Member Info for NigelHaemoglobin

At least PG has had the good grace to elucidate some of the risks: the rest is of course for we investors to understand. The showstopping risk of compartmentalisation has been published along with indications of the potentially years long process to achieve full production.

Poor chap who posted earlier that he's happy to wait for 146p! Still, fairly standard for most E and P investors....I'm still debating whether to sell down further.

What are you ranting about salesman? Confessions are for RC types.

You constantly drop in this or that return or series of returns at a time in PRD's history (which may end like the other two pecking around in the sand companies that PG controlled) with insufficient evidence.

You allude to Leviathon for example, hyperspectral imaging as well which at best is only a geophysical tool to locate potential plays.

We need wells dear boy, 3D full fold seismic as well. Please go back to sleep old chap.

What's the reason for it?

Seft

Do you not understand the law of limited liability? Our status in de facto shouldering the immense risk of a drilling outfit? If bonds are raised where will we be in the hierarchy of creditors (in the sewer). Millions of shares? Barking!!

Based on my mini holding, err optimised as it has been, this is the return that GRH reckons I could receive as a return ie special dividend.

Based on one well which was far from being a classic discovery as defined by the SPE manual, some old 2D (reprocessed), a CPR, some assumptions relating to Anchois (a long way to the West) and analysing his tea leaves.

Is it any wonder that I and one or two other independent thinkers retain a rational degree of scepticism?

Your call, follow a classic example of a salesmen at your peril! Absolute CLASSIC sales twaddle.

E and P? Shoot some 3D, evaluate the full fold and calibrate with accuracy those results revealed by well ops. There is little chance that we can image a system of complex faulting without such seismology (which we cannot afford).

Try and think for yourself and not like an insect about to be squashed...

Well pumped haha!

And about to go into auction...

I wouldn't worry Si, plenty of news flow over the next two months: filling the gap nicely to the successful JR and enhanced energy security.

I think they will win the flagship contract and after a year or so of fabricating parts the building dock will be segmented off with the already fabricated steel dams.

As for BAe they couldn't deliver a pizza on time...

Is this more paranoia? Sounds like it...

Not Ad Hominem but your pathetic cancellation of me (how modern!) is evidence of your confirmation bias. Grh is, and I mean this, one hell of a salesman!!

A £15 return (not sp but dividend) yielding what must be a forward looking 11 digit mcap.

All on the basis of some old, reprocessed 2D seismic and one equivocal expo well, still awaiting actual testing.

At least that is how I read GRH's fantastical scribbling!

In, and standing by for a div cover ratio rns within 12 months...

Because I only short indices jizzturd.

Well, I did my level best to sound a note of extreme caution when the BoA bolted. Medium term recovery play of course but typical of PI's to wade in too early.

Development of patience is a good sign that you are on the journey to be a decent investor...

How can a C.O.O 'resign' immediately yet ensure a smooth transition? Or have I got the other kind of transition confused?

5p off 12 month low, on long term watch list: patience is everything with this form of gambling...

Well, I did my best to flag up risk levels here. Nowhere near a sensible entry point imo: next Feb/March maybe...

Classic dead cat bull trap bounce suck-in.

16 surely?

So vivid was the dream it was almost a delusion...

Well, I did my best trying to help people not too get locked in, fuel hedging works both ways...Bank of America flogged a load at you guys in the high 4's...