Member Info for NigelHaemoglobin

With no prejudice aforethought I had transposed the law and geography directly from the Rosemount field. A stay is imposed, following FID due no scope 3 EA's. A Supreme Court ruling.

The Judiciary Committee of the Privy Council accept many precedents from the Supreme Court but in this case?

Stebo

Looks like I was correct re Game Theory post on Nov 11, Harry's plums (and ours) have been squeezed, we look to be retaining 75%.

No one can be right all the time but it was quite amusing to have someone who had done a module at Scumbag Poly in the '80's heap scorn at my post.

I remain firmly in but delighted to have multi-bagged and crystallised. Made a lot of errors but using PRD as a case study really helped me recover my p/f.

Observe the characters as well as the company!

Well just frame your arguments logically, more people will follow you and not for example Bonkers.

I have no opinion re individuals, just skip read and discard if not relevant.

Probably the same people who rave on about freedom of speech but can't take it if aimed at them.

And LSE are getting it from AI haha, only kidding.

I bet Harry's plums are really getting squeezed now! OUCH!!

Informally bandied about in the event of discovery EG. 'twas at pub meet. Not on this year due workload of BOD and management...

We shall see if/what the deal produces.

Strange remark

I was visualising myself at the meetings but playing different roles.

Have a good day anyway.

Caterham I think that is a sound strategy.

If a successful outcome (80% plus) was materialising it would most probably have leaked. The evidence would be in the price.

I think they have Harry by the plums, it's a great project but pretty much all of the cash has to be borrowed or raised from investors. This is not BHP Billiton with colossal revolving facilities.

I say, be realistic and be careful re weighting/capital conservation but each to their own.

Good news almost invariably leaks...

I posted a lot of positives as well but something happened to website.

In brief, still very much IN and at the very lowest end of GP/TKGM predictions will be at or around seven figures at five years inc saved dividends.

Afternoon Stebo

'nigel, do you genuinely think that there is a chance that this project will not happen?'

Good Q, a remote risk yes

Being from the clan of 'no news is bad news' taken some profits (197%). Will allow the remaining holdings which are material, to run...

Right or wrong some degree of safety has to be a consideration.

Not yet FUlombard

'Eire' resolves the identity issue, you may be aware that many in Northern Ireland (that's the section to the North although part of Donegal is more Northerly) quite reasonably identify as Irish.

When working in NI we took great care to be diplomatic in our use of language: the 'Troubles' were err troubling.

One wished to visit, do our work and return to the mainland with both kneecaps still attached...

Zoomer are you? Ever read anything?

One small step for man, three giant leaps for EOG.

A hypothesis.

Wressle is sold

Company then remains solvent for 'x' time.

EG-08 is a good deal and FCF healthy

Burniston is developed, FCF OK due Socialist fruitloops.

NW Eire F.E.L is drilled, possibly successful.

Had a rethink, gas prices are a concern but will remain commercially viable for large fields depending on juristictions.

I would say that this welcome eventuality is almost certain now...

Agree ericnat, nothing really new regarding final financing, we spotted that GM's are probably not required last week in the Q&A's.

The state formal and public declarations are the most important factor as you posted.

Posted hold for today, project start is the vital factor now: cannot call the sp for the next few weeks.

Good research Nick

Interesting isn't it? Super majors in virtually all sectors often appear to the rank amateur (me) to overpay for assets. What we don't see though is inside their economics departments/consultants, their access and ability to fund huge political risk insurance products etc etc. In fact many organisations are so large and diversified that they can self-insure.

In the KEFI case a super major can start with reserves and licensing progress concurrent to funding with ease, the huge portfolio of projects that KEFI has.

They would probably aim to increase ratios in SA etc.

Which direction sorry

Will the very completion of finance reduce risk, immediately attract new investors and cause the sp to rise like a teflon coated suppository?

Or will a 70% or lower outcome put the sp into A&E?

I think case 1 is more probable.

I'm not sure how my idea re 'cake slicing' within the context of fair division theory equates to your 'appeal to authority' fallacy. I'm certainly happy to study it on the train over a coffee. Can't say that I'm too familiar with it.

Does remind me of the ghastly Dr Milgram electric shock psychological experiments all those years ago. What fascinates me Lion is the relationship between human/primate emotions and behaviours in the area of solving disputes, fighting wars, buying and selling, sharing chores etc etc.

My own maths fizzled out at eighteen but have done various courses where numeracy was imperative if not exactly at Fourier transform level!

If the deal is poor (improbable) it is rather harsh to not have a vote on it.