Member Info for bo42

Can't wait for that one.

We all know something is badly wrong. We just don't know what. I guess when we find out what it is, it will be grim.

'Another month or two''. We already had some declare Jan 11th as definite. I'm beginning to think the rampers and the de-rampers are the same team. The same people. Pushing it up and down to shave small profits.

This is bang on. The real reason for the announcement.

It's big of him to put his reputation on the line like that.

It's a statement, based on, I assume private knowledge, that will get tested on or around the 10th.

'Back log of approvals', 'sitting on the desk' etc. It could sit on a desk for a very long time and never be executed.

We all want this to go through but the delay does not make sense unless something is very wrong.

I don't think the delay can be dismissed any longer as 'just one of those thing'. Something is cleary wrong making Cameroon not wanting to sign it off.

Chatgpt can do that for you

They've updated their price target from 0.13 to 0.16

Commiserations to everyone;
though most of us were taken in by the narrative and the marketing.
Credit to those who were not and left around about the time of Badile.
The warning signs were increasingly there: Luca being sidelined, Marco and friends leaving, the trading plan,
the valuation fiasco over what 1 tcf meant, the increasingly shifty look of JP, JJ and B (now we know why they barely bought any shares!), the JV, which is management abandoning ship, and so on.
I think anyone still holding will be diluted out of existence and only after that will more gas be found.
I always wondered how the small PI would be shafted and this is clearly it.
I still believe this was a deliberate policy and that JP will work again with big outfits because he has done well by them. Maybe some PI from here will turn up on another JP board warning
about him, only to be dismissed as a bitter crank. Imagine that!

With hindsight, when Continental disbanded to free up selling off, we should have read the runes better and done the same. All credit to them. I still think Morocco and some large owner will do very well with Tendrara. The small pi, us, will
be lucky to get our money back, or make a non life changing profit.

This was worse than I expected. It looks like 21 tcf is now effectively 5 tcf to sound and only if they prove that with the drill bit. If it is largely 5 tcf via seismic at say 10% value, we will be lucky to get to 1 pound for everything. Quite a fall from expectations. I found JJ incredibly slippery.

On this algo stuff, I just looked at Tullow and bp and they are all algos! Looks like the algo theory is nonsense

You are wrong. From JP many times repeated, the uplift in the LE was to come from seismic.

This now looks bad. To be told, after so much seismic, that there is no value to our exploration portfolio outside of TE 5 is grim indeed. This looks like Aim stock. Were I a cynic, this is what I see. The hydrocarbon province is there. The failures are deliberate. A super major or Government has bought off everyone that matters and we will be sold for peanuts. Luca was forced out. Brian and JJ brought in to do the dirty work. Sad, but locked in.

Now we know why the drilling is back to back, just in case this happened.We just get right on with the plan, instead of considering the wild, knee jerk ideas, resign, sack etc, swirling about.

Disappointing.Was not expecting that. The seismic problem is worrying. I assume the half dozen prospects like the A structure are now dubious. To be fair to JP he did say , in that last speech in Morocco that he was not expecting all the drills to come in. But pressing on is the right thing to do. Calls to abandon the program are just stupid.

It has been a weird weekend. It is actually possible that today we will know if we are going to be much richer to come.
How bizarre is that!

This is the only weekend where it probably will matter if you are in or out.

Famous grouse is a very good blend. There was a rumour once that Macallan was in it. Not true. But an indication of how good a blend it is. If you want a malt that combines the iodine and the peat and the honey, Bowmore is the one.
Any Springbank is excellent. There is a map of malt whisky production over the years and little Campbeltown dfwarfs everything. So anything from around there will be good!