The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
EOG is not all about Serenity you know. This has huge cash flows from Wressle and oil is over $100/barrel.
A SP can do many things, particularly in the short term, but it doesn't alter the fundamental situation. This and BOR reacted to the much anticipated announcement by RKH last week that Navitas has taken over HBR's tranche of Sea Lion. In reality the update was actually pretty lackluster, more a case of keeping the lights from going out and it remains very uncertain as to whether the Sea Lion development will actually go ahead. Easy to interpret moves in ARG and BOR as confirmation of greatness, but most of the move is just the diabolical spread on tiny volume.
While it's sensible to look at all UK related oil investments in light of the Russia situation, should the global geopolitical situation deteriorate further, then the UK's tenuous grip on the Falklands looks like it could once again come under threat. At this juncture, I think there are far safer places to invest hundred of millions in oil developments than out on a limb in the South Atlantic.
Could this and BOR do OK? Sure, anything is possible, but there are a huge number of ifs to sort out between now and then. If you want a small long term punt or want to play the volatility, which is not my thing, then go ahead, but at present I have success here as a very low probability outcome. You may get lucky or you may lock your money up for a long time and get nowhere and miss out on investments elsewhere. That's the choice. We look at the situation and make our judgements as best we can. Best of luck.
A SP can do many things, particularly in the short term, but it doesn't alter the fundamental situation. This and BOR reacted to the much anticipated announcement by RKH last week that Navitas has taken over HBR's tranche of Sea Lion. In reality the update was actually pretty lackluster, more a case of keeping the lights from going out and it remains very uncertain as to whether the Sea Lion development will actually go ahead. Easy to interpret moves in ARG and BOR as confirmation of greatness, but most of the move is just the diabolical spread on tiny volume.
While it's sensible to look at all UK related oil investments in light of the Russia situation, should the global geopolitical situation deteriorate further, then the UK's tenuous grip on the Falklands looks like it could once again come under threat. At this juncture, I think there are far safer places to invest hundred of millions in oil developments than out on a limb in the South Atlantic.
Could this and BOR do OK? Sure, anything is possible, but there are a huge number of ifs to sort out between now and then. If you want a small long term punt or want to play the volatility, which is not my thing, then go ahead, but at present I have success here as a very low probability outcome. You may get lucky or you may lock your money up for a long time and get nowhere and miss out on investments elsewhere. That's the choice. We look at the situation and make our judgements as best we can. Best of luck.
Taking the last balance sheet and adjusting for changes since then I get $746K (current assets) minus $43K (current liabilities) minus ($205K / 6 x 10) (ten months admin) gives a net current asset position of $339K or £260K without accounting for any other expenses since last accounts. ARG clearly needs to raise funds to keep the lights on for another year.
RKH has 35% of a major oil discovery. ARG has 100% of some 3D and a piece of paper. HUGE difference.
Sorry, but 30p is over £70M market cap for ARG yet RKH is only £40M. As things currently stand, why on earth would anyone pay 1.75 times RKH's market cap for ARG when RKH has a huge share of the Sea Lion oil discovery and ARG basically has a piece of paper and some 3D? It's complete nonsense. Need to come back down to earth.
Given RKH can only manage £40M with a big chunk of Sea Lion and a farm in partner, nearly £10M for ARG looks too rich.
Given RKH can only manage £40M with a big chunk of Sea Lion and a farm in partner, nearly £10M for ARG looks too rich.
'China’s largest offshore oil producer raised 28.08 billion yuan ($4.41 billion) in the country’s 11th-biggest public stock offering. It said it would use the proceeds to fund one gas and seven oilfield projects in China and overseas, and to replenish capital.'
https://oilnow.gy/featured/stabroek-block-co-venturer-cnooc-soars-in-shanghai-debut/
Looking good.
GALP's PEL 83 also looks very handy with the massive Cullinan prospect in Shell's Graff block straddling the boundary. No doubt there are several other targets on block too.
https://hawilti.com/wp-content/uploads/2022/02/PEL-90-Nambia-Havoc-Partners.png
I'm sure I read previously that Venus West was anticipated to be the same size as Venus and possibly connected to it, so we could be looking at a 6-7 billion barrel discovery in the basin. That has to generate some really serious interest in our acreage.
I'm sure I read previously that Venus West was anticipated to be the same size as Venus and possibly connected to it, so we could be looking at a 6-7 billion barrel discovery in the basin. That has to generate some really serious interest in our acreage.
Very interesting. Sounds like Total are doing lots more drilling in the Orange Basin and will be underway before we spud Gazania-1. Can't quite believe we're still at these levels given the huge success in the basin so far and the massive size of our drill targets relative to market cap. Things really are hotting up in the Orange Basin. Should get very exciting here.