An interesting week for sure. In order to push forward we really need DECC and RBL & FI/FO news. Question is will we get it before the years out ?. If not a T/O will do me before the years out. Or are we destined to be kept in the dark for the foreseeable ?
Not much bothered about the short term & would add on any dip. I only mentioned it to edhead to warn there is still some downside risk as well as a massive reward to play for.
The Statoil announcement this week is really interesting, we'll see how it plays out. I won't be comfortable about sp games while the Global overhang is still in place. I'm sure it deters ii activity & the pi's have been pawns in the hedge fund/spreadbetter games.
Real news could blow all that away in an instant, let's see what the next week brings.
Thanks for the advice but I think I will leave my shares where they are!
So if, as you claim "we may get hit hard on results" and the SP drops back to say £1.05 and I don't sell but in January it creeps back to were we are now what have I lost? (not worried about trading them by the way, I have a set exit price)
Nothing is watertight in aim oil nothing.I can see this being hit hard on results and no progress and before everyone has a go at me,that is not a reflection of whether this is a good or bad investment.It might just take more time than we thought.Xmas coming up very fast guys will need to take cash off the table maybe to either search for other short term winners or to pay bills.Its unlikely any deal making will be done in December that is for parties and back slapping and self congratulation.
Hiya, hope you're on the mend. The only problem if we see a delay in the timeline outlined at present is, as Joe Soap, warned the other day, a negative impact on the sp.
Comfortable to just remain sitting tight, would add if we see a dip. As for this week. we've seen it trading at both ends of it's current tight range, with the swing taking place in the one day on Thursday, rather than a 2 or 3 days that it would normally take.
Political bargaining, they want better terms from UK gov and they know we urgently need the tax revenues from more NS production, in a few months we will hear of some incentive/tax break to get it started.
There has been no change in the tax regime in that time as far as I am aware, the price of oil per barrel has not plummeted since then, costs of rigs and equipment have not gone up enough in 3 months surely for it to not be a "economically value proposition".
Could it be political? Waiting to see the outcome of the Scottish vote?
I really don't know, but with additional announcements about Enquest going ahead and Bressay shelving (which we found out was because of the data we sold) it has been a funny old week or so!
I'm not quite sure whether you are being positive or negative. I think very little has changed in a week. I did state publicly on the board two months ago that station were the acquirers as I knew that as fact but I also stated that they were not interested in xel. Again that is true but it's not a bad thing. The xel data is allowing Breslau to be remodelled going forward which could potentially make that field far more profitable than before. This is an excellent endorsement of xcites data and how they plan to develop the field. It is possible tht the second phase of xel could be tied into Bressay later but what xel have shown is that their field is extremely profitable in isolation.
Regardless of my " thoughts" on who the farm in partner is I am not sure there is anything to worry about. Xel do need cash as I expect they will have between 10m to 15m now and Coles back is up against the wall to accept what is apparently a very good deal and not the only one made in the past year. It is a case of now or never, as lead items now need to be ordered if they are to keep the schedule. It is likely in my opinion that we could have a 6 month slip in timescales but that is to be expected.
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