Member Info for bluerill

since forever. now they will share operatorship expenses. not a big deal, but a useful positive. ask gati about it tomorrow night if you wish

I think this is a small positive in that it appears that all 3 parties will now fund this instead of PERE footing 100%, so this will save us some dough while providing a constant, local presence.

Ha! I guess output from tom winnifrith and his mob is reduced to ******* on this board. Instinctually, I agree, since I reckon he is a towering knob, but its still pretty funny.....

Pleasure. I'll post some comments/corrections soon. All told though, a creditable job. The ************* bear note from middle of last week , which remains the only major counterweight to the compelling valuation arguments made by spongebob in the video, contains a few key errors which I will also comment on.

https://www.youtube.com/watch?v=P6oiWcfIrAQ

yeah, nah....It all sounds so very 1979. US is now a net energy exporter now, as everyone is aware, so as the article implies, such a move in 2020 would do way more damage to the rest of the world - which includes some important Iran allies - and to the Iranian economy itself, than it would ever do to the Great Satan.

Troll everything you post? Don't flatter yourself. Write something remotely insightful, or original, or maybe just marginally additive to the discussion for chrissake, and I'll be the first to pat you on the head. Meantime, keep your vacuous bi-weekly retorts to yourself and use the time to read a book

You get slapped around in what should have been a learning opportunity for you, you then limp away threatening never to return, you come back after some weeks, and that's the best you could do??? Never mind that you seem to have gotten Alaric's position completely arse-backward, what does it say about your character that instead of trying to incorporate legit criticism and up your game (from boring-at-best-to-utterly-narcoleptic-at-worst), you instead use your time away to try and elevate yourself by engaging in some kind of 6th form-worthy bit of trolling? Sheesh, read a book instead.

Yeah nah

Oh, and I almost forgot: your posts were taken down because they were the product of a degenerate mind which, when confronted with its own failures and limitations lashes out, looking for anyone other than itself to blame, rationalising away any awfulness in a screed of victimhood, and no other reason. Otherwise, don't be a stranger

Hey, as long as we're sharing: If it looks like the result of cousins marrying, if its sounds like a misogynist troll, it must be a gormless keyboard warrior with nothing better to do than cough up hairballs on message boards. Aaaaah, the classics

Since the effort to post the link was obviously too painful for BS - nothing whatever to do with the that the fear that somehow, something MIGHT happen to San Leon because of the bad behaviour of others like Shell (!), is all he's really interested in putting out there - I'll do it for him, poor thing:
https://www.theguardian.com/global-development/2019/dec/06/this-place-used-to-be-green-the-brutal-impact-of-oil-in-the-niger-delta
Wait a second.....here's another Guardian headline, but this one's from 2016, on basically the same subject. Sure hope no one saw THIS one so it didn't bring the Niger Delta problems into international focus back then. Or now. You know, 'cause that would so upset super-concerned shareholders like BS
https://www.theguardian.com/global-development/2016/jun/02/niger-delta-oil-spill-clean-up-launched-ogoniland-communities-1bn
Hang on, the Google machine just spit out dozens of environmental impact/oil spill headlines from the Alaskan North Slope to The Gulf of Mexico to the North Sea. Sure hope this doesn't get out otherwise BlackSwan's Christmas cheer could be ruined fake-worrying about the shareholders of pretty much every listed oil and gas explorer on earth. I know! In the spirit of the season, I won't post the URLs so he can better enjoy this joyous time of year, intrepid, selfless soul that he is.

yeah, you're a regular humanitarian

Indeed. He with his; you with yours

Of course it is Mclean. BS just can't help himself. Scorpion's gotta sting and all that......But here's the (real) thing: first half of 2020, first half of the century, it matters less and less. The pipeline and the fso are fully funded and are now fully on track to deliver a engineering solution to Eroton's O&G business - guaranteed to significantly improve cash flow before ANY new drilling - which is going to happen. Period. This isn't in dispute, and because it is largely independent of outside factors, the principals (and the market if it cared to listen) can very safely assume now that if there are any delays going forward, they will very likely be technical in nature and therefore of little consequence to the value of the asset or the company at present. Now that may not be enough in this appalling market [note: this is where being smarter than a chicken definitely comes in handy], but because there is so much imbedded value in sle's share price - with a material portion of that value in cash and cash receivables - the imminence of the new evacuation infrastructure (and new drilling don't forget) is so dramatically increasing the value of the overall OML18 asset at the same time, that the incentives to leverage and ultimately realise that cascade of value are becoming irresistible. In the meantime I think that, while the drifting share price is painfully frustrating, this buyback period is not only helping a year-end tax loss/margin-pressured seller to reduce efficiently, but it is also allowing a smart buyer or buyers to build a position outside the company's buying.

Sorry, I should have taken a moment to highlight this gem: '....Now it is small private investors fleeing a company that isn't to be taken seriously anyway and therefore it isn't a problem if they're throwing away $2m of their cash....' Honestly, there really should be some kind of digital sign attached to these message boards: 'You must be at least 'this' clever to post here' and there could be a picture of a chicken or maybe a rock, anything to at least insure that no one has to read something so patently moronic ever again (the most painful part of course is that you seem to think sharing some glittering insight). Here's hoping.....

The only even remotely sentient part of your entire post was basically a petty attempt to own me over a mistake of 5%? Otherwise, the usual gobbledygook. And that took you all day to compile? Wow. Sick burn

I only 'add' when you write something, um, not so smart, and i'm afraid you've got a knack for motivating me a bit more every time you post. Nothing you wrote makes any sense as you continue to betray a shocking lack of understanding about markets. The volume since the buyback began has significantly EXCEEDED the company's 100k shares/day and i'm trying to explain to you that much of that has been absorbed by one or 2 buyers who have been patiently putting up bids, particularly off-book and building a position. I'm sorry, but the rest of what you wrote about how the buyback is being 'handled' (huh???) and 'desperate sellers' is simply gibberish.

Meantime, if you really want to engage your forensic talents, why not try and determine who the buyer may be? While it's certainly true that since the buyback was announced, the share price has gone down a bit on a seller using Cantors' buying as a 'liquidity event' , it is also pretty apparent that, obviously outside of the company, there has also been a very patient buyer sitting on the bid, dealing primarily off-market, building a position. Wonder who that might be?

This exaggerated modesty routine of yours is a bit tiresome, if deserved. This is a silly discussion, which you're trying to elevate to something relevant. Even if the seller has a million shares, they are 'small' insofar as they are neither an institution nor a market maker, but a private holder. As for the 100k sales each day, it is likely related to, for the time being, the seller filling the company's daily demand, which is obviously a known quantity of near enough, 100k shares.