Member Info for tombi1

As the world slowly comes out of lockdowns the demand for oil as we start to move around will increase and put pressure on those prices so trying to increase production is a good way of forward thinking to take advantage of that

I agree , remember we’re getting more a barrel than last year as well and reassuring with covid ,production is starting to increase and should carry on increasing as the year moves on

Martin is usually very cautious in his comments to say expect good news soon , speaks volumes ,let’s hope it’s good (drill testing results if they have started and know that would be very good ) wishful thinking let’s see

Ramping up production, taking advantage of the increased oil prices , could be a very good day

With the comment of good news to come any rises should hold as well imo

Great rns very positive and upbeat by Martin , are we finally moving forward

Love his last quote

especially having announced earlier this week, pending noteholder approval, progress in the restructuring of the Company's balance sheet. With a firmer financial footing and material operational upside which we are actively pursuing, I look forward to updating shareholders with further good news in due course."

blue 23 finish

a lot of sells but for pennies very little traded lately all waiting on sidelines

Looks like all we needed was a bit of good news and the correction has began

That’s the wages sorted for 2021 , now what

This has jp written all over it , better no options so he leaves , no need for incentives to retain him , brings nothing to the table apart from wasting money . Gla

omitting *

Your getting desperate read the rns ,

you said 21 March not March 21 and if you did mean that then you knew it was 15th March meeting so your emitting important facts for your own agenda ,,,,

You didn’t say this

The can was only kicked down the street until 21 March in that meeting

of course there new , as some bond holders wanted more reassurances but we had £2.8 mill on board and only need another £2.2 mill out of the remaining 17.2 mill to get it done and they have been discussing that with certain bond holders to get the required amount they need as todays rns hints at and i repeat for you the meeting is the 15th not 21st

As you did not read rns the meeting is on the 15th

Or what is not true

Well we can ignore the rns then and kick the can if it fits

In the 1st may rns , all in there . £2.8 mill of the loanees agreed only needed 25% of the quorum needed now , that’s why today’s rns states certain bond holders , all discussions on the deal would be informally agreed before today’s rns . now back in three weeks to make it official .

that following positive and constructive discussions with certain holders

They have not just come up with some proposals, they have been discussed with them and basically agreed and they are now being taken back to the rest of the bond holders who were ok before just to make sure they don’t disagree , which they won’t because they were fine before and this is better for them so I am fine calling this 99% done now

Looks 99% certain it’s done , just satisfied the sceptical bond holders so releases all the doubts and funds being held back just incase can now be used for other things , can only be a good thing at this stage , be surprised if we don’t get a positive reaction