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Yeah I agree with some of the frustration here.
I remember a few years back at 4p (my average was higher then) I was sitting by a pool in France sipping wine in the sun. Now, I don't like sitting by the pool in the sun, but seeing this price climb to 4p was amazing and it made the moment.
Now roll on and indeed my average is now half the price thanks to all the times we have dropped to 1p and below. I sit and hope that some actual substantial positive news comes and it re-rates but now i don't have that excitement any more over this share. Just want to get out at close to b/e, and if the FO suddenly collapses then I think I would just eat my losses, learn (a very long) lesson and walk away.
Yes, dogg. I know all about contracts and the costs of drilling. I've written a few contracts for some blue chip company capex projects myself and it does take a lot of haggling and crossing and dotting.
Its not the last few months, it's the last few years that are very frustrating, so just having a vent :-). Its always frustrating to get in early and then discover you could have just waited & come in now (5 years later) at under half the price and used the rest for a new car !! They should be killing each other to Farm In if we indeed have 4 billion bbls ++ , yet here we sit like trying to sell a turd !! . We'll be dwindling back into the .8/ .9 p range soon enough, i reckon, awaiting the reticent signatures.
It is like one of those very long and drawn out jokes, but if/when we get to the simple punchline, we'll all either be laughing our socks off at the best joke we've ever listened to, or crying that we wasted so much time, (and paid for the privelege), (those LTHers like me anyway.)
Tum te tum te tum. Wake me up when it gets to 10p (unless I've passed on by then or cars are running on solar wind or orgone energy or are banned altogether.)
Vent over. Been in since before IW, will hang tough and laugh or cry with the other LTHers.......... Zzzzzzzzzzzzzz
Neverlearn
This is the work you have to do to get a farm out. Costs millions to stick a pipe in the ground. We've pulled all the data we can from the work we have done. Helpfully someone now thinks it is worthwhile to invest significant sums into the acreages.
But yeh, understand that this is a real ball ache for LTH. I've been in an out, haven't managed to make much money in that time, still a bit twichy with recent delays. Hopefully this gets a good boost and you can get out soon, nice and happy. I think I will be in here a bit longer to see through HRZ farm out and Yukon.
That's all we seem to do.... Assess and marvel at our great porosity, confirm this geology, analyze that core sample or seismic, investigate this, open data rooms. Oh, and delay everything time and time again.....of course...
5 years and we're still looking at the wonderful sand and rocks !!! If the damn soil is so impressive, shove a pipe in it and see if anything comes out... I am getting tired, like IslandGirl, of this constant stringing along. its almost like we're too sh** scared to actually have a go at drilling ........... geeeeeee zuzzzzz, get a fracking move on before oil gets banned !!!
Last year the Q2 Report was by end of this week.
We have 4 projects.
So lets hope for comprehensive BoD feedback.
Which includes Conventional FO contract completed.
Today is 20 days with no progress info.
Phrontist
We are in H2 now , did they tell us the data room was open last time , before or after a few mouth it had opened ?
So that would be more like November / December?
Cant wait to get out of this dog
last statement
"The forward program consists of accessing material from regional wells in order to conduct additional FIB-SEM analysis to confirm improved effective porosity and connectivity. Consequently, the formal farm-out process will be deferred until 2H 2019 to allow for this work to be completed. The Joint Venture continues to field unsolicited third party interest in the HRZ shale play and an informal farm-out process is underway."
Soft or informal?
23/05/2019
Expecting validation of IW fairway revision which should move the HRZ Fo materially forward. May even be someone waiting in the wings for this information..
in the next two weeks we should at least get a Quarterly and some lease news, but guess that is less than most are hoping for.
Stay patient, stay appy not much else we can do. :-)
Yea, the volume in ASX has for past few days been less than my modest holdings!
We're all frustrated, good job DW isn't a Kiwi !
Hotcopper Mon 15 July: Not a single post
No share movement from 1.8c on ASX
LSE - no posts on 15th July
Seems like a Bank Holiday.....
Of course no RNS either....
Phrontist