Member Info for wraith

Yes, due to Covid-19:
Extract:
"Chrysaor expects output to be 140,000-155,000 boed next year, down from 2020, due to an unusually high level of asset shutdowns due to COVID-19 related maintenance deferrals".
Source: https://www.hellenicshippingnews.com/premier-oil-to-be-renamed-harbour-energy-after-merger/

BW

Correction should read: "just use" & "when other posters, take the time".

BW

Thank's thewackmiester,.....appreciated, many years ago, used to buy The Fleet Street Letter & Financial Times (amongst others),...just used what is available, free on the internet these days,...always appreciate it though, when other take the time to post interesting information.

BW

With our Market Cap of £5m approx,...I have been increasing, going after the "Five Card Trick".....as Simon Oddie, in the link below comments:
"Both Edge and Inishkea are viewed as being drill-ready"
Source: http://www.europaoil.com/documents/200611EOGEdgeAcquisition.pdf

Wressle, with the prospect of good upside potential (US frackers needing US$60 Oil Price), to increase production,...our breakeven US$17 to US$18 a barrel ($10 production, is my understanding),.....is a very welcome bonus for myself, as I have said before, I am here for Corrib,...remembering, 2050 is the general date that I have heard, to be carbon-free.

BW

That prompted me to have a closer look at Wressle ( https://www.europaoil.com/documents/200803WressleUpdate.pdf ), DreamOn,....been put back by Covid-19, but will be producing early next year, if no further hold ups.

There is potential upside on Wressle, that I had not taken a lot of notice of,....having listened to the full version of interview you posted, took another look at 13October 2020 link I posted ( https://www.europaoil.com/documents/201013Prelimfinal.pdf ),....under Sub Heading "Onshore UK", I noted in part of the text, it mentions:

" Wressle therefore does not just represent a one-off scaling up of our production profile, but opens up a series of potential step-ups going forward."

BW

Yes, dated 9 December 2020,...I also noticed, it was out of sequence,...good find pauldrayton, (Paper Number: 166/20).

BW

Don't subscribe myself, thewackmiester,...thank's for posting,.....that's always been my understanding, of the position with existing licenses, such as Barryroe;-

"The government subsequently confirmed that existing licenses such as Barryroe would not be affected by the change in regulation."

BW

Agree, longtermthinker,...The oil sector has been hammered, since sea-lion discovery,...according to the below article, dated 22 Sep 2020, US shale production needs US$60 a barrel Oil Price;-
Extract:
"Houston — US shale oil production can reach new highs beyond the 13 million b/d mark achieved in late 2019, although it will take oil prices of around $60/b for that to occur, panelists said at an energy conference webinar Sept. 22."
Source: https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/092220-us-shale-production-can-reach-new-highs-beyond-13-million-bd-but-needs-60b-rystad

BW

This is one share, that's staying in our two ISA's, (for those 4 potential IOCG targets),...will take advantage of trading opportunities, in our trading A/C though.

BW

Barryroe was promoted as Oil Discovery, initially, Zebra04 ,...now more recently, both Oil & Gas,...then there is Barryroe deep, which has yet to be tested, which if memory serves me well, could be much larger, than existing Barryroe discovery.

BW

Just had another look at the Final Results for the year to 31 July 2020, dated 13 October 2020,...as I have said before, the main reason I am invested here, is Corrib (Wressle is good to have for cash flow, whilst waiting),...as I read it, we are waiting for sign off, before relaunching the farm-out.
Extract:
"With the above in mind, our intention is to relaunch the farm-out of our revamped position in the Slyne Basin once the acquisition of FEL 3/19 has received regulatory sign-off." (from sub-heading: "Offshore Ireland").
Source: https://www.europaoil.com/documents/201013Prelimfinal.pdf

BW

Yeah, I remember Mary, used to think what a lovely voice she had,...as you say, it is the weekend, one more from Cliff & Hank: https://youtu.be/_FsolWCGMB0 (let's hope they move our s/p up soon).

BW

Yeah, it's been a good life, Tacuma,...I have really enjoyed building the business, in these later years,...these lockdowns have been difficult for me, I'm used to being active,...it has given me more time, to play the stock market (which is my hobby) this year, so I guess that's a positive,...likewise, I wouldn't change very much, if I could "turn back time" ( https://youtu.be/GgD9FyE60hs ), but would tweak a few things & yes my memory also serves me very well,....is that 1948 or 1947 vintage like myself.

BW

The last bike I had, was a honda 650 supersport, around 1980 (also had a car then though),...it was a nice bike, but I was married by then, with children,....not the same as when I was young & single, used it mainly to go to work when I worked in the nuclear industry, (nuclear power station),...earnt good money there,...started to work on my own account (Landlord) in 2001, when I started our property company, which is why I still work now (will be 73 on 17th December) & will never retire.

BW

BW

Bought my first shares, back in the 1960s (Tesco), they were small back then, hereigo,...saved up £200 to buy them, think I was about 17 years old, should have kept them,...still, it got me interested in shares.

BW

Ha, showing my age now,hereigo,....no don't remember the one you mention, but do remember Cliff Richard & The Shadows ( https://youtu.be/PbYXqPIqHsE ), also "those were the days (cliff)" when I had my AJS 250 motorbike, white silk scarf trailing in the wind, great memories.

BW

Yep, that's why I'm re-investing in PVR & LOGP, on the recent farm-out news, ps200306.

BW

This is the reason, I am mainly targeting stranded existing Oil Discoveries (with Funds I am bringing back from the Gold sector, where I am reducing our positions, with the short term outlook), such as:
Sealion, Darwin, (Falklands),...Barryroe (Ireland).

BW

Thanks for the link ( https://www.bbc.co.uk/news/science-environment-55276769 ), Arfur_Uggins.

With the outlook for Fiat currencies & lack of incentive to invest in new exploration, I also expect the Oil Price to be a lot higher by 2030,......I agree with you, harpmandoodle.

BW

Hi hereigo,...I see you are just a little younger than myself, good luck with your investments also,...yeah, AIM does remind me a bit of the wild west, at times.

Instrumental from my youth (Apache - Hank Marvin): https://youtu.be/RB91ayDlQLE

BW