RE:RE:RE:RE:RE:Webinar I guess they're in a tough spot. People were advertizing 1.9 billion bbls on the UK board as
recoverable reserves. Even Aucontraire on this board used $5 per bbl. That nonsense should be
corrected as everyone should agree.
In any case, Oil in Place really has no current value... really no need to publish, however many struggling juniors do the same, most disclose the full report in my experience. Usually annual reporting.
The biggest problem with this is their current secured loan. Huge restrictions, including the hedged oil
requirement. Apparently they have 5 months to secure a reserves based loan before the
new bond holders can exercise their warrants at only 13.25 p
Looking for $50m to $60m... is that really attainable, is it enough ?
Troubles with 2022 sales, declining since January. Exploration wells now in late 2022/23.
Troubles with securing pipe. Obviously no one can make accurate share price predictions over
the short term, but sometimes it appears they're months away from anything significant enough to
move north. Those that have shares to sell will obviously disagree. Those that can't offer reasons, resort to childish gibberish... have seen it thousands of times over 20 years.