Member Info for suffolkpompey

Evening all. I've been following EMH for a while and today decided to bite the bullet and invest here. Clearly lots of stuff going on here at the moment. I have a question for those of you suitably experienced or researched, put simply what is the minimum take-over price you think the BOD would accept and recommend to shareholders?

Thanks

Today saw yet more Nitrogen going to Brockham, is it normal or expected for as much as has been seen to be used or is it in your opinion indicative of possible difficulties getting the oil to flow?

Quiet on here today, can't think why.

When do folks think we'll get some official Brockham news then? I've got a hunch we may get something Friday.

Good points, well made. Lol

So if a Poll is demanded how do those with shares in nominee accounts prove how many votes they are entitled to? All sounds a bit clumsy, much like the call for a meeting in the first place.

Interesting...

Where has this been reported?

All the talk is understandably about Vonk v TP, however, signs so far have not been encouraging re Brockham. When should we hear initial results, is it expected this week? It's certainly becoming quite a roller-coaster ride when all the talk before had been so optimistic.

Hmm that can't be taken today surely, sky looks too blue...

Possibly trying to prop the price up to let placing out?

Lifeofreily. That may be the case for traders but I think there are a good deal of long term holders here who won't be exiting yet. With the amount of significant news on the horizon anyone selling now is taking a mighty risk and could miss out on a special christmas present. I think the chances of a substantial RNS before Christmas are high enough for me to not even be thinking about leaving this one. Hold and/or buy.

Any idea on costs to get the other two flowing and have they been optimally drilled for production?

I think a fair few would exit this around the 25-30p mark. The big question for me is, in the event of good flows, in what timescale would the company look to get the additional wells online. We know there are two others there but how long and how much cash would it take to get them flowing. Three wells producing would result in significant income and rerate so in the scenario it would be foolish not to hold.

Anyone know when news is due from OPEC? Will it be before the final bell today? Brent currently trading around the days high up to $61.8 a barrel

Axebob, so come end of January what do you predict the sp will be?

It will be interesting to see how much of any rise is actually maintained. Would be good if it's not just a spike followed by a slow decrease to where we are now. With good enough flow rate I'd like to think we could stabalise the sp in the upper teens.

Coming back to more meaningful things... If we were to produce at 10,000 bopd what would our SP be worth? There was a calculation on here a few months back but I can't find that, there seems to be 1000 pages of ANGS v UKOG guff in the way.

Does anyone know if we have any estimated OIP figures for our licence areas? I know UKOG have the Nutech and Schlumberger reports which give some broader 'whole of weald' as well as UKOG specific info. Would be an interesting read and help to put more meat on our bones as we move forward to production testing.

Looks more like traders sold out of UKOG early doors, bought in here, sold out here and bought back into UKOG. A quick look at our respective charts and you can see it, pretty clear.

... This is being shorted whilst we wait for news and placing confirmation. Will allow some to buy back in cheaper and then it will go mad again. Always telling that uptrends and downtrends are accompanied by new 'faces' on here. Agendas are pretty clear. Traders play the waves, LTH's ride them out as we know with good results from Brockham this is only going up.

Yeah Stach but they operate in Nigeria where risks are somewhat higher and they dont 100% own what they produce so not exactly comparable with Angs.