Member Info for pijoe1212

I never realised you view this bb or your private one as a popularity contest! Rather strange that you do. The old classic of the bb is only for the invested- that’s how confirmation bias takes hold and peeps don’t make the returns they could have. Anyway I don’t need you consent to stick my oar in as you put it! Why on earth would I go to Lerwick to look at a Bouy? What purpose does that serve to any investment view?

Oh really sipp, was that post worthwhile? What did it achieve- or is it you get a kick out of posting insults?

I find your posts hilarious but do you not feel you sometimes go a little ott? Perhaps others can filter you and I can continue to be amused?

If you mean a player is a short term holder rather than a lth , then fine. The only difference is hold time. As for trust - to be frank I don’t want or need your trust and what benifit to either would it provide?

I posted about this many weeks back and spoke to the company to express my displeasure. But it is currently a side issue.

Cyan2- good post. Mirrors my view. I also found the cpr statements about the Kimmeridge very interesting- not often one sees such bluntness in cpr’s. Covers Ukog disclosure risk if the Kimmeridge flowrates sre poor.

Very good...but i’m Not at war to start with! Simply answering politely (mainly!) asked questions.

It could have one if several videos I post in response to insulting posts. I thought it was clear why I post here- I am always looking to buy in to any good co with my trading pot money but it’s all about timing. Hur has risks that until sometime post foil prevent me putting into my long term pot. at the current time it does not tick a key long term sustainable test ( cash (or access to cash) for 3 years of current activity or cash flow that provides the same degree of protection. So it’s only my short term money I will invest- which is only some 15% of the total. So I may invest tomorrow or next week or next year- it depends on the sp and the mcap relative to other comparable cos. Being up to speed on latest news is part of that. AM moving out for sea trials is a very tangible event but I would expect an rns on departure- perhaps a two week window between? Could of course be covered by a general update rns. Don’t forget this co is nearly a£1bn mcap so pi’s reading this bb will not move the sp..

Ninetails. You are correct about the general lack of technical understanding displayed by many posters on this bb. The choke issue being just one. We do not know anything about wellhead pressures on the prior tests for example. What we do know is the choke was big (by general stds) so it will only get smaller in my view to maintain flowing pressures. This can be expected to reduce flow rates. I also note the often posted rubbish about x bls times oil price minus cost of production equaling the company value- demonstrates a total lack of financial understanding. But of course when I or others post such realism it is so often met with abuse...been the case for as long as I recall on this bb...

as you well know and i have made no secret of - some shares i buy and hold in a core holding pot and some money i used for more short term holds. as posted before (and i am working from memory but i did post at the time so can be checked) i last held from 27p to 36p i recall (approx dec to end of jan i recall). i then missed the rise from 32p to 48p as i put the cash into pmg & rkh (which are in both floating and long term pots). given the way they moved from early feb this was a good move! much of the short term pot is currently in cash (with the pmg &rkh profit shares moved into long term pot). there are a number of dynamics currently that make me cautious (oil price with the politics / summer deadzone are key), but of course hur is moving towards foil. for a few more reasons also i remain at the current time on the fence. i will ignore your credibility comment, other than to note i got lots of abuse here on selling out in the 60's and then buying back several times each at a profit (as posted here). so you may be right that i have no credibility in your eyes, but i do have a nice return on capital deployed considerably in excess of a simple buy and hold strategy. as always each to there own and i am not criticising a buy and hold strategy in a good company. one thing i have learnt is always try to understand why a credible investor/ poster does not buy into a share i hold - what can they see that i can not?

Wink wink...lol

You want a tulip? Or a bubble- esp for u..southern...lol

For many weeks..or is that months seadog was telling us what a great investment nuog is. But now he is noticeable by absence. 6.9mil anyone? Anyway such is life on lse nuog bb.. Great investment since I first posted here..what down some 40%...fab

lse?...posted twice!

biffadog. current "EPS" costs include a contingency (and some $100M reimbursable estimates from memory). it MAY be cash resources in hand could contribute in addition to EPS cash flows. i would of course expect offtake funding to be put in place with BP - likely after foil - to provide cash flow headroom to hur.

biffadog. current "EPS" costs include a contingency (and some $100M reimbursable estimates from memory). it MAY be cash resources in hand could contribute in addition to EPS cash flows. i would of course expect offtake funding to be put in place with BP - likely after foil - to provide cash flow headroom to hur.

nm

not my reading of it. this is my understanding (over to a drilling expert to correct if this is wrong!). this was an expo well so would have been drilled over weight regardless (for safety reasons). i believe the pressure exceeded that expected so mud weight was further increased to control flow to surface. this can and does block parts of the formation which are at lower pressure with drilling crap forced into the formation, so impedes flow on test. this can be corrected with acid or a frac or the like and re-tested. future wells can be designed with the knowledge now gained of the pressures. so to me it sounds like normal stuff not a balls up. being over pressures is good by the way for recovery % and expected flow rates.

pls could you evidence at $4/bl statement? also i note you are now using the 10 year EPS timeframe.. i am sure your have not forgotten the AM base asset cap ex (as opposed to field specific cap ex) is recovered by BW . not sure it has been main clear, but i assume base day rate and a tolling rate.

Morning boyzee...fun to watch and so obvious before each event..