Member Info for WeylandYutani

need a bit more oompf than that lol

wheres the pumpers?

cartt this ****e was posted several times under a different id previously, why do you keep getting banned and come back with new id?

wont be long untill we have another solicited "unsolicited placing"

Strange how the share price is still stuck at all time low? i mean when production is higher, oil prices high and not forgetting total debt higher. I cant understand it

Plus higher interest rate, thats gotta be good news for Deceitful

fun over on the RRR board. Deceitful getting a deserved pasting and heavily underwater there now.
Love karma.

Yep confetti placing announced today LOL

deceitful is pumping dead dog RRR replying to his own ramptastic posts...placing inbound over there no doubt. Shameful.
No movement though LOL

a scam company listed, doesnt matter how much mug punters money is wasted......im in the wrong job......my fault for earning an honest living.

Deceitful only posts when wti on the way up....not that it makes any difference, i see he owns 5 % of lofgrunts next ponzi scam. #buyer beware

wants shares in this P.O.S same as Elephant salary oil LOL

already loaning money back to the company at 15% apr. Im seeing a lot of similarities here....
"
Current Maturities, Notes Payable — Related Parties

The current maturities of notes payable — related parties consist of the following:


June 30,
2022


June 30,
2021

Loan from Gavin Burnell, shareholder and former director of the Company, dated December 7, 2013, unsecured, bearing interest at 15% per annum, due December 31, 2022


$

241,779


$

275,150

Loan from Woodland Capital (controlled by Gavin Burnell) dated November 4, 2013, unsecured, bearing interest at 15%, due December 31, 2022.




60,715




69,095

Total Notes payable – related parties




302,494




344,245

Less Current maturities, notes payable – related parties




302,494




—

Long-term notes payable – related parties


$

—


$

344,245

Accrued interest on the above notes payable totalled $424,815 and $431,811 as of June 30, 2022 and 2021, respectively. Interest expense for the above notes payable — related parties for the years ended June 30, 2022 and 2021 was $50,123 and $50,315, respectively. The accrued interest is due at maturity.

Aggregate current maturities of the related party notes payable as of June 30, 2022 are due in future fiscal years as follows:

2023


$

302,494

"We have agreed to pay Mr. Lofgran a salary of $180,000 (all of such compensation being deferred until the Company’s Common Stock is publicly traded), provided his salary will increase to $360,000 on the first date the Company’s Common Stock is publicly traded. He is eligible for an annual bonus, which began in the year 2021, targeted at 50% of base salary, as determined by the Board based on his performance and the achievement by the Company of financial, operating and other objectives set by the Board. Mr. Lofgran also receives a standard benefit package, twenty vacation days per annum, and reimbursement for reasonable business and travel expenses."

RE: Elephant OilTue 19:58
Embarrassing. $20m in Mar -> $15m in Aug -> $10m in Oct -> $8.5m in Dec.
In less than a month the planned proceeds for exploration is down 33%. For initial surveys and license fees in Namibia - down 25%. For further expansion of portfolio or further exploration activity of existing assets - down 50%. For working capital - down 23%.

So $6m net and the greedy twonks running the show will take a quarter of that just in salary in only 2 years.
Helpful, you really are a bad liar - "means less dilution for existing shareholders". Sure, so barely any funds left to run an exploration company. There will be a seriously discounted placing in very short order and those existing shareholders will be very much diluted. It's a prime example of a lifestyle company which will achieve nothing.

The kicker is that due diligence is back en vogue and who the hell is stupid enough to support this crock? I'm waiting for the failed IPO and then a comical $2m raise on AIM. If it does get the US IPO away then the need for cash (if it actually has any ambition of exploring) will make this balance sheet item tend towards zero in double quick time.

yes but if you had 2 high paid jobs that demanded doing SFA then you would surely manage lol

probably because his future plans are do f all and work on the next cash cow. Be interesting to see how fat his salary is with Elephant oil im guessing it will be elephant sized say about 375k plus a bucket load of free shares every year for "PPP" no doubt

has done absolutely naff all for share price, whats he getting paid? is it about 60k a year for 1 day a month. What has that money got ?

anything actually happen here?

yeah thinking of doing something else with mine