Member Info for InJamesweTrust

Have reported the post below, no room for such abusive nonsense.

Dickie

Think we all hope that this will be the year we find out and most now think it is time for action and news with regards to the assets.

23rd therefore very interesting and even better if some action before this (I'm sure Donal has his flights booked already to check swabbing and movement of SV-101!!).

I renain heavily skeptical that these timepines will materialise - not because DickieN is making things up but because the company hasn't disseminated it via the correct channels.

I'll be very happy to be surprised to the contrary

So, with swabbing kit less than a week away I wonder if the Co will deign to provide an RNS on current and intended operations?

With the call on the 23rd, it would certainly be instructive for investors to review and consider questions to submit in light of what is proposed.

Don't see the detail on Namibia but would also say, they've drilled multiple holes across the licence. Hence, the write off may not be for the entirety of their operation there.

Writing it off will allow tax offset in the future and may be a driver.

That though isn't a primary concern in terms of SP drivers through 2025.

Mick

Even taking 2k bopd for 20 yrs and discounting at 7% annually but inflating net back by 2%, while the net value of money in 20yrs is 22.5% of today the NPV is $301m using $40 per barrel.

That is 80p a share and discounts fund flow from 2028 to present day.

They say big fields get bigger and think the Routledge commentary indicates they're happy with how they expect the field to perform.

So all in all, I'd say there is a lot to happen.

In some shares the progress is in the gift of management - here it is less so but two things are inescapable:,

1 - Total owe us drilling and it is likely to be in 2025.

2 - XOM will need to agree unitisation and while the payment may not be upfront it will be a contractual obligation from im guessing an AA rated entity (can't be bothered checking the terminal to confirm).

Both of these events hold much promise.

Gil has mentioned the temp and pressure i think makes Joe and Jethro oil very mobile/easy to extract.

Look at the path down the shelf from there to Hammerhead. Lots of drilling targets.

Petermac

He wasn't too busy last year to find the time to produce reports for the company on a consultancy basis and be paid significant additional funds for the effort.

I can't see the evidence of his busy work in terms of positive outcomes thus far.

I'd also suggest emailing the company, addressed to the Chairman seeking a response to key questions.

PG should not be skiring the issues here, if he does then it is a serious concern

Taking 6% as a discount rate a 7yr NPV of 5k barrels a day for Hammerhead from 2027 is $368m. Using $40 a barrel as a margin. Expect production to be $25-30 think for lighter fields it is c.$20-25 in Stabroek. This is from memory feel free to correct.

That would let Eco sell this cashflow for a considerable sum or borrow against it.

The development of Hammerhead could make the market think again about the economics of Joe and Jethro - these are too far from Hammerhead to tie back and blend, I think.

What I'd say Thunder is there are many moving parts to the discussions on the value here and Eco.probably does not want to sell out cheaply.

With the possible cash from Hammerhead Eco could drill Namibia and Guyana as a 50:50 partner on drilling costs looking for carry to production (which the provider of the carry then claims back and has little cost to them).

As this potentially comes to bear, Eco has a lot to think about before rushing to any decisions and in any case has a drill already agreed in 3B/4B to happen sometime in 2025.

Sit back, relax and accumulate is my intention for the coming months.

Taking 6% as a discount rate a 7yr NPV of 5k barrels a day for Hammerhead from 2027 is $368m. Using $40 a barrel as a margin. Expect production to be $25-30 think for lighter fields it is c.$20-25 in Stabroek. This is from memory feel free to correct.

That would let Eco sell this cashflow for a considerable sum or borrow against it.

The development of Hammerhead could make the market think again about the economics of Joe and Jethro - these are too far from Hammerhead to tie back and blend, I think.

What I'd say Thunder is there are many moving parts to the discussions on the value here and Eco.probably does not want to sell out cheaply.

With the possible cash from Hammerhead Eco could drill Namibia and Guyana as a 50:50 partner on drilling costs looking for carry to production (which the provider of the carry then claims back and has little cost to them).

As this potentially comes to bear, Eco has a lot to think about before rushing to any decisions and in any case has a drill already agreed in 3B/4B to happen sometime in 2025.

Sit back, relax and accumulate.

More sensibly, we probably have 2-3% of Hammerhead from CPR. So if FPSO does 200k bopd then it's say 5,000 bopd at say $35 a barrel for 350 days a year. So $175k x350 or $61m p.a.

I'd have thought production would be in 2027?

An NPV of above makes Hammerhead alone 40-50p a share.

Also makes it daft for XOM not to farm in and get some of the cash back!!! Pays drilling costs back.

The Guyana farm out if/when it comes could be a blockbuster.

Pareto

No, I've not - it is a statement that the person on the phone doesn't have a clue who is calling or if they holding shares. It is for that reason commercial info would not usually be released in such a way.

The RNS system is to release it equally to all.

Don't think DickieN has done anything wrong, if anything it's the right thing to post it here once told.

The responsibility for disseminating this equally is the companies as it is likely commercially material and thus what RNS was derived for.

With regards to.upcoming activity, I'd be surprised if swabbing was communicated via a call from a random possible shareholder (as far as the person on the phone was concerned, no offence to Dickie).

Be delighted if that turns out to be the case but it should be RNS'd - the only reason not too is to avoid being constrained by regulated timelines. Schedules are important and we shouldn't be waiting until the 23rd or after for them with time already passed.

Silverfoil

Yes it is wonderful. He was hitting a fairway wood at the fitting a few days ago and on the simulator getting 175 yards at 12. We will get a few lessons for him on swing mechanics but let him develop himself.

He is agitating to play Sawgrass or Palm Beach next time we holiday in Florida and some of the Algarve courses in Portugal. Makes getting a pink slip easier and his sister is keen to take it up also.

The Belfry is great and what a way to bond together. My brother stayed at The Belfry whe relocating to Birmingham and dropped his handicap by a few shots. Good days out for you both there I'm sure.

One of the clubs nearby is on the Open rotation and a bit less readily accessible although I know a few members. We are lucky to have many within a 40 mile radius.

Bob

Golf is a wonderful game. My son is just taking it up and been stung for a couple of Callaway AI clubs in the last few weeks to supplement his irons (has his eyes on new irons to complete the set). Game he can take right through life and enjoy with friends and we have some fantastic local clubs for him to play with his friends.

Wonderful game for any age.

Pareto not looking for entry points (if directed to me) I'll keep my holding until 23rd see what we hear before and on the day and decide following what to do. Unlikely to add though as it currently stands.

Bob

Golf is a wonderful game. My son is just taking it up and been stung for a couple of Callaway AI clubs in the last few weeks to supplement his irons (has his eyes on new irons to complete the set). Game he can take right through life and enjoy with friends and we have some fantastic local clubs for him to play with his friends.

BillyRV

Hope that you're right and activity is on the horizon but the evidence i want is contracts, not ambiguous fluff in a tele conf with controlled questions to direct messaging the way he wants.

Happy New Year all

Interesting to see price predictions.

Ultimately the outcome of drilling hasn't been what was hoped so it needs a firm commitment on drill (no RNS on contract) and timing of swabbing.

It is to me surprising that clearing some old water wells is a priority over getting a firld flowing that is supposed to make Morocco self sufficient in gas.

For me, Id rather see what PG has to say on 23rd and ideally before by RNS before getting carried away with price predictions.

Lack of RNS before makes me think it will be the usual hot air about blue sky potential and I'll derisk further.

If commercial gas of CNG scale an flow at 50mmcfd and the interest in it sold that would do for me as an exit point. Alas, don't see when that is going to be currently.

Ibiza

No we are not bottom of the pile.

Updating shareholders is standard practice, not daily that would be daft but quarterly should be standard practice and many, many companies do it.

Having it as a task helps focus the mind particularly if highlighting progress or lack of it between periods.

The company has been understaffed for far too long and thus the delays and lack of info.