Member Info for luckyman2

10p maybe

https://oilprice.com/Latest-Energy-News/World-News/Argentina-To-Sanction-Oil-Firms-Drilling-Off-Disputed-Falklands.html

https://oilprice.com/Latest-Energy-News/World-News/Argentina-To-Sanction-Oil-Firms-Drilling-Off-Disputed-Falklands.html

https://oilprice.com/Latest-Energy-News/World-News/Argentina-To-Sanction-Oil-Firms-Drilling-Off-Disputed-Falklands.html

Was only at matter of time until we diluted.
Might top up if the SP drops to 10p otherwise will wait till after placing.

Still dropping.
Should be able to buy around 0.08p soon at this rate.
I would imagine that they will be thinking about raising some cash soon.
Got to have enough funds available to keep the lights on for the next few years or else we will be broke and an easy take over target.
A bit worrying really. Imo

We need more funds to keep us going while we await patiently for our farm in partner to come along.
Mind you any potential farm in partner would be better of taking over BOR as its probably work out cheaper for them.

Placing will take place that's for sure but at what price.
My guess would be 0.6p and that's if we stay at the current SP. Imo

We need to raise cash while we still have enough money to pay the bills and directors salary.
Cash call coming soon . Imho

I see Argos has just done a fund raise.
I guess we will be next.
Every month that goes by waiting for a farm in partner the closer we get to having to raise more funds.
Our savings are getting depleted.imo
E wait for a farmin partner

Low funds mean one thing.
Dilution for fund raise.

https://www.express.co.uk/news/world/1416612/Falkland-Islands-Argentina-Daniel-filmus-Boris-Johnson-UK-threaten-entire-region-Malvinas

https://www.express.co.uk/news/world/1416612/Falkland-Islands-Argentina-Daniel-filmus-Boris-Johnson-UK-threaten-entire-region-Malvinas

The problem is that we can't afford to wait forever to get a farm in partnership.
If this goes on much longer then we will have to do a fund raise which means dilution for us long termers.
It costs us money to keep ticking along such as licence fees admin costs and wages for the directors.
So waiting and waiting for a farm in will cost us all.

Still looking to find a farm in partner. Imo
Could take another year

Yeah.
Still looking for a farm in partner.
Hopefully will get one before the end of the year otherwise we will have to raise more money to keep going for another 2 years.

Probably another placing .

Good not to panic sell.
Now let's get to over a pound and test new highs.
Let's get to the Boom then worry about it later.

Yes it did
So the Boom should be next. imo

Just hold tight .
Do not be tempted to sell on a poorly written RNS.
This will come back by end of day. imo