Member Info for blackbird

aggregate year end production was 4377 boepd, now it's 4037boepd.

gulp. "$9.5 million in short-term Ukrainian Government bonds" that doesn't sound so great.

credit to krok for spotting that! "2) Almost $10 mn disappeared in just 3 weeks of April - probably paid for the well, expensive!"

this puts rpt in a much better light.

actually only about a third of the cash pile gone/invested.

cash pile gone.

just thinking, £19.4m sounds v expensive for two acres of property. h young and co sure seem to have done well out that. 800,000 rent also seems a lot!

at last the company has found something to spend their hefty cash pile on.!"bricks and mortar" probably a very sensible move for the long run. but not particularly exciting for the share price in the short term - saves on the rent but doesn't generate new cash and ties the company's value to property values.

withdrawal from westgasinvest is very disappointing - this was always the one feint background hope of cadogan being catapulted into the big time carried on the back of giant eni. oh, well. we'll just have to make do with muddling along as a tiddler in ukraine's treacherous territory.

https://news.google.com/articles/CAIiECWJcVSn2pBChrUb4fY8PIEqFggEKg0IACoGCAowoPUEMKAjMP6Y1gU?hl=en-GB&gl=GB&ceid=GB%3Aen

"itv tables bold bid for endemol..." yikes, by bold i think they mean expensive! but endemol would be a big push forward in the diversification-from-advertising strategy. and they'd have to be bold to catch such a big fish. bazalgette and de mol probably know what they're doing.

"For Smart Holding it doesn’t make much sense selling RPT but keeping two other smaller assets (PEP and UGD, if my memory serves me)" smart holding sold pep to rpt a couple of years ago. maybe it could sell ugd to rpt - smart would get a cash boost, rpt (and pinchuk's investment) would get a reserve boost.

from google, the only kelda limited i can see is a dormant company related to yorkshire water! the ony kylestone limited i can see is an off-shore company registered in british virgin islands. the rns doesn't tell us who the new benefical owner of the shares is - instead of clarifying things it makes matters murkier. the shares have gone from a known oligarch to a person unknown.

the offer seems to be priced in US$. the pound has fallen quite a bit. so at the current exchange rate of $1.28:£1, the offer is worth £8.50

maybe this has something to do with us government sanctions - i can imagine an oligarch like fridman being on a sanction list.

isn't it 24% to 23% to 21% to 20% right down to 0%. so where has such a large holding gone to? another oligarch? this is the ukraine a lawless political basket-case of a country. anything could be happening.

so what happened about the uktv bbc-itv jv negotiations? the deadline was supposed to be a couple of weeks ago.

phew what a relief - it could have been so much worse. �4m misstated is still a lot of money for a small company. the fact that it could have happened is a big black mark against the company that i had hitherto regarded as conservative and sensible. thank goodness it was discovered in good times - if it had happened in a recession it could have sunk the company. i don't think the sp will go back to the previous heights - it had already run ahead of its historic levels and earnings power and was due for a fall back even without this event. still probably a buy at the current price, though.