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Do not worry about YA and TEL, selling through the dark hole. What you should think about is the overall value of the company. What seemed to be missed by posters earlier on my SS post was how much money our company and shares are going to be worth with the government going to push the electric car market. this means our wells could last for 50 or more years , just producing Hydrogen gas (and we are on shore). So after our oil and gas becomes less profitable say after 20 years we switch to Hydrogen production. This means where ever we drill the Weald it would be an earner. The UK government has done us a big favour stating this at this time. Also remember we are going to produce electric on site,.. No transport costs.
GLA.
Is very aware that the UK government is going to push for electric vehicles, and he also is aware that if you have oil or gas as it diminishes oxygen can be put down the well or wells to produce Hydrogen and recover all cars that is present there. This is good for all that lovely Kimmeridge oil right across the Weald. IMO.
GLA.
Has done what he is paid to do, and as everyone knows the failure rate is very high when drilling a new field or area, so a lot of luck is needed. Even with 3D seismic the failure rate is very high. If no water had been hit in HH2z everyone would have been saying how good SS was. SS has already told us that the gear we needed was not available in the UK or Europe, so could this arrive after we leave Europe on Friday, because of the import duty ?. Any way IMO this is not a good time to sell.
GLA.
Everyone even those suffering from ADHD must have been aware at the last RNS that if we had to wait for a work over rig it would take some time. I did hope for a coiled tubing cure for the water ingress, but alas it seems we are waiting for a rig. A lot of people that have sold out here are going to be very upset when our share price soars as it will when a rig suddenly appears.IMO. However best of luck to everyone sellers and buyers.
Stability in our share price is hard to achieve when the company requires funds to buy out partners and for further worke. As I have found over the years no one is your friend when it comes to borrowing money. I recall my bank asking for over 20% interest on my bank overdraft. YA and others do not care about us small share holder, and only want a return on their outlay as quick as possible .That is how life is. Many weeks ago I advocated that we should buy our own drill rig, as I would have done. However SS is his own man and I have to bow to his greater knowledge of our business and what he plans. I still have faith in him and his advisers and so continue to hold all my shares. All IMO.
GLA.
My family have been in the oil business for 30 years or more and have run oil wells all over the world, but as they tell me every well is different and its all guess work. On certain operations they do know whats happening and advice me accordingly . The general opinion on HH 2Z is that everything will be good, and so I await my reward. Take this not as advice from me as there is no 100% way of knowing.
GLA.
Because it now appears that we are waiting for a drill rig to come available, it may be some time before we get an update when the water problem is cured. WHICH IT WILL BE. If we had been going to use coiled tubing or another method that equipment IMO would have been on site now. My advice would be to hold on to your shares (f you can), and wait, as I have done.. Do not be put off by YA or the day traders.
GLA.