Member Info for StrollerB

Why don't you and penguins toddle off and make little ones. You're boring.

As I read it Tellurian had 331m shares when the markets opened on 2nd January.
These were issued with a 6 month orderly market provision as per RNS 7th August 2019.
Can anyone tell me what exactly this means ?

trying to put some rough numbers together to see what the bottom line is for this company
All figs in $$
Assuming 1000bpd @60 pb

21.900m total revenue
17.520m To Ukog (80%)
7.300m $20pb cost to get out of ground ( SS quote i believe)
10.220m sub total
1.825m $5 pb cost of of tankering
8.395m sub total
3.650m $10 pb admin & depreciation
4.750m PBT

Most of the above is my best guess.
Am I missing something and /or costs wildly out ?

In the event of Scotland becoming independent who would be the lender of last resort to the Scottish banks?

current spread is like yesterday
1.007 sell
1.015 buy
Declared spread
1.0 sell
1.5 buy

Hence lots of buys showing as sells

1.016 to buy
1.007 to sell

The colour of trade means nothing both buy and sell are way below midpoint and have been most of the afternoon

Am trying to calculate how long YA could take to clear the loan balance.
outstanding balance £450m say 450m shares
Max 15% per day
100m traded per day = max 15m conversion = 30 trading days = end December
50 m traded per day = max 7.5m conversion = 60 trading days = Mid February
Choose your own average daily trading rate

Do we seriously think if the combined flow comes in at in excess of 1000 bopd i.e. not far short of $500k per week
The SP will remain suppressed at this level till YA is clear ?

Currently being quoted 1.085 to sell , 1.083 to buy

Bid 1.05 ask 1.10

I am sure SS and team are fully aware of the conditions required to gain consents. If they were not achievable then
I would have expected the company to pull out or appeal. They have done neither.
I find it difficult to comprehend how permission can be granted to shift some 23,000 tonnes of oil , circa 1000 tanker loads
and the refuse to grant a full production license.
However were are talking about politicians and bureaucrats so cannot rule out crass stupidity and/or self interest
coming into play.
On balance I shall continue to hold.
You should form your own judgement .

Thank you.

Page header shows 2 RNS,s issued today but only one appearing in the detail section.
Whats the 2nd one about ?

Beware the unwary
My transaction at 11:07:35 170000 at 1.0649p is a buy , way below mid point.

My understanding was $21 was to get it out if the ground. Transport to refinery is likely to be fixed per barrel regardless of volume but on top of the $21

I believe SS has stated in the past the cost of getting oil out of the ground was circa $21 per barrel.
What would that be based on ?
Surely the cost depends on the volume.
Is it reasonable to assume the bulk of the costs are fixed therefore once the fixed costs are covered each additional barrel only has a marginal cost i.e. additional energy , water ,cleaning etc.
If this is the case it would be wrong to calculate op. profit in a straight line.
It follows that unless you know what the base case assumption was calculating profit from additionl output is mere guesswork.

Anyone cast light on why Investing.com are displaying 2 negative articles from Reuters regarding UKOG dated April 2015 ?

Mine was there first thing this morning with I.I.

I would prefer 70b shares at 65p but we are where we are.

The point I was trying to make , albeit badly is you cannot take one option in isolation and use it to denigrate the other options.

Each of the many options has a potential effect on the others.

Wasn't doubting the numbers you quoted.
I was just highlighting that the reduction in PBT is almost identical to the additional spend on buybacks.

ASP1:
28/02/18 TVR 72.086b
31/07/19 TVR 70.472b - 1.614b

Buy backs in same period - 3.027b
Difference -1.413b

Without buy backs TVR would be 73.499b +1.96% but would not have spent £1.878b.

You pay your money and makes your choice.

Mick-b : you say PBT slipped from £3.117b to £2.897b minus of £220m . I am assuming cost of buy backs is accounted for above PBT . Spend on buybacks in first half 2018 calculated as £490m - first half 2019 £700m plus of £210m . Just saying.