Member Info for billy101203

SS has to change his lifestyle at sometime.
Here’s hoping this 3m will help him help in his last chance saloon.
As if you make a oil company grow in this climate of demand and oil price then it’s definitely game over. This saloon is really for most oil CEO’s who have been milking investors.

Point taken. However what if the 3m is actually to accelerate Turkey progress (regardless of predictions on next year) or we are expecting other UK related news. Can’t be specific to what as it’s only going ti be conjecture.

Cynical in me thinks they have cashed in on the ‘Truss Factor’ hype vis a vis UK energy policy.

It really depends on the true reason for raising money.

If it can be ring fenced for development with a clear goal then UKOg have done well to raise £3m.

Enough said can’t add to it.

PMSL!!!!

Not 2007hrs

Why would be totally fukced?

Oilies not having a good time.....
WTI dropped again to $86. On top of this US driving season came to an end (infact it never happened this year), Biden annouced some green tax on companies I read yesterday.

Oh well we all could be going to hell in barrel!!!

She only has to sniff at saying something positve about fracking,gas storage, home grown energy and that will open the flood gates . Even if a company hasn't got prospect will make money.

lets hope.

With 1.4billion traded looks and smells like a placing in the back ground peeps.

True value might be a guesstimate this week.
Precived value until more news is more likely.

As long at it keeps rising wiht minor dips the bang.

Just a waiting game. As long as it’s blue and moves in the right direction would be good.

The thing is you should avoid pillow talk as a form of investment advice.

Research is the key and the ability to read balance sheet. Coupled unconscionable decoupling from a share.

CT was the game changer until it got sold. Look at its performance and the returns they spoke for themselves.

It all went south after CT. Potential of upto 18 wells I think from memory best asset we owned simples. Some wells costing $28k to develop.

But don’t mind me.

Back to nornal............................

F3 spuds in October 22
PB location identified after duster well (sorry water well)
New lease and deals in pipe line. (will be very suprised if we get any done unless we pay a premium)

"THATS ALL FOLKS"

CEO's out of his depth..............as oil CEO.
Theres a difference in redrilling striper wells a follow historical record, to actually exploration and deveolpment of a lease.

Best left to others.....and we can tag along.
We are better off paying debt off to increase share valve. As for going it alone its 'spaffing money down the hole'

Totally clueless.....

In a nut shell PM is the saviour not PB nor a fable can help.

Most important thing CEO can do 'NOW' is offload PB even if it mean throwing the baby out with the bath water!!!

Game changer would be higher WI in PM wells.

Wouldn’t have expected anything else. As we have revenue and if it didn’t increase thanks to the oil price not production I would have battened down the hatches.

Plenty of Jam tomorrow in RNS and if it wasn’t for PM, PB wells would be hemorroids hemorhageing cash.

I have to agree with Weyland’s post

"WTI currently $96.70. Anybody want to comment on turning points or turns in the tide?"

Since this question was asked WTI is as of 30 secs ago is $89.11

I wouldn't know what to call it, tide or ripple. Can't see oil shooting too high to soon once Iran deal is Done. On top of this Iraq political C change happening lastnight coupled with need to cash in on higher prices thus increasing produciton. Iran and Iraq borders now opened so oil will be the peace maker here.

This will leave the Saudis out on a limb for holding the world to ransom.

Pass

Next question