Member Info for pijoe1212

great not get..LOL

hard to buy and wish i had held them prior to suspension! what a get return for you holders..but more to come i think.

npwharf..very funny! much as i may comment on Tidd's exuberantly positive comments i am sure he does not visit other posters PC's to hit the buy button...(how big is his freezer do you think?)

should have added i can not recall any other oiler who has spent cash on a cpr to evaluate and confirm 5% cos ...

only..in my view no it it is not and have said this since the cpr summary was released. i think maestro has stated my view also. dont forget most of the 3bln bls is 5% cos - which is the lowest it can be to be classified as a prospect/lead

by the way..i have looked at opti..dont like the fact TW does like it..he can pick losers, but can he winners?!

Hiding here! Re that interview...spoke volumes!

evening Tidd83..still very positive i see.... your comments (which i would sum up (fairly or otherwise!) as "no sweat we can just deliver to other power offtakers").. as i have pointed out you need gas..you need the cap ex to build the plant and transmission lines and you need a customer. wheres the cap ex come from? you see any issue if the customer is not a gov body?

aduk every project finance scheme goes through this process..the funds are lent to the "project (ltd co spv(special purpose vehicle)). tlou are a partner in the scheme and an equity holder?

We're talking here about 'secure supply'. Yup, the gas is there. Maybe more than is yet officially quantified. The company has a project whereby to bring it to surface and thereby sell it. 'We' are 'investing' in the company to bring such a project to a reality-state. --------- you stated. yep agreed..but the "gas is there"- says who? ..but on what basis does the "power converter" (aka cap ex funder) basis his return? (oh and dont forget his funders due diligent engineering advisers?) i would suggest an investors hope the gas can be provided is not the same thing as a funders DD advisers view on ensuring project finance can be repaid.

Evening rookie i see it in a very simple way on a first pass basis, and i will not bore you with a secondary basis!.i make no applogises for mixing up finaicanl ideas / calcs here- I am trying to keep matters reasonably simple! i will split my comments into: producing assets; contingent assets; SL and cash: producing assets: rkh has assets that produce c.1000boepd ..on an ev basis I would value this as c. $35M equity value (I consider the timeline to be sufficiently long to be comparable to other �oilers�) contingent assets: rkh have not declared the quantum of the OM claim or the chance of success. I would suggest (on good basis) no results only legal firm would take the case on a �no win no fee� basis unless the chance was at least 25%. I would opinion (and no more than that � my opinion ) the claim would be for some say $150M..so on a risked basis lets call that $40M (�30M)..but given the CNE experience of india..lets call that �an icing is over and above and not priced in or should be at this stage�. SL Phase 1 should see some 200mbls to 2P. now 40% of this is to rkh..but the �deal� is to reset the npv to 50/50 with pmo at time of fid with �finance charges� back to pmo after carry costs (to pmo). I think this �deal� is missed by almost all PI�s in it�s significance �it set a marker in value. Now what does that mean? I would suggest this means rkh get at least 40% of the npv, but pmo have accepted 50%...for pmo to farm out they need to see this agreement honoured.. But what is the �real deal� on getting phase 1 away (to fid)�without question fogl t/o was all about future farm out( 2 v 3 cos is much easier)�so I think a farm out will happen. Note the above point about the 50% npv�that will be the marker I (and others) will refer to.. What is the value? What is the FID phase 1 deal? (I think phase 2 / issy phase 3 is easier to see..). either way lets just say phase 1 is at FID $5/ bl to rkh and 80M bls..so lets just say $400M (at fid).. now lets discount that back on a risk basis..say 50% chance of fid in a time frame that does not discount the value of money (NPV)..lets say $350M (FID in H1 2019).. What is the remaining 2C worth (at least some 150M bls+)? That has to be a split questions- now or post sl ph 1? The value will be different and any investor would need to consider the time and time discount factor. Cash We know rkh is spending on pre fid sl costs (what a surprise!). it is also investing in the producing assets. It had $51M end of year � this was inline with my expectations, given the SL feed costs /closeout drilling costs. So what is my estimate of value? Work that out on a risked and unrisked basis? only my "short form" view hope that is useful

i will post a few views here...for what it is worth. any gas to power scheme involves a gas supply and a power offtaker. the "converter" sits in the middle. his role is to take gas and turn it in to power. in many (most) cases he funds the cap ex. so his return depends on the length of time the scheme runs for and the selling price. now length of time is directly related to plant reliability (design and op ex) and secure fuel supply. this with the sales price dictates the cash break even (but note the time value discount factor (NPV) of the cash received).. so any project finance has to have both secure supply and a sales price that ensures (guarantees) a return... anyone see any issues here?

The value of the company will be determined by the gas in the ground, they don�t need to produce a thing. ------------- that is what you state.. great go tell that to ophr shareholders who have sold 20% of their tanz gas asset for $1.2Bn while retaining 20%..shame the mcap is c.$500M (plus of corse the cash at bank)...sometimes you talk ramping rollocks (too often recently in my view..but that is only my view)

Evening. Much of what you state with respect to peeps disagreeing with your posts I agree with. You have every right to post your views. However I do not agree with your assessment of Rkh. Without question the investment proposal here is for sl to get to fid. at fid Rkh should have c80m bls 2p plus the phase 2 as either 2p or more likely remaining as 2c. More importantly it will be moving towards being a producer and forward values based on ev/ per flowing bl start to be meaningful. Having cash at bank de risks the timeline. As pointed out there is potential icing on the cake (om claim). Of course one has to note the potential for the pmo deal to change on s further farm-out and that�s an know unknown. The cash burn by the way is easy to understand if you read all rns over last few years. Hope that helps your understanding

pls tell me your lse posting does not reflect you investment PF? horses water..horses water.. i repeat. i own or short any shares in GBP..if (note that IF) gbp can get a farmin partner at the nil cost they seek..then great and i may buy in.. anyway dougal..i hope you realise and publicly state you understand both sides of the investment case .. oh by the way..12% cos..oh dear not great to get a farmin ? unless of course others get a result later this year..but then who is the runner to back?

whats the rumour?

pls either wise up or give it a rest on your ramping.. i post this as i objected to your ramping posts on Ctag (now i accept you became more balanced as that ramped shite was suspened).. the LRGS rules..pls read the rules and tell what has changed from prior rules.. nothing in the respect of a party or concert party building a stake in any company.. the move of COS from 2D to 3D.. pls do your homework..you clearly know sod all about the oily game. now gbp MAY get a farmin ..but others have acerage in the basin(s)..like lek..sqz..eco.. you think a 2D 12% chance = big time payback..? UM!! the other farmed out acerage have not advertised the use of a "selling agent" (but of course they may have used one).. no pls stop ramping as you did Ctag with oblique shite...

lol..your loss..perhaps my gain.. could you let me prior to selling your remaining holding? helps me.. thanks

wink wink..nudge nudge...

So he has potential value as a bb poster..what do you bring to the party?