Member Info for wiltshireman

You have to remember wizz this is AIM and little rhyme or reason to many of the price movements. I am firmly of the opinion that its pure semtiment that drives this market and until momentum is reached then but only then does consideration fo the fundamentals take over as the driving force. We just need plenty of exposure 'above the radar' Until then the oil price is the main driver of market sentiment which is quite ridiculous because Dave Bramhill talks about production costs for oil recovery is less than $20 a barrel. At those price most of the North Sea will be shut down.

wall of money out there ready to be invested in both junior explorers and producers. Its all about sentiment given a successful junior like GGP

https://www.youtube.com/watch?time_continue=1&v=Ubv2796pDpo&feature=emb_logo.

not sure how we stand with the dollar ah well back to the Gold Standard
IMF
Britain’s economy is set to plunge by 10.2% in 2020 and global activity will take a hit of more than 12 trillion US dollars (£9.6 trillion) from the coronavirus pandemic by the end of 2021, the International Monetary Fund (IMF) has warned.

\I think the news is slowly sinking in

Nothing other than its history. Should be interesting to see how they ship large quantities of crude out of HH. Especially being surrounded by well heeled toffs.

and I thought caving was nutters disappearing down small holes and having to be rescued !
Some explanation of the process
https://www.tandfonline.com/doi/full/10.1080/25726668.2019.1586371

https://www.bullionvault.com/gold-news/gold-prices-061520201

In the worst case scenario and SVE got wind and pulled the rug out from under us it would be so obvious that insider dealing would be the issue and I (hope) believe that AIM has cleaned up its act enough now to attract the full forces of the FCA . With such a holding it would be plain obvious.

puff and are they allowed to recommend shares?

If gold price falls its still good but if it rises to record highs and the funny guy in adverts starts offering cash for gold that's the time that Greatland takes off. Its happened to me once in my investing career but its so long ago I've forgotten except that explorations shares seemed to do better than production shares which is rather odd but usually based on the value of what is in the ground. I can't remember the details but the companies in exploration were valued purely on some sort of nominal 'gold in the ground' price set against costs of recovery bit like oil is but often very misleading simply because the figures were so unreliable. I think more reliable is the casual punter investing in anything that has the name gold in it. There are plenty of mugs out there to punt on anything when convinced they can't lose with record gold prices. The classic one was the Poseidon bubble which although it was nickel in that case saw phenomenal gains in share price without producing anything but then it was a long time ago, no broadband and most of the news out of Australia mining must have been delivered by carrier pigeon!

Depends who owned it when. BP owned it for much of the time. Prior to that it was British Gas before being privatised and sold to BP in 1984, so there was not share price in a nationalised firm. Under BP ownership this was one of very very many worldwide production fields (Alaskan Slope, Forties field etc, Magnus Field etc) . Wytch Farm was tiny in comparison, but very profitable. Share price of BP at the time would be meaningless. There is really nothing to compare this to except perhaps the Egdons of this business. That is what is so attractive because almost inevitably an oil major, if not busy divesting their oil interests in the present climate, would be interested in operating a massive (this is by no means certain) onshore field and with existing infrastructure close by would be very tempting even at today's oil prices.

Always on the cards, All the big oil fields over the N.Sea, e.g. Forties, Beryl, B rent and longtime smaller fields must have connections with similar reservoirs in NE England and through the Weald and down into the Isle of Wight. Just a question of finding them and striking lucky. In the early days of the North Sea once found all the effort went into pursuing similar potential fields and there wasn't the interest or investment in the onshore side. Kimmeridge one and only nodding donkey located on the south coast and Wytch Farm all have similar geology that runs right up through and into the North Sea. In fact the Kimmeridge layer persists all through the Central and northern field of the North Sea as anyone who knows far more than I do. It wouldn't''t surprise me in the least that W Newton could turn out to be another Forties Field but then maybe that's over egging the pudding. Who knows, not even the experts until more and more testing may establish exactly what we have.

Blimey you reckon there is some logic to AIM. I gave up on that idea about 10 years back

down a snake, the future story of this share I fear. The posh word for it is 'volatile'

UJO attracting more trades (mostly significant as opposed to a multitude of tiny trades) , rational mostly sensible discussion on these boards, this share is slowly rising above the radar and above all David Bramhill, a proper oil man, who tells us how it is and is quite happy to share his thoughts with his shareholders .e.g. the reasons why UJO doesn't was to be an operator of Wressle. I take my hat off to him for his plain speaking and wish we had more down to earth honesty amongst our 'leaders' who don't seem to know their a**s from their elbows. GLA

horizontal drilling is 'old hat' now I was on a rig doing it in the last century !

"The project remains economically robust with an estimated break-even oil price of $17.62 per barrel."
Latest Brent a smidgen under $40 and first oil due second half of this year which by oil production projections is in a short time.

At least there aren't hundreds of misleading tiny trades going through mostly quite meaty for AIM penny share. Shows good genuine interest I feel.

It must be true because the Sheriff says so and he knows everything there is to know about AIM because he's the Sherriff

but then who likes TW, self styled sheriff of AIM who knows everything there is to know about AIM.