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Member Info for crudehope

Send a private message to crudehope

Member Since: Sun, 28th Aug 2011

Number of Share Chat Posts (all time): 7,866
Number of Share Chat Posts (last 30 days): 100

Last Posted: Tue 14:26

Post Distribution over the last 30 days

Tue 14:26

The North East well - "the mother of all wells"!

Some good questions this afternoon at the fireside chat.
Fri 15:48

Oh, before I get assassinated by SDX Secret Agents - yes I am aware they can 'plug & play' in 30 produce revenue! Sure beats our P&G!
Fri 15:44

Thanks for posting Ducati.....have only just started viewing but it struck me that the SDX wells are only little pot burners with 1-2 Bcf, according to their CEO. Our TE5-6/7 Horst field is calculated to have 14 wells producing a total of 40 Bcf each. Just goes to show the sheer scale of what we potentially have in East Morocco....anyway, back to Mr Welch.

Cheers, Crude
Fri 14:20

Lucky, so is my external hard!
Fri 14:06

Lol........steady on APPI, you'll have the whole board behaving like Cadburys Smash Robots!
Thu 13:21

Soundingoff, good post. I was just thinking about posting something along the same lines re comparisons to on-shore East Morocco. I think you have admirably demonstrated that the 'apples to apples' comparison is more akin to 'apples to oranges'...............
Thu 08:16

Well as old FDR once said in one of his fireside chats...."we have nothing to fear but fear itself"

Thu 07:29

Are these 'fireside chats' inspired by Franklin D Roosevelt - maybe he has a 'New Deal' planned for us!

11 Oct '17

There seems little logic in adding any further small acquisitions, so any addition would have to be big enough to fit our Moroccan portfolio - unless of course, James doesn't intend selling the whole Company? Perhaps to sell East Morocco & retain Sidi with any new acquisitions? He could then repatriate the profits with a reverse share buyback scheme whereby punters, for instance, could sell 20% of their stock back to the Company at a highly inflated price, to reflect what they would get back in cash from any sale. It is a scheme I have discussed over the last couple of years & one which James spent some time explaining to me......whether it still holds water remains to be seen......

10 Oct '17

Midus, even in the link I provided it did not state shares in issue or proven reserves - so it is difficult to clearly assess.
Mancave, agreed. the deal doesn't have to include contingent payments or even payments in shares.....or at least I hope so. If the Chinese were to buy it there wouldn't be either I would guess.
Moncheese, a complete break is what I would prefer. However, with more Moroccan assets possibly being added to the itinerary an East Moroccan asset sale (a Sound entity retaining the remainder of the portfolio) seems an intriguing prospect. But the tax situation probably precludes this from happening; a company sale being the prefered option.
Bill, nice the reference to York Hall. I am a boxing enthusiast & spent a year training with an ABA Coach. Hard work was only a fantasy but it did get me into shape. Could do with getting back to some boxing training!


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