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Wizard125. You are doing a good job.
Here's what I have sumitted to the Case Officer this morning:
'Dear Mr Chick. I am not a redident of the IOW. But I am a resident of UK. As such I am/will be affected by the economic effects of both the Coronavirus pandemic and Brexit. Our country needs all the financial benefits it can muster over the coming years to facilitate the swiftest economic recovery available and to bolster its stable independence whilst plotting our journey outside of Europe.
Sadly, in some respects, oil will be needed for the near future for all manner of staple products that each of us depend upon during our day-to-day lives. The tax from the production of oil will provide benefits, large or small, to our national coffers.
The operations involved in the production of oil, however, should not negatively impact any region's environmental condition nor the well-being of its local people. I am pleased to support UKOG's application here based on its history of responsible and sensitive procedures in previous similar situations and trust that all measures in this regard will be taken to ensure the safeguard of all standards.
I hope that both UKOG and your council manage, in concert, to effect a satisfactory conclusion for all concerned.
I may not live long enough to enjoy the fruits of the benefits I mention above. But our grandchildren will.'
Hi Starchild, I have just seen and read your earlier post on this very question. That will serve nicely. Many thanks.
Hi Starchild, my position is that I am a LTH and needing to examine the proposed merger from all angles. I want to ask your help.
I read the BB here very thoroughly and noted a couple of days ago that one poster was writing about an advantage for buyers of CERP shares, pre- the merger, in terms of an automatic, built-in increase in share value if the merger goes ahead due to the weighting versus BPC shares. I didnt fully grasp the mechanics so want to ask you if, for example, I purchase another 100,000 CERP shares what % increase these share will be enhanced by if the merger goes through. And what other factors, if any, might affect that %, if any. Thank you in advance if you can help.
Hi Mick, ref coiled tubing debate, does the following help at all:
'Reel (drum?) dimensions: 54inch width; 60 inch core; 25 inch flange height.
Pipe (tubing?) capacity: 4000m of 1.5 inch or 5200m of 1.25 inch '
My words in brackets.
Taken from: http://www.worldoils.com/marketplace/coiltubing.php
Well posted, TJMax. Some coherency from a infrequent scribbler with an already long-term investment (just like me). Airing the reality in the crisp air of February for all to sniff and interpret, reject or accept and maybe allow their shades to lower but, at least, to conceptualise the present actuality of the various ladders the company is seemingly trying to climb.
BoDs within BoDs, investments within investments, coupled with the style of mining companies with whom we are financially involved inevitably equates to slow decisions and usually snail-like progress. This is a given. But how long is that piece of string?
Many of us have gambled on reaching their own particular end of the string being reached by now but still the eureka moment seems positioned in a perpetual future haze.
My recent posts have not sought to provide answers or any advice, merely to have some clarity expressed regarding the nature of the game for those of us who need to refresh and refocus the image of our objectives.
Perhaps the voiced common threads of experiences, sentiments, ideas, comprehension and all that, ensuing from reaching out to others invested here (as I imagine Frankie attempts to do) are the only thing that allows us to once again believe that we are are not alone - and not entirely foolish.
Hey Frankie, I would say that the contents of your post are fair enough and certainly balanced. Well done.
You may recall my (rare) post mor ethan a week ago when I was asking you or any other investor for an example of a scenario (hyperthetical is fine) which would represent a success, like a rather large positive re-rate in the value of our shares. What would need to physically happen out there, I thought I mused. Did anybody have an idea of what that event(s) would look like?
Not one response. Not one overview. Not one optimistic example of that trigger. At least you share your thoughts and say what you are. No trembling ego in evidence.
Hey, Zoom. Noted your comment re: barium mud. If this mud is used to prevent the inward ( by natural forces) and upward flow (by ESP) of oil until ready, what method is used to first remove the mud? I am slowly learning a little more about these operations and would like to add this to my understanding of the process. Thanks.
Hmm. I've seen that written many times - usually said by a shorter or sometimes regurgitated by someone who has applied no original thought process. Sorry, but I agree with banning the ability to short. The 'liquidity' argument is nowhere near enough to counter the dreadful negative effects of shorting companies' stocks. It creates an atmosphere of projected doom like a terminal virus, supported by dark reports continouosly deramping the companies' current and future performances predicated on often groundless rumours of placings, dwindling cash, decreasing profitability, directors not invested, etc, etc. The objective is to create pessimism and weak sentiment in order to bring companies and their share prices to their knees and can often be self-fulfilling 'prophesies'.
In my view, shorting is a financial cancer. Imagine, if that those actions were applied across all British companies at the same time. Could that not be seen as a form of anti-national financial terrorism??
The mechanism is completely unacceptable on many grounds. We need positivity in this country, now more than ever. Not the poison of professional doom-mongers. That's how it seem to me. Counter arguments welcomed. Support definitely encouraged.
I am also still invested in UKOG. I never have posted much but some of you veterans might remember me.
I have added many shares every year so hold a fattish parcel now.
Yes a very good day today. And better to come. Good luck to the LTHs.
Oilman1984: 'Said it since last year, government will bail out this project, PI will get screwed!'
Please explain how that governmental intervention plays out step by step. Genuine question. Is it the same mecahnics as per RBS, for example?
Would SM be in administration at the point of 'rescue'? Would it be the same as nationalisation?
It would be interesting to know the steps to keep on file as another scenario/hypothesis.
Other posters might also have some views or information on this idea.
Charlie L, would releasing magnificently positive news, based on information gathered from UKOG's Kimmeridge assets in recent times, have meant a higher cost in purchasing the Tellurian percentage?
I am invested in both Angus and UKOG. Hurts, doesn't it? Just another year, then, Rodney. Grimace.
Thanks for your very readable posts.
Hi Pboo. I hope you are well. Thanks for your pic inputs through the past months.
Alan fed in an enormous pile of comments and information here, mostly highly opinionated but obviously based on a bank of experience. I doubt he was here to simply polish his ego and play impatient teacher for why otherwise would he depart so abruptly. Perhaps his ego was not as invulnerable as he or we imagined and that, as you suggested, ultimately it could not bear the conclusion that he was plain wrong on a number of key points. Those errors smashed his strongly projected image and I imagine he is a sorry mess right now. You would have thought he would have known the risk profiles better coming from an O & G background. Perhaps his experience was less than portrayed. Long sigh.
Hi WL1516. Thanks for your posts. It would appear that you have some worthwhile experience in the oil drilling industry. The problem on the board at present is that oiL-Plate readers like me (and probably others) can see that the technical inputs coming in from you and Alan2017 ('that's MY rocket science phrase!' lol) differ in detail (the latest being the shape of the perf gun ammo). Firstly, if I may, would you enlighten the audience here with some information about your relative experience and, secondly, is there an explanation regarding the different technical opinions? You can see that, otherwise, we non-industry shareholders simply remain confused. That would be very helpful, thank you.
Seaace and Bumblebee, just for the record and for asbsolute clarity, the name of our licence is Lidsey. I think 'lindsey' is a girl. I'm sure it's OK to exploit Lidsey and not good to exploit Lindsey............
Let's have it right.
Willow1990: "All well and good if the cpr is mind blowing!"
I believe the CPR will be very good. However, SS will not be issuing one until it is. That means some time will need to pass while the operation firms up reserves from longer evidence of production, sustainablity, etc.
He will want to hit the ground running not bring about any disappointing effects from a half-baked report.
That's how I read it. So, in my opinion, more time required.
But better full-on than half-cocked. And full-on means all the ducks in a row before a CPR is published. Not even enough birds yet.
Hey Pdub, I also was wondering why you were no longer posting. I'm glad you have begun communicating again but sad to learn the reason for your absence. I wish you every piece of good fortune on the road ahead and look forward to your regular postings.
Has anyone who's planning to attend the AGM been through the machinations of registration with Barclays/Smart Investor in order to obtain their posted authentification paperwork to gain entrance via reception/security on the day? Just wondering how it works. I presume the result it that the shareholder's name is included in a list held by the security desk and all that's required is suitable ID on arrival. Is that right? Grateful for comments. Thanks.