Member Info for MTSparky

In interviews AA always mentions southern North Sea gas and his eyes light up. The answer to RRE next move is there somewhere....;o)))

Would either Dana or PMO like to cash in now and sell all or some to RRE?

The Tolmount discovery lies in Block 42/28d of the P1330 license, approximately 40mi east of the Yorkshire coast in the southern North Sea, UK.
Block 42/28d was first awarded to Dana Petroleum Exploration & Production (E&P) in December 2005. E.ON E&P farmed into the project in 2010 buying 50% equity, and operatorship of the project.
E.ON sold its entire UK exploration and production (E&P) assets to Premier Oil (Premier) in April 2016, transferring ownership and operatorship of the Tolmount field to the latter. Premier and Dana Petroleum E&P each own a 50% interest in the field.
Tolmount is one of UK’s biggest gas prospects since Breagh, and has significant upside potential. First gas from Tolmount is targeted for 2020 at a peak production rate of around 250 million cubic feet a day (mmcfd).

...when is the sucker going to land? Friday.

...are pushing us upwards. BREAK OUT !!!

strong start, soak up the sells, wait, soak up the sells, carry on buying. Familiar pattern.

I'd say yes deffo gap will be filled. #kissofdeath

£15/sh in 4 weeks? June will see what results the OPEC+ cuts have made to oil storage and supply. Looks like someone is loading up anyway...;o)))

That £22/sh cash stash is looking safer each day we move forward. $50/barrel not too far off hopefully.

Saudi Arabia has directed Aramco to cut an extra 1m bopd. This brings total reduction to 4.8m bopd. Hopes that other OPEC+ producers will follow.....

I haven't heard it myself but I believe AA discussed the subject of a T/O in the ************* interview over the weekend.

Arran should still hold a favourable value to RRE. £100m based on 9MMboe P2 reserves plus CAPEX already paid out? I'd be happy with £30/sh or thereabouts.

...with all this free cash available. Interesting to hear AA is open to offers for the company at the right price. £30/sh as it stands wouldn't be too bad but then you add in Arran coming on-line in a year or so. Maybe £30/sh is way too cheap?

BRENT is doing its bit today up to $31.50. Great to see folks keeping the faith and putting dividend cash back in the pot. To think we were all moaning when the sp stuck at £17.50 for weeks !!

We should see a nice steady rise is SP now that Brent is stabilising a bit and building some momentum. That £22/sh cash stash looks safe enough...;o)) June will see if OPEC+ cuts have made a difference. Could there be further cuts? OPEC+ would like to see BRENT at $45 min. Could also see dividend cash being re-invested this week. Reasons to be cheerful.

RB how are you? has the lockdown affected you to any degree? I know some businesses are still operating 100% albeit from home. Many building sites are still ploughing on.

If we relist at £2/sh ++ some day I will deffo be at the AGM to buy a round of drinks!

Hey RB.

All good here. Lockdowns easing globally so oil consumption should rise gradually. I am hoping OPEC+ cuts will be increased so a strong bounce in oil price should happen at some point. Take a 6-12 month view IMO and some profits should be made. Avoid companies with huge debts is my philosophy.

Where does this leave HALO? Dutch TTF at 6.7 for July 2020...OMFG. Re-list in 2020? Maybe look to 2030 for that to happen...lol. May/June annual report release shall be a depressing read no doubt !

cash = £22/sh (ish). fking won't believe it when we are above £20 again !!

lock downs are easing around the globe so oil consumption will rise and then the oil cuts by OPEC+ will take effect. Strong and long !!...;o))

mmmm....something does look to be brewing here. Cavendish topping up too. A week ago RRE would be 15% down today. We have support from somewhere....;o))

.....and further reductions in oil production should see a nice re-rate for us. May take a few months to work through but light is at the end of this gloomy tunnel. HURRAH !!