Member Info for ShouldveSold

mrc by all means continue to debate your points & opinion, that's what this BB is for.

I does feel to me like you are heckling whenever a chance appears.
Its ok by me to say you believe a company has been run badly or a set of Board members, a CEO or a decision is garbage and the reasons you think so.
But it doesn't look to me as that it what you are doing. It more so feels like you are pelting people with tomatoes for being invested when anyone posts something factual or optimistic.
I mean if someone posts something false, ridiculous or unrealistic, then of course highlight why you disagree.
Feels like investors wanting to make their money back is a trigger for you.

This is just the perspective I have gained. Of course you are free to call that perspective garbage.

mrc but does it help you? I mean do you find it cathartic in any way?

mrc I don't know if you feel more aggrieved than any other shareholder, or perhaps you have lost more than all of us put together on Scir. Either way, do you feel venting your disdain here the way you do, helps with the healing process?

If Aex had the motivation or ability to get KN1 back online, it would certainty change Scir's fundamentals.
Maybe its something that could be revisited in 2025 when Aex is generating cash & can afford the capex.
But back to HE1, I don't want to have to hold for another 4 years in hopes SCIR can generate enough incomes to become self funding.

Star, even though you don't see yourself as the spin Doctor, do you think its possible that someone other than you could take that view?

After the KN1 demise I decided I was no longer going to invest any more money into Solo and would stick this in the bottom drawer in hopes that one day I would break even.
Based on the HE1 potential, I think my sentiment is reluctantly changing.
I am in two minds whether to wait to see if a sub 1p entry opportunity presents itself whilst HE1 is drilling.
But getting in 20% cheaper is a bankable margin.

The Fundamentals still haven't changed for SCIR, its still not generating cash and won't be until 2024 with Ruvuma. Unless an acquisition comes within that time, I still don't view SCIR as worth investing any more into.
That being said HE1 could go to the moon & should drag SCIR with it.
I am not now thinking about possibly of this getting back into profit but more so a lower average for break even.
Its tempting. If you see a £10 buy, that might be mine lol

For most if the day it was nice to see everyone on the board happy & united and getting along with good news....

Jono I agree with your last paragraph.
Maybe on face value;  exec director would have been a more appropriate appointment for Riley.
That being said, Riley; like the other directors are in a position to lobby for a new CEO if they don't feel Eytan is competent.
Either way I see todays news as positive for the company.

Cocsure when you say "he" , I assume you are referring to Eytan. Are you of the belief that Board Member appointmennts are his decision alone?

only6greens this was my first thought reading today's news.
I don't quite understand how they have managed to lure Riley onto the board but its an amazing achievement.
I don't know how many directorships he holds or what kind of salary he would command but all that aside, his T&T knowledge can only bring value to BPC; even if that knowledge doubles the BOD renumerations.
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Spudding being decided on the OO result has been cleared up.
Being as site preparations and rig assembly isn't slowing down, they either have enough votes to proceed, or are trying to save time - but are will to spend money on site prep.... that doesn't make sense to me. But I guess we will find out in 6 days time either way.

So the CH1 oil & gas will be tied into the EACOP?

Oh I read that in 2019 I think... the Pan African pipeline. Which is amazing for Africa in general.

I'm confused. How does this oil pipeline bring value to Ruvuma?

Its great that the Tanz is investing in gas infrastructure. None of that investment has any effect on the SP. What info am I missing that has got you guys so confident in sale or cash generation?

I feel as though I am missing some information here. Like gas sales from Ruvuma are imminent because all the infrastructure has been whilst I wasn't paying attention.

Ok I know I've been out of the loop here for quite awhile with sticking Solo in the bottom drawer and forgetting about it. But has Ruvuma got an immediate route to market for gas sales?

So, with all those things in place & no pipeline built. Who would the gas be sold to?
Unless Dangote builds one directly to one of his processing plants...?

I know a few got bored of me harping on about assets being "land locked", but this was the issue I was raising & its the key to asset maturity.
Once this pipeline gets built, Ruvuma gas can be sold to customers.
I don't know how long a 370mile pipeline takes to be built in a country like Tanz. 3 years? 5?
However long it takes; its my opinion that's how long Scir will have to wait for a Ruvuma sale.

Nope. There were two. The pipeline KN1 tied into and the pipeline needed for Ruvuma.

Could be a pump & dump for another warrant exercise. There hasn't been one for a couple of months.