Member Info for bransonbull

E_AL. Do u still own a shedload? had impression you're in the industry too. You think some more positive news could be on way?

CMD to today:

Time duration: 3 months
Brent recovery from bottom: another 3 USD and it will be 300%. Wait for the SP to catch up....once production stabilised.

https://www.investing.com/commodities/brent-oil

When you consider it was around 16 USD when they made the CMD presentation, no wonder they looked a bit shell-shocked. When Brent hits 50 USD, do the maths @ 15ks a day.

....strikes me as a shorter looking to go long. Talking it down until he has accumulated. Textbook Barbara Cartland and Geoffrey Archer. True literary giants...NOT

A bit like sovereign oil producers, everyone hoping POO will pick up then. With the economic and demand-side stimulus expected in 2021, it should do. They will simply renegotiate the finance. Many risks around production, but if they can stabilise this, and knock the bonds back a year, at 50 USD Brent and say 16ks a day, we should be generating significant T/O and some FCF

Dear Chevron. BP, Shell
I would be willing to lower my usual bar and take 50p per HUR share.
https://www.nytimes.com/2020/07/20/business/energy-environment/chevron-noble-oil-mergers.html
Oil demand US to recover in 2021.
A macroeconomic observation. 2020 GDP Europe forecast to decline by 7.5%. 2021 forecast to increase by 4.7%. So...the rebound ought to lead to increased demand and higher prices POO

Let's have a +++ RNS. Getting fed up with those wishing this down. It's irritating. There is a potential growth firm here that could be globally leading and innovative in offshore, deep sea FB, and people are trying to cast every doubt and aspersion under the sun to talk it into oblivion. I've listened to the CMD and the Q&A. I aint selling....

How many oil companies producing dont have debt? Mid 2022 is ages away

And part due to their base case as to where the perched water is coming from in relation to 7z (above)

so well represented on the BB today.

I'm looking forward to the production update. As for perched vs. acquifer, listen to the CMD Q&A last 5 mins. Addressed there. Sure, it's not legally binding, but it's the evidence they have at the moment which is part-temperature, part due to water volumetrics behaviour on well start-up.

Why not email and ask? Atb

Do you have some contacts?

My experience is mainly reading the BBs for info from technical chaps about perched water, the aquifer, blowhole flowing pressure, etc. I personally bow to the superior knowledge of our techies. I cannot tell the difference between sparkling water, the acquifer and eau de vie. I had hoped we would be producing oil mainly, but I'm finding myself spending my free time reading up on water production and productivity indexes

I'm nervous. Next RNS will either see a major rerate or more uncertainty. But as the SP is so low, even in a worst case i can see a low-ball TO i'm staying in as i have big cojones.

My av. was close to 40p and remains 45p in my SIPP. i averaged down to about 13p in other accounts...

Could it get back to 45p? Yes, subject to uncertainty being gradually dispelled.

IMOV

Oh and Solan producing 1700 b4 the additional well was drilled. That puts 15ks a day in perspective, n'est pas?!!!?!??!

Solan cost a couple of billion almost and produced 5,000 / day. HUR producing at 15ks. PMO drilled another well to bring that up by an extra 10ks so you guessed ,15ks BOPD. So .,.......if we can get sustainable production of 15ks that isn't too shabby.

Finance can be renegotiated, just ask PMO and TLW.

LOL! Draft and Mathematics are both amateurs. An increase in shorts? Can you tell us what 0.08% of a 115m market cap equates to? Diddly squat. If shorts were at 10 to 12% or Brent was at 20 to 25 USD for a sustained period, then we would worry