Member Info for Mals1960

It must be time to sell the current oil stock to one of the alternative buyers, PC cannot be trusted now

I wonder how long PC will be given to delay the Block XX oil sale sign-off? If they do want to buy block XX from Matad then it suits them to delay until Matad runs out of money for operations and production enhancements

I wonder what new permits our friends in China and their puppets in Mongolia will invent to delay Heron next? the only surety is that PC will be pumping oil from their side as quickly as possible

Thanks Dive

Given how toxic the Chinese are in their dealings with their neighbours, there needs to be a plan B to find another route to market for Herons oil or PC will hammer them in negotiations

Many thanks BP and Ocelot, fingers crossed for Brockham but looking at the Survey map for Lidsey from West Sussex Council there are two wells so perhaps one could be used for re-injecting waste water and oil production could restart there too, hopefully Angus will update us

Emails to Angus on their web page today

Dear Angus,

It's been over 8 weeks since Brockham restarted production could you please advise on when 24 hour operation will begin and a timescale and specifics for the "operational improvements" that were highlighted in the RNS of the 5th June?

In addition where are we with the planning requests for waste water disposal from Lidsey and if not allowed then reasons for not reinjecting the waste back into Lidsey please?

Hi Dive, HL are the provider, I was trying to see if I could pass the DCU's on to my children while they sit with no current value, I managed to transfer the ex ISA DCU's from the Fund and Share account the them though.

Thanks Boxers, apparently the DCU's are not trade-able within a Sipp, my hope was that they had nil value so could be just transferred but it seems that I have to die first

Hi all,

I'm trying to ascertain if it's possible to transfer the DCU's in my Sipp to my children (ideally into their Fund and Share accounts) the DCU's are shown in my Sipp as having no value and not tradeable so in my mind there should be no tax or lifetime allowance complications, has anyone else attempted this please?

Petro China, while not quite the only game in town for starting H1 production, are probably the only oil route to market for the next few years.

Given how China's Communist Party's Wolf diplomacy bullies and grabs from it's neighbours and suppliers and PC is a CCP state company, I see difficult negotiations and silly games ahead unless the MG can bring it's influence to control PC until the refinery fires up.

We could ask MB to estimate how much of the shared oil in the common basin with the PC block have PC extracted over the nearly 5 years that exploitation has been delayed

We need a RNS to hold this rise or I'll drop

Why and when was Brockham's previous production closed?

How many shares they buy is the key to their belief in Angus

By the time Matad are finally allowed to start production they'll find a cheeky side track from a nearby well well has emptied the reservoir

Any ideas on the funding requirements for Angus to run the tests on Balcombe, assuming no High Court appeals, I have asked Angus but they're ignoring me

To Angus,

Hi, Please confirm, is there a plan b if the refinance can't go ahead? can we continue without new finance by just relying on the income from Saltfleetby?

If the refinancing attracts dreadful T's and C's is there a plan B?