Member Info for Charlie156

Montara was June 22, so they've already had over 3 years to recover from what was let's remember a 30 barrel oil spill. Since then there have been repeated false dawns, each time you lose a little bit more belief in the company, as they fail to deliver again. They've replaced CFO's, CEO's and the incompetence continues. I've concluded, as well as poor management, it's the business model that no longer works. Blakeley made a packet previously, but decommissioning end of life assets has become prohibitive in Australia, and whether Skua produces 10000bpd, the cost of closing those two fields hangs over the whole company.

I've written off my investment here, I'm just curious how it all ends.

They will release a RNS for the first month with average production of maybe 4500bpd, then production will gradually drop for the next 3 months and then fall off a cliff. Look back at the last Stag infill. Roxi this forum functioned a lot better when you had a sabbatical, I'd almost forgotten what a plank you are.

The share price reaction will tell you if it is a bogus comparison.

The company has a market cap of $150m, and where every cent matters, to spend $100m on a drill for 3500 barrels is criminal. Initial flow rates will be over 3500bpd, but that will soon drop, and I am confident the average production for the first year will be well below 3500bpd. Possibly the worst managed AIM oil company.

There is not much of the dividend coming from SASA, I hope the brains behind that decision to buy the company is not involved in today's bid.

I've finally worked out the most time efficient way to use this forum. Check in once a day, see what Bamps has written and clear off.

Reading that, I thought he'll be back, but I didn't think it'd be less than 3 hrs. He posts on the other forum, so he'll just double up on his output over there

If it's any consolation I've just had a look on the ADVFN forum, and they're far more bitter and twisted over there , although it leaves me wondering if there's been a mass breakout from Broadmoor, that's gone unreported.

Got a quote of A$7.02 for 2000 shares, a smidgeon under £3.44. They'll be 20p cheaper today.

The tiny buybacks have to date been a bit of a non event, averaging circa £5.9m p/d. That leaves about £15m p/d to be spent up to the next results. The dividend should be increased by a minimum of 5%, hopefully 10%, to make up for the weakness of the US$.

Comex copper might be trading at over $11,000 a tonne, but LME is under $10,000.

Bought 10,000 shares.

What they're after is another Kounrad, which they are never going to find, and if they did, would cost $1bn+. They are more likely to find another SASA, which to date has been a poor acquisition. Shareholder value would be best delivered by running down the life of the mines, buybacks and with a favourable wind regarding copper prices over the next decade shareholders would be generously rewarded.

There is such a vast chasm between the smug, self congratulatory tone of a BP earnings call, and the market perception of the manifest failings of its incestuous management, a £5 offer would suffice, but looking at the falling NY price, the story looks a non runner.

He's probably got an account on LSE, trading under the Caitlin pseudonym.

Congratulations, dumbest post I have read in a long, long time.

You've been ramping the bejesus out of this for ages. If'Someone knows something ' is the best you can do, I'd give it a rest.

Ii paid out midday Friday.

I'm more comfortable with the A$1.2bn figure, but would not be surprised to see A$1.5bn as the final figure. They are about halfway towards that total, and in another 12 months with gold averaging US$3000 should have the funds needed.