Member Info for mcadder

Tried again this morning and they are not allowing you to buy any decent amounts without going to NT again....

"So,why did our illustrious leader feel the need to have a highly discounted placing from an already depressed sp…makes ZERO sense to me could have boosted sp with flow test results and increased production then raised in Jan"

What are you suggesting BigBear? That the reason he's done that is because production is not where it should be? I sincerely hope not!
The EOY target was 5k bopd, does anyone think we will reach that or get anywhere near it?
I really hope it is because of his intention to bid and secure CUDA and not because production figures have dropped again...

Well I never called my broker in the end but at about 3.30pm I placed a kill/fill order with a buy limit of 1.15p for 500k shares and it DID NOT get filled. I think you would have been looking at 1.19p for that amount as I noticed at 15.36? there was a 200k buy at 1.19p

Just tried again. It will only let me buy £1 worth of shares before going to NT!

From being unable to buy literally anything in volume unless at a massive premium suggests something positive is happening behind the scenes as the MM's seem reluctant to sell anything and keep moving the spread around to dissuade anyone from purchasing lol

It is.... can sell 600k shares at 1.0375p but literally NT to buy anything more than 10k shares. Indicated price for anything over 300k shares is 1.19p ;))))

Wow someone has paid 1.19p for I think 200k shares at 15.36

From the reaction in the SP I'm guessing they must be good if news is imminent

Yes nice to see some small token director buys. From experience the fact they are allowed to buy tells me there will be no ground breaking news for a while which ties in with my thoughts re 2022 being a great year for gwmo especially from spring onwards even if we do get a placing in the meantime.

I really wouldn't get too excited here. Everytime this goes up it's usually always followed by another placing and even if we get some news many who are substantially underwater will be ready and waiting to bail

I have a fantastic proposition for AM.

Why doesn't he use the excess gas that spews daily out of LB28's gob for the misicible flooding to further boost us beyond our production target? Let's face it we all know there's enough of it and it would be much cheaper ;)))

LB - you continue to see what you want to see in that email.

I for one am taking several positives from it....

"Once oil rates are stable we will report to the market" re Dakota.....so it sounds like oil flow so far could be good or very good especially considering the pressure the well has been experiencing.

Re Barron Flats "As we have disclosed the field is performing well beyond our expectations".....
"We have been working on a solution to bring down these pressures to remove the production restrictions" ....... so it sounds like everything is in hand to maximise production safely as we speak.

Re CUDA......"our bid will be a combination of cash plus the funds owing by Cuda Energy LLC (non cash). You should not be concerned, as we have planned for this eventuality for months. We have respected US legal counsel and as such are in good hands". ......again sounds like everything is well in hand and it's only a matter of perhaps a couple of weeks before imo before we get a result there.

Fear and paranoia take over with people sometimes, especially when they listen to the rantings of certain agenda driven posters. The SP will take care of itself and right now I see absolutely no reason to be even remotely concerned.

LB - I can assure you NO ONE is hiding from this bb - we just don't feel the need to write 50+ posts a day despite the current SP.
Plus we are not stupid enough to just sell up because the SP is suppressed, especially given the strong position copl is in from a production and financial point of view. Just a case of ignoring the noise from certain posters whose only motivation for hanging around is to spread doubt, entice sellers so they can buy back in at a lower price.

https://www.vanguardngr.com/2021/12/nigerias-crude-oil-exploration-looses-steam/amp

December 19, 2021

"NIGERIA’s crude oil exploration has suffered a setback as the rig count, a global index for measuring activities in the upstream sector, decreased by 38 per cent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of 2020, according to the reports of the Organisation of Petroleum Exporting Countries, OPEC."........

......... “The completion of work on the PIA is a welcome development for the oil and gas industry and the country at large as it will provide the long expected business and Investment environment for the oil and gas industry."........

........"A Port Harcourt-based Energy Analyst, Dr. Bala Zaka, also said that there was a great need for the deployment of many rigs for exploration, especially as Nigeria’s oil reserves have for too long stagnated at 37 billion barrels.".........

........“Now that the PIA is place, conscious efforts should be made to attract and retain foreign and local investors in the oil industry, particularly as it would lead to the creation of contracts, jobs, Local content and other multiplier effects.”........

........ "Komolafe, who had held several engagements with stakeholders in the industry since assuming office, noted that the effective implementation of PIA was very important to the Muhammadu Buhari-led administration" ........

Well at least we can pinpoint the date that LB28 sold out (13th Dec) from the change in tone of their posts the low life scum.....

13 Dec 2021 09:09
"Tand his point is clearly relevant to COPL. One good RNS (which should be literally any minute) and no reason we wouldn't do the same and go back to 40p."

13 Dec 2021 10:10
"Generally get morning sells and then buying get's better throughout the day.
The selling's really slowing we just need a decent RNS."

13 Dec 2021 15:52
They will fail their own EOY target by at least 25% and probably more but yes other than that ops fantastic.
Missed every deadline, given every excuse going.
I get things happen but there's a new excuse every week.
High winds on a wind farm, who'd have thought it. We should have a sweepstake on the excuse this week.

Sold out between 10:10 and 15:52 - BUSTED

"I wish the mm’s would just hurry up, drop it to a place people will buy and get it over and done with."

LB I think what you actually mean is "I wish it would drop to my buy back in target because I am ready and waiting to pile back in" lol

Well good luck but unfortunately for you your posts don't have nearly as much influence on this bb as you seem to believe they do!

"I appreciate your development has suffered ever since you were pulled away, kicking and screaming, too early from your mother’s teat"

Haha PMSL

Blowing hot and cold again that LB - what a clown

John/NoworNever -

It's becoming rather tiring the exchanges between the pair of you clogging up the bb - perhaps you should message each other privately and continue it there?!!

Tbh who really cares whether it's £196K or just £196 John has invested here you both seem intent on having the last word on the matter as to who is or isn't genuine. From experience you can trust NO ONE on these boards but c'mon guys give it a rest hey

This is in relation to MOD work and explains the uphill struggle faced with securing MOD contracts, so unless things change there is the potential for the work to continue to be awarded abroad.....

"it is important that UK Government funding
and financing mechanisms are significantly more agile. We have seen examples of international governments providing support for ship-builds in their respective country within
48 hours of receiving a request. However, after weeks of attempting to engage with UK
Government, we have seen clients unable to gain the support they need in order to instigate a UK ship-build. Unless Government finds a way to move at pace when these opportunities arise, UK shipyards will miss out on significant contracts due to inertia".

"The last time I looked mcadder, the Uk is still a free country!"

And anyway jiddy I would question with the last 18months of restrictions, attacks on freedom of speech from all corners since the arrival of Covid and looking forward into the future that there is a massive question mark hanging over your statement of whether we live in a free country or not anymore....