Member Info for levistubbs

Anybody there to report back?

Lol Badger, a raising like that would have me 'all shook up' ;-)

Foresight you do have a thing for Elvis don't you lol.
I am sure IF Tullow decide to drill it as soon as you say then I am sure the confidence shown by them will have prospective farminees busting the door down at Uog HQ for an interest and cover of most of our drilling costs. Relax and keep thinking about Elvis.

Nice post Badger.

I am sure Tullow will have success in Guyana not sure why you are debating that point. Let's see what happens with Jamaica but printing shares and hoping for a hit is not the way and not the way the company intends to proceed on that.

GL

With TRP I just wasn't talking about Namibia, it has a more chequered history beyond that.

Tullow have had their fair share of dusters Foresight, good 3D or not, just like most other oilers. Many small oilers have gone down the raising route to fund big drills and many of them are now trading in fractions of a penny. I am not in this in the hope that the SP might run up a penny or three prior to drilling and then have to sell out most of my holding to de-risk what might turn out to be a duster.
My transformational deal as you call it, but actually what the company said they are looking at, is a producing asset covered mostly by debt that is going to provide income from which the company can use to fund other drills and use as an asset to attract other assets. Look at what happened to SQZ. They went down your route for years with little success before taking on a producing asset and hey-presto they are now worth £350m.
The company has always alluded to farming down Jamaica to fund it. If it is as good as you say it won't be a problem but don't expect it anytime soon, Tullow are too busy elsewhere.

What tosh Foresight. Uog will have been working on the transformational deal for some time and from a lower oil price. It is definitely what is needed and will provide income and not the need to keep tapping shareholders. To do what you suggest risks going down the Trp route, only good if that very risky and costly drill in Jamaica comes in. If not then the market will strangle you.

Let's hope so. More big trades?

It's not a rumour it's what Uog are trying to achieve. The company are on record as seeking a transformational deal for producing assets and probably debt funded going down the sqz route. Hopefully it is close.

When will we be free of them? Bit disappointing that it can't hold gains. May be some were expecting more from the Agm.

Nice well reasoned post DelBoi. I guess I am just getting a tad impatient with the lack of news flow here.

Well the first half of the year won't take ANY beating. Hope you are right DelBoi.

Yes copperpot they must be pulled out with it lol.

Haha excellent choice of music amnesic. You can't beat the old northern soul ;-)

Not sure what your point is, whatever, the SP is heading very much down again to test the last low while the silence on Tunisia and Sarawak continues.

Hope all goes well, enjoy the day Badger.

Looks like they did go to the beach after all.

Yes well it is holiday time and I understand there are some lovely beaches. I also understand they have been to Sarawak a few times in the last year or so but still nothing from there.

LOL.

Yes the update of the Austin Princess in to the Ambassador was like trying to polish and t*rd lol. It was still a rust bucket and oil leaker.
Let us hope we 'eventually' have a smooth running Merc here with a turbo for the SP and has an excellent trade in value ;-)