Member Info for Onetomany

I suspect a heavy dilution or some form of D4E. Hard to say.

Positive or negative ? I’m not hopeful.

Worrying that 6 weeks on that production hasn’t increased.

Careful on the price. L2 1v4 so still precarious and could fall back.

Last time she spouted it was nonsense so wouldn’t bank on it. If they don’t have cash to pay the loan then can’t see a massive producing acquisition being likely in the next 12 months.

Diddies, you are clueless. Really.

It’s coming diddies

BP

I maintain that you are completely wrong in your prophecies. YET AGAIN, VOLTE FACE

To all other posters reading BP’s posts, viewer discretion advised.

Don’t be saying that tc. They don’t like that kind of chat around here of course it’s going to improve, EVERYONE totally misinterpreted the RNS and spread gloom. As I said a few times, I could only read positives in it and that will be proven correct.

BP I was responding to the goofy one who seems to be 5 cans short of a 6 pack.

Did you really just say that ?

BP

I don’t share your pessimism or skepticism but accept it could be correct. Again I only see positives, even if they need the short term expense of work over / v strings / further funding, then compared the value of what’s in the ground it’s really largely irrelevant for the long term.

Let’s look forward to improved performance from the current programme and clarity on the funding soon.

Goofy more shares / less shares, don’t dramatise it. Ultimately the objective here is increase production and boost revenue. That will definitely happen, albeit we don’t know the extent and the steps required to reach final destination. We do agree though that it will happen ? Old hedges rolling off have an immoderate significant impact. Rising gas price forecast is highly relevant once production is exceeds the new hedge.

So where’s the risk ? There is none imo, however there is a cost and let’s hope that is limited, be it the need for work over or v strings or the reworking of the loan.

At todays market cap there can only be upside

You’re the expert but I think you are being overly assumptive on all your points. You said yourself removing liquids and optimisation could take weeks. Today they said they are still in this process.

We knew the cash position wa precarious, we knew compressor was delayed, we now know immediately production not flying. We knew payment was due and all of the aforementioned would impact that. Hence they have been in discussions (positive ones im certain) to rework finance terms. Whats the major issue with this ? Confettti? So what, we have plenty already. Revised loan terms ? How much can that change to create any negative impact ?

On the contrary, I believe they will conform revised terms that put the concerns to bed and I remain hopeful, as you also seemed to be, that the clean up and optimisation will be successful to some degree. By time this is done we have 90/100p gas and old hedges dropped.

Maybe I’m too optimistic but I don’t see it as a disaster by any means.

I disagree. I’m not saying it was ultra positive but I don’t see anything that wasn’t expected and the undertones don’t give me cause for concern.

What is it about the two updates that you are so shocked about and see as such bad news?

Everything heading in the right direction. I hope nobody’s spooked in to selling this morning. There was absolutely nothing in that announcement that was expected any anyone smart enough. I actually see it as positive when reading the tone ..

Clarity on optimisation ongoing

Confirmation finances being reworked somehow (zero negatives / concerns )

Positive undertones of next steps to optimise further and confidence in revenue and acquisitions.

These statements WOULD NOT be made today if it was from. It’s a necessary update only.

Bid now up to 0.185 and you can offload millions easily. As I said, complete over reaction and will rise and stabilise, just as production will.

Think that’s overly negative BP. I expect, amongst other things, that they will issue shares as part of this r negotiation.

Other than dilution or slightly less preferential loans terms, do you see anything sinister happening? I certainly don’t and I think all will be outweighed and forgotten when they optimise and stabilise flows, assuming of course that happens.

We have decent gas prices and better hedging so the outlook is certainly on the positive side regards revenue.

You can sell as many as you want online way above the bid. Market just over reacting and spooking everyone, it will recover.

Yes it’s a disappointment on the repayment but not unexpected. The loan will be reconfigured if needed and ANGS won’t be left out to dry of course. Might be a little more costly but nothing in the scheme of things.

What’s important is to see production improving with the ongoing work and this should coincide nicely with the old hedges dropping off in a few weeks.

Overall the outlook remains highly positive, certainly a no brainer from these ridiculous levels.

What’s your point caller ?