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Member Info for Skooby

Member Since: Fri, 9th Jul 2010

Number of Share Chat Posts (all time): 2,532
Number of Share Chat Posts (last 30 days): 17

Last Posted: Thu 13:55

Post Distribution over the last 30 days

Thu 13:55

Hi conc_2

My understanding was that the details are still to be finalised but that it did indeed sound very positive. There was also talk of the moves afoot in the government to raise the cap on domestic prices to encourage capex there. They are currently paying significantly more to import LNG from abroad and it makes sense to encourage investment in cheaper domestic production.

If we do get mobilised by Essar to drill the first Lifabric test well in India it will be a great step forward IMO. Others will be looking on with interest and if we can demonstrate that our IP works just as well in India as it does in China it could be very positive for us in the future as things evolve.

I'm looking forward to the September update and added some yesterday with that in mind. ATB

Tue 23:36

I cant remember for sure now but i think sinopec was mentioned. My take on the agm is positive. We are going to achieve double 2014 revenue which is a decent step forward through difficult times. Gdg are definately going to keep using us as they want their wells drilled by us. Randeep mentioned that he was very proud as an engineer of the lifabric well that was rnsd a while back that has been performing so well and that he himself was involved in spudding it. There is definately a fair amount activity going on for gdg with a lot of the preparation work done with verticals already drilled ready for the completion work on the lifabrics. Not a disaster as the sp might lead one to believe and certainly at well below book value a good risk imo. We will see later in the year but I remain optimistic and have absolutely no truck with those that are throwing disparaging remarks about our ceo who I consider to be very competent.
25 Jul '15

Thank you.
25 Jul '15

I for one am susceptible to draughts! Is that the type of honesty you want?? I'd love to hear you discuss your field of expertise(if you have one) and then make the obvious comment that another field is not your field of expertise. Go figure and stop being so disingenuous.
25 Jul '15

Mikemike, I'm sorry but that is complete rubbish. Were you there? Is that what he said? No to both. Before you go passing judgement and giving disingenuous advice I suggest you get your facts straight. It's a poor reflection of character to be judging others on second hand information.

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