Member Info for Maladoni

We peaked at 17 (I should know I got a fist full) on the assumption of 1100 from one well in a 5 well program. It’s difficult to call think the market will be more cautious, but 3D will give a much clearer picture of the asset. With a couple of successful drills we should hopefully be North of 10p in the mid term.

Whilst the last RNS was reassuring there wasn’t anything to add any fiscal value. There’s no real volume sporadic at best and no sentiment, so we stuck below 4p which is a poor reflection of the asset.

What I’d like to see (occasionally) between the gaps in news is a 10 minute vid where the issues and challenges are explained in more detail, maybe with the help of somebody with dirt in their finger nails. Not a loaded interview but a presentation of the facts. This would also give the platform to update the progress of new drills, gas connection, update of sales or volume stored etc etc, along with an overview of what new opportunities are on the horizon.

Comms is key to long term share stability and ramped mid-tier status.

Oh you replied too quick man, no chance to smoke out the deviants ;)

V111JAS - This makes me think that there has been some determination , from some quarter , to depress the value of the business .

Well good luck getting you're next buy in. If enough loons believe your narrative you might just get there. NOT.

When he’s done if he could patch up inflatable Ingrid for me that would be appreciated.

Made me smile Ezhik you tinker.

A takeover when the financial results of the first years drilling program are unknown and are likely to be below forecast, I doubt it personally. I can understand why people are searching for reasons behind the continued slump in share value but we simply have to be patient. The landscape changes all the time and deadlines and targets are missed or exceeded. We’ve hit the bar but the change in drilling programme shows a fluidity and everything that we got excited about in the last ops update gathers pace every day. Once we see £’s in the bank we’ll rise.

BYOF

Further details on the onshore opportunity can be viewed in PDF linked below.

https://www.iene.eu/articlefiles/giorgi%20tatishvili.pdf

Well Scoob with have 54 days. Would expect operational update before then whether this will include any sales figures is open to question. The latter would certainly help short term sentiment. Half year report would be a nice time to see some director buys as would now before the closed period kicks in.

I'm really chuffed for the LTH's there, some nice lads who stuck in during the lean times.

Its like, man I don't know what its like, its unreal.

Knock
Twist
Fiddle
Knock
LEK

In the kingdom of glass everything is transparent.

I pointed that out to the admins when I reported his disgusting post. Just a matter of time.

Mike was deeply psychotic, lots of under lying issues.

Don’t see same tendencies with this fella, he’s just not a very nice person.

Think, woman, credit card and shoes and you're on the right track.

Holey Bat Smoke Heps!

But Nico, they owe him, THEY OWE HIM!!!

Heh. Are you seriously suggesting a dead cat bounce would add 65% to share value. It's more like a millipede wearing nuclear powered spring mounted intercontinental ballistic bounce. Keep em coming, I assume you're here all day :)

"Sorry yo hear your loss I'm 65% down but waiting for breakeven as it will definently come".

How is that quoting you out of context?

Heps, the use of "mate" could be viewed as an example of trying to have it both ways. You see you can be subtle when posting but these types don't have a long term play so will inevitably break cover sooner rather than later. But yeah, shouldn't be biting really.

Bill. Trust. You really are a turn aren't you. You're positive a 65% upturn in current share price will happen. Your words. Yet you put a great deal of effort into trying to influence the opposite. Such action gives you zero credibility and any salient points you make are lost. If you speak 100% of the truth then your investment strategy is as dodgy as your logic. You can't have it both ways mate and expect warmth.

BYOF.

I don't disagree in the main all is too be proven but you are a tad selective at times in the information you present.

Wellhead flowing pressures have remained high, indicating the well's long-term flow potential. Although significant, the water cut has been stable since testing began. Analogous wells close to West Rustavi have produced for long periods: For example a vertical well located two kilometres to the north has produced for 20 years with a similar water cut. The Company expects WR-38Z, a horizontal well which has already produced more than 5500 barrels of oil, to be significantly more productive than a vertical well.

Once the facilities have been installed, the Company intends to flow the well at an oil production rate of approximately 150 bopd and a gas production rate of more than 1 MMCF/d (giving a combined total oil and gas rate of 322 boepd).

That seems to address the water cut amd your break even point.