Member Info for scoobyrex

The shareholder support group waned to took over and stop the drills so there was a pot of cash for them to extract with fees.
The drills are going ahead and the shareholder support group is having to wait for the results just as we are. If the drills fall below expectations, BOD changes are needed but I wouldn't vote for the SSG members.

Where will the share price before news. Will there be any pre-emptive buying ?

Tiny volume today. Quotes for any meaningful purchase is well above ask.

The SP hasn’t been positively impacted by the increase in oil price. Why would it be massively impacted if oil goes down.

The oil price isn’t driving the SP for reasons we are all aware of.

All previous wells were cheap workovers or sidetracks of old soviet era wells for Gas and Oil. Agreed if these are the only assets generating revenue this would be bleak.

WRB is a fresh drill based on a modern 3D survey. We are yet to have the results of this drill other than oil coming to surface but drilling muds need clearing with chemicals before flow testing can start. If WBR is a duster, then a raise and probably a new strategy is needed JKT alone isn't going to keep the lights on let alone contribute funds to continue drilling.

So it isnt dead already. Its battered and bruised for sure.

The locations of WBR and JKT have been chosen with epf pipeline distances in mind. Laying surface plastic piping for Gas is cheap and fast. It is delivered in 200M coils and is fast to join.

Well researched and all the informative sections of RNS’s at hand. This board has been a pretty vile place recently and AJW has been targeted recently.

He may of decided just to leave for his own state of mind/mental health.

Or it could be some made up conspiracy of him being an insider and covering his tracks. Lol.

I am surprised that they have been so vacant since the vote

so much bickering we have missed the Rustavi local posting about the chemical delivery.

Yawn, staggering how much time geo spends projecting bile about S share he is not invested in. His stomach ulcers must be horrific having so much angst about stuff that doesn’t concern him. What must he be like with stuff that should concern him.

Which ties up with the director dealings notified recently

The general consensus was two weeks clean up / establish a reportable flow. The unknown is how long with the bloe BoD want it to flow before reporting.

Wouldn't that be classed as insider information disclosure.

It used to be a great board. Problem is you now have trolls and ****ed off investors and it is getting difficult to understand who is who.

By village idiots do you mean long term holders who have seen the BoD splurge £20M and now they treat those same investors with contempt.

Nothing speaks louder than the share price. And the complete silence from the BoD outside of shoddy RNS is deafening.

The share price drop is due to

Two cash raises
a well reported high initial output which transpired to be mostly water.
COVID
Consistent campaign of negative press.
Shareholder “support” group trying to underhandedly take control of the company.
Shareholder “support” group threat of legal action preventing the company openly communicating.
Current well not being a home run and shoddy communication forced by the threat of legal action by SSG.

The BoD will need to deliver or shareholder support from them to the SSG. I for one would not be so supportive of it came to another vote.

The shoddy communications have caused me to contemplate the current bod are not the shareholders best option.

Why are you begging geo, you’re not invested.

Incorrect Patrick. If you withdraw you can restore upto the same amount within the some tax year.

but thank you for calling me an idiot.

shift to an ISA ?

What I find staggering is the total silence from the BoD (inc PH). Are they treating their institutional investors the same way ?