Member Info for legache

All these hard fought gains given up in two days.

We always seem to get hit hard on the downside but it never explodes to the upside as many of us expected it would.

I'm being brave here and in for more.

The term "a broken clock" springs to mind... the market is pricing in the end of the war.

Deeko, i've got a large six-figure holding here. I am bullish long-term, but on all of the points below, you've highlighted the bear case (and there is one!). The drilling of the Belmut well has a 90% CoS, but that shouldn't deter discussion from the possability that the reservoir may be not a prognosed.

I am also not happy that JSE has fully benefited from the high oil price environment, as some others have... management has questions to answer.

I'll be at the AGM.

But will those updates be postive? Share price is seeing quite a lot of selling...

"That being the case JSE will exceed all our expectations for 2026"

That wouldn't be very hard...!

Stale bulls like me have been in this since the £1 plus days and have been dragged through the mud, and therefore expectations are always low. I guess that's why I avoid supermodels and stick with the fat chicks - you're never disappointed and it always seems better than you expected.

Well, we are all versed in the takeover rules for AIM companies and the "slight premium" for takoevers accross the board is 20-40% of the closing price. Its an intresting situ, as Tyrus are on 29%. They have control and would have to agree. Given the cashflows, IMO they would be looking for much more than a slight premium as they can just sit it out and cream off the bond cash then boom, they will be into divis ... all depends on their long term view.

Sorry "do" prohibit divis!, even!

Althought the terms of the bond do not prohibit dividends, having the finance to build this business into a multi billion pound major in the bag, is an attractive proposition. No more comedy placings - how do i know, i have lived through it before with JSE. That certainty about long term outlook is attractive as a long term investor. Will JSE be valued at 32p in two years in an 80 dollar oil environment - of course not. What about a 90 dollar environment.

If it means a trickle to 1 pound plus over three years, most of us would take that!

If no divis for three years does the bond allow for earlier repayment? I am keen management remain disiplined and we all know what CEOs do with cash!

Bar the impairment, which was known, thats a decent set of results. Good to see them controlling the controllables again.

This is very good news imo. Hopefully they continue to build.

This has got to go higher, seems like a laggard of my O&G group, hence bought a few more.

The more important point is that it's going to be mid to late May before the FSPO is back on station. What a time to paint hull!

Expire in June. Looks like Tyrus will have to make shortfall on their bond. 50p now looks very unlikely, baring a nuclear war!

There is a strong narrative I keep reading, saying that oil is going to 50 bucks soon and that its topping.

How much of this lost production can be replaced by countries with damaged infrastructure. Genuine question. Where can I get data on this? If iran do a deal how quickly can the demand be met?

Paper vs physical difference is going to play out soon. Watch the paper price pop soon.

That's quite a lot of extra production! Let's hope they can beat the late 2028 estimate.

Thanks for the insight. I have no experience of these things.

My comment was based on price - surely whatever the rate, the policy will pay a market rate per unit? This would be obvious?