Member Info for Ddraig

11.24 - A bit too long for me given the time everything else more 'short term' takes!! lol

Agreed. Boards of large companies are effectively politicians and this clearly was a political landmine...
Plenty to focus on with the other lease areas...

This is a bit more of a concern that ANWR leases have been shunned by industry.
https://www.bbc.co.uk/news/business-55564483

06.49- think the main affect on the markets is positive that he’s all but gone after a reign madness albeit an undignified bad loser. If he continues with his media messaging once he’s just a Joe on the street and causes issues like this he’ll probably get thrown in jail...now that I would like to see...

This RNS is different to the usual operations updates in the run top to a drill - it defines all the other work going on outside of he drill.
Sceptics may say this is insurance against a poor Peregrine drill. I prefer to see this as a solid multiple facet road map and the inference is that over the next 12-18 months (with multiple good results of course) the company could look significantly different. Its ambitious but I think it needs to be....

19.40 - I agree the Talitha drill is an extra dimension. From the schedule 88 should be in a position to issue results first (certainly for merlin) before Talitha but heaven forbid Merlin and Harrier are sub optimal, may Talitha could provide inject some interest into the central leases which have been in the corner due too Charlie.

22.28 - I've never looked into this aspect much....maybe I should...but life is short so I might just carry on looking at the headline bid/offer only lol

Arr, I checked London stock ex and see better details. Looks like at least the last 5 trades were off book

Why does it appear on LSE as an Ordinary trade?

19.03 - Probably as it appears, someone willing to place a decent investment prior to a potential share price for accretion before the drill. Although that doesn’t necessarily mean that will occur, Charlie-1 run up was pretty muted compared to previous drills.

17.33 - that’s a big post and you still didn’t quite get the point. The only thing you can be pretty certain of is that whatever proposed numbers are spouted now, the actual results will be very different and probabilistically, a large amount different.
I a more decent point to talk about volumes is, at the earliest, the first results on a successful drill. Hence...see you in April

I think the biggest deviation (positive or negative) in any potential is probably derived from it referencing 2D data.
And still yet none of this is definitive (2D, 3D, analogous, historic drills) its all about the physical drill and even then where you get to a reserves volume, that still changes over time once in production , so I'm not going to masticate this too much further...we'll both know more by April.

That was my point yesterday, it’s sensationalised and we all know how journalists/media like to dial that up

Agreed, as I said sensationalised but heh, it’s journalism...just look at the field day they’ve had with the current situation...

14.36 - The point was the article mislead the OIP in relation to the drill schedule as they aren't even drilling the 0.6bn OIP in the Harrier Deer therefore they should have quoted 1bn OIP... I think you'll agree.

14.36
Just to cover off - the billion barrels is OIP and not recoverable...all presentations and news will certainly use OIP but companies are wise to advise probability for recoverable volumes. Your Talitha well presentation quotes OIP along side estimates of recoverable...its normal not sensationalised.

I used Pantheon as an example, I probably should have guessed you'd jump in....but it was meant to show DW has moved heaven and earth in the last 6 months....not in any way implying that Pantheon have been ineffectual, they are where they need to be, and thats fine

Well I think that depends if you think it was deliberate? The board, the shareholders, the 3rd party analysts and the farm out partner though Charlie-1 would be good at the point of drilling and then they would have earned their rights of performance (rather than post drill core analysis). These performance rights are revised annually and have various vesting criteria that may be longer. Point is a number have lapsed out of the money yet that side of it you forgot to mention. If merlin/Harrier work then yes, these could have good value for those cited in the rights issue. then in future years the refreshed terms will be a higher benchmark so the Board would need to add more shareholder value to get anything out of it, successful Charlie-2 for instance. If the share price stagnates or declines, again, they get nothing.

Wow Brom, this is difficult...
Hands up anyone who knows what 'contingent' means lol...

loom - look