Member Info for Surely

dropped, why, threat of regulation, price caps, interest rate rises (heavily indebted), bad publicity, just wondering why it is rising today. Broker upgrade maybe

CH "Constantly drawing the conversation back towards their current focus. Indonesia" It was Agnetha who brought up Indonesia and claimed it would be profitable soon. When challenged, starting from 40bbls-d in 2018 how it could be profitable even in 5 years, he sheepishly admitted there was nothing to back up his claims and it was "just hope" Now bizarrely none of the rampers want to discuss Indonesia and seem annoyed when it is mentioned.

pete, When i read a Bulltetin Board I want to hear from investors and those with not so rosy views alike. That is very important to me. Personally I then , if I am seriously considering the share, check the history of the posters to get a rough view on who is getting it right This is an extremely important part of the evaluation, hence why I post here. There will be many who read these boards, who appreciate the time taken to challenge the rampers , who don't necessarily post themselves. ( btw I haven't lost money on RRL and am not in any way bitter, perhaps you are confusing me with Agnetha )

Any reason for the drop today. Following this because of the Paul Scott and TW interest.

ok, Yesterday I posted some opinion on Indonesia and brown field sites. Have a read of that first, it is not bullish as you say. Feel free to challenge the negativity with your own facts.

"Collagen can reap big rewards" "Possibly one of the best stocks in my rather large portfolio of 17" How is this one of the best stocks in your portfolio. When I look at its forecasts they look very unimpressive to be honest. For a high risk company you would expect the chance of a high return. But the forecast is 5.9 million of SALES only by 2019. Not going to make anyone rich as far as i can see.

pete. I've never posted about RRL's debt issues or about it "going bust". So you are getting a little carried away asking me to back up things I haven't posted.

What is the next news expected by RockHopper. Is it just stuck with an asset in the Falklands that it can never develop. Looks like 2018 will be Bowlevens year. Just wondering when it will be Rockhoppers time.

Petebo, talking of multi-ids, looks to me like Agnetha has been removed. After assuring us all she had never posted here before, it turns out she was just another bitter multi id shareholder. What a surprise that was. I wonder who will appear next. Well done Admin, seems they understand the tactics the rampers are playing, and are allowing balanced views to be discussed.

great refresher video as to why we are all here. thanks for posting

Can I suggest that the best definition of "balanced view" are the ones who most accurately predict the shareprice. Note to self: The definition of "balanced view" on this board always puzzles me. It seems to mean that you can lose 99% of your cash , averaging down all the way, but your views have been balanced ever since you started tipping it as a buy at 10p. Athena, I sense your frustration now. You are lashing out, where your knowledge is lacking. Best we end this particular thread.

ok, and have RRL got a good track record of upscaling like you said ? Did they manage to do it in Trinidad. Or perhaps give me an example of another AIM oiler who have upscaled a little brown field site full of old stripper wells like indonesia.

Cant find any negatives ? Apart from the fact that subscale operations are never profitable ?

Athena, So to summarise where we are with yourself , since you joined on the 20th . We started with "I have done my research", but in actual fact we have arrived at the statement "I just hope ".

"Totally impossible to make any predictions at this stage eventual bopd, profitability or potential loss" So let me state that IMHO, if you looked at other similar sized AIM outfits, then I have never seen a Field operation which is profitable at such low similar levels of production. It is subscale. Instead everything else that you have stated is just wishful thinking. Qualitative nonsense with no numbers designed to give the impression that this is a great investment but missing the critical numbers to actually show that it will be. If you really have no idea what the production numbers will be and when, have you thought about why you are investing here.

"You appear to have me mixed up with someone else " Yes I certainly have. I got confused because you stated "until Indonesia comes into profitable production " and then got very abrasive when I suggested it might not be profitable. I therefore assumed that there was some basis to your assertions. But it appears that it was just hope. And in fact that you have no idea if Indonesia will be a good investment for RRL. Do I have you still mixed up then ?

rainbow, "there is no evidence range will ever be profitable" Lets not jump the gun, I'm waiting for Athena's forecast production figures for Indonesia. I'm sure they will show how profitability can be achieved.

Athena, please stop trying to make me the subject of discussion. Lets stick to range and I'm sure you will be fine. So as has been pointed out the net production to RRL is 40 bbls-d for 2018. So regarding your assertion about "profitable in 5 years" please project the production then for the next year say 2019. Or for the next 5 years if you like and indicate at what level of production you think the indonesian operation will become profitable.

The 200 bbls-d comes from the RNS ! "The planned work programme is expected to add up to 200 bopd of production " And my comment was about the profitability of small scale operations like this. I can't see why that is not relevant. Please refrain from personal attacks.

"until Indonesia comes into profitable " I've never come across a field operation producing 200bbls-d that is profitable. 200 bbs-d is just a piddly amount of oil and lifting and fixed costs always are greater than revenue. But perhaps someone can give me an example to show I'm wrong.