Member Info for NGR1616

not a millionaire. Just not lost money here.

nope didn't lose any money. Got out in time. I do care though. Lots of others didn't sell when I did, mainly because they listened to dangerous people who have no idea about the physics involved. I sold based on increasing water cut in 7z. Most challenged it and look where that ended. The same could be true with water in 6 but unlike 7 the declining bottom hole pressure WILL result in reaching the bubble point, That is fact unless something is done to change it.

Yes some people have made money from 0.7p........the bottom, but others have lost from much higher prices and I'm only pointing out company guidance and data presented by the company.

Comparing common sense vaccine policy to Germany in the 30's is moronic. Brexit and the Conservative government behaviours since on the other hand are meritorious of discussions from that era.

Are you suggesting the bottom hole pressure data provided by the company is nonsense?

see my post earlier re bhp trends MG1?

well you should be worried about your job in that case. Insider information is just that.

You work for BW. And you just happened to meet the owners of BW and Heerema yesterday and they told you that the AM contract is looking like it will be extended? Is that correct? Two billionaires you met yesterday? In the pub? AT a drive though? A concert in Vienna? Christmas party at the Toby Carvery? Pull the other one it has bells on it.

Whilst it states Samsung and ST are collaborating the 18nm FDSOI global shutter (1.62um) in the first article it states it's "using lead sulfide quantum dots" - cheaper than InGaAs but critically these are not CFQD's so I suspect this is not necessarily bad news for us especially is RoHS excemption is lifted at some point in time.

Which part of my "The difference is HUR made it to EPS whereas Excite spent the money only on FEED" is different to your
"they had zero production they spent the money on drills and were not able to go into production"

muppet.

Dickbat the company was almost lost 95% to the bond holders and only diverted by the intervention of CRS so it’s not a million miles apart. The difference is HUR made it to EPS whereas Excite spent the money only on FEED.

But yes you are correct, my recommendation is based purely on technical matters, not fiscal tax or bonds.

Fill your boots if you are knowledgeable and confident in that regard DB. Do share your knowledge with the rest by cutting and pasting “wot he said” about bonds and tax losses and ignore Reserviour dynamics if you please.

IJWT - have you been keeping up on events here? You mention water cut which is very slowly increasing, but that's not the elephant in the room. It's the bubble point. In my opinion it is not a good buy. In my opinion that is.

What are you missing?

Has anyone charted the bottom hole gauge pressure trend?

Between May and August (4 months) the BHP dropped 11 psi. An average drop of 2.75 psi per month.

Between August and November (4 months) the BHP dropped 36 psi. An average drop of 9 psi per month.

Octobers' BHP reading was left out of the operational update so Octobers figure is a guess. But either way on a chart, the rate of decline is increasing.

No Note of bubble point in this particular RNS as I assume the guidance they were required to give, has already been provided.

You may pay off the bonds in time. Long term unless something changes the decline will continue.

Part from my opine on the bond payments or not, the rest is fact. If production continues - even at a reduced rate to factor in the increased GOR you may indeed have money to do a workover or drill a new well. $30m would cover it. As for the tax shell, perhaps that's worth something., but that's outside my skill set.

Good luck all.

lead sulphur?

Good moves. Big savings on interest. Anyone's guess what will happen next. The next operational update will be key.

I've said it before, and I'll say it again, this is nailed on. You know you're onto a winner when its about getting someone to buy you out for your tax write offs!

I guess we [you] can hope that the well gauge is under-reading the actual bottom hole pressure. The proof of which will come from liberated gas at the process plant, or not.

my sweeping statements come from information provided by the board of directors. BP could be reached in as little as 18 days, if not sooner.

"Previously the Company announced that it anticipated the well gauge pressure would reach the bubble point by the end of Q1 2022. While uncertainty remains, analysis of the most recent trends indicates that this point is now anticipated between late December 2021 and mid February 2022."

Senseman.....you held onto a straw in court. Well done. It remains to be seen how many are left to clutch. What is particularly desperate is the shameless expectation that hope will out perform physics.

straws

Point being Xcite was taken by the bond holders and may yet be developed. My other point was in relation to someone suggesting todays news merited a rise to 6p, I pointed out it was a swap that will pay dividends longer term because of the removal bonds and debt. So all in a fair and more balanced post than reckless ramping.