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We are not producing so the current prices don't effect us. If/when we produce or enter into deals/jv or whatever it will be at some future date when hopefully the oil prices will have righted themselves?
Just a thought...
Paddy,
Thanks for the satellite work yet again.
If your interpretation of the "pre-collar holes" is correct (and it seems a good explanation to me) that seems a lot of holes very close together. In my amateur estimation I'd have expected them to drill one or two then create more depending on what they found?
Strikes me that NC are very confident in their interpretation of what's down there!
Torham
In the interests of transparency and not that I think anyone will be interested but I sold a fair chunk of my holding. I will buy back in after 30 days which will allow me to realise the loss against CGT.
I am still confident the gas will flow and be monetised.
This company is not finished and don't let anyone tell you otherwise unless they're holding a delisting RNS.
GLAH
Torham
red,
I've been in HUR for a while, averaged down a tad today but still 20% down. I cannot quite get my head round the SP there, like all oilers they have been hit by the price but they are producing very well from the fractured basement method they are pioneering.
Can't give an informed opinion other than above but they were shifting 20m worth of oil per ship load before the saudi-putin pis@ing contest. The oil prices can't stay this low forever, the US shale cos will be folding like a pack of cards!
Torham
"TW is just a small cap Katie Hopkins" - brilliant! ;-)
Strudel,
I'm a Leither, we know all about loo roll from Seafield! I reckon if you start at Portobello Beach and head south, I'll come up the A68 and meet you for a socially distanced brew on top of Soutra. I may take a circuitous route back home, 16p will look great from on high! ;-)
Good afternoon all,
SB has been in and out of the board for a long time and has for some reached deity/mythical status.
I don't know the chap and have nothing to base any opinion on but my spidey sense tingles whenever he posts. My senses when face to face are pretty much 100% accurate but it's impossible to judge through words typed on here. And yet...
There are those on here who's opinions I respect (even some rampers and pampers) and they have engaged with SB so must, I think, have an opinion on him).
It seems slightly strange to me that a person of significant wealth, sat on his island in the sun is engaging on here. Perhaps just my suspicious mind...
SB if you are reading this, I genuinely mean no disrespect, I am just curious.
GLAH
Torham