The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
“Meanwhile, Rystad forecasts that front-month Brent futures prices will average $86 per barrel this year, showing a recovery from $81 per barrel in the first quarter of 2024 to $86 per barrel in the second quarter, bolstered by the extension of the Opec+ group’s voluntary production cuts.
Oil prices are forecast to climb further to $88 per barrel in the third quarter of 2024 and eventually reach $90 per barrel in the fourth quarter, Rystad said.”
https://www.upstreamonline.com/exploration/deep-drive-39-more-deepwater-wells-forecast-in-2024-drilling-surge/2-1-1618489
“Meanwhile, Rystad forecasts that front-month Brent futures prices will average $86 per barrel this year, showing a recovery from $81 per barrel in the first quarter of 2024 to $86 per barrel in the second quarter, bolstered by the extension of the Opec+ group’s voluntary production cuts.
Oil prices are forecast to climb further to $88 per barrel in the third quarter of 2024 and eventually reach $90 per barrel in the fourth quarter, Rystad said.”
https://www.upstreamonline.com/exploration/deep-drive-39-more-deepwater-wells-forecast-in-2024-drilling-surge/2-1-1618489
Yes agree. Not sure if they can at the moment though ? I dont know about closed trading periods etc etc for Directors I am sure someone on here will know better than me ! 👍
Luke.
I saw that on Telegram. But my understanding is that someone has. Perhaps the directors should put their money where their mouth is on that video we watched about the mythical "unicorn" and buy some shares to show confidence in the company now that the results arw out so they have no excuse for not buying. They get paid enough thats for sure!!!
Hi Dan, Richard has today confirmed that he hasn't sold . Cheers all genuine holders for a better April ! 👍
Should have held the news till today :)
That should say "to free carry".
A very good post and you're thinking what a few of us are, they are testing from the lower sections first. It maybe they that they go for the top 8mtrs and look at ways to influence the lower sections at a later date, I think Ed suggested sidetrack. The market has assumed a duster when TO-13 hasn't yet been touched. There is some opinion that Align have sold the rest of their shares and free carry on the warrants. This would make sense as 35m (in round trades) was dropped on the market yesterday and they have 37m.
Thx bank Holiday
In the past they were producing from only the top 8m. Perhaps they already knew then that the deeper areas were too difficult to flow.
We already know it is a productive reservoir that appears to be recharged with a possible increase in reserves. If Sonangol can get the engineering right to produce from deeper down, then there would be upside both here and in other similar areas on our blocks wouldn't there?
If they can't do it then what has changed anyway? Nothing so far to say that the EPS can't go ahead is there?
I think the share has been way over sold yesterday ....hopefully we will see a rise back into the 50s next week ...GLA
Read AK's statement, there's nothing untoward in there. Sonagol the operator has expressed the delays and the oil is present as has already been proven. Most people that have suddenly turned up here are just trying to spread fear. BTW, I topped up heavily this morning and wouldn't be surprised to see Sonagol overcome the weather and other problems to supply us with decent flow rates soon.
Sometimes one is an indicator of a company insider. They will need money after others have pulled out
When the multi ID's rock up it's usually a buy signal. Shonny, with his 1 post.
You can only hope they are getting all there bad news out there at one go but are still serious about the rest of the Angolian side of things.
Seems like a rush to get news out - it also seems like a rush to get out on news.
My spread figure was from the information on here - Spread: 0.10 (28.571%)
Yes all bad news ...and the MMs are having their say .... what's next??
That's 18%
Ridiculous 28.5% spread luring punters in at 0.44p/0.45p or more when the sell price is 0.365p.
Now I'm just waiting for the Happy Easter rns
I've forwarded your concerns onto the company and Nomad ART.
And all bad news at that!! Hopefully positive news flow in the new quarter.
The production target on the presentation is 17500bopd, so that fits in with what was reported ?
Maybe the correct figure was 2,580bopd - and not 12,580bopd. Maybe it was a printing error. Maybe it was deliberate. 2,580 is sort of around the 'several thousand barrels a day' though maybe a bit low though 12,580 is wildly more than 'several thousand'.
The whole rise from 0.65p, where the share price was on the date of the TO-14 drill results, up to 1.35p looked to be totally ungrounded and false and now I can see the reason why the share price spiked as it did: false information