Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Is it ethical? Research the slave trade in that area/culture. I was absolutely not just Europeans in the filthy business.
Considering taking up a modest holding. Here is a case study of the Jackdaw field. Half recoverable condensate and multiples of taxation. GCR erroneous I think as they use bbls per mscf. I think they mean mmscf but that is to be established.
https://www.searchanddiscovery.com/documents/2015/41699ryan/ndx_ryan.pdf
Still interested in PRD due acreage proximate to Corrib. Gradually the bovine herd is being dispensed with after promises of outlandish share prices. Now mostly disbelieved.
Covered before no doubt but the new maritime regulatory guidelines to cease the use of heavy fuel oil (HFO). HFO is inefficient in energy transfer terms therefore more direct GHG's but importantly produces NOx gases (not Nitrous Oxide) which in themselves react with volatile organic compounds to form Tropospheric Ozone, a GHG!
Sulphur Dioxide is also produced, the complex chemistry of this compound and whether it is a primary or secondary GHG completely evades me however, it is most definitely a pollutant.
This is why I think the new entry major investors are here, regulation forces change, often for the better. With mods to shipping propulsion systems lightly refined condensate (in fact Darwin condensate is a very light oil) is the perfect fuel.
Fair enough but why not be more lateral? Think of one military contractor that has successfully milked HMG for money, sometimes multiples of the original contract value.
They shall, cough, remain nameless. At the moment HARL have a two or three potentially harmful red flags namely funding, radical expansion/training and of course the ghastly loan.
I am not a sales type imbecile relentlessly pushing the positive using a range of trained techniques, there are distinct negatives if considering an investment in HARL.
Just my opinion, solid order book inc FSS with much more to come over the next six months, bags of real estate and equipment, yard upgrades. TR-1's probably in the post. 9/10 probability of IM success.
Even with the debt I can see 1.30 to 1.50 a share.
The real opportunity is to instruct people about engineering! Pity none of the primary steel is made in Great Britain 🇬🇧🇬🇧
You were a milk monitor at Primary and achieved the rank of prefect (Stasi) at Secondary.
Of that there is no doubt right?
Well psy, I have offered placings speculation with 80% accuracy. You can tell they were accurate by the level of puny infantile hate.
Don't recollect GRH posting on fundraises, a lot of seemingly boundless optimism about huge valuations.
My St James Place pension advisor was of that ilk, until I fired the company and hence, the advisor.
The olives are indeed excellent.
Bit tight and loathe the underground, don't think one of Khan's new pink suffragette football playing elephants with AIDS lines run to the meet.
He needs grilling like a small piece of Halloumi about the downstream exclusivity agreement, huge testing delays (which they paid themselves well for) and rig availability. Best to leave Ireland and Trinidad to the better informed, not the priority right now.
What on earth is a Jurassic Titanosaurus haha!?! Also, who is going to ask why CNG civils are two and a half years late, that is before further slippage.
Hilarious.
FBob, how will buying expensive red meat and gambling on O and G shares help Médicins Sans Frontiéres or Care for Calais?
The contradiction of being far left never ceases to interest me.
Still, back to PRD. Let's hope the well testing experiment finally succeeds and also the high risk Mou 5 step out exploration well. After that we should be ok for a few months before a placing.
MeM and I agree though that IF testing is successful then a value accretive placing could be launched at multiples of today's price. All placings so far have been dilutive.
He1 is interesting, hardly anyone punting over there understands that the latest well is, for the moment, not commercial. This is the critical factor!
All very interesting Harry but we need to see the results of the Sand Jet experiment first. Until then it is pure gambling.
Of Liquid He per day at a flow rate of 0.5 mmscf/pd.
Someone for the love of god check my figures, I'm not b****y infallible! Merely trying to explain the drop which I believe to be rational.
Well, after nearly two decades of investing there never has been an odder proposition. It is one for the patient and stone mad (joke, for the woke).
Clearly Methane is the primary transition fuel, particularly in the context of Ireland where fuel oil, coal (Moneypoint, households), peat and LPG use is commonplace. The import of oil which could have easily been provided for by the Celtic Sea has been ignored. The Greens and Sinn Fein prefer Middle Eastern hydrocarbons evidently.
So, do the numbers for yourselves. What is the probability of ECT success? What could be the award after costs? What therefore is a rational sp at the close before suspension?
Make of the above what you will.
Given that Dr Boldy has indicated that the litigation could equate to sp multiples a heavy placing may seem somewhat dubious.
Bit of an AIM nerd rulebook jobby!
Correction, 32 Jerry cans hoho. Fair few of those still lying around in the Eastern MENA area.
In other words 820 litres, not 'two Jerry cans' as I posted elsewhere.
Check my arithmetic but that is my calc for the volume of liquid Helium per day after liquefaction from the last well.
Now do you all understand why the SP is and will continue to be smashed?
At least he has refrained from posting outlandish share predictions. In addition when does he post negatives? Natural resource prospecting is heavily skewed by a plethora of risks.
Look at He1, the recent operational RNS is totally clear, the well would potentially produce 2 Jerry cans of liquid Helium per day!!
You still havent got it, 4-5% He in 0.5 scf/day liquifies down to a volume which you can carry with your two hands!!
What they have discovered is improved potential for commercial discoveries.
My advice to you if investing in early stage natural resource prospecting is to try and learn how to switch your mind between buy, sell, hold or long term accumulation. Otherwise you have
Pub, if you don't understand why the SP was hammered today look again at the numbers. The minimum flow volumes of He could of course be, well, the minimum but the actual value of Helium at those rates is a fraction of Capex plus Opex * time.
A cursory glance at the numbers ought to be sufficient. That is not to say that future results will not be very good. Interesting experiment and marginally profitable.
Cheerio.