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Sneaky, just to clarify, I'm talking about individual investors that work in the oil industry. To my point we have two here on the board, Oleo and Hardrock. Guys in oil, usually have their ear to the ground for their private investment portfolios. Sure, I could be wrong---wouldn't be a unique event.
tda, for me the simple litmus test for the Beet is an economic well. If the resource is as prospective as the retail shareholders believe, it would be chock a block full of industry professionals realizing the share price is a stone cold bargain. Other than the Sheffields bet, I don't see professional oilmen piling in. And, needless to say, with all the Australian Government hype, the pros still aren't flocking in to establish stock positions.
new, I find it amazing they have set the bar so low as to call 2.5 mmcfd ip to move ahead with production facilities and calling "mission accomplished".
TN, hope you are right with your speculation. But, until there is a clear pathway to climb out from a minority position under Origin, FOG will always be a passenger on the Origin Bus. Now, if POQ presented a scenario whereby FOG 's percentage position could be extricated from Origin's, I think that would give the stock a MASSIVE upwards move (esp. if POQ indicated a new partner (Sheffield) would carry the cost of exploration without a MASSIVE fund raising by FOG. The immediate problem is FOG is close to broke and it's pretty hard to negotiate a gold plated deal when you are begging for alms.
Green, yeah, as a happy ex- shareholder, reading Mr. Cote's quote: "And can we actually drive costs down to where they need to be?" caused me some serious eyerolling. With the exception of Close, Origin has had inexperienced management running the Beet and has exhibited zero competency in the field. Why would anyone expect that to change?
Camelot, it is probably more about diversity than anything else.
Another link to the same story, which doesn't require registering: https://www.yahoo.com/now/russia-war-turbocharging-world-addiction-040103763.html
hydro, interesting reply. It appears your kwatt cost is around twice what we pay. Here's a link that should help you understand the daily operating cost of the mini split. Notice this chart was posted in Jan. in Connecticut. https://www.greenbuildingadvisor.com/question/estimating-cost-to-run-mini-split-system-per-hour
And (I know this is hard to believe) there are laws being written in the Western US to outlaw the use of natural gas in new construction. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/gas-ban-monitor-calif-count-reaches-50-as-west-coast-movement-grows-67732585#:~:text=As%20part%20of%20its%202021,2030%20and%2090%25%20by%202035.
hydro, I put a Mitsubishi Mini Split system in a couple of years ago. We run it year around for heating and air conditioning. It is a 2 ton unit, it works to -17F with no external heat source. We've only seen our temps in the mid teens for a few days at a time. The heating cost for our 1800 sq. ft house runs less than $2/day in the Winter. Nothing else even comes close. The unit cost was around $2,000 US, with rebates and my partial self install my total cost was under $1000. Again, no other heat/ cooling source comes close to total cost of operation.
Bloomberg pulled this up yesterday, with the slant that Shefield was not willing to step up and help keep oil prices down by refusing to grow production more than 5%. Personally, I find his suggests re the Kingdom can turn on the taps more than a little disingenuous: https://www.youtube.com/watch?v=FnnTMlNbfK4&ab_channel=BloombergMarketsandFinance
new, thanks for the Xi post. I was looking around for another NG producer to add and decided to move over to coal with Peabody to cover that base instead.
rfar, here you go: https://www.investopedia.com/terms/b/blackswan.asp
new, hmmmmm, it's a HTHP well, with elephant flares, just because they screwed up completions doesn't mean it isn't massively economic. Add that to the fact the well is drilled and the pipeline is in place, it definitely is way more attractive than the Beetaloo, which, once again..ad infinitum they are going to do siesmic studies.
new, I think my opinion of the Beetaloo circle jerk is well known, but, let me throw out something that I consider an alternative explanation for the new wave of increased attractiveness of FOG's stock. Mako! Mako presents a perfect opportunity for someone smart to come in frac and test the existing well for very little cost in most critical intersection of supply (existing pipelines) and demand in Europe.
td, yup I'm out, still follow the show, and Tambo's News Release was just silly. As a rule, when companies put out a silly news release they consider it preferable to factual news releases. Heck, you are free to keep buying with abandon and I hope it works for you.
Beet, what souds sounds good to you is not be sounding the same to the experienced industry professionals that know the score.
hydro, wow you really wound yourself up today. If you are such a clairvoyant you should welcome sellers that are taking the price down. The fact that Origin is a reluctant driller, has consitently lacked experienced management running the project after David Close, and has entangled FOG's position with such complications that it would really take a farm out of the entire prospect in order to see a clear path for FOG to be appropriately rewarded for their subservient position. And, FOG is going to have to figure out how to raise money in the not too far distant future-- which will be extremely odious with no economically producing wells. And, lastly, remember the Mako. And, if the magic formula can be figured out on how to make wells economic, there is still the issue of infrastructure needing to be built.
Maxim A. Mayorets serves as Non-Executive Independent Director of the Company. He graduated from the Moscow State Institute of International Relations in1999 and the Financial Academy under the auspices of the Government of the Russian Federation in 2001.From 2000 to 2002 Mr. Mayorets was head of the financial department at ZAO Medical Technologies Ltd.From 2002 to 2010 Mr. Mayorets held various positions in the International Business Division at OAOGazprom, acted as head of several Gazprom subsidiaries, was on the boards of directors of the company’sbusinesses and from 2007 Mr. Mayorets was deputy head of the international business department of OAOGazprom. Between May 2010 and July 2018, Mr. Mayorets held the position of the M&A Director at RenovaGroup. Between July 2018 and October 2019, Mr. Mayorets was a M&A Director at ComplexProm. From 16October 2019, Mr. Mayorets holds the role of Managing Partner at RPI Capital LLC.
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