Member Info for Sageman

FWIW - My posting history shows that I have held for some time. My B/E is 2.3p . This is 2% of my portfolio so I can afford to relax. I cross my fingers and expect a profit.

HITS does not talk drivel. The bit I don't understand is the constant repetition. Any well researched investor knows these numbers. It is all about the gas - how much, when and thereafter the sidetrack. It is also about the gas price (which may rise or fall Ukraine war dependent). Depending on your view buy, hold or sell. In the meantime GL continues to prove that the management team are incompetent. Delays, cost over runs only rescued by the ukraine war pushing up gas prices. George if you are reading you are a total wombat (waste of money brains and time). If you worked for mre I would have fired you for gross incompetence. Thank god for gas prices.

GL said we would see 1st gas within hours of 1st June. Then circa 27th June and we now we have a new RNS. More delays and the comment about production volumes worthless without flow to test. It is all about the gas. We still don’t have any just another delay. The sp has gone down again as a result. Our management team are worse than useless . Had gas not gone up massively since our due diligence we would now be bust. Pure dumb luck which I will happily take but management are woeful.

Agreed Howey, it’s all about the gas - natural gas but in the absence of gas hot air seems to be freely flowing here. Pointless really. The outcome is binary and we all know the variables. Patience…

It all seems very strange , big price movements yet volume is low with circa 2.5% of the shares traded. Normally when people “know” you see volume. I never hold more than 2% of my portfolio in any 1 share so I can afford to be fairly chilled unlike others who are balls deep. I must admit to be baffled as to the share action. GLA

Interesting posts today. The sp reflects one thing…it’s all about the gas. Today there is no gas. If you believe in gas in June and sidetrack by October hold/invest. If not sell/avoid. This remains binary with people unwilling to place further stakes. So basically George it is time to deliver. ??

For me 1st gas and getting to 1.5m therms is the key milestone. Thereafter it is truly game on. The side track will happen albeit they will inevitably face problems. It would be great if the side track works 1st time but if it takes another 3 months it does not matter. I expect this winter to see record gas prices if we can be at 3 therms plus by November then the company finances will be transformed and the sp will multi bag. Fingers crossed and patience.

Caravan boy there is zero chance that the hedge will be renegotiated. It is legally binding and very profitable but sadly not for Angus!

Bobrad, we await gas. The rest is meaningless hot air especially your pointless daily posts when we have told no gas until the 20th!

I think that the FCA class investments as having a 3 year plus time horizon and all fund managers look to diversify typically with at least 40 holdings. Most PI’s in small companies tend to be looking for short term gains but are prepared to hold longer if necessary with many trapped by losses. You then get the 10% crew and day traders. All sorts and and each to their own . Whatever the strategy a bit of respect and humour goes a long way.

Well spotted Jiddy. It went to 38 =24 and then slipped back to 35 = 22.25.

Tandmeister, I get the joke. However, whilst the U.K. is closed the share has been trading and we await news . Indeed we have just spotted news regarding CUDA. So actually not surprising for people to be checking in. XOP closed at 24p equivalent whilst U.K. markets are closed. Something to smile about over the weekend. GLA

Plato please forgive me but I have just read some of your posts. Are you aware that this site is for investors in LLoyds bank? I fail to spot anything about investing in LLoyds. When you speak about investment you say you lost 145k out of 150k with most of your investments going bust. It follows that you are bad at making investment choices and probably bad at other financial decisions too. I then read your posts and just sigh…good luck but please give it a rest!

Silly buttons where are you getting the information about the 49% being hedged please. Thanks

Tigra, as I said we now have a binary outcome either the gas flows in June or it doesn’t!

Ocelot the RNS says that 70% of production is now unhedged!

Please correct me if I am wrong but I believe that the 49% we have just purchased is all unhedged. This means instead of having to meet the hedged volume from 51% production we can meet it from full production. Assuming we get gas in June this substantially derisks us not hitting hedged volumes in the early days whilst we are tweaking. Similarly it means that the sidetrack will be more valuable in terms of early cashflow. Accordingly this is now binary if it flows,we get the sidetrack and gas remains elevated through 2023 the sp multi bags. If not…

James everything you say is true but then a miracle occurred - gas prices went through the roof so that despite complete and utter incompetence we can still win here. If we get gas and a successful sidetrack combined with elevated gas prices in 2023 the money will flood in and the sp will soar. Management will be the lucky beneficiaries of selling product at prices beyond all expectations. Personally I don’t care why the sp rises I just want the sp to rise.

Apologies but my last post was not for this board! We do oil not gas.

Unless I am seriously mistaken we will have 100% of the production and no increase in hedged volume. Thus the hedge poses less risk to us. If we get the sidetrack and gas remains elevated our finances will be swiftly transformed.