Member Info for woody2002

Red or white? Lol.

Wine haha

And bore cleanout.

https://youtu.be/TS-ZexWjQ40

Malcy meets with company reps and then does a blog guessing the future and is regularly wrong, actually majority of the time... thats because eveyone is guessing! Even those perceived to be experts. Woodford considered the Warren Buffet of London is really struggling and has frozen funds from entering/leaving his EF. This is why valuation by CPR and accurate reporting is paramount here!

We are cash strapped and clearly going nowhere fast. Still waiting on the 401 deal announcement. PMSL........not.

Morningsun Im struggling to see how a CPR estimating reserves on Mengo and R zones is irrelevant. We never intended on producing from Djeno at 103c. The company only requested the oil seeping up was inclided in an alreafy commissioned CPR. It was paid for and delayed at our request. 1500 barrels a day (potentially) and X amount in reserves im sceptical on all numbers atm but We'd be north of 20p if we had half of that flowong atm. Were sitting around 8.3p and you're classing information as irrelevant? What is really concerning is we have oil and seem to have no immediate intention of going for it. That to me suggests possibly:

A. We dont have equipment any time soon so dangle a carrot for PIs.

B. We dont have the cash for equipment or another drill so dangle a carrot till SNPC cash adds up.

C. The scary 1, the company doesnt trust the govt and doesnt want to complete a well at cost and then lose out on the license, therefore we'll be pulling our wire for 6 months till everything is legally signed.

Is dumping shares in 500k chunks.

CPR was not intended for Djeno and originally was for upper portion on 103C. It was delayed "at request" by AAOG. Therefore there is an original document that could be released to the market. Also as i stated below, CPRs are not set in stone its subject to variations and will be modified as the programme progresses. This is standard practice therefore theres no incomplete CPR just early stage. Initial reserve estimates are accepted with the knowledge they will change through time, hence "estimate"

This delay is likely because they cannot or will not progress for whatever reason, hurting the SP and investor sentiment. I can deal with SP decline but not misleading information comping the the company. That implies something is being kept from investors.

From memory hurricane may have actually drilled a test well and shut it in for a period.

Aiden - what data? Where is that coming from? Regardless we were told for 2 months it was on its way. U think it took 2 months to say this isn't enough data?. This company specialises in CPRs they know what they need.

Barking we dont need flow rates for a CPR, ROSE has 1 based on 3d seismic drilling, no oil yet. Hurricane has had 1 for years and has updated reserve estimates several times on exploration drilling, they to my knowledge havent produced anything. CPRs are done in stages and updated with more accuracy as the project progresses.

Anymore bad news we'll be at all time lows and already 1/3rd more shares in circulation. Sorry guys but its my reality too :|

Utter nonsense - completely pie in the sky. Its funny how rampers all agree with each other ""wow thanks man" "unbelievable great post" now we've started rating scenarios out of 10 lol. Been doing it on GGP for over a year as well, were supposed to be at 300m Mcap over there, still at 1.6p

How many rampers predicted no CPR and 8.3p in June? They're never right but always overly positive!!! Sign of intelligence is not ignorance on face of facts btw.

Theres a big rampy effort the past 2 days to make such a positive case here and silly little drawings on maps showing sweet fanny adams. Not the first time i should add!

Investors should think carefully about tying more cash up here, if we require more funding this is going to 6p probably.

Theres something not right with whats been happening, you dont cancel a CPR that was already guaranteed twice via RNS and delayed to include info that wasn't adequate in the first place. Then the company tweets about great news waiting on a computer model? Wheres the mengo CPR? Fyi senergy knew that info wasn't adequate when asked to include it.

I keep saying im expecting more delays and something isn't right well its happening and the rampers are trying their hardest to hide that fact. Ask yourself why? Nobody had even heard of a cpi so dont hang ur hopes on that either.

For clarity im very hopeful and still heavily invested here but I can't come up with a scenario in my head that positively explains any of this nonsense.

The company isnt being honest with investors and timelines are being drawn out. No doubt another JV according to rampers...

I think its computer based model. Computer processed interpretation or something. Could be wrong dont quote me.

Im under water so wont be doing that. Also im slagging the management im not deramping. The performance is reflected in the SP. Regardless of what people say of what we need its not ok to promise something twice then cancel it. Poor management end of. As for needing a CPR ill say it again its a requirement from the regulator to define a resource. If its not produced you cant quote reserves and the market cannot value a company accurately. We've been let down.

Rampers out in force i see boasting about what others have. Nothing to do with us and not even comparable to the situation we're in.

AAOG has done nothing to progress the license since the end of the drill. They've ramped and raved about what they have in umpteen podcasts and cant even produce a document that confirms it. This is a shit show. We've been messed about to prevent us selling up and dropping the price lower... DS takes his salary home and we lose money. We had a CPR for 103 minus Djeno info and now its been kept from investors. The more time passes the more the trolls are actually sounding correct about this.

Pathetic management

Just for clarity and to point out the trolls lack of knowledge, we haven't raised cash for quite some time, we're funded thanks to options/warrents, and dilution was to purchase 2 companies and their assets. Ignore trolls

They can produce from 103 without having to raise more cash. Im sceptical but its possible. Im just pissed off were heading for 2020 before any real progress will be made on production here. Oil is sitting there and we're not going for it because they're sitting around talking about it.

Thats a very ignorant statement mate. Thats like saying Canada and America are the same country. Every govt acts on their own and has nout to do with any other. Its almost racist lol

Clearly you've no idea what ur on about. The money is SNPCs share of the drilling, topside upgrades and operational expenses.

SNPC are contractually obligated to pay their share it isnt optional. Also if the Mengo is so good why arent we being given that information?

Spike the CPR is the official document to classify the asset youre investing in, so please wind ur neck in a bit and dont question my strategy when ur investing in the same asset on zero info other than we hit oil... you've no idea what you invested in so maybe consider what annoys menis we've been lied to and let down...its very definition (CPR) as required by the london stock exchange is to protect investors from false reporting of assets. ill leave you to it today I cant be bothered with the "its all good" brigade. Sefton just played for time again. Its a joke and were probably heading for 8p today. GL

EOG btw