Member Info for Urraca

Don't the refineries tend to stop around now for annual maintenance, which causes a bit of a build, because they're not using up the stocks while they get ready for driving season?

Or did Pistrix on Motley cite a source?

That is very interesting Paul. Do you mind if I ask where you sourced the figures?

West Phoenix didn't get to ragnfrid on time because the Anasuria drill overran quite substantially, so I imagine there will be some slack for Equinor if they need it.

Well it doesn't look as if the comany will get delisted ahead of the egm, which is a big relief. Now we await the Kononov pitch. If he can reassure on nomad/aim listing; say how working cap shortfall will be addressed (if that is it really does need to be) and lay out a slightly more detailed plan fr the company than the current board managed to muster, then I guess he'll win by a landslide. Not sure how long it will take this to recover, but I think we're now out from under the threats of the current board to collapse the company, either by putting it into administration over a relatively small amount, or by getting it delisted.

Hope we can hold and consolidate above £2. We're much closer to drilling than we were last time we went over £2.

Looks like we're through £1.95 ajax.

On another topic, has anyone else noticed how teenage girls seem to obsess over perceived slights on social media, to the exclusion of considering real world matters? Like how to make money investing, for example?

I'll put my hand up and admit that at its lowest point I thought it moght go down even further, as at that point dow and oil were both continuing to crash. I'm not the one who suggested averaging down on Jog was a fool's game though. Anyway, my timing is usually rubbish. It's about the hardest bit of trading I think. But I topped up ealier this week at 1.655 so I'm very happy.

I do agree Gizzy, I'm just baffled by the market's inability to see what's down the line for SDX. That, and the relentless selling that seems to have been going on for 18 months, through all the positive results.

Gizzy, I dn't know if OHSEE is still invested in SDX but he/she has been following and commenting on SDX for at least a year. I've been here almost two years, I'm under water on this punt, and I'm starting to share OHSEE's fatigue and disillusionment. There is always an opportunity cost when you tie funds up, and so far this hasn't been a great investment for me. Although sadly I didn't sell on the highs I admit. I personally think we need the promised increase in production actually happening and hard cash flowing in before we rerate back up again.

Which probably means we'll rerate massively next week and the plunge back down when the production comes online, given that this share just is nt logical.

Looking strictly in the short term, our sp looks to be fairly closely correlated to the oil price. But we're lagging just a little. So if oil stays roughly where it is, what's the chance of PMO hitting 80p next week?

If GSPC were a private sector oil company they'd either be bust, or working hard to address their debt situation. But...they're a public sector organisation. In India. So I'm guessing that, in common with national publc sectors around the globe, they've got a much higher tolerance of debt than private sector organisations. Having said that, they don't want to/can't afford to pay their share of developing Cambay, so they can't expect to reap the benefit of their current share. The wait is frustrating, but at least Oilex are pushing this as hard as the can.

Seems to have finished blue on moneyam

Well done gb, good timing

Funnily enough I do Yougv polls, and did the one on the 16th. After a few questions whch established I was pro brexit, it did not ask how i would vote in a second ref

Gonna double your holding graybird? I bought more earlier this week.

Looks like I was wrong about the price not moving, lol

Just two more trading days until 22nd. Provided Allenby do not resign before then, the current Board can't delist the company before the EGM. I expect Kononov to provide some reassurance around the nomad situation when he makes his pitch, so if we make it until Tuesday the chance of this company going under will be hugely reduced. I'm aiming to invest more then. We're so under the radar I doubt the price will move. And when people realise the company isn't going under, we're due the mother of all rerates.

The update last week said this about Zama:

"The well has encountered the main Zama reservoir and is currently drilling ahead as planned. Zama-2 will then be deepened to test the Marte prospect and subsequently side-tracked up-dip and flow tested."

Any drilling engineers out there who know how long that might take? I'd have thought at least a couple of weeks, but don't honestly have a clue.

Even better, his precondition would require May to go and play poker with the EU with her hands tied behind her back, blindfolded, and with all her cards dealt face up on the table, while the EU keep their hand a secret. Green loon Caroline Lucas is also demanding the same, which shows how credible it is. These people don't live in the real world, they just want to ram their agendas down our throats, and to hell with consensus and democracy.