Member Info for cat5

I will be very embarrassed if I get this wrong, but as I understand it:
The tax offset is against start up capital expenses, and they can be recovered against future profits, which is why the company has to be trading to recover them.

https://uk.investing.com/news/commodities-news/eu-meets-opec-amid-calls-for-oil-output-increase-2623185

Many moons ago when our SP was around the 50p area (and I don't think we were actually producing) someone said how can this be worth a 1 billion market cap (at that SP). At that time with all the anticipation and expectation I like many didn't take proper notice of that observation, and even with the disappointment of the Warwick drills and the collapsing oil price still had in my mind that the SP (which began to collapse)would quickly recover, but it didn't.
I now look at our current market cap at around £218m, oil price around $100 PB, production of around 9500 barrels per day and what BOE we're currently told we have in place in order to make a considered judgement of fair value.
To my mind I think we're just in the right ball park currently, but with other drivers due to come through, confirmation of the bond holders being paid off, and some future drill plans we will hopefully add some extra pennies to our SP. Traders hope to see volatility in a share price, but as a long term holder I prefer to see a longer but sustained SP growth. It would be nice to see some evidence of proper leadership from our board of directors, I am expecting something significant announced before June.

Hi Sense. I'm perfectly happy with your thoughts of the current HUR situation, however I don't think the Guardian editor understands what is truly meant by "Mutually Assured Obliteration", maybe he/she's into Russian roulette, I'm not.
Mr Zelenskiy and his people have shown great resilience and courage other the past weeks and have clearly learnt from Putin's attacks in 2014. They fully deserve western support with weapon systems and humanitarian aid, I'm sure we all wish the Ukrainians better times. Part of Zelenskiy's job is to make foreign powers feel uncomfortable in order to gain maximum support, but I don't think he truly expects western powers to directly enter this conflict (yet).
The various sanctions against Russia are not going to fully effect Putin's plans or economy overnight, or even (probably) over several months, Putin has planned carefully for this, he is a veteran with literally a world of experience knowing how to turn the screw. However, it will have come as a very unpleasant surprise to Putin that Nato and Europe have/are working so closely together to bring arms and munitions to Ukraine, and the Ukrainians have been able to use those so effectively against Russian forces on the battlefield. Putin cannot afford to lose face over this mistake because otherwise he is finished and all that power (and possibly his life)will cease, but how to escape this situation and claim some form of victory is a massive conundrum to him and his cronies.
Sorry to ramble, just my thoughts.
If Russia attacks or invades a Nato country ( I don't believe he will), then there will be no choice and WW3 will begin, but it will be the last war and the human race may not survive.

You'll need your binoculars out around the 14th May

If only it were so easy...........

It's a six month breathing space, but as said, not one the yanks can repeat too often. Also they may find it hard to replenish those reserves

https://uk.investing.com/news/commodities-news/what-a-180millionbarrel-oil-release-may-mean-for-the-market-2616325

I would have thought with $50/$80m available by July that a future plan of works should be in the system?

When I said earlier that Dark Star may possibly have hit a sweet spot I hadn't realised what a prophet I've become.

We'll see if you're still of the same mind after 7 years, ha ha.
Joking apart, I do think there's still serious money to be had here, you may well have picked the sweet spot.
Best of luck to you, I'm still waiting on a break even.

So long as you're not of a nervous disposition you'll be fine, but this story has more twists and turns than an Agatha Christie novel.

Punchup, me, nah I’m a pussycat.
You’re obviously a bit of a character Sense, I look forward to meeting you at the next AGM and you getting your wallet out.

Hi Noel. At the bottom of each message window there is a "Reply" button, could you hit that please and NOT the "Post Message" key at the top of the page, Ta's in advance

Sorry Howey but I disagree, anyone with a contrary opinion should be heard so long as their view has some meat, I'd rather hear views that differ from my own just in case I've missed something.

I'm reasonably sure $27 was given by HUR as their OPEX figure, certainly the number I've been working with for several years and seems a pretty good "Ball Park". It was suggested a few days ago that BW may not be so happy with that number as our production figures haven't increased as originally thought.
Unless CA want rid of Maris and Co we may have to bite the bullet and accept their leadership after the next agm.
Looks like we were all too optimistic regarding paying off the bondholders unless fandg2 or Penstock come good:
Goldenbadger1 15/01/2022
Tuxedo8 21/01/2022
Topcat81 27/01/2022
Daltry + Senseman 31/01/2022
Stonecoldsol 01/02/2022
DifferentAngle 12/02/2022
Mr Wilks 14/02/2022
LegalEagle1 17/02/2022
CAT5 15/03/2022
fandg2 26/03/2022
Penstock 29/03/2022

Hi Sense, just out of curiosity what make you think getting rid of Maris and co is in CA’s plan at the next agm? because if it’s not, we’re probably stuck with them

https://www.bbc.co.uk/news/business-60812330

We've come a long way since 4th February 2014 and an initial listing of 43p and I believe a market cap of 272m.
Apparently Dr T's first comments were "This time next year Rodders, we'll be millionaires "

Thanks Sense, and a link direct from yours:
https://markets.businessinsider.com/news/commodities/oil-prices-today-outlook-supply-demand-russia-oil-war-commodities-2022-3