We would love to hear your thoughts about our site and services, please take our survey here.
"Lyndon, I agree - I want cash so I can move on and get trading but I haven't been 10 years here to earn a pittance! I want us to have options so we aren't stiffed with a low ball offer! "
Crudehope, in one of your posts over the weekend (don't know which, there were so many) you valued the Horst at $100M - $200M. What utter nonsense.
Tableleg, as I have been saying for a while we are being conditioned to accept a bid that grossly undervalues the assets that we have. Judging by the posts, most people are happy with 50p for the whole lot. So the conditioning has clearly had the desired effect. I do hope we are not now being conditioned to accept an even worse deal. Following the GRH expose last night, can we really trust anybody on here? Can we really trust Crudehope? Absolutely not.
But it is a good plan actually. What would be the point of accepting 20p for the rest of the license to see somebody else drill and find the riches?
£250M for the Horst probably means that they could return a sizable amount to the shareholders.
Crude....you did say 10p to 20p. For TE5 Horst. That is ludicrous. I would certainly vote against that.
The funny thing is that 250SWB made out that he was some big shot in the industry. Now we know that he is Graham from a Company whose desk phone has rung once in the last two years. And even that was somebody selling PPI compensation services. Bless.
Quite the opposite partridge. We are now saying that the Lycra clad chubster is none other than that bloke from Scotforth. But of most interest to SOU is that Graham from Scotforth thought that he was posting his rant from the (what used to be) anonymous 250SWB username....but was instead logged onto his Graham from Scotforth username. Oh dear. Which is quite a boo boo professionally.
Interesting to read 250SWB's posts in view of his unfortunate (for him, but very funny for us) self exposure as GRH. 250SWB didn't have a clue. GRH's professional credibility is shot. I wonder if SOU take legal action. What a tangled web indeed. Joe, I agree with you. I would be happy to go again at SM.
Tableleg....it is 250SWB. He talks about the trading plan. The GRH avatar never did It is clear GRH meant to post that last post under his 250SWB username. Oh dear. Oh dear oh dear. Luckily I have copied it should he decide to ask LSE to remove it.
At least we now know that GRH is 250SWB. What a tangled web we weave ........
Blimey. GRH truly is very bitter that Sound didn't employ his dubious little Company to practice it's mumbo jumbo. isn't he?
Wow. $20 pb? The EIA would be interested in your workings out for sure. They have it closer to $100 in 20.years time (at 2018 prices .... inflation will be on top).
You are becoming a bitter caricature of yourself I am afraid Trellis.
Trellis. No need for my forgiveness because your dubiousness bothers me not in the slightest.
But maybe your liquid breakfast has clouded your ability to process words. Again.
Where have I left the £2.00? Have I said that I would accept 50p?
Would OGIF be happy with a straightforward 50p? Nah.
Would OGIF be happy with 50p plus contingent payments? Almost certainly yes, because it keeps them in the game.
Agree Longwait. Many folk are blinded by the current share price. The current share price is nothing more than a reflection of the mood and sentiment of the PI. Not only as far as SOU is concerned, but also the majority of other O&G Companies on AIM.
The good thing is that majors (if that is who are looking the Company) tend to look at the bigger picture and will understand the valuable licence.
As I said yesterday, if we end up with a cash offer of 50p a share or less, JP will have spectacularly failed to get full value.
Thanks for that explanation WTD. It would be interesting to see how the majors model the oil/gas price because, like us, their costs (labour etc. etc.) would also be rising with inflation.
WTD. I don't understand why there is no time value component to the mist important variable. If the model ran for 100 years, we would still be assuming $8? That sounds highly illogical. At the very least it should be taking inflation into account. But then I am no accountant. Over to you SO!
Let us not forget that the price per scuff will be linked to the price of oil. In the interview with Malcy, JJ said that today it will be valued at between $8 and $9 per scuff.
Jaykay. You also need to research the time value of money. You are assuming a continuous $8 per scuff for ten years.