Member Info for NigelHaemoglobin

Multi-well but then again in the success case (probable) we need to review the results then appraise.

Read this. https://www.lse.co.uk/rns/BLVN/gbp105-million-for-bowleven-contract-win-o9e1xtr3m3jlh46.html

Buried in BLVN prelims re IM-5 (a short boat ride away, Etinde marine permit).

'Capital expenditure cashflows in the year were $109.4 million (2012: $97.3 million). This expenditure relates to exploration and appraisal activities, primarily drilling operations on the Etinde Permit and survey activity for block 11B, Kenya'.

At the time we called it 'Kevin's 100 million dollar well'. Much deeper and an appraisal for sure but anyone that remembers the execrable XEL is familiar with cost overrun.

Just being cautious!

Can't see that on L stock exchange? not an analytical trader though. News, cash, operations and emotion (of others) is enough.

Deeper than EG well but high pressure can occur in relatively shallow wells, HT more predictable due geothermal gradient but anomalies are common. Here was the news.

'Drilled from September 18, 2012 to March 5, 2013, in a water depth of 56 meters, and attained a total depth of 3,430 meters, the IM-5 appraisal/development well was a success with a discovery of two reservoirs intervals of condensate and gas bearing sands of a total of 95 meters of net pay'.

Then there was another six weeks of testing. Quite close to our acreage.

Withdrew from BLVN as soon as the ludicrous emoluments of the MD and ownership of race horses became known.

So did I Alanos, still a 'trouser-quake' in risk terms though.

Flombo back the truck up, what do you mean 'invest'.

Fair point Edgein and very well explained. I'm sure the devil is in the detail though with regard to lost days and the multiplicity of causes.

Refreshing indeed in comparison to the tribe of 'boiled frog/Stockholm Syndrome' punters. We still need to find 'x' amount of cash. I have my own figure in mind and I'm sure you do also.

Well haha! The very very best of luck with your slot machine investment approach.

Do we (yes I am in here) have enough cash for planned and imminent operations??

If that is what you want to believe, the 'gnomes' of orchestration, then good luck!

It's obvious isn't it? EOG need to find money for a share in an offshore expo well with significant contingency for cost overrun (50:50). I hope they go for a HPHT head as the area has a reputation...think Sapele to the South but I am uncertain about this. Even for a jack-up I don't see much contingency in $53m but it's most definitely not my, as it were, field.

Well, talked up on multiple sometimes global channels and now, as Ag, in a volatile band. Still, very hard to call. Replenished the kefi share tank.

Best to try and ignore GP but it is useful if you also have a trading pile.

Owning a county slightly larger than Rutland helps. Here is where games can be played...'Any cost over-runs above the $53 million cap will be shared equally between Fuhai and Antler'.

I, have seen it all before.

Retirement planning? Are you joking? Types like the Count do not think in terms of affordable expectation. It is all about dynastic generational wealth!

Only krill like myself and most others here try and plan for a few years mouldering away before the Co-op pitch up haha.

Can someone ask him (politely) to stop copying me please hoho...

Something better change hoho

https://youtu.be/QTIhiyurWEc

How much money do we need for EG? ps, I know the answer...

Just interested, the sp chart is a clown show over 5 years...

Cannot understand the relevance of this morning's FEL rns: ambiguous. Were I to be leading the show? Total focus on funding our share of EG expo which is by any definition imminent. Action? Trimmed holdings due fundraising (of unknown type) risk.

If Will and Co ask us to shoulder the costs ourselves I am IN provided we cover most of it.

All down to the BOD...

Still very much here in case we are presented with OO or other shareholder participation...

Some caution needs to be taken re gold price. A number of factors are driving it up, mostly psychological ie Trump's madman leadership, FOMO, sneaky social media tactics.

I would focus on the company itself and it's operations, leadership, political risk etc.

It was an excellent post Stebo. I do think that you should consider the use of the word 'probably' more often though.

Simms

Such a well written post that I made a screen shot of it. I did something similar with RR, bought in 2020 for the slam-dunk rights issue due catastrophic EFH (Engine Flight Hour) drop. Took up a stash at 32p then, purely down to luck, Pfizer announced a successful vax test during the record to RI date.

The TERP went ballistic!

Took 400% like a village idiot purely due to an irrational desire to eventually be a TR-1 holder in smaller companies. When you own more than say, 0.3-0.5% of a company the directors come and talk to you, not the other round. If you're a major then you're inside and have to keep your trap shut!

Didn't really want to be involved in the defence biz to be honest. RR will power the B-52's. The Yankies will iron bomb the crap out of poor people for another 30+ years.