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Well we’ve still got OPEC’s meeting on the 26th Nov. to look forward too, indications are they may twist the taps a little clockwise , plus of course our Ops Update . Can’t see Hunt tinkering with the EPL tomorrow, but may just mention the Fiscal Review underway, in the vain hope of holding a degree of competency.

“early January”, yes that’s my thinking….we know AS isn’t concerned about deadlines, that’s just an irritant that keeps BB’s alive. Meanwhile the SP will likely continue drifting aimlessly around !

Irrespective of when this Data Package arrives, it now needs to boost the SP by over 20% to get us back to where we were mid Oct . Delighted that patients may be richly rewarded by the science, but a little token of appreciation to LTH ‘s wouldn’t go amiss. I know highly selfish of me.

Given the Chinese are masters in overseas tax mitigation let’s hope CNOOC are on the case !

Yes I guess Drax would argue they’re just using a ‘renewable ‘ energy source !

Must be some reason why the ECT hasn’t been raised before in relation to the EPL. The UK appears still to be an existing signatory and a quick search shows various references to its over arching reach in the protection of Fossil Fuel extraction. This particular comment , arising from a discussion within the Irish Assembly back in Feb ‘23, and warning of the need for Ireland to withdraw pronto, raised an eyebrow ;

“ The Energy Charter Treaty protects fossil fuel companies by allowing them to sue governments that introduce policies that impact their profits” !!

As is often the case, the devil will no doubt be lurking in the detail somewhere, which presumably others have already discovered.

Yes you rarely get the full picture. I smiled the other day when some climate activist proudly announced that Portugal had recently survived 6 days purely on solar, wind & hydro, promoting this as some form of victory against the net zero naysayers. Yes we do well with sunshine, the wind is intermittent and you can forget hydro. What he failed to mention is that as darkness falls in late autumn / winter many of us turn to our Pellet / Wood / BBQ Burners for warmth and/or cooking, which is cheaper than electricity. We get thro thousands*of tonnes of wood annually and given that a single cubic metre of wood stores about 1 tonne of CO2, it releases more than burning gas, oil or coal for the same amount of heat. That same activist may get a shock when in a few years time his emission readings are still rising !

*just taken delivery of 4cubic m. that should get me thro winter. Log man said he’s reserved about 100 c.m of wood ( Spanish oak ) for our tiny hamlet of about 20 properties this year. Not good but that’s a lot of CO2 !

Will soon be ‘What a Month ‘ of little SP progress. Still the delivery of Data in Q4 was only an aim, so based on past experience I’d reset your expectations to early 2024 . Just hope it’s worth the wait.

Personally not expecting any more news next week, albeit would be nice. Many just taking advantage ( again ) of a Market that overshot to the downside knowing they have the patience to see this reach its potential. Those not used to investing in the O&G business are getting a lesson !

Thankfully I’m a shareholder here, and not one of their customers who seem to keep on paying higher premiums for our benefit for which I’m very grateful !

Now firing on all cylinders I see, these are strong results and will underpin the SP nicely. And Alex, let’s not be too hasty on passing back lower input costs, act like the fuel retailers !

Perhaps the moral here is just Go Short on every popular retail Share that’s constantly featuring popular on LSE boards, as clearly many listen to others without doing own due diligence.

Let’s not get too excited, Gareth Penny’s purchase probably rules much out.

Sell prior to news often pays. Will the Market merely digest and shrug its shoulders to the Data who knows, hence some will be exercising caution.

You can produce all you can, but if the commodity price doesn’t support the effort there’s a problem. Given the likes of UBS / JP Morgan are now predicting long term prices for spodumene concentrate to settle at $US 1300 & $1000 a tonne respectively ( ie 75% down) even the big players with new mines now operating will struggle. The SP is reacting to reality.

This really is a growth engine, happy to sit quietly and await my rewards that will eventually come.

Yes there are a few of us “ short term amateurs” sitting around relaxed, but admittedly it helps with a SP holding up ( just ) over your average .

I guess this is unsurprising given they announced suspension of all new drilling back in June, but all negative news from the ‘coal face’ adds pressure on Hunt. As to whether Enquest should consider mulling over Apache operations, I don’t know enough about them but when you’re limping along, being joined by someone else on a stretcher can add to your difficulties ! ( not saying they are invalid of course ! ).

Didn’t listen, but reported the King said “Legislation will be introduced to strengthen the UK’s energy security and reduce reliance on volatile international markets.” Given current fiscal measures only weaken our position and make that task pretty difficult, I guess one could assume some tweaking of the EPL is possible, not that the Markets currently see it that way.

Guessing the JV exclusivity period was for 6 months, to keep matters at pace. Think we would have heard now if negotiations had stalled. Legals take time but we must be edging closer. Irrespective happy to wait.