Member Info for Scotland1

Norway has drilled around 50 exploration wells in the last year, the UK has drilled none. Norway is still exploiting the resources and searching for more. Could this possibly be a hint as to why they currently have more. We cannot even get a huge new field at Rosebank going as there are legal challenges by environmental groups. Scotland has closed its only oil refinery recently, with the obvious loss of jobs at the site and with its suppliers, much to the dismay of the SNP but largely due to their policies.

Norway has drilled around 50 exploration wells in the last year, the UK has drilled none. Norway is still exploiting the resources and searching for more. Could this possibly be a hint as to why they currently have more. We cannot even get a huge new field at Rosebank going as there are legal challenges by environmental groups. Scotland has closed its only oil refinery recently, with the obvious loss of jobs at the site and with its suppliers, much to the dismay of but largely due to their policies.

Production has dropped 75% largely because of government policies and foolishly high levels of taxation. This government and the previous one were committed to net zero (growth!) so were sending a clear message to the producers. Technology would allow fields that 10-15 years ago were considered uneconomic to open again, new discoveries have been and could be made with the right incentives. How is Norway able to produce so much in the same region when the UK can’t? We will be using oil and gas for decades so why not produce it ourselves, earn the revenue, create profitable businesses and jobs in the UK rather than abroad. It may be that it takes a few years for all this to be put back in place but we still have the skills and the people so it might happen faster than expected if the dead hand of government is relaxed, we are talking of decades of revenue not just a short term response to the current crisis.

I’m confused. We’re past the initial offer date but it’s been extended? Is there talk of the offer now being 15p? Is there a date where it’s put up or shut up or can it be extended indefinitely? Is there a chance of someone else making an offer or is this not permitted?

If 1 million units is worth £100,000 then 10 million units would be worth £1,000,000.

Thanks for this, so the dividend varies and is dependent on what we actually paid for the shares not the current market value. This is what I thought as I seem to be getting 10%+ for quite a few of my holdings, I just wondered if I was getting confused.

Can someone just help me out here. Theoretically if you bought shares for £80 and they are now worth £100, you have made 25%. If you look on some sites and it says the dividend, based on the current price, will be 8% payable quarterly, if you reinvest the dividend, you would end up with £108.24 (if the share price remained the same), so 8.24% not 8%. But, as you only paid £80 originally for the shares the £8.24 is actually a 10.3% dividend on your investment.

So a share which has a 5.4% dividend, which has increased in value by 45 % since my investment, is actually a 7.8% dividend - or is it? Obviously if I reinvest the dividend it alters my cost price so that’s another factor to consider. Damned confusing this investing game.

When a developer buys land he pays stamp duty, if the land is then sold to a builder he pays stamp duty. When the house is finally sold you pay stamp duty but you also have to cover the cost of the developer and the builders stamp duty. So the final buyer is generally covering three or even more stamp duties.

I agree the triple lock has to go but there's also a huge amount of benefits need reduced or stopped. It may be harsh but if you don't work, without a damn good reason not to, you should not expect a comfortable lifestyle paid for by those who do.

F-35 are expensive to buy and many times more expensive to run requiring proper maintenance facilities. Gripen are multiple times cheaper to maintain per flying hour and can operate from a stretch of road once all the airfields have been bombed.

Not necessarily such a poor option.

You're also forgetting that Finland has more artillery than the rest of Europe and with reserves has nearly a million troops.

F-35 are expensive to buy and many times more expensive to run requiring proper maintenance facilities. Gripen are multiple times cheaper to maintain per flying hour and can operate from a stretch of road once all the airfields have been bombed.

Not necessarily such a poor option.

It might be his daily movements he's talking about.

Perhaps they might be thinking of paying a dividend again?

Some people live in hope, my hope is that I get most of my investment back, moving to profit still seems unlikely (though I can hope). I'm a glass half full man, others are more - someone stole my glass, drank its contents then smashed it. I think covid has put the world pretty much on hold, the world stood still and we're now getting back to where we should have been 18 months ago.

Laddie, I have approximately 75,000 shares in this company, I don't feel I have to add a pointless post when I have nothing new to add. I made the investment, so far it hasn't turned out well, no one forced me, so my fault, get on with life, learn from it. Enough said.

For the love of God can you not just swap emails and communicate directly in your personal vendettas and give the rest of us a break on this site.

They could have bought other shares or spent the money on fun things, instead they have put large sums of their own money, however earned, into this company. I think I'll stick with it, though I won't buy any more, I've got enough. If it comes good, yeeha, if it doesn't then it's been an expensive learning experience. Such is life.

I'm no expert here (I wouldn't be well down if I was) but I have noticed that the Directors have invested serious amounts of their own money over the last year. I doubt they would have done this if they didn't believe they would receive a decent return.

What do people think is the best option? I'm thinking of going for the cash but don't know enough to judge if it's worth sticking with.

It's a covid thing.