Member Info for persimmon

"Me too I can hardly wait for 2026"
Always the supreme optimist Snaffleman !!

J.B You need to do more research. Th already onerous conditions now placed on UK Oil and Gas exploration companies are getting more stringent every year. Tullow Oil has been mentioned., They have been concentrating in Africa now for many years. Companies looking to invest in an asset are looking ahead ten years and more. Unless the political scene changes which is unlikely then any payback will have to be very generous in the extreme. Diversity is the name of the game now, and those with the largest pockets are looking ahead to geo thermal production. A change of attitude may harden even further with a change of government, companies have to take this risk into consideration with due diligence for share holders.
I am no greenie, and those now getting 3 months jail I would like to see given 3 years, but one cannot hide away from what is now being planned from 2030 onwards by large companies does not include O & G.
We will use up the now freely available resources that you outline, but changes towards renewables are inevitable. New expensive fields to develop will be overlooked. Putting money into these future developments is where I'll be heading. No more buying in small oil companies for sure. I've seen enough over many years. My punt into this field ends when I sell my RBD shares, hopefully at a profit, but that's now very doubtful. I bought in at 0.4p
OMO and G L.

Pickering appears to be the epicentre. Away and towards Whitby and then slightly eastwards are the productive area's.
Then towards Malton and York, eastwards again then not as productive. The main gas plant at Knapton is only a few miles east of Pickering.
There was a number of exploratory drills between Malton and York and nearby Kirkham Abbey without success.
Of course there was also and still is a major gas pipeline from the North sea across the North York moors.
The further one gets nearer to West Newton in a nearly direct line from Malton and Kirkham Abbey nthe more problematic it becomes.

Please, please everyone, humour poor old deemule. Remember Simon has a 4-10 'side by side' and we don't want him doing anything silly!

Desmond45, I congratulate you on doing your homework in the North Yorkshire area. I for one believe that the eco warriors actually dug Third Energy out of the proverbially hole with their demonstrations at the Kirby Misperton site near Pickering. They eventually pulled out blaming the opposition for that even though planning permission had been passed by the Conservative led Northallerton H.Q based council.

Poor old dearmule, he is many tens of thousands of pounds down and still he keeps averaging down. Good luck.

Make that 206...not bad.

Heid, now back to your post of the 25th May; just a tip when promoting Union Jack Oil............
You're supposed to read the tea leaves after mashing and drinking the tea, not spooned cold straight out of the packet.

Heid
Posted in: UJO 25 May 2021 09.17
Posts: 15,079
Price: 38.50
"Let's just bypass 40
and move it to 60.
No brainer imo".

Who was the No brainer quote directed at then Heid?

For those who really do believe that West Newton and Victory are transformational then now is probably a good time to buy.
OMO as always and G L

Yes, Sorry krull, the post was really addressed to Feeks.

Mirasol, you are a dreadful pessimist. I mean it's not very long ago that our chief prophet stated she was looking forward to 60p per share in value. Remember that Heid?

Well according to you, and you could be correct we will not have long to wait.
I hope you're right; I can get my money back then and disappear.
One matter that concerns me though is this, how do you know what the value of Victory's assets are worth?

I know, just call me Gypsy Rose Lee.
Seriously, this business is following the all too familiar well trodden path of small Exploration companies.
Keep throwing our the crumbs of comfort, but allow time to pass very slowly in between.

0.0737

not

0.035p in old money

Heid, ramper to deramper in no time at all? Transmogrification personified.

Heid...go right ahead, I'll await the knock at the door from the LSE thought police lol.

Novykluk, you just posted..............
" Presumably such a sale would require the potential vendors to undertake a considerable amount of due diligence and then the "legals"!!
So my take is, (1) A sale of Victory could be completed by say April".

With all due respect, to paraphrase John McEnroe 'You cannot be serious man'.
No way can that time span be achieved, even in the unlikely event of Victory being sold.