Member Info for RNSTranslator

“ I only care about moving forward”
Unlike the shareprice …

Ooooooooooooh !
A bit close for comfort eh!
You never did tell us all how you knew the layout of the inside of David’s house did you…

“ this will mean that 'glossy' 100 page brochure will be visiting the institutions.”
I heard they asked if it could be printed on Andrex rather than glossy , as it’ll be more useful to them.

No I haven’t t had sight of it, do you think I’d be posting on here if I had inside information.
I know from first hand experience how these reports are commissioned , validated and prepared… it’s a 3 month job +/-.
After 9 months there’s a problem, either initially the wrong answer, or it’s being extensively renegotiated.
It’s self evident from the released info on flow rates that the recovery factor will be increased…
You call it arrogance, I call it experience.

Maybe I just see the shareprice going backwards.
I just happen to know what I’m talking about and you don’t… it’s that simple.

Mirasol
The Horizon energy partners presentation Heid previously referred to inn2021 (on ****ter)has been taken down…seems they’re now chasing carbon capture and talking to wind farms…
‘Nuf said.

Mirasol, this was last years version of the infomercial on the Zechstein,

https://www.geoexpro.com/articles/2021/08/revealing-the-intra-zechstein-hydrocarbon-prospectivity-on-the-uk-mid-north-sea-high

For those of you wondering what Heid has been reading under the covers with her head torch.
It’s probably this:

https://www.geoexpro.com/articles/2022/05/uk-mid-north-sea-high-defining-and-de-risking-exploration-in-the-zechstein-play

In effect written by a company selling seismic data , a sort of infomercial. Happy to hear if there’s more out there You’ve found Heid…

“ As you must be aware RNSTranslator, there is another drill sheduled this year besides West Newton in the play.”

Indeed I am aware. As I’ve mentioned previously Shell are planning to drill Deltics, Zechstein “Ossian/Darrach” type play. Which is a different style to WN, being “reefal” build ups in a more basinal setting, rather than the platform margin play (as it turned out!) at WN. The WN play is more similar( but not exactly analogous) to Egdons Resolution Zechstein play where Shell recently decided not to shoot 3D or indeed drill a well.
Happy to help provide you with the full facts , although I know you think this is showing off rather than being helpful information.
If you have any other questions where you are uncertain of your facts, please feel to post them and I’ll try to help.

Don’t do Twitter, as Someone once said “too many tweets makes a ****.”

"I am reading about new high quality 3 D data obtained in the Zechstein play."
Tell us more Heid, they already have 3D over WN and still drilled B1 in the wrong place.
Is it that 3D you are referring to or some 3D somewhere else?

“I wouldn't even give you the time of day countering the rubbish that you have written.”
You simply can’t counter facts can you..

“The share price will rerate. We hit 60p on two separate occasions with Union Jack not being no where near this great shape.”
Yes it did, based on what? Hope and transformational hype and some folks saying 60p was cheap and predicting £10/£6 or other such fanciful numbers.. Since then we’ve had more placings all poorly executed, an about turn on buying more royalties. And of course historic lows of 11p (0.055p). Of course a Wressle is producing well in a buoyant oil price environment but despite all the RNSs and increased cashflow the shareprice is stuck… anyone with a modicum of common sense can see that there is a degree of “I’ll believe it when I can see it” a lack of trust in management based on a history over over promising and under delivering, as well as a lack of new buyers as those who’ve had their fingers burnt queue up to try and get their money back..Pretending otherwise just undermines any credibility as a serious commentator on UJO. Once the GC report is out then we’ll see an increase (as I’ve repeatedly said) before that it’s all just predictable noise already factored into the price.

“He fails to mention Exxon Mobil lost $22 billion 2020 & made $5bn Q1 2022.”
And what you fail to mention is that these numbers include write downs and then write backs. When the price of oil/gas falls they have to write down the decreased value of their fields/stock from their balance sheet, when it rises they have to write back the increase in value. These are not actual cash amounts related to income. All the majors “lost money” when the price fell, but as far as I recall they were still cashflow positive. Likewise they’re now writing those values back onto the balance to reflect new book values.

Put in a sell order at 90p
Heid will buy them as it’ll give an 11% return in 6 months.

“The buyer would get a tax break on almost all the development costs of approx £100 million they would only have to stump up about £10 million.”
Utter nonsense.
If you spend £100mm in development Capex, you will get a tax credit of approximately 65% (inc windfall tax) of that to offset tax on current or future profits. If the buyer is currently paying tax then their tax bill would fall, if they’re not then it just gets carried forward until they do pay tax.
Pretending that if you spend £100mm on development that the government sends you a cheque for 90% of it is nonsense.

“ You call me an amateur, so I do not know why you want my opinion.” Because either:
1: you don’t know why
Or
2: you do know why but don’t want to say .
Interested to hear your view on this rather than the price of gasoline in the back woods of Nebraska…

“ I am happy doing my own little thing here and confident of great things.”
Perhaps you could do your own little thing where it might be more appreciated? I’m sure there’s an open Mic night at your local ‘spoons…I’m sure the regulars at the Dog and Ferret will lap it up…

“ Everything is going up.”
Except the share price… why is that Heid?
Time you shared why that is with everyone.
You’ve avoided it so far…

“I see low risk with Angus on the basis any delay would see a strong recovery with patience as the gas will come on line. I wasn't aware of a time constraint in terms of their supply contract”
They have to supply 1.125mm Therms in July (and Aug & Sept) for which they will receive about 41p per therm. If the field can’t supply it then they’ll need to purchase in the market, currently £1.40/Therm.
You can do the maths…any delay or under performance is painful. That’s why Understanding the potential downside risks of an investment is important. Simply “believing” is not investing.

TAC, Mirasol noted that ANG would have to buy gas in the current market to deliver on its supply contract if the field isn’t ready…don’t you see that as a significant financial risk?
Or weren’t you aware?