Member Info for NigelHaemoglobin

Easily the fastest (on paper) 3.5k that I have made for a couple of years.

Stokey, pls read it here: was not possible to cut and paste.

https://docs.londonstockexchange.com/sites/default/files/documents/AIM_Rules_for_Companies_January_2018.pdf

Auction time....

No they do not, unless substantive facts exist which support the rumour.

Get stuck in if you have money.

H&W have communicated with the press, therefore rule 11 should not be actioned. Please note the word 'should'.

Gamblers ruin, a wealthy investor can afford to take higher risks provided that weightings are adjusted. Some investors can underwrite their holdings with political risk insurance but the starting premium is £60,000 plus!

Will have to be actioned forthwith or....not actioned. If the rumours are true then commiserations for all fellow patriots. My wallet is, for the moment rather scorched haha.

Trifle if you cannot balance your investment decisions with negatives just open a Santander savings account.

It is fully funded, high risk though. Think it's Keith's potty and bedtime.

Where is the Sand Jet kit?? Belgium?

Well if they do farm out it's a multi bag but what is the probability?

Couple of k for a punt?

From the gun test fail rns.

'Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated'.

Unless we know where the kit and team is we have no clue when ops will start.

I'm genuinely interested in PRD, just want them to get past the clown show and placing period.

What a pain though, would have to set a 0530 alarm or rail down the evening before.

No need to apologise GRH. As a very experienced investor who delights in posting photos of the meet with the most charming, honest and noble King of the Sauds what are the downside risks of investing in PRD.

I have never seen a single one.

What has caused the lack of ambition? A slow burn ground up CNG business rather than planning for huge flow rates and connection to the MEP? There is ullage obviously but a reverse flow of the MEP under the Med due to the Enagaz contract. Still 10 years to run on that deal, no idea what early contractual exit fees are.

Tovoc fair point until the crypto-Marxist government in waiting eat the golden goose. They will squeeze onshore and offshore O and G until it is only just investable by a very few companies.

That's one way of looking at it legache but if my buy price of 23.5p increases by a factor of three and they pay 4% then I am making a de facto 12% and retaining a margin of capital safety.

Mmm 'politically stable'.

Equatorial Guinea: politically stable in the manner of North Korea.

Ireland: effectively run by dope smoking greens so deluded by net zero that they avoid the issue: gobbling up Methane from the interconnector and at grave risk of being suckered into an LNG terminal with a decades long supply contract.

The UK: on the cusp of a woke crypto communist government who with TAX THE PANTS off the O&G industry to pay for welfare and detached homes for the various tribes that pitch up here.

That said, the first two geographies do have potential.

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.