Member Info for WG818

Bubbles. Your memory is poor as we know, but it was only a week ago that you threw your toys out the pram and told everyone you wouldn’t respond to me…….again!

Anyhow. Take a look on Page 14 of the CPR. And they are aren’t even close to the Poor P90 figure that gave a figure of 15% CiO (Gas consumed in operations) and that figure had assumed they would have drilled a well and installed the Accelerator string!

Wrong again about the dark side also!

I know you’re not good on the detail bubbles, but try reading the CPR again. Thee information is all in the public domain if you can be bothered to look!

Tony. Agreed for once.

Just a reminder that they have advised that the increase in production will be taken up by the gas that the new compressor will actually use to run itself!

Danielm89

Mr Forrest is still owed another £1.8 million due shortly. What just happened diluted shares in issue by nearly 13% and that’s just on £1million owed.

They still owe the 8% gross for a year now to Mercuria. Another £1.6 million odd. As the accounts show the don’t have the money and production is dropping around 8% a month that’s nearly 40% more dilution to look forward too.

And aren’t all these holders on the register considered “related parties” ?

As Marcy once said of Angus “ As close to uninvestable as you can get can get”!

I think his boiler is about to explode over at UKOG Offy. Not sure I would ocelot is the best one to have in your corner given his/her record and the accompanying “hyenas” he/she has ridiculing them on the UKOG board.

Thanks for confirming what Push2 aka Bubblepoint did though Oceobot!

Those “hyenas” as you describe them, where actually the mugs you led up the garden path. And you decided to delete your history because it was riddled with information that turned out to be totally bogus!

But in Your world Putin is the good guy I’m guessing, as your thin is as thick as the orange ones is!

Bubble.

I really think you should take a long hard look in the mirror !

“Pretty much showing yourselves as everything that is wrong in society today.”

This coming from the man who deleted his previous account when you got caught! Apparently so know one could use your expertise! When actually it would have proved you were playing the mug punters on here! …….yes you have just admitted you are a trader! You give a wonderful explanation while selling behind the mugs backs! You got caught!

Personally I give those mug punters the information I have gained over the years, not to enrich myself, but to save the naive from being pickpocketed by the likes of yourself. Yes as you say YOU are actually the one who is everything that is wrong with society!!

Any small progress is going to cost Millions as you know Bubbles! And I would say the majority are fairly upset actually with the BS told by the company and upbeat contributors on this BB!

I also suspect that the majority haven’t read the accounts as I can’t see anyone mentioning some rather obvious points!….like where the hell has all the money gone for one! Even Taking Brockhams £4 million write down out, they would have only broke even in a year they aren’t paying the £20 million loan back, haven’t paid the 8% gross to Mercuria and still owe Mr Forrest £2.8 million!…. O, and my Favorite, pushed the crystalised money they still owe (anyone’s guess how many millions that will be) on for another 12 months! So as they actually owed trade creditors over a million more than they held in cash I’m sure we will have another £4 million odd in new shares issued to Mr Forrest and Mercuria shortly at a 15% discount is it?

Come off it Bubbles! The annual accounts have just been published and you are trying to detract how truly awful they are, by accusing others of looking back as detracting ?? What else are you supposed to do when reading and questioning historical records?

History isn’t “bunk” when it comes to this lot. Just look at the dismal drilling results from the past, including the last drill that was more failure than success!

Bibles. Of course you are looking forward to it as it’s a perfect opportunity to give your expert opinion while trading in the background like you got caught doing when you deleted your last incarnation.

This will be a test. It will not make them any money as they will be restricted on production. This has been confirmed by the company itself to the local community!

Those figures were also supplied by the disgraced founder of the company who was forced to resign because he did his dodgy deal with The 19 year old from America 2030!! He was also the genius who drilled the wrong well at Brockham as well as crashing the share price by taking the 25% of Balcombe in the first place.

It’s going to cost £4 million to just do the test. All the evidence is shouting that the Kimmeridge is a none starter as professor Smyth has always said and been proven correct.

Hopefully for the company they will get the planning permission to inject water at Brockham because there was a hell of a lot of water to dispose of at Balcombe should the long shot actually pay off.

Come on Bubbles! You know as well as I do that Balcombe actually proving commercial is a long shot with all the evidence and information now available.

I actually agree with you that they have to at least try if they get permission though.

As for everything Angus being doomed? Well again you know as well as I that without millions being spent on all the rapidly depleting sites they are just that….DOOMED!!…..lol

And why would you consider a favourable outcome as a positive? £1 million just for the first stage. Then another 3 million to upgrade the site for test period. Make no mistake that’s all the permission is for and it will have a restriction placed on production by the NSTA just as Brockham did. Then in the highly unlikely scenario with all the evidence now in that the Kimmeridge does flow commercially back to the council and then without doubt after refusal back to court. 5 years away at Least, and a placing to pay for a doomed test! Compelling argument isn’t it?

Same source. My figures tally with Mirasols.

Supplies-.Daily actually Physical- volume -Saltfleetby.

HTTP://data.nationalgas.com/find-gas-data/view

I’m not sure if it was reported late or mirasols cut and paste missed it ? But the figure was 0.1273 on the 20th.

0.1178…21st

0.1059…22nd

0.1167….23rd

I had assumed they had halted production to start the welding work to attach the compressor also. Apparently not.

Bubbles.

As you are more than aware I very rarely comment now. Mostly because the majority ofcriminally incompetent have departed to destroy the next company they touch, and the large number of posters posting tosh disappeared around the same time. (Funny that) So I’m hardly spending “most of my time trying to discredit”

As for me or OP not knowing the financial position? Well I have given you a run down and it’s a dam sight better informed than your “War Chest”

Have a good weekend.

Bubbles. I really don’t have a problem with your information as long as you tell the whole story.

Experts have cost mug punters dear by pretending to be their best friends whilst not telling the whole story!

Remind me whey you changed your name again last year!

Bubbles. I hadn’t bothered to correct you up until now.

You really should open the latest CPR and review all the information available.

The decline is clearly shown in the CPR and if you had taken the time to read the Wingas field report also listed there.

If you recall you got quite thin skinned when challenged on the decline a few months back and assured everyone that the decline was just crap in the line from the drill….Wrong!

You also stated as fact that only one compressor package would be being used at present. Both packages are Rated to 5mmscf. That is not enough to run even the diminished flow from the wells at present through one compressor without thrashing it to death!

You know as well as I do that without millions in investment that will increase the shares in issue to well over 5 billion, the best they are going to do is make 2 or 3 million a year profit for a year or 2. Not allot shared between 4.5 billion is it. That’s of course assuming that the directors won’t award themselves most of that for a job well done!

I nearly spat my tea out then Bubbles!!

“They have actually done quite a lot in the last 2 years To clean up the sewage spill of the past”

The sewage they largely created?and how exactly have they cleaned it up? By diluting normal share holders to oblivion!

Agreed that mr Herbert seems a decent enough chap. Mr Zielicki however seems as trustworthy as Arther Slugsworth his lookylickey Willy wonkas henchman. Straight out of the same box as Lord Meltonmowbray and Lord 9 digits.

As for your “war Chest” erm they can’t even pay the Royalty interest from Q2 and 3! Hardly something you would choose to ignore with your imaginary war chest! Do you have the figure for the missed hedge contracts, or the legacy contractor payments they listed in the loan agreement, or the acoustic sheds going around the compressors, or if the new £4 million compressor is actually paid for yet.

£23 million built up on that loan by the 1st amortised payment, 5 back payments or heavily discounted new shares to the Royalty interest holders, and £2 million plus to Mr Forrest due in Q2!

£5 million each for the 2 new Saltfleetby wells plus the other essential works, £3 million in upgrades just for the test at Balcombe should they be lucky enough to go ahead, £4 million each at Brockham and Lidsey for new wells at each. Brockham actually has permission for one. Anything they plan to do will require external funding, and they have told us as mucH.

It’s really not hard to see when your back in Bubbles!

I see you are still spouting total tosh onetomany! Your figures are total fantasy!

Yes if you forget about the hedge, or the payments to contractors, or the £4 million booster compressor package, or the 8% gross payable to Mercuria on sales, or Mr Forrest’s quarterly payment, or the fact that the £20 million they owe on the loan will have racked up £3 million in interest in the first year break window, or the fact they will owe Mr Forrest another couple of million in July next year, or the fact that production is falling by 10% a quarter, or that each new well will cost £5 million each (should they actually re-apply for planning permission) (me thinks that a environmental survey will be required now)………or the fact that the company itself has told us to expect a placing!!