Member Info for LookBothWays

There was a drop before that last fund raise which I treated as suspicious hope this is not more bad news that someone knows about.

2 things about TT
1. Paul Braay the CEO of TXP and PG know each other quite well as was obvious from the last Proactive presentation they were both chatting behind me before the presentation, sadly I could not hear what they were saying but that friendship, they smiled a lot, could be useful.
2. TT is very corrupt, things dont happen easily it needs someone who is very good at negotiating the politics of the country which I consider PG will be good at and Paul Braay isnt. Shell have a fair bit of acreage over there and are not the most helpful of companies to small O&G operators. I would assume they would be more hostile to using other people's EOG rather than their own tech.

They did order in time you idiot they did not know their ship was going to be taken away quote from them. Here is a quote from the RNS these are official company sanctioned information bulletins advising shareholders, you are one arent you?, of what is happening incase you dont know. I thought I had filtered all the morons., one more for the bin.
This will be later than the previous guidance of mid-December as some remaining well inventory was delayed as a result of having to be trucked by road when previously negotiated transport by sea was withdrawn at short notice due to the competition for vessel capacity created by market conditions generated by the ongoing Ukraine-Russia war.

You cant plan and that is why PRD are struggling. I had to buy a level switch today for a tank relatively simple PTFE coated tuning fork type. Normal lead time 2 weeks now 7 because of chip shortage.

I should add as stated by others here, one piece of metal can stop you getting a whole package so there is no definitive timelines for anything it all depends on what you want in particular. All well heads are not the same, hell all pressure switches are not the same some you can get next week some 2 months depends on the application.

Currently not ordering wellheads equipment so dont know the delivery times currently for them. I am ordering less extreme instrumentation for tanks eg level, pressure, temperature etc. All the vendors I talk to tell me of delays they have in their product range.

If you are not out in the market regularly buying or hiring anything you would not know of the issues. I suggest this is the issue. I see it in another company I am in where I have told the CFO to his face what is going to happen when the equipment he has enquired about is actually ordered. He knows better apparently maybe he is posting here?
Porters you a CFO anywhere else?

I am O&G I buy equipment regularly, lead times are mad just now and can easily drift out. Shortage of exotic metals or micro chips plenty of issues. Hell there is even a shortage of specialist glue to seal switchboxes on valves. Cancelling an order will not get you anything faster there are universal shortages you cannot magic metal or chips out of thin air. The stuff being used on high pressure wells such as this have to be to a higher spec simply because you can literally put parts of this rig in orbit with the pressure they are potentially drilling. I have specced high pressure gas well head valves so I actually know what I am talking about, do you Porters?

That is a long grass kick.
Hired consultants.
To plan a forum.
To discuss a document.
That will be a framework for a future meeting
To talk about the possibility of working together on a plan.
There will be a general election before that ever comes to fruition. Events possibly this winter will overtake that 'plan' I suggest.

Have to wait for the next interview to find out. Delays are the norm in O&G try being in TXP something you have to live with. Drilling will happen I suggest just have to wait. I am not going to get into a panic yet.

Any O&G management do not normally give a running commentary on permissions, construction commencing etc for a drill pad there would be RNSs every week practically. They will tell you when they spud.

Neebie here so will filter the idiots.

Stop wittering on about the queen, really.
As for a rare PI asking difficult questions I am not shy I ask anything. There were two of us as well, one accountant one O&G engineer so know what we are talking about. I being the O&G engineer spoke mainly to Lonny my mate mainly talked to PG. We both got a good feeling.
I am sure you would have asked much more difficult questions though if the queen hadnt of died that night and you were there obvoisuly, jeeze some people.

I have to assume you have not been in the bar of the Chesterfield Mayfair hotel as its like a library, was quieter than the presentation room where I started talking to them. Dont criticize something you have no knowledge of, as for the queen dying what's that got to do with share investing? That last comment makes you look desperate to put a negative on everything.
Accept it you weren't there and stop critiquing management from not being available.
Why dont you start their dress sense now, thats got as much relevance as your other points.

You weren't at the Proactive presentation in London recently where he and Lony were thoroughly grilled in the bar after then? Great opportunity to dig into the management and the reason I have bought in. Cant blame them for not being available if you dont turn up.
The rest of what you say is risks so is drilling anywhere however both directors have massive Morocco experience and experience of drilling wells in general so expect them to be on top of it however as with any drill something can go wrong. If you look at negatives you would never invest. Here the upside makes the investment worth the risk. Pays your money....

Its not $600,000 though.
RNS 7th June....
Based on operating and capital investment costs established by the Company for the CO2 EOR operations at Inniss-Trinity, the utilisation of unused tax losses, and an average WTI spot price of US$100, the Company is attributing an undiscounted value to these potential resources of US$30/barrel after deduction of all taxes, royalties and operating costs, inclusive of CO2 supply. The Company therefore determines that the potential claim for estimated consequential losses against Challenger, based on 50% of net profits under the WPA, could be up to US$12,800,000 but may be revised upwards depending on forward oil price projections.

Earache
I have been in ORPH since it was 5p when did you buy?
What's that, you have never bought any did you say?
Why would anyone with your view points on the company actually hold shares?
Go dramp elsewhere this is not going any lower, sellers are cleared and news flow coming. Both are facts that will burn your ass.

So Bronx
you are agreeing with me that CF has a successful career in pharma which you forgot to mention when you mentioned his previous foray into O&G. Go deramp elsewhere you are so poor at it.

Ah Bronxville
half truths again. CF is the co founder of Amyrt Pharma, have a look at the share price which shows he knows what he is doing in Pharma. He has been in oil and gas as well but that is very disingenuous of you missing out Amryt which he still holds many shares in. As for stepping down as CEO of ORPH he already has so why are you not happy?
If you have any knowledge of the man, which I think you do though you are pretending to be stupid, you would know he is very good at setting up companies and then moves on he is an entrepreneur. I expect him to go to DiM as that has the best prospects for growth of the 3 companies ORPH will have the most sway over from the spin offs. ORPH is effectively set for a very prosperous future. Its a profit making CRO in a rapidly expanding field of challenge studies it will re rate as per its turnover which is only going to rise or as per the value of the takeover offer which I expect will come in next year I expect as there are big predators out there to whom ORPH would fit nicely in their portfolio.

Note that was challenge studies alone hence not including Venn contracts.