Member Info for LONGWAIT

Can you explain the range 15-25 p, ps?

It doesn't have anything to do with 14 vs 23 percent - does it?

'Don't you realise that when anyone writes 'I'm only trying to help' or something like that, nearly everyone realises that the person must be lying, and in fact their motive is quite the opposite of 'help'.'

Some examples, all posted by TSD on JOG:

It pains me, it really does
08 Apr 2019 09:50
When will you listen to the experts like me.
Trying my best to help you all here.

09 Apr 2019 08:06
I’m here to try and save you from yourself ..

RE: Hope everyone is ok
15 Apr 2019 12:12
I’m here for the potential new investors .
TSD - the newbies friend

Thanks, ps.

In that case, applying 'boe' to gas, which is standard practice, is rather misleading.
I'm sure that most people who have read that BR is believed to contain 346 mmboe have thought that each 'barrel' is worth the same amount.

I've never listened to Haw-How's speeches before, but I just listened to his final broadcast - which he made during the battle of Berlin - at

https://www.youtube.com/watch?v=fUs0NCh3BcY

He sounded almost as self-important as TSD.
He said that the British were responsible for the War and would get what they deserved, apparently not suspecting that he would get what he deserved - from the British - eight months later.

At the end of the broadcast, he says in German, 'Long live Germany! Heil Hitler!'

My favourite part of the broadcast is where he says, 'You may not hear from me for a few months.'

Maybe TSD could take a holiday too.

Yes, Manyana, you are right, although when you write, '34.5m barrels of gas equivalent' you mean '34.5 mmboe' - i.e. gas equivalent to 34.5 million barrels.

According to my calculation, it's almost exactly ten percent of the total, so definitely worth going for.

I note that my friend Genghis agrees with me that TSD needs to be filtered.

If, however, you look at his past posts (which you can still do, even after filtering him) you will realise that actually he's just been taking the p*** out of everyone, and can't even be regarded as a candidate for a serious deramper.

The giveaway was his ridiculous remark about rescue boats, which even my friend Double appeared to take seriously.

TSD is the LSE's equivalent of Lord Haw-Haw.
In case anyone hasn't heard of him, he broadcast - in English, on Nazi radio waves - anti-British propaganda with the intent of demoralising the British public, damaging morale, and making sure Britain went down.

It was Haw-Haw who went down - at the end of a rope.

Now I understand: the oil in BR is 97.5 percent by value, not in terms of boe.

'And what is even worse, nobody else on here seems to be able to do simple maths either to pick you up.'

Yes - sorry about that.
I do have a degree in mathematics, but I'm just not as quick as you.
I've been a member for nearly six years, without mentioning my mathematical background, so I don't think anyone can accuse me of blowing my own trumpet.

I'm relieved to hear that your spat with ps seems to have run its course.
I read all your ideas as well as his with interest and hope to continue to exchange ideas with each of you (although a three-way exchange would appear no longer to be possible).

'Sorry LONGWAIT,

That article dates back to 2014 which is in the dim and distant past when Daddy owned about 45% of the company.'

It's not as dim and distant as your article from the previous year, Manyana.

Indian State-owned energy company Oil and Natural Gas Corporation (ONGC) last year eyed a full takeover of Providence Resources at a value of up to $1.5bn (€1.1bn). A deal at that level would have valued biggest shareholder Tony O'Reilly's 15pc stake at €165m – almost enough to clear his personal debts to AIB and a group of eight other banks.

https://www.independent.ie/business/irish/providence-1bn-sale-would-have-saved-oreilly-30391508.html

LTHs recall moves well into the 60s in 2017 and 2019 and it will happen again because:

1) Bulletin boards are infected to an unprecedented degree by pathogens such as TSD and tmf22, a sure sign of a bottom forming
2) loads of PIs are buying (and some posting here to say so) because the SP offers better value than ever before, being on a P/E ratio of one, which is almost unheard of
3) The company has no debt problems, unlike TLW or PMO
4) Oil being massively out of favour means it is likely to be the top-performing sector in the next year or two
5) During the next few years, HUR can reasonably be expected to increase its cash pile to multiples of its current market capitalisation. When that happens, it's going to be very difficult for DSPP, Jamie Ashcroft, James Hosie or even TSD to continue to warn of disaster without looking like total prats.

But I am hoping that by then TSD will have gone to his igloo with Beartrice, the woman who turned into a bear, tried to do a TSD on HUR, and was banned.

'Nowt to get worried about.'

You mean you're not worried that the delay may have been caused by having to pour extra water overboard?

And you're not worried about the 'considerable executive risk (presumably, of RT falling overboard and no-one noticing in time)'?

And you're not worried that Lancaster will dry up (an old favorite until a wetter scare story was invented)?

And you're not worried that Beartrice might return and scare us?

Double, you have nerves of steel!

'Apart from some very, very obvious and 'amateur grade' trolls you do have, this is an excellent BB... I have been in deep holes before ... and so I know what it's like. I think your hole may be much more short lived'

You didn't meet the woman who had turned into a troll bear.
She was very short-lived.
We had her fired.

WWN:

If I could explain the market mechanics by which the slump has been engineered, I would have by now.

You talk about 'risk.'

There has always been risk and always will be.
It doesn't explain why the SP has fallen by 76 percent SINCE first oil and during eight and a half months of steady production, recently increased by fifty percent.

RB topped up at 52p, explaining that he thought they were cheap. He didn't say to himself that he would wait till they fell to 15p because there was a risk that First Oil wouldn't happen.

It's remarkable that the lower the price goes, the more people talk about risk!
The biggest risk was that HUR wouldn't acquire the means to start developing Lancaster.
That risk disappeared long ago.
The next risk, supposedly, was that First Oil wouldn't happen.
That 'risk' disappeared eight and a half months ago.
The water risk is a manufactured horror story which unfortunately has scared the wits out of people who should know better.

There is no reasonable explanation for this share price slump other than market mechanics, aided by deliberately engineered panic.
Posters who have returned after long absences declare themselves dumbfounded.
It isn't because they aren't intelligent enough to make sense of the price fall; they are dumbfounded because they realise that something strange has been going on.

'Ultimately I suspect there are other factors at play here which will no doubt become apparent at the CMD.'

You mean the BOD have been aware of factors which could have caused a 77 percent fall in the share price, but have pretended otherwise?

And that they have known all through the share price slump what they were going to reveal in the CMD?

There were long discussions of DSPP's nonsense about water cuts engulfing the company.
He was actually taken seriously.
One veteran investor actually sold his holding because of it.
And yet, when Edison say HUR's NAV is way above its market value, we read that Edison isn't impartial and has been paid to give its assessment.
How about TLF?

Two reasons:
First, Warwick Deep did not flow . ..Second, early water production from the EPS was not expected.

(WWN)

If you're saying that those are the two causes of the share prices collapse, I disagree.
You can't seriously argue that a disappointing drill result and the existence of water cuts, which is normal, outweigh the excellent LC result and a fifty percent increase in production, let alone explain a 77 percent fall in the share price.

Someone asserted that the price fall is the result of institutional investors becoming nervous.
This, too, is merely a rationalisation.
We have yet to see any evidence that institutional investors have been selling.
The price has fallen because of market mechanics and nothing else.

I have a better idea: we all pay for a holiday for TSD in the North Pole.
I have found a suitable igloo on booking.com.
It's a one-way ticket - we can't afford to take any chances.
I suggest the woman who dressed as a bear as TSD's travelling companion.
I sincerely hope he joins her soon.

As soon as I'd posted my last post about paranoia, I saw TSD's latest post.

I realise that by saying he is mad, I run the risk of being banned myself, but my defence is that it must be patently obvious by now to everyone, including the administrators, that TSD is mad - either that, or he is deliberately posting lies and scaremongering in order to get sadistic satisfaction.

In my opinion, it's both.

I'm reporting him to the administrators, requesting that he be banned, and I suggest others do likewise.

'What you gonna do if these 'scum' have called it correctly?
Will you apologise for your words?'

Scum never call it correctly, which is why AH ended up having to blow his brains out on a sofa, after his WW2 call option expired, worthless.

Reading some of the posts about HUR, JOG and RKH reminds me of the comments about the McCann parents, alleging that they had kept their daughter in a fridge in their apartment - in which presumably they also kept drinks for their guests -
, transported her in the boot of her car (during a journey in which they were accompanied by a journalist), and then dumped her body without anyone noticing.
I am also reminded of a comment which appeared in a British newspaper, which stated 'the net is closing in on the Tapas Seven.'
The implication was that the seven friends with whom the McCanns had been dining when their daughter went missing - who included four doctors - were about to be arrested, making a total of six doctors suspected of involvement in a girl's disappearance.
I don't have a high opinion of the medical profession in general, but any reasonable person can tell the difference between reason and paranoia.
What we are seeing on these BBs is a form of paranoia and unfortunately Double is correct that they have really deteriorated.