I can understand where you are coming from Linksdean, it must be very worrying having all your eggs in one basket, especially after (metaphorically) tripping over and breaking 40% of them since last week, nail biting stuff, especially when you must have amassed so many to get that fantastic average of 2p . Well done on that averaging down, you have nerves of steel. My sympathies are with you and I can fully understand how and why you react to people who do not agree with your opinion, we all cope and react to life's trials and tribulations in different ways.
Personally I follow the advice of the professionals that have tough me, they say it's always best to spread your portfolio out and set stop losses on each and every investment. Stop losses have limited my loss to about 18% on SLE over the years, with a bit of averaging down and trading, but never shorting, and I can offset that against capital gains.
You may also be able to offset your loss against capital gains elsewhere if the rest of your portfolio has been as successful as mine. I hope you can, it is very comforting to know the tax man will be giving me back all that lovely cash, certainly contributes to a good nights sleep, as I am sure you are aware!
I am in London for the Jazz festival, before flying to New York for a couple of weeks to do my Christmas shopping, so will be able to attend the meeting in Clerkenwell. As you intimate that you will also be there it would be lovely to meet you and see if you express your opinion in such a robust way as you do on the various bulletin boards. How may I recognise you? I seemed to have missed you at each and every meeting I have attended in the City with Mr. Fanning, and I have been to every one since 2010 so I am looking forward to meeting you at Toms.
It's unlikely I will be posting anything from now until after the New Year as my Festive season starts with a trip to the USA and I will be having fun rather than getting involved in trivial pursuits here so It will be nice discussing our different opinions on SLE's performance thus far, over a pint and a pizza.
Do let me know how to spot you in the crowd, a carnation in the button hole is traditional, if I don't have time to check here for your reply, that's what I shall look out for, any colour will do.
Poland - New drills at Rawicz field development (start Q4 2014) - Well activity on Siekierki (including existing wells), start Q4 2014 - 3 new-drill wells in Karpaty area / Permian Basin (spudding today) - Proposed new oil well in Torzym, frac existing Sosna-1, Q2 2015 - Horizontal in Braniewo (tight sandstone, oil), Q2 2015 - Farm in transaction cash & appraisal at Lewino Ireland - Sale of Barryroe NPI (Operator expects near-term development deal closing)
think your star was shown who the stupidd boy was those with him too...weird dd and chums/ chumps has never confronted OF at a presentation or an agm...theres been around 4 or more in that time and not one of the babies turned up.....if they lost that much money between them you would have though one of them would have...but not 1...what does that tell you!...unless you were with the number..
with $100mill at their disposal+ they wont mess about..pnr backers will see to that..siekierki/rawicz are the anchors for pnr/sle(early production)...scincy and Permian oil are the riskier more rewarding parts of the deal...these will be played out..next year and with pos results into the future...Permian 20mmboe per sq mile and scincy carboniferous upto 450bcf per sq mile....there are around or just over 3000sq miles...if its a hit the 35% sle have....its mega..links
JB knows Sierkierki very well. It was probably that field alone that warranted them paying the $20m farm in. If only Aul had opted to put the pipe line and production plant in place those wells would have clocked up 2 years of production by now. They could have added more wells with more successful fracs and before you know it you've got the beginnings of a pathway to full production. They had the cash to start it off too. . Well let's hope Pnr take up where Aul left off.
Mall...your right it would be a massive field will huge upside as only one side of the concession has been targeted by aul......the 3mmcfd...if they cant get anymore than that would be commercial...there is further upside in the conventional pods higher in the formation which imo will be targeted as well...on just the 3 wells there is $345m nav.......about time we had someone who wants to talk about the assets instead of witch hunting and complainin about the past!!..cheers mall..links
So if Pnr can get Tzrek 2 and 3 up to over 6 which was Aurelians flow target, we could be looking at a major gas field development. Would have been nice if we could have done that ourselves but 35% could give us a major boost and a substantially increasing income of the forthcoming years. Here's hoping.
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