get a rig on site despite the weather. Very unlucky with the weather is Eddie, consistently affects operations to a higher degree than other companies imo. Its also totally normal for oil companies to only give well results for nothing above 24 hours, happens all the time. Four wells online since November is average at best, considering all the talk. Once again Eddie is been exposed as all talk and little action. Roke results where are these? Nothing, zero, zilch in the rns about this. Very poor as usual from Eddie. Market reaction to this says it all. Over promise and under deliver.

Looks like the roke testing was duff and per their usual practices this will not be mentioned again. Staggering the progress made to date, four wells online, no holding these boys back. Yet again its the weather to blame at Shoats creek mk2. Still only giving 24 hour rates for the wells, wonder why they are only using this limited timeframe, does the rate drop off a cliff if produced for longer? Maybe an issue with reservoir pressure. See some people are still unable to grasp the current working interest at Asphalt ridge. Once the behind schedule plant is brought online MYN effectively have 42bpd from a 1000bpd plant. This is not difficult.

Why would they need assistance with the fund raise Deloro are selling units for 5 times what MYN paid are they not? Are you suggesting they are struggling to raise the money? Do not recall any mention of a new cpr, cannot see this happening until stable production has been established for a good few months. To late to assist with the fund raise. AR does not need to be producing 1000bpd, the monies are due 30 days after the expansion to 1000bpd is completed. Have you sold? Not many days left in the first quarter for production to start at Asphalt ridge before the second target is missed. Its taking a longer time to get this plant up and running despite all the talk. Not a surprise to those that have properly researched this and noted all the teething problems outlined by the Nexant report.

Was the share price 0.28 then? Posting when the share price was at that level and never mentioned any buys. Hindsight trading at its very best. That's despite posting a strong buy recommendation as well. Laughable. Still not answered if you are going to stick with what you posted in October. Making trades up and going back on what you said you would do. Very poor.

When did you mention it? Should be easy enough to copy and paste. So are you going to stick with your word and not post if this does not 5 bag by tomorrow. Very poor if you go back on that imo.

Not many more days left posting drillingcrew, assuming you are sticking by what you said in October. Never mentioned all those buys at .28 either, hindsight trading. Wonder why this has not been questioned by a certain individual whom questioned my trades even though they were posted at the time. Double standards.

Someone with such a large social media profile is not as anonymous as they think there is always a KEYA pieces of information that gives them away.

Restricted by a placing?

Simply should have posted that you did not know. Says it all. Noted that you and another poster when pressed both resort to phone the company and both have this obsession with this caf� and lettuce. Sure its just a co incidence though. Nothing to do with the cafe and highly amusing that this belief continues to demonstrates your lack of intelligence and ability to research imo.

Finances are strong. How about some substance to this. Cash balance? Burn rate? How are they going to fund the leases? Why do all the "investors" in this share continue to swerve finance questions, very odd for "investors" to fail to want to discuss this extremely important element. Obviously as you mistakenly continue to post the same drivel about a cafe that I have nothing to do with shows the level of your intelligence and ability to research imo.

Is the cash balance increasing? How are they going to fund the cash burn and the purchase of the additional leases? As these questions are finance related the default position on this board is to ignore them so do not expect a serious response. Standing by for the childish name calling instead. So yes a placing is looming, you will note that there was no timescale mentioned. So not sure what your point is. Also have no idea what the "mr 5 minutes in the game" means, sure it is amazing banter though. Yawn.

You need to seek help for these delusions.