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owenjones, 0.4% porosity is a bit like solid marble lol. Given the Jurassic is the size of Greater London and then 1000m thick, with virtually instantaneous pressure communication....youre jikong at 0.4%?! Someone has been having a laugh. Ferrier for one...
He's not the Broadford I met once unless he had a bang on the head....and Bigdog5 on ADVFN seems to have become possessed by a demon! Doesn't even answer his emails these days. It's as if someone has access to the inner workings of the blogs. Who'd do a thing like that?!
TM, but Gkp were never truly properly paid. But didn't Zahawi apparently sort that out ? Whether that's true, who knows? Truth is stranger than fiction here.
How well the LTHs will do is speculative. Depends on whether the company has the stomach to deal with criminals imo.
TM - "GKP is in a very very special subset, a company that dropped through the 10% of that 10%max and even further AND is still in existence."
Indeed it is a very special company. It's as if it's survival has been part of some purpose. Now you say you didn't follow SHAG too closely, but the actions here really are at the extreme end of the probability curve - it's a terrible sham, let alone SHAG. The founder of the group is the niece of Oilman63, and she also runs the cutthecagain avatar as well as many others. Now, if you know that, and GKP surely had that one worked out years ago, then you would have your reason to "reset" the restructuring.
So, the City sell out on the way down (of course they read the Pareto article...) and the mug PIs stay on board. Apart from those listening to Oilman63...and other entities acquire stock at cheap prices...46.5p...4.65p.... so upon reset the company goes to the pre-restructure holders. Could it be done i=using a special divi, although I'm not sure they know how to calculate this (nudge, nudge) whilst buying back all equity at 300p (new money, natch)... and everyone is a winner. All of the bondholders and those that took up the open offer get a healthy return, and all the pre-restructure holders get a decent pay day - well, they did the support company/KRG whilst ISIS were banging on the doors.
So, who bought the equity pre-restructure.....
There's CIty theory, and there's Middle Eastern practice.
Theory man - try a Santorini Assyrtiko.
Back to the Chinese takeaway...the samples were from a deep Shaikan formation. The cores were the only source, and I doubt these would be freely available for academic study. An existing well was then flowtested in an untested zone to confirm the lab findings.
It's bizarre that JF claimed to know nothing about the work iirc- everything isn't straight forward here, is it. When earth sciences and capital markets collide!
Did you ever analyse the SHAG group in as much detail?
TM - the Chinese studied cores from Shaikan - cores supplied by the KRG. So they subject one well to specialised tests on a previously untested zone. It's clear enough to me they wanted new data. Didn't they refer to their "predecessors"...ERCE. Maybe your post is an exercise in IR/PR? Be a decent chap, man up, face the facts. It was a Shaikan study!