RE: Placing23 Feb 2024 13:57
My feeling too is that Mike Buck does look into this BB regularly Cybertron .. out of boredom, in part :-)
And I'd very much like to hear his answer to Lagueule's post of 15.05 yesterday.
An excellent post imho - I play small cap O&G widely, and that post is indeed 'real world' imho.. indeed a good summary re why I'm unable to bring myself to have even a half decent bet in play here .. and why I look in here mostly for the entertainment value.
I paste that post again here/ now for convenience:
''I love the way the likes of WOS seem to think that developing a field to levels of production like 7000-9000bopd is just a walk in the park. get the kit there day one, push the pipe into the reservoir day two, suck it up into the tanker and off to market day three. Even with a fair wind with the LP, I'll be more than impressed if there selling much oil for the rest of this year. Heron is currently literally a capped hole in an untested field in the middle of nowhere. There is a lot to get done and a stack of money to be spent - hopefully most by a putative JVP, but certainly not all - before any decent money can be made. And that's not even allowing for downtime due to problems with flow, pressure, fracking etc. And, apparently, the company will all the while be going after oil in unexplored areas with wildcat drills. With a current balance at a few million quid. Come on WOS, get into the real world. This company has eight to nine months to turn it around and it will need cash. Lots of it.''