Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Morning Jiddy….well spotted, you just beat me to it. It's Smalls/RichT etc all right. Wonder why he bothers? Anyway, let's not waste time on it. This is looking good and I think we'll do well out of latest news. When will DW deliver the goods, I wonder?
Yes, today is a disappointment, but we still have a bit of distance on this drill to go. So we still don't know anything definitively. It would seem, as someone said earlier, that the MMs have overegged the drop, probably to their own advantage. Hoover up tons of cheap shares and sell them back a short time later for a healthy profit after raising the price again, plus their transaction fees? Also, someone said earlier the sp had gone down 'because everyone Is selling'. Yet that's not the case - it seems that there are as many buys as sells, as far as we can trust what appears on these sites under trade transactions. I have no more clue as to what the outcome will be than anyone else on here. But I do feel that needless panic is not helping and we still have a way to go. Even if Winx turns out to be a failure, we have several other irons in the fire.
Sorry guys, no idea why my earlier post has been reposted! Apologies. And I agree with most of this pm's comments. Still a bit to go for this company, but hopeful nonetheless. And I accept that 12p or so with nothing proven is optimistic . But if, like me, you're Scotland football and rugby supporter, you have to be....
It would be Brom! I read detractors on here saying even if we find COS oil, we'll be lucky to get 3p. But they should do the maths. We're hoping for much more, but even if, across all our acreage and leases, we can extract 1bn barrels and sell if at 2$ a barrel, divided by our roughly 6.5bn shares, at £0.77p per dollar, that means...well I'm sure folk can work it out. And before I get annihilated, I know we might never find commercial oil, we might never do anything and we could all lose our investment and 88e could crash and burn.
It would be Brom! I read detractors on here saying even if we find COS oil, we'll be lucky to get 3p. But they should do the maths. We're hoping for much more, but even if, across all our acreage and leases, we can extract 1bn barrels and sell if at 2$ a barrel, divided by our roughly 6.5bn shares, at £0.77p per dollar, that means...well I'm sure folk can work it out. And before I get annihilated, I know we might never find commercial oil, we might never do anything and we could all lose our investment and 88e could crash and burn.
I agree. We have of course issued billions more shares. But the 50/60p remark was made when we had many fewer acres, fewer leases and 'only' 2.6bn barrels potential. This of course is all still tbc. I am sure many people would take 20p at this stage, me for one. I know though it might be better for others to hang on till the curve is finally creamed. For auld folk like me.....it's different! But we're all entitled to our points of view.
I made a similar suggestion a week or so back, to the effect that rather than a piecemeal approach, DW might be looking at a complete buyout for all our assets. That's what I understood company policy to be when I invested in 2015 and indeed was the reason I invested. While still speculative, could the negotiations - if there are any going on - be pivotal on a complete takeover? The potential is there, the issue is whether a large company believes in it. I am very willing to admit that I might be completely wrong. But I think DW said he would bite at 60p rather than 20-30p, although this might have been a throwaway remark at the 2016 Globe presentation. But 20-30p would do!
From time to time, I see posts referring to 88e prospects in three, four and five years' time. One poster even mentions dividends over 20 years. I find this both puzzling and alarming. I came across this company and invested in 2015, mainly on two premises; one was Paul Basinski's experience and reputation; the other was the stated and documented intention to prove up and sell up as quickly as possible, as we had neither the experience or the resources to become serious producers. David Wall said at the 2016 London investors meeting, which I attended, that it won't be us cutting cheques for millions of dollars or drilling lots of wells (I paraphrase here, before someone digs out the transcription and calls me a liar). It's not our wheelhouse, he said, and Paul agreed. Now I know that the Icewine HRZ didn't flow as expected, although I believe this will still come good after Baker Hughes do their stuff. I'm also aware that DW has wisely added further leases to broaden our conventional prospects and these need to be investigated and proved. However, I am hopeful that this will happen sooner rather than later and that this year we will be the subject of a total buy-out at a reasonable price. Unfortunately I had to sell almost all of my holding last year to keep voing financially (I had to retire early through ill health and was never given a works pension by the BBC) and have slowly buying back at a higher price. So I feel strongly that, while recognising the time it takes to analyse and prove up the additional conventional leases, the company should adhere to its stated intent to prove up and sell up as soon as finincially viable and to best shareholder value. Oil exporation is by its nature a slow and risky process . But I am sure many others like me, were attracted to this company by its declared plan to prove up and sell up expediently. C'mon DW. Do you what you said you would. I have no issue with your salary as it's comparable -and in many cases, less - than similar posts and I don't understand why peolle bleat about it - but it's now time to deliver. Can we please have some farm out news sharpish as a reward for our patience?
So Rich T/Smals is still at it. So let's think....if a guy is invited to come in and mop up after a disaster, even if the disaster is just around the corner was noting to do with him, the guy is still responsible?
Rich T/Smals is among us again, masquerading in yet another guise. You just have to follow the usual semi-literate outpourings of ill-informed, negative tripe to realise it. It might also be worth noting that accusing people of lying, directly or otherwise, as he has done on a public forum, is actionable. Whether folk like it not, people can't say anything they feel like just because they're hiding behind the anonimity of a moniker on a bulletin board.
Hi eegvbi..as,always, grateful for your insight. From a personal point of view, I sold more than half my Fogl shares several weeks back at 20.5p. Sounds good compared to now, but my average was 22.5p! My holding as it stands is now 50-odd % down. I don't know enough to tell -I'm a writer and not a money man, so are we better being part of a bigger company or have we indeed been shafted, as has been suggested today? My choice alone to invest here, totally my risk.