Member Info for Rookie1

Same mate, it will fly if ukef back it but I just see it as a lot more risk than here.
Anyway, sorry for off topic guys.

clutching pal.

The probability for the contingent resources to become economically recoverable is significantly lower than for proven, probable or possible reserves. contingent resources should be considered as speculative.

I know the exploration upside is huge there with Isobel looking likely to dwarf sea lion, but that’s an if, even getting sea lion off the ground is solely dependent on UKEF now imo.

80m 2p for phase 1 40% of 200M and Pmo own 60% of it all.

Just looking at rockhopper in the Falklands,90M mcap with 80M barrels in a completely untouched and remote area.
Jog 50M mcap with 120m barrels in a already proven hub sourounded by infrastructure. If Equinor take up the option and jog can negotiate a free carry some how, this has to be treble today’s sp in my opinion.

its Painful reading the desperation for a lower entry price from posters. Just pay the money and get in, if your not interested why are you even wasting your time?

Was a lovely surprise to me. $2-3 makes a huge difference, that’s a nice dividend payment of $16m -$24m in itself.
Then add circa $30M per year of tariff revenue from forties and we have $50M a year to play with on top of $240 ebitda, incredible.

I feel like this interview tommorrow could be the light to the touch paper. 20’s coming soon and I can’t see much resistance until 300M mcap

I’ll be pleased to see a tr1 and hopefully the last of cavendish selling. Can’t be long now

This is a coiled spring.

.

If Equinor decided not to farm in but buy all of jog for say £120M you wouldn’t be happy? I know it’s very cheap but that’s around £6 a share.
£150M sounds better though.

We are heading for 250, just added another 10k. Target price £6

70-30 split with a free carry to first oil. Straight to £150mcap Would be nice.

I read shale is being propped up by bonds similar to the mortgage bonds which were sold and caused the 2008 crash.
They keep selling bonds to keep funding exploration and maintaining production rates but the debt has already overtaken NPV of most assets already.
I don’t know how true this is, or how people can be so stupid to buy these bonds, must have very short memories if this is true.

https://www.wsj.com/articles/oil-and-gas-bankruptcies-grow-as-investors-lose-appetite-for-shale-11567157401

Do not sell a share, when oil hits $70-80 again this is a £40-50 stock as it stands.

Getting eaten all day.

Something along the lines of, we have decided to privatise the company and will buy all shares back at £35 would be ideal.

Did anyone ever find out what happening to the extra 2k which was originally quoted in the marathon deal? Or do we think 22k is the conservative figure and we could actually be pushing 23-24?

Ah bastards. Lse is useless