Member Info for wookieemonster

Especially considering the carbon capture aspect. If they just want some extra reserves for their own PF then ok, but with our mcap it just makes sense for a major to take as much as possible, it’s really is pocket change to them..

What would I do Tiburn, well if I was offering a JV I would be trying to grab a big a slice of the prize as I could. I wouldn’t be waiting for Art to develop further and get less than what I could now.. a savvy company would want in before they got less or take all at a price Art couldn’t refuse.

Assets remain the same value. Huge reserves, 40’year production incline curve, drill permits, flaring permits, RBL / JV discussions all factually the same.

Production stable or circa what we already know. In the grand picture it’s very minor considering the ongoing work.

But annoying as we don’t have enough clear updates from the company of what’s really going on.

We just have low production, bad debt and a crappy mcap. Be nice if he could improve that, it has been years..

Unless the company can get production up a low ball takeover seems more and more likely. Another placing here would be the final straw imo, would truly make Art look both a fool and a liar.

Who said no RBL or no JV? That’s another untruth… production is low, as it’s been, but nothing to go do with RBL or JV… Asset value far higher than sp Fish, gas in the ground worth more than our mcap.

Not sure why you think you’re right about anything.. things the same as before except continued low production. But your not invested so you don’t need worry.

Hope we have an update now. Need to know what the plan is, if it’s more dilution I’m not sure I can stay for a 3rd / 4th round. He needs to start showing he can actually deliver and create value from this fantastic asset.

If we get dilution before substantial news such as the promised RBL & now the JV Art will destroy this company and whatever sentiment is left.

Production still low and that’s disappointing considering where it should be by now.

We need an interview and a proper update as a matter of urgency.

EOA chances, and pumps everywhere, pretty straightforward poster, just wants a fast buck and who blames them. At least he’s not shooting shares down all the time, don’t mind a bit of optimism now and then. It’s hardly been a fun party here.

This is main market so the report should be legitimate, by Canadian standards it should also be conservative..

But we’ve not seen the full report.. and those proven reserves should have got us better financing by now as currently our terms are terrible. So why don’t we have an RBL yet??

Well if a JV is at due diligence stages and would obviously be offering x amount for x amount of the assets, and assuming it would be a fair amount due to the assets involved then it makes sense the RBL aid delayed / on hold.

You would naturally focus on a JV as it comes with a lot more in regards to fast tracking. But the silence is deafening!

Exxon discussed as speculation only, there is no evidence at all it is them. Though they would seem a good fit and there’s plenty of indicators / links that support that theory.

Arts also said banks queuing up to offer RBL and would be sorted already, he’s also said no placings and placed, he’s also said 5000bopd this time a year ago, he also said significant uplift for shareholders pre Atomic.. so, personally, I believe nothing and expect little until it comes to light.

Every piece of news we have had to date has resulted in a lesser market cap / sp.

All we have is hope and speculation and really hope that changes for the better very soon. We need production numbers up at the very very least.

Yes I wonder this everyday. And think this is partially why we are valued at circa 13p. There is no trust in Arts word or ability to deliver for shareholders. That’s the basics of it.

Plenty hold due to the assets, 50p is a base level, a fire sale shouldn’t see us get sold for less than 30-60p and that would be a really good deal imo ( for the purchaser ).

RS report highly likely to be an underestimate. Gas in ground is something like 80m, physical assets not included etc.

RBL was very likely priority but if a JV is at Due diligence stage then that would have taken front seat imo. And of course there is much to be done, negotiated. All takes time especially legals.

He’s recently said something along the lines of if people don’t think there’s anything going on they’re wrong..

Also, our production is not near our production capacity and now flaring granted and dewaxing commencing we should start to turn a profit.

Worry everyday Art will screw us over, but trust he’s out to build this into a serious company or at worse sell it for a decent price.

Matt some have hundreds of thousands invested above 20, 25p, any buying lower probably good, hopefully!

We should be set up now for incremental increases in production. As flaring clears some pressure and wax buildups reduced only way for production figures is up. It’s not like we started high and going low, we have huge amounts and just getting a drip currently.

Obviously every new drill brings more production and every current producer being optimised should see out figures rise considerably.

Oh god why are you bringing your gloom here as well?

I’ve not managed to catch them all, but over my years investing I’ve seen a good few “flat lining” shares like this, not including the many hopefuls or the dreamers and not the many have nots but hope so’s.. but the planes on the runway, with all the necessary requirements for flight but just not cleared for take off yet.

Those runway shares that spend months and years “undervalued” or waiting for clearance all share pretty much the same thing in common, they all eventually take off.

Small rise but still on a downward trend, again…

Need some ground breaking news and a year overdue a decent uplift in production..

There are always sellers that’s the stock market.

!!!Copl Black Friday deal, currently 950% off!!!

Good shout sage

I here you stas we all feel the same, but many still here meaning happy holding for the bigger picture not the trade.. Had my share of venting frustrations, especially placings when told none coming and also production coms. Think anyone invested since Atomic suspension will share those feelings. But our assets have improved dramatically in that time. The sp has yet to catch up. Just hope its not watered down once again before any of us can actually see a reason for taking such large risks investing here.