Member Info for Hms687

Thanks lads for clearing that up, it was sophistication personified

But seriously, a drill surely dosent happen ‘just like that’ out of the blue. There must be preparations and travel (sign offs with jadestone) and such.

If this was Dcitland North Sea I’m sure there would be a bunch of beachcombers watching out with their binoculars

Thanks Jezzac. Is that your guesstimate or based on anything ?

Does anyone have any intel how the spud might be ?

We’re in the last week of November now

This is what the Carnarbon CEO said on Thursday :-

We are Carnarvon Energy, an energy company focused on delivering shareholder value through the energy transition with our thought innovation and ingenuity. Our name change, which shareholders overwhelmingly supported, better reflects the company’s direction in a net-zero 2050 world.

Drilling is on the verge of commencing at our Buffalo-10 well in the Timor Sea, a landmark moment in the project’s development. The team have worked very hard over the past year, through a global pandemic, to bring this project to reality.

https://www.carnarvon.com.au/from-the-ceos-desk-3/

I have strong reason to believe that the CEO keeps his elbows on the table whilst eating his dinner. How can this man be expected to handle any spuds ?

Share price wise as well as on various ADV bb’s there seems to be a sense of quietness. Personally I’m very very happy with that and would love it to continue into the middle of next week. By which time I’m pretty sure buyers will start flicking ore Spud.

Quiet and no news right now is almost like good news - because it tells us all things are ok, on schedule, no more delays

Knights Templar; Jedi something; Head and Shoulders, Teacup et all

I sometimes wonder if some of you are having a laugh

Anyways, NAV is the biggest thing as far as I’m concerned

Fir what it’s worth, I don’t really see any resistance at 4.4p, but yes maybe at 4.65 short term

Good luck all

Leslie Peterkin is carrying ADV I meant to say

Tbh, I think ADV is carrying this almost single handedly - but of course he IS the right bloke, thank goodness

Seagullsfan, I, like you, am a long holder and fully prepared to hold until revenue starts incoming from the drills. BUT I’m also a fairly good trader in the past and I have to say the temptations to trade in this seems fairly obvious. I still resist but I’m sure others would not. For them, the difference between “on schedule “, and perhaps early December would be immense and would see the sp battered. Ok fir long, but devastating for a trader
In all fairness to Leslie Peterkin, he has akways been consistent in saying “November” is the date and avoided being too specific

I’m looking for “on schedule”, regards spud

Anyone hoping for any other words ?

ADV and jv partner will be drilling appraisal of site at Buffalo soon. Surely the worst kept secret ever however will still act as a major financial catalyst.

I’m still expecting 5.2p plus at spud but ideally more

Trading between the lines it seems the big (three) brothers will be interested in us.But what exactly could that mean ?

Joint venture; help with funding, general. cillaboration; takeover even - what ?

According to Leslie Peterkin ADV already have a 200 page plan to bring the oil up to production - just as soon as the appraisal is completed ( Christmas)

Can anyone shed light or clarity how the capex for Buffalo production will be met (circa £100m)

Is it still debt and or equity or are we now just saying debt ? I’d love to get equity knocked on its head - I’m recently involved in another minerals and resources company and placing seen the sp take a bit of a battering

Is anyone here worried by the fall in iron ore prices ?

During the investor presentation in November Bill Good said that we could potentially have a million tonnes/year just from Han****, and at $120 p t that’s a massive profit because total costs is not even $60 per tonne. But now the price is down to about $90 from $120

I should think even NO news by end of next week might jitter the sp. The investor presentation next week seems likely to be quite pivotal now

Don’t wanna say which broker publicly ( sworn to insider dealing statements and all that); but I’d happily tell you if you somehow message me directly- I’m not sure if that’s possible on here

Well, as I mentioned before, I am myself in at the placing via my broker. After doing a bit of research, I’m actually invested a bit more. Simple equation fir me is that Han**** itself will bring in some $60 a year in pure profits
That’s not to say everyone will do the same as me. Many will be in a T trade etc

In a way, tge SP actually at SPUD might’ve been relevant as if it had gone up more ( yes even more than already) than I’d have expected sp going down on spud. But because sp has effectively stalled because if the delays, I think we should be “ only way is up” even after spud. Perhaps a bit more stalling once the company actively implements its plan for production ( involving fair amount of debt etc)

I’m still confident and my personal target is still 5.2p at spud