Member Info for MCB55

Stu,
The real block to any takeover is that as the new Licence holders any NewCo will have to be committed to a credible plan, involving billions of expenditure, to develop the assets or the OGA will not approve the transfer of Licence!

You will get your money and more by end of month!

Shedful,
The SNP want to turn the economy green (because they think it is a good political bandwagon to get on), but they also are practical enough to want homegrown income! Hence the public face is green, but reality will win out and they will encourage Hur development privately! IMHO

"LanFax will be deemed a 'strategic asset' - by Scotland if not the UK)."
They both will see it as strategic, but will want to publicly down play it a bit, but behind the scenes encourage it! IMHO.
On the OWC, any revision in reserves will not be that great (10-20%?) IMO and overall rationally not that material as the reserves would still be huge by any measure.......however the initial impact on investor sentiment might well be! Hence the need to soften up the market early!
The real impact on a higher OWC is how much it potentially affects the longevity of well 7 (assuming not much perched water, but a lot of basement water)!? It could be that the first fracture is particularly large (hence high PI) and well connected to the basement, so that fracture may water out fairly quickly (a year or so), however that does not necessarily mean all the other fractures behave in the same way. So on that basis, surely best to plug off the first fracture (not sure how, but Dr T seems to know!?) and produce from further along the 2 kms of the horizontal? I know Aduk not keen on this, but seems to be cheapest option for more stable production, albeit with some risk (nothing in life and the oilfield is without risk anyway!).

"Seems to me that even with a shallow owc, LanFax sill has potentially quite a lot of oil - but, in the greening environment, is it viable or will it become stranded (BP)? That's the investment question now, imho. "
Oil will be required for another 50 years. WoS is a politically safe and relatively "green" as not far to transport the oil (vs Middle East oil for instance), so on rational grounds Hur should expect to be developed and be a success. However the big issue is who is going to touch it and spend billions to develop it!? Anybody announcing a new Field Development will not get great press!

"Fwiw : my feeling is the September technical review will contain some bad news (higher owc) but also proposed remedial action (7z sidetracked or 8-well)."
What about sealing off the water producing fracture at the early part of the 2km horizontal! and then producing from the supposedly more productive fractures further along the horizontal? Not sure what technique(s) could be used to seal off such a fracture in open hole, but Dr T has alluded to this as a possibility!?

Mr N,
Your welcome.......heres hoping that this is just the start of great journey to the sunny uplands!

I certainly hope so inorder to support and push forward the current sp!
A bit concerned that todays rise is just a froth carry over from yesterday though.

My assumption is "get any bad news out early rather than let it leak" and also they have a duty to publish any price sensitive info. Also a pre warning now might mitigate the impact of the Sept statement!
However having said the above, it does seem unusual to half predict the outcome of a formal technical review before it is actually concluded.......cannot think it is anything but a pre-warning to hopefully reduce the shock later!

Someone is in the know then.......we need this rise backed up by something solid, a positive rns!

A healthy rise so far, great......is the UK sp just adjusting to the latest US sp or is something more afoot!?

On the OTC sp $0.129, so a little over 10p, small volume though!

I agree, but can't see us getting there without some good news, particularly financial hard facts like seed sales!

I like your optimism, but think you are over egging it a bit! However my main comment is that if and when we can turn a net profit of £1-5m/a then we will have a solid base and the sp will be up & away. Before covid, CBD stocks were on p/e's of well over 10 (some 100+) so £5m/a and p/e of 30+ gives an sp near enough £1 (anything close to that would be v good!).

Feeling a lot better after listening to that interview!

Agree, I hold too, hopefully more news in next month or so!

The staff share options were part of an incentive plan and so they will go at nil value if they leave the company.
The market never goes up in straight lines, but Zoe seems to be holding at around 10p for now.
We really need some good sales figures/revenue (from seeds and/or products) before the sp moves forward big time, however that will not be forthcoming until the general retail business market picks up both in the US and here, so a few months yet!

"But given each machine could be doing 30,000 tests/month and there are 1,000’s to 10,000’s of them"
There are 1260 hospitals in the UK and most will have a BAMS machine, so more like 1000 machines easily accessible in the UK. Still do the maths on that basis and you still come up with some big numbers! Worldwide then multiply by 100 again!

" ultimately still their own genetics and seeds.."
So is that now our unique selling point then? That plus the Chill brand name. One previous usp was that Zoe was the only vertically integrated company in the business, no more!?
Do we own a particularly good seed variant by chance/development and all we need now are third parties to grow, nurture and harvest the plants, also to manufacture the selling product, all we provide are the seeds and the distribution/sale of the finished product? If that is the case then are our seed genetics somehow protected by patent?

The update on seeds must be imminent surely!?