Member Info for wwal17

GGS might “be working” but what’s the reason for not injecting higher rates of gas as the plan was stated in previous RNS? On the face of it, we have been lied to in black and white so it needs explaining.

The 1000/1 consolidation actually makes sense now compared to 100/1 or dare I say 10/1. Greedy b*starts the lot of them.

A bit of light shed tomorrow via rns is my guess. God help them if I ever happen to meet them…then again, doubtful I will be frequenting Miami or Barbados anytime soon but you never know.

There was higher pressure before so why would the gas all of a sudden disappear into the reservoir?

Think we need some expert opinions rather than wild guesses. Silence from management is unforgivable and incompetent.

Black and White Nov 15th RNS

"Since the third quarter in 2023, COPL was able to use working capital to increase NGL injection at the BFSU at double the rate compared to recent periods. This miscible flooded field requires injection of NGLs to enhance oil production and field recovery factors as capital restraints in earlier periods restricted the rates of NGL injection. A technical review of the oil response to increase NGL injection will be monitored closely this quarter, and it will form the basis for future production guidance and 2024 plans."

Say something gents, I can see jail time for the lot of you.

Where’s the Arteta money Bill?

For the toffees amongst us!

Middle of October gas injection, 6 weeks to take effect so any normal company would share an update on what it’s doing now to accompany latest report. Not this one though, happy to sit in silence and watch SP fall, thanks directors, do you even care?

If we do go into administration, considering the assets, in particular the proved oil reserves (forget Cole creek and carbon capture for a minute), what is the likely figure that will be retrieved, do shareholders stand a chance of clawing any money back after SL, bondholders and owed money to directors?(spit)

Well hindsight’s a wonderful thing, we had all these incompetent clues over the last 24 months. May as we’ll stick to see how this plays out.

If anyone want to donate and leave a message https://www.justgiving.com/page/ryan-gaffney-1692272600856

Deffo some kind of nepotism, I remember ages ago doing some sleuthing, there was a Gafney at baker hughes, might be a relation, f knows.

Only gamblers and people in the know buying at these levels. I’ve gambled enough thanks.

He didn’t say “final”. He said “outstanding”, trouble is, depends how you interpret the language of lying toads.

"The negotiations regarding a possible joint venture announced by the Company in July 2023 are ongoing and the parties are working to agree all outstanding matters."

No way Tiburn will answer that, they won’t even share their average. Simple question Tiburn, are you still buying?

•JV on verge of signing

•New GGS funded and installed on budget

•Increased gas injection (proven to increase production)

•Directors taking shares instead of Salary

•Funded until end of Q1

•New CEO claims shareholder interests at heart of project.

All RNSd in black and white in words to that effect.

What did I miss?

How can a billion barrels of oil go under unless it was all a big fat lie? If that’s the case, see you in court Arthur, mark my words.

He has previous.

Hopefully we have some high net worth individuals invested here who have the clout to not let this lie. Communication has always been poor with this company but to state that we’re funded until end of q1 then say we’re about to default is negligence. Shareholder revolt anyone? Where’s Goozee to start?

Could they be loading up with a view to agreeing waver? Seems like the company is at loggerheads with SL, Bondholders and JVP, all jostling for bigger piece of the pie.

Throw us a crumb directors, your stewardship and communication is dire, bordering on criminal.

Sageman, nobody cares.

Last top up for me (said that a few times). Turkey or pot noodle for Christmas dinner.

I agree with your post but I am not a ramper, just stating the facts around the ggs and gas injection which started mid October and generally takes 6 weeks to take effect. It’s incorrect to surmise the ggs is not working, we simply don’t know yet, it’s likely we will know over the next 2 production reports.