Member Info for wookieemonster

Biboergosm.. indeed, Art massively over promised and then catastrophically underdelivered! At the expense of us all. Far better for us all to be told the truth and take the approach of under promise, over deliver!

Production continues to be incredibly disappointing especially as my initial investment was based on easily being able to achieve 5000bopd.. what a porky that was!! But as bob points out, everything seems to be steering to much better volumes.

The JV a year later still seems to be a complete and utter carrot with little to no substance in regards to it happening. We got a letter saying they might but as it stands they might not.. and I suppose, with the substantial debt and running at a loss this why we are trading in the mud.

Personally I feel the JV won’t happen until production improves substantially and continues to do so. This is why we’ve brought in a new expert and why the JV is still not committing to anything. I think all the legalities and due diligence is complete or close to it.

It’s all about those production figures.

What maddens me is the fact we need at least 600%rise to get back to somewhere we happily traded at.. which these days is almost unheard of..

This is my biggest worry.

We’ve fallen so far that even though we should recover when finance and production up. Will we though… expecting a 5-10 bag in the current climate seems very unlikely??

Yet we happily traded at 25p+.. it’s not like the assets dried up.. so slice that in half with dilution and it’s 12p say, to be in the same relative situation.. then add on JV…

That should get us 20p+ again… shouldn’t it.

Well that’s a 10 bag. Again, rare as rare.

We’ve fallen very easily, the question is can we do the same the other way.

Not expecting crazy figures! Just to get back to base…

Regardless of sp moving forward it’s my intention to hold Arthur and company accountable if possible. This is a main listing on the London stock exchange and in my view the company has undermined that heavily. It appears there is already enough to legally be able to take him to court if he enters the Uk, but still working on being able to see if damages could be recovered for every shareholder post Atomic acquisition to make it genuinely worth it.

Don’t mind spending a few quid to see if it’s possible.

Actually there is. I’ve not spent a fortune on advisors, a fraction of my holding certainly.

One classic is publicly saying no placing then placing. When a CEO is proven and documented to openly tell untruths you have a basis for investigation.

What is sad is just how bad, and sad this company is. 25+ to 1p, gladly the last two years of trading has finally been properly analysed, and all company coms have been documented, lawyers are now considering the data if shareholders have been knowingly misled and if Arthur can be taken to court for damages.

Meaningless really. This company needs to increase production substantially with immediate effect for us to see any re rate of any genuine substance.

The duck pond is full.

I think those, including me, who thought this was going up at the 16/25/30p levels all very much had the right to do so!

1) the CEOs public comment of gmfaie value basing at least 50p!!

2) shares in issue compared to asset value was way off

3) production was supposed to be much higher much quicker then.

4) we gained more assets via Cuda and discovery

5)

At those times we had not been stung by dilution, bonds, bad weather, limited supplies, having to cap production pre flaring permissions, and not having to fund the need for upgrades.

Sadly the “rampers” calling those prices went off the facts from the company.

It’s easy now to use that as some sort of weak argument against positive posters.

Simply put at those stages 120p was a low ball estimate on saleable assets versus shares In issue ( not including any reserve based uplift )

I think most of us just quietly hoping for a long awaited rerate.

This share has only gone down and in that respect the rampers have been severely wrong, be very very sceptical of those who cannot talk or discuss with a balanced view.

To be fair to te derampers a lot of us were calling £1, £5, £10.

That was before Cuda, multiple dilutions, bonds, more bonds and legal fees.

Those estimates now would be

25p, 125p & 250p+

Seeing as we traded easily 15-25p and considering better production verses more shares in issue I’m hoping that we might be able to reach pre going concern levels again. So 15-20p..

Maybe that needs a JV now, maybe it doesn’t but surely we should be able to recover loss in mcap doing so.

Seems to me we are priced to fail. Assets like it or not are valued substantially higher than 2p…

I’m as paranoid as you Panamabob when it comes to geo politics. A lot of my work has been in the Middle East and follow multiple sources and situations closely, China - Taiwan - Russia - Ukraine - US and now Israel - Palestine etc… partly for investment research but also because its just all getting so savage and it’s concerning.

The world feels like a total powder keg at the moment. It’s not nice and it’s hard to see it ending anything but badly currently..

Can see protected reserves of all kinds getting attention. Especially those on more stable grounds.

The company needs to do one thing. And that’s fix the shambles it’s got us all in.

That starts with returning to the sp to pre going concern levels. At least.

So prove you’re not a going concern. Get the production figures to what you promised years ago and stop fkn diluting us out of existence!

Just do what you say you will do for once.. this company is so corrupt it’s a joke.

I think if we ever see a 50% rise in a day then we can all start thinking somethings up. -10 or plus 20 just not enough to convince the savvy.

All going well we should hope to see some 30-50% days when/if we ever manage to get a rerate.

Hopefully that will boosted by NT to buy a lot pushing the shorters against the wall.

5p would be a **** take. you would know that if you’ve done your research

Copl being one.

I know.. I’ve been here that long.

I’ve also seen many stocks you’ve pumped plummet lol

Everything else is just noise. We need facts, results and progress. We don’t need more hysterical punters.

Earl you are just a trader you have no real interest this apart from making a few percent which is fine. But don’t try and pretend otherwise. Most people here not bothered about these constant ups and downs. Most waiting for an actual rerate and the company recovering past losses due to, possible impending JV. Or increased production matched to decent WTI price.

What I do see is there are calling you an idiot over on xop Earl… I’m guessing they don’t see you as a credible source really.

Yes it’s very much a time of the company starting to prove themselves, being true their word and starting to deliver many of the broken promises they’ve led us all astray with.

That and making sure they stop continually creating a playground for manipulation and shorting. Which to date, creating this chaos seems to be the only thing they’ve really managed to achieve.