Member Info for gregpeck7

I promise!!! He says!

Numbers being set. This is the 300p fire. Outstanding performance and exceptional outlook.

PS also remember Pesh wells are multiple zone producers and this optimisation process is not quick.... The fact the oil water contact is deeper than expected is very good news though.

If you read a lot of oil well announcements most of the time discoveries become disappointing, some special ones though just keep giving, they keep surprising. Expectations are raised and then the bar gets raised again and again... A resource that was maybe a 50m target becomes a 500m elephant... I think that is what we have at Peshkabir... Also in the DNO statement - not the Genel on - there is a latter comment from DNO basically saying Peshkabir keeps "surprising" them at how good it is.... The question we should all be wanting answered now is how good is it... I have moved higher and higher in my expectations and I do now think we are looking at a circa 400m P2 situation, which is outrageous.

Based on previous wells I would expect Pesh 6 could be 3 - 8 weeks away from a conclusive results... Some of the horizontal elements of the drilling formation are up to 1000m long I believe so these are complex wells...

Tartine, all of the rigs have been at Pesh, its just natural decline, there is a well about to come online at Tawke, will prob add 3 - 5,000 bopd.... And next 6 months I think you will see Tawke accelerate and Peshkabir plateau... They only have so many rigs though... Almost all of the rigs that "were" maintaining and drilling Tawke are currently drilling Pesh.... Nothing to see there....

Obviously we have Miran and Bina Bawi to come.... Which is excellent...

Looks like another new deeper zone.. I am starting to pencil in Pesh being as big as Tawke.. I had it down as 50m p2 on discovery, I now log it as 300 -450m p2... Interesting to see what the CPR says...

My back of a fag packet calcs show, that if production from Tawke and Pesh hits the levels I expect (200,000 bopd combined) then based on the receivables contract we should receive around our current market cap in income between now and the termination of the agreement... Staggering... Need oil over 80..... But that is crazy.

Quite possibly mate... I agree. Time will tell....

Happy, I have changed my tune based on what I now know... I don't post here much anymore but I do follow, other than the odd post I dont agree with what others are doing and systematically trashing a BB (ADVFN) but I do wish to give my opinion every now and again without getting abuse (not saying you have BTW just putting it out there)...

I am very annoyed that I called this wrong and frustrated as IMO based on what I could find out everything looks good.. But if the milks off, the cup of tea tastes awful, and thats how I look here at the moment... Things can change again in the future, but I personally don't invest somewhere where I dont trust the hierachy, and I dont trust them here... The more you look at the CEO appointment the more questions it raises... And TBH why is he not buying shares at this level and the chairman is selling if all is well... Something just does not feel right at the moment... Happy to be proved wrong...

So no holdings RNS has appeared updating the market where the 1 million share "dump" landed... This suggests to me that the shares have been taken in large part by PI's which is very disappointing.. Clearly no II looking to build a position.. Look at it from this perspective, HC went round the square mile raising funds for IDP at 270p, no doubt saying how great the prospects here are, and then dumps a load at 150p when momentum is finally coming.. You have to presume he could not sell to an II as that would have been the sensible thing to do and would have built confidence in the stock, so he dumps 1 million on the open market... I think the city has had enough personally... Heaven help IDP if they do ever need to go for a fund raise as trust has gone.. And I include mine in that... Great products but the overall picture does not sit right to me and I don't like the CEO appointment at all.....

Interesting to see how it all pans out, could go well, but I would be highly concerned about investing hard earned here based on what I "know" and based on the concerns I have around what I "don't" know....

No unexpected occurrences.. By that I mean absolutely anything you can think of in the wacky races world of the middle east.. Watch the money flow in here now...

Pawn, when an oil company has news on a well, it is released to the market straight away (for example) if that comes overnight then yes, a 7am job... But it should be logged as fast as good faith allows.... If confirmation came at 4:30 on the 18th - clearly no way.... If it was there lunch time on the 18th, nothing at all to stop them releasing it... They should release it ASAP because the whole point is that stops people trading at an advantage.... People at Boots and IDP would have know that news and its market sensitive. It should be released as soon as possible....

Happy, dont get me wrong, I cannot argue with you on the operational side.. It all looks very promising, very promising indeed really... So why sell a million shares with everything looking so good? I really dont get it...

Re the interview.. Cannot have been recorded that far in advance as they were taking about yesterday, if it was in advance they would not have known about the Boots news?! If it was only received one day before?! Unless you mean it was hours early? I don't see how that is really relevant though as surely they would have known what time it was going out?

Looking at the trading on results day, it spiked to 210 ish within 10 minutes, then tracked back to 170 within 2 hours... Whilst the said interview was on the air..... It then really slumped to close 143, before a 145 untie..... HC's declaration says an "average" price of 150 per share.... so based on my view of the markets, realistically that sell had to be active on the 19th, else he could not have achieved that average selling price....

Happy I am stating a series of facts here... I clearly don't have the full picture as I have made clear, and I made clear in my earlier post in saying only the FCA will be able to tell...

What is known is that

HC has sold 1,000000 shares.
The Share price started seriously heading south around 8:30 on results day.
At around 9am results day, HC and Kieron are on TV saying number are conservative, all good, what a great day etc etc
They also say in the TV interview that the Boots news was received the day before (ie the 18th) - should it not have been released to the market on the 18th then? Why was it held back to the 19th? Who knew what on the 18th? All variables taken account of it does seem somewhat surprising that Boots suddenly told IDP of the store news on the exact day the directors came out of a closed period of trading. Clearly this could be the case.. I am suggesting it is worth checking... And as an ordinary person I have no way of checking...

These are all valid questions....

RE the CEO appointment, its all on Linked in and other sources, but not in the RNS, there is clearly a very recent connection of them working together at Endulj, and I find no evidence it is still trading, the website pointed to in reference material is not up.... But this information was not given to shareholders, despite it being very recent... Further to this Whilst he was there he completed a capital raise and was congratulated for this work by HC himself on his linked in page.... He then pops up over here..... These are all facts as far as I am concerned that can be found by performing google search's and as an investor I am within my rights to try and piece these together....

I can assure you I have not bought any shares today or yesterday....

I suggest we do as you suggest.. I have contacted the FCA on this address

whistle@fca.org.uk

And I have had a reply. As suggested (although I did some days ago) I highlighted the Boots deal, the TV interview, and the timings of the share dump (which we don't know but suspect was in flight during that TV interview)....

Only FCA can get to the bottom of this..

The Haris / Callan link up is of concern to me. Others need to make up their own mind... Had the appointment been more open at the time and made clear the previous relationships then I would potentially retract these concerns. Experience tells me when this type of detail is not provided it is not usually a good sign.... Why else do you not mention such a key piece of information that is also very, very recent....

Camelot agree 100%. You would have thought after the prolong "sale" he would have got the message, but it appears not.. I personally still think (and hope) the FCA may look into this... That will not be good news for the company as a whole but long term positive... Some sort of investigation into what HC knew and when, and when he sold his stock is needed IMO to drain the swamp IDP is now engulfed in.... Also more questions need to be asked and answered as to the links between HC and Kieron. And as I showed the other day.. His recent boast on linked in around capital raising for Endulj.. Which now looks to be not trading.. So presumably investors there lost everything... HC comes in with the lifeboat, and suddenly he is IDP's CEO after an exhaustive search, which found we actually had the best candidate sat on the board already!?

We dont know what time the trades were, when the Boots information was available, they said on the TV it was "the day before" could it have been released the day before? I doubt Boots mailed them at 4:30pm? When he was sitting on TV saying profits are conservative , nudge nudge wink wink, was his sale going through? Its for the FCA to decide when in possession of all the facts (if they choose to look) if he has done anything wrong... personally I think the whole thing stinks to high heaven and it looks to me like many agree. I think he has done untold damage to the company via his actions and the links between himself and Kieron should have been made clear to investors before his appointment... IDP is a great business but I think the leadership have huge question marks over them...

He did start the company mate, but he has listed it now.. And it should be run for the benefit of shareholders, not him.... The reason the SP is where it is IMO, is a direct result of the way the company is primarily run in a sub optimal manner from a wider shareholder perspective... It is rare for founders who believe in their companies to dramatically offload stock... I pointed at Microsoft, Amazon, Google, Facebook.. These guys did not get rich by ditching large chunks of the company when it was in the embryo stage... It's not what I expect and it's not attractive for potential investors to see.. The optics are not good. Personally I thought after the Prolong incident and SP reaction I hoped he would have learnt his lesson... It would appear not...

And to whoever made the point earlier, yes I agree, HC should get a "roasting" at the AGM and these questions should be aired... If I am there I will be asking as many as I can myself.

Camelot, I really regret not doing more research into HC.. I love the company and the products but I really feel strongly now that we have a rotten apple in the basket here... And rather than having an independent CEO who can take the company forward and put him in his box (for want of a better phrase) I think we have a lapdog...

Calls himself a Gypsy... Is this really our Chairman... He seems to me to not be anything like the calibre of individual I would want fronting this..

https://www.youtube.com/watch?v=8FUHV2oS8EA

And I am concerned that the connections to Kieron are there for the world to see, but they mention everything except the fact that he has just moved from CEO of another company where HC is the director to this one on his appointment... Plenty of what he was doing 20 years ago though....

Just does not smell right to me anymore...