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They say on a drill 1 in 3 in finding hydrocarbons and 1 in 3 of being commercial, so 1 in 9 for a hit, so XM on 43/45?. So Royston drill, better than 50/50, Kraken, deeper deposits and not so broken than Surinam. They ain't gonna spend millions on a hunch. Like you said if they find it, what we have now is worthless in comparison. If you could ask XM, watch the grin on his face and say nothing.
Scott, XM is a expert, half the post was sarcastic, sorry British dry humour.
I even read his thesis on T and T, l hope he sees through the post.
I talked about the effort we put into this share, you have posted hundreds of posts and l have read all of them. If you do the research the share is not about 10% or price.
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Whats has always been true, follow the money, hence holdings.
What share has such thing as Discord, probably none, tks JM and avid writers.
People have lost money short term, so is there view, all of us have searched our soul in our decision making
over the last three years from 160, wives especially to husbands.
At least we have tried to obtain the impossible dream and put the hard work in, we sleep and eat this share
daily, its not a gamble now but a passion, therefor not for mere mortals.
The gamble was never there, Shell found it, by mistake, PB did his homework with belief. I did mine with drill log comparisons and the reason others failed with there testing then built up my holding as things unravelled.
Should have sold at 160 with hind sight, but any one with a long term view, new this was about production.
I did my jail time 3 years waiting, yes its a **** price, but its water under the bridge in 3 months time.
For anybody that has followed PB and his comments in detail, PB once said what we have now is inconsequential to the future IF it pans out, more bull****.
PB spent 1 to two million surveying Royston and surrounding area and blocs. Then recently decides to bid for a further
5 blocs, god, lots of mad people here.
So what is he seeing that Joe public does not.
Royston drill buggers up, gets oil from top 30 ft and some Mr Whippy ice cream at the bottom, that should not be their.
Average API light oil across T & T 26/27/28, Mr Whippy ice cream comes in around 32, from source rock that should hold nothing unless ?????.
If you like ice cream, they produce that stuff down in Suriname where ever that is by Mobile/Exxon (seems familiar) at around 31/32 API, guess i will be corrected.
Is there a link, Mr Moohan seems to be rocked by it, not that he is a expert but he is very very lucky or not.
Any way off chasing sea monsters such as Kraken and Nessie.
The people here are not in it to make 10% or 30%, they are long term investors most have holding in hundreds of thousands. of £ $. They know what PB has for breakfast, the colour of his pants, the geology, everything, they spend hours
reading this stuff, THEY KNOW WHATS IN THE GOUND AND WHATS COMING OUT.
Most here will be millionaires with large holdings, but not next week, we have patience.
First fact, Joe Blogg aint gonna stick £5k in this to make 10% to feed his family, nor will he spend hours/ days trolling through the information, fact, he will go else where to make his profit.
The value of this stock does not exist, depending on the research you do or your belief in your own judgement.
The bull**** as you put it, the punters here cannot string a sentence or use a calculator or they are well informed
have a education and have money to invest, WHAT ARE WE.
Bit more bull****, lets use a *** packet, the cigar box is in humidifier.
Other crap wells produce 1500 BOE
Coho (**** thing) Produce 1500 BOE
Casa1 (bit better) 7,500 BOE
Casa2 (not properely investigated) 7,500 BOE
Lets say 20,000 BOE x 25P x 365 days Net to us= £185 million profit, company only worth 200 million, so
no price rise there.
Then we have Royston full of water or oil or gas
Then of course we are drilling numerous production wells not skinny ****ty exploration wells.
Really is a ****ty share, but l will take my chances with the mug punters here and the other 100 drillings.
All comments needed, say nothing, get nothing. I believe comments do reach management. But if you want a riot here talk about seeing a doctor in UK or pot holes.
Other wise life is good here, with things to come, time lines we never control.
This is my take on this, he said by the 25th the rig will be ready ready for what. That deadline was under advice by the drillers, probably by estimate, which it was. The inspection would only be trimmed when the rig was ready and dates put in. If the inspection is by NGC, then how long is a piece of paper. I think PB does his best with the information available, as in the past we have torn him apart for misleading dates.
Seems to me alot of hot air running around this room. We have waited years to get here and we moaning about and precise timetable that has never happened. Cool heads here guys a few weeks ain't gonna change our lives YET.
:) I don't have a trophy trophy cabinet, sold it for some daft shares here.
As for blood sports, different countries have different ideas, in UK you can't own
a water pistol, USA very different world. So Sturm is very safe and he posts well other than the cats.