Member Info for GeoChem

Topped-up 10K shares am. I'm not expecting any major change here until next year. Major suppliers Vetco etc are building a two year wait list for wellheads and E&A activity only now getting hot. Once the capacity goes to a backlog there will be a marked pick-up for Plexus. Also, some projects are HP/HT, eg Jackdaw and new exploration too. There will be a lag but POS will see progress next year. Would be nice to see a divi next year... keep the faith.

Spights, yes, me too at 46p but pre-record date and awaiting 1.33p/sh divi in May[?]. Generally unexciting share that yields a circa 4% divi return. Part of my sector diversified dividend LT hold block of stock, which includes BP. In the ISA, of course. It's never been very fashionable as a share to hold, donket some say but it seems to be at a very investable share price to me at the mo. All the best Maam, Geo.

Guy Martin illuminates the EV realities here, little old but.....

https://www.youtube.com/watch?v=_FgxzYVaItQ

Yep Falky, there was a spike-up about 2pm, almost hit 2p on the bid and went to auction... regards.

40thSB, that's a very good question. I hadn't considered that, however I'll be buying out of my 21-22 float and was then depositing my ISA block later, I wonder how that is treated? A very good pertinent question you have raised, thanks . Any CA's out there with a definitive answer on this?

WW, it was near impossible to farm this out while O&G prices were in the basement, the sudden change in prices now makes this [or a sale] very possible. To add to the product pricing, the lull in E&A [that's exploration/appraisal] since 2014 following on from 2007 [WW economic crash and consequent halt to E&A during that period] lead to a huge shortage of "drill ready" reserves around the world. Even the Levant basin, the worlds most exciting gas prone area, has only seen a handful of wells drilled. In short, if not now, it'll be never-ish, until the next time....etc.
FYI for all, I got a message from IG today to take up my offer shares so if you haven't heard better chase-up yers brokers...
ATB - GeoChem.

NSS22, afraid Sea Lion is out, the Argentinians would sanction operations in Argentina, Vaca Muerte / patagonia, so that dog don't hunt. Big push in the Levant, Cyprus looking good, gas near to Zohr, all that would be a fillip..... Regards - GeoChem.

Sidebar, I'm looking at Russia -20%, OP+20% net ZERO so holding LT and liking Divi, the market will eventually smell the coffee.

And I quote: "Is it wrong to laugh my ass off at the shares that were sold yesterday !!!
A lot of people have cost themselves a lot of money by short sighted profit grabbing."
I've always broadly respected your input on this forum but I found your comment above somewhat galling, as barnyards said, it's not a profit until it's in the bank and it's a lesson I have learned since starting share investing in the mid 1990's. I'm not "sensitive" about trading, generally I don't do it however on this stock it makes sense when the levels of volatility are as evident as they are now. As far as being a LTH, I am too, I first bought after the Darwin discovery and I've always held BOR shares since then, from as little as 2000 up to 300K shares. I think history tells us that this beastie spikes and I have always zeroed my holding cost in these periods and then built back holding at acceptable prices, my average WAS 1.05p/sh, it's now ~0.01p. I would fully accept that IF this comes off you'll be very wealthy, and good luck to you, but I am the custodian of my children's future affluence so my risk/gain exposure here is at an acceptable level for me. Greed, superiority and arrogance are unappealing qualities evident in your quote, regardless of which I wish you well and good fortune. Regards - GeoChem, [which I do, professionally, Gus].

Hey Anth72, I sold 20,000 shares at 3.01p on the 8th [just missed by seconds the 3.5p] netting me £600. Via open offer, I get 22,860 shares for £300. I suppose that gives you a LMAO moment and makes me the clown Einstein. I've traded the spikes with 20,000 shares a time here recently, my shares are pretty much free, all 160K [182,860] of them. - Regards.

For the confused, it's not a rights issue, it's a private placement. Nobody HAS to buy additional BOR shares.

https://uk.practicallaw.thomsonreuters.com/5-626-7359?transitionType=Default&contextData=(sc.Default)

Read into this as you will, I think Phil alluded to the coming half year report. GLA - Geo

Agreed with all the LTH's comments. The level of raise just shows contingency for a negotiating period. Bluntly, September was in my mind for a likely conclusion point anyway, no doubt those here for a quick Buck will drift away. I'm lacking in knowledge on closed periods and the implications to this event but it implies nothing quick happening. I still remain convinced that farm-in or sale will happen and that the SP gain will be "bagger" territory. I'm still holding in quantity. GeoChem.

Just contacted IG and they confirm it's embargoed and can only be sold through their platform. I suspect it relates to the juristiction they operate from. Never mind... worse things going on!

SunZoo, rowboat & black n'decker for that... try 60-80mil minimum. Equinor are supposed to be putting a rig off Argentina this year so plausible that you could reduce mob costs but the last two wells cost 150 mil+ as I recall. Besides, Argentina will obstruct/sanction any deal of that type...

In other news, very odd trading action still prevails, looks to me like someone bought 1.5million shares today in two tranches, but, I'm probably wrong. The recent selling day gave me concern that something had broken down with discussions... who knows. I am now fairly committed to just seeing this out to whatever conclusion for a binary win/lose outcome, worst case 10 months which is short-term for any B&S holder! ATB all....

Just to say that I joined holders here a few days ago at 225. I'm hoping I picked the bottom as I've been monitoring this for a good while and the divi is close at hand. I'd like it to be a long term income hold but that will depend on SP performance vs Divi yield. If performance looks good I'd like to add more. This is a very good play for a diversified investment and the first of this type of share I've bought... geo.

Iceberg on the order book in sight by anyone? Will we see a PM surge in Bid/Ask again, something going on for sure....

My Divi now in IG acc.... Nice.

Hi Tovoc, Generally for LNG you need circa 10TCF reserves. The volumes here are well below viable for any LNG plant I know of. Direct gas sales require high levels of processing [https://www.nationalgrid.com/uk/gas-transmission/data-and-operations/quality] and an export line, economically impractical here. Gas to power is fairly simple and is the optimal solution at Wressle. Their biggest issue is probably getting the mains connection permissions from the local operator. As the press/news is full of it, electricity revenues can be quite useful.... ATB.

Very odd market action today, SP went up to 1.5p to buy and a chunky buy later on...... possible RNS in the pipes?..

I'm pretty depressed by the way this has been handled, I'd echo Gus that there's no excuse for this being 'beyond' the wire/finish-line. Contingency for this scenario should have been laid more than a year ago. I know that it must be difficult facing falling and low SP/Mcap but the wages do reflect a CEO status and the job is pretty part-time, it's p-poor really. Regardless of this shortfall, I don't see it as possible that any fundraise is viable beyond loan/warrants, a rights issue is a non-starter for me and I've worked the numbers.

I think that the current oil/gas price environment and the shortage of appraisal stage projects of scale means that we are clearly an attractive prospect right now. But, I don't see how a farm-out goes as the costs for a part-share dramatically exceed the value of B&S taken-out. The only way it works is that the majority of institutions holding B&S won't take a lower bid than their buy-in. I know that one of them got millions at circa 0.1p [Damille?] when another wanted to move-on their entire holding. Although I'm guilty of falling in love with the asset/Co/FI dream, and want B&S to succeed, a farm-out may not generate the SP gain [after c.9 years] I'd like to see though the SP would certainly rise with back-costs repaid and wells to come, but....

Ah, the frustrations of AIM shares folks!! I'm sure we'll know where we stand soon at least... Best to all - Geo