Member Info for TradingLad

Your problem with that email is the pish that these reprobates consider to be achievements, for instance, they will claim that raising almost $8m in the current market climate is an achievement, they will claim that any increase in production is an achievement and they will consider being able to fix the topside equipment with the current global logistical challenges an achievement.

But your biggest problem is going to be the that these PR companies know less about the company that the guys willing to troll through endless dross on the internet and then of course there is the fact that a PR company isn't regulated so they don't really care if you're unhappy with their response of not... who you going to complain to? the company :D :D

points for trying though and look forward to seeing a response... if any

I think you all need to give yourselves 48hr ban from posting on or reading all bulletin boards.

I actually quite like the balance of positive and negative chatter. Stops the board from turning into an echo chamber. I'm not sure if IH comment about price drift was aimed at me but they are of course welcome to think whatever they want about my share knowledge, God knows I've had some stinkers... It's not that the price isn't concerning to me, it's that the fundamentals of this company (in my opinion) outweigh the negative share price. I'm disgusted that the CEO isn't doing anything to protect the share price but I'm leaning towards the opinion of he can't rather than won't do anything and by that I mean he is bound by price sensitive information at the moment. I do think the next RNS is really make of break for him.

The share price doesn't concern me, It's in horrendous shape and personally, I'm down about 30-35% on this now. However even if this sinks to 10p I still think it's a good company BUT it has terrible leadership. The good news is we aren't a huge way off of the AGM and if this continues to fall then the board of directors will call a vote of no confidence UNLESS there is something massive being worked behind the scenes. Either way we should know exactly where we stand in a few months. Try and stay rational people.

I wouldn't jump to conclusions on anything drilling-related. It's the most ridiculous of all disciplines in O&G, the smallest of issues can cause weeks of delay. Ask yourself this if it was you in charge would you announce a delay when your share price is already crumbling? For all we know they've gotten a tool stuck down the well and are trying to fish it out, this is quite literally something that can happen and has happened thousands of times before. I mean don't get me wrong the well could also not have flowed but I think that would have to have been announced if it was the case.

those placing shares are going nowhere until there is some news.

I think Arthur needs a strong reminder that he is not his own boss and that he does, in fact, answer to the shareholders.

There are a lot of things in this company that do not make sense but I think the Mkt. Cap. has to be top of the list.

Just humour me here (even if we are losing money):

we estimate that production is around 1600bopd (let's not argue). From previous RNSs we can also estimate the netback is roughly $29 a barrel. Now for the sake of argument let's be conservative and say that we are producing oil 300days a year, from my 10 years working in O&G I don't think that is a difficult target. so when we put that all together we get:

$29 x 1600 = $46,400 per day
so,
$46,400 x 300 = $13,920,000

we convert that to GBP we get £10,502,848.80

when this is compared to the ~£30m Mkt. Cap. you do have to look at the man in charge and wonder why he's still sitting in the driver's seat. I have to imagine that the board see something in the future that we don't.

It's all but a dead certainty that this is going to come good but I just don't see how it can when they play their cards so close to their chest. The market will correct but boy oh boy it's going to take a complete 180 on how things are being handled at the minute.

or this will blow up and we'll all lose our money.

I’d just like Art to stop doing deals we can’t afford. The **** is in too much of a rush. I was reading the story of five guys this morning (well worth a read) after 15 years they were operating 7 restaurants with very little debt then wishing the next 15 years they had around 1500 franchises operating… Art needs to stop financing deals with other peoples money and start turning profit so the company can develop at a realistic speed as far as I’m concerned he needs the boot

I'm not sure I believe that there are no developments but what I do believe is that the new developments are not proven. For example, it's easy to say that new discoveries have been made however we don't actually know if the new discoveries will flow so in a way, Art is being quite smart (I'm quite sure not on purpose) by not releasing too much information.

in the words of Ainsley Harriet... "iiiiiitttttttttttt's aaaaa Red Tomato"

Honestly, I just hope that a motion to remove him as CEO is put forward sooner rather than later. The problem we have now is that the assets look great on paper but is this clown the person who can develop them, without continual dilution. It is make or break time for him, if by summer next year he doesn't have more well's online producing yet he's raising capital to invest in new fields I will be kicking down the door of their office to get some answers as this could either go sky high or be a total blood bath.

Why oh why is this not going up? well reason 1 is the CEO is a bag of pish.

Reason 2 is the MMs had to drop the price massively to flush out the $7.5m worth of new shares meaning that people we able to shove in millions of pounds that if this is raised more than 10-20% they will flog instantly for a massive profit. The shares will then need to be sold again and there is no way in hell that the mm's will take that loss... and that and only that is why the share price isn't moving... this needs massive production figures and lots of new money to rise... we are a long long long way off from that. So stop asking stupid phucking questions!

I honestly am continually being perplexed by the sheer dumb@ssery of Art. Day by day, he releases news that screams red flags to any serious investor. sure the man cannot be as thick and stupid as he continues to come across... I'm seriously hoping he's like ole Boris and although we all think he's utter pleb, those in the know actually hold him in high esteem... I've now bottom drawered this phucker as it essentially has to rise 100% to get back to where we all thought we were in a comfortable range.

BM wins optimistic post of the day... I'd have preferred the raise be done at 30p myself :D

say latent one more time

The harsh reality is, the company is worth exactly what the market values it at, and at the moment it thinks less of this prick than it does of a ghost story

I guess we have to look at it this way, if something was seriously off we'd have HSBC vacuuming up shares and inserting their own man on the board. They took a huge chunk of this considering the size of the company.

I have to imagine that Art's inbox is full of people asking him what the actual F is going on here.

If he gets hold of CUDA he needs to spend the next 18months doing absolutely nothing BUT developing the fields he has, I've always thought pretty badly of him but at this point, I'm starting to think he's a shyster.

... needs to stop hiding behind the BS line of "I can't discuss as it's market-sensitive" rhetoric and get his ducks in a row.

We all know that this could be a great company but he's currently buying up assets that investors know very little about. We desperately need to see production figures go through the roof and on top of that we need him to stop buying pish.

We need a proper AGM to hold the man to account. Is he the next Tom Cross, probably phucking not but he has potential to now be a total pleb and see this easily multibag from here IF IF IF he stops issuing bloody shares!

buys are smashing in... LSE40 trades recorded :D