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Thanks to everyone for posting your comments and notes of the conference call yesterday. It is REALLY appreciated. I'm away on holiday at the moment with my wife and kids (and banned from spending too much time on bulletin boards this week :-) I'm just having a sneaky read up whilst Mrs Scotty is still dozing ;-). At this stage I will be taking up my 3 for 19 offer and supporting the board.
Thanks GG. Normally I don't take the bait from the likes of Denzil but tonight I felt like it for once... oh well
Agreed.
Not sure if that was directed at me but I hold my shares in years not days. I was just looking for some insight from existing LTH'ers.
or are they delayed buys dressed up to look like sells.
Hi All,
I've been looking at buying BLOE to move some money from one of my other investments. Does anyone have any ideas who the 1 million block seller is likely to be today?
Scotty.
Good luck Flabby. Completely respect your decision and hope you find the share to replace IOG a little easier on the stress levels. All the best.
Hi Workover. Thanks for replying but my question was with regard to risk. Nobody has said that Harvery is a 100% dead cert have they? Maybe I missed that post but even without Harvey there are still 303 BCF 2P + 108 BCF 2C resources to be developed (411 BCF) there is the remaining Goddard of 73 BCF prospective to be realised, so approx 484 BCF in total without Harvey. Harvey in itself at prospective 129 BCF is +/- 25% of the overall portfolio. Who thinks that even worst case Harvey is a complete duster the other assets (of which the majority is proven) won't be developed?
Who on this board has posted that there are "no risks" Workover. Please tell me?
If that's what you really believe Flabby, sell up and take your 40% loss on your 23p average and go and buy another share that you believe in the management to recoup your 'loss'. You're being too emotional for some reason for someone that doesn't think the current management are up delivering the value of the underlying assets. There are other shares out there.... I'll say it again if you really believe what you typed in this post why are you holding on as surely based on your assessment the only way is down for the share price? Scotty.
One word Investor81. Colter. DYOR.
I can still live with my diluted investment with the sustained average 10 year production of 1,000,000 therms per day @ 27p per therm profit based on average gas price of 50p per therm giving annual profits of circa £95million, more than double that at peak production with Harvey and Goddard in the mix if I remember rightly. On top of that any 3rd party pipeline revenue coming in and additional licences we might pick up along the way. Good investment or not... Guess that's why RRE wanted a piece of the pie and why I'll be hanging on for a while longer.
JHolder. Wishful thinking...
£350k investment, small change for a guy with a net worth of £87 million ;-)
Trust me, some of us do care Lintott75. I'm not sat here with my shares for the fun of it. Same as you I'm sure.
WTI just gone back over $60, would be a great time to get production back on stream.
Great post Aligator. Well said!
I know there's still a way to go but give yourselves a pat on the back this morning if you didn't panic and sell out with all the negative comments/trolling in the last few weeks. Of course, we'll all be feeling a bit more comfortable with our investment this morning after the RNS. Good luck all.
Sincerely hope you are right Mannan.
I don't typically average down but in this case I decided to. Don't ask me why I did then! Hopefully I won't live to regret it. Time will tell.