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I hope Ross never gets a job as Father Xmas , the kids wouldn't get anything while he's waiting for the price to go down :))

Hi Nige Some investors do look for twice the cover not necessarily the best approach Lloyds being in question doesn't guarantee the price will go up Have to agree with one thing he says that professional investors are moving their money into the US, more stability at mo, while there is none here

His piece in the Times yesterday on FTSE 100 high yield stocks mentions Tw as the highest at 13.8per cent but the forecast dividend is only covered 1.19 times. Investors are comfortable with a cover of twice by its expected earnings. There is only one company in the top 20 highest yielding stocks where the divi is covered more than twice - Lloyds at 2.14 He carries on about the builders saying that it's not the fundamentals that have changed but the fundamentals themselves are uncertain. Well I sold my Lloyds shares they wouldn't stop going down and for a paltry divi of about 2p Much better here at least it gone up today One good bit of news is a big payback by BHP, that's good for me anyway :))

Hi Gibbo As its been mentioned today Soldado north has produced 12,000 bopd BP are targeting a 20m reserve to the west of Shetland and hoping to produce 12,000 bopd Why shouldn't we all be hopeful of similar in the SWP. what about the 400m reserve targets what would that give us per day It will come in time :))

Mind you Ross is in the bin so I've no idea what he is posting

Why are the trolls on this BB posting here with nasty undertones except for Ross. One pops up from nowhere this morning with the same attitude and then another comes and likes his post Well Alextikki and fishshed join the others in my bin I hope everyone else here has a good Xmas

Well put Gibbo Have a good Xmas

I must admit this past week has been my worst for a long time. The spread of my holdings were holding its value but this week it's just gone down. Tw in all this has gone up a little. The one bright share holding its value is Londonmetric inundated with requests for warehouse space and paying quarterly divis bit boring share but been the best for me so far I've been selling some shares gfrd and m&s at mo looking at others, Good luck with all your portfolios in these turbulent times

Hi leas I'm with you on the future of EV cars, they are only a short term solution. Garages are under threat. Hydrogen is the way forward in my opinion. Shell are progressing in Germany with ITM Power to introduce on site electrolysis with solar energy in their garages With electric the emissions are with power stations , with hydrogen you are looking at 0 CO2 emissions and no transport costs. At the moment I can't see BP going down this route. That being said I can't see the use of the petrol engine diminishing till 2030. I do like the new technology of Carbon Engineering ltd with a storage unit size producing carbon dioxide out of the atmosphere which could be used to pump directly back into the wells ATB :))

Hi capitalidea Good post. The idea of drilling one well and then being able to drill subsequent wells from the profits of that well is the way forward. Initially though it's the workovers that will fund this well, The workovers on Bonasse are producing about 3 times what they were at about 30 bopd, so that's about $90000 per month paying for the next one. On south Erin 85bopd x 3 =255 =$765,000 per month So for me the SWP will be self funding starting from the lowly workovers Success at Snowcap will catapult the SWP forward Bring on the next 3 months it's nearly game on and the 20m-400m target. A 20m target could be over 1000bopd I'm not running before I can walk it's workovers first whether that's 3 months or 6 months I don't mind and then the progress starts Have a good weekend :)))))

SWP Don't forget it's already started, Bonasse, Icacos, south Erin Funding issues what a load of tosh

Hi jr710 I thought it was a lot didn't realise it was as much as that. Yes glad it's going. Getaroom Think you should listen to the presentation and the q&a on the web site We all know there's issues with the Goudron production depletions. To my mind the money is better spent on the other fields where the profits are higher. This quarter should be better than the last but for me the next one will be the sign of improvement.

Leo's targets for south America include Suriname, Guyana, Venezuela and Columbia My preference would be Venezuela - 17000 abandoned wells in 100 oilfields Politically though it can't happen Next is Guyana there is a lot going on there with a lot of infrastructure and numerous fields onshore Suriname I can only find one onshore field, loads offshore Columbia - I feel it is too unstable Time will tell.

Spain in one word

With the increase in recent assets we shouldn't discount the importance of Goudron in the "string of pearls". Still a 100m barrels to go for. I can't see any more drilling taking place just workovers and maintenance The water flood will produce the oil at some point but Cerp do not want to spend additional funds to accelerate when there are better targets elsewhere. Which is a good position to be in. Leo has also remarked that Goudron still has some enormous potential. I can't see the deeper targets are in any plans at the moment ATB :))

Hi in4 I've no idea what that woman is on about, she's gone in the bin, best place for her and her questions The BB is much better without them

Moruga North In 2011 it contained a mixture of private leases and Petrotrin sub leases Contains 1220 acres and had 3 exploration wells which need reactivating Lies between west Moruga and trinity innis

Hi offerman, neon I would like to see some more consolidation news even though it may lead to more shares 1 the other 16% of Snowcap 2 north Moruga would be a nice fit , although it's an IPSC. I seem to remember NR tried for that field 3 Suriname maybe. Far as I can find there is only one onshore field. NR did pay it a visit

This is my opinion on what may be in the next update The production from Snowcap 1 restarted after a workover c100+ barrels of oil but will have a water mix The workover of a well at South Erin c100 bopd started or about to start Trinity Innis producing 100-150 A couple more workovers at Bonasse c50-100 I not expecting any work on Icacos but c15 bopd Goudron production maintained at c750, water injection continuing and further build up of pressures in connected wells Further investigation works on Cedros, South Erin and Snowcap I'm expecting Cerp to hit 1000 peak this quarter I wouldn't be surprised though if Goudron goes down slightly as I believe the workover rigs will be deployed elsewhere due to the tax situation at Goudron

Feel much better now I've filtered the 4 trolls on here, will not have to waste anymore time reading their rubbish