The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Christine Taylor's post: -
'Pboo. That looks like a crane, not a drilling rig? Are you sure on you opinions dear?'
Christine T , If it was a jib of a crane (which it is not) it would have to be structurally bigger and more robust in its transverse dimension. It would also not have a flexible pipe issuing from the end of the (JIB).
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Well Said GreyPanther. The big question is 'From where is Rathin's Board to get the money?'
Rathlin have shewn neither speed nor imagination in this field!
Ideas welcome ??????????? ....................................from inspirational posters.
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Hi Box,
There is momentum in Aviva's SP and it is a brave person that would ADVISE you. I have a smaller holding than you and something has generated an impetus in the SP. For my part I am not taking profits yet. Results are not far away and I am waiting for them. Don't take this as ADVICE!
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Good 3Q figures, currently 72nd place in FTSE100; yield 4.65% but hopefully due to rise with increase in AUM.
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Hi GP,
I would like to believe you are right but in my understanding is that the word 'Gross' in front of any output figure means that it includes water, sediment at wellhead temperature and pressure. Maybe the text of the RNS was drafted quickly?
I have emailed DB to clarify.
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'From 14 December 2023, the surface pump rate has been incrementally increased, resulting in a material uplift in oil production rates, with a gross average rate of 670 bopd since then, and 674 bopd recorded on 17 December 2023, over a 24 hour period Jet pump is capable of handling up to 1,440 barrels of fluid per day'
My understanding is that the Gross average of 670 bopd includes water, sediments measured at the wellhead delivery temperature and pressure.
What is unclear are the words '674 bopd recorded on 17 December' which may be nett? Otherwise the increase in rate is minimal and would have started on 14 December at 666 bopd approximately? The latter does not fit in with the words (material uplift) used.
So back in FTSE100. The tracker funds have to follow - Good yield - Good management - Jump aboard'
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Directors could be honest with their shareholders?
So the three weeks became 9/10 weeks. Did our Directors fail or make a mistake?
Please can't someone, DB?, tell us what went wrong?
Miscalculation? Problems down the well? Did UJO pay the bill? Was the contractor on a penalty clause for delay or was it cost plus?
So we now have the good news but, we, the owners of the Company, are man enough to hear the bad news. Now you can tell us without it affecting the SP!
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The Board keep buying the shares now 27.7% Discount to NAV.
Who is right, the market or the Board?
Anyone fancy a 38.3% rise?
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