Member Info for wookieemonster

Let’s see what carrot gets dangled later. Let’s see what he says to say and if it has any significance. Imagine it’ll be more of the same jam tomorrow as ever. We need oil not jam.

Xcite energy springs to mind.

Loads of oil. No ability. ( after doing ok, lost a lot there because of this very same situation, don’t want to make that mistake again )

All he had to do was pump oil from Atomic and upscale when he could afford it. We would be in profit & making money and still sitting on huge discovery! That’s what bugs me the most, and the lies.

This company needs selling asap.

3 times strike.. that’s the issue shouston… in that time I’ve watched multiple shares double but money is in this..

That’s 3 times Art has openly disregarded his investors, 3 times he’s diluted us, 3 times he’s failed to deliver anything.

Panamabob is right, the only way this man can make money is by stealing it from investors. This is becoming a very hard hold now for me. Regret buying more that’s for sure.

Course, can see the bigger the picture, can see the ridiculous upside!! Much higher asset value, etc etc. but actually not sure Art can do it anymore… He’s not got it in him, sitting on a billion barrels of oil and all he can do is loose money.

What bugs me heavily is his comments about Uk investors. Firstly he’s diluted the sh*t out of us, promised us upside and given nothing but down side. Promised not to do placings then did the opposite, complains about how poorly the market reacts to him but it’s 100% his fault and it’s his responsibility.

Also, most of the Uk investors sit quietly so it’s incredibly rude to tar us with the same brush as the bad mouthed traders that make bully like remarks.

This share should be valued far higher and has huge potential but the man killing sentiment is Art no one else, if he wants to see change then he should sort this company out. It’s all very well acquiring assets but means nothing if it returns no value and looses investors money.

Like I said, all eyes on him later.

All I can say this evenings presentation better be pretty Damn special. When caw caw said arts love of placings and dilution was paramount, should have paid closer attention.

It’s interesting this news has come out before the presentation and wonder if it’s to flush out the impatient. Either way He sure seems to be trying his best to push away anyone who believed in him to the point that even if this will end good to you even want to be part of it when your treated so poorly as an investor. Missed a lot of good opportunities being loyal here, so far it’s not been worth it.

Decided to sell everything if he can’t be straight with us later.

Lolcopter shouston!

Think we will be looking at 1bn+ barrels p at 50-60% recoverable if it’s light crude. Will see, if so, that’s mega mega.

Proper reservoir!

This is an interesting article on the power river basin.

https://jpt.spe.org/it-may-be-boom-time-oil-rich-powder-river-basin

He’s right, big difference between reserves and resource, oip.

We will know more about how much will be reserves soon enough though! And then we really will be smiling I’m sure.

We need to drill.

Sorry to pipe up TH1 but when I’ve been harping on about “asset value” and asking peoples thoughts on price only one or two can actually fathom or do it. Of course it’s not easy, but you can get a general idea.

It’s interesting when you try to be conservative you still get rather large figures.. very large…

Many people appear to see the disconnect between mcap and true value but the bear trap around the ankle is low production v debt & the risk of defaulting on borrowing, think that small risk is being exploited currently and far overshadowing and underestimating Arts ability.

Btw My buyout figure is closer to £8, however at 17p it’s possible someone would offer around £2.. but pretty sure Art would not except such a price. He knows the value and opportunity here more than anyone.

The asset value topic is hardly discussed here.. wonder why..

Well i for one am very much looking forward to hearing what Art has to say about this and his plans now moving forward and increasing our value finally now most things except RBL in place!

Completely on the same page with you panamabob, things just don’t add up here. The only thing that seems to make sense is this:

We have multiple assets, staff, costs, considerable bad debts, need for funds to extract and produce, rigs to pay for, infrastructure to pay for, sadly even with circa 2000bopd ( which let’s be honest, for the amount of reserves we have is absolutely pitiful ) is barely enough even at high oil prices, so what happens if oil price falls.. we get more into trouble.

We should be able to increase production rapidly however, and easily target 4000-15000bopd say. Which changes the game and finally in a position to do so.

Personally it seems traders are crawling all over this. This whole waiting on RS report like it’s some kind of payday etc was months of noise for nothing. Just a quick trade.

It’s ALL about production.

Value in the ground = 0/10
Value out of the ground = 10/10

Value in the ground = solving debt issues.
Solving debt issues = field expansions
Field expansion = greater production
Greater production = capital growth
Which then = better mcap.
And finally, a better share price. We hope.
No. More. Dilution.
Must. Prove. Value. Creation.

( Atomic + Cuda )

Panamabob by buying distressed assets Atomic + Copl we have become a major larger consolidated distressed company…

Who would have dreamt finding such an amount of oil would reduce the share price. It costs us nothing, we just got it extra, for free!!!! On top of our current assets.

So you have to ask the question.. WTF is going on behind the scenes.

It’s not traders.

Oiler calculate the value of the assets… what value do you get? Look forward to response.

Shouston, indeed! Also believe both A + B will happen pretty quickly.

A discovery of this magnitude on top of what we have. And we are flat/red.

This isn’t just traders selling… it’s really not.

But this does mean, finally, we have cuda and our RS report. Yay… it’s been so worth the wait…

Which brings us to the next carrots..

Waiting for
A) increased production and further drilling
B) Better Financing in place / Reserve based lending

Of course Oil in place is not yet, reserves.. so… let’s see how he plays this next.

Still hoping for a much better mcap EOY though.

It’s quite incredible how art can grow a company but decrease it value more so.

As much as I believe in the long game I really wish I didn’t invest in this sometimes. You know it’s *****d when you get mind blowing news like this and we end up red.

An incredible discovery all the same.

Another brick in the wall.

Is anyone actually surprised… I’m certainly not.

Which is shame because copl is predictable,

As I keep saying production is key. We need those production figures up as amp Arr and now you got this let’s get that RBL sorted.

Forward selling placing/warrants again is no fun.

DJH to be fair its the one game on my phone and save it for airports and broken elevators.

Kids all playing minedaft and call of the cods

Sorry before I sip the sweet nectar pon the garden of dreams did Art not already say. "the numbers are big, they have a big number too" or something along those lines.. sooooooo if the numbers are BIG and some dedicated ppl saying the report is bad... but..... the numbers reported are already confirmed & told publicaly to be big... but your saying its bad... well if an RNS comes in saying they are lying then ok and we go from there, but if your just saying stuff because telly tubbies is over then just p*ss off will you.