Member Info for SecretBlueprint

Yes indeed Influenza has historically been seasonal although some strains die out. This season it is largely absent so cannot replicate and mutate in humans. Man flu has been eliminated by PHE measurement. How can it make a comeback with all the public health precautions which will be with us for years?

One batch of AZ vaccine only, not the lot

Dr Hopkins freely admits that there have next to no cases of flu or common cold this winter.

Either all cases of flu and cold are recorded as COVID, or they have been miraculously eliminated in England. So why should we prepare for an epidemic of flu next winter? If there are next to no cases of COVID, then it too will be eliminated, so what is she on about?

DaveB
The nominal share value is not the market share price. The nominal value is what the company founders paid per share upon incorporation and listing all those years ago. It has legal relevance but no market relevance.

Your 4 million shares are worth £6k at the moment. Your 20,000 shares will be worth £6k after consolidation ( 200 old =1 new). New shares will trade at 30p

You might have lost £2k on paper, but you still have £6k worth of shares

"first sniff of good news."
Mr Investment ....like that free flowing RNS at Wressle? How did that work out?

S740
Pre-emption rights in UK JVs ended years ago.

How did Humber sell its interest in West Newton to Reabold without UJO agreement? There is nothing in the Reabold RNS about requiring JV permission , just OGA permission.

If Reabold/Rathin is selling, I see no reason to stop them , and Reabold is a declared "investor" on oil and gas assets, not an oil and gas company. It all explains why there is no EWT in the pipeline anymore; waste of cash.

This might be DB's pension plan, and like the last train to San Fernando, he might have to take it and run.

So much for building a mid tier oilco. Take the spike when the RNS comes IMO

One of my employers once told me "The only reason to be an operator is to control timing to suit your position". So if you are not an operator, like UJO, you have no control over timing. The EWT could be in 2024 and nothing can be done about that by Big Dave. Same goes for whatever with the flags at Wressle.

Jarrovian
Good man for explaining that. I was half way to do it. Companies could make this stuff clearer to retail investors like onemac.

I do not think you are seeing real trades in the closing auction on Morningstar. It's an iterative algorithm designed to produce an "uncrossing trade" or UT to declare a closing share price. How many times have folk been surprised by the UT? Interactive Investor used to do the same thing years ago. You are seeing a computer at work, not a broker.

Strange that he is the former Attorney General; I would have thought that was a better role. I cannot moan because he ruled in my favour over a contract down there about 9 years ago, but still odd.

Mr Investment
The only variable cost I can see is the tankerage. All other costs are fixed e.g. site lease, wages, administration, overheads, business rates, utilities, and depreciation of plant and equipment. So you have to divide your fixed and variable costs by the number of barrels you sell to get a cost per barrel. If the variable bit is a low fraction of overall costs, then the cost per barrel goes up as the number of barrels goes down, surely?

Cost per barrel is the determining factor for abandoning an oilfield if it exceeds the income per barrel.

Mr Investment, the problem is that the operator Egdon wants to use the cash flow from the Ashover Grit production to finance the development of the Pen*stone flags formation at a more optimal well location. So UJO will have to pony up its share of that. I am not sure that the sale of oil from Wressle at the moment is going to contribute much to UJO overheads in that situation.

Also, presumably the opex "per barrel" at 120 bbls/d is 4 times what it might be at 500 bbls/d, so it's not even sure any profit is being made at the moment with such a low free flow.

It's the proppant squeeze that matters and it is hydraulic fracturing after all, so the anti frackers will be out blocking traffic movements just like Preston New Road in 2019/20, tying up dozens of police officers.

Best to forget about Wressle and ask what on earth is preventing the extended well tests at West Newton, where all the value exists.

"Do you think Chevron might come to the North Basin?"

Not a hope in hell with their interests in Argentina

I was injected with the Pfizer vaccine 4 weeks ago, and the main side effect for me was to my intellectual competence , because I bought back into SNG after walking away with a profit. The vaccine deadened the brain IMO.

The second dose might be AZ and restore my sense in time for the FDA approval.

There is no such thing as dry oil, it was generated in a marine deposition environment 200 million years ago. There is always a water saturation % and dissolved gas %. That is why every production facility has a gravity based gas/oil/water separator, just as there is at Wressle.

The gas is burnt off in an incinerator at the present. The separated oil and water are stored in separate tanks , two water tanks, three oil tanks . Look at the site plan. Offshore production, the water is cleaned up and dumped in the sea. Onshore it needs to be ferried out.

Both the water and the oil will be tankered out, water for disposal and oil for refining into fuel.

There will be both oil and water tanker movements and no one knows which is which IMO.

It is pi555 poor that the operator won't say what is being produced from the facilities that the shareholders have paid for.

The market cap could go up 1000% but if the SP is unchanged through dilution then where is the gain for a private investor?

Texas is not connected to the US electrical power grid. Texans know best. Now they don't!

The tractor unit mid wheel set is jacked up. So it must be an empty tanker going in.

Its older than you think...more than 15 years.

"Information on the BPC Group
BPC was incorporated in Jersey on 9 August 2007 as a holding company for the BPC Group which
invests in an offshore oil exploration programme covering approximately 15,676 km2 (3.874 million
acres) in the territorial waters and maritime Exclusive Economic Zone of the Bahamas. The BPC Group
was founded in 2005 by Alan Burns, Michael Proffitt and Mark Savage and holds an indirect
100 per cent. interest in five Exploration Licences granted by the Government."