Member Info for Jim800

Well if the chart says 0.2p and all the shareholders want a larger market cap what could possibly go wrong???

Some gamblers here (not investors) seem to forget that the principal aim for a company is to ensure income is greater than expenditure. EQT have failed to do this in spectacular fashion historically.

50 years ago we had a passenger plane that could fly at over Mach 2, today we don’t.

Doesn’t mean it didn’t happen: just that the rationale / will / finance to replicate it aren’t present today.

The RNS suggests contacting Doug Kris if more info is required on the RNS. Let’s all email him (address on RNS) and ask!

From Alfie:

A tap issue (or bond tap/reopening) lets a bond issuer sell more debt from an existing bond series, rather than creating a new one, to raise extra money efficiently by using the same terms but at current market prices, saving on legal/setup costs and improving liquidity. It's like dipping into a pre-approved reserve of bonds as needed, common for governments (like UK Gilts) and for capitalizing on good market conditions.

Think the more important question is why they need more debt! Corporate purposes could be something neutral ish like paying off more expensive debt or BBs or could be more sinister (another acquisition or problems with cashflow). More info would have been useful.

Mr G - not much to argue with there!

Guess the question holders have been asking ourselves for years is when do fundamentals take precedence over lack of trust / faith in DEC?

Consensus view seems to have been that a few years of “stabilisation” with absorption of acquisitions, realisation of suggested synergies, proven increases in production and hence income combined with debt pay down and returns to shareholders is required.

Surely if we all realise this then eventually Rusty (or his advisors) must recognise it as well.😀

Will all shareholders be heading for exit 6 months before next US election?

30 months to sort share price!

Still no-one to talk to punter?

Can you actually read? That was neither rude nor obnoxious.

Certainly difficult to accurately determine pricing for local sales or exports - guess it’s in everyone’s interests to keep it opaque.

GKP claim they are getting $30 a barrel for Sep / Oct exports against $28 / barrel for previous local sales. But receipts are several months in arrears rather than up front as for local sales.

So DNO / Genel get about the same up front but don’t stand to benefit from reconciliation payments once “independent” consultant has worked out the actual profit share with SOMO.

Market doesn’t seem to like GKP’s arrangement much going by Share Price drop today.

Hard to see why any of the IOCs want to increase production given ongoing uncertainties.

SteaminEagle - 98% down? You’re an investing genius!

The rest of us are all 99% down here 😀

In addition to the gain in revenue for any spot price sales, they also get a chance to do a bit of commodity trading : gambling on existing hedges.

There was a time 4 or so years ago when it looked as though they spent as much time buying and selling future prices as they did just hedging.

Just wait till he starts banging on again about the 100% certain Plan B - that is definitely going to happen! 💯 💯 😀😀😀

Never has a poster been so wrong on so many things.

Two 10,000 share buys (£95k ish each) have gone through LSE this morning! Largest uk buys I’ve noticed for a while. Institutional?

Guess the only resistance could be the fact that EQT has no income but lots of outgoings running projects that are way behind schedule and failing to deliver.

To be fair, his principal market aren’t playing today - see what tomorrow brings in the US.

Goose - suggest you read back a few pages here and you’ll see in reverse order:

- Gas has only leapt up today - it has been bumping along only just above 3.

- No BBs since 9th Jan, they were supporting SP but not any more.

- still 10 million unwanted shares out there from recent acquisitions - these are regularly dumped when prices reach recent highs.

Oily, quick fact check.

Yep, DNO planning to increase production.

Receipt of back payments??? No news of that anywhere. Only news has been SOMO stating that any back payments for previously delivered oil are KRG’s responsibility, not Iraq’s.

Export through ITP! Genel and DNO still have No agreement to facilitate this whilst other IOCs do have an agreement.

“Genuinely feeling” a bit like guessing / hoping if you ignore the facts 😀

So it was 4.7mn then they increased to 8 mn but had already bought 3.3mn. 😀

Got it.

They must be pretty close to 5 mm bought back since Apr 25.

I was never on telegram (though think I need to get on for a dodgy firestick 😀).

Interesting pivot for a waste to power company to start trading metals. The only synergy would appear to be taking money under false pretences.

Oops No, you’re referring to 24 AGM my info was from 20 Mar 25.

In any event think they’ve maxxed out the BB approval.

My C&P was from 20 March BB RNS.

Your AGM data is later (so assume more correct) - strange to issue a specific BB RNS then immediately override it just weeks later!

Foxy - there was a short period this morning when my EQT holding was worth £3 more than the dealing costs to sell!

Think I missed my window of opportunity 😀