Member Info for lejjb

With the shambles of GH (that was supposed to bring revenue ahead of MFDevCo money - look for the corresponding RNSs of 2016/2017) and the countless broken promises on the MFDevCo timings, I am trying to put the dots on the "i"s.

And Seadog5 does not always answer questions in a straightforward and simple way, so I am trying to get something 100% clear rather than making assumptions.

Sure, my penultimate post was different from my original question I've just realised, apologies.

So to recap what you wrote - tell me if I'm mistaken or not:
- Probably around twelve months in total to replace the existing equipment with the new one (incl. moving the stuff over).
But you hope that while the new stuff is bring brought over, MFDevCo will take over the running of the existing equipment and get some of the profit from the oil thus extracted until the new gear arrives.

Correct?

My question was specifically referring to how long it would take to turn off and move away the existing equipment, bring in the new one, install it and "turn it all on".

Your answer is "probably around 12 months" then?

Are you suggesting at least one year from the signing of the deal to purchase that facility then?

Wouldn't "instant revenue" imply using all the existing facilities? All the comments in the RNSs issued referred to equipment sourced from somewhere else IIRC.

If that is correct, we'll need to factor in the time to take away the existing equipment and install the new one instead.

That's probably way faster than drilling etc., but my uneducated guess is that it would still take a few months - anyone who knows about offshore oil production can give their view please?

Hang on to your shares boys (and gals?).

Bradis - you're the first one I read who "dares" not point an accusatory finger at ARSO or CH and suggest there was just a misunderstanding!...

A rare display of moderation on this BB.

Good morning young lady and all!

...and his plan may well have worked.

The call is to explain “that” RNS of last week and the company situation. I suspect it will be clearer that the RNS in question was indeed to make it clearer to ARSO that its actions (or lack of) have gravely damaging to the main British investor in Slovenia.

reso - good point re: the previous resistance having become the support.

So basically Alan can go back over his word in a subsequent RNS, without a single form of apology, and it's all fine then, and those who refer to the earlier timing claims are in the wrong?

Good old "cup and handle" then, eh?...

Jacksad - the more your post that stuff, the more the SP seems to be going down. Please stop.

I doubt that a lot.

I recall him saying it would be through a bank loan at the AGM (or a plain GM) of Summer/Autumn 2016.

2)(a)Can a bank loan be used to re-stimulate / fix the current wells instead?

We have certainly kept most of the gains of yesterday, today's retrace was not bad at all.

If the permit is not granted in September, I'll contact the office of the European Commissioner for Competition.

Has anyone mentioned that body to ARSO when harassing them?...

Some people are very keen for us to sell our share. I wonder why... ;-)

The IPPC permit grant IMO - so long as the very basic boxes are ticked in the 18 August latestestest forms.

Waaaay too much attention has been brought onto ARSO and the Slovenian government. If no grant, I expect this to escalate to European competition authorities and the European Commission.