Member Info for Tuckman

Who knows if these round number sales are Bergen offloading or drip feeding into the market. We all knew this could happen depending on how long they wanted to retain their final tranche of shares. We never really have had a high volume average but all I know is that this could shift up or down quite aggressively on limited volume. All comes down to will the wait be worth it. I really hope so and hopefully have it backed up with some news this month. For now we can just sit back and wait with bitten fingernails and toes! A very strong buy if they can deliver

Regardless of the result

In circumstances where the Saffron #2 well is not a success, the Company will be required to secure capital from alternative sources or the Company would be required to effect greater reductions to overheads, negotiate greater reductions in cash required for settlements as described above and/or not proceed with or defer discretionary expenditure on all or some of the work as summarised above.
Equally, in the event of success with the Saffron #2 well in Trinidad, and/or success with the WNZ well and EWT in Suriname, the Company will need additional funding to pursue development of those projects and for general working capital purposes, presently estimated to be $15 - $20 million in additional funding required through the balance of 2021.
In any of the above-noted circumstances where the Company would look to secure funding by way of alternative sources to meet any funding shortfall / incremental funding needs, there can be no assurance that the Company would be successful in securing any such alternative funding.

Oxygen thief , yes there was an RNS, just like many in the past. You and your many paid rampers already know that further dilution is on the cards after the result good or bad. No shareholder value whatsoever, just wash rinse repeat until trin exhausts itself then onwards to others all paid for by shareholders who gain what exactly ?

Like everything else we just have to have yet more buckets loads of patience. If the project is a go then I am sure samples will be with us this month. Icing on the cake for all involved would be a successful test. Both companies can help each other and make everyone happier! Hopefully news this month!

You really are a pure and simple oxygen thief, just like the other constant ramper, you show no normal behaviour of a person who has either lost a lot or down significant value. Whatever you are if like the other one and are invested then why would anyone follow your advice as you really are bad investors. Lose lose for you and your team.
Simple facts that have been stated in the past, more dilution will come no matter what the result is here.

You might get news next week, maybe next month, we simply just do not know. I have given up waiting for an RNS after the 3 month time elapsed on the first part of the MSC implementation and we didn’t get anything. All I can do is hope my investment by this time next year is worth considerably more than it is now and at some point during the next year we get the odd positive updates between now and then. The QFI calendar will always be in full effect here, I am prepared to wait it out. COVID has knocked all sorts all over the globe, let’s hope the pressure of environmental benefits knock us up the ladder for a cleaner future!

Haway man, Dp this has got more rollercoster rides up and down to double figures and beyond before the `first commercial deal` is signed. Hopefully the next progress RNS should de-risk the project/s bit by bit to give us an understanding of how realistic our chances are of signing said deal/s.
IMO that commercial deal should bring in a raft load of different investors maybe and then on the back of further deals many many institutions hopefully!
Patience by the bucket load needed, lets hope it is worth the wait!

Yes agree Salinger, however this time hopefully more testing ships and throw in the bioMSAR mix as well. Throw in a global push towards green and the naughty shipping polluters have got a real time answer to the current emissions scandals! The gamble IMO has the cards slightly better stacked in our favour this time! Well I hope so anyway!

I would guess any investor has to make the decision is the wait worth the potential reward? For myself on the current news available unless anything changes then yes indeed! For MSC, they must be very close to starting alterations for the shipping, IMO no going back after this has started! Then the fun can begin!

The relationship between Qfi and MSC must still be on and nice as they are happily tweeting about them. Ahhhh all nice and happy. Looks like we need another wheel barrow full of patience before next news I guess. The 3 months has well and truly past now so next stage must be in progress:)

Wow, looks like poor pi`s have got done over again with this bunch. Take the 0.35 placing and look at the SP, more billions of dilution and a mega overhang to clear which will not happen soon. Trapped but if lucky sometime this year they might get out with 5-10% profit only if Saff 2 is a belter! More dilution to come after `fact` . I dread to think the SP if Saff 2 has problems!
The only way investors here will see the SP rise is when they do consolidation! Rampers will love that, how low can they get into the barrel. No doubt this weekend they will be all over it!

But where is the money coming from to develop the field if and only if Saffron 2 is a positive result. Yet more dilution. This is just a leisure and entertainment company for the management and their wages! Just wait for the options package to come out! Show me shareholder value anywhere please, give a reason to invest, not pathetic ramping

The placing is not underwritten. I wonder if institutional investors will dig deep when the sp is at its current value, only in the morning we shall find out. The SP is going nowhere with over a billion shares to be worked through, and the prize is a saffron 2 result of how many BOPD? More dilution to come after saffron drill as stated by the company. Watch out for the rampers

Funny how reality and factual posts that are representative of the history here get removed. Those 2 really are a piece of work. These next two weeks are going to be really interesting, I hope it works out well for real holders.

They should scrap the whole idea. Do a primary bid between at 0.25-0.3 or whatever a 10% discount is this Friday for the whole lot. Get the money in the bank, get rid of all this `money potential rubbish` that they wave around and completely start from scratch. Call off the name changes and consolidation and kick out the old guard. New beginning, fresh start. Pay off all the bills and a clean bill of health, otherwise while smoke and mirrors for many this is not looking great!

I think that really is the `unknown` Indigo, I can only think no news is good news and things are moving on. Any bad news ie cancellation of projects etc IMO there would have to be a RNS as price sensitive. I know they don`t have to but any `projects` update RNS would obviously keep us in the loop and provide market confidence going forward. I am not sure if their `tweeting` etc is their way of trying to tell us that this is progressing forward! I guess only time will tell.

The light at the end of the tunnel will only get switched on when and if the company fully open up and be honest about the financials. All this SP drop could have been avoided and now turned round if they just action any of these so called shareholder growth methods of raising funds. CLN, RBL, etc if the money is available why have they not gone down that avenue and stop this negativity. No one is going to invest at 0.35 when the SP is 10%+ lower, if they need the funds the PI that has taken up the offer is going to get stuffed again as the institutions will get in for 0.25 or less and there will be greater dilution. Are the board bothered? No,IMO they will fund their wages going forward and create a new wash rinse repeat structure.
This needs a radical overhaul but still has plenty of potential only if a major reset is taken, IMO the latest one is not good enough, can they learn lessons of the past, there are plenty of other companies out there they could learn a lot of financial management from. Lets see where this goes!

Now all about the fuel supply and how they make it? Maybe next they tell us who is making it?
Looks like confidence to me, all I hope and guess is on track!
https://t.co/nOpjyL7ee9?amp=1

Sorry TonyBaby, I stand corrected. Howay Man, give a monkey hanger a break will ya :) :)

I really hope so TechyRob, I hope it’s tomorrow :) but I am just throwing in the ‘QFI calendar ‘ so I am not raising my expectations too much ! Age old saying no expectations no disappointments!
Although I am expecting £1 + in the years ahead :) . Hopefully an enjoyable ride ahead is on the horizon!