Member Info for steakpie

Let’s see what can be produced from Cinnabar ?
Flow rates at all sites need to be self funded or we get nowhere as one pays for other and so on !
In the past we take costs of under performing etc from new projects and seems bottom line always drops .
Dilution in the past for supporting projects that fail are the lead weight as the raise is never paid back and so on .
Any way enough said by me , l just expect share holder value in the share price ASAP as this is not too much to expect .

This is a whisker off pandemic level and oil was in the - prices ? Is someone taking the pxxx .

The main message is what good news production brings is just not transferring to enlighten the investors and ultimately the abysmal share price !
This is the main purpose of upping production and getting investor interest ! Having backed this company from day one l see the elements that are involved to one find resource and then to get to production and yes BOD have accomplished that !
Now we need a date for some return on Long term investment return at least the share price increase !
Investors are hard to find and BOD have them but there is just no way l can invest more till this turns to some sort of investment return . Sure there are many more in the wings ! So feed them with a sustainable menu .

We were better off share price wise when we had no current commercial production than now we have 5 + prospective products ? My answer in my opinion is confetti raises and lower than the existing share price so the obvious issue is l will never see a true share price for a prospective investment as share holder with the current way it is funded simple in my opinion as a LT share holder .
I post my opinion to hope there is a alternative so l may see some return eventually on my money that l invested , BOD have a vested interest as they get paid for there services but as far as share holder value, for me the only answer l have ever heard from posts etc is keep average down ! Really .
I need proof that this has legs to keep itself funded through production or it’s just a money burn for investors like me, as we do not get paid through production .
So lm asking BOD to answer investors like me how they intend to return value to my abysmal performance of share value !
I gave patience a go and 8 yrs on my value heath is at the same altitude Garth as Everest .
Awaiting this report which will prove ability of commercial status but that alone will not move this in my opinion and raises on this report later will only benefit us if we get the share price higher !
So Answers please .

Is abysmal !
Utter disgrace and just bouncing along the bottom all time low area .
BOD do something NOW

Fingers crossed on all counts ! Let this be our day BOD very soon

Ford l am ok with current production and seems we are moving production to a commercial level for investor interest but we have to keep the interest to a constant forward momentum as the share price is abysmal and just not of any interest at this level which has been maintained for a long time now .
Look like reserve report may change that ! We hope

You need patience of a mummified Pharo !!
Come on l will be dead before this get to value .
8yrs and counting zzzz

Oct 22
The Net Production of 6,958 boe produced in the September Quarter consisted of 2,973 barrels of oil and 23,113 MMBtu of gas. The average sale prices achieved during the period was US$91.35 per barrel for oil and US$6.99 (July and August only) per MMBtu for gas (June quarter was US$109.24 and US$5.81, and in each case after transport and processing costs but before royalties).

June numbers
oil and 157,109 MMBtu of gas. The average sale prices achieved during the June 2022 quarter was US$109.24 per barrel for oil and US$5.81 per MMBtu for gas. (March quarter was US$89.53 and US$4.13) (in each case after transport and processing costs but before royalties).

If we are on a fixed price contract how is the average calculated ! Contradictory or what . How can we work out anything if we don’t have a calculation number so then guessing becomes common , which upsets a few .
The average sale prices achieved during the period was US$89.53 per barrel for oil and US$4.13 (January and February only) per MMBtu for gas (in each case after transport and processing costs but before royalties). Current prices of both oil and gas have increased since the end of the quarter, with the Henry Hub reference gas price currently in excess of US$7.50 per MMBtu.

FF any idea of fixed price oil /gas

FF totally understand that things sometimes just don’t work out ! That’s life !
I just go on what is expected from knowledge base BOD as l understand , so when l read an RNS or speak at conference with them l want to know the positives and the negatives of what is coming up .
It’s been a long road both for me and them in this so l hope that the positives in cinnabar come to reality and l can move on from past disappointments as l believe l have ran the gauntlet with them .
Get this home
My opinion

Given the feelings of posters and the current production position we are just hoping that Bod do the best for there share holders. My position is what it is and that’s tough ! I’m hoping oil price stays at $80 + and with unforeseen fortune we could be in better position this yr .
Just a word to BOD listen to share holders they are your Freind not your enemy that’s why they invest there money in Mosman .
Funding issue alternatives or consolidation whatever but think of shareholder when deciding as we are your shareholders .
My opinion

Thinking that if we have found the value in the asset why are investors not hammering our door Down , the numbers on paper should show we are good for a loan or large investor ?? If not what is holding back the growth asset ! RISK is the one element in my opinion we need as RISK involves loosing all inc BOD jobs etc . We are operating but purely in my opinion for the jobs that our investment funds created .
And again In my opinion the only one making on this is Rig company as we find they make which is fine but there should be an element of you have our contract and negotiate the contract for well 2-3-4 etc .

Is there any way to offer a subscription offer to shareholders either on the project as a whole or Aus as this would allow shareholders the chunk of the allocation ?

Read the chart over 5 yrs
VALUE !!! My chart for my business given recession / Brexit / Covid / another recession is up 600% as l don’t borrow but grow through production and take less in wages but my employees benefit from my running a strong ship !
No bluffing a chart , we need to be able to be heard as it is a business .

As a shareholder and with no say other than buying or selling l for yrs have been buying on the potential of share price growth as would be expected !
After many yrs and many RNS s the understanding in my opinion ( maybe incorrect ) l am told that we now produce and others can buy shares inc warrants in billions far cheaper than l could at every placing !
Reading posts saying :l would certainly not buy at present why would BOD ! All this needs an explanation that investors like me can understand .
I gave money (investment ) on potential return based on how this is run and circumstances of which funding type and application is applied .
Question is dilution in a growth company a wise or only option , if so see ya.

I don’t see as we will be any further as my investment angle as placing is just diluting our share price so l see it as placing dilution loss of investment me as a holder which l am and it never changes , BOD need to understand l as an investor are making 0 ! no point . And it’s producing more ? .
If raise ! but l thought you were to the opinion there was no evidence of that ?

Further wells on production yes ! Or raise at production upgrade price yes! Giveaway raise no