Member Info for Surfit

Energy Voice Report positive feelings from the markets.
Encouraging, very encouraging.
https://www.energyvoice.com/oilandgas/north-sea/312037/harbour-energy-future-go-to-oil-investors/?utm_source=Sailthru&utm_medium=email&utm_campaign=Energy%20Voice%20-%20Daily%20Newsletter%202021-04-02&utm_term=Energy%20Voice%20-%20Newsletter

Rgds Sft

It could happen, just not sure if the 4th or 5th trade of the day will push it through? With these volumes its just like wall street....when closed (-;
Rgds Sft

What I find interesting is that (+120 days) and we could get an indication from HE about where they are going with SL before we get any information regarding OM.
I would had preferred to have had the OM news first then the HE news, for obvious reasons.
Godders, you really must abandon this "hope" thing you have with Sobel Moody and Stu coming good on their company title and wages. Especially now they have reduced things in the office such that Sobel is delegated to answering the emails: "DO NOT touch anything else Sammy AND especially what EVER you do, DO NOT answer the phones"
In fact we may get and AGM BEFORE we get anything from OM or HE...now how about voting for a 50% pay cut and no additional share allocation until first Oil, that may sharpen the piggies minds bit.
Oh and no more " Lets buy assets to keep our outgoings covered"
Share holders reply "Sure, if your both put on YTS wages and in charge of the canteen tuck shop"
Rgds Sft
GLA: in HE we trust

Well Godders, if you sell you know its going to get Sanctioned by HE. If you stay of course, we have no chance.
Hope that helps :-)

Little artical found interesting:
Could Cairn Energy have been a good match for another partner, but with the commitment to Egypt, which I find a big gamble in curret times, its a shame the went that way.
"..........Mr Boroujerdi added: “Cairn Energy has had a history of selling down assets and building up new core areas. The sale of UK assets to Waldorf Energy, on the same day it announces an entry into Egypt, is very much on brand"

Still the artical below, does demonstrate that there is cash out there and compnies are willing to spend it.
Things are definitely looking up folks. I actually feel very positive, for the first time in what seems like too long.

https://www.energyvoice.com/oilandgas/north-sea/305761/uk-north-sea-hottest-ma-markets-wood-mackenzie/?utm_source=Sailthru&utm_medium=email&utm_campaign=Energy%20Voice%20-%20Daily%20Newsletter%202021-03-10&utm_term=Energy%20Voice%20-%20Newsletter

Rgds Sft

Old news to us but its still good to get the news out there: potential new share investors.
Current price has upward potential if you think we will win the OM award AND significant movement IF HE and Navitas push the project button.
2021 will be the year we will know at least.
GLA

https://www.offshore-energy.biz/sea-lion-partners-get-license-extension-from-falkland-islands-govt/?utm_source=offshoreenergytoday&utm_medium=email&utm_campaign=newsletter_2021-03-08

Rgds Sft

Aging assets vs new field with large proven reserves, high quality oil (on a par with brent), water depth not regarded as significantly deep-water, enviromental conditions not dissimilar to west of shetland, FEED completed(by PMO at significant cost) and large potential for further field expansion.
PMO team experience (if project team still in company) in FPSO and subsea infrastructure development (Catcher).
Partner, Navitas (although not fully signed on as yet) to help share development costs.
HE will secure their future and be able to use PMO tax carry for decom ops in the NS
HE (imo) really have got a great purchase, if you consider what they spent for previous asset buys.
Rgds Sft

My "speculative" investment was Talga Resources (ASX).
Rgds Sft

True Fecm, thats a bit of a commitment nearly £20k at that spread. Someone believes.
I still feel that if HE want to reject the project we will hear that earlier i.e. end Q2 and if there is no significant news by then it will be end Q3 to start Q4 before the make a positive announcement.
Just imagine being in a senario that we find ourselves following drilling and development ops of the SL project.
Just need some decent OM ruling and payment first.
2021 should, at long last, provide some answers for LTH's.
GLA 2021, the pivotal year
Rgds Sft

OPEC+ Considers Keeping Oil Cuts Unchanged Through April....

https://www.google.co.uk/amp/s/oilprice.com/Energy/Crude-Oil/OPEC-Considers-Keeping-Oil-Cuts-Unchanged-Through-April.amp.html

Rgds Sft

Increasing awareness and understanding of what investments companies (such as GS) are doing in a company is (imo) interesting.
Just making observations, that may be of relevance in future investments.
Rgds Sft

Melqart increased % short on 26th. After GS had added on the 25th.
Not sure how today's reduction (Todays GS related RNS) fits, is it related to loaning out to Mel?
Rgds Sft
Rgds Sft

The drop could be in anticipation of the potential of OPEC+ increase in production. Reports are its not going to be too significant.

https://www.worldoil.com/news/2021/2/26/all-eyes-on-opec-as-global-oil-supply-imbalance-may-force-an-output-revision
Rgds Sft

What I do like is the small but present comment in item 3:
"1. Creates a business with a stable platform for future growth
2. Ability to pursue a fully funded growth strategy
3. Unlocks Premier’s international development and exploration portfolio"
Rgds Sft

Hey Oilman, the Morecombe Bay part would fit,but AA has been clear that they will not be going anywhere near oil.
I keep revisiting his interviews with Malcy, which was very informative, not only over direction but also about investors waiting in the wings.

https://www.malcysblog.com/2020/12/core-finance-chairman-interview-andrew-austin-chairman-kistos-plc/
Rgd Sft

Thank you Mogger
Rgds Sft

Very true bladesman, but my thoughts are PMO have undergone all sorts, of issues that were compounded by over reaching with Solan, the revenue stream reducing (1st PoO crash) then raising credit, bonds and debt getting sold on and then ARCM, the 2nd PoO collapse, the affects and consequences present ideal opportunity to learn.
Hence its really good to have this sort of discussion and getting some knowledgeable feedback. PMO issues must be fully encompassing what many companies go through in part or quite similarly the whole?
Rgds Sft
Ps that fact we might not loose are shirts also helps.

Because if the 22nd Feb is not set there I am reading it that a build on the short position could continue until:
RNS 22nd and 23rd
" The Restructuring Plans remain subject to approval by the Scottish Court of Session with the sanction hearing currently scheduled to commence on 19 March 2021....."

Rgds Sft

Hi Pearls, thank you.
I did not know that re 22nd Feb. Is this detailed in the prospectus?
So we should not expect to see any further rise /increase in short positions there after?
From Short tracker
https://shorttracker.co.uk/company/GB00B43G0577/

23 Feb entry but no change, not sure why this entry was recorded? Any thoughts?

Melqart Asset Management (UK) Ltd
Short position 3.14% date 23 Feb 2021

Melqart Asset Management (UK) Ltd
Short position 3.14% 19 Feb 2021

Melqart Asset Management (UK) Ltd
Short position 3.03% 17 Feb 2021

So GS recent (latest RNS) buy could now not be related to loaning out?

Rgds Sft

The RNS just posted: is that GS just conformation they have purchased more shares? If so expect (imo) to see a small increase in shorts with Melqart as I belive GS are loaning a % out to aid Mel, gain % from loan but benefit from longer term purchase?
Rgds Sft