Member Info for wookieemonster

Not really Stas. Calculate the assets and get back to me.

So Nubby having been here for 5 mins I take it then you had zero faith Art getting Atomic? Of Art getting Cuda? Of Art making a huge discovery and getting it verified? Or of Art getting flaring positions lately? Yes I can see how you can say zero faith with that track record… goodness me.

Debt v production = sp crushing.

If we cleared the wax build up and got only our current wells operating at capacity would we would be able to more than service current ( terrible debt ) easily!!

Factor in an RBL based on new proven reserves and the repayments go down considerably, so in same case scenario we make decent profit without any extra drills.

This current ordeal is all about current low production issues which are being resolved.

The mcap is representing a fraction of our actual assets.

Prove me wrong.

Give it a rest Iron!!! you’ve been here long enough and know FULL WELL a takeover of 50p art would literally be giving away assets for free!! You’re all behaving like you’ve got Stockholm syndrome with this sp!!!

Debt is actually very minor compared to reserves, it’s the fact our production is low which will likely change for the better quite quickly, which then covers said debt!!

50p we would be giving it away cheaper than if we went into administration!

If the email is genuine I’m glad to read it, would be nice if Art could say the same in a small interview of shareholder EOY update, wouldn’t take much, and verify such coms though nothing in that seems to suggest it’s not legitimate.

All we need is some direct coms like that from time to time.

Thanks for posting and hope true as good to hear.

Perhaps both the rig and the casings are part of an agreement being set in place. Perhaps in friendly discussion they’ve agreed terms and awaiting the legal fine print but setting wheels in motion prior.

Didn’t we recently read of large investment 2023 by some friendly neighbours? Perhaps if things in due diligence stages seemed to progressing well, one might be forward planning on such things.

One can hope.

It’s a strange one, I suppose they might open it at a representative value and spend a hours maybe days in auction or NT.. but again it would depend on the deal structure etc.

Still don’t know why we can be valued conservatively 1/4 of company asset value so don’t know why I’m even posting.

Im not certain but when there is company changing news suspension is usually implemented? Like when we got Atomic, it really depends on the structuring I guess. If it came to pass at all.

I’ve got high side 5 digits here, and a little nervous, so for one like reading both the factual posts and the negatives. Only posts that would be nice to see gone are the petty ego based ones.

Invested for the facts but find the continued missed deadlines concerning & especially those claiming higher production figures then consistently reporting lower ones later. Find that manipulative from the company as I’ve averaged down twice on such coms….

Doubled my holding when the website said 5000bopd 12 months ago.. and that still really annoys me. It was misleading and cheap. Imo If Art wants to be seen as professional he needs to act like one a lot better.

We need results and a lot of improvement here. He’s had the easy way out every time and no repercussions for misleading information, another average down for knowing many banks queuing up for an RBL the list goes on.

The sp falls and falls.

Let’s see some progress Art and I would like to know the truth of the current situation. We’ve backed this company with good money and held through thick and thin on both your words and your goals. Many of us supportive even for the occasional rants…

We want to see this succeed, because we believe you can do it. It’s just bloody worrying sometimes.

A lot of us, including me are very disappointed to not have agreed an RBL yet and no wonder market very wary.. but a JV might be the reason and would take longer.

However the unknown is unnerving by history’s lessons here..

Come on Art, can we at least have an update of general progression??

34bn free cash flow.. it’s hard to believe we would get our break after everything, but also believe Arts been playing a long game and setting it all up for such a thing..

I mean, buying us out wouldn’t make a dent in that sort of capital stash!! And gain them long term security and opportunity.

JV seems very likely indeed. Who wouldn’t, with that sort of money and operating close not want to gain a huge onshore asset with 40+ years production AND carbon capture potentials…

On home soil as well. Almost a dream scenario for such big players. I wonder I wonder I wonder.

Funny thing when someone claims someone else’s trade

There’s one person with egg on their face that’s for sure.

How I long for an RBL / JV so we can end both this depressing sp and start to see for real our potential and direction and end all the silly games that go on here.

I’m actually not that fussed about the discovery, it’s given us no uplift in mcap or share price and like so many companies it’s just an asset in the ground yet to be capitalised and so it’s worthless until it is.. though it obviously gives us the upper hand regarding RBL / JV which is great but personally Invested for Atomic and everything it has to offer, without the discovery we have the capacity to be producing at decent volume, with Cuda we have even more.

Without the discovery this could be really good, with the discovery it could be excellent. But actually without the discovery we have a lot going for us. Which is great, it’s not like we are relying on the new find at all. It’s purely a huge huge bonus on top of an already great asset.

Absolute tosh

Why is it though some posters post 20+ times a day and have nothing of value of interest to say… news soon I hope this chat is slipping again.

Simmo I said yesterday we desperately need a operation update, the fact that we need, as just said, 100% rise to get back to the 20s is crazy, especially when you consider the fact we have more assets now than we did when trading close to the 30s….

But this is classic market sadly.. it’s almost pointless focusing on the sp now. It too depressing. The markets factored in nothing, again our gas in the ground is worth twice our current market cap… so what do the snake people make of that?? Ignore it probably..

Either way suspect the low to medium chance that we do get news soon we will be very likely be suspended again as if it’s a better financing deal or indeed a JV then the tables turn so quickly value wise and confidence wise they would have to suspend at these levels.

HUR is a prime example shooting from 0.70 - 8p it happens, seen it a lot and we seem to be in the same boat. ( hopefully ) Art makes it very very hard to be trusting.

Assets seems to be the only raft to hold onto atm.

At the very least we should be getting an RBL, with all those banks lined up there must be a better lending package nearly ready surely!

If due diligence on a JV is underway we should hear very soon if it’s going to happen or not.

Recent Production figures mediocre at best but delayed and should see, we really should, a good uplift in the next set of flaring and de-waxing is happening.

We absolutely, categorically don’t want a placing before any of the above are met. It would be an out range based on company communications of late and another absolute shafting and fingers up at investors.

If there is any solace currently is that so little is priced in, that we are really already at rock bottom prices and it’s hard to see how art can further destroy value…

Really due to all the above and uncertainty here it would be considerate of Art to give us a progress update.