Member Info for highlandmatt

It is possible to disagree politely. Equally, politeness doesn't win a debate, you just might chose not to take that viewpoint onboard. For example, 'thank you for that info, I will consider it' (and potentially file it for the future or totally discount it).

However, the benefit of a civil board is that you can at least ask potentially daft laddie questions and get an answer. That is of benefit to everyone, as not only do we get answers, but others are encouraged (or not discouraged) to post.

To use your good self as an example, and plagiarising a quote, I don't necessarily agree with what you say, but I believe you (and everyone) have the right to air your questions and opinions, as long as they are put forward politely and not defamatory.

Very true Jace.

Excellent point Jace. In the UK we have free healthcare, so don't need insurance. In countries where private arrangements are required, you can imagine insurers making it part of the medical assessment, or individual's choosing to get the test to get a lower premium.

Very true Obadhia. We should own our decisions (no-one else pressed the buy button or didn't press the sell button), whether these are good or bad, so it hurts when they go wrong. I definitely see this in myself. When the portfolio is up, so is my mood, when down, maybe more so. It's not the money, it's what that money can do in terms of changing work/life balance. My hope is that I learn from the experiences and don't take it out on anyone else.

Whatever our thoughts about an investment or opinions of others, there is no need for name calling. Let us conduct ourselves with civility. Let us aspire to JP Morgan's 'first class business, in a first class way'.

Just experience of having to rewrite things. But yes, I'm an optimist. I think you have to have an element of that to invest in small caps.

Depends if it has to be rewritten owing to changing events (hopefully progress).

My additional buy this morning at 2.4p looks like poor timing in the short run, but a great entry point in the long run (1-2 years?).

I think stating that T&T is failing to move forward is a little harsh. Look how long it takes to get permissions to do anything onshore in the UK. Remember Paul's comment about the conversation with Shell, where the Shell guys were quoted as saying 'you guys are moving at lightning speed'.

Excellent news, but CorePath doesn't look huge, revenue about $4.5m a quarter. However, hopefully this is a big move for them as well, so they'll be motivated.

That's been removed. Check the recent RNSs.

Yep, that's why I topped up my TXP holding this morning and not my PRD.

Well since Adon has started....

1. Predator (PRD) - CPR proven contingent gas resources in Morocco, awaiting successor licensing for discovered gas in Ireland. Main problem is cash to develop, but Morocco is onshore so should be cheap and doable. No debt.
2. Aminex (AEX) - 25% of Ruvuma in Tanzania, flowed gas. Size of field still be proven up, but multiple TCF. Free carry to production. No debt.
3. Don't overlook Scirocco. Same assets as AEX, but not funded and looking to sell. Mcap only £4m so a sale would be an instant rerate.
4. Helium One (He1). Not strictly proven resources as yet, but the Helium is there, just hasn't been flowed. If proven up, would be the world's largest Helium asset.

Is that an open question Sturm? Can anyone pitch ideas?

Delays and lack of news are understandably frustrating, but par for the course when short of funds and not able to hose money at projects. Ireland will come good, just takes time. Working in the public sector it is amazing how good ideas don't go anywhere for months or years, until it becomes a political necessity, in which case implementation is fast-tracked. As has been highlighted, the Irish government is consulting currently. Hopefully the publicity from the conference makes a penny drop somewhere. Do I recall the Eirgrid innovation chap was on the panel as well? The kind of person that gets asked for ideas when rapid solutions are needed. Hopefully PG had a good chat over the buffet and profile is raised. That's all that was about. We shouldn't be expecting a gov press release suddenly saying 'we now realise Predator are right'.

In terms of Morocco, remember Chariot's Anchois hasn't been (and won't be in the near future?) flow tested either, and that has many excited. I'd love to know how many companies PG and Lonny are speaking to, and going around the cycles of negotiation with. This all takes time to find a select the right partner.

And don't write off T&T. Lease Operators didn't enter in to an agreement for nothing.

For those doubting, just reread the CPR and Novum note, and compare the NPV to current mcap.

On my wish list, in order of likelihood :-
1. Greenan update, incl income and expenditure
2. EAG business development (tech sales?)
3. Ruvuma seismic update
4. Ruvuma sale progress

I see twitter is alive with excitement around AEX newsflow over Q2 and Q3, but forgetting SCIR has the same potential flow.

Had another nibble. Slowly building the position here. Plenty of companies out there with high mcaps and no income.

If that is the case, what does the £10k sell know?!
Alternatively, killer spread if that is an ISA transfer.

I don't think Paul intends saying anything until Coho is online. If we have Casca approval by then, it will be announced at the same time. Might get a Royston sidetrack? End of May or before the London conference ( 21st?).

Credit to Croxie:

@Croxie04 1h
Thanks Lonnie. I am an investor and have been for over 2 years. When will we start to see this collective success turn into something other then words…?
Lonny Baumgardner@lonny1971 22m
Hi Simon, hopefully soon. Believe me, it's not from the lack of trying. What I can say, and promise is that we will not let up on our relentless push for change, quick change. From what we have learned from this Summit, something has got to give, and soon.