Member Info for lloydyboy

At this point, i feel it would be good to get some oil workovers done. On Cinnabar and also Sagebrush, if we can start building to 500/600 boepd then we are at a £15m mcap and self funding. Surely with the assets we have under our belt, for simple workovers, this has to be the way forward? Sagebrush was doing 600 boepd on its own not so long ago!!!

Hopefully the oil man goes after the oil. We have enough opportunities

Cc meeting?

Was never interested in it anyway. Return on investment is shocking

This isn’t bad news- should never of had it in the first place- roi is shocking

Always said vecta was a total waste of time.

Do you know what he did for the company?

Incorrect- Vecta are the operator so it’s on them. Also it took over a week to get to the bard so watch this space. It’s not all roads from drill to drill

That people need to see the dynamics of what is going on:

- Vecta are in North America being overseen by Howard anyway

- Howard owns a share in sagebrush and probably wants it moved forward in a more timely manner

- the logistics of a ceo in Sydney were a nightmare

- Andy got given his warrants- probably to move him on more fluidly- suggests to me he may have been asked to go by the board

- board potentially unhappy with what’s going on with Vecta too

- no shareholder return in 2 years

- looking to expand US so sagebrush and coyote come online quicker

- wouldn’t surprise me if Tim rynott takes a board position- potentially even CEO

I like Andy, but he hasn’t been successful, now a really good choice in CEO with our asset base could be a great result for all involved.

They are water drills so you would hope so

Liked Andy. But having Howard in the US is extremely helpful moving forward. Hopefully he wants to make an impression.

Do you know what the commercial value of Vecta helium is worth to us- probably less than the share price drop today. The project needs to be canned and we need to push on with sagebrush- now

I agree. Nothing positive has come from Vecta at all

The drill cost $200k and the result has cost us £1.5m on the mcap- short answer- get rid of these drills.

I have a good one for that but will leave it there, don’t want to see you banned- I love reading your rubbish

Couldn’t escape mate, keen as mustard

Not what your nan said….

Glad we have decent drilling consultants like you here. Thanks

If we can get $2m back in the bank and 5% royalties on the 5 licence areas we are in gravy land. Then on to the next- sagebrush h2 2025

What else do feel mosman can do with them? Land bank them? Dillute shareholders to drill? Or..... Get four times back from vecta and JV it? Or take 5% royalty with no money down. This is a pretty simple principle. Sometimes I think people mistake us for a big producer, we are tiny.