RE: Angs Directors shell companies a big red flag21 Jun 2020 18:39
I believe taxable profits and losses are ring fenced in UK oil & gas operations but generally to the ENTITY, not the Field. So the y can offset future income form anywhere against losses as long as it's in the same company. But they DO have to make a profit first....... you don't get a rebate
RE: Just can't make sense of it all21 Jun 2020 07:42
I think Welsh has hit the nail on the head - for all this work we're not seeing more tankers on a sustained basis
Mullins has reminded us that on HH2z the company said ". Half hourly rates have thus ranged from a high of 778 bopd to a low of around 10 bopd" - I'm afraid the evidence is starting to point towards the lower of the numbers rather than the higher
Ibug - that's Reservoir engineering 101 - he probably got it from Wikipedia
When they drilled and tested HH1 we had almost daily updates about net reservoir, gross reservoir, flow rates, expected flow rates, possible upside flow rates, fractures etc etc
here we have NO solid information in 6 months - they've had the well logs for 6 months - it doesn't take more than a week to give a decent analysis and a month for the full works. If they haven't said anything we have to assume (pace Broadford Bridge) there is something amiss and they don't want to say until they can produce some good news.
"Great reminder Matt, HH-2z still to unveil it's potential."
Some of us have been waiting since the original HH1 Well test in 2016 - and a whole lot more since Christmas Day 2019.............. the longer they go on without telling us just what that well is expected to produce for the next year the weaker the position gets. Even on HH1 they indicated "3x the flow from a horizontal well".
They've had a bunch of well data for 6 months - what can it do??
Interesting that FIG are looking for a new hire - they don't have a lot of people and often rely on the HMG for advice (eg the British Geol Survey). When & if Sea lion starts up it'll bring a whole raft of unplanned issues affecting any Government - and in the FI it could be overwhelming. I can remember hearing someone saying that Cyprus had to change over 100 pieces of legislation when they started to licence the deep water about 4 years ago - they had to ask the Eu for assistance it was such a big job as they had to trawl through EVERY law and rule to see if it needed altering /adapting.
Crazy to worry about gas prices when SFB is unlikely to come on stream until mid 2021
No one has a clue what they'll be in 12 months time - you either believe that ANGS can control their costs to make a profit or not. Given the field is a restart risks are lower than straight exploration (eg Balcombe). I think they'll make money - but not a lot
Some people bought all the way down - not all the rampers but I'm sure some believe in "averaging down" etc - plus you have large amounts of shares in Tellurian, Cannacord and YA hands .
If the shares go up by a massive (sic) tenth of a penny a lot of the day traders will sell making , before fees, a tenth of a penny or so. This is still a 5% gain - they can con themselves and their buddies that they are the latest Wolf of Wall Street but it's still a profit . Every increase brings more of these shares into profit - so people will sell , pushing the price down again.
I don't think this is pump and dump as there is nothing from the BoD, or Lenigas or even some of the less salubrious major "experts" we all know infest social media.
There's just an infinity of points where a couple of hundred million shares are ready to flood in - without a really good, sold, positive update and plan this will just gutter along for years.
"Vidtaman. Your now interested in my analysis. I'll refer back to a previous communication on dhoc . Tymers crawl back to ukog money pit. Vista you cant kid a kidda fella and choose which de rampers I'll communicatte with your not one of them. Ukog United"
he's breaking up - either the strain has got to him or the line from Mumbai is playing up. I seem to remember another of the Great Rampers started to post gibberish just before the men in white coats arrived.
"He probably has bought his shares on the open market so no one can accuse him of insider trading " - that IS insider trading - he can't trade in closed periods and he can't trade when he knows something that isn't RNS'd - he also has to report his purchases........................ He hasn't reported any so I think it's safe to assume he has no shares - lots of options indeed