Member Info for tiler1

Morning BBN,

I think the Q&A was issued only to shareholders that had directly emailed the company that week with questions. But I do take your point on not having company wide distribution.

Yes that’s how I’ve understood the senior debt. It’s tapered to what’s needed.

BBN, big thank you for all of your considerable effort of late on this BB & Twitter . Its been quite something mate .
I fully expect them to complete a full P&A this week and move the rig A3 and proceed as planned.

Correct IP. Due to finish a full P&A this week .

Exactly !

You could take the view that they expect to need next her expert services going forward . Which to my mind is a positive.

Risk on A3 will now have increased. I think they are going to drill S1 first , so they have the time to review all the data from last week.

Yesterday’s update was again very poorly worded. It’s does clarify a worse case situation if A3 is a duster , they still have AGREED funding to develop L1 next year as planned . I would ask do they actually have this covered. Bloody hope so ! This management team are inept and I do not trust them at all.
I really cannot see them raising significant funds going forward as who would have faith in them or their abilities ? Since they were awarded in March 2018 in the 30th round they have managed to turn the potential of this company to rat sh*t .

The asset is the prize here and I still believe in that . If these two In my opinion morons can pull the next two drills off , they will sell the company wholesale. That’s the only way the share value will be realised as the market simply wont reward us with while we have the clowns running it.

I’ve met all of the BOD on a few occasions, my opinion they will want to sell as well.

well I haven't yet.

If we get to ( Believe we will ) 200mmbbls 2CAt $1/bbl = $200M/£152M 170pAt $2/bbl = $400M/£304M 340pAt $3/bbl = $600M/£456M 515pRisk V Reward IMO is excellent. RRE took Marathon at $ 3.50

I agree. This is an incredible price, have been adding and will continue. Have decided to increase my sizeable holding by another 25%

Are they authorised to issue anymore ? I believe these were issued at the last EGM.

Yep bit of re-trace... not concerned at all this has a long ,long, way to go value wise .

Completely agree with logic Brooko

The Group has also undertaken a review of its cash investment strategy. The purpose of the review was to consider how to increase the rate of return earned on its cash deposits without any major shift in the risk profile of the investments. Historically the Group has invested its cash deposits on short term Money Market deposits and in various investment grade cash funds. Following the review, the Board has decided to invest a proportion of the available funds in higher rate of return investments such as corporate debt funds and investments in specific businesses operating within the wider oil and gas value chain. By their nature, these will have a higher risk profile than the existing investment grade deposits currently being used. However, the Group will only invest in low risk, non-speculative investments.

SPOT ON !

I thought Liberator production was H2 this year ?

Hoping this closes at 71p or over. Bodes well for next week.

I don't know if anyone has taken a look yet at I3E ? worth a look as always DYOR.

added another 30,000 shares this morning in 4 trades, except one all above 77p.