Member Info for SecretBlueprint

..gets a 100k bill from his builder and within an hour or so, knocks 4 million off the market cap. Thats tight liquidity!

16.33 was in the middle of the closing auction with 2 PMEs , so how was it executed at that time? I think we are just seeing a poor LSE data feed as is often seen. 18.33 is long after stock exchange data feed closes. The London Stock Exchange shows it as a delayed publication reported at 16.33.

I agree it is very odd.

Marked as a delayed report, so without knowing the time of execution, it's impossible to say. Had it been a sell side trade, it would likely have arrested the price rise, surely? So probably buy side.

Initially I thought that the idea of fractured basement reservoirs was fantasy, but having read what Trice was saying it sounded plausible, and opened up a new oil province from WoS to Northern Ireland.

I have no position here but I am immensely disappointed that such a vision has evaporated.

I can only think that Trice was obsessed with his vision and would heed no counsel. Water is the deadly enemy of highly permeable fractures.

It was 7p twice on the same day, but they were intraday auction UTs, rather than market trades.

Part 2
The historical low recovery factor from KA reservoirs had been early water breakthrough because of high permeablity in the fractures. Water overtakes hydrocarbons and causes water coning and early abandonment.

The world has moved on and there are mitigation technologies. I thought that the original A2 EWT was designed to see how quickly the water arrived so that engineering solutions could be designed, so I think it was a big mistake to "pause" it.

According to the operator at West Newton, the recovery factor for gas is expected to be 72% and for the oil is expected to be 25%. This information is in the public domain, and must be based on geophysical data. These numbers are percentages of gas in place and oil in place, which in turm depend upon factors such as water saturation and reservoir pressures.

The 13 % number is the average fracture porosity in KA, which is about measuring the volume of oil and gas in place, not about the recoverability of that volume.

I think there has been some confusion here, surely?

Didn't it all go downhill after Trice invented the idea of an inclined OWC to explain away the water?

It is an urban myth, for sure. It's a self perpetuting one because the folks who profess to believe it are the ones doing it. Market makers have no need of such crude analogue communication in a digital world of WhatsAp and SMS.

I confess to doing it myself for fun occasionaly. There was a big pi investor on Eland, a Nigerian oilco, who called himself "Jumbo". I would buy 747 shares and say it proved Jumbo was buying!

However there is no doubt that the process of lodging an announcement into the RNS system with an embargo for publication the next day, rather than immediately, has scope to leak. Nomads, PR people, brokers etc are all prone to pillow talk.

They plan to list on the Standard Segment of the Main Market of the London Stock Exchange

https://www.hbcg.co.uk/wp-content/uploads/2019/02/The-essental-Guide-to-a-Standard-Listing.pdf

....is suing AZ for breach of contract, when the published contract specifically disallows such an action. It will go down like her previous disaster as Defence Minister in Germany when she sent troops into a NATO exercise armed with broom sticks.

It's this UT effect. There were two PMEs during closing auction, as RNSd, and an eventual UT of 6p at 16.45, so that is the price that Halifax uses as the closing price. LSE seems to have a different logic to display closing price above. As I understand it , the closing auction UT is the closing price by definition, because that is the purpose of the closing auction, unless someone with direct market access puts in an after hours trade, after the auction.

It's all too messy, and beyond mortal comprehension, just to comply with "rools"

Godders

I think you are confessing to Stockholm Syndrome

Giles

I think the problem with LSE bid/ask/price is not to do with website algorithms, but the MIFID rules.

Even though the opening spread was 4.70: 4.90, there was an auction at the open and the uncrossing trade (UT) was 4.58, and that automatically becomes the SP until trading proves it different. The same thing happened after the close. The UT was 5.70 but late reported trades reset it to 5.60, even though they took place hours earlier.

It's a nonsense invented in Brussels to make things more transparent for investors. In that sense it is a total failure.

Just to be clear, as Tony Benn once said, "if the facts change. I will change my opinion". I have followed his advice and I have changed my opinion and I have been accumulating over the last week or so.

I think you have the wrong Navitas ..................

How can a government give any assurance beyond the lifetime of a parliament? If Corbyn had won the last election he would have handed FI over to Argentina; perhaps Starmer will if he wins the next one. This is the real political risk, not the antics in the Casa Rosa

So, ask yourself who loses money?

The defendants, simple. Whether its a car crash or a libel action or a ECT case, the defendants pay and on average they pay more than they insurance premium or litigation funding. That is how it works.

I think you are missing the point Spacehopper. Insurance companies never lose money. They have actuaries to make sure the premium exceeds the loss, and they are experts in the statistics of winning and losing. If the historical rate of success in no fee no win is is more than 50% then a 50% fee will mean drinks all round. You cannot do due diligence of a court case, surely?

Yes. I have been on it myself, usually around 20% capacity for civvies, but 18 hours watching Top Gear video can be daunting. Airbus A 330 Voyager, just like Boris' jet. Smokoe stop at Ascension, Azores, or Dakar depending on logistics.

Mod Airbridge Brize Norton info....From the 1st of March, ALL personnel and dependents aged 12 and over must produce a negative PCR Covid test result in order to FLY. The test must have been taken 120 hours before the departure time. **** *** NO NEGATIVE RESULT = NO FLY ***

Chile and Brazil on the Red list for Latam flights so you wont get in via Punta Arenas, Santiago or Rio.