Member Info for edgar222

Ooh Longside that's not how I read the hints. Harvey bigger than Vulcan with as yet unannounced "material upside" in the CPR to come. So over 258 (is it?) BCF.

GG/Longside Agree with your points about Harvey size. Which is why I have always said that we should work n the basis that it is the same as Vulcan for ballpark purposes. Revenue of �1bn is 40 times our mcap. Rvenue of �2bn is more than my brain can handle.

Harvey is biggest asset they say. Lets assume its the same as Vulcan and the lifetime revenue is �2bn with a market cap of �25m ish now. Deferral funding progressing but on these numbers some dilution is fine with me.

Vulcan and Blythe First Gas Q2 2019. Daily production 150MMcfd (Peak 2P) 2P reserves 303BCF (Vulcan Blythe and Elgood) Lifetime revenues of over �1bn Investment decision end Q1 2018 Deferrral funding progressing.

The company have been clear that the CPR is due in October. If it does not land tomorrow we can expect a hit as people speculate over the delay. Personally makes no difference to me as I am here for the LT gains.

What price the share at close of market on dy Harvey CPR lands? I will start - �2.87. OK OK wishful thinking maybe.

GG/Longside Could I trouble you to each explain why you think it will be 2P / 2C ? Interested in learning something rather than being worried about the share price. I have no idea what a writer of a CPR needs by way of criteria in order to decide which is appropriate. I do understand the difference between the two. I think. No I do. Definitely. Yes.

And I am Ulster Scot by heritage. 50p is reckless in my book.

Thanks everyone. Great replies. Even ballpark is helpful in trying to work out where we are going. If the high point of dilution (worst case) is 300m shares in total (200m more than now) then that just shows how we are incredibly cheap based on Vulcan NPV. Harvey NPV might blow this share out of the water. I am a bit unclear as to whether we will get the same level of certainty in the next CPR. 2P, NPV reserves etc. But as I am here for a while and not anxious to cash in I can wait !

Thanks GG great list. The calculation that I am finding impossible to do is the level of likely dilution. Do we have a total global figure for what the hub building will cost? Because we can then work out what 50% deferral means and how much might be left for IOG themselves to stump up? I had in mind �100m but I may have that wildly wrong.

That 41,452 is reported as a sell I can tell you it is a buy.

Found some money down the back of the sofa and have added here. Close call between my 3 shares just now. CERP, AEX and IOG. Very happy to be in all 3. What odds on each quadrupling by Christmas?! (Rhetorical question don't require answers!)

Knicol Yes they did, despite Kev$'s reply. From the 20th August RNS: "The Partners have agreed payment security terms with TPDC." That's pretty clear. Terms means contractual terms. The announcement last September was a spin. They did not have the payment protection and did not have a complete GSA. The two are not separate. Although the 20th August 2015 RNS does go on to talk about "assurances", the assurance is based on the "terms". You have to really want to read it a certain way to believe Kev4 is right.