RE: Rugby term17 Apr 2019 14:26
I posted this on 12 December 2018 ;when DL was not such a reviled figure, it is my firm conviction that he is more sinned against than sinning, but only time will tell who is right, but all my DL shares are unsold, including Cadence [REM], he is an astute businessman with a proven track record having built up a shell of a company to a multimillion pound outfit when he sold.
"DOR is back from suspension with an sp of $aus .08 [from $Aus .67 when first placed in Australia].
DOR is a DL company.
Now David Lenigas is a marmite figure, largely because he built up hopes that took many months to come to fruition.
This left many with shares underwater, and some took losses.
But now we are days from Brockham Kimmeridge flow figures.
This is the time to form a producing company that will be competitive on the world stage.
This is speculation based on the best course of action. If it does not happen, in an ideal world it would..
Drills into HH and Holmwood will produce 100,000bopd while they process permissions.
It will take time, but delivery by rail is possible.
But look at the Europa[Holmwood] partners--
Europa interest 20% (operator)
Partners
UKOG 40%, Egdon 18.4%, Union Jack 7.5%, Angus 12.5%, Altwood 1.6%
Together with Horse Hill and Angus Brockham it forms a block some 10km square.
If and it is a big if, DL has fashioned a new company it will be a major player.
We can only wait and see, but the Kimmeridge is shown to flow as has the Portland levels, and if Brockham does not perform well, they can always re-drill.
Why am I speculating DL will announce he has formed a new company in the next few weeks, It involves a family member who is in oil and dismisses Weald prospects, and because its fun.
DOR
RE: anybody left who believes DL?
11 Dec '18
DOR is back with an sp of $aus .08.
Perhaps I am reading too much into the hiatus since 28th November.
But look at the Europa partners--
Europa interest 20% (operator)
Partners
UKOG 40%, Egdon 18.4%, Union Jack 7.5%, Angus 12.5%, Altwood 1.6%
Together with Horse Hill and Angus Brockham it forms a block some 10km square.
Union Jack UJO is planning drills in 2019.
If and it is a big if, DL has fashioned a new company it will be a major player.
We can only wait and see, but the Kimmeridge is shown to flow as has the Portland levels, and if Brockham does not perform well, they can always re-drill."
It will NOT be a merger, in my opinion it will follow Holmwood and HHDL in selliing/share swop Angus so Ukog will hold a majority interest, it is a PLC, so armed with production licenses [Angus], regular income [200 and rising tanker deliveries, and the vast space of Holmwood outside the nature reserves, we should get admission to Footsie.
Then it will be very attractive as an investment, and all holders of the above will profit and hold on to that increased SP, traders, shorters and Trolls be damned ! ! !