Member Info for Sageman

Boris is hated by the senior civil service. He stopped their Euro gravy train and they have an agenda to return to Euro and that means get him out. Who do you think are taking the pictures and leaking the stories to the media? No10 is an office block full of civil servants why didn't the office manager warn him? The staedy drip of negativity is being very cleverly orchastrated. I am no fan of BJ but can see exactly what is happening.

I read all the positives here and excellent posters like Tilburn and then I look at the SP. I have a rule not to invest more than 2% in a share and thank goodness. My last top up was circa 20p. I thought I was getting a steal of a deal with that final tranche and here we are at 15.5p and falling daily. This continues to make no sense . I sit and watch hopefully but am extremely puzzled. GLA

its all about the gas - how much and when. Thereafter the POG - how much and for how long. In the meantime all the sp speculation is of zero value.

Well Bum, actually sp is up today so you got that wrong. The next bit in your post is wrong too. This is not an oil price tracker . However, in 2020 when oil traded negatively and was under $20 the sp hit 7p. As oil has gone up and hopes of debt repayment etc have risen so has the sp. However, not in a straight line. Sentiment plays a large part. I started buying at 7 (by luck) and have a BE of circa 25p. I am very happy because for me the trend is up. The sp and oil price are correlated but don’t track each other.

Bumbum “ the oil price has nothing to do with Tullow sp”.

I think that is the most ridiculous post I have ever read here. Lol ??

There is nothing quite like reading the annual accounts when this board is so full of negativity. Forecasts based on $75 for the rest of the year. Actual is considerably higher! I think I will ignore the carp here and hold my investment. GLA

Howey, check out the increase in the price of commodities and how they escalated as war approached. Without that we would be lucky to be at 0.5p. The upside here is 90% driven by the hope of selling the balance from the sidetrack in excess of the hedge at between 150 and 300 per therm. At 50 it is much less appealing and without the sidetrack…The sp reflects the fact that there is still no gas long after when George promised .

Asher with all due respect you could have said that at many points in this journey. Saltfleetby was sold to us as a saviour but based on very different timescales and budgets. If you rely solely on pure luck with your investments you may as well go to a casino. Personally I prefer research. I am happy to accept the luck and escape with a profit but ….GLA

Asher - lucky you. You arrived late at the party and are in profit. However, do some research and look at GL’s track record. How he sold Saltfleetby to us. The initial due diligence. The devastation of the sp. The massive mistakes in budgeting, the delays. The mismanagement. Many here have every right to be extremely annoyed. Were it not for the war in Ukraine the company would be bust. Lucky Lucan but pure dumb luck . I expect to escape in profit but solely due to the massive increase in gas prices .

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.