Member Info for SmoothOperater

Realistically a two year extension

The company has to pay the bondholders by end of month and the next installment is in September. It seems far more sensible to renegotiate the terms between now and then as the company would have a much clearer picture of the winter revenue in the autumn than summer time.

I expect they'll get it done , which will cost the company more overall, ideally we need another two or more wells producing.

Next licensing round must be close.

I can't see a major increase until they increase production. The bond issue will take a while to resolve as I don't see there's a rush now they have the extension.

Hopefully they'll have more wells on the go by then, I was specifically referring to the delayed payment from June. If they had the funds available in their account to use there would have been no need to delay.

Some people say it's being shorted and some people say it's a big holder selling down but there is another idea of what it could be and it boils down to whether the company has generated enough funds to pay the deferred bond payment and that's a forward sold placement.

Good to see it rise today next couple of weeks will be the focus as they look to pay the deferred bond interest by 31st July

It's averaging over 5% drop everyday for the past 5 sessions. I'm not buying anymore until the drop levels off.

This week it's definitely a falling knife here, how far away is good news?

TBH it's very high risk now and I'm not convinced which way it will go, so adjust your positions accordingly.

The preconditions look to be a formality , the companies are all in regular discussions, delays can help further discussion, which ever option becomes the most viable will become the outcome.

I think it's on the table...

Who really cares, the drop was overdone and currently 4% up today prices it

Why would you pay 0.125p for the broker option when you can buy them right now for 9% cheaper?

The discounted placing shafted quite a few investors. Management now has credibility issues.

You can buy cheaper on the open market!

Expecting it go lower over the coming weeks.

Buyer's will take this back up

I think it's a correction as the drop was way over done.

Someone's mopping up , company is in much better position than a few days ago, it's got the permits and now it's fully funded.

Fully-Funded :)

Buys are printed as sells too!