Member Info for pijoe1212

oh shucks..are you negotiable on that polite? it is the weekend..... reserves based leading..in effect the security to a loan is the proven oil in the ground. the asset could be sold to a 3rd party if the loan is in default..very limited RBL facilities (i.e. bank loans) in recent years. i think it is true to say (but happy to be corrected), only available for reserves in production in recent times (used to be for certified and being put into development oil prior to the oil price crash) and then generally only facilities renewals (a few exceptions!)

guess who posted these words of wisdom (samples only): 12th april (ophr): The management is not the best .......if anything we should pray for a quick takeover to put us investors out of misery 12th march (ophr): Incompetent parasitic CEO and management with minimal shareholding needs to go if they don't execute ASAP. 2nd nov 2017 (pmg): Agree with isengard on the point that management are shockingly lackadaisical and inactive got bored so jumped to a place i knew! 6th Dec (2016): RKH Management is either highly corrupt or highly incompetent - I am losing FAITH!!! in each case preceded by positive posts. anyway..my last coffee disappeared - time for a filter..coffee. not sure what the prize is for winning this comp..!

One can assume the surrounding areas has more of these fault blocks and with such a depth of pay more to find. Condi is a great bonus money earner.

solgfinger i would be totally and utterly amazed if rkh gets to �1 prior to SL news! (in fact i can not see how it can?)

from what i understand much of irv's construction work is D&B - that is a fixed price for a job for a defined outcome. Bill of quants would be used within the IRV team but not shared with the client- certainly post contract! on "traditional" jobs BOQ's are used to manage the commercial side - but very few trad jobs about these days. these would enable re-measure. using the example - irv fix there tender sum against the info provided which they have to check. if it is wrong they have the duty to tell the client- if post contract its more irv loose on that element and if its less they gain. the risk is transfered via the contract. the plant cost side is simply an internal cost or external cost. D&B is a risk & return transfer process to the contractor. owning plant tries up capital, which irv do not have lots of (well spare capital) so makes sense if the kit can be hired.

(i would have to say i would personally have more the 20% of a pot your size in any one share). the word not is missing! (i would have to say i would personally NOT have more the 20% of a pot your size in any one share).

each of us has our own trading strategy (and some none?!). what is best for you only you can judge! for what it is worth i limit holdings to max two at 15% and the rest to 10%, with a few exceptions for a short duration if i am expecting something to change and the investment case is compelling. for real high risk stuff i limit to 2%. i am investing a larger pot than you, so you may want to think about the %'s that suit you (i would have to say i would personally have more the 20% of a pot your size in any one share). i would also say the preservation of capital is key - its not your winners you need to watch, its your loosers! selling out and buying back in either higher or lower is fine if your risk to reward tolerance tells you to do so! the aim is for each investment (trade) to make money and for the total of the trades to make money! as always do you homework (that is reading accounts etc not BB's!) and then ask if you do not understand what any part means! and yes i was happy with todays RNS..nothing of substance new but all still heading the right direction.

is the fee split with nigwit or do you get 100% these days....LOL

sipp..very good!..being of a similar age (of course your still due your bus pass prior to me) you may enjoy this one?. perhaps our good friend and fellow poster what i some times disagree with could try this? https://www.youtube.com/watch?v=Uz9_YfIQaz4 bet wellwell hates this post..LOL

i assume you barbed comments about "experts" posting last night not posting today you are aiming that at myself and AD. we have both posted - i at 09:12 this morning. both of us have expressed respect for DSPP both posting in apparent response to comments on this BB and his knowledge of oily matters. this is not the first time (!) this BB has seen personal comments and i am sure not the last. perhaps however you could consider apologising for comparing AD to a Kwik fit tyre fitter?

i have followed the FRR storey. once again TW proved his worth as a jurno by publishing and forcing a company to formally state the position. with Gary newman doing very good review articles (inc on hur) for the oily space i find it a very useful source of info. on the matter of GW, i have come to distrust much of what he says about some co's. he seems to gloss over key matters (esp on finance) and often simply re-states RNS's. i agree with sipp - he comes across as a paid for mouth piece. not sure he did peeps on here any favours during last years fund raising.

i have real respect for DSPP posting a response to what would appear to be comments made on this BB. much of the contents of his post i accept and agree with, but not all esp the comments related to buyers strike as i just do not see that. wellwell- there is a filter button for you to use and then perhaps you will get your clarity back? klepto - filtered.

Wm..read my post again. Very clear?

breach of seal.. i have contained myself since reading his posts last night as directed by RA..seal risk? what planet is he on? DSPP - post here as frankly you have questions to answer, if only to put RA's mind at rest

an engineer takes a practical question that requires a practical solution for which the answer is not the same as last time..by using experience and knowledge an engineer can formulate and articulate and define a outcome to a new problem. dont start me on IKB!

i think you are asking " R U in" or "out" i am out and have missed the rise from c. 32 to 34p to now..i stuff my "floating cash" in PMG (sorry to shout!)

i would put to you that some interesting ideas have been debated on this BB over recent days. without debate the BB would have died..it is no news time until the EPS is up and running in my view (ok..lots of news but not news that moves the investment case?)

evening wellwell. not sure i agree with your comments about pressures. but i am not a resi engineer and i think you are not also. so two part sighted debating the brush strokes of a Gainsborough pic if we carry on! while i "put down" ricfle (for good reason), i welcome and enjoy his posts...i do most.. but shoplifter is approaching filter list

Mira i am a pi who does his own research in O&G (and am ex O&G) - but i do share my (engineering) homework with two hedgey mates when asked in exchange for insights into finance matters.

i will post to you again. you hold DSPP in very high regard. now i think he has posted some good stuff and i would welcome him posting here and taking part in some good debate. but as i posted last night i think he is very wrong in his thinking about gas re-injection. he articulated the view that the issue was the gas re-injection potentially causing a breach of seal. i think this is rollocks. the oil contain gas in solution. re-injected gas would tend to do three things- be re-absorbed into the oil, rise or migrate to the lowest pressure area . i think the low pressure area is the well bore (but i note DcT comments about the very low delta p / flowing bl). the well bore has to be at a lower pressure to make the oil flow into the well bore! how else does gas lift and gas injection EOR work? Dc T does not want to re-inject in case it causes the well depletion rate that would otherwise be experienced (and expected by potential partners) to be "masked" by gas lift interference!