Member Info for GeoChem

I've increased to 500K shares here for three reasons.

EOG market cap is absurd given the revenues accumulating from Wressle. It takes no account of the ongoing incomes in years ahead and the development planned. The SP is simply too low, I can't see anything other than very minor drops which I can absorb and are likely temporary. The potential rise from anything on Inishkea is huge and I cannot see how Eire can ignore the need for domestic production in the current geopolitical environment. Add to this that they have committed to new gas powered electricity generation. Their only option would be to develop LNG facilities at huge cost and delay which would be mad on every basis. They would also have to commit to long term buying contracts or get hammered by spot prices. Any movement on Inishkea sees this multibag.

Lets hope I'm right - Geo.

Vantage Towers deal completed, up to 6.6Bil into VOD which might help with Debt... came up in my new RNS listing. We're either heading sub 90 or +£1 but no idea which... divi not so far away though. GLA

Hi all, to check the BB status I just posted on DMTR which was taken private a few months ago. The chatboard still works even where the company is delisted. I don't expect this to be a problem for HUR. 40K shares here which I will vote. Unable to comment futher.
Regards - Geo

Hi All, though Deepmatter are now a private company rather than listed I still hold some shares. Their website does not appear to provide any information for shareholders. I would ask that any poster aware of any developments with Deepmatter could post a notification or link on this thread so that all might be made aware of any changes. I will of course do the same if anything should come to light. Regards all - GeoChem

And, in 2040 I'll have received £1.36 in divi's from my 94p investment in VOD.... yep Gaz, your glass is really half-empty mate.

Sorry Gus, I disagree. Something very odd with todays trading - something going on. ATB - Geo

Thanks for the info all, I'd seen the divi history but thanks Andy for the date confirmation which was also confirmed in todays RNS. Lot of bum info on the internet, a site said results 17-08-22 but must have been a guess. WDS very perky today... >£20 per share as I type. GLA.

One site I looked at today suggests Divi declaration is tomorrow. I'm not getting RNS's through my ISA custodian for some strange reason so it would be great if there was a little more chat on this board. It looks as if this is the quietest corner of the LSE forum... GLASH.

Not strictly true Tony, the acreage includes Corrib North which was discovered by Shell. They deemed it too tight to be commercial however drilling/completion technology for low permeability reservoirs has significantly advanced since then, look at Cygnus/Breagh for a case-study. Add to that the Eire is rather desperate for gas to feed it's ordered gas-to-power investments, the now value of gas, and Ukraine that reservoir looks a lot more interesting. ATB.

I'm invested in a small scale 100kW hydro scheme which was prompted by my lifetime O&G sins. It's turned out to be be a superb investment with good returns above BP divi...6.5%. As a result I get the financials every year and it's clear that green is good, financially. The RoR to the project is is circa 20% pa. So I'd concur, they can make money off the green side.

Hi Exploration, great background but one small correction, it was Sterling Resources who developed/explored Breagh... I know 'cos I lost a bundle there. They were great at geology, carp at business... regards

That's why I took another 30K shares today. It's either crash n'burn or multibagger. I'm as cofident as I can be that they will be OK as the market comes good next year. An awful lot of O&G needed... GLA.

Bought a few, nice gas bias and known to be a well run operation. My BP divi's probably coming here for diversification. GLA - GeoChem.

Exploration, a >96 hour DST is classed as a EWT and very difficult to permit. I do DST's, waiting for one at the mo. A 24hr main flow period is about the most you can get a permit for presently without mountainous quantities of DEC/NSTA submissions. At the end of the day, this is likely a finder well and I doubt any DST is likely though Shell have pockets deep enough. I'll ask the well test boys if they know anything when I get to play with my toys on the well coming up. ATB - GeoChem.

Just bought here yesterday, timing eh? IF the Valaris 122 is the rig lined up for Pensacola it has just spudded a quite challenging CNS HP/HT on 'Edinburgh' for Shell & partners. I suspect the 120+ day programme here is the reason for the delay but time will tell. The 122 is pretty high spec for a SNS well. I'm quite encouraged by the potential of Pensacola after the Darroch find.... GLA - GeoChem.

My IG tranche is now through too. I emailed them repeatedly and worded a sterner message yesterday alluding to possible losses. It's the only major gripe I've had with IG so I'm putting this down as a one-off. I sold 30K at 3.5p last week to ensure that I can always say I made a profit out of BOR, previously I was B/E. I only took my rights allocation but I got them all, 25K shares. Now we can only hope that Obee-one gets somewhere with the assets. GLA all.

Tovoc, it's proppant....

https://glossary.oilfield.slb.com/en/terms/p/proppant

Trying to not be a pedant but the use of the other term has been bugging me every time you use it, in all other regards you are consistently correct. GP is correct, the gas is more valuable at present rates than oil production however EOG need to be able to sell it, hence need the pipeline. IMHO, the high gas price will persist through to next year. I stated a while ago that further investment in Wressle should be EOG's highest priority, it's cheap to do being onshore and production rates are outstanding, BP would describe it as a money printer.

I'm not a fan of the serenity deal when Wressle is under-exploited and I'm worried what might happen if Eire suddenly pop's into reality. Sidenote I was bemused by the reference in the last RNS that EOG hold two licences in Eire... I thought DNO grabbed theirs back... ATB - Geo.

Nice simple solution for Bernie/BP. Issue shares in 'RusPet' to shareholders making a separate entity company. Employ Russian staff through the newCo to run it and distribute the Rosneft profits less opex to the shareholders. Allow the shareholders in the newCo to make their own moral decisions on whether to hold/sell. No loss of value to shareholders and BP is removed from Russian entanglements. It's rather like Evraz were doing with Radvaskoye...

just my tuppence worth.

For any interested...

https://bpt.q4web.com/news-releases/default.aspx

I'm hoping I've caught the divi record date but either way it's an interesting one.... and, it's BP related though my Lloyds are now b/e with divi..... !!

Just had a dig around for an alternative BP investment, and.... I've bought a 'sample' sized chunk of BP Prudhoe Bay Royalties [not-isa] in the US, complete punt but the yield looks interesting.... I'm an airhead on this one but, anyone else holding this or knowledge thereof? It's almost BP related!!!