Member Info for Harryshang

I do not understand the sniping. Surely, the success of RBD and UJO is closely correlated in so far as WN .

I wish the best to the respective shareholders.

Harry

SB,

My take on sausages is Woodalls of Waberthwaite: you could pop in for a beer at Wasdale.

We need your insight, industry knowledge and wit on the RBD & UJO boards.

Harry

Thanks SB,

I’ll take a look at that.

Hope all is well in Lancashire.

Harry

SB,

Good evening, would you care to divulge the specific oil field.

Harry

Lucky man 2,

Would you please advise on the share of costs breakdown given Rathlin have 66%. Thanks in advance ...

Harry

In my opinion, a correlation between the raises of UJO and RBD is erroneous as UJO have direct costs associated with the EWT at WN or further drill costs which may be necessary to harvest: RBD are not liable as they are a shareholder in Rathlin.

I see the raise as directly linked to further equity in Rathlin. I am not privy to the contract RBD have with Rathlin, however, it would not surprise if the astute S&S have a condition which prevents dilution of their interest thereby disallowing a raise by Rathlin . Solely my opinion.

Harry

“growing income stream” is an interesting statement.

Where is the update on California?

I agree an IPO of Raithlin is the consonant route to establish shareholder value.

Harry

AJ, You have a valid question. S&S need to manage expectations. Harry

https://mobile.twitter.com/alexios1201/status/1133797274201612288?prefetchtimestamp=1559160898753

Compliments to Alexios on the UJO board.

Harry

imminent 6 month report due to Investors in whatever fund RBD is a constituent part- that constituent is negative 20% +. I feel sure their former colleagues will be in the faces of S&S seeking explanation. Point of interest, in the “Big Short” one can see what happens when Investors and the team are down 11% in a fund. Worth a watch. The RNS this week was not the important one- flow rates and cash flows from California required. Consequently, today’s trading is a mirror image of how the market reacts where the business plan has not illustrated results based on the model. S&S need to deliver. Harry

Jack, An excellent, objective and factual post..

5/9/2018 4.8mm raised @ 85: 3mm from cornerstone M&G. Clearly, the business plan presented to the II’s has not materialised to date: they are down in excess of 20%. I feel sure there is contact between the BOD and M&G and, explanation being sought. The revised BP would be welcomed by all including this PI. I continue to add at these levels. Harry

Trytryagain A valid point. Harry

Invested £3mm @ 85p which is perhaps the strongest indication that S&S’s grand plan was a current SP of £1. In fairness, it was not reasonably foreseeable that an impecunious investment fund would upset the applecart. The Colter drill produced a commercial result which in the fullness of time will be conveyed. The fundamentals are sound (perhaps 750k spent on a sidetrack was naive) and I am taking advantage of current weakness. Harry

Fergus, Apologies, signed in on The Outlaw’s Desk Top in Beijing. Mobile now charged@ 02:30. Harry

Ying Tong Always illustrative and objectively balanced posts are appreciated. My understanding is funding will be from “Existing cash balances and future cash generation...” Extrapolated from the projection study independently commissioned. That said, they are merely projections and the future cash calls seem, on the face, onerous. I guess the Q3 fs will make interesting reading. Harry

SB I agree with the substantive post. However, why would MF have a hope of inclusion in the Q3 fs when they state: “... delay is due to the final stage of the merger of shares of Oleo e Gas Participoconoes SA by Dommo Energia SA ... the last step of judicial reorganisation of both parties and the signing of a New Charter Agreement for FPSO OSX-3 ... Simon’s tweet 26/11 and the purported later assertions to selected SH’s were “Aloadai”. Harry

Factual and unequivocal summary of the state of play offshoreenergytoday.com Harry

In Whitehall, especially the dining room is a venue well chosen by Minty: it’s not a forum where “ blazing guns” would be accepted or tolerated. More a venue consonant with acquiescence, cajolery and repartee especially where one’s position is overloaded. The current overriding question is when will the next Placing be announced where there is no revenue? Harry

Ying Tong, If it’s the China facility I have researched, the owners have been wise in partial reimbursement by way of insurance covering its cancellation from previous deployment. However, to my knowledge, the costly tech remains incomplete. 200 year anniversary of Peterloo in 2019, perhaps NUOG might be assuaged to represent SH interests to deflect what may be impeachment. Harry