The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
**** its a different well...
Work also continues on an artificial lift solution for the C-77H well. In addition to the progressive cavity pump ("PCP") solution, the Company is evaluating a cheaper and more readily available jet pump system. The jet pump solution is also being evaluated for installation on the C-19z well to boost oil production.
"An order for artificial lift equipment for the C-77H well is being placed with PCM, a world leader in progressive cavity pump (PCP) equipment. Delivery times are currently being finalised."
1st of Dec....
they had a viable solution.
Exactly Gordon, they are still evaluating and don't have a viable solution in 6 months of burning my money they seems to a lack progress in what is happening even among the things they have full control over, it is in defensible.
If i was their CFO/FD I would demanding updates on progress daily until it was done to make them accountable, as it is I detect no urgency at all in what is being said.
They need a CFO with teeth.
Its okay we will just dilute more.
Work also continues on an artificial lift solution for the C-77H well. In addition to the progressive cavity pump ("PCP") solution, the Company is evaluating a cheaper and more readily available jet pump system. The jet pump solution is also being evaluated for installation on the C-19z well to boost oil production.
We are over six months in on the new drill and they still have got a solution or rig sorted for the condensate! Yest they are wasting time and my money on CCS a at best long term project that is in concept stage.
Roland will be gone before India agrees and CCS Scheme frameworks...
It 5-10 years away at best i would say, utter wastes of everyone's money and time, get the farm out sorted off your personal project hobby horse Roland. This is not the company to drive it it does not have the resources!
O the other hand Nettles, people know I am a serious investor, with the technical skills/experience to understand businesses, evaluate risks and even more so I have serious skin in the game.
I know i am not alone in here under the general chatter there are some more like me.
I say again £2 to 2.50 by May 2026 was my aim, when i bough in a
Going big into Rolls Royce if you have a long window to allow it to recover is not as risky as some would think, as the government is committed with strategic very long term contracts that means Rolls Royce would never be allowed to fail.
The built and maintain the engines on our aircraft carriers, with an expected life span of 50 years for instance.
I think like Lloyds, Rolls Royce is government backed finically they got a massive cheap government loan when they needed it in covid.
I value and congratulate anybodies successes. There success have encouraged me to try myself.
Being an accountant with decades of experience means I have lost the normal social stop about talking openly about money, both gains and losses.
I been in hole a similar amount earlier this year.
Anyway it’s up to you, as I would celebrate ?? your Success not borate you for sharing in a board anonymously all about investments and money..,,