Member Info for dai2belts

I think Kevin meant fully testing...
I take it the well will be finished for re-entry, rather than another well being drilled?

I see UKOG have very good rise from their CPR in advance of appraisal drilling, so this has plenty to offer later in the year too...

Whats the likely news flow... expectations here
Drill, logging, and likely good oil shows, a little later the analyses, ....?

@KevR
Lucky you did'nt take a shot
https://invst.ly/-c0ww

88e, still nobody pushing the risked share price, makes me wonder what it is..

Now that holding for more habit means your not going to get left out when the pump starts ;)

So Prem needs to go into the miners calender, and UKOG into the oilers... job for later.....

QFI, the BB have cut down significantly on trolling itself ....Talking MSC now..
Tro also shouted the low....

@TTS, you got to be thick skinned on these BB's..

He1 certainly cant do the math on costs, World Class Team, lol

If I recall correctly, originally, but depends whose version of funding you follow..
£5m, phase 1 Exploration, ( 3 wells )
£10m phase 1 Appraisals ( 3 -4 Appraisal wells), and extras....
· Appraisal well drilling: £2.4 million
· Enhanced well completion: £0.5 million
· 3D seismic programme: £3.8 million

Feasibility Studies and licence fees: £1.2 million
Additional operational contingencies, working capital and expenses: £2.1 million

Now we have £10m
1 well, appraised, with production casing, maybe well head..

lovely, thats my specialty lol

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88e, whats the feeling......
if it does not break a penny, we have to ask where we got our expectations from....?

Been out played so far, holding for over expectation, and not fully loading early.
Then calling the raise spot on but not selling the high before to buy back cheaper..

Still the dumb money ;)

@Horult, its an expensive game, I bet there are some playing this very well, and making a killing...

@KevR, Mmmmmm, next time, if its not negative, on a bit of a low, then its maybe worth risking a small loss..
Perhaps, up early find a RNS, share here, debate...
Thing is, sometimes they move to fast making that risk of a loss bigger in minutes, sometimes that rise turns into a sharp short spike

So they have their CPR, flaunting the next drill, by June 2024, I wonder what the next news will be ?
Could be like He1, pump on news..
Worth reading up on....opportunities I think....

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looking at wrong ticker,
UKOG Nice rise on RNS, missed that..
Good news for the future..so was unlikely to fall. worth a punt...
Will be interesting to see if it holds, as drilling may not be until next year...

Must remember UKOG for calender..and check if its onshore fracking ?

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Gcat 0.2837 to buy
0.25/0.3 20% spread
Not been checking the quotes, even though bid is below 52 week low....
So much to see everyday..
UKOG, Pump and Dump on RNS, missed that..
Good news for the future..so was unlikely to fall. worth a punt...

and maybe there were costs to pay, later half of 20022, like licence fees to the Tanzanian Gov,
will just have to wait until the next accounts

@deep100, about half is accounted for in the last set of accounts, the rest not mentioned, but that Predator fiasco must have cost us some ?..

@Deano, I keeep thinking how cheap fuel is today, at about £1,49
Yet still significantly more more than a few years ago when oil was well in excess of $100 per barrels, but its around $80 now..
Perception hey.. wonder if the same will happen with our household bills..

Right enough moaning, and back to loosing money, wheres my next AIM scam

There will be people out the who will have in excess of £100k, but have been unable to add for years, as they simply have no more spare cash, on low income, even no income, life changed for them..

Others who may have well in excess but are drawing it down after spending their whole working life building it up...

Out of work would be investors, trying to stay off state benefits would need in excess of £100k

And for those fortunate to build £1m, then they have more than likely paid way more tax on their income than the average guy...and probably in VAT too....

If your fortunate enough to get a 10 bagger or two, why should you pay the Gov more,
You pay duty on your investment, not your profit, they collect whether you win or lose..
They dont return your taxes on a loss..

Just because somebody has 100k in an ISA, does'nt mean they are wealthy, especially if they have a mortgage, while late in, with a low value pension, its not going to last..

That Think Tank, blinkered, with their narrow view of the world..

Energy prices, moving that cap, and now our domestic energy companies are reporting record profits, well the Gov will have benefited from not just their profits but the extra we paid in fuel VAT...

That windfall Tax, 75%, is not a one off, its continuous,
So if those Big oilers are reporting record profits, the Gov is collecting record taxes from them
And Gov is still looking to collect more, ....

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IOG I could have bought last week 4.7p, yesterday 5.2p buy
SYME, yesterday 0.052, 0.575 to buy this morning

>>>>>>TRP bounced, second time after Tro shouted it <<<<<

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They are a sweetener, in this case 50% extra free shares if the company does well..
I think that must be the share price mover,
Also Directors and other PDMRs are intending to invest approximately £50,000.

I dont see any lock-ins or discount mentioned, just 0.6 per share, not sure what will happen if the price keeps falling...

So UKOG, rise is based on a CPR for future appraisal drilling... Must get that into the calender...

In accordance with the revised RA programme, the Company has agreed to commence the Loxley-1 appraisal well by 30th June 2024. Loxley-1, designed to confirm the commercial viability of the discovery, is planned to be completed as a future production well,

So might be worth checking if DELT, will be having a CPR on their discovery, maybe in advance of any future appraisal or whatever....

@sdg1970, your smart by choosing assets over cash, right assets of course.....

Worlds bonkers... Our leaders unbelievable stupid..
EU, depending on Russian energy , while at the same time relying on the US and NATO to deter Russian invasion?

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Mmmmmmm, we missed out though ;)
Beats me...
maybe the fact that the warrants execution price being 1.2p suggests the price is going to double...
While I think at the moment its pie in the sky
but it is so far into the future, maybe its safe to assume for now that 1.2p will be in the money..???

After ready the possibility of the 100k limit, you had better reduce and send some my way lol..

Oddly, a little while back on radio 4, I caught a little of a discussion, saying those later in life are financially better off than those starting out, so should contribute more..

That ISA thing is the same, 30 years saving with interest, I doubt that amounts to much than a £2000-£3000 deposited each year...If the Gov wants to encourage saving they should make up any shortfall in value due to inflation, not be adding more tax..

@sdg1970, our savings are already taxed through the result of their quantitative easy devaluing money.
Now inflation is reducing excessive Gov debt created by bad policies, lucky them, but unfortunate us as it eats into our life time of savings,
That money, 20% of your annual salary, put away 30 odd years ago, today wont get you much at all.
Thats not saving, thats being stupid, but we all fell for it...

Modest savings, put away for the long term are a waste of time, as inflation is so much more than the interest paid, so the value dwindles significantly over time. Even when inflation was not really high interest rates were still too low for your money to maintain its value..
So your better off spending your money today while it is at full value if you dont have much spare,.
Other wise your going to get caught by inflationary cost increases and higher labour charges.. Spending a few years saving for a house restoration, only to find costs have doubled... wishing you took a loan instead..

So not only inflation but more tax

All reasons not to save for tomorrow, unless you have significant excess income
Not sure how limiting ISA to 100k is going to help those who dont/cant save, or those who have their life times saving in an ISA, which is worth way less in real terms...