Member Info for WG818

Silly buttons
The Wingas FDP for the 2 existing wells gives a 10% down time for pressure buildup and maintenance.

With regards to the new equipment. Only 1 compressor package is on site presently capable of producing 5mmscf (half the total quoted)The other is due to be delivered after the sidetrack is drilled according to information provided by the company itself.

So are Aleph having second thoughts on the other £3 million then? That “imminent”further announcement from Mondays RNS is a bit overdue now??

With all due respect FrayBentos “ Adrian” with your 1 post you really need to do a bit more research.
The QaA has a couple of answers on this and GL himself said they would take a couple of months off whilst drilling in one of the many interviews (the one to one I think) They will need HSE sign off to produce and drill at the same time! Don’t forget after nuclear this is the most dangerous industry! They have also stated that it is not considered safe themselves!!

Come on Ocelot!! They are holding a meeting on Monday to allow it!!

Tony
They haven’t told us they can drill and produce. In fact they have said they don’t actually no and needed to do some work on! Until they tell the market that they have been given permissions to do so there’s a danger that they will have to supply the gas to Mercuria at the daily spot price for the duration they can’t. It’s a pretty fundamental question they seem unwilling to give a yes or no answer on.

Some new names this morning, they obviously don’t realise that there is a £3 million placing already announced on Monday at 1.09 ?
They probably don’t understand that the gas is hedged from July the 1st or that the £1.4 CLN can be converted from July the 18th!……that’s convenient timing isn’t it???

You lot seem very happy for an RNS that gives another 2 week delay??

Let’s translate.

“All the equipment is on site necessary to export sales gas”.

That’s an odd thing to put? Are the gas generator/s still not arrived then? Something must be missing at the very least!

“Contractors are working toward” typical Angus get out clause…..”the week commencing 20th June” that’s the end of the week then at best….. with first export the week after…….so we are into the hedge!

So I see they have “concluded all preparatory risk assessment and planning for the “21st July” the know doubt to slip sidetrack date. I can’t see it saying that they have received permission to produce gas while the sidetrack works take place anywhere. That’s a pretty important piece of information to miss out?!?

HITS
Mr Forrest has of course handed over the full £12.5 million de-comm listed in the Wingas (aka the Russian Federation accounts) costs including that 8km pipeline to Angus. Not hard to work out a bit of backscratching gout on with all the shared addresses and joint directorships really!?!?

And right on Q, here is mr malfunctioning full stop button!
How long does it take to switch a SIM card?

Silverlight.
RT003 is notorious for well…..just making stuff up.
If he can tell us what his man on site who has been right 3 times out of four was correct on I would be amazed highly interested. After all everything GL has told us has not ended up being true, so why would his spy be any better?
I note with interest that you also have a malfunctioning Caps Lock button?

Why didn’t you post a link to those disappointing Twitter pictures instead of Quoting your “right 3 times out of 4 source”?

And look at that flying pig!!!…..RT003 =Total fantasist!

Those multiple I’d posters with malfunctioning keyboards are waiting!!

At least try to use capital letters and full stops!

You then have the previous placement with warrants to add to that available at 1.20 1.30 and 1.50 wasn’t it? Those that you said would save them doing a placing last week!

Sorry Ocelot, slight exaggeration, just 200 million!! Still eye watering though isn’t it!

Lol…..of course you are!! Can you break down your 5p figure for us please. How will they manage to get above 1.09 with those 2 billion odd shares available at the same price or lower in Knowe,s case

I’m having a guess that Taverham and Silverlight and tradedesk are caught in that lobster pot that HIT’s was in.
The risk reward is awful here. Another £3 million placing In 2 weeks at £1.10 and the share price now shackled by the following.
“The Subscription Shares carry in aggregate rights to a further 173,100,000 shares in the Company by way of the issue of warrants, which can be exercised at any time within the next 5 years at a price of 1.09896011 pence per share.”

Add to that the Knowe £1.4 million CLN convertible from July the 18th and even with them being able to produce before the hedge kicks in (doubtful now after the interview yesterday and the sidetrack start date answer) this isn’t going anywhere.

That’s not the answer you were hoping for was it Donk?

Total waffle and not “ yes we submitted our application to the HSE and it has been accepted”

Instead “subject to final satisfaction of internal risk assessment SIMOPs are planned!! This was supposed to start in a couple of weeks .

It’s quite difficult to start a fire from drilling in the sea as-well isn’t it?

5 or six weeks having to pay Mercuria the daily spot price could get expensive!

If they don’t start production by July 1st (looking very tight now especially reading between the lines in todays Malcy paid for interview) and they can’t produce gas while drilling the essential sidetrack, perversely high gas prices are actually the last thing they want!

Funniest thing is that she has actually now filled accounts for America2030 (available from the companies house website) and all done from her new address in the wait for it ……..UKRAIN!!

Ocelot

That’s an odd post? You suggested that that 2 substantial strategic investors are new. They quite obviously are not as I pointed out! You seem to be suggesting 5 recommendations for correcting a post that is grossly misleading is so wrong?

I just had a look and JA51’s history is still available ( I see what you mean about DL but that’s another can of worms by the looks of it) doesn’t look like a ban to me if the history is available!