Member Info for pijoe1212

i note you complain when i do post and then complain when i do not! what a joke.

still if it helps you only to see 100% positive comment then why not just filter me (and a few others?).

i model the asset base using fundamental basis (NPV and industry comparators). now what point in time does one use to give any sp prediction? does it assume FID and FC on SL in next 12 months? does it assume cash to drill apr wells on issy?

"stands to reason" - sorry only stands to examination in my view. it is nothing whats so ever to do with prior SP peak price.

FWIW i see well over £1 on FID / FC..i can see many potential outcomes that could be a multiple of this....but we need more info on the SL deal to make an informed judgement. i remain more than over weight here.

ESP sounded better...LOL

ricfle

no one can put any mind to rest on the matter. you can only gather opinion, including the companies (as articulated by doc T).

i like the michael fish ref..but perhaps that illustrates an outlier point (shall we call it 5 SD's away from the mean) rather than the risk in hand (not deramping just my view)

evening AD

so who are you supporting tonight? ......

i think i will go for a 6oclock Gin (oh so smooth) and fevertree...thks in advance

oilwise

posts such as "i have sold" or "i have just topped up" have always been tolerated on LSE BB's. never seen any issue with such being deleted previously.

i do know this BB is highly monitored. for what reason can only be a matter of opinion..

"posting personal info" could of course include opinion, which is by default opinion. perhaps explains some posts which try to move opinion into accepted fact? only my opinion of course PMSL..

i see that once again 60% of posts on this BB have been deleted...must be some kind of record. why andys post saying he had sold (and nothing more) is rather puzzling!

Is it the case the partner in Newfoundland is a consultancy? Looking for funding ( as it has no equity risk capital of its own to invest in the Nuog scheme?) . Now I would suggest many oil co could enter option contracts with consultants- no problem, but most do not bother as the chance of financial close is no better than the original owners chance.

Have you checked out pvr- what and who and fins?

biffadog

i have to smile when i read your comments.. we have meet..RKH agm some 2 or 3 years back..i was talking with john summer and fiona and you joined us just prior to sam did, and i then went off to talk to an odd mate (bob peters)..

BNB has asked: "i totally respect your comments , input and judgement here and on the other shares although I would appreciate if you shared your views here on other shares before they rise".. for what it is worth i rate both lek and rbd (i trust lse admin accept why i have posted about other shares on this BB given the context!).

p.s. on the ample funds..good point..try getting divorced twice..does not do ones wealth much good!

evening..i read with interest other comments in response to yours and BNB's contribution. you seem to always be implying i lie - i do not. now i am not going to indulge you with my by sell records any more than i am with my take on DSPP's valuation model (which i respect and frankly have not seen any-other considered methodology posted to value hur) but see issues with.

now here is a post i made on these BB's on a board that runs a comp each year - single pick share. biggest riser nominates the charity. i posted on 28th Dec 2017:

"put me down for PMG (would go for rkh but i think Q1 2019 for the big move!)

cheers guys for keeping track every month or so (and i enjoy as it forces me to think 12 months in the run up to christmas!)"

now using this sites data for this year:

PMG: open jan 2018: 36.6p; peak 80p (+118%); current 61p (+67%)
RKH: open : 21.25; peak 44p (+107%); current 41p (+93%)
HUR: open : 31p; peak 54p (+74%); current 54p (+74%)

so of course i follow hur - i took part of the gain to 36p before selling. meanwhile i am happy with my investment choices!

BNB: i do state my views on this and other shares - but i do not mention other shares often on a share specific BB such as this (generally only when challenged to illustrate a point).

HUR is a good investment (it would never get my cash if it was not!). that remains the case, but it completes for my capital at all times.

Will respond to your question with detail tomorrow. Been to busy with footy and general life today. But as posted here (and elsewhere) I moved significant Cash into Rkh & Pmg at the start of the year. Will post some numbers tomorrow when pc is fired up.

The weekend O/T has started
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I've never ridden a horse in my life.
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sound like a challenge for the EGM on t/o bid.....too sure how long (or inclination) you have to learn...

aduk..i would agree $300 oil is not likely..(but does that assume the madman leading the usa gets kicked out before he does more damage to everything he touches?)

this one makes fun reading....

https://oilprice.com/Energy/Oil-Prices/Could-Oil-Actually-Hit-300.html

ricfle..so do i and i also recall who made that statement and who agreed with it!

re last para..i think the alternative would have been the bond holders taking the operating co's private (not too difficult to do if a plc is in need of cash pdq), so i think rkh have escaped a period of uncertainty. i bet sam and the rest would have loved to have seen pmo fall away - all that sunk expenditure obtained for naff all, but i just dont think that would have happened!

meant to add, i think PMO come in for much stick. i judge matters over more recent past than some perhaps, and for that reason i think TD (and the rest of the pmo bod) have done a good job in not only surviving a near death experience but more importantly having the bottle to do the eon deal and subsequently the tolmont funding deal. shame solan is a total ****ebag of a scheme (so far!).

ok!

i can see pmo &rkh going it allown, but a farm down by both would change the dynamics for sure. i can not see pmo giving up operatorship however as they need control given the large number carried on the balance sheet and TD stressing how SL is just like catcher..! personally i would love to see a farm down that secures the finances of the scheme and sees rkh with a lump of cash to get drilling IE again. that was of course always the main driver for the FOGL deal.

i think the key to understanding the pmo bit lies in the timing of their cash investment. my reading is the export credit can be used against the kit required (which is the early financial outlay) but not the drilling & some of surf etc (vendor finance could come into play however). i think a lump of the unfunded cash out lay is likely to be in the last 12 to 18 months, at which point pmo's debt level should be far lower and the covenants will have fallen away.