2009 or 2015, a basher Is still a basher and their tactics and motives are still the same...
"Once you get into direct conversation with a basher, you give the basher credibility. Answer the question if you need to, but do it indirectly. Never use the basher’s name. Never get into a personality contest with a basher.
Always report the basher to the board or forum eventually they will have to take action. Collective reporting on a daily basis will ensure the bashers’ demise."
If u look at the interim accounts u will see that in the first six months of 2014 the company spent 6.278 mill euros on admin and a further 8 million euros on exploratation and evaluation of assets. So if u take the figure of 14 million and double it I guess u will not be far away for the for the figure of cash spent for the whole of the year, so 28 million euros. I would guess it may be a bit more than that figure also there is going to be a huge writedown of asset values.
There are people out there, that are not very smart, in investing or trading,
Kwidzyn Posts: 73 Off Topic
Opinion: No Opinion Price: 1.33 RE: no your moneyToday 02:01Yep, skint. Its called SLE. Its unfortunate, but you seem to revel in the glory that some twat like me has lost money in going from about 40p to 1p - not the noblest form to ramp a share is it? Thank fek I didn't pay attention to your bulloks at 40p, nor 20p, nor 10p, nor 5p, nor 3p. I just decided that time to exit was appropriate on my own counsel. Now you have to re-assure the common mug on here that you are going to be equally convinced taking it down from 2p, to 1p to 0.5p, to 0.25p, to 0.01p. Coz its going to happen, and i am going to pkay a very influential role in that!..........
CAVEAT: Research Global Calumny Funds. There are people out there, that are not very smart, in investing or trading, the differential in smartness covers the spectrum between profit and loss, but sometimes luck often obscures that spectrum.
Hopefully I am not the only one, but using the sentiments and angles of posters on a bulletin board is perhaps not the best way to form an opinion on whether to support or refrain on an investment decision. Lets take a look at other possible signals that may be more constructive in forming an opinion.. 1. Business Viability. 2. Charts 3. Confidence and Past Record of Management 4. Profit and Loss Accounts. 5. Macroeconomic Guidance - commodity/currency/interest rate effects 6. Demand and Supply 7. Income and Dividends 8. Risk and Rewards 9. Asset values 10. News and Topical Articles
Perhaps its just me, and maybe I am bit strange that way, that these may be better pointers to guide you to a more successful investment career.
Always in the end, it must be your choice, good luck with your decision however you opt to take it.
as original disappeared under pile of bla bla bla...very good point FQ
"I've FQ320MR Posts: 2,248 Observation
Opinion: No Opinion Price: 1.18
I've Got a feeling the reverse is now happening to what a few want - many are wondering why so many are working this board and have come to the conclusion there must be value here or why would they bother..
Usually they back off around now as their cover has been blown - drop back into the shadows as they are adding to the interest - speculation, that something big is happening
DEFINITION of 'PV10' Present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual discount rate of 10%. This nomenclature is most commonly used in the energy industry, and is used to estimate the present value of a company's proved oil and gas reserves.
INVESTOPEDIA EXPLAINS 'PV10' In order to calculate PV10, an energy company's reservoir engineers develop a reserve report for every existing well and proved undeveloped well location. The reserve report takes into account each well's current production rate and forecast decline rate, and also its unique production costs and expenses to develop reserves. Future gross revenues are estimated by either using prevailing energy prices or applying an appropriate escalation rate. Non-property related and indirect expenses such as general and administrative overhead, debt service, and depletion and amortization are not considered in the computation of PV10.
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