The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Redundancy will depend on the design of the plant affected with these liquid flows. if the issue is in a shared section (common header) of piping with no satisfactory isolation then shutting down may be the quickest and safest way to get the job done. I doubt there is a problem with liquid storage - as I understood it is gas storage that is the problem but I doubt that is the factor driving decisions here. I hear your frustration Moleinahole, me too! However, we just want cool, calm, thoughtful heads to solve the issues as they come along. Engineering and production plant problems can be solved with care and awareness. I would hate to see our investment be wrecked by ignoring issues and not addressing them. I am sticking with this.Perhaps this type of investment isn't for everyone.
Not uncommon to have to debottleneck aspects of process plant. The GOR (gas/ oil ratio) must be reasonably high and , although it was expected the reception facilities may not have been designed in previous use for the flow rates found now. Condensate is a valuable commodity and should be welcomed as it will enhance income. Ok so the facilities will need short shut downs for modifications but even our cars go in for a service, new set of tyres or the latest sat nav to be fitted. Better to get this sorted now rather than when even more wells are in production.
I would settle for a barrel of oil for every rns issued with a promise of jam tomorrow. If only SS and his colleagues would have a meaningful dialogue with shareholders. Where is the clear straight forward plan of action for the company? A dabble at this here, vague suggestion of something there isn’t a strategy. Pipe dreams!
Great to read in the Norther Echo newspaper (14/05/22) that Severfield has been awarded a contract in connection with the construction of a new 314 metres high replacement mast structure, weighing more than 200 tonnes, at Bilsdale by Arqiva. The original mast was destroyed in a fire in August 2021 and those of us that relied on it for our TV signal suddenly found we had to find some other way of entertaining ourselves. The temporary fix that was put in place has been reasonable but it will be nice to have a permanent solution using the know how of Severfield who are based in nearby Thirsk. All good!
This share plods along nicely under the radar. A long-term hold for me.
Good to see the directors are arranging their performance options. If they want them to be beneficial they will have to make some gains for us all too........ except that I will not be along for the ride. I sold out my tiny holding, and I mean tiny, for a profit of 55p today. Well a profit is a profit! JP has disappointed for too long. I hope he makes all Coro shareholders very rich indeed. Good luck!
Not sure why we have extended our option at Broadford Bridge. Is it going to be used/ developed as a camping site perhaps or are we actually going to do something oil/ gas related with it? Likewise the IOW? Not making an appeal against the planning vote so are we going to relinquish the licence, find another potential drilling site to apply for or going to keep it - just in case for ........????? Are we going to drill any more wells at Horse Hill or not? How about the romance of the Kimmeridge is that just a one time myth now? UKOG does not seem to have clearly defined direction, just a mishmash of ideas that will happen .... maybe .... sometime. Or am I being unfair?
Very happy with my TRR holding (among others) and find the comments interesting. Does anyone know of a US version of our LSE site that has the same sort of chat option we have here for UK shares? I have not come across anything for the US markets so far. Many thanks.
Having placed my holding in this share on the back burner (yes, well under water!), I have neglected to do much (if any) follow-up for a while due to other things going on on the home front.
Today I looked at this board and am grateful to those of you who have referred to the Brr interview. I had missed it. Interesting explanation of where the CEO's think we are regarding West Newton at this point in time and adds to the related Rns. For me the lack of any indication of a time table for subsequent actions they are considering is concerning. Surely they must have some sort of time based plan? Other than de-risking by gaining some flow from vertical wells (presumably that would also provide some income) there was no mention of the possible funding requirements even in a general sense. I need to do more homework on this share.
I have exactly the same problem with viewing lse on my ipad. Not that much improvement on my iPhone tbh. I know lse wants to make money but I feel they are going to far with some of this advertising versus customer experience. It’s very off putting and getting to the point of not being worth the effort. Customer frustration associated with an advertisement may not be the best way of getting a msg across in my view.
Yet again Bids tells us about another tie-up but no meat on the bones. So what value does this actually brings to BIDS? It is fine and dandy making deals but we need to see revenues streams and profits from them. It is about time the CEO started to bring shareholders into the loop. Saying nothing is a concern.
This is all part of the democratic dance that the fresh air propelled combine harvester driving community and their nimby friends like to participate in. The protest lobby will continue to drive their plastic constructed cars without the slightest twinge of conscience for the emissions they generate. No doubt as they lean against the nearest farm gate sucking on a straw, they will tell anyone who will listen how they will get their goods to market without the use of any hydrocarbon related fuels. Their elected representatives meanwhile can, and will, put up their council tax bills in anticipation of the legal costs that they will surely incur. The concept that is it less polluting to produce oil and gas on the other side of the world and transport it all the way to the UK by ship, before burning it here is a nonsense. We all know that hydrocarbons are going to be used for many years to come even as we (hopefully) transition to renewable sources of energy. Spouting hot air in a council planning meeting, rather than addressing matters that can be controlled locally and responsibly, only adds to global warming by delaying taking appropriate action. At least it will keep the lawyers employed and we can all look forward to normal service being resumed after the appeal. Is that the music I hear? Tango or waltz anyone?
It is good news that Echo is making progress. I probably need to read the rns again but does anyone else think the information could have been set out in a more readable form? No indication for their hoped for production from the remaining six closed wells. Perhaps another rns to follow in the next few weeks.
Lucky-Strike. Your comments may be missing something perhaps? I wonder does anyone need to be abusive towards fellow posters? I can assure you I will be more than happy to see this share price move up - but in a sustainable way that reflects all aspects of the future prospects of Angus. Since GL came on board he has made excellent progress with moving Angus from the rather unsatisfactory mess it was in, to having some sort of future. There are bound to be problems. As a shareholder, understanding fully the challenges the company faces is part of the process of determining, with some meaning, what the impact those challenges will be on the future progress. A holistic and inclusive view of all published information is therefore helpful. I was hoping someone might, constructively, provide some insight to the question I raised, i.e. how can we find out more detail of the 'significant invoice' and thus liability (and including potential expensive lawyers fees that go with such a dispute) that Angus faces.
I hope you have a wonderful day today.
Best wishes, Seedcorn.