Member Info for LGO-fan

My fellow LTHs won’t like me so much now, but I am not a fan of the 2nd RNS. I have no issues about the content, as I do about the timing of it. Yes, you can argue it shows confidence in Saffron, but until a economic success, too soon to bank on it. Call me old fashioned but deliver first and than change payment. They should have waited until the results of the drilling, announce exactly the same RNS and implement it Jan 1st.

So, not too happy about it and suspect sp will take a hit.

EGTP, totally agree.

IMHO, this BB has been troll-free, as far as I can tell. But fair to see most here welcome your input!

Really can't wait to see what to see what the forward plan is.

hope you didn’t buy?

Indeed!

and for those saying, "yes but we are going into Suriname"....ok, here is some good literature:

https://oilnow.gy/featured/suriname-hoping-to-replicate-guyanas-one-find-after-the-other-lucky-run/

https://oilnow.gy/featured/100m-investment-fund-set-up-to-support-guyana-onshore-og-services/

"Addressing members of the Guyanese media at Duke Lodge, Georgetown Guyana, Verwey said the $100M investment fund is geared at looking at the Guyana market in particular, for onshore related services and activities."

Another great example of what is happening in O&G in this part of the world and how local government is putting measure in place to support the industry. Quite telling...

there is always the option to top up guys, don't feel envious about the new shareholders. Topping up at these prices could do wonders for your investment

It is a mystery to me ;-)

what's up with this daft spread?

UNDERSTATEMENT OF THE DAY!!

is there also a bent copper involved....otherwise might be a case of AC -12 :-)

hahaha : -)
It would be good to have him back so we can see how he reacts when he doesn’t have a direct line to the CEO. He will know just as much as anyone else.

Doubt he has the balls to confront people openly here. A shame, could have been lots of fun!

Unless of course he is already here, maybe even never left us! (imagine dramatic music)

In all honesty, I would welcome him back! Let's see how much insight he can give us without a direct line to the CEO :-)

Catching a falling knife is always very risky!

yes, probably right. Timing of entry is everything. Entry now felt way too risky (again, nothing more than a hunch).
But it makes you sit up and think twice when you see a share drop with 40%+.

A bit an off-topic point, I wanted to share here. More as a learning/warning. I have been looking at i3 energy for a while as a potential investment. Lots of ramp-a-tamp going on, lots of blogs, tweets etc. Everyone seems very excited, lots of traders tweeting, blogs from the Oilman Jims of this world, Malcy etc etc...a whole “organic and inorganic” Pr machine seems to advocate this share. I decided to hold more based on intuition than anything else...I just checked the SP: down 40%, based on disappointing test well results. Shows how brutal AIM, shows how never to trust the ramp-a-tamp.
A lot of my AIM successes are shares I avoided :-), FTSE has been kind in rewarding shares I invested in. AIM remains a casino and hard to find the couple of real jewels. Hopefully this is one. Hope based on the work the BOD is doing and turning it into a real business; “soufflés” can only rise so much before they collapse, lol!

At least, based on the last 6-9 months, the BOD has demonstrated they do their work well: everything they do seems very thought through. It often takes more time than we hoped for, but when the RNS lands it (usually) makes a lot of sense. Hopefully it will be the same when the CPR RNS lands

Yes, I believe so too: T&T need more oil. Fingers crossed!

Totally agree! Would be great to actually have some chats about AOGL here for a change. The PQE holders, surely can set up a BB somewhere else...