Member Info for Soder

I was actually taking the **** but it is Zulu.

Rumour: There is a smell of dirty oil coming from the drums. If you have boots fill them.

:0

I am assuming this is either Afrikaans, Zulu, Tswana, or Swati language for “lads, they hit the mother of all payloads. Fills ya boots”

Local in the know?

Am I close?

I am far more recent. I actually did take some off this week and rolled some into HBR but still a meaningful hold here. It’s a real test to the risk tolerance to sit in something so binary. Fun. But challenging. Do you take your 40% or stay for the next 40% which I would think you could buy back in at if you ditch and wait for positive news. Decisions. Decisions.

The type of post written by a guy who wants the sp to rise through the day as he fully intends to be out of this over the weekend. :0

He is not right. He knows nothing and is just ramping and will ditch and vanish pre and post news. Check his posting history on WTE and ECo and his imaginary buddies at Jokers in Georgetown Guyana.

Yes but what do your imaginary friends in mavericks say?

Investec. Buy. Px target 770p. “Increased FCF guidance by 10% on strong operational performance. Statement highlights need to diversify away from unpredictable U.K. fiscal regime”.

I don’t know what it is but will most likely be in the region of $300k per day. Ie meaningful!!!

That rig ain’t staying a single second on site/contract longer than it has to IMO. And it’s a 6th gen semi…..There is no way they are not getting real time data from the hole as they go. If the logs were showing a complete duster they would be up and off. We know they will sidetrack if they see something they like. But that decision in itself is what may take time and a fair bit of further analaysis. They need to back up the drill bit and decide exactly at what depth and location they want to sidetrack to get most useful info/intel from the sidetrack. It’s a 1 shot process so you can’t **** it up.

Every morning I wake up and getting more confident there is actually something to analyse and test that ain’t just sandstone. Could still be water though I guess :0

The suspense is killing me.

Brightspot is a fraud. Pretends he knows people and intel locally on every drill. He knows nothing.

Craig…what would that change now? you do know for the first time in several years we are drilling a big **** off hole on the sea bed in search of black gold with the result of aforementioned drilling of big **** off hole due any day? You do know that right?

Just out of interest what would you have them do? Given how cheap it is I assume you are doing your part and remortgaging your house to buy as much as you can every day.

Rig would have to carry enough cement for a standard well plug for safety reasons. You need more cement for a sidetrack plug and also more drill pipe to then drill the side track. The bigger plug also takes more time to set before you can start drilling again to create the lateral force.

This is just usually!!! And in no way do I know anything about this well fyi.

Sooooo…. To side track this you would go off the original hole. But you need to pull the drill bit back and then plug the well and you then need something to create a sideways/lateral force in the hole. Hence to push the drill bit sideways.

For that you would need supplies and a supply ship.

Commercial (lending) banks arent making excess profits. They are just making normal profits after having to contend with zero interest rates for the last 15 years.

Where will it stop if we go down this route?

Did dominos pizza make excess profits in lockdown along with boohoo and asos? Did Pfizer and gsk make windfall profits from the pandemic when oil was negative?

The fact is very simple. Business is CYCLICAL. You make money some year and lose it in others. But you need the good years to cushion the bad. If you don’t allow companies to make hay whilst the sun shines then they have no balance sheet cushion when the bad times come. And they will come!!!! Eventually oil will fall off a cliff. Just like eventually people stoped buying delivery food, covid tests and shopping online once the pandemic ended. Just look at asos and boohoo results and share prices for example.

Kids across the world….. let this be a lesson to you all….Don’t use the when drunk or high :0

The island innovator rig manager also reposted the eco post re the visit and liked the Lundin pictures/post from 3 days ago on LinkedIn. Cato landsvik is his name.

Has been some change over of personnel on the rig. A guy called Thomas Rosenberg just posed (1hr ago) on linkedin that he is back in Cape Town after 3 weeks on the island innovator.

In this day and age do we always assume they will log as they drill?

Until management show they have the desire and ability to grow the business the market will just get bored. It’s actually bordering unforgivable why they are doing to the balance sheet at the moment. Eventually they will just be a hedge fund/asset manager with a small oil and gas operation if they have their way. They should return the cash, buy assets or leave. Hoarding cash is a massively inefficient use of shareholder funds and provides for horrific shareholder returns.

They should also apply a windfall tax to defence companies like BAE who are reaping excess profits from the war. Apply retrospective taxes to pharma and diagnostics companies for covid. And also back dated taxes to online food and retail for profit during lockdown during.

Oh no they won’t. As banks and oil are just the usual political punchbag.

DONT BITE THE HAND THAt FEEDS YOU.