Member Info for NigelHaemoglobin

Perfectly rational dvh.

I would expect political risk insurance premiums to be extremely high. If anyone is either wealthy or well connected enough (not me) a quote or opinion could be given for, if you will, a pseudo project analogous to this one or indeed TK itself.

Always gather profit on risky investments and let the final holding run. Once, I had around 10 mil shares in Kefi (at 0.5-0.6), now after dozens of trades I have 6 mil free shares.

Yes, I learnt the hard way but also studied other 'flamboyant' outfits and in particular the head shed. Placings...larger price movements than most RNS'd events...

Absolutely right but look at their moronic sub-numerate stance. Not a real engineer amongst them. They are not aligned with the national leadership.

The council, where Reform UK holds 11 of the 15 seats, objected to the planning application by Europa Oil & Gas to use proppant squeeze to explore for gas.

An opposition motion, approved at a meeting yesterday (Wednesday 16 July), referred to concerns about an increase in heavy goods vehicles through Scarborough, a risk to groundwater and aquifers supplying the town, as well as noise pollution and degradation of landscape.

The council expressed its “full and unwavering support for local residents in their opposition to the proposed fracking-style hydrocarbon development”.

Is there such a thing as a 'no brainer?' I don't think so. Anyone investing in low cash flow/low cash reserve companies ought to work hard at creating a free or as near free as possible position.

Personally? I wish EOG to verify more reserves up there in Lincs, sell the whole sheboodle and fund our share in EG.

If Cloughton is on marvellous. What the hell is wrong with Reform up there? Must be frit of losing votes!

Very decent of you to amplify your viewpoint and most welcome. Most punters on these weaners are over sensitive melts...

You wrote this 'Drilling has started, multiple wells are planned, and PG is effectively investing through dilution, just like the rest of us. That’s alignment, not abandonment'.

What is 'investing through dilution'?? I nearly dropped my tea mug haha!

Looks cheap now right? This is how sentiment reverses. We have had plenty of salient facts over several months now but what we really needed was emotion.

The emotional (and the glacial) are now arriving.

I was emcauslan but Harry's part of the world is well known for producing authoritarian and slightly 'plumped' up attitudes.

Remember the cuckdown in Victoria? I'm surprised that Danny Andrews didn't escape in a coal truck. At least here in Blighty anyone with a brain could escape the jackboot and get some fresh air. There were a few Karens phoning plod but not as bad as other countries.

Morning Bonkers

Think of it like this. Initial reserves can and must be evaluated by appraisal techniques i.e a site can be worked on then left largely intact. During this process resources can be inferred.

Then, in order to prove the estimated reserves (resources) commercial mining takes place.

It would be possible to spend more time and money proving slightly more reserves but the commercial inflexion point has been reached so now is the time to start gathering in the reserves.

Resources are all about probabilities hence the various and time/money consuming exercises. PFS, DFS, BFS etc etc etc.

Personally I welcome (literate) negative views and only green box in the rare event that clinical raving occurs.

Wasn't there an old bloke (departed) who bought at 16p? I mean there are ways of investing in PRD to make money but even in the drilling success case most will be underwater. Well that is unless they get lucky in Morocco.

I bet there will be quite a few suits talking about KEFI over lunch and dm today.

The Germans, have excellent compound words for many things.

Dunkelflaute

Paname if you were here at 18p and had acted on the bear case opinion would you be...

A/ Wealthier

B/ Poorer

So the technology is useful for delineating plays and after further more traditional geological/geophysical work up can somewhat augment the understanding of a prospect.

So a bloke in a bungalow in Kent discovered the Shaikan field?

Honestly I would focus on PG and why he told the entire market that the company was 'fully funded'. I think it was rather heartless: I do not understand company law/ market regs sufficiently to comment further.

Now, all of the risks (and possible successes) converge at an sp of around 3.45 instead of ~5.1 that you had just earlier this week.

As cash is gobbled up and in the absence of success which direction will the sp go? From 5.1 to say 3p would have been fair enough.

Where has reasonableness gone to? In our country?

Yes childish isn't it? let's test this one...handjob

Good call earlier re rns cheers!

Absolutely Serif, resource independence should be a priority: equal to military strength and the vigorous defence of our island.

Thanks Rob

Have a free week so good op to do more detailed study.

In May, eight years. During which time the SP has increased by around 2.5% p.a (not compounded).

Better than some to be fair. Yes char etc etc hoho.

A good if typically circumlocutory rns but will there really be enough cash on account for this?

'we consider that the inherent value of our 13% GMCO shareholding warrants that we invest further, using capital that has already been raised, and establish a portfolio of producing assets within a few years'.

A bit 'low rent' but what more is there to say? Apart from, this is just one project amongst what may be many leading to the creation of a FTSE100 company.

Delighted.