Member Info for mrc_mrc_mrc_mrd

KO - that is the problem. Inflation incoming which means the party is over and the FED are no longer supporting markets. Tapering and interest rate rises mean a strong dollar and impact on crude demand.

Hardly ramping PMG, and just giving my opinion here.

Pmg has doubled in the last year. What has SCIR done?

Unfortunately you can’t spend that warm feeling you have from getting a longer extension!

I suspect anyone with any experience in AIM is well aware of SCIRs history - not so much sleeping, just not interested in touching with a barge pole!

Really hope you get a nice rise here soon Chris. It’s been a punishing few years on this share since the current BOD came in.

Questions usually have a question mark ;)

Chris - the market disagrees with you. The news means more or less nothing according to the SP today.

Some jam in 2023 maybe?

GL no question.

I’m holding - it will be a sudden rerate I think based on previous price action. Doesn’t take much volume to move the price. And it still feels to me like platypus, renewables, drilling, or Dutch gas will not be leaked. Perth I think we would see price action prior to RNS because of a large number of people in partner organisation anticipating it.

Happy to hold - Dutch gas prices have been the main driver this year. Not too much priced in for the other assets.

ENQ has a history of disappointing results (at least as far as SP is concerned)

Hopefully this time it’s different. They should be throwing off cash, but it is easy to get over excited and forget about the production / cash flow sharing. I think L3 is too pessimistic but Pelle perhaps too optimistic!

Production will probably be at the low range of targets in 1st half, but should not be news to the market.

Chris - now that we have the licence, what is the next piece of jam you will be promoting?

This jam doesn’t seem to have had the effect you anticipated!

Thanks pokerchips, I’ll keep it on my watchlist.

I’m looking at a graphene co on crowdcube and AGMs name came up in the discussion there.

I’ll congratulate the BOD when they start delivering what they promise. Most directors don’t get a second run at a strategy. Weren’t we supposed to be a mid cap by about now? Was it 20000 barrels per day?

Lmfao

Now the promise is an EV of over 100 million. No chance IMHO.

The BOD need to start being a bit more realistic and honest IMHO.

AA I never said they would drop below IPO.

The worst thing the BOD did was let this IPO go at such a low ball price. That has what has been so damaging. We used to have 15%! Now that would have been company making if they had floated at 10p.

They have taken a massive risk by holding these remaining shares. Clearly half a million that has just been wiped out doesn’t mean very much to them!! For SH that is the difference between a placing next year rather than this year. As always more dilution.

I have admitted their wells have been luckily well timed. Really though was a successful drill going to add anything beyond a pump and dump on results day? The BOD are behaving like retail punters IMHO.

Who knows, it’s always been fairly opaque. My guess is they just sell it spot price.

I think the pressure on prices will be here well into next year.

It’s great for PMG. Just need to start spending this cash pile now IMHO.

That’s if they can sink another drill this year? Might need to re think the well location given the issues. Not sure how much they will be funded if there are delays until next year. Could see another placing.

They had every opportunity to sell above 20p which was a very optimistic price. Why gamble?

Could be entering the drip drip phase prior to the next placing?

This delay and uncertainty is not good. I wish the BOD hadn’t gambled. Sell it all today IMHO. Get out before the retail punters realise this is the end game.

They sure know how to BTFD!

Quite an astonishing recovery.

Prices up 7% - That Putin isn’t such a bad bloke.

Should see a rise here tomorrow I would think.

What’s your view on Brent now?

You’ve called things pretty well this year. Have you changed view on the delta impact? I think you were expecting sidewAys moves for the next few months.

ENQ holding up very well so far today, though underperforming against peers. Hopefully come back a bit before close.

Chris - my gripe is that unless someone digs through all the RNS then they won’t know he has stood down.

Most people will look at companies house for their due diligence and it is good practice to keep this up to date. As I say, it is a 5 minute task.

As I say, just another indication that the BOD are not on the ball.

This deal is really an irrelevance. Much larger scale is required to stop the never ending dilution due to the money pit that is Ruvuma.

You still in CEG? Not going great guns there...another jam tomorrow company running out of jam prospects.

Yes it will not require all 17 companies.

Will just mean that if cairn take it then they sign an agreement that it’s settled in full.

Most I imagine will go that route but CNE may not

I’m sure it will be but it’s just another black mark IMHO. It is literally a 5 minute job. Maybe they are spending every waking moment getting this deal over the line.

Things are not looking to good for sticking with the timeframe mentioned in the strategy announcement. I really wish they would be realistic with their promises.