Member Info for LONGWAIT

I think the consequence for APEC will be that they lose the deal, Mamms.

I recline corrected.
Of course, I meant 'per hour', having done the conversion myself.
I think it's just the early stages of dementia - a premature aging brought on by five years of reading LSE posts and checking prices daily and realising that I could have spent five years in the freezer and been no worse off.

Still in shock from reading your massage message, Double.
I had to get a stiff drink from the freezer bar.
With customers (I use the word cautiously) paying the equivalent of 90 euros per minute, I would have thought the masseuses could have afforded to be rather more broad-minded.

Thanks for your replies.
I didn't make it clear that my second attempt is always successful.
I did notice the mistake about massage, but left it to eagle-eyed oilies like Double to spot it.
I also had problems creating a new thread, but I don't think I tried a second time.
As it is, I could really handle a massage.
Even better, handle a masseuse.
Could be due to being slightly cramped in the freezer.
I may have to remove the drinks bar to create some more room.

Are you referring to a technical difficulty, Jiffy?
When I press Post Message, my massage does not register.
I have to go back to the previous page and press the Post Message button again.

One more thing, sounder, which I have only just noticed:

What I actually wrote was:
'SOU has always exaggerated its prospects and is now considered to be a no-hoper.'

You then mis-quoted me as follows:
" SOU has always exaggerated it's prospects and is now to be considered to be a no-hoper."

You made it look as though I myself consider SOU to be a no-hoper.
I have never said anything to that effect.

350p is 'more than 300p per share.'

If they were successful, they would be buying us cheaply.
I think someone will counter-bid more than 300p per share.

' I just cant see that changing.'

I understand that entirely.
It's what the stock market - and AIM in particular - does to one.
A value investor would look at the conservative valuations - I think the latest is 134p per share - and conclude that HUR is a screaming buy.
In other words, the market is wrong.

I can't answer your question, WWN, because I don't understand enough about drilling.
I understand your basic point, but it's like getting the gist of something rather than truly understanding it.
Before I read your latest post, I was going to say that I wondered whether these considerations are influencing the majors.
I recall something about them supposedly taking the view that HUR would have to prove the model before they would get involved.
Maybe we are not to expect a bid until three years of oil production have elapsed.

Yes.
I remember you said it was mentioned in a CPR.
But if it's important, why is HUR talking about six months production being the key thing?
Why not three years?

Thanks, SIPP.

'Hurricane is also mulling a number of funding structures, including “those that do not result in a reduction in licence equity”.

The company also provided an update on the Whirlwind discovery, saying it was not a suitable candidate to be tied back to Aoka Mizu.

Subsurface and development teams are working on the best appraisal option for Whirlwind.

And Hurricane will relinquish the Strathmore asset, which, unlike the firm’s other reservoirs, is sandstone, not fractured.'

I can get back in the freezer now and dream.

Maestros mentioned HUR and I replied to his comment.

I couldn't care less whether you could care less about HUR, sounder.

I've spent hours writing posts arguing with people who have written SOU off and I don't need a lecture from you.

HUR is absurdly undervalued, Maestros.
Not only does it have a first-class team and world-class assets, but it is now earning revenue.
Compare that with SOU.
HUR has always under-played its prospects yet has done remarkably well.
SOU has always exaggerated its prospects and is now considered to be a no-hoper.
Let's hope the market is wrong.

In a way, I'll be relieved when September's gone.

No more backstops and no more updates on Chinese Crackers.

If the transfer is not completed within the next ten days, then either TOR or someone with a reputation will have to negotiate a replacement farm-out with one of the parties he said have shown interest in doing a deal with PVR.
Obviously, if the transfer is completed, then TOR;s reputation will remain as it is.

Thanks for your replies, Double and Biffa.
What makes you think I am defrosting, Biffa?
I'm in the freezer, cheating.
Can get tricky, clearing the ice off the laptop, though.
Also, typing can be tricky when you can't feel your digits.
For "Too many shares..." read "Too many bonds..."

'finding three or four billion...'
That means more dilution, Double.
"Too many shares..."

'However, we remain cognisant that it will take at least six months of steady state production before we are able to evaluate the validity of our reservoir model.'

No mention of WWN's critical third year.
I suppose if WW is non-commercial, SP will be back in 30s.
Every success results in stabilisation of the share price and every failure results in a slump.
That's AIM / Lewis Carroll.

I think you're right, but if the money were certain to arrive by the end of this month, then we wouldn't need money for five months and we wouldn't have held exploratory talks with other potential partners.