Member Info for Genghis15

Apologies if already posted, but BMD predicting a raise. Comments?

And yes, I know he's hardly a top notch analyst, but love him or loathe him, he does get quite a lot right.

Well, at the risk of being called a deramper, if WEI holds 19.3%, SuperRoty may have a point.

My modest stake here was bough at the equivalent of 399p, so I have no incentive to deramp. Except that if it really does go sub £1, it will be a great top up opportunity for those that can.

In the end, the investment case is here, but it could take a longish while to get out from under Woodford's cloud, imho.

The trouble is where the Income Fund goes today, Patient capital may well go tomorrow. How the hell you wing up a fund which has deliberately invested in illiquid, long term companies I don't know, but it seems to me Woodford's rep is jusy so shot that his funds cannot survive in their current form. w could be caught in this mess for a long time yet.

But this is about more than just production, of course.

I note on p11 of the roadshow slides pre start up volumes of 250=300Mbl. Post start up, with NO pressure barriers yet identified "Larger connected volume - to be quantified".

There are those here better qualified than me to say if this is significant (after all, the CPR has 523MB, from memory) but the EPS data must be proving this up with every day that goes by.

Oh, to have been a fly on the wall at the roadshow...…...

Agreed. Biffa. I hope to be at the RGS on that date.

Coco you have a point, but I felt that the origin of the story was important.

Anyway, enuff said.

That's very interesting. Would HUR be meeting with CA alone? Or could this tie in with Oldpro's post about an ongoing roadshow?

Well, you never know, tho as I pointed out Solan is in the wrong place for a WOSPS tie in.

As for shared development of basement, whilst HH has a point, bear in mind the dark hand of the OGA.

Their brief is to accelerate development, and if it suited them to bang heads together, they just might. In that situation, its usually the big boys who call the shots.

Astonishing....a factual, well written and informative article.

In the Mail!

Geography? Surely HUR's gas need to head N/NE. to Shetland, and tie in to WOSPS at the T piece above Whirlwind. Hence why Whirlwind has crept into the plans, and bee mentioned a couple times by AS.

Astonishing to see all th sell
s going thru.

the time to sell was when the raise was leaked, not at the post raise price.

Biffa
With HUR giving up Strathmore, could it be that PMO might drill that to tieback?

This article is from the Spectator.

"The Spectator is a weekly British magazine on politics, culture, and current affairs. It was first published in July 1828. It is owned by David and Frederick Barclay who also own The Daily Telegraph newspaper, via Press Holdings. Its principal subject areas are politics and culture. "Wikipedia

So, with the same owners as the Torygraph, it is descending into the same sort of hate politics as a that paper sadly has. Recognise this for what it is, unsubtle propaganda from offshore billionaires wishing to cast doubt on CC.

More importantly, it has no place here. This is an investment bb, and ,no, the rule don't say you can go OT bcos its the weekend. And its not the weekend yet anyway,

So, please, stick to non political posts, preferably about investment, preferably about HUR.

rodster

Yes, it has changed ; but what is happening is RBD are doubling up on a winning bet, on 2 projects tat have been hugely derisked by initial drilling. I have no problems with thisc strategy.

What needs explanation is how the placing news leaked and sabotaged the SP.
Without that leak, the raise would likely have got away at well over 1.00, mb even 1.15, a huge difference.

As it is we are pegged back to 0.9 and a lot of recent investors are understandably miffed.

The interview has been paid for, one way or another, by RBD, and she will ask the Qs she has been told to.

Standard PR. And she does it perfectly well, and perfectly professionally.

Stick to the facts of the interview.

Yes, I thought bso ; it was only c/f from the 1/2 year, will have been paid by now.

Remember the convo interest.7.5%

SG, I'm sure that's true, but w won't know that until next CMd in Q1.

We do know, tho, that the PI was "world class" when first drilled, and was EVEN BETTER post FOIL, after (presumably the wells cleaned up better. Per CMD July.

Good enuff, methinks, if there had been a significant change the co has said t would update, and it hasn't.

Was 4 June. 4 months solid production behind us.

No water bthru, no petering out, no gas cap, no wax issues, nothing. Just solid, continuous, flow.

Pretty soon someone has to take notice.

This is what matters.

Money in the bank, and most important, proving up the reservoir, the FB concept, and the initial reserve base.