Member Info for pijoe1212

Glad you appreciate my posts.
I wonder what tomorrow will bring? More rampy posts and a share price decline is my prediction

Mannnan. I would be very worried. The $50m is into shorecan not Copl ( and anyway used for project funding). Meanwhile Copl cash is down and current liabilities are up ( so not been paying the bills?). Only 3 to 4 months before current liabilities exceed current assets - placing within 8 weeks ( max) is my expectation.

The folks here don’t seem to understand how the consortium model works...rather worrying in many ways..one can only hope they do not miss lead peeps...

i would be interested in your view of the cali acquisition. as i stated the other day, i did not look at this deal closely at the time - my error. now i have i am in two minds. fundamentally i think the bod make good moves (thats one of two reasons i bought in), but my key interest is in colter (i hope that is spelt to AD's satisfaction) and the cal deal has diluted my share of this. it has also provided (at some point in time) a stock overhang situation (hence the need for the 6 and 12 month lockin/ orderly market conditions).

needless to say i agree with your comments about one sided BB's. i also note the comment that you are "universally despised" on the hur bb. that is materially and unequivocally incorrect, and clearly made be someone who has little understanding of the history of your contribution to the hur debate that has sharpened a number of posters.

So 12 months to get project up and running ( if I have understood your posts correctly.) .. so cough cough if I accept this how much cash is needed to be raised via placings to fund the 100% cash contribution for the 50% return?

Nm

Hur posters may be highly opinionated and vocal ( long may that be the case), but I would put to you they are intelligent and can assess risk and reward.

The average Ukog investor ( or do I mean mean or median investor ) is a moron with sfa understanding of oil facts or investment case.

Do you not think that post was rather offensive for no good reason?
I do

Nuog... Twitter ramp by a few to the cost of many pi’s. Anyway sfa to do with Hur...

Myself / aduk/ ricfle stop trying to knock the edges off each other?

These bb’ s are about exchanging views to the benifit of all.

Roll on Coulter drill I say..

total waste of investment space..try nuog (newodgger as i call them)....

thks for response by the way.

SS..ok with your thinking now. it is coulter that i am interested in most, so would hold my hands up to not following the gaelic deal as closely as I should!

SS

i can not recall any RNS statement about being able to pull out of the deal - have i missed that? can you point towards your source of info?

there is (in effect) mention of success case generating revenue to offset the $7M, but would the bod responsibly assume success in advance? i would suggest not.

what is the third energy connection here?

aduk. i have an IG spread bet account..what does that prove?

FWIW: i used it 3 times last year (and not at all this year) twice to short a stock i was long in rather than sell (which was difficult on low volume) ..both over a weekend when the rig count was starting to bounce and the numbers came out after uk market close on fridays. the 3rd trade was a long bet to gear a long position i held.

Muchabout. I would comment that you have based your assessment on life of field cost. Some of the costs will be per bl related and the balance sheet cap ex will be written back to p &l on a bl basis, but many of the costs will be time related (e.g. staff costs). This means the profit and free cash flow will be higher in the early years. Also the life of field cost stated by Pmo do not allow ( so far as I know) for the carry costs benifit to Rkh ( I.e. rkh lof cost is lower than pmo).

One of the interesting aspects we have yet to have clarity on is the farmout amendment that set the Npv at 50/50 at sanction and the associated facility charge to achieve this.

Adoubleuk. Thks for the comments and very good to see it was much appreciated.

no problem..given the extent you have gone in days past i would not wish any contact (mate) to visit that area without availing themselves of all advantage of it being a two way trip..! No i am not going despite direct invite to the region by simon.

sipp..i was serious! NM