Member Info for Ddraig

12.13 - I think that was an old story for 2018? ie not current and not relating to the subsequent deal some 3 years hence.

Finally the SP is stabilising a bit and oil has tentatively recovered to near $75 (Brent).
Still looking to the 2 near term drivers which will hopefully be positive....COP willow court ruling and of course the finalised Merlin results.
Let's hope next week is more positive than this week.

23.17 - a doctor you’re not….you and reaper enter the bin with many a muppet

18.55 - thanks ABagOfWind

17.06 - Apart from the fact the the court, the plaintiff and the defendant have all agreed time frames and the decision will be very soon ie in July, the plaintiffs rebuttal had to be submitted by the 11 June. It's all in the press (issues 21 April) if you'd like to check for yourself.

15.45 - Don't worry, I get your sense of humour and I treat it accordingly. I see more comedy than malice in anything you say and thats often a welcomed relief on this board. You stay happy bud

15.36 - Yeah all those things sound like annoyances to the enjoyment of real life. You've made the right choice ;-)

15.26 - in case what? Are now we see, there's silly a little bit that believes ;-)
Well be careful not to wind giddy up as he's on a one man mission to try to get the company liquidated ha ha

15.27 your to silly....that better ;-)

15.25 - Thought you bought it with profit....regardless nothing ventured nothing gained.
Yeah so YOU'RE up even now...you should be very pleased with yourself....you made a good shout, enjoy it bud

15.25 - your - you're....just saying

15.07 - Come on WAaussie...enjoy the camper van 88E bought you and chill. Its not your problem anymore bud...

Jock - 'They messed up' - 88E have a very good record of on budget and time. Not in this case but that being our first of 5. And it wasn't them, very cold winter, formation deformation and incidentally a very similar problem to PANR for the same reasons so not just us!
'I imagine, they'll be borderline incomprehensible to most people and the company will describe them as "encouraging."'
Well its a technical industry...and I don't understand certain things in the RNSs/presentations even if I try to educate myself.
What I will say is I trust the board and I'd argue the people that need to understand the information probably isn't you...this is more for industry as they'll be able too price this fairly. The likes of most shareholders and the 'market' who are probably a mixture of non technical finance people won't really understand it....don't feel bad...but just know you're limits.

Has anyone heard if OPEC are still trying to get an output agreement from the current meeting? Or have they just abandoned it this time?

Willow gets the legal green light then 88E lifts its skirt on Peregrine.....thats what I'd expect sometime before the end of the month. Those that have sold into this retrace may be wishing they hadn't but at the current time I can see why they are. Hopefully OTC will stop the rot today. Its amazing the impatience of people though. a schedule from 10 weeks ago is 3 days over like it was written into the bible. Anyone ever done project work? Always on time? Exactly, most things over run...look at cross rail (or any government project ever!) I'd rather it were right than on time.
Warren Buffet's phrase about the stock market being the transfer of wealth from the impatient to the patient has never been more true....

11.52 - broadly agree....

10.49 - Listening to CP Id say that they are used to court challenges and their expectation is they can win this. Interestingly the indigenous people like the oil industry as it provides jobs and revenue. I'd believe a degree of the case brought by an environmental group related to the mining of gravel for the roads.I'm sure there will be concessions that will allow that hurdle to be jumped. Anyway, I suspect the enteral opinion is correct that the decision will be soon given in April the schedule for filings looked as following
"The summary judgment schedule in the case approved by Gleason starts with the conservation groups filing their opening brief by April 23 with defendant replies by May 26 and the plaintiffs’ reply on June 11, according to an April 5 order."

10.33 - I'm not sure, I know that CP in Feb asked that the decision be made by 1st July which clearly hasn't happened but heard nothing since. I'm not sure that the court is obliged to provide scheduling for decisions, guessing their attitude will be 'we'll reach a decision when we reach a decision". However given Biden's amended position you'd think that there should be clarity from the court soon.

10.07- of course it does....anyway, it'd that time to filter you my old friend. I used to enjoy your aggressive defence of the company as it was entertaining and as a source of reemphasis of positive factors at any time. But now your posts are completely pointless and not adding any value. Plus from a personal perspective I have zero respect for you given the last 6 months. I wouldn't waste my time doing what you're doing but from a moralistic perspective its just embarrassing. Good luck to you

09.44 - the percentage of new share versus market cap isn't really large enough. I think this is more a retrace of recent price moves upwards. There are many people that will take 10, 20, 30% profit and cash in...I can't really argue against that to be honest but it doesn't create a scalable volatility.
With OTC it seems that they react positively to positive news (sounds an odd think the say but sometimes ASX and AIM are more reluctant)....given that we have
1. Petrophysical report for Merlin
2. CP court case to clear the way for Willow development (this is actually very big news for us as it creates the precedent for this play in the NPRA)
3. Plans/FO/funding/analysis (Charlie and central leases given Talitha)
Theres plenty that will happen over the next 6 months to engage investors and drive the share price.

As always, I'm consistently leaving TO out of the list as I'm still of the opinion that we need another drill season or 2 to get a decent return.
And as a curve ball it'll be interesting to see if, given the shallow depths and what we have derisked at Peregrine, if we'll try to fund it alone and be in a far better position to negotiate an asset sale on a 100% WI. I think that'll be a tough decision based on what the data says and also to a degree if they are forced to drill something in Umiat this season.