Member Info for BlooBird

Thanks Jiffybag
The last paragraph of your post seems to make it clear.

"We have successfully achieved our start-up data acquisition objectives and commenced the evaluation of this material. Up to 12 months of stable production will be required in order to provide a clear view of the reservoir and enable us to plan for associated full field development scenarios."

continued …
A lot of investors don't want to hang around for a year and are putting their money elsewhere for the time being .. thus the partial reason for drop in SP

It's a bit frustrating that HUR haven't explained too well what they mean by "6-12 months analysis ".
Did it start at first-oil or are we still waiting for it to start when both wells go into full production early next year ?
The analysis could be up last month or it could be early 2021 ...that's a huge difference in time frame.

Does anyone else feel they are developing DPS Dual Personality Syndrome ?
ASDA have an offer 25% off if you buy 6 bottles of winel.
So I ordered a dozen … 12 bottles for the price of 9.
But even as I was hitting the buy button, HUR SP dropped a bit further and I lost a few more £100s. Put a bit of a damper on my ASDA purchase.
So here I am, patting myself on the back with one hand while wiping away the tears with the other …. DPS !.
Can't wait until HUR SP starts reaching the higher value that it deserves and can get back to enjoying the small things in life !

If the water averages 8% then that's approx. 40,000 barrels of water in every load of oil.
What happens to it ?
Is it off-loaded to a tanker to be processed onshore or is it dumped into the sea after a cleanup ?

Didn't Ruth Davidson say that she'd walk naked into Loch Lomond if the SNP got 50 seats … good job it's not Loch Ness … she'd scare the monster !

Does anyone, with more legal knowledge than me, know how we would stand legally if PMO tried to takeover RKH just to save on the $750 million carry ?

I for one have absolute faith in Dr. Trice and it's just a matter of a few months before Lancaster is fully proven, the SP will recover and Dr. T will be able to say "I told you so" to those clowns on here saying "get off your fat arse".
At least Dr. T is a 'hands-on' CEO who gets 'stuck-in', unlike the CEO's of a couple of other companies in which I am invested whose sole worry seems to be that there is enough money left in the kitty to continue paying their fat salaries.
It's a hard job, juggling all the different tasks of a CEO' but here Dr. T shows them how !
https://www.youtube.com/watch?v=SR0ExPWXAys

Wulbert
But sadly, no Polish were allowed in Celebration March because Labour Govt. didn't want to annoy their communist Russian friends.

"Great Britain declared war on Germany September 3, 1939, in the defense of Poland. Yet, in 1946 with the London Victory Celebration after the defeat of Nazi Germany and Imperial Japan in World War II, there were no Polish Armed Forces represented. Polish forces fought valiantly along side the British during the war—consider what happened during the battle of Monte Cassino and which troops finally captured the abbey at great cost to themselves."

"One of the last surviving pilots who fought in the Battle of Britain during World War Two, Flight Lieutenant Maurice Mounsdon, has died aged 101.
Mr Mounsdon was one of only four remaining members of "The Few" - a group of 3,000 airmen who defended the skies above southern England from the Nazis in 1940.
In 2015, the veteran told the BBC what happened when a German cannon shell hit the fuel tank of his Hawker Hurricane in August 1940"

He should have got a Knighthood but it seems that you have do something really important, such as hit a tennis ball over the net at Wimbledon, to get a gong nowadays !

ARCM shorting has obviously helped drive down the SP of PMO, but why do BB members think that it has been made worse by them not disclosing their short position ?
I would have thought that people may have questioned why one of the main lenders was shorting PMO shares … (maybe they know something that we don't) … let's sell our shares and play safe.
Thus driving down the SP more than it has by staying non-disclosed.
Just a thought !

kenj
Thanks for explanation.
Bloo

What happens to the money created by selling shares short.
Does it go to the shorter or back to the person who loaned the shares (as security against the loan) ?

I've never shorted a stock in my life (wouldn't know where to start) but with my limited knowledge I would have thought that this 140 million short is a good thing.
Now when PMO starts to rise, when funding comes through, they will have to purchase those 140 million shares in a hell of a hurry.
PMO SP will fly.

dspp, Drillspark or anybody
Why would moving to the main board get rid of "cohort of traders" ?

Today's RNS quoted "Initial analysis of oil samples indicates a light, 43° API oil."

A link that Albi1 posted a while ago (19 Nov 2019 23:25) contained the following information.
The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade. Its lightness (43-45° API) and extremely low Sulphur content (0.04 percent) make for a highly valuable refining asset.” In fact, of the benchmark crude oils in the world, Tapis is both the lightest and nearly the sweetest. There is no other oil in the world with an API greater than 40 and only one with a sulfur content lower than .04%.

https://rentar.com/best-crude-oil-world-crude-oils-better-others/

Does this now mean that Lincoln has some of the best light crude in the world ?

Happy St. Andrews Day to Albi1 and all the other Scots on this board (I don't know all your names .. sorry).

Perhaps some of those people at the meeting last night were so impressed that they decided to buy a few shares.

somm
Would you have been happier if the flare had looked more like this ?

https://www.hellenicshippingnews.com/wp-content/uploads/2014/05/shale_gas_burning.jpg

Did anyone else notice the rather ominous tweet from XR on the twitter link that Missdosh provided.

https://twitter.com/scottishoilclub/status/1199853409836376064

"Any plans on shutting down yet?"
I sure hope the idiots don't try to stop DR.T's lecture tonight.