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@ 18:58 - Yes, I check DEC daily and will be taking up a small wedge. Heavy hedging still something of an uncomfortable factor to me, but I'll get over it.

Waiting on a reply from someone I know in ND. He is an expert on the Bakken and the Missi (OK). Hoping he can give me an opinion on our cabbage patch although the ideal candidate would be Benyon who has taken up some stock (twice).

Guessing . . . there seems to be some delay in getting the big rig from Haynesville but I'm probably wrong on that score.

"The 13-13 well directly offsets i3's prolific 15-13-061-01W6 well which has already recovered approximately 220,000 bbls of oil and 0.5 BCF of natural gas, . . "

If the figures are provisionally correct - 433 bopd and 469 mcfpd after four days - I would like to think tomorrow has some good information in it.

Have also been reflecting on Sturgeon's wittering on Scottish independence and wondering if it eventually puts i3E at a disadvantage.

https://diariolaregion.com/web/denuncian-a-aidecobap-por-sus-actos-de-extorsion/

https://research.viiicapital.com/Reports/Research/2022/October/SOU100622.pdf

Today

https://money.tmx.com/en/quote/TXP

Looking much brighter at last.

https://money.tmx.com/en/quote/SOU

Good start to the day on small volume..

The "tale of two cities" was fair comment.
It applies to several other stocks.
Presumably an insti/fund has been offloading since 18p days.

No new information to offer.
Have not written to the company in past month.
Increasing momentum in SP leading up to next batch drill.
TX acquisition becomes a possibility together with MS.

"Hear, hear" not. Generalisation/blanket prognosis is dangerous. Plenty of folk still work at 80+. They have little or no choice and do not lean on the state. Also, the disabled and infirm will need support throughout their lives.

Otherwise I agree with you: a return to Wilson-Callaghan days would be disastrous.

@ 15:34 - Suggestion = Abandon and restrict input to other bb.

Yes, I think that was BB's second buy . . . would very much like to have a word with him on the three Jefferson-Davis horizons. Remain reasonably confident CottonValley is likely to replicate the multi-stacked recoveries of the Bakken (ND) with gas as the emphasis here. As a geologist he will have understanding on the subject.

Noted it on the PetroPeru newsroom website 27/09.
Was mystified over reasons why the locals objected to cleanup.
Is it a ploy for more handouts?

Jonah, with respect which is it?

@ 09:35 - Waiting for it to get to 25 before I buy back in!!!
@11:16 - I have holdings in boil and petrotal
@ 11:50 - Does it really matter once the bombs start

https://money.tmx.com/en/quote/SOU

in view of increasing volume improvement could be underway.

https://money.tmx.com/en/quote/ITE

Perhaps we are starting to escape the noose.

Agreed, "horrendous drop". I was going to take up a bundle last week but will have to check out my grey matter. Minus 20% is astonishing.

@ 12:50 - Keeping an open mind because bullish forecasts on all commodities have fallen flat in recent months.

I am invested in O&G, gold and PGMs but note an inclination to non-UK producers/enterprises. (IOG is the one exception). i3E has been astonishingly flaky although the pattern is repeated elsewhere.

Generally, like others, I have been shocked by Truss/Kwarteng's high-risk strategy. It might turn the corner . . . if it doesn't many of us will be forced to take evasive action. Evidently some have already done so.

IMO JPMorgan are among the worst forecasters on commodities, viz. Au was meant to be trading >$2,200/oz by Q2. Look where it is now.

Yes, that was roughly my own calculation.

Yet we are in uncharted waters. I am relying on experiences under harsher conditions during Putney days (in digs, no heating, no handouts) that preceded the Wilson era and Thatcher years. I crossed paths with Maggie as she exited the Bishopscourt ambassador's residence on her way to bully De Klerk into submission. Outcome on both counts has not been good.

Truss/Kwarteng are taking us into uncharted waters. Putin (self-styled tsar) is leading his country to ruin and we all paying a price. Just hope our investment decisions and strategies land on all fours.

https://www.eia.gov/outlooks/steo/pdf/steo_full.pdf

Shorts rule for the foreseeable.
Hunkering down for next six months.

Transco average August index price of > US$13/MMbtu for August with ~$5 premium.

. . . and anyone familiar with the Williston basin "peak oil" concept should apply similar principles here. To alleviate decline rates the company will pursue aggressive drilling with the new generation horizontal rig.

The Cotton Valley trend will also be targeted in H1 2023.
EIA anticipating $9.00 HH average in Q4 = high revenues for SOUC.