Member Info for OilTrader

2 million market cap. Will anyone buy us. Will be a bargain for a producing oil and gas company no doubt.

Probably, stop losses triggered and picking back up at a lower price. Going to see a substantial increase in their holding if it is. Hopefully they will be for the long term.

Surely the board should not be paid any sort of wages at all with our current share price. Who determines the pay they receive, it’s completely out of proportion for a company this size. Share holder value is not being provided.

Iv bought a few more unfortunately, feels a complete gamble now, just got this feeling it’s what people might be doing.

Don’t forget we had covid…..

Safety first son.

I think Parsons (Mr Tea) has spent it all on a new financial haircut.

Makes sense, although summer seems a long time. Wonder if we could get the timeline in weeks, 7/8 perhaps. A flowing well is a good well, especially if it’s commercial.

Surprised it’s down, successful well drilling, completion and well test, combined with high anticipated flow rates being successfully achieved and then an increase likely in these flow rates, combined with a production hook up already in place and to be increased to a permanent flow line. Makes no sense. Can anyone advise on the lastest reservoir p50 reserve volumes anticipated for the sidetrack?

Appalling conditions. Facilities maintenance not communicated to the shareholders, over supply in the oil market and a high inflation. Cash reserves at only 0.1m. Time for a new finance manager. If we survive. Only Parsnip could see us through this time.

Seems to be a cash flow stall. Need to tighten their belts and use the cash on well interventions rather than the coffee beans.

It will do when they shut it in and replace the flow lines on it ;-) then hand it to production and away it goes.

So a definite increase in flow rate expected when the wellbore is fully cleaned of drilling and completion fluids, which is an ongoing process. Looks like they will be installing a permanent flow line and removing the temporary one after the testing people complete. Can see that the results are brilliant and higher than we expected and will be likely slightly higher in the summer when they can really crank it up.

Heard it all before.

Back to basic finances.

Yeah I remember them selling down a share once before. Probably wouldn’t be worth releasing news if the selling continues. Just to have it wiped out again. 1p here we come. Let’s hope buyers continue to pick them all up. Such a low market cap here, really would not take much for someone to buy the entire company.

Well I’m still in Echo, hoping that it will come good one day. News flow has been weak recently but with plenty planned I guesstimate this year could see a significant improvement in our share price.

Cheers Valuation. Usually spend all day listening to CEO’s and then anticipating the projected work schedule. Obviously signed up for the RNS’s.

Is there a site where RNS’s can be seen when logged. Cheers

Yes, we expect the greens to remove an entire commodity, like the 60’s no doubt.