Member Info for Bamps21

Hi Nige
Tw is my largest holding probably nowhere near what others have mainly cos of my diversification system. Getting a bit fed up with it at the moment with no news and the huge gap between divis.
The run up to January is historically the best time for the sp, this year I can't see it doing much. I should have sold and put more into Town they had a good rise from £2 to £2.26, got that profit now looking for the next.
Big divis are not ideal when the growth isn't there.
Put a few hundred into Game 2 years ago at £19 and left them, nearly fell off the chair when they were approaching £50 and still going.

There's too many shares in Tw for a persistent rise, would i like a
consolidation- no way small investors always lose out
ATB:))

Hi Tom
Glad you doing ok with Ggp I've doubled my investment and just holding now hoping for the big pay day soon. I'm not over excited by Rockfire wary of future placings.
I'm having my last throws with oil Cerp and Ukog, always intended to vacate oil by 2023. Both due test flows before Xmas and with that risk the sp's have dropped, very low at moment if the flows are good then both should rise big time hopefully.
I'm concerned for Trinidad where Cerp are , cos if oil use falls off a cliff then they and many other small economies will be back in the dark ages.
Ukog production at least will save a few oil tanker trips to this country so less co2.
Cerp is my second biggest holding and Ukog 3rd so need good flows then I can start looking at yachts again. Troubles says he going to be my captain:))

Future investments of mine will be into ITM the hydrogen maker from Sheffield and also IKA solid state battery maker both have risen strongly last month well chuffed. I see future growth from both of those in the long term
As for Tw I was hoping for £1.85 by now, I'm not sure how the ending of Help to Buy ISAs tonight and changing to Lifetime ISA is going to effect the sp
ATB:))

Good interview on channel 4 news with David Attenborough talking about how he sees the way forward with climate change.
He said the answer is in the hands of large corporations , whichever one can make large battery storage systems will be on to a fortune
Good interview worth a listen

Hi willec
The odds for me are against a duster but the risk is being commercial amounts.
LGO spent a lot of time and money on the aerial magnetic surveys which Cerp own in conjunction with Heritage.
The experts EPI have studied this survey and other siesmic surveys for a long time.
In conjunction with Cerp EPI have come up with the Saffron location as being the best option.
It's right in the middle of the Bonasse oilfield so there being being oil down there is a big probable.
For every 100 bopd that's $5000 per day revenue
Eventually this will need EOR probably steam as they are already using it on Bonasse, but could be a big opportunity with Predator as CO2 goes well with heavy oil making it more fluid.
It is a big negative not being involved with the story of what is happening and does cause big uncertainty
ATB:))

Layladylay went into a pub and asked the landlady for the wifi code, she said you'll have to buy a drink first, he said I'll have 2 pints please. Now can I have the wifi code, she said yes you'll have to buy a drink first. That's with no apostrophes or punctuation.
It's the way he tells them , boom boom :))

Hi in4
LLLs jokes are far better than his deramping. The one about the wi-fi is quite funny
:))

To have a higher NAV the assets need to be larger as:-
NAV = assets - liabilities divided by number of shares
Recently Cerp have issued more shares and taken on debt with no increase in assets, therefore the NAV is lower.
An increase of assets at Saffron would give a higher NAV

Hi Bigwod
I'm not sure what the reserve figures are in the Falklands but CPR reports have to take into account commercial elements, the risk of marketability will reduce P1 reserves considerably.
Ukog suffered financially at Broadford Bridge where the drilling mud caused issues, they have had to rely on the death spiral financing similar to what NR did with LGO. That is what is holding the price static at 1.05p
Cerp have a loan that is similar but they have more control of the repayments and share sales in my opinion
ATB:))

Hi RRR
In a 400m target if only 10% are recoverable, on Bonasse that's $50 per barrel at mo that's 40m x50 =$2000,m
Deviding the recoverable reserves into P1,P2,P3 say P1=50% it would be worth $1 Bn
My maths not good with big numbers and I realise there are other factors that will effect that figure
For Saffron if they find 10m recoverable that would make a P1 £250m

Exciting times but as I said still a risk and excuse my maths I may have too many o
ATB:))

Hi Bigwod
In my opinion acquisitions at the moment are favouring the buyer no matter what sector.
Finding large amounts of oil is the game we're in and removing the risk by finding it will increase the sp.
Removing the risk for companies like Schroeders is the only way to get them to invest more.
This waiting game not knowing is too much risk.

The risk of investing in the Falklands is finding a market for it, getting it back to Europe is one hell of a cost.
Cerp have a market that risk is not there, the risk we have is getting it out of the ground and finding more.
A 400m barrel target find asset would propel this company towards the £500m target m/cap

ATB:))

Hi Tom
I've looked before at Rock quick glance at drill results look nothing compared to Ggp. Bit too late for me the heard arrived, don't forget to top slice to get initial stake back.
I've been buying and selling Insp , up one day down next made nearly 3k in a few weeks so well chuffed.

Doing ok with Tw pleased with it rising.
Britvic still going strong, keeping hold of those
ATB:))

Hi Trent
Hope you got your bathroom straight.
The report wasn't that good in my opinion. New builds last year pushed up debt a bit, be glad when they stop them.
The remark about 70m of disposals confused me, after the sale of £45m worth of assets does that mean there is more to come.
£1.4bn of debt is huge reduction of 200m just a drop in the bucket
Why not have a share offer to existing shareholders and get the debt down a bit
ATB:))

The information on Suriname geology is a bit limited and will try to explain the difference with the Venezuelan basin with my limited geological knowledge.
Most of the geological knowledge in Suriname comes from oil wells drilled in Guyana upto 2001 and some wells drilled onshore by Shell in the 80s, and wells drilled by Staatsolie since.
From Jurassic times Africa and South America have been drifting apart with Tectonic plate movement.
The source rocks of the Cretaceous period are the same as the oil fields off the coast of Nigeria.
Volcanoes, canyons 200' deep, river deposits, folds, fault traps all lie very deep down.
The main source rock is offshore what I can make out , rising southwards onshore to the south of WNZ
The oil is heavy at 16'API , lighter oil has migrated to higher shallower levels and according to Shell are uneconomic, however they did say that Suriname onshore was uncommercial in the 80s and Statsolie proved them wrong at Tambaredjo oil field.
The oil at WNZ will be in traps from shallower to very deep layers and more detailed seismics will be needed to find them.

The Venezuelan basin is from the same source rocks but formation down to meteoric waters and river flows.

I can't see Cerp finding the thousands of barrels pd as offshore but sure there must be a huge upside to the 24m barrels as stated at the moment
Next couple of years will be very interesting in Suriname for me
ATB:))

Hi neon
Our twinkletoes 12 knows a lot too he must be on the rigs at mo. He knows how good our Leo is :))

Hi Tcglover
Far more knowledgeable posters on the Ukog chat board than me. Nearly ten years here of research has rubbed off.
Been fascinated by the oil industry since early 70's when I was building an oil refinery on the west side of Canvey Island.
Due to the oil crisis of 73 it's owner stopped it for redesign due to the lighter North Sea oil coming on stream and I had to look elsewhere. It is now a nature reserve , on google maps you can still see the tank bases, took 3 months to get ready for concrete and 3 days to pour one of them.
So when Cerp say they are starting civil works for the next well, expect a month or so
ATB:))

Hi LTID
I've been following the Ukog well being drilled recently and has had numerous RNSs on progress:-
Started drilling on 29th Sept
On 8th October they announced they had completed to 2036'and inserted and concreted the liner.
That's about 200' per day but through fractured rock, Saffron is through sand layers. If the sand is stone,hard and firm , 200' would be easy to achieve. If it's wet and runny could be problematic but from other wells in Bonasse water content has not been encountered.
Saffron at over 4,000' in my opinion would have been completed by now unless they've stopped to check out the other layers on the way down. That's the Upper and Middle Cruse layers , according to that well cross section on the presentation there are other layers but probably of no significance.
Takes a few days to clear all the drilling fluids and any debris from the well and a few more days to move the rig away before the choking back and testing.

I reckon they should be testing now.
Initial test rates, psi pressures at bottom hole.
Different choke sizes will be used until a maintained flow and pressure rates is achieved. They might tell us at this point but they might shut the choke to see how long the pressure takes to rebuild.
I wouldn't expect news till the 45th day.
Not being able to follow the story is a negative point for me, there must be a reason why this is a "tight" well.
Is someone out there watching and waiting :))

Hi troubles:))
How did you guess that.
I never let the work areas be muddy, made for a safe clean environment and brickies were sort of happy. Always finished near or enough on programme.
Had some good bricky mates and go to horse racing with a brickies labourer, he wins all the time.
Did have one clatter me though, right nutter. My carpenters saw them off :))

When estimated recoverable reserves such as the 11m P50 at Saffron are drilled, found and technical/ commercial issues are resolved, experts report and can move these estimated reserves to proven, probable and possible.
Interesting to note with their issues at present a lot of the fields in Venezuela are going the other way because the producers can't prove that they are commercially going to extract those reserves within 3-5 year time frame
ATB:))

Morning Ben
Not great weather for brickies.
I had that problem on a site, I got the scaffolders to make a frame and covered it with tarpaulins with tomorrow's bricks inside and left a gas heater on all night(oops not for this debate)
Bricks were nice and dry and warm for brickies.

A semi-engineering brick only soaks up a very small amount of water and is frost free, when wet mortar comes in contact with a wet brick the mortar can't adhere to the brick and floats , running down the face. Making them impossible to lay.
Staffordshire blues are even denser and don't absorb moisture and are hard to lay even when dry.

Good luck Ben

The way we build houses and other buildings do need to radically change to combat climate change.
In a small way if a house builder started with one site by cutting emissions during and post sales by up to 90% what a PR revelation this would be.
Would the other builders follow suit oh I think so big time.

The use of renewable energies would be key to this, especially the use of renewable hydrogen ( not the H made from oil at present)
Technologies for renewable hydrogen are increasing at an accelerating rate.
JCB are getting involved with these changes.
Cement plaster and brick manufacturers are constructions biggest challenge and I can't see any other way of producing them without hydrogen .

The finished buildings should be energy self sufficient, the tech is there to achieve this but is there the "will".
As an investor I've been slowly moving my investments into more carbon friendly operations and if another builder came up with this scheme I would move from here.
Some smaller stocks I've invested in for the future are growing fast especially the hydrogen one and I am gradually moving more into it.
It's my way of trying to help the future.
It's not all doom and gloom out there but it does need a b....y big push

ATB:))