The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Maybe have a look at the hardy Website ;p
http://www.hardyoil.com/assets.htm
Nothing showing for uk on that map.
Just to check was the last fund raising at 10p, so cant see 128 million shares being sold for less ;p
Main share holder Petrovis Matad Inc. still showing as 22.06% cant see them dumping any of the 146 million odd...
Just need to look at the markets ;p some seem to panic..
Try looking at UKOG today god forbid, maybe they had leaves from the trees in HH stop the testing, rofl
Need to look at the bigger market before panicing over no news... No news is that... What do we want they say ? we found oil and then 2 weeks later its just a tea cup full...
Let them do the job right, and give the correct info to the market ;p that way, they get more confidence and more respect longer term...
Looking at the history, if mike B was just out for a quick buck,then you would of had bergen shorting the hell out of this by now.. for the 43 million $ flexi funding... No that deal was dropped ;p
I bought in for 3.52p back on the 9th august 2016, and now have an average of 6.84p, its not nice to go from 45% profit on my shares to overal 22% down in 4 weeks.. thats the markets at the moment = no risk no gain or even a chance to better life. isnt that the thing we all have in common trying to make some extra bucks :)
Fingers and toes crossed, no risk no gain ;p
Biggest daily % gain for 14 years, up 18%
https://www.marke****ch.com/story/natural-gas-prices-just-booked-the-largest-daily-percentage-gain-in-14-years-up-18-2018-11-14
Tidying up almost completed at old SL site, just the re-seeding left for next year...
https://twitter.com/petro_matad?lang=en
Think SB popped a classic post on to twitter,lol " goldfish"
Maybe the wording should off been " Blow the enviromental impact, how about letting the oil run free..." ;p
Prices going up in Ukriane having an effect on people ;p
https://www.mysanantonio.com/news/world/article/Ukrainian-PM-blames-local-officials-for-heating-13390992.php
Natural gas price of NAK Naftogaz of Ukraine
November 2018 Pre-Pay = 13438.80 UAH/thousand cub. m Pay after = 14586.00 UAH/thousand cub. m
October 2018 Pre Pay = 13438.80 UAH/thousand cub. m Pay After = 14586.00 UAH/thousand cub. m
September 2018 Pre Pay = 12249.60 UAH/thousand cub. m Pay After = 13338.00 UAH/thousand cub. m
Link just incase to help ;p
https://www.ueex.com.ua/eng/exchange-quotations/natural-gas/
I for the life of me cannot figure out if some posters have led a sheltered life, or just dont understand the share game.
Looking at this from my eyes, i cannot believe the dribble over the weather and such. Try sitting at home and looking at -23 on the window stat with -19 wind chill... countries and workers just get on with it :)
Next we will be hearing the tree leaves have broke the drill bits.... guess what no trees near the rig in the pictures... it isnt in the north pole or south pole...
This is DYOR share that is high risk but = high reward, it has no income from oil & at this stage is purely an exploration company trying to find oil & gas.. Based in Mongolia.
Cash in the bank to fund another 4 Drills, of which some happen to be right next to Working oil finds ;p
Only have to angle that drill a bit to the right,lol
Until we get an RNS confirming this is a gusher or a duster nothing has changed... If you have invested, which i have, then for now its time to sit on your hands time (Wait and ignore the doom and gloomers).
The market sentiment has shifted for oil and gas, what was + $86 dollars for brent is now sub $70.The money is moving out of the oil stocks at the moment, and some more than others...
Eyes on the prize and for most i believe this is the long term reward.. If you cant wait or cant lose money then dont invest at all. and for god sack dont chase the rainbow on share in AIM or you end up with empty pockets that way.
I will sit back and wait for the next 4 weeks and see :) I either have a very good christmas and its a gusher or i take what monies left and get hammered= still a good christmas ,lol
Good luck all LTH
Story on the BBC also
https://www.bbc.co.uk/news/business-46169125
Normal monday morning stampede on the way ;p
Crazy old world really for investing in comapnies,lol
Got the Inventories at 15 year lows, gas price goes up 5.22%....
And regal regal goes down...
But this just strengthens the buying case, the figures for next year with Gas prices as they are will surely bring RPT onto the radar even more ;p
Need to extend out that Arran timing ;p be nice if it was up and running in a year or so :)
The front-end engineering design (FEED) studies for the project are expected to be completed in 2018.
The detailed design, construction and commissioning of the field’s infrastructure are slated to be completed between 2019 and 2020.
Drilling will be carried out over an 18-month period using an anchored semi-submersible drilling rig or heavy-duty jack-up rig, while the installation of the pipelines, umbilicals and manifolds is expected to take approximately nine months.
As long as oil stays above that £66 dollar price point Then there is a possibility of a special div. Think most would like to see that ploughed back into to raising production figures for the longer game ;p
Dont forget ,some gold mine Oil assets up for sale = That at a lower oil price cost less to buy ;p
https://www.offshoreenergytoday.com/report-marathon-oil-looking-to-exit-uk-north-sea-business/
Long term cracking company for return for investor`s :)
Looks an interesting company ;p
As oil plays go, this isnt so bad. Its got funding in place... Another Drill under way... with more to follow..
Good interview from Mike Buck to lse
http://www.lse.co.uk/media/exclusive-petro-metad-go-for-broke-with-6-well-fully-funded-programme.html
Not so sure on the suffering Ojay, unless you like pain. lol
Unwinding of the gas storage facilities ;
https://economics.unian.info/10325655-ukrainian-gas-storage-facilities-operator-created-as-part-of-ukrtransgaz-s-unbundling.html
Just wondering which companies will own all this lot in the future;p
Thought i was seeing things on the gas prices 4.55% up ;p
https://markets.businessinsider.com/commodities/natural-gas-price
Bear from the east having an effect or the Sanctions from the west ;p
Another intersting read below ;p
https://112.international/article/why-natural-gas-production-does-not-increase-in-ukraine-33404.html
If you read it carefull you can find a very small mention of regal ,lol
interesting read about the prices, and the cost ;p
https://112.international/article/why-so-expensive-how-much-does-ukrainian-gas-cost-33730.html
Also should not the comments" The largest fields of the state company - Shebelinske and Yablunivske are depleted by 90% and 70% respectively. The first well at the Shebelinske field was drilled in 1950, at the Yablunivske - in 1977.
Ukraine needs gas reserves, lucky for RPT they have 28 years worth,lol got to be worth something ;p
Well done all that have held from 5p & sterling job B ;p
Couple of interesting story links below;
https://menafn.com/1097618191/Government-updates-action-plan-for-Ukrainian-gas-industry-development
https://economics.unian.info/10306473-week-s-balance-gas-price-hike-imf-agreement-and-budget-battles.html
As we can see, Ukraine need to pay debts, and without an IMF deal wont be able to do so.
IMF deal cost = Internal gas costs to the population, can no longer be held bellow the open market prices, And in effect subsidised to government debt.
That means Naftogaz ( state owned) is now no longer subsidising , and can start to earn more money, which is then paid back to the government to help service debt and future investment...
Reading between the lines & future gains for Regal ;p
Current thinking for the Prime Minister of Ukraine is 90% of Naftogaz profits are currently to be fed back into the Ukraine budget.
How to grow the budget income from Naftogaz?
Naftogaz cannot afford to rework wells and improve the supply chain all by itself ;p while having 90% of its funds filtered out...( Don't forget the other % that doesn't add-up in books ;p)
Which is why the SV-12 type Well deals are coming in = zero cost to Naftogaz and the government = massive upside in revenue and profits added to the budget.
How do we speed up this cycle, by reducing the sub soil tax rates to help drive internal investment from external third parties ;p
For Regal that means a lot more SV well deals, could be on the way ;p
Very True @Ni on the prices.
Natural gas on the up due to reduced storage, political issues and demand.. compared to last year;p
The swap over to green energy = wind and solar = back up GAS powered electrical plants rather than the nuke or coal...
We have sv-12 now online for 3 months + = good 5 months by the jan figures. Hopefully the Vas -10 Will be swapped over to the B16/17 and give some reasonable added figures ( looks like the lower area isnt giving consistant flow rates)..
New Mex119 well to be drilled around end of year.
The tax enviroment is changing also ;p
http://taxsummaries.pwc.com/ID/Ukraine-Corporate-Other-taxes.
The IMF deal to start removing restrictions on the domestic supply prices, I presume that the prices Energees recieve in the open market will go up. And So Regal will also earn more from the supply deal less the companies agreement costs
What is not to like,the company positon is growing better every day, Like you said it can only be a sizeable premium price paid to take this gravy train over..
Just need that cold winter to help with the january update figures :)
But then the big question is ? " will we get to the January update " ;p
Not at this price, thats for sure....