The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Tmh now you are beginning to rave, paranoid even. At no point have I ever claimed O and G industry experience, just another investor albeit a very cautious and sceptical one.
There are very few directors in this 'colourful' business that I would lend a single bus fare to.
Which is bit dim looking at the scale of Brazil's oil reserves haha.
Good research PoC, I did not know that there are operations in that area.
Mr Cups, yes you are totally correct, thanks. What is the destination of the Valaris Renaissance? Initially it appeared to be heading South but may just be on a sea trial.
Either way I wish the Argentinians success with their various licences. Majors paid a fortune in the licensing round!
Go and live in Scotland Lardlepool Bob. There you can have great fun denouncing people under their swinish new blasphemy law. Stasi material.
Certainly, have som Skunk
Salient Knowledge Usurps No 'Kinidea.
Drillship on location at Argerich-1 within 20 days, let's hope they find something. As for funding BOR is unlikely to let the cash balance drift below £1 mil. Sorry Gus, Howard's holding alone will defeat a few PI's.
PG really ought to fundraise from the forthcoming probable (according to PRD) SJ testing success. That confers flexibility and money to progress Ireland and T&T.
Why don't PRD focus on raising the Corrib South LO to an FEL and stop raving about an FSRU in order to focus on developing indigenous gas from Ram Head?
Honestly, I would call in a consultancy to provide guidance. He must develop honesty about his senior citizen status (which I respect).
They had a special relationship in T&T, summarily booted out for a time!
Good posts Munnie, yes I'm more than aware of PRD's placings 'strategy', free to view here but called 4 out of 5 of them within two weeks inc a couple in the same week and one on the day.
Back of the net!
Made a schoolboy error on placing #5 as they were actually drilling at the time....doh.
Not interested in wildcat #5, it is for extreme gamblers but is it really 12% GCOS? Extraordinarily low, almost a basin opening gcos and to be fair Predator have most definitely backed up and improved upon the decades old predecessor well. GRF1 was it??
Quite soon the company will need money, all you will achieve is to bring the placing forwards, thus diluting you.
A better idea would be to respectfully ask for an open offer and be prepared to fund your offer shares.
Jimmy, until I became bored of speculating about placings if you had traded around such opinion your position would probably be in profit.
In other words you would have a margin of safety protecting your capital. Not a criticism, you are one of the very few who play with a straight bat!
Good news but it would be advisable to launch a placing after the first or second hopefully successful SJ flow test. The proceeds could help fund CNG FEED and underwrite probable MOU-5 failure (unless an independent GCOS demonstrates otherwise).
No more jokes about cricket, some specious little ballerina had my post removed haha!
But does Keith play with a straight bat? Having watched most of the Ashes matches from the mid seventies until the early nineties I'm not so sure.
Well Munnie, thought I was the placing sniffer pursuivant. They could place early to hedge against CT testing failure and MOU-5 PAA but so far PRD has been a bit behind the drag curve and placed at fairly obvious points, diluting the faithful.
Not the only deepwater DP kit around...another on standby 22 days sailing time away at 6 knots.
£4-£5!?
What an astonishingly uneducated remark!
Derivate? derivative jeeez haha!
Go rig spotting, may be something, may be nothing....
Phil all I am saying is by all means follow big money but don't slavishly follow money or indeed follow those who bang on about major shareholders.
The majors, institutions etc are way smarter and more experienced than me! Can't speak for anyone else. As for hedging there are plenty of derivate products in the secondary market, not naked shorts.
Atb NH
Don't often publish positions old fruit. If you make the assumption that 'x' person is not a shareholder then you may make another assumption that the HNWI's are not hedged and will not be conserved from placing dilution.
Want a positive? There's a rig, not far away...