Member Info for raxfactor

This could well of been posted previously as the article was written on the 26 Oct,
but if you didn't know what digital twins are, then I won't spoil it for you.
"Covid-19 has been a catalyst for this type of digital innovation,” said Mitch Flegg, chief executive officer of Serica Energy Plc, which is using the system at one of its North Sea fields.
https://www.rigzone.com/news/wire/oil_and_gas_digitalization_budgets_avoid_slashing-26-oct-2020-163671-article/

Excellent article regarding South East Asia, describing how oil demand in the coming years may change from China to India being the dominant driver for oil.
However opinion is than demand will continue grow with JSE mentioned as one company to supply that demand with increased capacity in future years.
A good read for JSE holders.
https://oilprice.com/Energy/Crude-Oil/Why-The-Energy-Transition-Will-Be-Fantastic-For-Small-Oil-Companies.html

By the looks of how things have played out today, I have the feeling that the market believes this upholding of our previous court case is not the end, and until details emerge that GSK have given up their fight our long awaited re-rate is on hold.

Indian economy predicted to recover to quicker than expected, which will be good news for OPG as demand for power returns to normal levels.

https://www.dnaindia.com/business/news-indian-economy-to-recover-faster-than-earlier-predicted-say-global-agencies-2857483

Well well well, what a welcome suprise so pleased we had our win upheld against the big boy, a welcome shot in the arm for sp, a few doors may open for future opportunities with all the cash we now have.
Who knows we may even become a target, we had a fair old stash before this windfall.

Well we certainly managed to push through 40p, if Bayford have any ambitions for a full takeover here they must surely be making their move shortly if not the sp movement may take the asking price much higher.
They must be regretting not going all in a few months back when we were at our lows.

Moving upwards to test 200p, as they say fundamentals always come out on top in the end.

Gas price trending slightly higher as well.

Usually technology shifts from one form to another due solely on economics, but hey if our government wants to ban petrol and diesel cars FCRM may as well benefit from the madness, there will be a lot of infrastructure to put in place to ensure this transition, however we still have the option to fall back on the horse and cart if it doesn't work out.

Just in case folk needed a reminder that in these days of the Great Reset and the agenda of the WEF, cash is king, and if it can be avoided large scale debt is best left alone.
JSE have wisely decided to pass on their Philippines options as it doesn't fit with the company ethos of developing and extending the life of mid term assets.

"We remain focussed on our strategy of delivering value from producing fields and near-term developments in the Asia Pacific region, while avoiding early-phase greenfield exploration plays such as SC56, requiring multi-year capital programmes prior to production and cashflow. Nor would the major investments in new pipelines and facilities fit our sustainability objectives which include a focus on maximising use of existing infrastructure.

Makes pleasant reading you can't beat a positive upbeat story in a flagship newspaper to get JSE story out to others who may have never known we even exist.
The South East Asia location and growing oil demand is an important message while we in the West peddle the demise of oil.

https://twitter.com/chigrl/status/1328297568955224065?s=20

So the Chinese are using the latest and largest tankers to transport low sulphur diesel to the West, wonder if any of Jadestones oil could be heading West.

Nice to have a positive write up, and nice to see some stability returning, the 3 month graph is looking good and we look to be heading north from the recent lows.
Hoping also for some long term lasting stability in the region.

In the midst of a mini stock market surge, in the middle of a possible bidding war and takeover we fall 6%, our bidders must love having all these sellers jumping ship straight into their hands at a discounted price.

So this is just the news we needed to hear another 3 months of reduced production then probably a review to see what the demand is then, then a decision to either stick or partial increase would be my guess.

I wouldn't get carried way with this latest stock market surge, while it seems we are left behind, a quick check of the balance sheets of many well respected companies reveals a mess.
I have been looking for alternative strong balance sheet companies but the debt some are taking on is mind boggling and their markets have decreased in size.
Will they return to past levels in say twelve months highly unlikely so there debt piles will increase.
Let logic rather than emotion rule your thoughts SQZ will have its day its impossible not to when compared to others, the only danger I can foresee is some low bid takeover at say 30% to our current price.

Being invested here I have followed the conflict, and watched videos from both sides as the war raged, what I find puzzling is in all the vids from Azeri liberated villages is the lack of people, where are they?
I have not seen a solitary soul in any, did they flee their homes, leave their possessions livestock etc to go to Armenia to avoid Azeri rule?
Definitely no flag waving from the liberated areas, such a pity these situations have to be resolved by military means.

Nice to see the recent uptrend as the Brent price increased, today's RNS news they have gained some cash from winning the case, but it's not significant, so what was the point of the case? probably to prove a point if any company agrees a deal with JSE and it's signed if they don't follow through then it will end up in court.
Is Vietnam an area were deals can be broken without consequences and JSE wanted to change that view?

Yes, its nice to see the sp moving up after stalling somewhat after the recent presentation, dodgy dealing may have been tried with the last BOD but hopefully all the trouble that was caused then is history now and a lesson learned to keep things simple and above board.
I can't blame any company for making a move here we are a market leader with many partner's in a growth area, profitable with cash, certainly not a turnaround situation why wouldn't you try to pick it up cheap before its full potential has been realised.

That would be very nice, even if it doesn't materialise TCM are destined for better times ahead.