Member Info for ardtole

Hi Cloud, there is an independent ERCE report due in January regarding Churditch.

Looking through this thread and some of the possible valuations of Churditch, I am looking at it from the angle of what will the majors think is too much to pay for it.

Assuming that there are more than one interested party, at what stage will a company, some of whom who are recording quarterly profits of £20bn, think £200/300/400m is too much for an asset, which in January might independently confirm up to 30 years production.
It might be a situation, where, its not a case of what a major is prepared to pay, but a case of what a rival is not prepared to pay.

Judging by the recent webinar, I'd imagine they have had figures mentioned behind closed doors. The ERCE report in Jan is critical to a sale of Churditch imo, and realising value for it.

Or perhaps wishful thinking.

Is there a tactical reason for the delay in publishing these results. This time last year we were expecting them in q2 of 2022.

I think it could be January before we get the ECRE report. I am open to correction on that though.

Big thankyou to HFB too, I stumbled across this board almost 18 months ago. His analysis,information all backed up by links was refreshing. Got me interested initially and going well so far.

Could well be sitting at 0.5p plus this time tomorrow.

You would imagine every government would have energy security high up their priority list at present. Though I'd agree Labour are unlikely to be as favourable to O&G as the current government.

Hopefully some significant news this week or next. Get things rolling and a better gauge of where we might end up.

I was on the verge of opening a tally account but not a hope I will now.

Plus the Dunrobin asset.

I see on twitter, moneymagpie (13k followers) are doing a £50 promotion with Tally.

3d seismic results for both projects due in q2, apparently they have had them since June, and are now interpreting these results.

Must be working from home and having a quick look at them in between dropping the kids off to school, collecting them, bringing them to swimming or football or piano lessons

Thanks HFB, Interesting developments.

I'd settle for an unsubstantiated rumour at this stage Percy. The boredom is kicking in.

I get the same feeling Charlie. The Australians have definitely softened in their, "bring it to Darwin" stance.

I do get a sense of more urgency regarding the two governments. Or perhaps I'm getting a little over optimistic.

Nothing of significant interest

Nothing of significant in Woodsides 6 month report for first half of 2022 regarding Greater Sunrise.

It's political now as well, after the TL Govt suggested possible Chinese involvement. I'd be shocked if the Australian Govt wasn't providing Woodside some subtle assistance from the sidelines, via tax breaks or grant aid etc.