Member Info for cperkin

Pathological....

No one ever said they were Dan, well other than you (more made up fantasy) Like I said it is you who had a post count of 99 posts in 30 days on a share that you say you are not invested in, oh but wait now all of a sudden after several years you are a demon trader and were lying about not being invested

So you were lying then or are lying now...well what a surprise at least one thing is constant, the lying.

Dan, I feel no way emotionally invested in this share or any other, in fact this is no where close to my large holdings in divi paying companies and on the contrary, clearly someone who posts 99 times in 30 days on a share they are not invested in clearly has a very large emotional led personal grudge.

Hope you get over it, it's been over 2 years since you were kicked out already so I guess you might need a little longer to unwind your grudge based on your History so far.

Good luck, hope you get through to the other side of it without damaging yourself and those around you further.

Dan it is very reasonable response, your post count on this share stood at 99 in 30 days Friday, by far the most prolific poster on this BB and you are not even invested (according to you)
You have inflated Gneiss costs massively, value the Ruvuma asset at Zero and generally talk a load of carp very thinly veiled as constructive criticism.

AIMVHO of course.

Have a lovely evening and I will stick to the RNS thanks.

"An exciting time on the licence which has the potential to prove up substantial gas volumes. As Scirocco moves towards these key operational milestones we are continuing with our ongoing discussions regarding possible farm-down and divestment options, while simultaneously progressing our funding options in the event that we retain 25% interest in Ruvuma at the time of the CH-1 well."

Dan, I would believe an RNS far more than your own one eyed interpretation, that was my point.

It's exactly the same situation that the last BOD were in with respect to Ruvuma, that's why they invited Gneiss in in the first place for funding.

The main difference now is that here is a 2 year licence in place, an agreed work programme which includes 3D, Drilling CH1 and negotiating a gas sales agreement.

The BOD deems very confident ref funding as per the last RNS

"An exciting time on the licence which has the potential to prove up substantial gas volumes. As Scirocco moves towards these key operational milestones we are continuing with our ongoing discussions regarding possible farm-down and divestment options, while simultaneously progressing our funding options in the event that we retain 25% interest in Ruvuma at the time of the CH-1 well."

But hey, lets not let the RNS facts get in the way.

Try this to create a link that will post Krakenoil.

https://www.shorturl.at/

Good luck.

Bottom line is
1.0 They sell all or part of Ruvuma and or Kiliwani
2.0 They don't and they fund the CH1 drill.

The only reason many are here is due to the huge gas discovery and appraisal which in value dwarfs the MCAP.

Well I will be sure to tell the shareholders in his new ventures that he considers a 50% loss to be a good thing.

Dan I am not the one posting constantly on a share I am not invested in for years whilst looking for his lost plot.

Yes suppose we should ultimately blame Dan for that one, apparently he employed them according to him.

https://youtu.be/Fc2-zOwtxeY?t=290

I don't think so Aimster, what I remember him saying is that they would RNS an operational update every Quarter since they took over ops. So we have just had one 2nd Feb, so the next would be in 3 months, so earlyMay.

https://youtu.be/Fc2-zOwtxeY?t=139

Shame he got the numbers wrong, but happy that the licence area is finally progressing!

Production 2021 12% below full year Guidance
Production 2022 10% below 2021 Guidance
Capital expenditure high but production still going backwards for 2022
Debt through the roof.

https://www.lse.co.uk/rns/ENQ/operations-update-t7cuarspsugf6i2.html

Better just gambling directly on the price of oil, better & safer returns.

I don't see WEN splashing all their cash on SCIR's 25% either, it's out of their current price range based on the Zubair transaction anyway although it might be possible for WEN to be involved with another additional partner regarding Ruvuma & or Kiliwani .

Agreed Crusty. So now the tax dispute has been resolved over the licence area it would seem some form of Farmout over KN1/Nyuni would be the preferred option?
Frustrating that the JV have a GSA, development licence and Gas in place with a close route to market & there appears to have been no progress in remediation/sidetrack/new well planned for the reasons you have given.

I seem to remember this was over 3p on the day of the farm-out announcement, the farm-out is complete, 2 year licence in place with 3D in progress and a potentially transformational carried drill expected Q3 maybe Q4 (if you allow for unknown unknowns) never mind the recent internal upgrade in resources.

The main difference now is there are no Government delays, unless M&A by one of the JV interferes of course. Oh and take off a penny for no KN1 production which begs the question, what are the BOD doing to progress this development licence?

But Dan, they just posted revenues up by 28% in the first quarter since takeover, as well as a sound operational update on Ruvuma. How is that "Over promising" as you say, or should I just add this along with all the other "lost plot" stuff, such as 3TCF of gas is worth £0?

Who knows Frank, the Operator say Q3 so September worst case but Q/3 or Q4 makes little difference to me after years of waiting for this back to back drill. What's an extra few weeks?
They still may well of course hit their Q3 objective since they confirm at the moment that is still the plan and they should have a better idea than anyone here.
"· APT continue to progress with well planning for the CH-1 well with key contracting now being undertaken. The operator continues to target a Q3 spud."

· APT continue to progress with well planning for the CH-1 well with key contracting now being undertaken. The operator continues to target a Q3 2022