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If this were a traditional North Sea play, with our current identified resources, we would have been snapped up by now. It.s the FB aspect that has dampened any full on takeovers ( Spirit ... turbo development scheme) Any buyer would want to see the full foil results first ...but they.ll then have to pay big time for the honour. Dr T will want some blood for his wee bairn ...
Not good ...continued weakness despite major ramping. My serious question has to be, who.s selling? I have a theory. I believe there are a number of ii.s trading Ukog. The volumes we.ve seen, the massive volumes, cant be all pi.s unless you.re all trading which is very, very difficult to do in a tumbling mkt. They.ll never be a tr1 due to the silly no of shares in issue. Any ii can easily play here, and keep <3%. Keep watching that rather too easily manipulated sp ...SETSSQ trading platform sucks ... Angs ... finicky Weald showing its colurs yet again? No guarantees acrois the area for me. Oil.s there, will it flow in above nodding donkey vols? Juries out.
Needed to be done ... might make some stop and think before bailing. The recent sp slump was clearly not expected. Nothing.s changed. This act was aimed at steadying the sp. Will it work? Not if there.s a serious us ii still shifting stock. Let.s hope his purchase coincides with US stoppage of selling, then we might get a decent run. We.ll see ...fingers/toes crossed.
Ocelot ...'no of shares in issue is irrelevant' ..mm... no. For any given net profit, less eps. Are you being serious my feline friend? If you focus on assets nav/shares diminishes too. How odd. Also, when predators strike, and you.re at exhaustion pt(no cash) they will buy you out for zilch, do further raises, consolidate and you.re scuppered. So, Ocelot, it is important.
We are like a salmon making its way up theTyne ... struggling through the lower, less pleasant reaches, before splitting into the North and South Tyne ...premier rivers now, after dreadful heavy metal pollution of yesteryear. The spawning represents positive net profit ... coming soon in a set of accounts ...next year ...
Ah, but Biffa, you werent around when ,at investor presentations, Dr T was smiling/looking confident, when asked about the Q4 18 Foil possibility, about the AM upgrade and ops, but wouldnt commit - with hindsight wisely. In fact, some here might back me up on my thoughts. If Revandy is still aboot, could he not post our punters' beloved Foil date expectations? This will show how pi.s felt at DrT.s 'clues', at the time. Biffa, you seem to like hindsight and guess you have been caught with your shreddies doin trading here. Fear not, we.ll he on the up soon ... my tealeaves say so and my Welsh Saddleback is facing The Cheviot ...this never happens simultaneously. Tk care and good luck with your trades.
Argus ... i.m jealous! I.m a poor Geordie ... I.ve got a preppers camp in a wood nearby... but I wouldnt want to live there. Good mushrooms in season, water okay, hammock +net canny, nice whittling spot, good view and it.s free. Well done with your investments - canny goid ...so far.
Sage ... good luck with that analogy. Everyone can have an opinion. I only fight for the right -to party, mm - the right to express an opinion. Use the filter by all means, but above keep pleasant , like yourself Sage. Good luck fella ...
Russians / Ukraine ... plenty of politics , diversions gannin on ...
Yankie futures looking v canny.
Morning Argus ... Hurr is a different beast ...it.s an FB play. It.s got a farm in too. More linked to poo than ukog purely on bopd predictions. It.s flowed at wsy longer rates than your beloved Ukog by a long shot. FPSO in Rotterdam. It really is like comparing Barcelona with Gateshead FC. Ps someone earlier said it takes £1 to £3m to drill a well on ukogs turf ...if I were a cost consultant, I.d want to know the reasons for the gap. Yanks to open in a couple of hours ..kp an eye...this is when the fun starts these days. Check poo ...oh, and donkey feed futures ...eey- aw ...
Hi Biffa ... stop the sniping ...i mentoned poo in my post. Gee ... We.re in very uncertain times, generally, anything could happen. Keep calm and carry on ...
Amz ... i totally agree the Weald is being proved up ...that has never not been the case. The likelihood that oil can be extracted is now proven. But, a big but, can the oil be retrieved with a decent level of profit for the mkts after costs? Will existing pi.s become exhausted in this proving? Will some bigger body come in and take you out when you.re on the bones of your butt, with a depressed sp? This is a real danger. Or, is the Weald play just a small nodding donkey zone? Which way will this fall? We have to wait.