Member Info for NICODEMUS63

Morning Wacky and all

Just re read an earlier post by yourself, you'd also picked upnon.the significance of the Barryroe consortium. I'm now thinking Schlumberger could be the big beast that Paul alluded to. You don't get much bigger in o & g so it would certainly explain why he seemed so confidently sure of himself.

That would be good news indeed, looking forward to seeing what happens with PVR/LOGP on Monday. They both had steep rises yesterday and we had 7% on no news towards the close of play...

https://www.malcysblog.com/2020/11/oil-price-bpc-wentworth-resources-and-finally/

Malcy's blog, BPC's expenses rather higher than expected due to covid. I'm starting to think that they are capable of very little, Tesla mentioned expecting a CPR report on assets in T & T from them that was due mid November. It's starting to look like asking David Brent in The Office to do anything other than crack poor jokes.

Oil's considered a dirty business, if we pick up a few barrels when producing gas all well and good, helps keep the lights on. Gas is the only fossil fuel that will be around in 30 years time, the transition fuel that the world can't really do without as it means itself off coal and oil.

Mark my words, fracked oil will soon be as unpopular as coal, then conventional oil will be the next fuel on the world's eco hit list. By the time they get around to gas, most of us will be already rich or dead.

£150k sold £300k bought. Pressure building, can't keep dropping

I'm being naughty again but I've noticed MEM and others sneak in a cheeky cross ramp lately, but I feel justified with this one as I'm an eco greenie at heart and EVs and wind turbines are the heart of the eco revolution.

RBW are going places, have an abundance of 2 of 3 rare earth elements needed in wind turbines and EVs production. Chinese about to turn screw on the West big time with export legislation as punishment for Huawei so ree prices about to rocket. Up 50% today, could be a good opportunity to load up, especially if it dips tomorrow as is likely after such a rise.

It speaks volumes about our current set up. To think that such a huge and respected beast as Schlumberger trusts us to take care of their business in Georgia. Whò would have believed that a year back, or that such serious players as Fitz, Ferguson or the Laing family would be piling in with their own readies. I once paid 17p for these shares and like to think at some point, we could be there again.

https://www.offshorewind.biz/2020/11/26/dogger-bank-owners-close-largest-ever-offshore-wind-project-financing/

£6bn wind farm project in the North Sea, all cleared and ready to go... This is just the start, our Neodymium and Praseodymium are going to be in very high demand indeed, and that's before the Chinese turn the screw and rre prices rocket..

First week to December may mean the Chinese turning the export screw a lot tighter. 7.9p just paid by the way. Happy Days ahoy.

GLR , If Nd is 80% of our basket, that is very good news indeed because of wind turbines and EVs. Also great news oir access to NdPr oxide in South Africa. Praseodimium is one of the two other rees used in producing permanent magnets for EVs and wind turbines which as soon to be in very high demand indeed.

We really are in the right share at the right time here I reckon. What with Biden's green agenda and Carrie pushing Boris to be eco friendly, it's all looking good.

https://www.globaltimes.cn/content/1208106.shtml
Another interesting read re Chinese actions pushing up RRE prices. 1 December, new law re export coming into play in retaliation for US shafting Huawei.

https://www.asiatimesfinancial.com/rare-earth-stock-soars-as-us-china-standoff-continues

Interesting article re US cosying up to Mongolia. This is all unfolding into a great diplomatic game with ree taking centre stage of the world stage.

Let's hope if it turns nasty, it's all sanctions, tariffs and trade wars. For all Trumps faults, he didn't go into places with F111s.

I've been rather thinking the same Whopper. Could it be that if the world really knew the true extent of the supply problems, all hell may break lose? The prices of the most desired REEs would skyrocket and the only real beneficiary would be China. Desperate initiatives in the US, scrambling to start the business of mining and processing rre so bevless beholden to China who have the world barrel as things stand.

Not sure GLR, but I do know that the mine we acquired in South Africa is rich in NdPr, and relatively cheap and easy to extract. As you are no doubt aware , both are essential for production of wind turbines and EVs. With all the ecological initiatives coming thick and fast from.governments around the world, left, right centre, the price of neodymium and praseodymium is only going to heading one way.

Happy days ahead, sunshine, lollipops and rainbows...

I'm easy with things, Paul Griffiths has more invested in PRD than I. The best way of getting things done is under the radar. Beaver away without the world and his wife knowing what you are up to and sticking their snouts in your business. Keep your aces up your sleeves and play the long firm game.

I seriously reckon BPC are going to be whacking on our door before long for help with maximising income from T & T. No one should underestimate the opposition to their drill in the Bahamas, they've not needed to mobilise before as BPC have gone 20 years promising the world but delivering nada.

Now it looks like they may have finally got around to drilling, the natives have finally sat up and taken notice. Don't forget, these aren't just your usual collect of fishermen and snorkelling day trip operators. This is the Bahamas, there are some very well heeled and very well connected natives working with very good lawyers to try to prevent this drill.

Good Evening Chesh.

I have thus far resisted the temptation to indulge in a spot of bantz. However, as you are on our board and thus in my face for no good reason, it would be rude not too...

How's tings zre going with BPC. Has your drillship left Tenerife yet, on it's long journey across the pond? I hear the Stena Icemax will be getting a very warm welcome indeed as it sails into Bahamian waters. A reception committee of lawyers, journalists, local and international eco activists all eagerly wanting to show how much they care for its presence. Greta would like to.be at the party, but she has a fear of flying. Maybe the captain of the Icemax could offer her passage. :);;:()::))

Just sayin, just playin'

Well said Tom, couldn't have put it better. We are gambling capitalists but some squeal like stuck piggies when their investment doesn't pay off. They will blame the world, his wife, ceo, bod, market makers anyone other than take responsibility for their own life choices.

They should stick to ftse100 safe dividend plays or for the ultra nervous, National Savings Premium Bonds.

Morning Sefton

Didn't realise you were in Block. I was a £35,000 paper loss at one point as I got carried away with the hype and over confident CEO popping up everywhere I looked and it all came crashing down with something as simple as a water ingress in a well. I think maybe that's why I have an aversion to slick, cheesy self publicists and PR machines gushing style over substance. Still, never thought I'd see any back. After averaging down things looking good, my Bloe shares feels like free cash cos written it off.

Nice find re the chemical plant. One of Bloe's major shareholder is Jon Fitzgerald, he worked the BPC/Columbus merger which involved FRAM so he will defo be aware of PRD and our CCS EOR technology. Knackered old Soviet wells will be just ripe for EOR..

Good luck, your good luck is mine with PRD, RBW and BLOE.

I very recently confidently asserted that we'd have no worries from eco activists in T & T. I believed this because the locals will want to remain wealthier than their neighbours in the Caribbean. Within minutes of posting, I read that eco activists in the Bahamas are trying to shaft BPC, and their shares took a hit of some 35%.

The Bahamas are the 4th richest nation per GDP in the Western Hemisphere but a world apart from T & T, which is an industrialised nation built on petroleum chemicals rather than banking, so hopefully no opposition to our plans. Plus, we are reworking existing wells not drilling new ones in pristine waters.

The BPC situation interests me not only because it shows o & g really is up against it, which is why it's great we are greener than most. It could be good news for us, because if drilling Perseverance delayed, they will want to max out income from the other string to their bow, the FRAM wells in T &T that they picked up from Columbus. Most of their bb members thought it was a ridiculous diversion, mere beer money and more effort than worth. They may soon be eating their words and may be begging us to help, and quickly. They are short of readies and the board and shareholders were hoping for a big rise pre spud...instead the reverse is happening...

A number of you have repeated the message over the past year or so that it's all about gas. I think the recent change in focus is proof of that. Gass is the goal, any oil is a bonus that helps keeps the show on the road.

Also keep in mind Wall Street's focus on Environmental Sustainability Governance. Oil will soon be considered bad news and I believe will have gone the way of coal within a decade,. It will certainly be unwelcome and taxed to the hilt in Western Europe.

Natural gas on the other hand is widely considered to.be the transition fuel, bridging the divide between coal/oil and renewables so think we are safe producing for next 20-30 years.

Think gas Stockable, we are more about gas than oil. It's widely now accepted as a transition fuel between coal/oil and renewables, the lesser of the three evils. Also they need that for their air conditioning and summer is very hot.

Plus, Argentina is a very large and relatively sparsely populated country. They don't have great public transport, certainly nothing like in Western Europe or the old Eastern Block countries, not even a train.or Metro from Buenos Aires Internatonal airport so petrol driven cars will be around for a while.