Member Info for JEF_NIC

"The acquisition would add 1.1 billion barrels of oil equivalent of proven plus probable reserves at $10 per boe and more than 300,000 boe per day"

So 1billion barrels at a modest estimation of $60/barrel would be the equivalent of $60 billions asset. Production at 500,000 boepd at again $60 would generate $35 millions/day, $11 billions/year.

Have I understood this correctly? Share price should move substantially when deal goes through all the regulatory checks. AIMO

I did call it when I stated that it would make a new low. The £3 support was tested several times before it finally broke yesterday. The downtrend will continue but the good news is that its beginning to lose steam. Will be observing this share from distance for now.

RG33, congrats on getting some money back. Could please explain to the rest of us what process you followed to convert your share certificate in CGH to tradable CGO shares?

This has been in a pullback for the last few weeks, its about time the main trend continues. Sorry to say but looks like this is heading for a new low. Additionally Taconic increased their short earlier this month. Bearish outlook

Uh huh dead cat bounce ..

Dead cat bounce... potentially.. needs to see the strength of pullback to confirm.

Agree! It seems like a falling knife. The ONLY change that would push this up is when Taconic decides to start closing their position and judging from SP movement its not happening any time soon.

The share seems in a tug of war between shorters and LTH. Up or down, this will make a big move at some point. Company has strong fundamentals, so shorters are betting on the government introducing more taxation on the O&G industry. This is purely a casino bet and has no strong logic. Even if government was to increase taxation, HBR are well positioned to ride the storm. I think deferring deleveraging was an excellent move and the most prudent in light of uncertainty. Once there's more clarity, company finances can then be more strategically allocated. Logic will prevail in the end so think whenever the time is ripe this will be £5+.

Analysts at Investec said the combination will “ultimately provide a significant deleveraging event for Tullow given Capricorn’s significant cash balance”It seems more positive for tlw than cne.

Mark Lappin, chairman, said that Russia’s invasion of Ukraine had changed Europe's position on Russian gas “for the foreseeable future”, which bodes well for the company's prospects.

“We currently have acreage at each stage along our conveyor belt up to drilling and are preparing to drill our first exploration well at Pensacola with operator Shell within the coming months.

“Acreage farmed out to Shell and Capricorn Energy PLC (previously Cairn Energy PLC) is moving forward along this process to a similar conclusion and other acreage is being worked towards farm-out.”

Deltic farmed out 60% stakes in five licences in the Southern North Sea to Capricorn, which will be the operator and pay for all of the initial exploration costs.

This company is centered on returning dividend to shareholders. One would expect some profitable value being returned but in the last two years (TO or div) we've only had a portion of our money returned back and with no added value holding onto our remaining shares. For the first time I am growing frustrated and now contemplating my exit strategy. The company buyback should kick immediately to support the decline of this share. I can sense hyenas (shorters) circling this share. Extremely disappointed that despite holding onto this share during the period of uncertainty with India I feel LTHs had little return from holding this share. Smh

It seems short for March was reduced to 20.45% from 21.98% in February. If I did my maths right the MCap should drop proportionally to the amount of shares bought on TO. Therefore the share price should not really move too greatly in either direction but as less shares will be in circulation it will be more sensitive to movement from news or potential short squeeze. Correct me if I am wrong. Hoping for a short squeeze.

Based on my trade/chart observations I am speculating that a big short is closing a position but MM are keeping price suppressed. Once position is closed this should fly north. Look forward to short % data for March ... I am not interested in the TO and holding onto my shares hoping the grass is greener on the other side. wdik dyor

More than a year ago, this was £2 plus with POO at $45. Now nearly at $100 we havnt made any significant movement. BP and other oil stocks have risen substantially since. MM seems to have an agenda to only move this on India news, which does not seem any time soon. I dont expect any movement here today tbh. IMO dyor

16-Feb-22 16:37:03 210.00 2,510,806 Unknown*5m
16-Feb-22 16:36:59 210.00 2,510,806 Unknown*5m

Leaky ship?

I have to say I am annoyed with Devas leeching off our success for free. Cairn paid millions for Dennis Hranitzky, head of the sovereign litigation practice to find ways to exert pressure on GOI. Now all they are doing is copying every single step Cairn has taken, including seizing the same assets in France. I feel we deserve a certain portion of any funds they might get. Not an expert on litigation but surely there must be a way to get our 'commission'. We did all the hard work!

I think the figure on Euroclear is the aggregate of all shares on loan via various investment banks. Any hedge fund that has a short above 0.5% has to be declared.

"A public share notification must be made when the net short positions of shares reach 0.5% of the issued share capital of the company concerned, and again at each 0.1% change above 0.5%. 

This change relates to both a 0.1% increase and decrease of the position (including each time the position drops below 0.5%). "

In my view these diversified short positions could work as an impetus to drive share price up (hopefully on good news). As many shorters are involved makes the total position prone to the domino effect. In my view it would be insane to have a short position open with funds on the way. If the SP gaps up by 10-20% then its not going to look nice for anyone with a short position open. IMO DYOR

https://www.pharos.energy/investors/press-releases/parliamentary-approval-of-the-third-amendment-to-the-el-fayum-concession-agreement/

21-Dec-21 14:33:34 182.40 1,123,000 Unknown* 2m
21-Dec-21 14:33:38 182.40 1,123,000 Unknown* 2m

£4millions: This has to be an institutional investor. Could be a buy/sell hard to tell. Expect to see a TR1 in the coming days. GLA

I don't generally like making price predictions but my chart is suggestive of £2.7-£3 region as a plausible target. It could go higher if Cairn play thier cards right with a flow of positive news. I think we should get some form of update before Xmas.