Member Info for dai2belts

No1, I doubled up, not sure if it was a good idea now, because I believe that money invested in the drill should come back in tax relief from the updated allowance that compensates explorers for that windfall tax.. So their sales should be almost tax free, at least for a year, need an account to help me understand that..
My mistake was using the graph to look at 2021/22 sp, not market cap, since there was 40% dilution :(

Is'nt Pensacola is new play ?

@Kev, EOG, still stinging, along with their 30 days & them seeming so sure I did'nt de-risk on Friday, I thought a few more days, even though I had 10th down for RNS...
QFI, not sure if its being pumped or preparing to move..
PRD, sub 7p incoming maybe, no news of expected events

@Helium, I dont think it was you... lol

@Helium, Thats why it had a road test ;)
The engine that drives it along the road also provides the power to the rig, ..

Drilling a 2000m Deep Gas Well
https://miningandconstruction.com/mining/predator-drilling-system-star-india-2947/

TTS is correct .. The fact that they bring up the optional rig after investing so much time on the predator and mention one of the parties might not be forth coming suggests some oversight... We know so little about this years goings on, and still not in the clear or maybe its just some DM drama

Well if your going to do it, now is the time.. That windfall levy is an extra 25%, and the allowance means they can offset that. Also you could only claim against an investment once producing, now you can claim even if it does not produce..
Its all for a limited time...

“a brand-new tax break for oil and gas producers that will give money back to the same firms that were supposed to be paying their fair share through the windfall tax. This tax break means that oil and gas producers will receive an unprecedented level of subsidy for their spending on oil and gas-related activities. For every £100 an oil and gas producer invests in the North Sea, they will receive £91.25 from the taxpayer.

https://www.tax.org.uk/energy-levy-bill-passes-but-mps-unhappy-with-generous-investment-allowance
https://www.nstauthority.co.uk/media/8210/the-energy-profits-levy-v1-june-2022.pdf

I believe its profit related, so deducted before taxes are applied, over my head..

https://www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022#_ftn2

The rig was for sale, has been for years..As there were non available they took their chances, got its fit for purpose..
So to say after 5 months from announcing the predator they have another option, if they don't go with the predator, after all that work will be beyond beggars belief

I would have thought the negotiating was done before the audit, price and commitments to full filling our drill,
It might available now, but booked soon, unless a retainer is paid..
We have half the picture, maybe its in Texas ;) being sarcastic

Lol, I just compounded the issue by betting on EOG coming up tops, but I predicted the RNS to the minute, not that it added any value :(

Frank Spencer, Betty I paid the man for the car, but it was'nt his, and the owner drove off.. lol

Expedite, He1 must have flux capacitor...

Thanks for replying
I was hoping you had the depths the rig was capable of running each size of casing to..
I believe it is limited to 1100m for 9 5/8" casing
but has been used to run 8 5/8" casing to 1273m

I was thinking since mentioned, final hole size, either open hole or cased will be about 8.5"
Finished for production was mentioned, cant remember if he gave details..,
for another day..

@KeithOz, Out of interest why do you think the new drill will start at 8.5"
Just interested as DM claimed it can drill 8.5" to 2500m, something I have doubts about, so expect if we ever drilled to that depth to be a couple of sizes down..

There is always a smoke screen, now we have an independently certified rig, we have a backup?

@Kev, You timed that right...
Found a bug in my trading platform, logged in early, then at trading time buy button blocked, had to dummy sell to unblock.. not been an issue before ..

Small diameter leading to increase in pressure of drilling fluid at tip, and slow drilling progress, combining to cause washout

No1, AEX starting to get lively, last time I looked in they were talking about a rusty old rig

Not so sure there Tro, seen lots of people ditching the pound, each trade was significantly larger than pre-Covid 2020, 2021, and early 2022, yep the bar was open, at the end of the night they lost every penny down the drain..;)

Not He1....
20% down, thats okay then, I am already there, I can relax. :(
So you think close to a penny, thats pre 2022 price, then settle about 1.6p
There will be plenty of people lining up for a 50% drop, if thinking same as you....

Its good that we have some fun here, have tried in the past on other boards, but I think fun is too far off subject ?
Or I am no longer fun..;)

@Latorre, You have been quiet. So much so I thought that big sell was yours
only joking..