Member Info for Intoodeep

This a war of attrition the stalling tactics will go on and on until the finances evaporate and the company ceases. There's no working rapport

Still feeling very calm on this one, the journey down gave me no unease and the bounce back was fast and strong. Like Anth in way too deep but if I can use the analogy of a used car salesman. What you see before you is not a rusty old Ford Escort but a gleaming Rolls-Royce with all the trimmings and what's more if you buy this you get the opportunity to also own the beauties stashed in the garage around the back. What passerby could refuse! Tidy sum Mr bond, Glad you still believe.

Well, what an interesting read! this comprehensive RNS illustrates what happens when an honourable company gets shafted by a dishonourable corrupt government. Let this be a red flag to others. I agree they should cut their losses and get out with what ever's left and start afresh in some other region that plays fair by the rules. so reading ", a sale of HEPI and a sale of the ongoing CY-OS/2 litigation" is music to my ears. As investors let's be realistic and accept that the company will be getting nothing back., but there will be another day.....hopefully!

I know what you mean Phil these are tough to trade, I was there on Tuesday right at the peak; 16:22 at the end of the day 5.9 on the bid and my finger hovering over a 200k sell could I do it not a chance! Would have bought them back today, if I had done; could have made a tidy profit/increased my holding further- but at the moment the timing for trading these is bad...there's a lot of clues that suggest things are happening behind the scenes- to FlocktonFlyer's point, diluting feck all still only gives you feck all whats the point.

What's the cost of an independent evaluation? Like Gus says you wouldn't do this unless in anticipation of something, otherwise why didn't they do it years ago when the bank balance was much higher. Roll on 2018

I think there's more to it than just mindless production on the Americans part. The Saudis want the highest oil price possible to aid the Aramco IPO, the Yanks want the oil price deflated to adversely effect the valuation and gain the greatest possible stake at the lowest price. This board has been very interesting this last week with go-go Gus pumping and cynic Cyan countering, long may it continue as long as the arguments are valid and reasoned- very thought provoking! I'm invested so have to be biased, leaning towards gus and a glass half full approach, but I don't want be blinkered and encourage the balance of the Cyans of this world. My question is if Stebbing (sorry to dwell in the past) was deemed a failure on technical and structural grounds with the well not reaching target depths could this not of instigated an insurance claim and a re-drill.. or is this sort of thing uninsurable?

This is an interesting read.(https://www.technologyreview.com/s/410611/natural-gas-to-gasoline/#comments) Heard a lot that a condensate discovery has never lead in a commercial venture, the technologies already there and being rolled out to convert gas to petrol who knows whats round the corner for our light crude/ condensate..Gus why can't an oil major currently operating in Argentina invest in our acreage they're selling off blocks in their coastal waters there's obviously a softening from the current regime to get international investment.

I think it's being a bit optimistic quoting a p/e ratio of 10/1, more likely 5/1 that would give a price in the order of 32p that's still roughly a 10 bagger from todays prices so for an investment the size of buying an average BMW you could walk away with enough cash to pay for an average house...not bad.. and if a 95/5 split is being viewed as a bonkers, flush it down the toilet deal then at worst this is a great investment and at best stratospheric... worth the risk me thinks and I feel big oily suitors are lurking given the near field potential let alone whats already discovered.

It’s interesting the timing of the uk- argie warming relationship and talks of an intercontinental pipeline. To be paving the way for such an investment in infrastructure the discoveries so far in both the north and south would not justify such capex or would they? My thinking let’s say total north and south Falklands discoveries found so far = let’s say 1.3 billion barrels. 300 miles of 36”pipeline (nearest adjacent mainland coastline), pumping capacity let’s say…(just guessing) 500k -800k bbl/day equates to less than 3-5 years production would that be enough to spend so much?, what do they know that we don’t. I’d love to see more detail on Humpback and Stebbing which both ended with lots of ????? and are the companies so far involved big enough to undertake such capex..Doe’s this mean we’re soon to have a new player in the region? Where’s that crystal ball.. beer thoughts

They need to send out the right message, just to clarify I support the BOD and think on the whole have shown themselves to be committed to the cause, let’s hope they have a future plan that doesn’t entail selling pi’s down the river. I must admit though, I now can’t see how they can move forward without sacrificing Darwin or at least a substantial part of it. I think if they could secure a multi drill campaign and can negotiate favourable terms on the future drills I have enough faith in their acreage to yield future successes.

"I'm in no hurry, so 2,3 or 8 years.... I'll wait for the worm to turn &#128077..." trouble is at the current cash burn, there won't be company in 8 years The Bod needs to reflect on how long before serious investment returns to the Falklands South basin. They need to batten down the hatches, cutting costs dramatically and that in my opinion means the bod have to show the market and share holders their intent for the long haul and that in my opinion requires reducing costs to 500k /annum and extending the outlook to 10 years plus...If they need to take a sabbatical then that's ok by me if it helps cut the wages. I'm sure there's plenty that recognise the potential here and if a distressed sale can be shunted way off into the distant future then that actually may force those lurking in the wings to make there play sooner rather than later...and in any case the markets like stability, 10+years = safe for a while = improvement in share price...wtfdik just ranting early in the morning.....

The only RNS I want to see is that the terms of the licence have been renegotiated with the F.I. government enabling some sort of provision that allows an extension to the 2017 drilling commitment. If the bod can achieve this and we can bide our time in the current climate then it will be a coup.

Looking for opinion. with another 101.5 million more shares in issue plus the prevoius increases of around+/-100million since 2007 will the extra portfolio income plus NAV ever produce dividends that matched the yeilds of pre 2008? or are those days gone. . .

Net asset value is 22. . . officially . . although that value is open to some debate.. I would like to know who makes these valuations,, until a deal has been done in concrete they're just figures of speculation, segro proved that when they sold off part of thier portfolio aquired from brixton... I think too much is made of NAV it is only important in failing companies when investors are toting up the bare bones and if that is the case why invest anyway? Surely the business plan should be the main criterea and on that front WKP has remained amazingly resiliant, maintaining a consistant lease rate at 80% or above. Its just my opinion but all of WKP's previous misfortunes earlier this year have been caused by factors outside their control and have infact weathered the storm superbly. The losses of 300 million+ that sent the share price crashing are mainly academic paper losses created by the markets interpretation of falling property prices. True losses would of only been incurred if WKP had been forced to sell its property actually at that time! so if the company has good cash flow, maintains high tenancy rates and holds a property portfolio based in the capital why should Nav come into the equation at any point? wkp is a successful landlord of serviced space it has never had any intention of selling any of its core properties in the prime locations what ever the price may be, ever! if it did WKP would effectively cease to exist.

Are they huge sells? more likely to be after hours buys... who knows... whats that RNS about legal and general insurance involvement in this stock? one things for sure the share price is standing firm when many others are slipping....just because there in red means nothing, just interpretation.