Member Info for Mumbo_Jumbo

furey - I said which part you disagree with ART's post? No my opinion will not sway the share price any which way, it will be down to AM and the fact you or anyone else is down considerably is down to him and that is where the ire should be directed at.

Everyone else coming in now has the right to give their opinion on whether this has any value proposition. You may not like it, but it is what it is.

furey - which part are lies? if you have to continuously spend money to keep up production without making a profit then you can appreciate that the business has no future, which is what copl is at the moment. If they cant raise the money the business will collapse and go into administration. What happens when that money runs out?

Nico - The meaning of "green hydrogen will be watered down" to all acceptable level of co2 release. In anycase the renewables have a large upfront carbon footprint, so nothing is truly green.

olderandwiser - yes I was like you in thinking that wait a minute... what's this green hydrogen, aren't we focussing on becoming a decent producer by next year.

Very much reminds of my grand parents when they were alive... very frank and doesn't give a **** what others think anymore. He even mentioned public sector workers won't be given the money from the additional tax on the O&G, or word to that effect... LOL

Jon - I think we have the answer, he is waiting for mou1 testing and then raise from one of the multiple ways he described in the flagstaff interview.

He wants to move into green hydrogen next year..... not a fan of this.

88e use to be known as Tangiers petroleum and left Morroco for Alaska.

Jon - yes I get that, similarity was more to remove the uncertainty of where are the funds to complete the job.

I also advocated for something similar here..... maybe it will come after the MOU-1 test at a higher mcap.

Big bear- and you say that on what basis?

Who wins... not the Shareholders. Man at the helm was AM and the situation is eerily similar when reading this 14 year old article.

https://www.theguardian.com/business/2009/jan/08/oil-oilandgascompanies

"The shares are now worth 10p compared with a peak of 964p in July, at the height of the oil-price spike. Oilexco has been increasingly active in Britain since 2004 when it purchased minor interests in the Balmoral and Glamis light oil fields, which provided it with daily production that ranged between 140-200 barrels a day.

In 2007, it brought the Brenda and Nicol fields into production, which have averaged between 20,000 to more than 30,000 barrels, placing it in the top quartile of all companies in the UK North Sea.

The company hired two rigs to expand its drilling efforts. When it was awarded its eight new licences in November, Arthur Millholland, president of the group, said: "This particular licensing round was considered by many in the industry to have the most desirable properties available in the last number of years. We are extremely pleased that we were able to obtain so many of the licences we bid on, and our reputation as being the most active driller in the UK since 2004 no doubt assisted our efforts."

On new year's eve, the parent group issued a statement warning that Oilexco North Sea Ltd intended to file for administration "as soon as reasonably practicable".

It said Royal Bank of Scotland and its syndicate of banks had told Oilexco that day that they were "not prepared to advance any further funding" to its UK arm. That business is said to have needed almost $1bn to finance a heavy programme that would have enabled it to bring more oil and gas fields on stream."

pretty shocking for BT to allow the mcap to be so high for so long... only to put out damper rns right at the end. To think that the mcap was well over £200 million at one point!!

I would never trust BT again.

Malcy!!

My comment about booking was post couple of months as it sits idle for free till then. Thereafter, who knows

or have I missed something?

produce should read procure

Zebra - learn to understand different POV, we are all investors here. The fact the price has gone into 6s today... it matters not, it may fluctuate back into the 4s... who knows. The price fluctautaion is irrelevant for this discussion. I as an investor am quite comfortable for them to go ahead and raise what is needed to get the job done as soon as possible with a good buffer. I am not sure what the rig booking situation is like, it may get sent elsewhere if we are not able to produce something in time, just one of the reasons why time is of the essence to procure what is needed as quickly as possible, and for that they need money now.

The prize hasn't gone away if anything it has been de-risked. I say it advisably, but that's what I feel.

The barrier to that prize is geological complexity, and the fix to that is money. Then as an investor, I want to see them get the money and go after the prize as quickly as possible. I want to them to operate without fear... fear of looking over your shoulder of running out of money if this or that goes wrong...

Jon - what if he comes back and says we need to side track and then does a raise?

you guys are not comprehending... the prize dwarfs anything they have to raise. I know he has 46 million share and may not want to dilute himself, I get all that... but this is needless penny pinching, just capitalise yourself and get the job done as quickly as you can. If it is successful, this raise will be a complete non issue.

Lab tests do not take long... its a test, not a project. If its a project then that implies something else, and something lot more intractable. If you guys were listening, he did not rule out side tracking categorically. If eventually he has to raise after a month or so then we would have lost a month before he can start the new purchases etc...

I did mate, was watching live.