Member Info for highlandmatt

Massive reserve upgrade on results of pressure testing analysis. Read the RNS for last 2-3months.

@Northern. Different departments? Tanz Revenue Authority for the CGT, versus TPDC for the KN1 receipts.

If I was the BOD, I would be very tempted to use all of the available time if it meant they could produce a positive AR. Completion of Farmout and receipt of funds would certainly be a positive. Can imagine there is a lot of rewriting going on.

Aye. So has mine. But they are supposed to be professionals...

Hi BF. Indeed, I was just thinking that. I can't believe their timing would be that bad twice. It's got to be forced on the fund manager for some reason. KMR demand seems to be holding up for now...

Certainly has the effect of depressing the SP though.

Plus, you've potentially got folks that bought in the last few weeks for 0.5p, and quite happy to sell a month later for 50% return.

Normally, you would be right, Frank. But it's a tough crowd at the moment, with oil at $20 and many folks and companies not awash with spare cash, nor with certainty of what the future holds.

"Eons"? It feels longer than that!
Either way, it now feels like there is some progress. A relief for LTHs, some who have been waiting a lot longer than me.

Yes, I know, but I'm wondering if the Tanz Gov have conveniently forgotten that, either claiming that it is not competent (i.e. AEX has applied to develop something, CH1, that has not been explored yet) or are reckoning that the circumstances will be different in a few months time?

Yes, two of them are mine. The only price I could get unfortunately. Usually my broker is very good, but I'm assuming the MMs didn't have much stock, and no-one is selling this morning.

I believe this to be substantially derisked now. I wonder if the next application will be for a Development licence?

I'm hoping the delay is because the numbers were so large, no-one believed them, so they are being double-checked!

I'm buying every time I have cash available. The Cascadura recorders must be out by now, and numbers being crunched. Expecting the reservoir size to be announced in the next week or two. Oil price has stabilised. Chinook to look forward to. Institutions were happy to pay 40p, so under 30p is an opportunity not to be missed. Can't believe mcap still this low. I'm a holder in a company that had a well producing a little more than coho, and a similar discovery to Cascadura, and mcap was £300m.

@trimme. As interest rates are so low, I buy shares rather than save any spare cash every month. As Plus, if you thought a share was a good buy at x price, if it went 20% lower, you must think it is a better buy (as long as your original valuation is correct). In my view it gives a little risk protection against either my valuation errors or market volatility. However, everyone has their own strategy for their own circumstances and risk appetite.

Iwebsharedealing. No set up fee when I joined, £5 per trade. Good Online system. Pretty reliably instant trades, unless there is a market flap on.

Think folks are spooked by this forecast from OECD:-
https://www.bbc.co.uk/news/business-52000219

I'm not seeing that. Is anyone noticing that LSE (this site, not the stock exchange site) doesn't show trades or an accurate intraday graph after lunch time?

For what it worth, I've had another top up today. Trying to follow Buffet's advice "buy wonderful companies at fair prices".
I made the mistake of following MotleyFool advice once (never again), but they have put together a nice bit of reading, which I find a useful brief distraction from working out how much I've lost in the last 3 weeks.
https://www.fool.com/investing/best-warren-buffett-quotes.aspx

Doing fine up here. I was skiing yesterday. Scottish resorts picking up business from folks that have had European trips cancelled.

It is at rock bottom.

Yep. I had a wee top up this morning. China's reported cases down to 20 a day, so that demand should return shortly. As you say, prices remain high. I'm taking the long view.