Member Info for Dulwichman

Vinny Einstein quote " Time is nothing more than an invention of mankind - it is an irrelevance to the universe"

Coggs

Please do not tell porkie pies! Mr Mole gave a copy of the first edition I will not repeat what he thought of it Haha

Coggs - you and your book - is it not time for a reprint - updated of course

The crazy Diamonds on here are all "Boggarting the joint"

I do hope we do not have to wait too long for that Umma Gumma moment But am I sure we will All see the Piper at the Gates of Dawn soon.

Having a retro Day in more ways than one today. That reminds me does any remember when the FRr SP was over £1 or have I just had a momentary lapse of reason!

What do you mean. There is no dark side of the moon!

Moving off to Atom heart mother I am sure we have the source of the mother load

I have just become comfortably numb in this share

Code 1 take over bid on the way Ha Ha - quite agree I hate code 1's they mean nothing - mind you if it was a T/O on the way not sure I would be very upset so do not mind being proved wrong !

5p
totally agree over the price of oil example BP have minimum of price 30$ a barrel across the Company . this of course may well just have changed due to there recent purchase However what is clear is that modern engineering is bring the costs down and from what I gather more is on the way. The question I have have can we gain acess to on oncoming new engineering as I suspect this will be used by the big boys first.
As to the price on the market well it is what it is just because it is a market. Goldman sachs predict a barrel price of $100 - by the end of the year - I think this is an over estimate but what do I know.! Certainly looking at the data available I believe barrel price will remain at around what we are at now unless we have a shock such as a major political decision ie an increase in trade wars.

All we can say for now is that zaza has said that the present production is profitable out in the field and the guess work is that sufficient day to day profit at present oil prices appears to be enough to pay YA in cash on a monthly basis.as I am not sure we know what the actual cost per barrel out of the ground works out to be.

What is lrear is that we are in a much better position than even a few months ago.

If I can see an average increase of the SP of 0.5% a week until we get a decent RNS I am happy just to sit and wait even if for a period of time. nugh said

coggs
I presume you are using new math
https://www.youtube.com/watch?v=W6OaYPVueW4

Whilst I may agree with much that you say we are where we are.is it worth going old ground? The normal advice is that past performance should not be a guide to the future. If looking to the future is positive which I accept you are but too many are not. Then pepes have to look at what they believe will happen based upon what they actually now. I do not intend to quote what we actually all know via an RNS but the clamor for information that either is not available yet or may be embargoed ( I accept we do not know which) has I believe forced the hand of the Company to do the video. An early RNS if positive will of course would raise the share price but in my view not that much at present. Of more importance is firm rns'd plans for development of the Company. we have been informed verbally over the self funding well development - that is a matter of trust and belief and any relevant personal knowledge pepes have. The only bit of past history I take of any importance is the turn around in the Company over the last year with Zaza and go leading the charge. We are a long way ahead from there and hopefully 1000barrels a day ish on the horizon. People are entitled to be frustrated as indeed I am but can we loose the emotion please for the time being. I am holding and may invest more based upon facts, instinct, and a lot of very decent people on here who give their knowledge freely. I disregard the idiots and just say thank you to quite a few people who can keep a level head.
Nugh said - time for beers and a live band tonight. Have a good weekend all - just rained in London and it has cleared the air

Thanks Ivy

Ivy et all

Many thanks for your considered opinion

Quire a lot of people have raised presents by Xmas. I was at that meeting and the Nomad was not happy BUT it had been said so not much he could do except give Zaza a few well chosen words. Then we get the leak over arbitration - how that actually happened nobody knows but it seems obvious that the Nomad again was so unhappy that an RNS was required. Many people thought that it was on the arbitration that shut down communications but this may actually have been the final straw with the Nomad? Perhaps the Nomad is making life difficult for us purely on the basis of correct information based upon what has been said.
We know that it is clear that this is a three well campaign for the oil and the stated preference is that news is issued as a group unless any thing spectacular comes to light. Well the gas came to light (not) so had to be released and the other news was really neither here or there in term of commercial production as further testing is still ongoing.
This is a wild guess just in cases we are sending arrows in the wrong direction. others will know better than me

https://www.bp.com/en/global/corporate/bp-magazine/locations/shah-deniz-2-building-gas-project-azerbaijan-georgia-turkey.html?utm_source=BP_Global_GroupCommunications_UK_external&utm_medium=email&utm_campaign=9661241_BPM%20people%20power%20Shah%20Deniz&dm_i=1PGC,5R2NT,L0KU1M,MF2R9,1 Mention of Georgia re gas pipe line

Puds
Its infectious !

Correction Tsbs I mean that politics is NOT getting in the way at present.- Sorry too bloody hot!

Tsbs
I tend to agree that the Politics is at this moment in time is getting in the way . As to how much effect the politics is having I am not so sure as the political pressures whilst there and in your face, takes a long time to have an effect. Even then it is still hard to see exactly what effect it can have other than to say it should be broadly positive.

Lordlash.At the last two meetings I rather picked up that zaza was more confident on the oil and Itook this as more planning on the oil would take place and the gas was a bonus. Zaza made great store of the self financing of the oil if all went well for the future. I under stand your sentiment over the details of the oil but others have explained better than I can and with better knowledge as to what is going on. I think Zaza is still keeping to his idea of releasing information for all of the oil in one go and with a plan for the future in better shape than his initial thoughts.
I am still of the view that with the knowledge that both the oil and the gas is still in the ground and going nowhere it is all down to technical engineering matters which others can and have commented on

State-owned gas pipelines have been handed over to SOCAR Georgia Gas by a direct sales.

Under the Government decision, SOCAR Georgia Gas must pay 21.3 million GEL for the gas pipelines, including 8.5 million GEL must be paid within 36 months and the remaining part must be paid in 48 months.
The gas pipelines are located in Kaspi, Zugdidi, Akhmeta, Gardabani, Zestaponi, Ozurgeti and Oni municipalities and total length of these gas pipelines makes up several tens of kilometers.