The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Nice to see you both here, it's a nice private place to chat until the Radar here goes off, with the SP changes it is only a matter of time. You need to be wary of the MM's doing atree shake over here in the next week or so, they may well push the price down for a couple of days to try and rattle the unknowing. I doubt you are in here spooni, I would say it may be just too late to get inside with the SP having done about 6p over the week or so. I understand, there is very good news around the corner in the timeframe 3-6 weeks though deepends on the RNS stages. They could issue one to report at TD/Logging/initial well prognosis, geology sand size Etc. Etc.. and the Well Testing would be behind that, or keep it all back to the end... I don't know. If you use the links I have posted over the last couple of weeks you will get to Investor Village BB for SE where you will find a lot of very interesting speculation... from my contacts about 85% is correct. Timings are all wrong, I know folk in Aberdeen who can tell me what is moving through the docks and going where and there are comms all the time. From what I have heard they are not quite at TD yet, but all looks good.. better, don't know about the coring stuff yet but asking around. You need to remember there are folk coming on and off the Guardian all the time, bar chat etc. You can get all the Geology off the Stratic&IFR websites, there is enough there to get the jist PLUS the links I posted about oilexco.. Geo
You should exceed that, my guess is about a month beforethings warm up significantly. Regards - Geo By the way, sorry about the Luckya Twerp over on SEY, clearly a newbie with no clue, comfort yourself with the fact that he's is probably just on the start of a extended losing run-....twit. All the Best - Geo
I think this will only get stranger... in a good way, when you say out now you don't mean sold do you? More to come I think... Checked over on TSX and IFR is still passive. The folks over there have had three NSea dusters and are nervous about this one as it will empty the piggybank.... BUT, if it comes in... well I posted the numbers to you the other day. There is some strong volume in IFR but some are selling, long termers, and a new kind of buyer is taking their place... the tide is only starting to turn there. Cheers - geo
SE opens up 3c higher after TSX-V opens... UK prices following by the look. Rember that if you decide to sell these shares at any time you never take the given price, just below mid is the norm, looks like more gains coming here though. IMHO/DYOR - Geo
They drilled on with the "end" of the water injection well to look at the new formation, proved up a new panel of oil bearing sand then closed it up to allow the top to be used for pressure support of the main field, Don SW I think, the new oil structure will require a separate well but they know it is there now. It shows there is still exploration upside in the area where they have put the Northern Producer and production wells can target incremental oil plays... v.good news. How is your XTR doing, had a look over there recently? - IMHO/DYOR - Geo
You are the one with all the info links!!!! You need to extract your finger and get over there... to your computer!!! Is it still suspended???? What is going on???? -Geo
Think I know but cannot say ....anything for sure..... Geo
Link: http://www.investorvillage.com/smbd.asp?mb=13216&mn=3577&pt=msg&mid=7725827 Cheers - Geo, looks like a lot more upside if any of this comes into SE.'s block...?
Mikey.. gone for a while.
Just because there was gas near does not preclude oil here. I feel 1 Bil Barrel Oil, dont forget oil seeps at surface. Really does not mean that much BUT in KRG there are about seven different horizons which are hydrocarbon bearing, most oil, the formations range from GKP's level shallow to about 3000m with a lot of HP/HT zones in the middle. That is why GKP had to drill a shallow pilot hole, their main target is another 1500m deeper, the shallow stuff is a bonus though. One of the Canuk operators had to abandon their drill as they had HUGE mud losses and ran into mid-depth HPHT zones they could not control, then they could not case so had to abandon. - Geo
There is a range of assets here, Crawford redevelopment [next year], Crawford is a sleeping Giant, Bowmore, Longanesi is sell or good returns, Syria was a buy from Grove Energy, their old holders reckon there could be a biggy here... there is potential in that it is a continuation of the Zagros Fold. Bowmore could be very significant from all I have picked up on the jungle drums, Some of the buys look like offtherig types, either way it looks like the revenues from W.Don, I worked it out to be ~ 120mil a year will keep them in beer and skittles and allow them to develop/drill without any debt, the management here are all ex Enterprise Oil who Shell bought for 4bil a few years ago, they know what they are doing. There is also Cairngorm in the N.Sea... this one is like Bowmore WAS... a bit of a wild Card but it was discovered by Enterprise. Pretty unique in that it is "fractured Granite" reservoir, these are common in S. America but no knowledge base here in the UK... could be anything. BOL - geo... any news on the suspension, can't see anything myself???
Going to SEY for a while. - Geo
is why you are here... probable 1 month. - Geo
In the business knows this, the big oil price drop has put masses of projects on hold, appart from the Excess floating around in Tankers right now when consumption restarts ther is a big shortage. The US consumption reports show that there was no US decline in petrol use over the summer, consumption is at minimum and yet only 2-5% excess available.... meanwhile Chine/India and all emerging economies are all out buying Cars... take a guess as for 2011... $120/BBl would be mine but we will get to $250 in next 5 years, - Geo
Long term here and have a very high exit point as I see very good things here. The Asset base is best in class. Geo
is good news here, with this rise on the back of just the W.Don RNS that went out today I see very +ive upside here, just depends on where your take point is. I hold bot UK & Canada, I am told there is a Cap Gains advantage in holding in Canada, also find the TSX less strangled by the MM's. - Geo
Also trying to Sell Dutch Interests which include a found field , Horizon West I think.... there is all goood stuff here. Going to TDW after this post - Geo
Please post Link here mikey, its a private board after all!!!! Thanks - Geo
I cant see any news being Negative... only good due. SE. got 50mil for selling Breagh just weeks ago so money not an issue. Tryng to sell Longanesi [Italy] and Turkish gas fields.. either one will bring in big bucks... in short... NO DOWNSIDE major upside only. - Geo
Would not dismiss T-O, BUT there may be big news on Bowmore, or even Syria spud, also V Big SP movement... may be reason for halt - need to go back to TDW to find out where my stuff is at... others in play too. Back soon - Geo