Member Info for Howey1927

I'm sure I read a while back that the equipment for the sidetrack was already onsite. Did I make that up? Easier to see if one of you younsters remember, rather than read back through RNS's and Twitter updates!

If that is the case, given we have all of the permissions in place, what else is needed tfor te sidetrack? Drill operators obvioulsy but are they a new skillset or part of the operational team already on site?

Sorry for thining outloud but I'm trying to unravel whether there is any mileage in the latest attack on this of us needing a placing. With income now coming in and set to increase, I can't see it.

We cannot be far away from the point where we are funding new operations from income generated.

tommy, HITS has it tatooed somewhere!

Tygra, The loan repayment in 2022 was when we were aiming at June 1st gas, possibly earlier. I would anticipate it taking longer to repay now but that depends on the steady flow rates, I suppose. The sooner the better obviously. Releasing ourselves from the hedge is an interesting one. IF Mercuria were willing to negotiate that, I'd imagine they'd want to get on with it to make use of the high price of gas. It would need clever negaotiation on our part to ensure we don't pay way over the odds and lose out when/if gas prices begin to normalise. A long off it would seem.

Cynders, the sidetrack alleviates the pressure massively in terms of meeting the hedge and making a few quid, short term. The second sidetrack is the daddy though (if successful) as GL talked about additional untapped reserves.

Plenty to stick around for.

I believe it was the pandering to the Green element that did it. Do not get me wrong, I would end oil and gas tomorrow if the chance arose. However, there are so many factors at play that mean that isn't going to be possible for quite a while.

But in a bid to appease the Green parties, European governments have seen Russia as an easy way of pretending they are going Green whilst avoiding having to invest massively in renewables or alternative sources.

Backfired somewhat.

If it would end the war in Ukraine, I'd give up my holding here.

Those may seem like empty words because of course it won't help but I would. The fact is even if the war were to end tomorrow, Putin will still make a point to the West and claim there were leaves on the track or something similar.

However, we are too blame because we allowed a situation where too much reliance was put on Russia in the biggest NIMBY act of all time.

It won't happen again.

Fair point Presneill. What was I thinking?

I'm now favouring GL being unmasked, Scooby Doo style, as Johnny Vegas.

Since the disappointing response to Friday's RNS, we've had suggestions of:

1) We are going to be sold to the highest bidder by tomorrow afternoon for anything up to £13.47 per share.
2) " GL is lying to us.....again" and RNS was all a smokescreen for the impending doom.
3) Ukraine are going to win the war by Wednesday and the price of gas will tumble to 3p a therm,
4) The MM's will drive the share price up and down with no real rhyme or reason and confuse/infuriate all of us.
5) The number of warrant shares in fact totals 500bn so the selling will never stop.

I'm sure there are others I've missed but it should be fun!

I'm hoping for and expecting a steady rise into confirmation of steady flow and sidetrack plans, with some dips along the way!

GLA

Mira, Mira on the floor.

Thanks for popping by. No pub tonight? Far more civil than you normally are at this time.

Good luck Baits and enjoy whatever you do in retirement.

All the best.

There is no point in arguing about it as it won't change anything!

Unless you were hoping to sell this afternoon and missed the peak, it doesn't matter. This is being played in my view but that is simply my view and I'm not trying to impose it on anyone.

There is plenty of growth in this yet so I'm sticking with it.

GLA and make you own minds up.

I am quite astounded also but this is not a problem unless you were hoping to sell this afternoon, of course.

There is something fishy going on though. It seems that tiny trades seem to be having a far bigger influence on the price than I would expect, both up and down.

Have a good weekend folks and hopefully next week things settle down and we'll see the upward tragectory this should have seen this afternoon!

It's a weird old world Tygra but there was a glimmer of hope from you earlier and we'll see more of that next week, too.

If those that are selling can find a better propsect elsewhere, good luck to them. Go nowhere people!

But it hasn't though, has it you lemon!

It was down 8% this morning and is now up by 6%.

SB, good luck mate. All the best.

It's working a to a degree though as there are sellers.

Perhaps Bottom_Feeler should do a seminar on trading to help everyone out?

HIndsight is a killer. Try to put it behind you like I have to every time I've foolishly hold onto my 88e shares when they are drilling!

Still plenty to be made here for you.

I'm sad to see there hasn't been a congratulations message from Scarlet Vixen.

Bottom_feeler, are you 15? Because that how your posts read.

Afternoon BV.

It does put a more positive spin on an otherwise difficult day.

Bottom_Feeler, are you really going to pretend like nothing happened? Buffoon!