Member Info for gordon1237

In the Q and A, they said FEED would take 9 months from award of licence and commissioning 3 years from then, so c 2026. Atb.

It would be nice to think so Espen but doubt whether I or too many other current Pi's will still be here. Atb.

I'm almost starting to believe this stuff about the sp being artificially held down for an II. An apparent 30 million buys to 10 million sells today and sp unchanged. Diabolical.

I think you've already given the answer Espen.
16 years ago, climate change was taken far less seriously than now. Indeed, there had been a huge change in just the last five years. However, obviously Roland was well ahead of the curve. Atb.

The whole point it isn't market forces. Normally with sustained buying, market forces would cause a rise in sp. Allegedly, that's not being allowed to happen. Atb.

Seems totally crooked to me. Depriving would be sellers of the true market price, just to please an II.

Okay Jasper. See what you are saying. What if there no more or only a few willing to sell at that price? One of two things must happen either they raise the price to attract sellers or they leave it the same and can't fill the order.

On the face of it there are 55m buys today against only 13 million sells. That deficit obviously can't continue for too long and they will need more people to sell.

Don't understand why, if there is that much buying pressure, the price would be stagnant. After all, for every buy there is a sell or sells. Normally the only way to persuade people to sell is to raise the price. That's the way it works. If demand is greater than supply the price goes up until they match. Atb.

Fortunately for us though.

Sorry, that should obviously read March 2022 quarterly report.

Jasper. Please feel free to correct me if I have missed something but I make the monthly cash burn considerably more than you imply.
From December 2021 quarterly report cash including Tranche 3 placement funds received post quarter end was £1.82 million.
From January 2022 quarterly report cash at period end was £1.31 million. That comes out at around £170k cash burn per month. That figure would, of course, be expected to increase a fair bit, due to additional costs of production.
I don't regard that as negative, as they always said that they amount produced would just cover costs. The cash flow, for the first time in years, is very welcome. It just emphasises how all important a successful refrac is. Looking forward to that outcome in a few months. Gla.

Of course, at the moment, even bank deposits aren't safe, with inflation at 8% and interest rates at 1%.

Agree Mannan. Even ftse100 shares aren't safe. For many years my biggest holding has been Lloyd's. What could be safer than a bank? Lol. Been beset by one disaster after another since 2009. We had the financial crisis, the PPI scandal, Covid, Brexit and now the psychopath in the Kremlin.

is definitely a buy

Yes, it always makes me laugh this definitive talk of churn. Obviously it's impossible to know who is behind any buy or sell and what the motivation is for buying or selling. Equally laughable are those who claim any large grey trade is define a buy. Thr reason it's grey, is it's not possible to tell.
As gor the motivationd of thr likes of Republic, who knows? They have increased their holdings previously and later there has been an announcement via rns that they have sold them back down. Could be different this time if they " have been taken inside" and are more confident. Time will tell. Presumably, it can't actually be legal to give insider info to those above a certain = holding, but it's bound to happen. Gka.

Browsing randomly back through old rns's and came across this. Guess who did the original fraccing of 77h back in 2014?
https://www.lse.co.uk/rns/OEX/cambay-77h-fracture-stimulation-contractor-wdasqj6rlgu0e0t.html
Yes it was Schlumberger. Amazing how things have come full circle in only 8 years. Looking forward to a happy ending to this saga. Gla

That's another thing he does. Accuses people of being someone else on the basis of zero evidence. Done it to me several times. Perhaps he believes there cant possibly be more than one person who disagrees with him. Lol.

The problem with Quint is not his strategy. Couldn't care less about that. It's the stream of personal abuse to anyone who even slightly disagrees with him.

Zag. Don't see any reason to doubt Jasper on this. Just looks like they are finally implementing the recommendations of the Baker Hughes /Schlumberger report from 5 years ago. Even better that it is actually being implemented by Schlumberger themselves. Atb.
https://www.lse.co.uk/rns/OEX/core-analysis-and-review-confirms-cambay-potential-0sg5kkj8eqrh43q.html