Member Info for pawnsacrifice

Greens have failed to get two important(for them) bills through today.
One to take away the right of international co's to sue them for losses due to climate led decisions and the second they've failed to get the right to ban fracked gas coming in to the country and must concentrate on energy conservation alone.

https://www.oireachtas.ie/en/debates/debate/seanad/2021-07-09/8/

Clueless nigel, absolutely clueless you are.

Not true at all Nigel, not here for sure. PG told us all in an interview after an RNS on Trin that his RNS's are for the industry and that investors would basically have to just suck it up.
Surprised you don't know this actually and quite sceptical of your motives...

Yes its sad that the truth can be censored so easily. Read it now whatever these people do and certainly won't be voting for them.
Funny enough normally I just trade but these I'll hold for the vote just because of the censorship.

Go on their twitter acct and tell them that imo.
Don't think myself its sensible to expect an interview until the logs are in as he'd just be speculating and that would just add more uncertainty not less but believe he should address holders after if he wants his co. to regain holders confidence.

Thanks joey am on sp angel now and have found the report covering the 3 co's. Will get it read this evening. Not sure it counts as a broker note though?

I can't joey you haven't told me the name of the broker? Sorry if its obvious and I'm just being thick.

All I can find on research tree is a 5pg report covering Jadestone. Igas and Predator that wants you to upgrade to the £25 subscription package before you can read it? Dated 6th July, Is this the one and if so how do I read it for free.
Guess it can't be the one you mean actually as a broker note wouldn't cover 3 different co.s?

https://*********************/research/sp-angel/sp-angel-oil-gas-daily-flow-06-07-21/7_2021070605273511790

With this level of funds perhaps a few share buybacks too once ops are financed.
Be a good way to reward holders for their patience imo.

Take it this means they're going to have funds for Tilapia down the line. Beginning to look like his purchases at market bottom are paying off.

So does everyone start buying their positions back today in case the next update is more obviously positive and potentially easier to understand?

Regulators very positive on the need for gas and associated infrastructure. Stating they have a legal obligation to ensure supply. Reads quite positive for PRD and their non fracked supply down the line.

New gas plants ‘essential’ to secure power supply – regulator
https://www.independent.ie/irish-news/new-gas-plants-essentialto-secure-power-supply-regulator-40621625.html

Personally think the green politicians are largely just virtue signalling and will follow legal advice but just an opinion.

Agreed hopefully he'll expand once log results are announced.
From petrowiki...
Hole enlargement
Hole enlargements are commonly called washouts because the hole becomes undesirably larger than intended. Hole enlargements are generally caused by:

Hydraulic erosion
Mechanical abrasion caused by drillstring
Inherently sloughing shale
The problems associated with hole enlargement are:

Increase in cementing difficulty
Increase in potential hole deviation
Increase in hydraulic requirements for effective hole cleaning
Increase in potential problems during logging operations
https://petrowiki.spe.org/Borehole_instability

They quite likely can't say too much more until they've fully analysed the logs. They did state they'd had issues so these would presumably have to be taken into acct when deciding what they have and what they'll do next.

"Wireline logs will require detailed interpretation to take into account borehole conditions caused by borehole enlargement where washouts have occurred in the open-hole section."

Not saying its going to be good news or bad just that they may not be in a position to make final plans just yet?

re rallying shares its not that many to worry about. From GP Jerseys twitter acct..

"To be fair the chairman didn't receive 43.7% votes against him.
Only 38.38% of the shares were used in this vote the rest of the holders weren't bothered and the "concert party" unsurprisingly received 43.7% of those!
The true no. who voted against the chairman was just 16.78%"

I only managed 80k, got a very good price early doors for my previous trade which was lucky though so all in all not too unhappy.

apologies for doublepost.

Its too early to mention the rigless testing blissful as they haven't completed analysis of the wireline logs as per your previous rns..

Drilling at MOU-1 is expected to take up to 20 days. Subject to the results of wireline logging the well will be completed for rigless testing.

Its too early to mention the rigless testing blissful as they haven't completed analysis of the wireline logs as per your previous rns..

Drilling at MOU-1 is expected to take up to 20 days. Subject to the results of wireline logging the well will be completed for rigless testing.

I took a few back under 10. Danger at these levels is of a rise after the AGM rather than a fall imho as they still have the rest of the business which has value as well as a better explanation of the results this morning.