We will need expertise to do the drilling , possibly from our inhouse drilling expert KF and his Company CHL, but dont forget that VOG bought the drilling equipment from the previous contractors for $1 million when we bought out their share of the royalties for a further $5 million. This time CHL, or whoever, should be paid for the drilling and not get royalties at all. In my opinion. Anyway that will not be until next year this time when VOG have loads of cash in the bank.
Thoughts of the Loggybog, can't think anything on BB like this have any effect on the COM/SP at all, Also the consol do's not alter the basic running/state of the COM only makes the SP more atractive to larger SH/FUNDS ect. Also some comy's with lots of small SH like people on this BB?, have been known to get rid of them by making a base share holding effective after consol, not saying VOG will do this, just another thought anyway DYOR ect.
I think some guys are way over optimistic about an Rsm payment. He paid $4m as per the Arbitration, then paid an agreed $16m out of the $26m requested, then Rsm & Vog when for an audit. Vog did say they ''might ''have to pay Rsm back if that is what the findings declare. So the disputed extra $10m can not be taken for granted by any means!!
So that leaves us with Rsms 40% share of costs for this year, if Vog have spent $20m, then Rsm will, if they have not paid anything so far, pay $8m. If they have been paying cash calls, then we are down to what the audit says & that is at the very most $10m!!
Before Grimms interim payment Vogs bill for his share of operational costs was $24,044,870 plus $1,997,600 Jan 2014 advance. I wonder how much VOG think he owes us by now?. Hard to make a guess in any degree of accuracy how much we will receive extra after the initial interim payment or indeed if we will have to pay any monies back. But for definite he will have to hand a lot of Wonga over at sometime for his agreed % of operational costs due. With the MCap currently only languishing around the £60M mark surely a decent pay out from Grimm along with the expectation of considerably more in due course will help greatly toward having a positive effect on the SP. With extra income from all of the next batch of thermal customers along with the dosh which will be generated from the power stations and also the reduction in operational costs once the gas processing plant has been purchased there should be enough reason for a decent hike in the SP . Some of the figures we cant work out due to lack of realistic variables such as how much income for gas to power stations, but there are some that we can as an example the revenue from the condensate. . Re the MCap , imo double bubble in a relatively short time is a distinct possibility.
'do you know what hydraulics do?' Some one stated earlier. It's much safer than pneumatic. If there's a catastrophic failure, there will be a shower of water as the energy dissipates almost immediately. With pneumatics you get an explosive release that will throw debris for quite some distance with quite a force.
Seems to me like big Girls/ Boys are waiting for Big Power after all. This sp should have budged up tp 1.80 + by now with pipeline /hook up news and profits rolling in. Lol at least with any consol' we won't be a penny share anymore. But 2p by Christmas ? Not much to ask is it ? Not holding my breath lolol. Time for a Waggon wheel and a homemade shandy bass at the Parsonage.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.