Member Info for doyle172

The cynic in me makes me think this could be engineered. They would have known shorts would jump on the results. Then massive buys for mates? Or shorts closing. Either way some have been robbed

They are both buys. 1.1 million shares.
Can’t be a lot of stock at these levels now. If you sold out you’ve been robbed

For those too lazy to open a link. From CNOOC strategy page

'The CNOOC International strategy for Scott is to maximise recovery from the Scott and Telford fields in a safe and environmentally responsible manner, defer abandonment costs and attract third party or equity tieback developments.
The focus areas required to deliver this strategy are to maintain sustainable hub operations, maintain reserves and add production through infill drilling and acceleration of near field tie-back developments.'

To extend life through tie backs https://cnoocinternational.com/operations/europe/uk

GPA ?

And Skerryvore will cause some excitement at some point in the next couple of months

GPA update and Dutch flow rates. The Coro thing is just a hunch. ISA fill again next week. Are you back in?

Maybe fill another ISA allowance next week and then good news

Chutes on ADVFN spreading fear that cash will be gone once decommisioning paid for. It has been paid and £19.2 million remains. Shorters relying on people not reading the RNS

'There was a £12.7 million cash spend on decommissioning activities in the six month period to 31 December 2022. After this spend, cash and cash equivalents at 31 December 2022 were £19.2 million (2021: £24.1 million), equivalent to 17.6 pence per share.

Skerryvore and GPA very much in play still by sound of things. Dutch gas rates imminent. And licensing round. International investments a new thing. maybe Coro?

Painful as it is, we are not alone. Whole market being smashed. Contagion everywhere. Fundamentals here still good. Great opportunity for some to buy and hold.

Went through SETS?

Hopefully some news soon. Must be!

To be fair. At least SOTB went to the AGM. He is not just invested here with his holding but has also gone to the bother of investing time I think all holders are frustrated. TC did say that lots out of his control re Perth so taking longer than expected. Could always ‘monetise’ it. 2nd drill probably complete. Flow rates and gas to market rns coming. Looking forward to hub news when it comes and to see what he does with Skerryvore. Swap for producing assets. All good imo but painful none the less.

Think licensing round will bring us news re Platypus. I am confident PMG will win it back and bring to production. Agree re Perth. Likely good news. Something related to Skerryvore relatively soon and Dutch drill 2 next few days imo. Back at bargain basement price. Really should trade a chunk of my shares as many here clearly do.

https://www.energyvoice.com/oilandgas/north-sea/452056/equinor-considering-play-for-cnoocs-uk-assets-reports/

Waldorf in the mix for Perth Hub and Scott?

Could you clarify what you mean?

https://www.waldorf-production.com/

https://www.bloomberg.com/news/articles/2022-11-17/uk-energy-explorer-waldorf-said-to-seek-up-to-2-billion-for-m-a

Sniffing around Perth or Skerryvore. Who knows?

Early Jan according to AGM. Then next drill. Then 12 more potential drills in succession. Skerryvore news - geology looks very promising. Hub - waiting for update from Scott partnership. News flow coming

https://www.spglobal.com/commodityinsights/en/market-insights/blogs/oil/101921-fft-north-sea-oil-equinor-lundin-wti-brent

Good news for GPA. Lack of Urals sour crude due to Ukraine has caused a gap in the market for sour Brent crude. https://www.argusmedia.com/en/blog/2022/august/1/podcast-the-crude-report-argus-brent-sour-a-new-crude-index-for-europe

Lots of positives here. Doesnt even mention dutch drills which must be on going or other assets.

https://www.investorschronicle.co.uk/ideas/2022/11/10/bargain-shares-on-the-hunt-for-hidden-small-cap-gems/