Member Info for Bishop190

So have I, a tiresome person who brings nothing to the conversation.

I have more green filters (Rocket) on my screen than actual unfiltered posts. That person is bizarre!

“Farmed out the decorating” Brilliant :-)

200iq? Really? More like 50. Why do folk like you troll boards in which you have no interest? Might I ask you respectfully to go away as we do not value your opinion.

Yes he did indeed say that, I was in the room at the time and I reported it here a day or two later. There should be no surprise to followers if the stock. Why the big panic?

Puzzling indeed, I cannot think of any reason why somebody would do that unless they suddenly had a financial crisis.

I unfiltered him to see what he is on about. Same old! As you say, this is not a day trader’s stock. Patience is key.

Lol at Rocket comment, I have him filtered so I get loads of green boxes when he is off on one :-)

I paid .0047, dropping my average quite nicely!

If farmout is 50%, that is 4K bpd to Tower = 1.46m p.a. At $60 per barrel = £87m gross revenue to Tower if my maths are right.

I see that as unlikely. For two reasons, first judging by the posts on Chariot’s LSE stream, investors are disdainful of its management and fearful that it will run of cash in H2 2020. Second, I was at the presentation yesterday evening and I came away with the distinct impression that Mr Asher does not want to dilute shareholders; indeed he has a very substantial holding himself so why would he? He is focussed in my opinion on a sensible farm out, he did say however, almost in passing, the he might come to shareholders if a small amount of working capital is required. He did not define small. As mentioned elsewhere on the board, he spoke about the chance of success being in the P80 range. I will be staying in and probably adding to my holding in my ISA fund. I doubt that my IFA would approve of my SIPP holding a micro cap oil stock but he may, on this occasion have to be overruled!

@Bellers "Company I just retired from would sooner you reverse into a space and put a sticker on your car than actually get to work and do your job"
Was it a multinational based in Sunbury on Thames ? I worked there for a bit, what a daft fuss about parking they made.