Member Info for CUPHALFULL

And NEO and/or Repsol will decide according to which way Starmer flops on government NS O&G policy - advised by Reeves - or her replacement.

Lets hope Matthew Parris is right about her 'untouchability' , but politics has a way of stumbling along with accidents and unforeseen events cropping up.

Not necessarily unrelated to the price slide is the UK's deteriorating economic health and the fate of Chancellor Reeves.

We may understand that she is little more than ' Rachel from Accounts' but as I have said before in this Labour administration I believe she represents the best chance of the NS O & G industry receiving a realistic assessment of the industry's importance to the UK.

Her demise would mean the far Left had captured control of economic policy and they would just double on on ' left wing solutions' - e.g. more 'windfall taxes'

Writing in the paper today the departing IFS Director Paul Johnson bemoans the lack of realism amongst back bench politicians regarding the economy with Labour MPs calling for more borrowing and Tory MPs calling for tax cuts .

He writes - " In these circumstances its not so hard to see why the markets in UK gilts wobble at the slightest indication the chancellor and her Fiscal Rules might be under threat. It does rather look as though she and the Treasury are the last bulwark against chaos "

What destiny awaits JOG if Reeves falls and Starmer is increasingly pushed towards the plughole by Rayner.

You are seriously over-exposed JamesSimon, and your proclamations have the tone of panic.

I think Reeves' problems are of concern for JOG holders.

If she were to go, the Left would be advancing in the Cabinet while any realism with regard to NS O & G could be receding.

Rayner would have the wind in her sails and it might well prolong and rekindle .the political life of Milliband.

Greener 101 - get a life.

So sorry to see you go Dick.

Not only are your posts packed with expertise and insight, but your observations of the world are spot on.

To all that you added wit, bringing your good personality to the fore.

Wokery is very much a minority element on this board, rearing its unwelcome head only very intermittently, - Dick, please reconsider.

Well Kemi Badenoch for one, wont be voting Labour - unless EVEN SHE has lost all confidence in the Tories,

Its an ill wind..........

@ Milano - " Does the latest 'nugget' of news increase the potential for £10 a share or is that wishful thinking ? ;-) "

Definitely - without a shred of doubt !

I think when our boat finally comes in, all of us who have followed and benefited from DU's expertise should club together , buy a Happy Eater franchise with accommodation attached, and present it to Dick.

@ Couerdelion - "... I'm now in a position where I can buy back on any SP dips. "

Lets hope subsequent dips are not nevertheless at a higher SP than you sold out at.

Seeing the left-wing Milliband having to embrace Sizewell and nuclear power is quite encouraging for oil and gas.

Re: Seav - " Does that mean it's dead money for another few years? "

YES, That's the way I see it Seav.

Worth hanging on for, but inflation will have eroded pay-off value by the time we get it.

Of course JS, its obviously FID we're yearning for - however its not guaranteed ,and if it comes it'd unlikely to be soon.

Thanks for your info FJ

Alsoppc : What to make of that ? - doesn't accord with sensible assumptions.

What news, Greener ?

Hello MPO818,

That is so, the industry ( and therefore the Country) has suffered, and that delay has resulted in NS exploration and development efforts in general being cut back - never to be got going again - this is of course appalling for our Country.

Jobs needlessly lost, government tax revenues lost so stupid British governments can pose in front of the World as morally OK - as if the Rest of The World were interested - its a fantasy of the UK ruling establishment that they have sway over the ROW, but its a platform they push with the UK electorate to retain power.

A hard refocusing on the interests of the UK population is required - its what our politicians are supposed to be there for - not themselves.

Turning to less important matters, but important for me as a JOG shareholder of course, if JOG comes good , my personal reward will have only been delayed by about 3 years from when Simon Thomson of IC enticed me in with the idea of a moderately quick pay-off, and the level of reward ( SP £5-6 ) will compensate for the delay and my ongoing concern that i had been less than circumspect in rushing in.

But I'm not counting chickens - hard to see Starmer chucking Milliband out, and our best hope Rachel Reeves might not be around too long - the Left are rmassing against her.

.

Thank you Surety.

Hello Surety, did Simon Thompson state a target price ?