Member Info for Odins

Buy to sell ratio of 9:1 and the SP hasn't budged.

And only 45% down since September

Despite the coordinated P&D work this morning and last week, the SP still seems to be heading south.

Looks like the peak of mount stupid has been reached and anyone buying in at this price is going to be left holding the bag as they plummet towards the valley of despair.

Afternoon Tony,

In the process of being installed. Once commissioned, I believe it is meant to be online early 2025.

They are cross ramping that all over the place at the moment. Obviously that company about to fail miserably.

I am deriving great pleasure in reporting them and having their posts removed on this BB and over a number of other O&G shares I own.

Difficult to pin down a price, but last I saw it was about $17 a barrel.

Well, be still my beating heart. Just got a text from my broker.

Look at the last two trades. Obviously a mistake, but I nearly told my boss where to shove his job.

There is the third compressor currently being installed. That is quite interesting.

It will also be interesting to see what it does to the flow rates.

Someone clearly knows something is about to go down. Buys outnumbering sells 5:1 at this time.

This is not a normal days trading on RBD.

The herd got bored and wandered off to chase rainbows. They'll be back once the RNS we all want lands.

In the meantime, the smart money is quietly and patiently loading up in the background.

GLA

There is nothing going to happen with WN, at least until we are rid of this current disaster of a government.

If I am reading this right, we have spent £715k on 5.84% of a gas field that has the 'potential' to produce 11-12m Euros in post tax profit per year.

Assuming this eventually gets the environmental permits required to go into production, that would give RBD a share of the post tax profit to the tune of £700,800 per annum.

With an expected life span of 20 years, that actually sounds quite reasonable.

As LNE Ltd. clearly do not have the funding to buy the remaining 80% of LNE S.R.L. At what point can we expect a placing for the terrible twosome to front LNE Ltd the $11m for buying that last 80% of LNE S.R.L.?

You know it's coming and I know it's coming. I just hope that S&S get the permits in place before splashing any more of our cash on what ends up as another non-core asset.

If they manage to pull this off before the end of February 2025 and all of the permits are in place beforehand, I would say job well done.

All of that to one side, Gunvor are willing to pay up front for an amount of Colle Santo LNG to the tune of about 20m Euros.

That's great, accept a mini LNG plant costs about 20m Euros. Therefore we would see no return on our investment for at least 18 months, assuming all goes well.

Is everyone else reading this the same way I am or have I missed something?

In all honesty, the RNS isn't telling us anything that we didn't already know from previous communications.

Hence the lack of SP movement.

Lot of anger there Hydras. Is that aimed at me personally or are you just severely underwater like most of us and having a vitriolic rant?

Just out of interest, have you tried calling UJO HQ and speaking with DB about your concerns, instead of attacking anyone with a slightly more balanced view of the situation on a public BB?

I seem to remember that the Andrews wells are in a particular type of formation where the water cut on initial production is quite high.

I also seem to remember that once the water cut diminishes, the well then starts to flow properly and the true stabilised BPD rate can be established.

It would be nice to know where we are in this process before condemning DB.

Truly a cabinet of all the talents.

If you consider bankrupting the UK a talent.

At what point in the next four years do you think Reeves is going cap in hand to the IMF looking for a bail out?

Someone seems to be loading up.

Couple of odd sells there too. Someone knows something.

Monrnng Uggy,

That sounds about right for our pair with the reverse Midas touch.

Pay top dollar for something that even the big boys don't want.

So what are your thoughts on P232?

Do you think that Shell might want to pay for 30% of their ball back?

Afternoon Uggy,

One would hope that S&S would focus on their (our) current assets and strive to bring them to fruition in the event of CS being sold off to anyone who wants it.

I, like many others actually gave them the benefit of the doubt when KS tried to take the company over. Although I still think I made the right decision in that regard.

That said, they need to start communicating with their shareholders and advise of timescales and possible outcomes with CS. Otherwise the SP will just continue to nosedive.