Member Info for dunderhead

Ha lol mate. I did see the smile at end of text but thought maybe you hadn't seen my earlier posts? Some on here oft mis quote me which is frustrating but I hope not to cause further angst on here anyways and no point continually stressing each other out! Best of luck all.

Actually Anthony I did cede exactly the same points some days ago and prior to that I did mention I knew of one deal by "the" major that took at least 6 months prior to approval so agree with you. The communications etc are still poorly managed by EOG though because they were initially hoping for Xmas deal but more likely in new year by end if January. When this doesn't crystallise then traders and even long termers lose heart and sell. I'm still holding though lol. Best of luck all.

Absolutely oils. Ie wasn't going to bother estimating potential upsides because so many unknowns to allocate estimates to! It is not so binary because currently 3 farm ins are out for signature so some potential (better than binary) chance 1 of these 3 coukd come in? Anyways hopefully we will know soon. By the way my other oils are certainly not blue chip Lol!

CPerkin. I'd imagine that somebody who never asks for posts to be removed, asked for posts to be removed. I'm just putting it down to mm and shorter conspiracy theory. However wtgr again I ask what relevance is there that solo are in early discussion 're farm downs on us? Seriously I don't understand? Assuming farm in with zubs goes ahead we will not be operator and a bench mark valuation comparison is no longer relevant and the prospective farminee will have to be approved by govt.? We already knew they were fully funded for this year anyway as well? Interested in your or others comments? All imho and dyor of course.

DAL, yes buddy (imho). But I'll be long gone, which 'may' please some on here.

DAL, no buddy. (Imho).

We are obviously all entitled to our opinions but two "other" points. 1. EPS can be counter efficient with regard to total reserve production and post EPS development. Not saying this is the case here just saying there is potential for this. 2. I'd always want to be negotiating farm downs from a (potentially) higher 2p reserve figure rather than a promise of that, bwtfdik, perhaps GL and BG00 correct on their assumptions? At the end of the day it's all conjecture now and here's hoping we see some positive reaction to share price soon? All imho, dyor and best of luck all.

BG00 as intimated we shouldn't have arrived at the point we needed to do the zubs deal however regardless of that I am sure they would have supported the strategy of prove up 2p rather but whatever buddy!!

Joe bop Ive repeated this a hundred times even though I wasnt happy we were 100% drilling by thus time but as we were we should have fast tracked and prioritised the "back to back" drilling converting resource in to 2p. Probably would have required a better rig to do this so would have procured better rig in first place. Always better to have over than under preparation? Wouldn't have prioritised paying down debt maybe 're arranged. I would have prepared far better with regard to my video performances or answering pi quest ions as well. Especially regarding whether zubs could vote for deal and 're valve repairs as these kind if answers provided tend to reduce pi confidences!! All imho and dyor of course!

Good point serif. Much less commitment as well and to be honest may have been a little pressured by clnr because the extended exclusivity period was up yesterday? Personally I didn't expect that one to come off either so perhaps I'm just a miserable b'stard?! Here's hoping. We do need some good news, this would be such a tonic and I for one would be doffing my hat to Hugh in those circumstances! Best of luck all.

No mate. But right back at you, I could just say would you mind backing up your statements with some facts or it may be "just" vague positive guesswork? What I'd do is a 1, 2 and 3 year share price comparison chart for each of the companies taking into account the "confetti affect" then you can (start to) make such relative historic share pfnce statements? The difficulty within this comparison is of course forward valuation ie irr, npv or emv. EOG potentially has a better future if they crystallise some of these farm outs but don't forget even then, it's a long way to commerciality? Whilst I have done this in other companies I hold, there's no way I'm bothering to do that for this level of my investment though. All imho and dyor of course. Best of luck all!!

Oh s**** sorry mate lol. There are some people who genuinely believe that Jay has been worth all his free shares options and salary to date, amazing as that may seem? I've got to admit I'm hopeful for the first time ever, we may have a decent oiler running the show now, in John B?!

Peking you can't keep on living on that supposed achievement. Who knows what another CEO could have brought to the table?

Bg00 the more I hear about this the more confused I get? If these is an impermeable layer between the two then more "play" the more confused I am as to how this was missed in first place? How do we know it isn't watered out in lower layer ( if indeed it us in upper layer)? Best way to find out plug / cement the upper and perforate the lower. We can go back later and try and sort upper if lower isn't as promised? Why waste time on "marhinal" upper section when we needed immediate cashflow or do we really "believe" there is lower play??!! All imho and dyor all.

Actually as a response to JT for comparisons between the other three, I'd personally say eog doesn't fare that well however.... what period are you referring to JT? Whilst production is one kpi Angs and pvr have a significantly better tsr return I'd say, which is surely what we are interested in as investors? Although we would have to do some "confetti (placing) comparisons" between ukog and eog to compare tsr between them however we'd probably find they are quite comparable? The difference being, I personally think that other assets have been ignored or wasted within eog portfolio and each of the other companies quoted seem to have improved their own portfolios? Hopefully something will come from the "three farm outs" but I think we really need an rns update from eog soon, to get clarification because surely any lookaheads / forecasts for 2019 should be in the system now? It has been since last late October and I'm surprised one wasnt put into the 2018 final results summaries / 2019 lookahead for the other company? Although saying that I have worked for companies that refuse to accept any budget changes for following year, prior to end of 1st qtr so perhaps the new operator may fall into that category? Rudey whilst I take on-board your observation that we made the decisions to purchase, we also did this based upon guidance from the bod. Unfortunately a lot of this guidance does not appear to have crystallised therefore I'd say they have to take some of the "blame" as well? Surely we have to rely on such expert guidances or we may as well throw darts at a list? All imho of course and dyor!!

Agree Bg00 but if water ingress higher dues not bode well for lower perfs imho? Plus you'd have thought planned programme duration days not weeks and wed have been uodared by now so perhaps more "structural unexpected" issues in top section? All assumptions and very dangerous from such limited info available so coukd be totally wrong. All imho, dyor and best of luck all.

Right gotta go, bumpy land river drive! Really interesting. I assume not old guns? You can leave used guns in well from previous programme but why refer to these I'm context of current programme? Depending upon program for perforation you can have multiple guns as well? However this is tricky operational stuff imho and if be surprised if you prepared wirkeine a multi gun programme then left it six months (or whatever) you'd have to re mob tcp man and just done see sense in going this way. All imho and not having seen presentation does seem positive with regard to progress? Am a little mystified now and really expect to hear something in a month max. Once again all imho from a limited understanding of exact progress etc.? Dyor though!!

Thanks CP. Haven't looked at that and only picking up from your comments am surprised these are in place if you've got what looks like ongoing fluid invasion issues? I can only assume these are different from those that have finally crystallised. Also hope they've got good rental agreement in place as the stand by costs start to add up if over 6 months etc believe it or not. This was why I have always been surprised at $250k cost of this job. Ok now seeing equipment in place in country I am hopeful of some positive news on this within say max a month. When were these in place? I haven't a hope of loading that file am in the middle of beautiful rural wakes at moment. All imho and as ever dyor.

Absolutely concur crusty 're posts. There is too much running to mummy and requesting threads to be removed. I have one of the rudest posters I have ever come across on filter but saying that I have never ever asked for a thread be removed (I wouldn't know how to, lol). However when I can see remarks about quite ludicrous mm theories I am obviously going to reply to these even if said poster on filter. It's like shooting fish in a barrel sometimes. Best of luck all and really busy now so will not be able to reply regretfully.

C Perkin I haven't a clue what you're referring to mate. You'll have to explain better please?