Member Info for Drewky

It's still there Tanzania they now have three images rotating and the message is on just the one :0))

This is not meant to be abusive eggchaser but I think you are being extremely foolish to go away on holiday and leave your money in the hands of people you do not trust or have no faith in. Very foolish indeed!

Very frustrating thread to read. Fact! it is what it is, circa 5.5m which is undisputable. Fact! Matt asked a question that implied it was worth far more than it is. He did not state it was worth 50m at any stage. Fact! "Surely" from your recent postings in the last few weeks you quite simply do have an honest opinion.

I imagine, last minute negotiations are the only reason for them to be running this close to the wire. There is so much that needed to be done and agreed with either TPDC, government, Eclipse, Suppliers and contractors that I'll not be surprised with deadline being on Monday if a little brinkmanship is going on. I'm preparing myself for the news to be just accounts based with reaffirmation that talks are ongoing about everything else we are looking to hear about. If that is the case it will be disappointing but for me it won't change the fundementals. 1.87tcf and the potential of oil will keep me here despite the barrage of moaning and whinging it will bring If these negotiations are the reason for delay then we may not even see an RNS until end of play on Monday but the longer we wait on this perhaps the better chance of having some of the negotiations completed favourably. GLA

I'm predicting a cast iron certainty that if the news is 100% perfection there will be some that will still moan and whinge.

Or Capitalism is where one controls thousands Socialism is where thousands attempt to control the control of one :0))

Thanks Pawn it still leaves me wondering! The dispute detail there shows $750,000 Nov/Dec 2015 and a counter claim for $575,000 re breach of JOA. It shows NTOG set the ball rolling "Accordingly, the joint venture is preparing a full and detailed dispute notice as required by the joint operating agreement and has served that on North. The joint operating agreement provides for arbitration in London under UK law if the dispute cannot be resolved," Todays RNS then simply confirms the dispute has not been resolved and that North have referred the matter to arbitration as allowed for in the JOA From an arbitrary point of view I would think that it would be right for NTOG to wish to see the justification and unless they can prove as such I doubt North would get the amount claimed. If according to JOA they (North) have not kept to the agreement then NTOGs claim could also be valid. I would suspect we will come out somewhere in the middle From this I can only see that disputed figure being worse case scenario because I've not seen anything further being disputed. In best case, a justified figure minus any figure awarded for counter claim would be the result. Just my thoughts on the knowledge I have at hand

Seadog first you need to know exactly the bones of contention. The facts and the costs win or lose. Now as far as I'm aware none of that information has been made available so any discussion down that line would be little more than speculation. Now speculation on the up or downside is going to be totally misleading and that to my mind is ramping up or down. I thinks it's best left to the court to decide or leave the discussion until some facts are made clear.

Whatever the spur for action it has to be good that it is taking place. It isn't good to fester over things because people just get bogged down and entrenched in their own thoughts. Now we are looking for impartiality and a fair decision. Anybody have a clue how long these things take? No prizes for the length of a piece of string ;0))

With the thoughts of $100 oil looming maybe this has been the spur to get thing sorted. If it does get to that price nobody knows how long it would stay there so all parties would surely want to resolve any issues and get on with things

I think you will find that pkacings are used as a means to raise money. Of course there are consequences but that is not the prime object. However why you are pushing that one right now I don't understand because it is PVE that has done this not PXOG. We are already fully funded for operation to the end of the year

Excuse me but that was my first comment of the day and none of it untrue. My header was pleasing news so what discussion could we have? Egypt is being sorted (as announced arbitration will see to that), the cost is now $1.19 that pleased me. (It is a beneficial reduction but I don't see I could say much more about it.) I went on to say Meanwhile we can get on with the next two drills. Early May for first spud Matt recently said so we can expect another RNS very soon (Nothing untrue or unexpected there and it was focussing on #NTOG) You may find you were retweeted and given credit for your work ;0))

Lakshmi, someone did and elsewhere too ;0))

Egypt being sorted out and look at that cost price. Only $1.19/barrel. Meanwhile we can get on with the next two drills. Early May for first spud Matt recently said so we can expect another RNS very soon

That would be justdandy

Like it! Of course they have miscalculated the amount of shares. BO BOO BOOOOOO BOOOOOOM!!!! LOL

The bell Celtic? That was Fergie time, the sell was clocked on H/L 16.35 bloody cheating again ;0))

Exactly Vike, any good news in that direction would be good indeed

CP we took a battering when news of KW problems broke so I personally think any production above zilch could be viewed positively. I've really not been expecting much from it at all lately so any good news in that direction would be nice to have. It seems to me that we are tied somewhat by beaurocrassy and whatever we need to do the government are involved and we all know how painfully slow dealing with red tape can be. The one thing I will say is that whatever news we do get, the fundementals of what we have under our feet here will not change because 1.87tcf is 1.87 tcf and sooner or later it is going to come out of the ground hopefully after Chikumbi-1 with a few million barrels of oil/liquids to go with it

Really Jonah? you are fast becoming this bbs Mr Meldrew :0)) How can a recovery of a morning drop not be a positive? If it stayed down you would have had something to moan about :0)) While we are at it, is there anything else you'd like to get off your chest today? We may as well have it out. Told you the other day just be patient, stop making wild guesses and wait for the news. If it's bad, then you can justify your complaints along with anyone else but imo there is no point in getting upset panicking others about what you don't know! My guess is you are just reacting to what is a low volume movement of the sp and if so, you will need to get used to it because they are common place on this share.