Member Info for AndroclesB

Big oil.

Mooting BP and Shell merger.

More interesting, BP might increase its exposure/focus on oil and gas.

Hmmmm ……

As usual Keith nails it.

My thoughts.

OJ has this system - based on the assumption that many small cap oil and gas explorers are "lifestyle" companies, which have a predictable lifecycle of hype, raises, disappointment, etc. Our friend Mr Parsons is the perfect example, who had the brass neck to set up rinse and repeat operations in this mould, even as he was setting up a "trading plan" for his own shares during a company making (or breaking) drill.

Fair enough, but what this completely misses is that some small co's are successful. To spot the ones that might be, requires a wealth of experience, information and the ability to analyse it, provided in spades here by some of our posters, and the material released by the company. There's still risk, but the upside is higher than OJ's one size fits all trading system.

By the way I am inclined to think we have a shill, parrot or fanboi here, as the output is unbelievably banal.

I was about to post a message defending Keith’s prerogative to stop casting pearls before swine.

I’m glad I didn’t, and he hasn’t.

Thanks Keith. What you are saying aligns very much with other discussions I have been having, but which I would not wish to publicise further.

Got to agree Rob.

Opinions are one thing, but the key thing is reading all the reference material and research and THEN deciding if those opinions are valid. Even then there isn’t 100% certainty.

As an inside IF (?) I was a multimillionaire, and IF I thought the scope here was was significant I would probably want to stay below TR1 level.

😉

Ibiza,

I certainly don’t suggest a negative price!

A price ratchet usually increases the price.

I negative ratchet would reduce the price per unit for higher volumes, but ensure we got premium price for the initial volumes.

We know that the more gas we have the less per unit we might get. Testing might prove up such larger volume

Might negotiations work out better for us if they are based on a higher price for a more modest initial quantity. There could be a “negative price ratchet “ for increased quantities.

👍

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Form an orderly queue please.

Intuition vs reality. Don’t Google!

I am scuba diving at 50 metres. As you probably know as I ascend the gas in my body expands, and if I rise too fast I will get the bends.

I therefore ascend in 10 metre steps, pausing each time.

Which of the steps causes the most expansion of gas, and is therefore the most dangerous.

I’m particularly interested in gas expansion, pressure and taters 😉

No.

It merely illustrates that one’s intuition can be wrong. It’s mathematically sound.

Now you may think that is irrelevant, but it isn’t claptrap.

You might want the check out the Three Goats problem from Monty Hall.

Or what your strategy should be in a three way duel - tri -el

There’s plenty of other drivel.

Maybe Chesh is a drivel-bot

Great analysis of the possibilities folks, many thanks.

I guess the only other one, which isn’t in play yet 🤣would be connection to the pipeline.

Puzzled!

Morning Billy.

I’m by the difference, if any, between “gas sales at the wellhead” and the CNG development project.

Voskos,

Might it be that we are reaching the point where the bank guarantee is no longer required, if the minimum work requirements have been carried out.

Not sure how it sits on the balance sheet but it might be available if needed to cover the discovery bonus?

Plus it can be guaranteed non fracked

Hi Nigel.

I am deeply re-assured by your loss of interest.

To be fair (???!!!) Nige only came up with the water shortage thing for Sandjet testing, conveniently ignoring the fact that lots of water is needed for the drilling process itself.

😉

It’s a long story

Resource not that big

Overhyped it

Diluted shareholders to hell

Long way from anywhere

Upset the authorities

Jus5 for starters!

I ink SOU used flare pit in Tendrara. Onshore/Local regs?