Member Info for wookieemonster

I just like balance LB I don’t mean or want any issues. I’m fully with you that things have not been great nor communicated well and understand the frustration. At 50% down I’m annoyed with the company and myself and clearly there are some big problems regarding how this has been handled.

But there is a bigger picture and we can’t loose sight of that.

Just think the one sided argument for fear isn’t fair. We have issues but there is another side of the coin. The issues seem to be short term. We just need to make sure we stay on top of our debts until sorted.

I’m not denying there has likely been issues, far from. I’m just saying, oil and gas is hard and you get things like this all the time. But we must not forget what’s under the surface. Atomic has proven production and reserves, which we are trying to optimise and grow. I’m rubbish at numbers, there are some amazing posters on here and I can’t do what they do.

But refuse to allow someone saying it’s simply all “f**ked” because that’s not the case. But yeah the sp sucks, we all agree on that.

Just to confirm I’m a subsea pilot and technical engineer, I’m not on the drill deck. I’m observation. And all my experience is subsea, Gulf & North Sea. Invested here for the assets, reserves and huge scope for development. I’m not fussed particularly if one well doesn’t work.

You are completely entitled to your opinion LB but I can 100% confidently say I know a lot more more than you on this. I’ve actually been there, I’ve done it and have a very good working understanding of it. You just cry about stuff.

Your right production has been a problem, in all my years I’ve not worked in a project that hasn’t.. that’s the game. It’s how you work those problems that matter. And let me tell you this and listen good!

Having pressure and knowing you have oil is major.

The issue is low production figures and having debt to pay. This is our issue currently I believe. But this is the start of the lap, not the end!

The real issue is having no production, no discovery and huge debt to pay. Which we don’t.

Man up, you sound like a madman.

LB man.. you don’t get it do you. This isn’t like we have a rig in the middle of nowhere, on hire and costing hundreds of thousands a day hoping to strike!!!

What you are basically saying is your vintage 911 is worthless because it’s got a flat tyre!! It’s worth nothing, it doesn’t move.. just change the tyre.

The asset is very real.

Must say I find the higher than expected surface pressures very exciting. I’ve worked in oil & gas for a long time. Subsea not land. But invested in plenty of land based projects.

Until stabilised then they can’t update market. But this is only a well. If it collapses or has to be capped then they can drill another, it’s so much easier on land. The fact they are experiencing higher pressure and the fact we already produce can only really indicate future better flow rates and potentially larger than expected reserves!

The problem of course is the machinery being able to handle such pressure. And I notice some upgrades have been purchased!??

In Oman we blew a well because the pressure was insane, way more down there than the seismic and geo surveys conveyed. What we have here is confirmation that at some point we can expect more reserves and better flow rates once sorted ( if not already ) the guys on the ground will know what they are doing.

The best thing here is we know we have large amounts of oil, and decent pressures!! not just finding out it’s all sand and water like most drills!! Things could turn around here very fast if they get things on track.

Nigeria could happen at anytime. Very good thing to have as a bonus should it come to pass.

Boom.

I think lizards live on the moon but it doesn’t make it true

Boom treefern. Excellent post. Speculation is not good. We can only go on facts and there is a lot of made up stuff here both good and bad.

The last RNSs have all been favourable for investment.

I think the biggest problem with trading in the last few years is the smartphone. People can trade much easier, and without really understanding and expecting to make money in a day rather than a year or more!

Twitter, this forum etc all contribute to herd & swarm mentality driving shares higher than normal due to the above or equally lower due to impatience.

Facts are copl is worth more than 17p.
Facts are Art has made a placing in the hope to acquire Cuda
Facts are Atomic has just changed ownership and has a long production life
Facts are Nigeria could happen anytime
Facts are production is very likely to increase
Facts are we are producing monthly
Facts are we have debt, but who doesn’t at this stage
Facts are we have a very low PE ratio

I’m concerned with this share, I’m worried about shadowy goings on and certainly some of the things posted here worry me, but when you look at the given facts it does help keeping you from selling at a loss.

I agree with you the share price is bad, the selling is bad. It’s upsetting. Things have not been great. But many looking at the bigger picture. You might be right that there is more bad news and shifty things going on. But you might be wrong. Because might, isn’t the truth or reality right now.

What we need is facts and news. But for now all the news, for the most part, has been about creating something pretty special, the information we have looks good, short term it’s a real calamity.

We are a fully stocked lemonade stall on a rainy day. The rain will stop and the lemonade will flow. But for now operating at a loss yes.

Yeah why do you do it?

And yes, being almost half down on this stock might make me not a very good one currently, but to be fair it’s not been down to fair play.

Because I’m an investor

Just to add we are no explorer either. We have some exploring to do on high probability sites of course.

Russia invading Ukraine might also actually boost WTI..

Sometimes I like you guys but sometimes you come across as very very very not genuine. I can honestly say if I felt as negative as you I would of sold long ago!!?? the fact you are so persistent actually makes me want to remain invested as you have to ask why? Why would you bash a stock so hard and be invested?

Anyway I don’t care, I’m 50% risked more than I should and need therapy.

But that’s true is it LB, not really, I mean maybe short term, do you know that many oil and gas companies operate at a loss in the early days, do you know that you have reserves that can be valued and did you know that a loss making company can still be valued in the billions?

It’s so common a growing company operates at a loss.

Saying something appears doesn’t make it true or factual.

There are companies operating at a loss that produce nothing they only have reserves!! we have reserves, and are producing!! We might be operating at a loss but when you have a 40 year incline curve you have to look further ahead than your nose!

Same with you iron, your like a second head. It’s easy to bash when the sp is red. I’m far from being not concerned but I’ve not seen any real evidence of the sp being justified against value? assets alone if we sell now would be higher than this??

Are we not waiting on production updates, cuda updates, Nigeria updates? New program updates, Do we not own a already producing asset? Do we not have a super low PE ratio?

Maybe this is all a con and Atomic is just a shed. I don’t know, I’ve not been there.

LB let’s be clear and not misleading. The share price is not indicative of value. This dropping is based on what exactly, not a lot is it? Gap between news and uncertainty.

Placing for Cuda = massive upside
Atomic production to go up + new program
Getting a PE ration more than 2!!
Nigeria floating about

I’m pretty much 50% down now but whatever! I’m in KOD which dropped on good news and prospects and now, it’s flying, just market mechanics, trading, normal stuff.

I feel like with this sp it’s very hard to keep looking past the fear and noise and focus on the future. We need news to turn sentiment and some positive factual updates.

I feel like you let the sp dominate you and if they drop it you go into meltdown? I know it’s bad but you must know the bigger picture? Or am a crazy?

Absolutely private coms have no place in these platforms, unless you provide a fact checkable link. Anything else is just stink and woft!

Interviews, RNS and direct info the only thing you can base anything on.

95% of the time rumours and ppl saying they’ve heard great things are lying. Of course anyone can send an email and get something back, but it won’t contain anything price sensitive and even then, as happens all the time, they will hint at something to make you hopeful ( so you buy, or sell ) and then do the opposite. They are not doing this for you, all they want is your money, and they will take it all with no regrets.

Another long yawn and sleep before waiting for the next let down here.