Member Info for persimmon

Rodster....I bought & 0.59p so it's still above the plimsoll line unlike many others who are sitting on a sizable loss, thinking they have to talk up the share all the time with outlandish assumptions, many of which will never fly!

Just been on the UK Oil & Gas Energy Portal and the Colter submissions via Fraser Well Management x 3 are still showing as only being submitted, although they were dated 4th January 2019, so maybe (although I doubt it) you have information that has been passed and is not out yet in the public domain. If so I would like to know where you get this 'insider' info from, as you will be a welcome source of early info in the future.

Selfish...please point me to the RNS that says Greg Clark has given the go ahead for the Colter drill.

Chris, can you just put Selfish in the picture about Greg Clark and Colter, that is unless the drill has been okayed yo go ahead within the last few hours that I know nothing about. Thank you.

rsprosen....if the news from Wick is good we will get to know soon enough. If not then expect a lot of political 'wishy washy' measly words hoping to 'kick the can down the road' until after Colter is spudded (that is if Colter is spudded); final approval from Greg Clark still awaited at this time. Hopefully will not be too long. G.L all.

Lol Chris......'A friend in need is a friend indeed'.

lampilgrim....Why is that then?

afrc....No, only significant news such as Directors buying and selling, prospective take over/mergers etc and annual and other financial results announcements which depend on the size of company. If you have any specific questions including current major shareholders holdings (other than the +/- 3% that has to be disclosed via RNS) you can contact FTI the P.R consultancy company; that is the face of Thruvision now. G.L with that, they will only disclose what they have been advised by the company to tell you. Unfortunate, but we are minnows swimming in a sea full of sharks!

98% of the investors here are Institutional, and we know they are being updated 'as and when' on a regular basis The rest are given the mushroom treatment (without the sh*t). With this being the case I can see very little RNS updates over the next 6 months apart from those by law that they have to disclose. We may get the odd RNS-R update via reach regarding any major contracts etc. Worth bearing in mind they are not updating the few of us P.I's left for the obvious reason....they want our shares. Patience is a word very often over used with regarding share price movements, yet here it certainly is not. Eyes open regarding US publications especially! OMO and G.L to the few of us left.

Luckyman2....."Reabold will update the market on the evaluation of the results in due course."

I do think that unless the Wick results are extremely positive we will get any definitive information before the Colter results are known. That would make good business sense to me.

Looking at the timing involved I would think that the Colter drill will have to get the 'thumbs up' from Greg Clark (the Business secretary) well before the month end, if ENSCO72 is not to be moored up. Would like your estimation on this Chris.

Thank you, that is good news then. When was it confirmed?

Has it been approved by Greg Clark yet?

State-level data show the difference in crude oil API gravity in different parts of the country. For example, oil produced in Texas has a relatively broad distribution of API gravities, with most production ranging from 30–50 degrees API. Oil produced in North Dakota tends to be light (less dense). About 90% of North Dakota’s oil production has an API gravity of 40.1–50.0 degrees. California’s oil is mostly heavy (more dense), and more than 90% has an API gravity of less than 30 degrees.

With the greatest respect Jack, if you went to a bank for a loan to start a new business up with your 'on the back of a fag packet' calculations then I'm afraid the answer would be a polite sorry but no.
I truly hope in the coming months 'real money' is discovered. These ventures are just a matter of 'keeping the pot boiling' in the meantime. Just one final thought; how long do you think an appraisal well (Wick) which if it is successful will take to come on stream. It will be many years. The s.p would also reflect this time lag as would the operator; not RBD before anyone points this out. Remember we the punters know very little if anything that is written is the small print of the contracts.

Good morning one and all.
400,000$ per month reported Let's no get to carried away. Let's just analyse that figure for one minute. 57% per barrel is above the market price for heavy crude which Californian oil is. It is not Brent sweet light oil. So the initial starting point will be in the forty odd dollars per barrel, and remember this has been assumed at the final price one can sell to the refiners. This is where the maths get even more tricky. The 'heavy crude oil' has to be transported (more expense), it will have to be probably heated too as its viscosity is very low, likened to tomato ketchup. The refining of heavy oil ('the cracking') is more expensive to undertake at the refinery hence the discounted rates applicable. All the people associated have to be paid....the equipment has to be hired, disposal of water, agreement costs. So you see the actually net profit (if any) will most likely be a fraction of the 400,000$ sum suggested. This is why the s.p has not moved!
Better times ahead hopefully with Colter and 'sweet oil'.....and G.L to all.

Tbf.....Yes it would be a good contract to win but...........I had 2 companies years ago in my portfolio that tried to break into the Indian market; sold both. One had great difficulty and took years to achieve contracts and the other one gave up due to red-tape and other hurdles it had to jump. No easy task I think if Thruvision have designs on them. Unsure about India, it's a growing market but plenty of pitfalls awaits unsuspecting clients. OMO as always.

O.K Chris, sorry you think that way, I just sometimes get fed up of all the one sided back slapping about 'news' much of which is patently untrue and repetitive. I accept many of these comments are made by newbies with little or no idea of Oil exploration and time lines. Reabold as an OEIC is still not immune to the end game results. You must tell us all sometime how many of those that posted guessing in the spring what the s.p would be in June and at Xmas are still with us. I will be surprised if 10% of then are still here? I promise now to not post anymore before the New Year. G.L to both yourself, Simon and the other punters and have a great time over the festive season. P.

Just looked at the forecasts for the next few days. Agree with Chris, with winds expected to reach 55mph on Saturday little chance of departure before Monday at the earliest in my opinion. Remember the rig will take up to 7 days to reach its destination, and a reasonable window will be needed before it sets off.

Due to leave Hartlepool latest news, tomorrow Friday 14/12/2018 @ noon. 4 Tugs required.