Member Info for senseman

Thanks pisces. prayer mats out....

Fellas - any tanker updates? pisces - by 'next thursday' do you mean this thursday 26 Dec? or a week thursday early jan 25?

Corry - beautifully put, entirely agree. Reinforces my view that attempt to buy DCUs cheaply is smoke & mirrors scare tactic

Prax new producer enables them to monetize historic tax credits ergo provides comfort it will complete - just hope it does on time 2025 Q1. We're back in hope wait and pray territory both with that and P6 retirement. Would be nice if we caught a break for once, we've earned one

Am afraid must state I don't consider Prax ethical. Out of interest, anyone know distance between AM and new producer field, and (cost aside), and could P6 be pumped to new producer's rig?

Pisces - excuse the maybe daft question. can any of the refit work (eg. weeks or months) be done with AM in situ where it is and still receiving P6 oil?

Error amendment - Laser not stating remaining 4.3p DCU cash to get us to 12.5p be made solely via P6. dependant also new producer 2025 Q1 occurring. my apology Laser.

My threepence on accounts to Feb 24, AM, & our wisemen's comments: (i) Prax confirm P6 outperforming all expecctation (ie: admit 2021 lies) (ii) Maris & Chaffe resign as directors early 23 (we said both deluded and Prax would dump them post HUR being donatd/stolen. anyone know if still there in any capacity?) (iii) P6 still at top of new reset pruduction range nearly a year on from Feb 24 reset; hence neither Prax nor BW bust a gut to end P6 2025 even early 2026 (iv) $60 mill escrow cash deommissioning costs (was HUR/our money) transferred from escrow to Prax accounts & replaced by insurance bond (v.clever), (v) reduced day rate helps us but pees off BW - too sharp Prax cutting off nose to spite face? (iv) millions paid from little Prax to parent Prax

Laser posts ADVFN current magical production sees offload every 3 months and remaining 4.3p DCU money looking good via P6 alone. danger - stable Brent $73 ish may crash if Trump 'drill, drill, drill' occurs & China remains sleepy - Prax & BW timelines shorten. hence Trump/ oil price crucial. Leading to (oil price crucial)...

Putin holds ultra compromising sex footage from Trump in Moscow before entered politics & played big man establishing Miss World in Russia. also finances showing Putin henchmen buying Trump US properties x 2 real value to avert Trump bankruptcy. russian tv airing naked young Melania photos on day Trump won election - blackmail message - 'do as I want in Jan 25 or I'll broadcast the tapes of you'. Trump facing choice - kowtow & be disgraced in history as man who gave Ukraine away & brought WW3 closer, or support Ukraine & be humiliated & face impeachment. Putin's deliemma - moment he broadcasts material he is finished via Trump's military & economic revenge. future of world dependant on 2 snakes and blackmail!! Slava Ukraini

Thanks boxer. similarity between 23 and 24 reports interesting and provides comfort. no SHs to criticize Prax so can be as lazy and slippery as they wish in keeping cards to chest

Boxer - i may be incorrect but we would still get 17.5% of the 2025 Q1 new producer.

Thanks pisces, v.helpful. given well 6's production held up better than Prax 2021 prediction and must be holding up better than that of March 2022 the obvious question is why failed figures are adhered to in late 2024. adjacent to that is why bin a currently 6.3bpd well? also, how will the 2025 Q1 new producer be served? as others point out, neither timeline nor economics make sense. Prax as clear as mud.

The inference is that Prax have pulled the AM plug because well 6 production can more cheaply be routed to it's 2025 Q1 new producer rig, rather than the new producer routing to AM. Or Bluewater have pulled because the new customer can fill up AM quicker so more profit. it shouldn't be forgotten that well 6 teaming with the 2025 Q1 new producer should lower costs hence extend well 6 economic life in any event.

the 'i'll buy your dcus dirt cheap' poster citing cherry picked info and ignoring obvious inconsistency/ questions raised cements my view it's same old trickster at it again

He writes on ADVFN that it is on page 191 of the report. The report is only 114 pages long, Please provide the correct page number also copy & paste the relevant text here for all's benefit.

Phone AJ Bell, see if any can be bought at his 0.79p per DCU2 offered on ADVFN. And does it not strike you odd that always his offered price is well below that which he knows anyone will sell at? And are you prepared to endue the hassle of transferring DCU's from your current broker to AJ Bell prior to having their written confirmation the deal was secure? Do AJ Bell have a buy order with irretrievable paid funds in place for DCU2s at 0.79p?

Work out who the poster is - it's always a good start

Newby Lippy is K Mk7 pulling folk's todgers again. He's copy and pasting same nonsense on ADVFN as newby iqboe

Get real fellas, it's boring. (i) he joined the day before he posted dcu drivel (ii) you can't buy direct from him, u have to go via dcu appointed broker firm (iii) that firm already has waiting buyers in line and you can't jump the queue

For those wishing enlightenment and wisdom via a 30 minute video

https://www.youtube.com/watch?v=7gxssycoxz0

For those wishing to become enlightened and wise via a 30 minute video

https://www.youtube.com/watch?v=7gxssycoxz0

Thanks Dive, from all. And well P6 for continuing to be the anticipated corker.

The skinny March DCU is painful. But thereafter, with the October DCU benefitting from likely 3 offloads and IF the new producer deal starts 2025 Q1, DCU payments will increase significantly. There is however a caveat - namely oil price:-

Saudi recently caught Russia cheating (what's new?) and exceeding, via it's black fleet, agreed production figures. The agreement was to limit production hence support higher oil price. Saudi, peed off, now threatens to significantly increase production hence market share. Trump, keen to lower oil price, has also promised to 'drill, drill, drill' - MAGA loves low oil prices. If either or both of these occur, oil may fall to $50-$60 - significantly decreasing DCU payments. The new producer deal starting, and on time, become thus ever more vital.

Duchess - sorry, but as others have pointed out, it's unreasonable and lazy to ask someone to spend 30 mins explaining the whole situation when you can obtain such by spending 30 mins back-reading the forum.

The short answer is Hurricane (Prax) are buying a producing asset due to commence 2025 Q1. This should roughly double daily production from which the DCU's receive 17.5% of net sale proceeds less certain costs. Hence DCU income should double. 5 DCU payments remain due. A DCU payment is made 3 months in arrears and covers production for the preceding 6 months. So March 25 the DCU payment will cover offloads for 1 July 24 - 31 Dec 24. 5 payments reman due - March & Dec 2025 & 2026, March 2027. The production cut off date for DCU entitlement is 31 Dec 2026 or if we reach 12.5p total, which occurs sooner. The next DCU payment will thus be low, the final 4 should be much higher. if we don't reach 12.5p total via production achieved by 31 Dec 2026, whatever figure reached by then is all we receive. We have a fighting chance of reaching the 12.5p maximum. Due to many variables it cannot be calculated if we will reach it or not. But even if we don't, we should get near it barring the deal not being completed or completion being delayed beyond 2025 Q1

Readers will know my visceral hatred of Mafia Putin. Murdered Navalny ('the hope of democratic Russia') widow's Yuliya Navalnyy today announced she she would stand as presidential candidate if Putin was usurped. This heroic action immediately declares her as the rallying point for all anti-Putin sentiment. But also as the prime target for Putin/KGB/FSB assassination.

Yuliya - I applaud you from the bottom of my heart. God protect, and give you fair wind.

Thanks Dive. Am enlightened. 0.5p next DCU will leave us needing circa 4.3p from last 4 DCUs ie. 1.075p each to reach 12.5p. Doable but as you say too many variables. $73 Brent won't do us any favours and with Saudi turning taps on and static China economy there's scope for it going lower. Gas price seems likely more stable. Your calcs will be interesting. Pity we won't see the actuality till next Sept DCU. We need get prayer mats out that Prax deal 2025 Q1 starts on time.