Member Info for GeneralLevy

Then the pound drops and RRE’s profits increase and it’ll still probably be worth less than the unrestricted cash in bank GLA

1685? My god

From reading it, it reads to me like the the other stakeholders %ages are also up for sale

Bwtfdik

Supposed to be a drilling update tomorrow (presumably west Brae infill) according to sharecast, but they did get the date of the interims wrong last time

You must be a nervous wreck at 6:59am every weekday

With the 4pm sp downward blip almost every day for the last 4 months and no reported trades of a size or nature to have caused the sp blip we see every day, I would say there are some sizeable offbook trades going on, hopefully whoever it is will be at their desired holding level soon enough. When I did some rough calcs I made it that at the rate Macq and Cav had been selling that they would be able to have halved their holdings by end of December which you would logically think would be the new position they were aiming for. Regards the split? May as well imo.

Bwtfdik GLA

By my reckoning that’s essentially the lowest sp since relist (maybe only 10 or 15p higher) wtaf

Gla

Mis-typed the amount of zeros, but you get the drift!

GLA

$1,200,000.00 (One Billion, Two Hundred Million dollars, zero cents)

You made it to filterland eventually ;)

No need to worry, rre’s assets are spread across the Netherlands and the former British republic of Scotland ;)

Imagine, another suspension another bagger 5 months later

Yep, the sale of large proportions of Shearwater and Tolmount excite me more though tbh

How do you turn STOIIP into 2C and 2P, is it data analysis/more drills or a mixture of the two? GLA

At least watching paint dry doesn’t whittle away your net worth ;)

“The Company had requested Government provide a commitment to enable the issue of up to US$1bn of guaranteed bonds in the event the Company was unable to issue unguaranteed bonds to refinance the RCF”Yet the government pays $37.12bln compensation to the EUWhat strange times indeedGLAGLTH

Arran will be 7k bopd of gas net to RRE when up and running, so I don't really subscribe to the train of thought that AA will particularly be scouting for gas assets ahead of oil

GLA BWTFDIK

Not really, RRE was 815p in late February, basically trading at a 20% premium to unrestricted cash and a pe of 1.2 as opposed to now a 7% premium to cash and a pe of 1.3

ii rebalancing won't last forever, likewise there are good odds on another re-rating acquisition this side of Christmas

Long term holders will remember 3 months of sideways share price action during the 20% share buyback, which was more frustrating than this post-suspension lift period. The company is grotesquely undervalued it's as simple as that

Lazy commentators cite decom costs which are materially no different to any other oil and gas company, basically trying to search for and retrofit a reason to the undervaluation and make themselves feel comfortable with the cash in bank/debt free/pe disconnect. The actual spend profile of the decom costs are negligible over the lifetime of the assets.

Sort of the pound has gone to 1.28 from 1.22 though which needs factoring in

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