Member Info for adamrlowe

Is there a reasos why they did this now at 0.15 rather than when it was higher at 0.2 / 0.3?

Awesome thread(s) - thank you!!

If there were viable oil in those wells, how would it impact us do you think? Would it have an impact on a JV/buy out?

I'm definitely down (a fair chunk!) which ties me in. However, I would stick in anyway as I think the potential upside is there (and could be huge). Just a waiting game......although never fun to see the boards dripping in red.

When your company is an exploration company, the business model is all about developing, improving and then selling assets. Some work, some don't. Here's hoping we're on to a good one with Chudditch and we get some good news soon. Fingers crossed all.

Fair point! Sorry!

Sure - will do!

When I heard "there may be an element of internal funding for that exploration well" when discussing Dunrobin, what does that mean? I tried to listen out and take notes for that one!! It doesn't mean a placing, I hope!

I really appreciate that reply and the clarity- thank you. That definitely makes sense and much appreciated!

Perfect! Thank you.

Got ya - thank you!

Thank you.

I did listen (or I thought I did!) My comment isn't about the licence etc, it was more that if Sunrise got the go ahead before us, how do we benefit. Would TL not focus on Chudditch because Sunrise would be up and running (or does it makes Chudditch even more likely....and why). Sorry for being a moron on this!

Can someone help me on this. How does Sunrise getting approved and "in" with the Government help us? Wouldn't it mean it more likely that we get mothballed so the Gov don't have to invest any more of there money / Majors don't have to?

I'm hoping we get a green light as well, of course. Just hoping for a bit of clarity on the above!

Hahaha hahaha! That made me laugh! Yep - not a fan of the 0.16s at all. Early morning is a touch grim!

That would be amazing!

We all know that yes, money has been used, yes the SP has spiked and dropped, yes the clock is ticking.
However, the big other side to that coin is that the company have done serious work on developing x2 huge assets. Investors haven't been this far down the road before and it is one bid away from being huge.
Yes, that can apply to a lot of companies, but the BoD have done all they can so far to make this an attractive purchase. The final (hardest part!) now comes and fingers crossed they can get it all over the line.
Now I'm always a glass half empty person so my questions are never to de-ramp but always to find out the "most realistic worst case scenario" to see if I can cope with it....and then make the decision.
I'm staying with this as the next 6 months are key. Everyone to their own opinions etc but why come on here and **** it off. Nobody wants that (nor it will be "10p tomorrow" rampers).
It's wait and see and a lot of good work has been done. Actual SP now matters very, very little. Most here are holding for the end result. We have no idea how that will go, but the day to day SP fluctuations matter not. It's the assets being sold.

All good! Just wanting to get comments / views from others. You can go a bit bananas when only hearing your own thoughts!

That's Chud not Dunrobin though, right?

Yes - but I was referring to our chances of selling it for decent wedge!

Talk of 78% effective windfall tax on Norrh Sea Oil. Surely that's a bit of a massive punch in the nuts for our chances on Dunrobin?

South..... a long way down over the next few weeks. However, all irrelevant now - we're waiting for news. An RNS / RNA would change everything!

0.16-0.18

I guess 0.10p is realistic sp the longer time drifts. IF the BOD manage to get a deal, that would be irrelevant though.
My concern is that time drifts and nothing happens with the Island or the deal (Is that what happened with put Peru assets?) and we end up with nothing.
I guess it's just a waiting game - my least favourite!