Member Info for wookieemonster

The problem for me, is I got in here waaaaaaay to early & on empty promises been averaging down and increasing my holding far beyond my original stake. Gone from being. In profit to nearly loosing all my holding.. currently need many bags to get back to double figures or close to breaking even. Can’t justify adding anymore.

It’s not a case of sell up if fed up. It’s a case of hoping for recovery and being very annoyed of how low he’s let this go.

2/3p…. It’s an absolute disaster. 10 bag to get back to previous lows..

Can we do it…

Still don’t understand the mcap v asset disconnect. Haven’t for years.

The sp seems completely unrelated.

Encouraging morning so far. Many seek to forget we’ve dropped from low lows to whatever this current low is.

10-15p and I’ll start believing in change.

Possibly an amazing opportunity for those taking note and advantage of this outrageous share slaughter.

Arts still got a lot of making up to do.

Hoping for a serious rerate here. The way this has behaving last few sessions does seem to indicate that it’s trying.

I’m glad to see some real updates and some new proof of progress. It is ammo enough to counter the lifestyle company argument.

Art has a lot of making up to do however. He’s lost his shareholders a huge amount. He’s talked many into investing at much higher levels and now he really needs to recover all those losses..

Great to invest now however, possibly.

I won’t be congratulating him or the company until he recovers the price back to the going concern RNS of say 15p.

We have been slaughtered and there’s a lot of making up to do. Let’s see if this starts to turn things around.

I think any JV partner will know full well the predictions for production trajectory at this stage, and the asset value.

If negotiations are indeed ongoing we must be close to finding out if it’s going ahead.

Most importantly is sustained and increased production. We seem to be doing that. If the JV falls through it is imperative.

Looses :/

God forbid I ever write a book.

Your..

In answer to you’re question:

All this share does is forward sell something!.. years of it.

We get -20-50% then gifted one 10% blue day when everyone goes nuts then following day it losses any recovery further sinking down.

This is the way.

Feel the same minus the hahahaha.

Good post Ed, was optimistic it would be a different company by EOY ( last year… ) hopefully it will be this one!

Good and valid points you make.

Try being in pre Atomic Ashwaldo.. didn’t you attack me saying the 10% rise should be viewed cautiously.. a few days before we had another big drop…

The thing here is, that many Gail to understand is that dropping 60% and then gaining 10% back is not an achievement…

We need to at least recover back to circa 10-15p ( pre going concern RNS, as we are funded though that roughly covers yet more new shares.

These shares/ money means we can get production up to speed, which is critical.

Only when we increase production and PROVE we can cover running costs and service debts the market will not see this as extremely risky. ( mostly due to arts big spending and big borrowing but no return philosophy ) but I’m hoping this tactic is much like many growing companies, you take big risks, borrow loads of money because you know that it will pay off when it comes together.

- JV funding and sacrifice of reserves or some mound of mutually beneficial partnership.

- no more dilution… ( but clearly why they wanted to pass consolidation, 1 billion shares into 100 million probably

- production 2000-5000bopd

And we should be well on our way.

For now don't be excited for single percent rises when we’ve dropped double digits many times. We need sustained rises to know things are changing for the better.

A lot of shares forward sold, would like to see some company coms, very surprised Arthur has refused to talk to shareholders recently.

Could the JV be reaching its conclusion..

Was yesterday just another small blip, 10 steps down 2 step up affair, or will we hopefully begin a long overdue and justified rerate!

Long may it continue!! We’ve had a long run down, can we have a long run back up! That would be nice.

Would like to see getting back to going concern levels, 12-16p for starters..

So for balance if you can answer fastfood sensibly.

Let’s say 1 billion shares in issue. Let’s go full hog here.

Then let’s offset that against assets.

- what did we purchase Atomic for again?

- what did we purchase Cuda for again?

- currently what’s are our proven reserves again?

- what is the value of Gas on our acreage again?

Of course we have a 40+ year “incline” curve for production, but currently the purchased infrastructure cannot cope with the high pressures which have resulted in production being choked and the approval for flaring to keep under control. But we are working on improving this right? Do you feel that the flaring is the result of no oil or gas?

Now let’s consider the additional discovery, how much of that area do we own and what was the conservative view did the RS report gave us again?

So tally that up, and then to be fair to you reduce that figure by 40%

Is that worth 10 million mcap?

Be great to see your own personal calculation and considered thoughts on this as you clearly have a very strong understanding of this company.

Obviously our current debt v production is border line which puts us at risk in this moment. But I’m very interested to see how, when working out the above, you can justify your somewhat intense and resistant views.

I’m not happy with progress at all, but do have some concept of value and wondered what you work it as. Opinion quite different from fact after all.

Yes Careful and the negative influencers would have saves you tens of thousands.. the rampers how ever have influenced everyone into loosing most of their investments..

The negativity to date has always been correct. Sadly.

Having invested pre Atomic ( on the hope we would get it ) I’ve seen it all.

The rampers have called it wrong for 3 years. If we had taken more note of the negative posters many might have saved a packet.

Personally I invested on the many lies and untruths the company have made the last 3 years. So the negativity comes directly from the company.

I’ve been waiting for the ride to turn for years, as the assets have always been my reason for investing. The gas in the ground is worth x4 our mcap..

After all that’s gone on. And things do finally resolve/ improve. I would hope that Arthur issues a Dividend to holders who bought way back! Rather than gift traders.

This is a strange signal though. I’m sure the cornerstone investor could of cleared other investments over this, unless of course they are privy to more bass news..

Or is it just a case of needing funds.. doesn’t seem a legitimate reason considering their portfolio.

Be nice to think it because of JV / holding percentages.

But feels like just more unknowns.

The company really needs to address the absolutely huge information blackout here.

Oh the irony 😭🤣

Still no emails back from the company regarding this mess either. It was nearly 2 months ago Cathy said they are working hard on their PR and customer relations…