The reality is !!!5 Dec 2023 15:19
The reality is that this outfit has proven themselves incompetent on the various projects done over the last 10 years, in that they have failed to deliver any value of any note in anything.
OK, they had a bit of luck at HH, in actually hitting a little pouch of virtually non commercial oil, managed to hold on to that like you would hold on to a winning lottery ticket, while they shouted from the roof tops how it was the "flag ship" of the company, but in reality it is bordering a failure as it slowly washes out to water and those fractures drain out to nothing.
BB is about as dead as it gets, and this wild Turkey shoot is nothing more than a string along of nothingness.
Bring in the "emergency services" the Stetson wearing King of P&D to make a last fast buck on HH, not oil, just the run up and the rampastic efforts, they don't need to deliver, they make their money well before ermmm results... and disappear into the sunset just as quickly.
In the meantime, prepare for confetti consolidation, and switch to renewables lol.... simply because you don't need to find anything, which is good, as this lot couldn't find oil if they were stood in it, but the whole renewables is just a play for them, a way of firing a few hefty placings over the next couple or three years, make money for their pals and themselves and actually do nowt of worth.
No one actually WANTS any of these companies to fail, but they have proven themselves incompetent not for one drill or a year out of the 10 years they been milking this, but for the whole lot, every thing they touch ultimately is a flop, and that is why it trades 40% lower than it did even near 10 years ago, with enough confetti shares to give every human on this planet 3 shares each......
£110 million spent in that time and
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