Member Info for 88v8

Time to vote in the AGM.

We should vote the whole board out.

What a shower.

Hard to believe this used to be at 30p and pay a good divi.

Oak Bloke... I admire his deep dives and his endless optimism, but I much preferred when he wrote things down... his bumbling videos, sheesh, I should live so long....

Settle? When will that be?

It seems to be a saga of debt and dilution.

I'm so far underwater I need a deep-sea diving suit.

A classic example of a business model that worked during zirp but no longer does.

I put £10k into this hole, back in the long ago, now it's become £100 (one hundred). Could have done something useful or enjoyable with that money. Oh well.

If $16 is provisional and to be retroactively determined, presumably it might increase, or reduce.

And no comment about back payments.

Promising, but not out of the woods yet.

I've held CLIG for ten years, they have been a good payer. I had contemplated selling them in view of the fall in SP, but your write-up has encouraged me to hang on, thankyou.

The business model worked in times of lower interest rates, higher gas prices, and no ARO focus.

Now has all three of those as headwinds.

If gas comes up and rates continue to ease, the good(ish) times may return. I doubt that the AROs alone will be a killer.

I still have half my underwater holding, so fingers crossed.

Here https://theoakbloke.substack.com/p/is-vsl-a-wee-foxy-lass?r=2y9nn3&triedRedirect=true

He's upbeat, but at the current SP we may have to wait 4-5 years to be in the money.

Those who bought at a higher SP, well, can't win em all.

What you say about Dec not being in danger of administration may be true but it doesn't make for a great investment pitch.

Seems to be a case of hanging on and waiting for the gas price to ride to the rescue.

All this stuff about the hedges smoothing the path was fine while the gas price was rising, now it mainly locks in the lower prices so we can see what divis we're not going to get.

This morning I sold just under half my holding. Which was either half right or half wrong. Or half assed. Time will tell.

Grrr... that was about AROs. not the price....

Rrb... this was dissected by The Oak Bloke here https://substack.com/home/post/p-139129955.

Do you think he has an unrealistic take?

Is it the absence of a specific sinking fund that is the (optical) problem, or is there a real long-term problem?

If this board were not so taken up with childish name-calling that undermines the credibility of the posters, it would be quite useful.

I am five figures underwater on these... maybe time to call it a day.

I'll wait and see what Oak has to say about this.

Good times ahead, sometime... higher Henry, lower interest rates... question is whether DEC will be around to see them.

Through the lean years, can they pay the vig, repay or roll the debt and keep the ARO ball in the air.

The more I learn the more I wish I had never got in at £20+. It seemed a great idea at the time.

Oak Bloke?

Yes, a deep dive into the figures. He's still happy. Shame for us long-time holders that the market does not agree, or perhaps does not do the analysis.

Sold out today.

40% loss but heyho.

One can only wait for Godot so long.

Good luck.

We may not like what GG says, but he hasn't exactly been wrong, has he. Those of us who bought at more than twice the price with a much higher divi might wish we'd been less gung ho back then.

May as well hold on now, perhaps see my money back one day.

Mind you, with Labour's divi tax increase coming up, perhaps a move away from divis may not be an entirely bad thing.

Remarkable article... what a tangled web... really make one wonder why anyone would want to invest in this area.

But I did... {:

So at last the IOCs will be involved in a three-way meeting.

Is this because someone actually wants the show back on the road, or because the politicos want to blame the IOCs that it isn't.

The SP is dawdling... if it weren't for the buybacks, it would likely be on the slide.

Need a lot of patience here.

Surreyscot, I would rather take advice Broadford than you.

He brings a welcome balance and extent of knowledge that this board with its shorters obsession often lacks.

'we are handing over our product illegally under a non state approved contract and in the knowledge of where it is being sold !'

Yes, it does occur to one that Baghdad is allowing the IOC's rope with which to hang themselves.