Member Info for Urraca

I also agree fair dealer that our negotiating team seem to be in capitulation mode. I used to work in govt and I know just how pig headed in negotiating the civil service and Ministers can be, when they want. I also believe, and former colleagues still in govt agree, that Barnier et al are hell bent on forcing a no deal brexit, regardless of the economic consequences for EU members, with the overriding aim of discouraging anyone else from contemplating leaving.

So, I think ts going to be a rocky few months through to next March. The only question is whether May can force through a deal that's remain in all but name, or we go down the no deal route. My money's on the latter, so short banks, if you go in for shorting. For O&G and the North Sea, energy is a glbal market and essential commodity, so I think Brexit will have very little impact. If anything, the North Sea will get more loving attention from the Govt, as it's still a big asset for the country, even if in decline now.

C'mon guys, you're just not working this hard enough. May's Brexit plan is a shambles. As soon as Parliament gets back after summer there's a vote of no confidence, which precipitates a general election. Corbyn wins a landslide. He appoints George Monbiot as Secretary of State for Energy. George immediately shuts down the North Sea lck stock and barrel on a 'leave it in the ground' basis. The internal combustion engine, indeed any use of fossil fuels is banned. All O&G companies immediately go bust, but the buggy whip companies 100 bag overnight. Etc etc. So sell all your JOG shares at 8am Monday so I can buy em cheaper.

To be fair those salaries, although big, look pretty restrained compared to many AIM O&G companies. And they did get a strike in 2017.

Greybird, Equinor own 70% of Verbier and are in full control of the drill programme. JOG don't get to decide where it will be in the drilling order, or whether it needs to be delayed because of bad weather. But and having said that, the West Phoenix rig looks very robust, and can cope with Arctic conditions, so, fingers crossed, the North Sea shouldn't pose any problems, even in winter. And yes I do appreciate it can get a bit choppy.

We're all here to make mney hopefully. I'm always open to potential downside. But speculating that the Board may make negative decisions over matters where they have no cntrol is a bit unnecessarily negative. You might as well speculate that they'll order up a hurricane in the North Sea just to frustrate the Verbier drill.

I personally consider JOG to be one of the best of Malcy's picks. People get grumpy when the sp takes a nose dive.

"Number one rule of Wall Street. Nobody... and I don't care if you're Warren Buffet or if you're Jimmy Buffet. Nobody knows if a stock is gonna go up, down, sideways or in ******* circles. Least of all, stockbrokers, right?"

Funny, but never a truer word etc. Always amuses me when people on chatboards think they can move the price. Although, to be fair, when some AIM stocks get hysterical, the pumpers can.

How many shares were there when the broker forecast 21p? Need to take account if the dilution since then and yet to come to get to the same enterprise value.

Do you mind me asking, workover, whether you are invesed in JOG? I freely admit I've been in and out. I piled back in early doors this morning. Not only was the price very reasonable, it was also easy to buy a decent quantity, which isn't always the case with JOG.

Great news again.

While I broadly agree with daft that we should press ahead in Morocco at ramming speed (as we used to say), I don't think that precludes making swift progress in Egypt at the same time. We seem to have an excellent grip on ops across the board, fingers crossed.

Good article Chisel, thanks. When we bring the discoveries on-stream, doubling production, our cashflow will poosibly more than double, gven the huge margins in Morocco. I'm surprised we're not rerating already, in anticipation, but it will come. Even then, with further drilling next year, and going after oil in South Disouq and liquids in Lalla M, I'm not really planning on selling my SDX holding for quite some time.

If a predator is going to swoop, will they try and get in before the AGM on the 30th? After next Tuesday, the highest price for the stock in the last year falls to around 4.3p. Offering a small but lucrative window to pounce. Was that a 3,000,000 buy at close of play on Friday? All speculation, but it could be a very interesting week next week.

The market has killed Debs because they are expecting it to collapse. I don't know if it will, but if it does you will lose your entire stake. Whereas Aminex have just secured their long term future. Unless they get bought, in which case you should get back mire than the current value of your stake. But this is not investment advice, everyone's money is their own, to do what they want with.

Why cancel them? Maybe they made Eric an offer he couldn't refuse? Lol.

It's almost amusing, that a comany can produce such a torrent of good news, with so little reaction from the market. It certainly feels like a rerun of last summer, although thankfully with a higher base, around 30% higher. but we're clearly undervalued, given what we have.

I agree with gaslady. 25 year licence coming soon.

I'm glad the institutions are delighted by the farm-out. I will be delighted when they start buying in as a result. Get a mve on chaps. I never dreampt the sp would be down here After the farm out.

Not quite the one we're hoping for but progress nevertheless, even though administrative rather than trading.

There it is. To build a connecting pipeline up to Lalla Mimouna I guess. Plus future drilling. Massively preferable to equity issue and dilution. Or borrowing from the sort of vultures who seem to prey on AIM oilies that are in a precarious position - i.e. No income.

I'm hoping the rise in Canada was based on a combination of this plus Schacter.

How strange. Not unwelcome though. Be very interesting to see the terms (which won't be gouging I shouldn't think) and what it's going to be used for.

I think it is good news blackgold, the changes at head office, and staff moving to ARA.

I also think that tonight's forum was an admission that they'd totally c*cked up the way they released the news of the farm out. I.e. short on all the detail explaining why it's pretty good. The fact that they've had to knock up a new presentation for tonight, instead of having it to hand to release last week when they released the RNS, and ahead of the AGM, just shows a lamentable lack of awareness of comms issues. The paybill is surely big enough to have someone cometent handling this, althugh clearly they have not regarded it as an issue.

Still, better late than never, and it's just possible that they may learn some lessons from the way this has played out.

It is rather testing the patience isn't it. Just seems to be completely overlooked. I think I can say with confidence that the rerate will happen. I can't say with any confidence when that might be though.

I did wonder, if the Gharb 3D, or maybe subsequent drilling, does confirm large quantities of liquids, there is a risk if our sp is still low of an opportunistic take over bid. But that would be some way off.