Member Info for Mkbarnes2001

Don’t shoot the messenger - this could be fake, I don’t know the person who posted it, but anyway...

Response from Shoreline today via email ????

‘The performance bond has taken longer than expected due to regulatory issues with the bank - this has now been resolved and we can expect this to be in place shortly. We are excited about commencing operations thereafter’

Not been able to get a quote for buying stock all afternoon

Wonder why that is?

Haha - almost like the daily ups and downs of Harry!

We can only dream, but dare not to due to so many let downs£!!

I’ve been invested here for 2.5 years now, selling many other shares to increase my holding. Some of which have recently mooned! Flying birds/ AQ-AI . oMI as an example

If I was as patient on the other companies I could have made a fortune, but I didn’t as I put all my trust in this company

Why. Not? Amazing prospects, one of the best teams in the world (look at Arthur’s previous business) - this is going to go crazy when we start on OPL226 oops

For those that have held through all the crap, well done

We are almost there.

Are Q2 reports published?

I’m just wondering when we will get an update.
Arthur responding to me at 9am UK time makes me think he is in London. He’s only ever responded to me when he has been in the UK as if he doesn’t get straight back then he simply ignores the email.

So he’s either in London working on a new placement, or closing the alternative finance arrangements - whatever they may be.

As Berta said, it’s a flip of a coin now as we are all totally in the dark. Even Cathy replied to me the other week and was totally unable to give me any update at all: only that she hears about news just before it is released as she helps with the PR.

Hey Oilberta
I emailed Arthur this morning at 9am Uk time and he replied almost straight away. It’s the first email he’s replied to from me in months. I asked if we should expect a placing as the money from the previous placing must have ran out based on monthly outgoings and previous reporting of cash available. He sent me a very blunt reply - “We are not out of funds.“

As I said earlier, the previous big rises came after a few days of huge late buys showing up

This is Following the same pattern as the previous run up to the big rise - late trades showing after hours every day then suddenly - bang, a huge rise!

My trade is showing as completed at 8:00:07
That’s the quickest I’ve ever got any on the bell!

I got a small top up @3.65 - surprised I got in so low

Thanks for sharing shibs

Nice to see some good discussion on here - thanks for the input all. It’s been a hard couple of years keeping the hope up

Strange SP action this morning, no sell off- all I can see are buys, but still the MMs have dropped it 16%

I suspect you’ll get an opportunity to bag a bargain this morning Bonum as I’m sure we all expect this to drop on open. I’m Confident it will recover throughout the day - but what do I know?!

Exactly, so I think Jay was correct, but they needed 1 months worth of cash only to get them across the line. This is positive!

Arthur Millholland, President and CEO, commented: "This placing will help ensure the Company is able to realise the significant potential with OPL 226. As it is limited to only 20% of our current market capitalisation, we expect to announce additional financing measures in the coming weeks. Concurrently we are focused on concluding the placement of the OPL 226 Performance Bond by our Nigerian affiliate and progressing the acceptance of the jack-up drilling rig currently under a non-binding letter of intent. As we have previously indicated, once the Performance Bond is in place we can commence operations in earnest."

Yes, carry on posting guitar, appreciated the email you sent me

I emailed Arthur this week with no response. I raised concerns over operational cash running low per the Q1 report and asked is if he was confident that they would secure the funds to keep operating between now and the time in which oil revenues will be recognised. All valid questions that shareholders need to know the answers to!