Member Info for Sageman

My view remains that Art deliberately delayed maintenance to get Cuda on the cheap. You then can't buy at $2 and sell for $10 next day. The market needs the wells to respond to dewaxing and flaring. Thereafter the RBL and JV will be transformative. It all takes time and I have the luxury of patience. GLA

I dumped this at 0.2 having lost money like all LTH. For me small beer but still annoying. I see that SS aka the great diluter and destroyer of wealth continues to peddle his lies (Choo Choo, lol) and the sp is now 0.06/0.07. The BOD refuse to invest and continue to see PI's as mugs to fund hubris, vanity projects and their lifestyles. This company should be closed down and SS banned from holding a directorship. In the meantime GLA to all here I hope you have written off the money.

Oiler if you did some research you would know that once proper maintenance is done combined with flaring production will increase. Then add in RBL/ Jv…..I have a B/E similar to Art and am long. Please keep shorting.

WW, personally I would do both. I would suggest that you pay a decent amount off the mortgage and then invest an amount you are comfortable with. However, it is your decision. Good luck.

At one stage I was down 80% on Angus and 20% on gilts. As of today I am down on neither. I am 100% out of gilts and 80% out of Angus. In both cases the investment case was sound. I am similarly down here but only 40%. I don’t care because I expect it to come good. A small holding for me. Word to the wise .After US earnings suggest a US small company tracker hedged ( the £ will strengthen). GLA

Totally agree Tygra. Management performance has thus far been dreadful only saved by stratospheric gas prices. Going forwards hopefully they will do much better. Fingers crossed for the sidetrack. Sadly they may have missed peak gas prices (I said that the window of stratospheric prices would be limited) due to their delays but even $200 per therm makes us good money.

Gasoline and natural gas are not the same!

Wookie, I too have done “huge” amounts of research and am very comfortable with my holdings here. I am hopeful of large gains but I never invest more than 2% of my portfolio in a single stock. I can afford to be patient and if it falls to zero then ok I will be annoyed but it won’t break me. I watch in dismay at others who clearly have staked everything on red. Not healthy and nothing to do with investment just sick psychotic gambling.

What does irritate me is the infantile idiots here who think this is a casino and "load up" expecting a 10 bag in 6 weeks. The probability of this share changing your life is tiny. Investment is about patience and diversification. The "balls deep" brigade are actually a pretty sad bunch. If they win here they will lose elsewhere because gamblers always do over time. The casino always win so don't blame the Market makers when you know the game. If this share was guaranteed to be a £1 at xmas then in a world of 2.25% base rates it would be 99p already!

Wookie, you get to a time when people say "show me the money." That is where we are now. Presentations, promises etc no one is listening any more. Art needs to deliver. We need to see flaring increasing production by 300-600 BOPD, Increases in production due due to de-waxing, RBL and then JV. I believe that we will see big production gains in the next 6 months and that the rest will follow. I have invested. The broader market looks on. Invest if you believe walk away if you don't . GLA

Well Bolton as you said "all you know" is that the SP has been crap. When I invest I try to do some research so that I "know" a lot more than that, lol!! The CEO has put in circa 400k at an average of circa 25p. Hopefully he "knows"much more than either of us.

I think people are confusing a hostile take over with a JV. A stalker would need to start to acquire. This makes the SP rise. Then they would have to declare their holding. This would make the sp rise. Then they would have to offer terms. In contrast a JV would involve specifically jointly developing the field/drilling wells. Thus cash, expertise and paying for drilling. We could see our debt wiped out/reduced, still get existing cash plus a percentage from the new wells .

I bought with an 18 month window. The CEO does not control the SP and the SP is often driven by irrational sentiment. Art played games to get CUDA cheap and the numbers reflect this. Flaring means an extra 300-600 BOPD. Then RBL and JV. We also have ongoing de-waxing. My view is that they deliberately held off doing maintenance. I see 2500 BOPD early next year which would be an additional $31m of revenue. We have a market cap of £40m. Ridiculously undervalued but the truth will out and with it the SP. GLA

An extra 600 POPD at $90 PB = 19.7m extra revenue (less costs). Our market cap is £43m. LOL!!!!!!!

Howey, I would suggest that you do some research into the POG. It was in the 20'S and below so the hedge at $43 looked like a good deal especially when coupled with £ bills and a strong $. I would also suggest you look at the projections when management got involved. The project has over run massively as have costs but mercifully POG has escalated. GL can now talk about POG estimated at $200 and engage on that basis with investors and banks. If we were at $20 it would be game over. You asked I answered. Looking forward to exceeding hedge and getting revenue at $200 plus.

I invested my childrens 2022 Junior ISA's here today. Also I was happy to take a 50% loss on my joint UT and put the money in my ISA and my wifes. I am sure the shares will bounce so the capital loss can be used against other gains and is most welcome with future gains tax free in my ISA.I remain astonished at the current SP but expect a substantial rise - gas flaring, RBL, Maintenance produced increased flow, new wells, JV...GLA

I am a LTH and don't feel I need to ramp. The numbers will talk for themselves. HITS is completely right. The thing that bores me is the repetition. Also GL remains a very luck boy. Had gas not gone up the company would be bust due to his incompetence and inability to meet deadlines. Going forwards things are positive and I have increased my holdings GLA

Crappy investor you are a joke. I am very happy here with a B/E of circa 24p. For me this is a long term investment and I can see lots of things taking shape. One word..patience.

Peck, GL also spoke of expansion and in particular geothermal. He is not buying shares himself and believes in placings to grow the company. Regular dividends and placings are strange bed fellows. I would not expect dividends until 2024/2025 at the earliest. All IMHO

Interesting interview. His views on fracking south of Watford gap make sense. Interesting that his view is that 200 per therm is a sensible long term target due to lack of gas development in recent years. Disappointed that he didn't give any details on production or the hedge roll over but pleased with his answers on compressors, side track and storage. He expects to be debt free end of Q1 (so lets make that end of Q3!!! - bet that would be fine). He used the word goldmine. I used the interview to sell another million at 2.2638. I expect more warrant sales. I expect markets to be weak in the run up to 22/9 interest rate rises. I still hold over 3m and expect to buy again if it goes sub 2p.