Member Info for fairdealer20

Cairn see the urgency, not so sure Shell do. Meanwhile Jones Bros of N.Wales have been awarded a contract by Equinor,SSE and partners, to construct the World's largest wind farm on Dogger Bank. Work to commence in 2023 and will supply 5% of UK's power needs.
Gas is still needed, why our Lords and masters could not see the folly to rely on primarily One supplier, Russia, for Western Europe, defies all logic.

draft, thanks Seasons Greetings to you and all PI's

Let's hope 22 delivers for us all.

Tony as I recall OGA did take an interest in the potential dispute regarding whether fields were linked or not, and expected the various parties to resolve without instruction from OGA. Not sure how patient the OGA will be apart from the company's involved. Are there timelines set by OGA when activity in the Fields must have occured?

That was my understanding, but please correct if wrong.

YoYoMa, tend to agree. The serenity things has been festering on and all these statements that the interested party is waiting confirmation of funding is a bit rich given the amount of money washing around. Maybe the party is concerned about the Political dynamics, but these delays are only playing into their hands, they will realise they are the only interested party and can just play for time. That said where is the OGA in all of this? Ar'nt there timelines in place for actions?

I am just releived I3e ventured into Canada, that was a bold and fortuous move which is going to reap huge rewards.
Where would we be without Canada?? We have the Heath Brothers to thank particularly Graham's brother who was the catalyst for our entry. Majid has the qualifications but lacks good communication skills which does not impress, whereas Graham is the opposite whose word I value.

barchid, not MARS but very important to the topic of Covid. Apologies in advance to BB readers.

As a qualified Botanist, plant diseases have been prevalent and chemically controled since the 1960's. Plant breeders have tried to keep ahead of emerging diseases but have relied more and more on Chemical controls which have needed to advance. The potency of early chemicals lasted maybe 10-15 years until natural forces ( disease mutations) became resistant. The cycle of Plant breeding and Chemical resistance continued for almost 50 years until Breeders and Pathologists became aware the process was becoming unsustainable. A lot of head scratching until scientists at Cambridge and elsewhere observed from archived repositories of cereal varieties, that old varieties were are resistant to diseases now being seen in newer varieties. In essence and to some degree confirming Darwin and survival of the fittest, it became clear varieties which had developed over many generations, often in the wild, were stronger and very much more resilient. Breeders then began to use genes from the ancient varieties to provide levels of resistance. This has been successful to some degree. Do'nt confuse this use of genes with Genetically Modified (GM) which basically uses genetic material from other plant species. There is a significant difference.

The reason behind this illustration is to show how the Natural world can be manipulated by Man, but ultimately Nature will win. The current Pandemic will only go away when it is allowed to run it's natural, not what many want to hear for good reason. Can Man as a specie continue with perpetual controls over how we live our lives?

Here endeth the Sermon, and apologies to those who will disagree.

Back to MARS, how £6000 per pub is going to offset costs and provide profit is quite bewildering. It will help certainly and the small village pub ( if there are any left) managed by husband and wife may find some profit but not the big drinking houses with staff, power bills etc.

Charlie that is probably correct. As before it will only cover a proportion of costs, meanwhile Company's have to march time. Do'nt know which is worst, the Irish model ( close at 8.00pm) or opening restricted to out door drinking? Who the hell wants to drink outside at this time of year?
Sooner or later the powers that be will realise perpetual close downs is doing no one any good. I for one am sick and tired of the way this Pandemic is being handled almost promoted.
What happened with the Spanish Flu in 1918, folks got on with life, no one can live forever.
This may sound harsh to some but the effects of restrictions, mask wearing, lockdowns etc is doing more damage than Covid.

Correct me if wrong, I understand the dividend next year is a commitment not a forecast!!

iroller, 1st rule of investing do your own research, then if it goes wrong there is only one person too blame.

Retaining cash for good opportunities that may appear, otherwise returning value to Pi's, bulk of new drilling to occur in Q1 (Jan-Apr). The plan is sound. Will be surprised if the SP this time next year is less than 30p. The upside fro 2023 is enormous without Serenity.
Graham does give me greater confidence if only because of his huge investment.

AIMO

Yep, numbers can be made to indicate what one wants to see. Could say the SP( 11.3p) now equates to a projected dividend of 9.03%. If we rise by that amount tomorrow you may have a valid point.

Let's see if Canada end up by the same %, currently showing a rise of 5.04%.

Once astute investors see the returns coming this will not stay at 11.3p for long.

AIMO Merry Christmas All

returning >10% , based on current SP , must propel the SP back towards 15p. Add in buy-backs is another bonus to the SP

What's not to like about this RNS?

Algy Cluff made this company, GS has just inherited from a background in Accountancy. He has little knowledge of the E&P. The only Exec who has any knowledge is Andrew Nunn. Shareholders are yet to see the constantly promised benefits. WE can be pleased at the arrival of Cairn, who are not allowing the grass to grow under their feet, whereas Shell have their own Political battles with major "Green" investors. It is no secret, Shell are concentrating on renewables and gradually extracting themselves from Hydrocarbons.
Until Cluff, which company has GS managed? Company Execs are replaced regularly, there are capable people who could quickly step into the breach, given the rewards Deltic pay.

The Shell deal was agreed under Algy Cluff's watch. Whether it is liked or not Algy has displayed, and still does, a flair to create and develope Company's within the Oil and Gas sector. Does GS show the same flair and creative talent?

JL the problem is following the last fund raise II's and Michael Spencer have the majority say. Ordinary PI's are considerably outnumbered. Otherwise I would support a resolution.

Are they talking to Carlsberg??

Are we to expect an operational update? they were regular ( monthly) earlier this year.

Pity GS has'nt taken a leaf out of Algy's book and become more proactive.

Have just returned home, listening to the car radio and Boris's Press conference, I sense we have worse to come. Boris will not commit but Patrick Whitty was quite emphatic regarding get togethers. I will be amazed if PW's words do not impact on the market tomorrow. On another topic, but related to debt, Financial commentators believe, against the increasing inflation rate, the BOE will not move interest rates tomorrow, but come the New Year will make a substantial increase, in comparitive terms.
MARS is between a rock and a hard place, income is going to struggle to maintain the debt reduction AA has promised. Hands are tied in respect of asset disposal.....the JV agreement requires MARS to retain a minimum of 50% of it Pubs. This cannot include Brains as they are subject to along term management agreement.
We cannot turn the clock backwards so looking forward and in the current climate, there at least 2 potential options.
1. Carlsberg buy our 40% of CMBC. I have always believed long term Carlsberg will achieve 100% of the Brewery. It is the way Carlsberg operate.
2. A generous predator comes along .

IMO the SP has not yet reached bottom. The one saving grace is NAV which currently stands at 58p/share. This is something to consider if a buyer!

seem to be on the Helter skelter today!!

Porky is the link and content, Fake news?
If not, do you agree Shareholders are entitled to see information about a company's products, whether good, bad or indifferent?