Member Info for 01012

Yes, intrinsic value is way above this low 2p range nonsense for both where we are now and what is coming - as GL said, we do not need the sidetrack and second compressor to deliver this gas to market it just speeds it up, but even at these healthy flow rates and price per therm, we should be north from here...

Human psychology is bizarre - had gas made the headlines this week and prices rose from the previous low level prior Putins special mission to where they are today, the SP here would be way higher - but society gets accustomed to prices and it becomes the 'norm' - its wild that at the price for gas we are 2p.

Patient and awaiting the true value to be reflected in SP.

"Side track funded but if it runs on for an extra 10-days (he) couldn't say that from certain."

We have gone from gas to the grid and a second compressor, to now second compressor 'due' to arrive 1st Dec and risk around side track funding.

Have I understood that right? Thks.

I wouldn’t want to be out over the next 4-months.

Europe regulators are saying that their needs to be savings of 20% of their gas reserves over winter for there to be enough gas supply without shortages.

"and thereafter the Company expects to report production figures quarterly".

Thank you for the information.

Where was it stated that they would updated quarterly? It would be great if at the end of each month we understood how much they have invoiced / or someone with more technical knowledge than me could post the flow data (if accurate source avail.) and translate the readings...

Many thanks.

Just Googled it: Oh look, the Russians are playing it off is if someone has done this to them:
https://www.reuters.com/business/energy/kremlin-sabotage-cannot-be-ruled-out-reason-nord-stream-damage-2022-09-27/

Calling that as BS.

Ocelot: So sounds like intended damage by the Russians to me...

Geothermal is the next big investment.

In the half-year it is stated that: "A further six wells are expected to be drilled and two of these completed by year-end."

Are the two by year end, the x2 wells that just returned too much water and are to be capped? and therefore that is the two they planned for the remainder of the year?

Discolsure: I just started studying/researching the company and trying to familiarise myself with Tullow. Thank you.

It's great when you filter out de-rampers and those here only to cause mischief, I can't see the first post @DRB - I highly recommend the filter function rather than feeding their characters on a page.

End of the month, the action should be next week - a couple of catalysts we should receive updates on.

Thanks for the heads-up / post @tomhuk

Milestones / headlines I am looking for:
- 2nd compressor on-line
- stabilized flow from both / stabilized increased flow from both
- RNS / reported sales month-on-month

Once we a stablized with healthy flow and showing all and sundry the cash that's flowing into the company, then we are off to the races.

Everything else beyond is Brucey bonus.

“There’s no bailout coming — not on the oil side, not on the gas side."

- The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter amid fears that a plunge in Russian exports will send crude prices soaring back above $100 a barrel.

Yes, way over 2p.

"Record exports of U.S. natural gas, the electricity demand associated with some of the hottest and driest weather on record and sluggish production growth have kept U.S. natural-gas supplies lower than usual" [WSJ] - meaning they may likely need to keep more of the own at home, reducing supply to the UK/EU.

A lot of 'investors' have got/will get nervous as the SP lowers and closes in on wiping out profit - need to remember why we are here - right product, right time, Putins war, winter approaching, UK needs all the gas it can get its hand's on and more, fracking wont solve this winters problems yadada - we haven't even heard about the 2nd tap and the stabilisation of flow given this is flowing like a monster right now... 1p would be madness and the truck, trailer, boat would all be backed up for loading.

Hold/Buy - Ignoring this pullback in SP/selling - on a macro picture this is the sector to be in [energy], and the place to be [gas], am on the side of 'they will kick themselves for missing out' but I could be flat wrong in that. Just nothing more I would rather own today whist inflation is high and we approach winter.

Is the gas storage facility planned to be delivered before or after the sidetrack?

How are the timings laid out presently for those two..?

Thks.

"I am gobsmacked by this share price, after such an incredibly RNS."

What is today's share volumes like? I feel like its not a normal day.

Well done @ocelot - a great post, not enough conversation or sentiment here imo that underlines how critical the situation is currently for the UK / Europe. Imagine being Germany.

A lot of mirco talk without many understanding or describing the macro picture. Sadly, this winter is going to be brutal for many thousands across Europe - without action, worse. Whilst we may be capitalists here, there is no pleasure in that.

Keep us posted with your research and news. Cheers.

"Looks like the steady flow rates are taking longer than expected..."

I think there s more going on than that. Either a big whale wants out asset (or company??), or GL in touch with Maddy Mcternan and the 'Energy Supply Taskforce' (or vice versa) who need to identify every avail source of UK gas - the government are needing to move at wharp speed [yes even for governments] and Liz ain't messing around with getting enough supply sorted.

Resort to Munger 'sit on your ass' investing - we will find out what is happening in the weeks to month ahead, and I would rather take the 'risk' of being in and holding, that outside and have sold.

Sentiment is Hold or even Buy at these prices if you have dry powder.

GLTAH!