Member Info for Razorman

Reading of CO2 shortages due to covid19 - anyone know if we have enough supply secured for the project?

Watched the video - feel suitably reassured. Saffron sounds good and maybe announced before 27th (which is the latest). Company is solvent and although additional dilution it should survive this storm and remain in decent shape.

Saffron results 27 April

Managing Company Costs

· Executive management - no cash salaries (for at least 3 months from March 2020)
· 40% reduction in salaries for employees (for at least 3 months from April 2020)
· 15% of employees laid off (for at least 3 months from April 2020)
· Cessation of non-essential capital expenditure
· Cash balance of US$2.56m, including US$780,000 in restricted cash (as at 31 March 2020).

Managing Third Party Costs

· Use of Lind Facility and Contractor Shares to conserve cash

Reading now

Test results of saffron well (swp) are overdue. We are waiting to find out.

£12m market cap

Also as oil production and exploration budgets are heavily slashed across the world, I would expect a surge in M&A once the coronavirus crisis has cleared and demand returns to nearer pre crash levels. The middle cruise was not the primary target but it offers oil at shallower depth and reduced drilling costs (for subsequent drilling campaigns which target only that strata). It feel sensible that the industry seeks to mitigate risks after this all passes.

IF our board have been waiting for a better moment to announce the saffron test results then Tuesday could be the best they are going to get for a while. Hoping WTI can range between $25-35 with these unprecedented cuts. Also news over the weekend is a vaccine maybe ready for roll out in six months - now that is humans working well. Biggest race in science since The race to the moon! Hope everyone is keeping well this Easter (including Irene, LLL and Rossanan)

Now all eyes on tomorrow’s G20 extraordinary meeting on energy

Roll on Tuesday

Phew !!!

They made it !

Reports 10m achieved ?

Good morning. How do you know 3 MM’s move on one trade? Is that level 2 data?

Hoping that a positive outcome from tomorrows meeting might just see some information released from CERP.

Shows how much flannel trump spouts.

Disappointing but not unexpected. Hopefully (for oil) it will push trump into some domestic action.

Suppose there is still time after 4:30 GMT

What happens if we don’t get an update today?

Investors are expecting a meaningful update tomorrow or Monday with the conclusion of the IPSC

Zebra - agree with you post