This from section 4.6 of the regs:
Permitted Discharge Notifications. Under the provisions of OPPC, permits are granted to regulate the discharge of oil that may occur as a consequence of certain offshore oil and gas exploration and production activities and gas loading and unloading activities. These discharges include, but are not limited to, oil in produced water, oil in drainage water and oil on sand/scale. Each permit granted includes terms and conditions associated with the discharge that must be adhered to by the permit holder. It is recognised that there may be occasions when a discharge of oil as a consequence of an activity regulated by an OPPC permit is made in such quantities or circumstances that it has the potential to affect the environment or other users of the sea, regardless of whether or not there has been a non-compliance with any permit condition. Under these circumstances a PON1 Permitted Discharge Notification must be notified to raise awareness of oil in the sea and to provide a mechanism for relevant authorities to respond if required. A PON1 Permitted Discharge Notification must be submitted if the discharge:
• exceeds 1 tonne of oil to sea in any 12 hour period;
• causes a sheen which appears more significant when compared with a sheen observed during normal operations and weather conditions and extends out with the installation’s 500 metre zone;
• otherwise has the potential to cause significant environmental impact or affect other users of the sea e.g. oil has potential to reach shore or will impact upon wildlife and /or users of the sea (installation operators will be required to assess on a case-by-case basis whether circumstances dictate that a PON1 should be submitted to raise awareness of oil in the sea in accordance with their installation location and oil pollution emergency plan arrangements).
I'm still wondering about that Oil Discharge Permit request. I wonder if that is a consequence of finding oil shows in an upper sand which now "contaminates" drilling fluids (mud) recirculation requiring the permit. Again the definition is: "Oil Discharge Permit will therefore be required for the injection, or re-injection, of discharge streams containing oil".
Pure speculation as I'm no an oily - I would be very interested to hear from anyone with first hand Rig experience.
or...…...including the fully funded contingency we are not yet even half way through the potential drilling window. We have drilled a hole and run confirmative down hole seismics to better evaluate our final drill position to maximise its impact. And we can still look forward to results with the potential to add hundreds of millions of barrels of reserves to our ledger.
Language is a wonderful tool isn't it.
Rules for Successful Bashing:
1. Be anonymous
2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions.
3. Let others help you learn about the stock. Build rapport and a
support base before initiating your Bashing routine.
4. Enter w/ humor and reply to all who reply to you.
5. Use multiple ISP's, handles and aliases.
6. Use two (2) or more aliases to simulate a discussion.
7. Do not start with an all out slam of the stock. Build softly.
8. Identify your foes (Longs) and the boards "guru" Use them to
your advantage. Lead them do not follow their lead.
9. Only Bash until the tide/momentum turns. Let doubt carry it the
rest of the way.
10. Give the appearance of being open minded.
11. Be bold in your statements. People follow strength.
12. Write headlines in caps with catchy statements.
13. Pour it on as your position gains momentum. Not your personality.
14. Don't worry about being labeled a "Basher". Newbies won't
know your history.
15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers.
16. Your goal is to limit the momentum of the run. Not to tank the
company or create a plunge in the stock; be subtle and consistent.
17. Kill the dreams of profits, not the company or the stock.
18. Use questions to create critical thinking. Statements to
19. DO NOT LIE, NAME CALL or USE PROFANITY.
20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings.
21. Discourage people from believing Press Releases.
Encourage them to call the company. They won't out of laziness.
22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts.
23. If the price rises blame it on the hype or the PR, temporary
mass reaction, the market, etc. Anything but the stock itself.
24. If other posters share your concerns, play on that and share theirs too.
25. Always cite low volume, even when it's not.
26. Three or four aliases can dominate a board and wear down the longs.
27. Bait the Longs into personal debates putting their
focus/efforts on you and not the stock or facts. Divert their attention from facts.
28. Promote other stocks that would-be investors can turn to
instead of the one your Bashing.
30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules.
If you suspect multiple ID's then you need to ask Admin to check IP addresses in your comment when you report. The BMN board was plagued by multi avatar individuals at one time and this approach helped Admin clean up somewhat
I love it - the fact that they have to work this hard just makes me smile. AIM is a mire for opportunism from the dregs of the financial sector. If you've researched, you trust your research and you have the resilience to stick to your guns, ultimately you will be rewarded.
@BBN - what importance do you attach to the application for an Oil Discharge Permit on 11th Oct ?
From the OPPC Guidance notes: "It should be noted that, in the context of these Regulations, the relevant area includes those areas beneath the seabed, and an
OPPC Guidance Notes April 2014
"Oil Discharge Permit will therefore be required for the injection, or re-injection, of discharge streams containing oil"
Yes it is Captain - Spud October 4th absolute minimum 15 days drilling. From the RNS:
The Company will provide SA-01 drilling results to the market when the well has reached total depth and acquired data has been evaluated.
so running wire line and getting results We might be lucky to hear something by around the 23rd / 24th in my opinion.
@BBN - your credentials and mode of operation are either well known or easily established. We've both seen this nefarious assault with zero solid basis before on other shares and have both ultimately done very well from sticking to a research based decision process. I wouldn't waste much more time on the obvious underminers if I were you.
Interestingly I received a PM this morning suggesting a prominent (recent) poster on here is actually from the Chris Oil stable. Let's hope their efforts achieved their buy in price this morning and that now we can progress with less unwelcome coercion.
Thanks as always for your well researched and insightful contributions.
"Serenity is a prospect, not a discovery. It’s an exploration well." October 8th 08:31. Not caveated as an opinion - posted as fact.
Whilst looking back for this I had to wade through pages and pages of the same diatribe we suffer here on all the other boards this Troll pollutes. Sadly - he uses exactly the same language, strategies and tactics. Have a look it is quite enlightening. Everywhere he can't make a substantive argument, he swaps to an ad Hominem attack. Really a piece of work and a bit too informed about that well known character Chis Oil to be a comfortable coincidence. Research, read, learn people. This character is simply bad news.
no - you stopped talking when I posted the example of your recent lying that you requested. All went very quiet then. Good job everyone can make their own minds up isn't it. Well - I think I've wasted quite enough time talking to you now so toodle-pip.