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I wont say more. We just managed to lose another 25% of the market value this morning.
Flog it?
With his scattered reputation, the lack of markets confidence in DOR, mixed with the destroying decision to park it on ASX, he will more likely have to hand it over together with a brown envelope.
I wonder if dl will flog Dors stake to ukog and concentrate on the aussy gas ?
Wow ......
According to the Australian Petroleum Statistics issued by the Department of the Environment and Energy, there were 98MMbbl of crude oil and condensate produced in 2017-2018. The figure is made up of 8,145ML of Crude Oil and 7,512ML of Condensate. In comparison, Doreimus is claiming at P50 that there will be 707MMbbl of condensate from EP487. If that were to be true, I would say we are dealing with something worth taking some notice. Even if they were 10% correct, that would be 70 MMbbl which is almost equivalent to the total crude oil and condensate produced in 2017-2018 from Australia.
And .......
What is a bit on the unbelievable thought is the size of this field? The size of what Doriemus is talking about is BIG. I have worked in the mineral resource sector since 1992 and have never worked a day in the oil and gas industry. Taking that into consideration, I am just a bit perplexed with the numbers. Let’s take the scenario that those figures were correct and Doriemus and Rey Resources are happily producing those numbers, what kind of money are we talking about? What would their share prices be? Imagine if that just came from the Butler prospect and the Basin Centres Gas System within EP487.
707 MMbbl of condensate
28 TCF of recoverable gas.
Whatever the final figure is, what I can say is that the shareholders of all companies involved will be happy.
Good find dsfat
Life in the old dog yet ?
Well, at least we didn't drop 10% again like after the previous rise.
But then, there is still a next week to come and everything is possible.
Happy weekend everyone.
Looks promising for now ... tomorrow will tell or whenever we drop another 10% and start again ;op
Can we hold it until tomorrow and keep rising ..... time will tell
Taken from ASX
https://hotcopper.com.au/threads/is-dor-the-next-woodside-interesting-article.4620351/
Is DL involved in the Angus shake-up?
Answers on a postcard C/O the House of Lords.
Thank you for the link, still unclear as to the exact contents, however still much appreciated.
As for your error, I have many senior moments and they are extremely frequent. If you don't want to makes mistakes don't do anything, stay in bed and die. Or get up in joyous hope every day and make a fool of yourself. That's what I do and even I bought some DOR shares a few years back.
Good luck with your investments and keep us posted.
Thank you for highlighting DL's 2018 achievements, fortunately I'm only in DOR my little high risk investment and have little knowledge of his other companies.
With your excellent knowledge perhaps you could cast back over the last say 5 years, with these and his other companies. Welsh gold spring to mind, I and many others would I'm sure be interested in a concise resume'.
As you correctly say we can all have a bad year and can look forward to better this current year. I've been doing that for a very long time in DOR and so have many more.
Perhaps you can convert a sceptic into an optimist. Although with DL I believe I am well beyond redemption.
Whatever good luck with your investments now and in the future.
Jim10
Whoops, clanger time. How l posted wrong link like that who knows?
Yes it appears it was oil. Correct link will show.
https://twitter.com/WealdOilers
jim 10
The mystery of why DL shares are underperforming deserves closer reasoning-- in 2018 this happened:
DORiemus (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 68% in the last year.
AFRIag (according to Bloomberg, Lenigas is Chairman). Their sp on NEX has fallen 60% in the last year.
UKOG (according to Bloomberg, Lenigas is Consultant). Their sp on AIM has fallen 56% in the last year.
Clancy (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 50% in the last year.
Artemis (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 56% in the last year.
It my opinion that time will vindicate his decisionsand repair his reputation, but it does seem bleak as of now
Anybody know if it's full of oil or waste?
What I can tell you for certain DL is full of bull. Sorry, but we all knew that anyway.
All us longtimers please just keep smiling.
For the unaware, a tanker has been filmed leaving Brockham.
http://www.lse.co.uk/ShareChat.asp?ShareTicker=DOR&share=
AN RNS from a leading Weald coy UKOG at 1100 am today has transformed the prospects of this find,
DOR has 5% in Arreton on the Isle Of Wight, UKOG 95%.
Massive oil in place-due to be drilled 2020.
Plus Operating stakes in Angus Energy. DL has planned to be significant in this onshore field
I should also add that DOR has 10% in HHDL- the Gatwick gusher, where UKOG has 46.735% interest, which means that allowing HHDL has 65% of the site, if DOR sold it`s share to UKOG it would give them a majority holding.
Yes it is stagnant --yes it is not being trumpeted by a figure who normally is not shy about spreading good news.
Why is part of the frustrating mystery surrounding his shares, this is why I hope common sense prevails and true value comes through.
The only market DL still get some interest in any investment is Chibuto
great post Jim.
To be fair I was lucky - more through ignorance than anything else. I have learnt a lot in the last 4 years on how to examine companies and read between the lines on RNS.
I would't touch GGP with a barge pole now. And the fact leni is pumping it just puts another nail in his reputation coffin for me.
Although i have lost 90+% of my investment in DOR on paper and my gut instinct is that I will probably not recover it. i have to be thankful for the many lessons that I have learnt.
Capt. I to have been watching GGP with interest ,however would never invest as dear old DL has is pumping. I for one will never invest in anything he even mentions. Good to hear you made some good calls in the past on that one. IMO just be very careful now.
Pity our dear leader can't do more for us, other than draw the monthly.
Good luck to all long terms.
nobody's gone anywhere
see the derampers are still crowing?
ATB
GLA
escovido - lets be honest there is nothing any of us can do to help our cause.
Kimmeridge will either come in and we will hopefully regain our losses or it won't and I will certainly have lost it all. Once I take trading charges into account it probably wont be worth the time and effort.
Australia - i am not convinced - and unfortunately with lenis reputation it would seem like more jam tomorrow with smoke and mirrors.
People use this board to let off frustration and and some of us don't want other investors to fall foul of the leni scheme. I would like my money back but not at the expense of another sucker.
We have all seen the enthusiastic rampers on here over the years - and i mean years - they either change their tune or disappear. without us losers this board would have probably shut down long ago.
Well then, they're f**ed! New investors, however, appear to be doing rather well. One thing I can guarantee is that you sitting on here moaning at every bit of good news that it's 'only 300% to go' or whatever is not helping your cause.
are you of sound mind in thinking DL should lurk any further than a gutter filled with excrement? Have you no idea what he's done to this company and it's investors over the last few years?
So the startling results from the Kimmeridge HAS provoked a rush to the head/ dreams of glory in Vonks breast.
Explains why twitter site is stuck at 7 NOV.
DL tweets --remove Vonk.
Who is better Vonk or DL?
Vonk- steady as you go, no mergers, tanker deliveries at the max allowed., SP in 2020 £1-£2.
DL merger with Ukog and Europa, octopus drill of adjoining areas, 4k-6k bopd, delivery by rail in 2020, max tankers till tnen.
New gas and oil ventures embarked on , loans/placing holding shares at 40-50p for the next five years, but wonderful prospects sometime in the future.
This may be over-simplifying but I do wish DL would stop expanding and just establish an investor friendly program.
Donkey Lame?