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Re smaller Companies like i3 / We will have to get the best out of our Acreage. We must seek to increase production so that there are no opportunities left. Then we can maintain as long as we can with low Capex and generate cash. Luckily our Wells are relatively cheap.
I am growing concern nearer the deadline re Repsol Sinopec FID Q2 re Tain. The BOD simply have played it down and Broker Analysis drops the hint that Serenity is not factored into current SP and prediction / yet before Canada that’s where all the money went - North Sea.
If North Sea doesn’t go ahead then that was the whole Company pre 2020. However on the Flip I have alluded to U.K. 99% Self sufficient and we do need the Gas. Asia need the Oil and Sinopec are ideally and strategically placed.
April is a Big Month.

The First Step Tony is a Worldwide ban on New Drilling. They cannot even achieve that yet can they ? Why ? Because if they Stopped New Drilling tomorrow / The World would see disorder. Grow the GDP first (Take 2 years) through Oil. Along with Oil Growth you can grow the Carbon Capture. Recover cash printed by Western Governments through the vehicle of Oil. Integrate Clean Energy on a higher established GDP Level. This will allow Clean Energy roll out with lower cost. IMO.

Further Postings to support my Pro Oil Stance. Ineos have just bought a Scandinavian Oil Company - Hess ? The MD came on Sky News and said they made the purchase as it is connected to a Carbon Capture project and the World Needs Oil. (More so the Metrics support the Investment case). The Company Oil Shelf life estimated to deplete by 2045 and this is some 5 years before the 2050 deadline. There will be no Wildcat drilling. Existing resources look attractive.

My belief has always been that if OPEC can bring on 5 mbopd then they can fill that (any) Gap 2045-2050 Yes ? Agreed ?

In the meantime wouldn’t it be better to support any Global Growth through Oil during this Transition period of 5 to 10 years specifically ? Rest assured Clean Energy isn’t going to meet Global Growth opportunities is it in these next 5-10yrs.

If you say World GDP is 100 now Post Pandemic. Was 110 pre pandemic. Western Governments have printed a lot of cash. How do you Support Growth to 115 as quickly as possible ? Answer is Oil. Get Global GDP on the rise as quickly as possible and then as time elapses Clean Energy can Progress and take over a World with a Higher level of GDP established.

A simplistic View but I believe the Pandemic has actually opened a Big Window for gains in Oil for the Reasons I have just stated. How do you get GDP back on Track ? The price of Energy (Real Price) is Key and nothing can rival Oil. Clean Energy is highly subsidised and rightly so. Once GDP is resolved through Oil meeting Growth Demand / then and only then can clean Energy progress and integrate.

If we make Clean Energy the driver to regrow World GDP then we won’t get there as quick as Oil. Simple. Let Oil do the donkey work and then Clean Energy can take over a higher established base of GDP.

Le Viola.

And remember who predicted WTI $60 by March (Yes WTI).

Mathematics Mode Value meaning in any given Month Brent each day 68 67 62 60 65 66 65 etc. The most common Mode spread should be 64-72. This is different from the Mean Average. I see more Value in using Mode spread. It eliminates the oddities. Good evening.

I stand by that. My low has been tested once falling below $64 for 2 days I think. There will be spikes but the Mode Value will lay between 64 and 72. Ryanair need to get flying or they’ll go bust. The Banks need them in the air too.

Anyone any idea on these 10.99p Trades ? It’s been 10.2 to 10.4 all day !!?? Just done a Dummy buy at 10.37. Strange.

Cheers Tony. Appreciate.

Free food ? How very dare you !! Yes Doc. I was referring to recent RNS guidance based on mid Feb spot price. I think specified Circa $28 USD ? Good research and Value your Experience here thank you.

FCF just gone up $10m USD. Fair Calculation and Happy with that !!
Q1 Production Update due mid-end April. We shall see what SP (10p) is then. This can be an excellent 6wks to watch over.

That is a more accurate Assessment Tony IMO. Yes that is an important Point. We hope that this Story is yet largely unknown by the wider Global public as Doc alludes to and is a vital ingredient to the journey of the SP.
April will be pivotal IMO.

Tony. You are an Intelligent man. There’s more than £70m gone into the making of this current MCap. So how can only 5% be sitting on a loss ? The End.

You can’t pick and choose Dates. It’s everyone who is an Active Shareholder. Most have been involved from 2017. I guess for one minute we agree on the 5% / Then you should consider the Weighting those 5% carry. Because it will be a lot more than the 95% who are swimming in money. Not the case. Anyway. It is what it is.

Tony. I am talking about Every Active Shareholder. Many / Including Institutions have been here since 2017. They were all under water otherwise they wouldn't have funded the deal of the Century would they ? They want their scheduled Returns Quicker. The money was there and the deal came out of nowhere. They (Institutions) know..

Ok Tony. We disagree.

GGG / April should be a Spectacular Month.

***We will know the Dividend Outcome.
***Launch of Noel Well (Flow Tested in Dec gives us an idea of Lead Times for more News.
***BOD committed to delivery of Quarterly Updates. The First one scheduled second half of April.
***Not Factoring in F/O News.

So by End of April we will Not be 10p. We may be lower ? We may be Higher ? But we will not be 10p. ‘Cos FF said so.

With Respect Tony / I think 5% sitting on a loss here is absolute bs. Take a look at RNS from 2017 and look into how much cash they put into the Licence and the FDP and Serenity discovery. Not one drop of Oil has come from that (Yet) and so No Payback.
So I think a lot more than 5% sitting on a loss.

Home Credit is 0% of the Business because for the last 3 yrs it has not been turned out a Profit. Check Fundamentals 2019 2018 and remove Home Credit and the Bottom line goes up.

It’s defo not £25. I would say nearer the £1000 end. I could find out if you desired.

Commission actually drives the Agent not to Over commit. The difference with Uber and Pimlico as you say is that those Workers wanted Emp Status. The Agents who left PFG clearly do not want Emp Status. The Customers value the intimate relationship. Without it we can go back to the Service levels that Banks offer. Press Option 1 for ... Press Option 2 for ... That’s not what they want. PFG have failed to make a Profit from HC in each of the 3yrs of changing the modal.