Member Info for Charlie156

I'm slightly queasy about Skua. When the FID was taken, the metrics put forward were $62m cost, 3500bpd@$82. The cost has jumped to $100m, partly due to the reservoir being bigger, which should transfer into more barrels, but the radio silence for over 4 months of any data invites speculation. They are not shy at telling the market about the good news at Akatara, I expected at least 1 update at the 3 month point.

BP issued over 503m shares to employees in Dec24/Mar25 and another nice little top up of 145m this month. Billions of pounds on top of a well paid salary, problem is the share price says they are being rewarded for a very average performance.

The CFO said all the right things yesterday, but the lack of investment in the water handling capacity is really hurting the company with no new wells coming on board. Production will fall rapidly in H2 as natural well decline aligned with increased water cut means more and more wells get shut in. The water handling capacity will not be addressed until there is cash flow incoming from the new wells, they teased the market yesterday that the rig could arrive earlier. That is 2 major mistakes by the CEO, who made a large share sale in Aug 25, when he had more insight than the market into future rig developments.

Unrestricted cash up $3.6m, trade payable/receivables net down $6.2m. Confident tone in the RNS regarding future production, but no word on the rig starting date, which the market needs to hear.

Closed Wednesday's trade at £4.244. Barely made more than the stamp duty, but I'm away for a couple of months with restricted internet access, and I don't want this hovering in the background, although I expect the share price will turn higher .

GGP could comfortably pay a dividend today, with all the growth spend and capex included. They would have added over A$300m in Q2 to its cash balance with the stamp duty and unsold gold. Using the stamp duty figure of circa A$50m a quarter, gives a A7.5 cent payout. At today's gold price, they'd still have A$2bn in the bank this time next year .

SD said GGP will be paying dividends, and after Q2's numbers that day is getting closer.

Good company, quality management, great future, just a pity about some of the classless shareholders who continue to big themselves up and have a pop at Bamps.

Bought 23,850@£4.1875.

All the people still moaning about Bamps selling, will one day sell GGP themselves and do it when it's the right time for them. I thought we'd moved on and hoped Bamps,who is by far the most knowledgeable poster on this forum would return and share his insights again, but Element won't leave it alone. He needs to get over himself.

In the past year when oil has been at these levels the BP share price has been under £3.50. The £1 rebate is I think down to BP's retrenchment from renewables and refocus on O&G, and Bumerangue. I sold at £4.44 this morning because I expect volatility to increase,but am aware a positive Bumerangue RNS will add to the rerate

While all that jargon sounds good, lets not deify Albert after just a couple of weeks in the job. I haven't a scooby how the Albert/Meg combo will pan out, it might work or prove to be highly combustible.

150,000oz, 2026 calendar year @A$4200/Oz.

Moy, I'm amazed at the power Manifold is able to wield. Only in the job a couple of months, zero industry expertise and he's empowered to change everything. The Auchincloss/Thompson axis wasn't working, maybe MA should have stayed CFO, but BP was regaining momentum and all this upheaval in this oil price environment doesn't feel the right time. We've recently had an Irish charmer who led shareholders into the abyss, now we have a Irish hitman taking no prisoners.

The numbers say it all, LME copper price today $12,306 a tonne compared to $8833 on 30.12.24. Kounrad having a strong year and a stonking H2, but SASA is not going away. This company is Beauty and the Beast, which makes it hard to value.

Thought you said you were leaving the forum, again. I'm losing count of the number of times you've done that, when the share price falls and punters post an opinion that doesn't fit in with your ivory tower perception. Grow a pair and stop bleating.

O.K, puts not hedges. The sooner they nail down the 2027 puts at these prices the better.

They have 12 months left, 150k oz@A$4200, which I think costs circa A$10m a quarter. With today's gold price, I'd like to see hedges in place for the 2027 calendar year. 200k oz@A$6000?

HI, BP's net debt has never bothered you, but it bothers the market and is scaring off Shell. BP's declared net debt of $26bn doesn't include $17bn of hybrid bonds, which Shell has none of. Shell has $28bn of lease obligations which it includes in its net debt figures, BP has $13.6bn which it excludes from its reported net debt figures. Add on $7bn of GOM payments to come, and you get a net debt figures of $64bn. Then there is restricted cash, provisions and write downs to produce a really scary number.

Now, that is an easy on the eye RNS. The market will like it.