Member Info for mrc_mrc_mrc_mrd

They will take everything down if panic sets in and we have some big drops. The real world is doing ok so I expect real world companies will be ok. Outside US valuations are sensible.

lol, yes £10k traded so far today. Stonking. Lol

Chris - any luck trashing any of Dan’s companies? Don’t think they will be too pleased with you!!

I might drop Orana an email and let them know what’s going on.

Markets are taking a tumble. Could be the excuse needed to bring this back down to half a penny?

AA - it was a bad deal in that they had not margin in it for prices moving down. Also the reserve life was only a few years so big risk that prices were low and no chance to average out over life of field.

That said, the penalties for pulling out, and sunk costs in GNEISS fees were a killer, and I think it would have been better if they had gone through with it (even with low gas price at the time).

These guys are supposed to be at the top of the oil and gas game. How did they get it so wrong?

My Put options are starting to look good. Risk is piling up.

I’m holding my sipp shares…should probably sell but long term PMG and ENQ are cheap.

The power is fixed price I believe so no exposure to energy prices.

Meanwhile it’s a bonanza for Nat gas. BOD screwed up badly with one dyas.

If we go at the current rate of progress then we might be able to cover the BODs salaries and Gneiss fees by 2040.

Not really good enough IMVHO

Do you think they will announce a primary bid placing after market closes and before presentation? Would make sense. Drum up a bit of support?

Always winter, but never Christmas for SCIR holders.

I suspect SCIR buyers are nervous about the terms of any placing that is coming down the line. Possibly a new low with a primary bid raise. I see they are sponsoring the webinar.

The OGA are generally accommodating. Their remit is to maximise economic recovery. It would make no sense for them to kick the development years down the road when the incumbents are pushing forward despite a setback outside of their control.

Lol, tin foil hat on Chris?

For those who are not aware, Chris thinks he has unmasked me as former BOD Dan Maling, and is trying to spread rumours on the HEV bb (which Dan has some involvement in). It is very strange.

Chris - doubt this drill would prove up much of that “management estimate”. Certainly won’t be booking that as reserves, lol.

Great idea to try and pump the SP though!

Hi AA - yes quite right!

Still up 5x from a year ago though!

PMG a no brainer with the profit they are making on the Dutch gas. News on the other development assets could drop at any time as well. And a potential drill next year. All very exciting if anyone is bored of SCIR! AIMVHO

Think we probably got rid of a few stale bulls today. All good for the next leg up.

Would be nice to get some news soon.

Now past €72

It’s going to be an expensive winter! Glad I have my PMG shares so I don’t feel too bad cranking up the heating!

In the end the dividend will be the same so to me it doesn’t matter. It just means you can get a bargain now buying European oil shares. Ultimately the SP movement is irrelevant if you are holding long term.

Even if you are investing medium term for the deleveraging, that will become clear as each period passes and we reduce net debt. SP will rise accordingly.

Americans are optimists and risk on. I think that is probably the main reason for the divergence.

E121 - the end result will be the same so it matters nought to me.

Personally think it is not that difficult to come up with a ball park figure ourselves. So much can change over 6 months that forecasts become a bit pointless. Does anyone really invest long term based on a company 6 month forecast??

Would be interesting to see what TLW forecast for the 1st half.

As L3 always says - production is the key, and we get guidance on that, as well as costs.

KO - what a load of dog ****e

People invest in Amazon because they know what it does. Same for Apple and Tesla.

A lot of retail people who invest in oil are in the industry. Others will come in when they see the FCF and when dividends start coming over the horizon. That is all that matters in the end as we delever.

ENQ just need to keep chipping away at the debt, developing reserves, and putting in place renewables opportunities.

ENQ are cheap. At some point that will change.

E121 - TLW have had a lot of trouble with forecasting in the past. For me I would rather make my own forecast. I think it’s possible now with the information we get from ENQ.

All forecasting does is alter the timing of SP movements.