Member Info for senseman

the IFS are HUGE
but a fast-tracked P8 + P6 producing in tandem at say even 16k bpd at even $100 oil and OPEX $30 a barrel for just 12 months would give $350 mill NET ANNUAL PROFIT. That's 17.5p a share. And lengthen P6 economically viable end life SIGNIFICANTLY

Well done RG, fortune favours the brave, don't even be tempted yet
If it goes to 15p ask the Bentley dealer to chuck in a cheap second hand polo as a free dealbreaker...) i need a cheap runaround and 12-15p will just see me break even after much work and effort. averaged down a shedload at court time but just didn't have the ready wonga to buy what i wanted

Slava Ukraina
Pushback mid September on schedule as expected

I posted the below earlier today on ADVFN after sheepshagger posted on there 'takeover chatter at 15p" & "deal done".
i prefer news to be P8 accelerated drilling announcement, with CA on BoD's backs for 2023 Q3 production

"not yet, dear friends, not yet... are ye men or mice? a few months longer and 20p-25p becomes possible with serious more cash and P8 to look forward to. consider how much happier you would be, and how many poor souls in at higher prices will also be happier"

ooooohhh......SP bouncing up

the current epl windfall tax will remain in place. no amendments announced
so truss does believe in windfall tax
at least hur (and ca) now know where they stand (hopefully via small print)
i wish i did - still don't know if hurr spends say $80mill on P8 in 2023, over how many years epl can it be spread to tax full advantage

Jeff Currie of GS has good track record && explains well. Still sees Brent $130 by end Q4 this year.
https://www.cnbc.com/video/2022/09/06/oil-prices-do-not-adequately-reflect-the-potential-for-gas-to-oil-substitution-says-jeff-currie.html

it's article today on effect of CURRENT EPL

https://www.energyvoice.com/oilandgas/north-sea/442558/windfall-tax-wipes-out-20-north-sea-value/

it's clear truss tomorrow won't increase epl
the question is - will she repeal current epl? or stick with status quo?
none of the political commentators have had the brains to even raise the question

dalt - you writing i fought with Aduk when I did not & we invariably wrote concurring & backing each other's views. and
sonofthebull - writing i was gay (a post since removed by someone other than me)
should not have been posted on this memory thread
i have nothing further to say on the matter. i suggest we leave it at that

this thread was posted by misdosh on the anniversary of Adoubleuk, a man who for several years enlightened this forum via endless patience and knowledge, taking his own life. within 18 hours, misdosh's thoughtul post has garnered 39 thumbs ups. dive's post at 11.58 of the commemorative facebook thread and photos his french friends posted a year ago illustrates what a respected and love man he was.
this forum would appreciate if those pygmies unfit to tie Adoubleuks's shoelaces would cease besmirching the thread with drivel and post nastiness on other threads

sonofatart
whatever you say, sweet honey bunch, whatever you say
kisses x

Dalt
Aduk & senseman always sang from the same hymsheet, often in exactly the same key
As you would know via a brief trawl back
Evil Fartbottom was Aduk's smelly mosquito - even after Aduk filtered him

Daltry - no he did not. Kindly cease stirring it

Glouc - you could be wholly correct and we wake up 30 Sept to CA RNS announcing sale of their HUR holding to someone, or some kind of full HUR deal. Time for a little sleep till end Sept when all should be revealed. Nice to see SP ticking up a little

Glouc
The EPL was announced 26 May
CA RNS 30 June stated:
"...the Fund expects to return a further 10p a share (representing a gross return of £8.3 million) by mid-August 2022 and to have returned an additional 60p a share (equivalent to £50 million) by the end of September 2022....."
The 10p has been paid. So where will the 60p dividend (£50 mill) come from? CA don't make statement lightly. From HUR, or sale of most of all other assets? Their next biggest holding is De La Rue worth circa £20 mill.
If HUR, is deal still live? Or derailed by EPL impact (knocked HUR SP by circa 3p) & recalcitrant HUR BoD, causing buyer to run?
If CA 60p by end Sept comes from HUR, would surely be SP fireworks soon as time running out?
If CA 60p by end Sept comes from other CA assets, CA will be with HUR for a while longer so must push for speedy P8 as will be largely an EPL funded freebie with minor cost risk but huge upside SP potential if speedy?
If CA 60p by end Sept does not transpire, must mean HUR deal was in place buy fell through? (CA said would expect 60p but was not a promise

very nice thought, missdosh. simpatico

https://www.ft.com/content/6cb316ae-3436-47ee-a1da-3867e2dee5d5

The importance is not the 100k cut and rise back to Brent +$96 - it's the message that OPEC will act to protect high oil and has voted to convene future meetings at short notice as and when required to react to world events.
If Iran deal does not materialise and China changes zero tolerance Covid policy post this November's Party Congress, oil will fly. China currently has 30+ cities in partial or complete Covid lockdown. And US 1mill bpd release from strategic resources ends towards end October. And EU sanctions against Russia seaborn oil & related cargo insurance start Dec. Lots of impending upward pressures in the pipeline to counter any recession-induced price depression.

in perfect dreamworld wells P6 (say 7K bpd) & P8 (say 10K bpd) producing in tandem 2023 Q3 = 17K bpd with lower OPEX (say $30pb max - would be lower)
would mean offload once a month, therefore MONTHLY net profit
$33 million - at $100 oil
$38 million -at 110 oil
we can but dream