Member Info for dunderhead

Crusty surely we are selling 2/3 of the assets for the figures quoted? It may technically be 50% equity but that works out at 66.66% of our respective share?

Bg00 yes that is interesting point actually. Good they can get rid of one commitment well and still use for the development (hopefully!). However not sure whether the additional well costs "sub development well" will be allowed in the development well cost recovery pool as this will be purely exploration spend (unless deeper discovery of course?)

Oh man lol. I was just going to post it was good to see how the market liked the news today.

This is where Hugh is in a very wrong place imho. If he has the ego of drilling a well which can make him a name, then go to a company that can appropriately afford to do this, not a company where if the well comes in sub commercial (most likely scenario despite anyone's brilliant research) it could potentially cripple the company. I would imagine most long termers here are already seriously under water and I think to even talk about taking what was a sub 10mm mkt cap company, to operating a well in frontier exploration area is total madness regardless of the 'times'. So I also don't care who does the well as long as competent and proven and that certainly excludes us!! All imho and dyor of course.

Apologies have 're read and should have said ..compression doesn't ALWAYS work efficiently and is not a panacea... All imho and dyor.

"My" experience for compartments is that compression doesn't work efficiently. It always becomes additional wells and this can become prohibitively expensive imho but hey ho we will probably have this decision by what about 2023 based on current progress??! As ever all imho and good to hear from you speccy!!

CCF I thought XOM but they are not a major they are THE supermajor which was why I never suggested it. I don't know why they took the opportunity to describe as a major if indeed that was not the case. I figured some of the Enterprise guys transitioned across to Shell sometimes albeit in temporary capacity, kept good relationships? I know of one who certainly still kept good contacts with Shell but perhaps because they wanted to keep him? If it were XOM I could easily understand the time 'delays' as it will be 4 weeks tomorrow since rns (I think) but quite correct, we are all just guessing!!

Poor old uwe. He really hasn't seen many prospectus if he was impressed by this one? I'm assuming the length of time taken to put it together was not related to the content but to the chicken (sans head) "strategy" approach of the "mgt"!! Best of luck and as ever all imho of course!!

Yes I didn't specifically refer to water just the vagueness. I think Crusty has just put in words what we were all thinking* lol!! * always always think downside when aex are "vague**" ** just write crap rns's?! All imho of course!

It's poorly written not being that clear (or not?) but hopefully it will ramp up the share price pre Xmas rally but who knows with all this Brexit madness? All imho of course.

Hughlandmatt it means absolutely nothing at all tbh!!

Wtf is an executive drilling programme?

C Perkin which new year were you referring to matey?

Ah ok Crusty I didnt read it that way however absolutely take you at your word and sincerely apologise for any cross words I 'may' have said after!! Ahem. Safe trip buddy.

Thanks Antony for clarification. It is good it is just "us" making that inference that the dararoom would not go ahead because had this been from official resource I would be concerned why it was 'suddenly' being "inacted". Or had it been officially disclosed regarding delay of dararoom, then an optimist could say they have decided to open it now because they feel the assets are so compelling for other offers and to speed things up with the major potential farminee. Regarding Corrib partners then I suppose I would infer Equinor? Knowing what I do of Equinor that could make sense ie Aberdeen office have to get Norway office approval and this could take a little time? Of course all the ex Enterprise teams will also have a load of good mates at Shell but bearing in mind they are pulling out (and are super major as well) I'd say this was much less likely? All imho and dyor folks! Tick tock.

Actually Crusty in a post to me a week or so ago you questioned me specifically whether I should be investing in such small high risk stocks whilst not necessarily understanding these risks, to which I replied that I knew far more than you with regard to investing in o&g stocks anyway but no matter, take it or leave it. In my defence sometimes it is difficult to pick up sarcasm in posts as the range of understanding on these bbs is quite wide and what is one man's sarcasm is another's 'free bb fact' but again, take that or leave that as well. I'm sure Jay meant / said sediment or strata specific areas recharged 'within' basin. Best of luck to all holders and as ever all imho and dyor.

Crusty r u taking the Mick? It was JB who actually said the 'basin' had 're charged?! I thought this was a "drewkyism" ?! What a ridiculous statement make by JB? I'm sure the other gas producers in Tanzania are relieved to hear the "basin" has been 're charged and not Aex specific reservoirs?! FFS REALLY??!! I apologise if you were repeating JB words and for once words fail me. As ever all imho and dyor all.

What interview Crusty? Looks like you're getting a little emotional with your aex investment buddy? R U sure you should be really investing in such smallies buddy? Hope you're not following your ramping best mate bunny into aaog?

I ask because Tommy posted up a pdf presentation on adv 're Inishkea yesterday that showed it opening VDR later in December 2018 but "thought" this had been delayed due to current farm out stuff?! Don't know why or where I had heard or seen that so could be my punch drunk and booze addled memory making stuff up though lol!

Have I just made this up (?!) or did I hear it / see something that the Inishkea data room was not opening in December because of the on-going farm out negotiations or have I totally misremembered that ?! Thanks for correcting confirming?