Member Info for Simon_Said

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Probably best for everyone if we drop the Wytch Farm thing. It's troll-fuel, as they focus on that theoretical claim as an 'easy target' since they haven't really got much on the reality of the project which is going swimmingly.

The whole Wytch Farm claim is often misunderstood, and indeed David Bramhill distances himself from it. Nobody was saying this one well is going to outside the whole sodding Wytch Farm oil field - if you know anything about the history of Wytch farm you'll know why that claim is so absurd you couldn't possibly think anyone was actually claiming it.

The claim was rather that theoretically, if the areal extent of this hydrocarbon deposit covers the entire license area, then it's a vast national resource and could indeed potentially rival Wytch farm, eventually. Of course it's not clear in those statements if it means total historic production, or day rates. The latter is not such an outrageous claim as Wytch Farm has been in gradual decline since the late '90s. The recorded peak production back then was 110k barrels per day, nobody is claiming that for this well, lol. But it goes to show what can be possible after these appraisal drills once a solid geological model is proved up and a field developed to its full capacity.

That's why proving up the size of the deposit is so important.

Would be nice to see oil prices helped by something other than OPEC cuts for once. Winter drawdown coming too.

Fair enough, I suppose I'm guilty of broader ranting against the various characters on here claiming to hold while talking it down. Perhaps I've overly targeted you, and for that I apologise. Perhaps this is because you identified with JJAL whose trading strategy I find marvellously bonkers.

Going to return to using my time on shares I'm actually invested in now. Good luck holders here, and to anyone who feels 'trapped', do remember that it's only your pride trapping you. All you have to do is put your money in the company you think is most likely to go up in value - 'recovering losses' in the same share in which you lost the money has no advantage outside of emotions. But if you really think this is now fundamentally undervalued, then I hope you are right and you make good money for you and your families.

Adios.

To answer you, alwaysbeclosing, yes - that is crackers. Obviously.

You think that 'rampers' affect the market and accuse them of manipulating people, but you don't seem to see how people like you do the opposite and also influence people. Anyone who thinks BBs don't move low-liquidity shares around is either a newbie or just naive. Thus your posts encourage people to sell, by being doom-and-gloom, and make the price go down further away from your 'sell-out' price.

Thing is, you know exactly what I mean, so you're either being duplicitous or genuinely don't see the gaping hole in your logic. If 'rampers' move the price then so do you.

If you really are the latter and don't see the logical fallacy here, please do remember one key tenet when investing: All that matters is which share is going to give the best % gain over time. Regardless of how much you are down on a particular share, the correct question to ask yourself is ALWAYS the same - which share will show greatest % gain over time. 'Recovering losses' in the same share you lost capital on has no inherent advantage, it's pure emotion which has no place in a trading strategy.

If you think ***literally any other share*** is in a better position for growth than this one, you should sell and buy that. There is absolutely no reason to sit here despite being bearish while waiting for a 'sell-out price', other than being emotionally incapable of accepting a loss and trying to make money elsewhere instead. Instead posting doom-and-gloom whilst simultaneously hoping for the price to rise to your 'sell-out price', and saying that 'rampers' unfairly make the price rise but 'derampers' don't make it fall... that is just - well - crackers.

The best part is I can say all this with no vested interest. I don't personally see a good investment case here, so I'm not invested. And some of the 'derampers' here who claim to be current shareholders are doing a great job of discouraging me from buying their stock and helping them get their exit price. So... thanks, but you are, again, crackers.

'Why should we sell at a loss'

Ummmm because if you're so negative on the company, you clearly think the price is going to go down, so unless you dislike money, you should obviously sell.

Note that I don't disagree with you, indeed I don't hold shares in this company. What I don't understand at all is why you hold shares when you think the whole thing is going to hell - less why you would publicly post that and apparently encourage others to sell. It's crackers.

I'd say going by recent example, Rathlin work extremely rapidly. As soon as there's approval, I expect to see a flurry of activity on-site. You can bet they've already got a site design and are well-underway booking equipment, if they haven't made conditional bookings already!

Rathlin got the last site set up incredibly fast, and the second they were sure they needed a redesign the site was cleared incredibly rapidly, within about 24 hours. These Canadians don't mess about.

I think it's all eyes on that council decision, and then game on.

3m15s to 9m37s.
Some interesting context on the revival of the Romanian O&G scene and why Reabold went there and why this is such a clever play.

Also lots of admiration from Doc and Malcy for the Reabold portfolio, and Malcy once again saying the markets are not attributing anywhere near enough value to West Newton.

It was literally called 'The blow-out zone' - this was expected. People unused to the sector get panicked by the term which is why 'kick' is probably the better choice. Similarly people worry about terms like 'well kill', confusing it with plugging and abandoning.

That's just semantics - there is such thing as a diverse portfolio of stocks. That might mean a mixed bag of small, medium and large companies, multiple geographies, sectors or styles. It might mean some ETFs, some index funds, some managed funds, some regular stocks. It could mean all sorts of things.

It's quite true that having all one's wealth in the stock market exposes one to cyclical downturns, and that's a good argument for having some money outside the market, but it's not the only definition or use of the term 'diversified'.

On the small level, it might mean picking stocks whose share price and/or financial health is not tied to a single asset or project. That is a form of diversification too. UJO has multiple projects, and of course Reabold has many (as it was originally planned as a small fund).

They were expecting significant liquids - likely a mix of condensates and oil. What they found was in fact MOSTLY oil.

The fact of having to reset the site underscores just what a major find this proved to be.

... so?

I think the UKOG people coming here being annoying are concerned that the tide of PI money is flowing into UJO instead of UKOG, and that without West Newton the same capital would all be investing in UKOG.

I think that assertion is crackers but you can see the thought pattern that leads them to spend so much time here making increasingly bizarre statements. I note many of them on Twitter now calling West Newton a 'duster' which is just so laughably far from the facts I don't really know how one can respond.

It's a shame that PI's can't reframe this 'us VS them' from share-on-share wars to 'private investors VS the corrupt city money, duplicitous commentators and ill-informed protestors'.

We have far more in common than we have apart.

'Not going back to West Newton in the near future' - how on earth did you get that from this interview? Crazy. They will be itching to get back to flow test this well!

Anyone found anything 'EXPLOSIVE' or 'MAJOR' yet? Methinks he may have overpromoted this interview, lol

Probably not a good day to recommend FTSE100 shares - look at what just happened with M&S! The 100 is kind of crappy anyway, 250 tends to outperform it.

And with the Woodford stuff going on, we can't even blanket recommend funds as a safehaven.

That said, I still recommend most newbies focus on index and cheap managed funds (love me a bit of Lindsell Train) and try some small trades to get their feet in AIM. As long as you don't bet the farm it's interesting.

On a corporate level both companies are really impressive. Both BoD's have solid characters on them. It's shame there has been some in-fighting here as this really is a great PI success story developing.

I, like many here, have a large investment in Reabold, and a small trading pot in Union Jack. Pretty common strategy.

Spear - 'You are playing at the church of mammon and yet trying to find solace in morality.' - that's actually beautifully put, fair enough. But it's still pointless posting stuff like that and pretending it's anything other than egotism.

I got out of this share long ago. I didn't agree with the more positive posters here anymore, just like you didn't. But that was my decision to take with my independent brain. They didn't 'mislead' anyone nor do they owe anyone anything. They're not fund managers, they're just punters posting on a forum.

Unfortunately the internet has exacerbated many people's tendency to tribalism and binary thinking. It's something intrinsic to human nature, but is distortedly exaggerated by the avenues the internet brings it to grow and polarise further. It goes back to our instincts toward sticking to our own tribes for safety, but it's also coloured by an increasing amount of egotism and selfishness.

As you said, the Brexit debate is replete with examples on both sides of hideous things being said of other people over something that is actually just really sodding complicated. Thus I no longer participate in the debate outside of my own brain.

I hope the times we live in give way to a movement toward detail-oriented thinking, giving others the benefit of the doubt, permitting fault in others (not becoming absolutists and new-puritans, like the 'cancel-culture' kids, taking some pride in sometimes saying 'It's complicated', and lionising those who say 'I have changed my mind' or 'I was wrong' instead of cowardly kicking dirt on them.