Member Info for Leveller45

@pepermartinez well if that is what works for you only you will know best. Please don't take what I may say or anybody else on this board or any board for that matter as investment advice. I see you have commented on a number of boards so I am sure you are well aware. I just like the play from this current point, but like most stocks dyor. CEO, Court case, 2nd half financials/order book, future of IOT etc. are my guides on this one. Each needs to tick the box this year else its a takeover or I'm out.

@pepematinez, well that's only a question you can answer. Aguments multiple ways on that and really dependant on personal circumstances. What I will say is that no-one really knows where this may or may not be heading. There is some really knowledgeable posts on this board but some of it is hindsight, but it is a track history in any case and isn't good. BUT, there is a new CEO in the mix who appears passionate and from what I have seen is active in the industry so far even in the last week

..does it translate into big deals thou? We don't know how the BoD dynamics will be now and there are many other factors too. The court case is important too, not just for this case but also future IP value and licensing. I feel for anyone in this position but for me it's easy, a good play upto 2p until good court case result or until we get something substantial from lars. Anything different and I'm out I think.

I think you have a good point somm. AND my uncles name is definitely Bob 🤣

Thanks kheldar. Only thing I would say/add is that the

Debenture became repayable once production was achieved...so I know what I'm thinking...

Well that is encouraging investments made by two investment houses. Although this seems like a good play at these levels there still some way to go for building and growing market position as well as the IP dispute, which who knows how that's stacked- it looks like lawyers on both sides have excellent credentials. Perhaps both sides will go for win-win so to speak. Hoping to see something from the new CEO soon, he has the contacts and background. Let's hope that translates into transformation. Tic tock.

When you wait for a bus, they all seem to come at the same time. I'm waiting on 4 RNS all about due now. Come on CC and CASP.

Interesting reads on kazack gov and ENI.

Yes my previous purchase was at the ask and was much larger so I was happy with 2.61. Optimistic there is something brewing, sentiment in offshore and deep drilling seems on the up, or maybe I am noticing it more with the research and reading. It wouldn't surprise me one bit if a big player not currently seen "in the picture" is about to be announced. But that's not based on any fact, just in case anyone thinks I'm ramping 🤣.

Well I dipped in with a little buy today, although it's shown as a sell. A tiny raindrop ripple in a massive ocean 🤣

When is it due ? Contracts being drawn up ?

Haven't they had a business relationship for a number of years ? Is there some further announcements ?

Go on then

- Quarterly dividend will be paid rounded up to the nearest crumb so effectively an increase.

- production increased to 3750 bopd overall

- 802 ongoing but confirmation of flow and production

- Progress update on each of the shallows and 155

- Spud date 803, reasons and expectations for drilling

- progress update on mcBoaty preparations, no new contracts this year

- confirmation of aquisition of block 8 and date for completion and vague outline of work plan

- some other tasty bit of info but rather vague with no timescales sometime Q3/Q4 2023

- something about domestic and international pricing in relation to income over the year

- payment of debenture , profits, cash flow, future dividend blah blah blah

Was that a good enough scattergun....🤣🤣🤣🤣

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Dipped a toe in today, looks promising recovery play.

Agree

Stating the obvious, there are three key things

1 2nd half results and forward order book

2 CEO Plan and activity so far

3 Court case

Did I mention luck 🤣, I suppose there is some of that too....

Thanks pageofcups, all very interesting and some positivity there after what seems like a long wait. Only came across this following subsea7 announcement last week so started looking around various locations worldwide and stumbled here on travels across boards/market. North Sea stuff steering clear of for the minute

Ended up here from looking at other oil and gas announcements. Interesting two phase development plan. 🤔 Announcement due soon you think ?

Well I see no harm in any of the speculation here. I think we all pretty much know the upside, downside any side here and it's all pretty civilised. Can be a little frustrating for news but hey always a choice you have.

You want ramping dive across to the petro matad board. It's got the lot. Don't stay down under for too long in that cesspit, but sure does make you appreciate some of the more decent B boards and PI's around..

I'm with Blue mango. I have other smaller investments which I look to trade out into this further and timing is everything. I've been adding all along as opportunities arise and more could be available, its just a balance of their risk/reward against bedding into casp which I view as a main investment hold.

Stating the obvious, the options are at a price only slightly below the current price. I wonder whether there will be any investment before these options become available, sure would be a sign of confidence and intent, get some skin in the game...

For a big fish to catch a minnow, timing is everything. Too small, why chase, tastier morsels nearer. But once the minnow grows, there comes a point worth chasing. Don't wait for the minnow to become too large to chase.

Once this minnow proves itself enough I think there are going to be some serious DD performed. If some new large predator comes along this will become very interesting.

We are not talking fish oil here... 🤣🤣🤣

I guess there are lots of factors to consider, the viscosity, pressure, temperature of varying layers at depths upto 5 km below the surface, as well as type of oil, purity etc. I guess if I could find the data then comparable fields would be better to assess the oil and likely bopd, if the weather holds up I'll be in the sun tomorrow so something to do....