Member Info for Onetomany

As we expected, post hedge that it will start increasing. Another up day today and expect to see this continuing. Smoke and mirrors. Really can’t wait for the next offical updates, finally the major rerate is on.

I wasn’t there …. With compromise agreements you can’t get to the truth but what does it matter? Any assumptions you make make no difference.

My understanding? Forced by the lenders.

You are so far off the mark. RH departure nothing to do with that. Next week should be date the next upset but all is well.

Steady increases coming.

Imagine the cash position with £5m injection from re finance plus 6 months of huge revenue increase due to hedge and 3 months additional due to production increase from Q3. They might end up drilling two, that’s my expectation

Yeah I read that on ChatGPT too.

Funding has been arranged. There are no issues. Waiting only on bubbles firing some questions in to ChatGPT about coiled tubing.

There’s an increase to the loan, though that was obvious. Q3 workover plus hedge shift will more than double revenue so free flowing cash is huge. Debt will quickly be addressed in the coming months. GBP5m I understand but lets see what is confirmed via the official channels, those are much preferred to you.

They are drilling a 4th well soon.

The production increase this quarter with the coil tubing inserted. Then of course the stated expectation from the 4th well a few months later. The finding for each of those will be paid back in what, 2 - 3months?

Debt servicing much more straightforward even if at a higher rate which I believe it is not.

Not very detailed and all very obvious. The increased debt matters not when considering the huge boost to revenue from hedges and production increase.

Regards RTO dilution, to put it simply, one small slice of pizza is far more fulfilling than one whole slice of pepperoni. For sure we will have the pizza and not the pepperoni when this goes through.

So he posts this, with his connections to the company, and the reality is they are fkd?

Instead of you posted constant pish, why don’t you post what you think is actually going to happen next. Interested to know your opinion and logic.

This is positive. He obviously has some inside track and most probably updated on the funding status. He wouldn’t be posting that today otherwise.

That’s a balancing act as you’d want the production for anything over the hedge when gas was higher. I’m pretty certain that they haven’t optimised yet, whether deliberate or otherwise.

Cash in bank in the interims was 3 months ago. Much improved today and seems you haven’t noticed, they are changing terms and funding with lender which will cover this. All is in hand, best just to wait rather than talk pish.

We know production, it’s available daily for all to see. Not sure your point on this. What’s relevant however is the increase that will see once the wells are optimised and relevant workovers done. That’s super exciting.

I was informed that they had the cash but most probably relates to cash balance at the time of discussion, post year closing. If you have one of those new smart phones there should be a calculator within. Do the quick maths and you’ll see I’m correct.

I know it must be hard facing up to the fact that the company is not in trouble and not going bust. It is what it is though so no amount of micro analysing my comments (based on reliable info ) will change anything.

Shareholders well and truly reassured today and have an awful lot to look forward to. Especially reassuring is that dilution is going to be minimal.

Excellent update regarding the forward outlook.

Wait for the finance update. Good news coming on that front. Cash balance not so bad when you consider Q2 revenues and that’s about to increase dramatically.

As for production they’ve been very clear that they are performing well tests and have solutions to increase production. This will happen without question and we also don’t know exactly the situation on the liquids.

Overall it remains a very positive update today and I’m sure shareholder will be relieved. Whilst I had no doubts based on the feedback I’d had and following the tone of recent updates, one can’t but help give 1% attention to the deramping mafia.

Debt will be rapidly paid down thanks to the enhanced revenue. Once the coiled tubing in we can also look forward to a significant production increase in top. Then the 4th well a few months after.

Exciting times ahead, the turbulence behind us now.