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Eddie, I also support yours & LTs comments. As the face of NUOG Simon gets a lot of undue personal attacks (in particular on the Twitter). Having corresponded with Simon by email and phone I personally feel he works hard in his role of IR; I would encourage all LTHs to send an introductory email, it helps the company understand and address our concerns without the public venting of frustration.
Mainshare - yes IMO they are working on several projects concurrently, even the chairman’s statement refers to ‘current opportunities’. Bentley IMO is one of those opportunities given the relationship between the members in the consortium and the history with XEL. SBP - Perhaps that is why the chairman thought it important to state that “the commercial circumstances that surround the project provide further hurdles to competition” - this is in reference to the project they dedicated 4 paragraphs to in the chairman’s statement. Brazil is where I’m directing my research.
IMO the project referred to in the statement (wrt to the ‘redevelopment project of particular interest’) is not Bentley as ‘According to chief executive Paul Warwick, the company is choosing from “two-and-a-half” different options for the Bentley asset.’ ...unless MFDEVCO have proposed multiple options. IMO the offshore redevelopment project is linked to the recent Brazil and China company subsidiaries.
I approve of your honesty Khloe, please can you be more specific about when you’re going to sell? I’d like to time my top-up just right. News of PVF starting flow test could literally drop any day, I’d like to have a few more shares before then.
SBP, my take on the interview is that the delay in procuring the equipment has already occurred. This may be my optimism bias playing, but it sounded like Mick almost said they were ready to start testing (before he changed his wording).
SGD I think the maket has changed since the concept brokers report was published. The pozzolan demand was based on replacing the loss of PFA from the local coal power plant - I don’t think that has changed as (as far as I’m aware) it is still slated for decommission in 2019. For perlite I believe the original market was assumed to be for insulation. However there appears to be an increased demand for horticultural uses - which,if I remember correctly, PC referenced in one of the recent podcasts (...some high value crops out there) - I don’t think this was recognised as a market previously. In terms of quantities, although less perlite than pozzolan, I still have a estimate of up to 10mT perlite (between CS and New Pearl)
They can buy my shares at 3p...that would value the company ~£65m. Which IMO could be a fraction of the market value of the Perlite alone - good deal for everyone (my estimate for perlite between CS and the New Pearl site is up to 10 million T)
If it were up to me to organise the visit I would ensure it coincides with the commencement of flow testing.... I think the Manchester team may have jumped the gun when they announced Simons visit two weeks ago. IMO are going to see progress on this front.
IMO That is a very short term point of view SBP. If a MFDEVCO project improves the economics of a MF making it viable in periods when the poo is low, then then same arrangement delivers increased profitability when the poo increases. IMO The licence owners of the MF are not likely to turn down opportunities to increase profit just because the poo is rising, principally because the poo is cyclical and goes through regular boom-bust cycles. IMO licence holders will be looking for arrangements that will ensure the viability of their MF during the bad times as much as the good.
Obviously? From what exactly? The delay in DNR approval? Fwiw I doubt they will spend any time trying to break the current contract. IMO From the wording in the past RNSs the plan is to progress with a farm in, in which case the situation would change for PVF and that would necessitate a revised contract. I don’t doubt they will be positioning themselves for the future farm-in, I would be disappointed if they weren’t - it demonstrates their confidence in the GH play. The fact that we are all talking about a farm in is a big step forward. Back on board taxi?
I think it is for competition - this was alluded to in the interview. If you take the data from the BH logs you can get an approximate estimate. But I do agree - if this was RNSed it would give the market something to price
That’s all a bit long for a tweet. Are you on twitter? Why not @simon and ask? I’m disappointed in the lack of emojis- where is the ‘rocket’ ‘rocket’ ‘stock graph up’ ‘star’ #excited #wouldntwanttobeoutofthis #blckgold.....
He’s a PR guy so IMO this is a PR op. If it was a f*** up or requiring management signature one of the Directors would be going. I’m expecting photos with people smiling, perhaps a ribbon cutting, and lots of oil flowing...
Dubliner, my understanding is that the procedure changes at the DLM should reduce the time taken to process permit applications, and this should have a positive impact on the project timelines. But as the changes are still new/untested we don’t know by how much. IMO this was an understated piece of news. I originally had Q4 ‘18 down for when to expect permit approval (based on 9 month BLM Review period), with production commencing Q2/3 ‘19. Depending on how effective these changes are, IMO we could be looking at moving everything forward 3-6 months.