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County Clare is finished. The Irish have banned fracking.

"If they want to play with the pros I would suggest they start like behaving like them" ===== Fishnets and 4 inch heels at Corner Brook then? LOL C'mon well test team , you can do it.

Good evening Harry There are no charges on file at Companies House, so I expect any charge relates to the Canadian subsidiary Enegi Inc or whatever they are called. It seems odd that PVF can take an equity stake which Shard hold a security. But then again, getting Shard off the company's back was the reason for the Beuafort fiasco. We will never know until the next annual accounts.

I recall that he was one of the old team from way back, he posted on here for a while, years ago, when he fell out with Minty. If you hire these guys for who they are rather than what they are, you lose any hope of HR procedure. Did you hear in the recent interview that the interviewee was hired because he knew AM from back in the good old days? Nothing has changed. Thats not the way a PLC should hire people.

Re this T chappie Message to Minty. Adopt best HR practice when employing people. Just being family, friend, or fomer colleague is not the way to go. Its hard to fire such folk without a blowback.

And just before I go to bed, why is there a rented LPG fired steam generator and heat exchanger on site at GHS?

Don't worry Seadog, it's only money and that won't get us into Heaven, eye of the needle and all that. Fun on earth is what we all seek, and you are giving me plenty of fun. I am only an avatar after all just like you. Good night, thanks for the laugh.

Worked example? Nobody has any clue what is or will be agreed in Minty Towers, including you. You are an accomplished spreadsheet fiction writer or you are Nigel Burton.

Seadog If you believe money grows on share trees without cash flow roots, you are the wrong game. Cash is the only thing that matters. Watch what happens to the SP when LT pays for the wedding and his new Bentley

The average break even point in cash flow for an oilfield development is 3 years at todays oil price. If MFD Partners or non recourse lenders are funding it they will take the first call on cash, so you can be assured that none of it will be in NUOGs bank account until after break even . Follow the money.

Producing assets produce significant cash flow for the MFD consortium, not MFDEVCO. Ask yourself how and more importantly when it will appear in "your" bank account

Seadog I agree with you its nothing to do with equity or profit, its to do with cash flow and where the cash goes. None of the cash goes to NUOG under these arrangements unless the board of MFDEVCO approve a dividend to be paid from reserves. Ask yourself in which future year that might be legally possible. Meantime where is the working capital coming from to run the show , more placings .Like we saw in March I think you are head in the clouds to think that any deal is immediately generating cash rather than consuming it.

Good evening Jarem This humble pie of which you speak was put into the baking oven precisely 5 years ago today as the company FKA ...ABT Oil and Gas , now MfDevco. The pie crust might be a bit burnt by now. We hear much about how the reserves in these anticipated MF deals will transform the NUOG marcap, but I have a few questions you can help me with (Seadog tells me my maths is crap, so I believe him) 1. Why wouldn't the MF consortium as a whole not want the equity stake or its NPV cash equivalent in a MF deal and tell MfDevco they get management fee or get off? 2. What stops the consortium partners taking all the cash until they recover their sigificant outlay, like in NFL? 3. If these factors play out, how does it affect free cash flow at MfDevco and what stops NUOG coming back for more working capital to fund MfDevco meantime? 4. Why would MfDevco ever pay a dividend to NUOG, so how can a price to earnings ratio be forecast, when NUOG has no income other than the chance that 30% of Garden Hill will turn up?

Lot of posts deleted from 16.00 Someone is twitchy about them

Good evening Seadog I will be the first to admit I am wrong if I am wrong , pity you qualified it with this "transformational" word which we are all sick of hearing and is meaningless.

It does not matter what the directorships are for, and social and family firms can consume more energy than regular firms. There is an old adage that you cannot supervise more entities than there are days in the week. I am questioning the guy's focus as CEO when the SP is plunging and nothing is happening.

Et tu, Brute...

Good evening Seadog "Transparent" ....what on earth are you talking about. I am raising issues and you seem to appear whenever I do. I think you are stalker. If i ask a question about someting I dont know, that is not an agenda or provocation. In my view you are married to this stock and cannot talk about it rationally

Good evening Harry. One can use your analogy of blood thinners, they are called pour point depressants, and they reduce the temperature at which wax in crude will solidify by injection into the wellstream . Common practice for waxy crude production. Downhole pumps help reduce gas breakout in the production tubing , which prevents waxing and insulated tubing helps even more. No mention of any of this in previous well tests. Normally the highest API gravity number you expect to find any wax is 45. At that gravity the wax adds no value to to a refinery of a yellow crude, which is what GHS is supposed to produce. So I find the interview comment about wax intruiging. But to be fair the interviewee was likely reading from a script, because he quoted a basin comment from a poster on here, and the guy is a "pipe strangler" not a geologist.