Member Info for pijoe1212

But when the chance (cos) is so low why would they pay the cost of 3D without even considering the cost of a drill...in the best case (say commercial oil found in the basin) what % of the equity would a farmin partner require to do a deal? Don�t forget it�s a competitive market with others also looking for farmout and some blocks handed back with data to government

I make it 24....

Good news to see it flow

Worth also checking if a co has convertible bonds..pmo is an example of a co with a high % shorts but used to cover cov bond equity risk (see recent pmo rns)

One can try to help fellow active investors. But at the end of the day you can lead a horse to water...all know the rest

Why would I want to meet the other poster?

Rizq786 The average hit rate on wildcats is taken to be 1in7(14%). The average cpr cos on wildcats is 25 to 30% ( depends who writes the cpr!) So the outcome chance is about half that of the cpr cos ( this is just the way the industry works!). So at 12%, the real chance is much lower. Not sure about drill costs (water depth and target depth etc) but I would guess $40 to $50m..so the cost to risked return just does not look in anyway attractive.

I notice some posters from here now on the eco bb asking about gbp...getting the same comments I have made... One tries to help and I just love peeps trying to bully me off a bb

I speak pigeon English well thanks...none of the oil cos or construction cos have ever employed me for my English skills...

Phoebus..100% agree and why I sold yesterday morning.

I will carry on posting... Now pls could anyone tell me of any other co who has paid good money for a cpr to detail prospects with 5% cos? That can not be Cash well spent

Can someone post any reason other than wishful thinking why a farmout is likely?

Oh I hate seeing anybposter tell me or any other to stop posting...so I�m back. Now the issue is not what he Farmin may generate towards 3D or drill costs, it�s the chance of getting any farmin when the cos is only 13%

I suspect the % of shorts and the % in pi hands by mid July made an under written ri impossible

EddC 225 reason why that is perhaps your best course of action..

dougal66..your post of 15:45...not a reference to ctag? (where i was also told to naff off while making reasonable and balanced posts?)

no problem to me..its why the filter button is on this platform.

its not about what you want..as i say pls try to be polite.

really i'm the chump? having sold yesterday!!! i am not deramping..i have made my comment on why i have sold. what i hate more than anything is a ramper trying to bully me off a BB...i tend to find it makes me return again and again...anyway have fun and do try to be polite

glad to here you will not allow it to be used for derampers and i assume you also mean rampers..balance is always good...(by the way when did it become your BB?) oh ..and i have said i will not buy in until farmout is achieved..