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Star, I’m talking about 88e. :)
Hi OlderWiser. Is this final statement literally saying that the only fluid they sampled was water. And the oil they are talking about, is based on the geochemical analysis (of the water)?
Fluids recovered via downhole sampling from three Lower Grandstand units has confirmed, through laboratory analysis, to be primarily water, though carbon isotope analysis of these fluids deemed the respective source rocks to be in the oil window. Note: the most prospective zones in the Merlin-1 well, namely N20, N19 and N18, were not able to be sampled due to operational issues.
Indeed Hawkes. But I’ve got a bottle of olive oil in my kitchen. With the right wording, I could write an RNS that sounds really good about that oil. Without actually saying a single useful thing about what value it has.
A lot of risk for the uninitiated in that update.
This was released post close in Canada wasn’t it?
Does make me laugh this share. Literally one reported trade of ~£1,500 and our market cap has dropped by almost £2m as a result. Such nonsense. :'(
Definitely a shame that DX is more complex than they hoped, but as you say, it’s the financing deal to construct Kola that is the reason anyone should be invested in KP2. I’d expect the director buying is due to being confident in the progress of that, rather than to do with DX.
I think I’d prefer they focus all their energies on Kola, if DX is going to become a drag. We’ll find out once they finish this new modelling.
I’m sorry, estimated SXX construction capex is DOUBLE the estimated capex of Kola. And doesn’t it require the longest underground conveyor ever constructed? I feel they are entirely different projects and pointless to compare.
Pretty much every potash project in the world has large capex requirements, because you have to build them at a huge scale to make them viable. It’s entirely normal.
But other than that, great point :|
I’m not sure I buy into the concept that Arthur wants to be known for anything. It’s highly likely he simply wants to enrich himself, and I would suggest that all of us consider that as his primary motivation in the running of this company.
Believing his actions are all aimed at some other target is foolhardy.
Hopefully his path to that goal aligns largely with what we as shareholders need.
I’m confused about this consolidation. They haven’t spelled it out at all well. WHAT do they need it for? The current explanation is weak.
Hilarious comparing M&S to a supermarket. Many of their competitors in the apparel business have folded in the past 18 months. So losing 200m when you have 85,000 staff and over a thousand stores to worry about, whilst being shut, they’ve done brilliantly.
Mill. I'm meeting with my team to read a paper I've written on how we procure your gift and get it to you. We've read the paper a few times already over the years. But you have my word that this time, we will read it and agree it as final. We will then look to engage various partners on the actual procurement and delivery phases.
We anticipate the reading stage to be complete sometime this year.
KK, even if you are genuine, the absolute last place you want to come for info on shares is the LSE BB. It’s usually absolutely toxic, although on here it’s more about poetry and flirting at the moment :)
Get yourself a book and go from there. A book on investing basics or one on effective trolling, since you need a lot of help with both topics.
Adios
Kaylo, I'm fairly confident you are trolling. You can't have these massive gaps in your understanding and yet have somehow managed to open a trading account and buy some shares!
Only6, his posting history suggest SYME
Al Gore has been banging the climate drum for over 40 years. The fact he's put his money where he believes the future is, is not an indicator that he's corrupt and only doing it for money. He could have made a fortune far easier elsewhere.
Haha Noob, sounds about right. Would love us to get 100% here, especially whilst it might be cheaper to do so at the moment.
If we don't though, presumably our partners need to also fund some of the costs we incur to develop the site / portfolio?! Or in the case of CUDA, defer any profit share for however long...
I think that’s a reasonable expectation after a couple of years of progress. But will only get near that on realist if there is massive hype and ramping - it won’t be based on actual value. But then again, all sense appears to have fled retail investing many years ago, so who am I to comment! :D
Devilhawk, to follow up from Eddy's message, the numbers are fairly straightforward.
Zephyr are valued at $58m at the moment.
If you look at their earnings from BOPD output and add an amount for their oil reserves (using a fair standard), this gives them a price to earnings ratio of 28.
If you use exactly the same logic as a guide to value COPL *once fully producing at 10,000 BOPD*, but halve the p/e ratio to 14 to be safe, you end up with a market cap of $1.5bn, or about 6p once fully diluted. Of course, if you used the same p/e ratio it would be double that.
Fourprinces, true, but note this on the link:
Due to system changes made by Contracts Finder and the fact that this contract has been signed by the contracting authority with retrospective effect (as reflected in the related FTS notice), the contract award date reported in the Awarded Information Section refers to the day before services commenced as opposed to the date on which the contract was signed.
https://bidstats.uk/tenders/2021/W18/750321856#top
Brock, you can't get a much more pro oil nation than the US. Certainly not outside the Middle-East or Russia, which are less sound investments for other reasons. As Wacca says, Biden may well continue to push against new licences and permits on fed land for political and genuine climate reasons, but he will be very aware that he needs to balance the economy and the climate challenge.
Oil & gas is definitely something we need to be cutting back on as a principle, but there are no viable alternatives anywhere near ready yet. It is decades away before an alternative takes the lion's share of energy use. For the next decade at least, I would expect oil and gas use to keep increasing. Most big hitter analysts (Goldman Sachs etc) think max energy use for oil and gas will be reached in about 2030. So until then, the world needs to produce MORE than it ever has. The drug is difficult to get off.
https://www.eia.gov/outlooks/ieo/pdf/transportation.pdf
I'm with you Wacca... the '/s' at the end of my post means sarcasm
Peace