Member Info for JiffyBag

Hi LW,

Yes, I have been watching those after market trades closely.

FWIW and just my opinion, someone is building a stake at the expense of shorter action, Coronavirus, (Eg, BP, today saying demand could be impacted in 2020 by a significant amount re China etc, go Google that) TLF diatribe, ie a potential lowball takeover perhaps? but I think that risk is much less until such time, that the EPS fully confirms the FB concept and HUR have laid out their strategy for 2020 for which we all await.

Having said that, we also have OPEC whom the Saudi's in particular will not just sit idly by and allow a massive Oil price drop. OPEC members are notorious for not sticking to agreed terms as output is basically a Gentleman's agreement from what I have read.

Saudi are the gatekeepers, and are ready to reduce output by up to a million barrels a day.

So, maybe this why we have seen some larger trades in anticipation of a rise in Brent over the coming weeks, and so increase in HUR's Sp?

2nd one in 2 days, and no it isn't UT.

04-Feb-20 18:45:01 21.378 2,952,338 Buy* 21.16 21.26 631.15k O

'Well. I think that analogy can be applied to many a crowd... Renaissance Hur... a place of creativity and uncertainty !'

Mmmm, another tanker followed by others will displace uncertainty imho.

Dspp within the text of his reply to Tournesol today:

'However, I am no geologist, simply someone who has worked alongside them in various ways, and so these are questions to really be asked of geologists, who may well tell me I am spouting nonsense.'

This worries me, a bit like a theatre nurse working alongside a brain surgeon and allowing her to operate instead.

When the shorts start to close, that maybe a signal .....to get carried away :O)

And deceiving.

03-Feb-20 17:03:22 20.683 2,714,925 Buy* 20.50 20.54 561.53k

ie, no specific date, just early 2020, is my interpretaion, imho.

I emailed TSG re as to when we might hear on the plans for Rodnikova and was told early in 2020, ie hopefully before the end of March 2020?

Either way, I do think that Rodnikova will add further value to this share over the long term .

SR,

Can only agree, I think price of oil will actually increase over the next 6 months.

All this talk of peak oil by 2030 is absolute B----cks!

https://www.youtube.com/watch?v=-2IT8WuZ_r4

Question is,

Whom has hired SP Angel in connection with SM? SM or AAL or An Other?

When he said 'Good for shareholders' I thought to myself, no on the contrary, only good for SP Angel?

http://www.spangel.co.uk/
http://www.spangel.co.uk/corporate-broking.html

Au Revoir, Type 3 :O)

DD,

'All this drama around 'testing' ans 'understanding' is, I believe, fake.'

Why do you think that?

Ak,

Rock is not even on TLF Board Forum , as far I can see:O)

AK,

Tonights quiz :O)

'And independent AIM-listed Oil company whose shares are currently running around 17.5p 'blocklisted' 500,000 new shares on the 28th. Resulting in a 4.5% increase in their SP.'

Sussed that part out, RRRRRRRRRRRRR

Not sussed out part 2 yet :O)

Albi,
What is truth in the world of Aim?

All I can discern is that for the period of November, the W word has reduced from 25-30%. to 16.94% and may suggest the W word is just perched. Looking forward to the March CMD as is the good Dr.

After reading the response letter, the first thing that comes across in my mind, is that the company are using JPM as a defence as to why they have decided to reject the alternative financing proposal or further raising of capital via existing shareholders.

Further, non binding can become binding if the will is there, I don't see any evidence of a Will to pursue an intermediate finance transaction to cpomplete the shafts, other than a will to transact with AAL.

AK,

Interesting post from the Water Diviner, TLF, Page 43, last post, talks about having posted on TMF UK and USA :O)
Does anyone really respect TMF?

The data for Lancaster on the OGA website is not broken down by well but reported for both wells, whatever combination of wells that have been run/tested in the reported period I have learned.
https://data-ogauthority.opendata.arcgis.com/datasets/oga-field-production-points-pprs-wgs84/data?where=UPPER(FIELDNAME)%20like%20%27%25LANCASTER%25%27

Volume of Oil =39,672 m3
Volume of Water =8,096m3
Total Oil / Water =47,768m3
Water % =8096/47768 = 16.94%

Taking extracts from the RNS of 13th Dec with ( Brackets / my comment)

RNS 13th Dec
‘Since late October, Hurricane has been carrying out individual flow tests to establish the optimum combined flow rate from the two wells under these conditions, and to assess individual well fluid dynamics.’

‘The 6 Well is currently (ie Dec ? ) flowing individually at approximately 14,700 barrels of oil per day with minimal water cut.
In a prior individual well test, (Nov?) the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%.’

So to me it suggests well 7Z was being run prior to well 6.
Which might infer that the result for November of 16.94%. is for the 7Z well.

That is my interpretation. I am sure AK and others will either concur or disagree etc.