Member Info for VistaMan

That 150k shares was a BUY.

AOC,

"I am still looking for an exit - the opportunity cost of holding is all too evident"

A slightly incongruous statement, if the opportunity cost is too high then this indicates you should exit. By not exiting now it implies the upside, at least in the short term with DEC is better than the other opportunities.

Vista

Jim, Agreed. It certainly looks positive to me also. All we need is the market to agree and some of the recent shorts to exit sharpish.

Asimple....,

Not looking to start an argument but if we stay with the current EPL tax regime, no significant new investment will take place and the production will drop by 30% over the next number of years anyway and the profits by even more and hence less tax. An adjustment (not complete removal) would likely result in increased investment and jobs (rather than a continuing reduction). Production would be boosted versus regime and Govt tax on company profits could work out either way in that scenario, depending on the adjustment and response. It is also somewhat of a misnomer to have a windfall tax in place at today's punitive levels when the combined basket NS Oil and Gas price in not in a windfall position.

I really don't buy that the emissions of imported LNG from Qatar or USA are less than NS production.

Vista.

Asimple....

More local production = more tax and more employment and less emissions versus LNG etc from afar.

Your idea of exporting less, think you don't understand the closure of many of our refineries and the fact we don't produce enough O&G anyway for our needs.

JC01, reduction in methane emissions and having an approved well plugging plan may well become a "freedom to operate" issue for any O&G company under a future administration, never mind the ethics/integrity that business should operate with at all times!

Any veracity in that report / source? Great if its real.

I take that RNS as good news, especially after the extended period of no news. I think the actual receipt of the $1 million royalty payment this quarter will provide a much needed catalyst for the SP. Bought some more today.

Just off Serica call, CFO confirmed that SQZ will not be picking up the DCU payments.

Roxi, Don't you know that production tubing is inside the production casing? Unlikely to be leaks outside the wellbore.

Terry,

Of course you are absolutely correct as usual.

PS, its not hindsight, its where I bought the shares and no I don't have to publish my buys and sells for it to be the truth. You say (not Oak Bloke) the SP is a disaster, my point is it depends on your purchase price. Anyway this is nothing to do with DEC but you did raise SQZ labelling it a disaster.

Terry,

" I have a small holding in another company SQZ which is pushing in the same way he does DEC, same result SP is a disaster."

The SP is only a disaster if you bought at the wrong price. There were ample opportunities to purchase in the 120s/130s with a purchased dividend yield of ~12%. SP issues this year have been as a result of DANA Petroleum's operatorship of the Triton FPSO but even with that the SP / dividend still good.

PS not ramping, just responding to trolling!

Terry, why do you feel the need to post in response to practically every poster here, you are entitled to your opinion like everyone else BUT you are not the moderator of this board. I post infrequently, today's post was merely sharing some information that others may not have seen yet. But you felt compelled to try and dismiss it as worthless.

Vista

Well Terry, I certainly take house broker ratings with a large pinch of salt.

According to you they "tend to follow". If that was the case Mizuho would have been marking the target down for some time now, certainly based upon your "rusty trashing the SP POV" you so frequently espouse!

See Mizuho has raised the DEC SP target from $23 to $27 with an Outperform rating. Must be something they are doing correctly!

Vista

Terry, can't you recognise sarcasm?

Could you offer a little more detail?

You really are a sanctimonious pair.

What this moral superiority based on?

Success in business? Success in investing?

Remember, most of what is posted on here are opinions and being humble enough to recognise that would be a good upgrade for you both.

Try and lay off the posting for a while and start communicating with each other directly via whatsapp etc and save us the irritation of your repetitive posts!

Var Energi have a nice 14% dividend currently BUT there is a 25% Norwegian witholding tax unfortunately. Anybody know anyway around this?

Chinch, couldn't agree more.

Everyone, ask yourselves if a farm-out deal is close then why raise now?

In the June 30 RNS he states in regard to the warrant extension:

"The extension maintains the potential for additional non-dilutive funding to be realised over the coming months, as the Company continues to advance its strategy and seeks to unlock value across its asset base."

Then today July 3, he announces a placing with a 21.5% dilution of existing shareholders.

Trying to sell potential exercise of warrants as non-dilutive funding as a spin on the warrant extension. He must have known that a dilutive placing was also coming when the June 30 RNS was released. Contemptuous.

At least in today's RNS the reference to future warrant exercises as being non-dilutive has been erased.