Member Info for bistable2

from 948 to 987--yes so thats about 4% but very volatile from 928 to 1044 in lastb few years

aiz

but you would have only got 1% from gold also in last year

currently I can have a savings account and get say 1-2% guaranteed interest, in a simple current account my cashg is safe although eroded by inflation.

If I have a Tally account and buy gold then I can take out cash against it but the gold price moves with only a 1% upward trend over the last year but that could just as easily go down. So at best based on the historical trend no better than a banks savings account bit at worse I could lose money and not be able to draw out what I put in.

So whats the point I ask?

This is from an investor who thinks this may go places but not sure why unless it is driven by emotion from the middle to far east

nothing new there but the important thing is this is an example of the current PR campaign--not sure what it is aimed at though as no fundraising as I understand but they did get me on board so using up any free shares--

real mover will be getting a production licence as talked about so I guess what they have at present limits them to the existing wells and does not allow any infills-don't really know myself

Have to smile at the reference to rotten management as when I made this point regarding misrepresenting the case with the local authority which was backed up by information in the public domain I got reported by BB zealots who couldn't handle the reality of adverse comments and consequently I got banned.

When the ceo got ultimately sacked at Christmas time was the final justification for my cause

I have only recently been reinstated after explaining the position to a LSE Directors at the recent O&G event who was appalled at the circumstances and personally intervened

aren't we all hoping for miontghs and months and months but you need faith as well and although I retain some I have to say that in the near to medium term there are better opportunities elsewhere

Been in here for years but now Hugely Disappointed the sp has not responded to all the positive news over the last few months-why has there been no reported results for K3 and K4 final flow rates and commercial announcement for those layers-have I missed something??seems to me nothing will happen until planning approval and even then I don't expect any more than a spike and fallback--will need to wait fir real results from the HH2 and HH1z tests

So bottom sliced this now and rein vested in a hugely impressive development and production oiler talking at last weeks LSE O&G seminar--cannot say who it is risking to be reported so I will leave you all to research as you see fit

Mytton-are you implying that if Shell are successful then so will Montara-I thought Montara was already successful at 3K bopd

JSE must be one of the forgotten O&G gems-maybe not meteoric rises but steady as she goes based on great management, increasing positive cashflows, sound investment and aquisition strategy and low risk. I am now a convert having been to the LSE seminar this week-very impressed-so it seems is Macy as per his blogs

posted on 29 January 2019
https://www.malcysblog.com/2019/01/oil-price-vog-ophir-jadestone-angus-and-finally/
I ran out of time yesterday but wanted a very quick word on Jadestone after two recent announcements. Yesterday they announced that Montara production is likely to stabilise at around 10,000 b/d (2018 7,615 b/d) and with maintenance fully up to date ‘an increase in uptime and average production rates is expected in 2019’. With no further maintenance required before the end of 2020 things are set up nicely for JSE for the foreseeable future.
I have had a number of questions about the increasing holding of Tyrus Capital on the shareholder register at Jadestone which recently went above the 25% level. I am told on good authority that not only are Tyrus friendly and supportive but have held a large position in the company for many years, indeed the recent addition was an ‘opportunistic’ one as they cleared a line of stock up in the Toronto market. With a lock up in place since the admission over here I don’t see them bidding for Jadestone any time soon.
Posted on 6 March 2019
https://www.malcysblog.com/2019/03/oil-price-amerisur-rockrose-iog-vog-jadestone-soco-jog-and-finally/
Jadestone has given the market some guidance this morning and expect 13,500-15,500 b/d this year with a longer term forecast of 30,000 b/d by 2023. Average unit production costs are $21-24 and the company expects capex this year to be in the range $116-131m. With operatorship of Montara expected in Q2 2019 the company is progressing faster than I had imagined although management is impressive and highly experienced.
They say that they are making ‘good progress’ in Vietnam and expect sanction of the project this year. So much has changed with this company in the last year it is hard to keep up but the acquisition was an absolute peach and already paying out in spades, this company is without doubt going places.

very useful so many thanks

I note the article is incomplete--do you have the rest or a reference?

seems to me Holmwood is a waste of time. The well is stuck in the middle of beautifull woodlands accessible by means of a narrow winding lane not suitable for tankers at all and as such it is the focus of stiff local opposition and demonstrations-UKOG does not need this kind of adverse publicity as it needs local goodwill to exploit HH

I went to the LSE O&G seminar last night and found it very useful. Great presentation from Paul Blakely of Jadestone whose company mission is to pickup working licences from majors whom are too big and cumbersome to get full value. So they bipass the exploration phase and generate quick cashflow from working wells and infills which as I see it is where UKOG is heading as it enters its production phase for HH.

I asked a question to Richard Shape who was supposed to have an overview of the market regarding his view of UKOG . He declined to comment on a specific company so I extended the question to his view of the Weald play .

He said he thought the Weald was very interesting, and had some knowledge of ANGS/Brockham and then said the problem is getting the required LA approvals in addition to the presence of topside equipment and lorries and the resentment of the locals. He clearly had not heard of the underground pumps to be used in production and the fact the area is mostly arable in the shadow of the biggest polluter in the SE- Gatwick. I then pointed out to him the windfall to local authorities of about £1m/well once into production and he replied in a throw away comment they maybe more concerned about votes.

So it just goes to show the cynacism and ignorance to detail from supposidly industry consultants and the need for UKOG to have an effective marketing campaign to industry leaders and influencers

and sp bouncing around 400p--seems like a resistance level can anyone with L2 confirm

why is it the vast majority of trades are AT trades and less than a few K-never seen anything like this before as AT suggests DMA access from serious investors but if so why so many small trades averaging about 4/minute unless breaking up larger trades into smaller ones

Interesting many thanks couldn't see it as a Amazon option

only about 6 merchants in my area accept this, Amazon doesn't, most garages and supermarkets how can it replace a credit card for normal use although it seems there maybe some niche applications like gambling

took 30 mins to get any recognition and any trade data-amazing seems sp is not taking off anytime soon

seems like new ticker still not recognised-so when is the changeover-I would have thought before opening of trading today would have been a good time but I note RNS was not specific-just sometime today

thought there would be a trading update and further explanation on previous hacking issues to prelude markets day where is it|?

go check the charts tab on this page--560p end March beg April simples but no chance or reaching that this year unless a takeover