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[helpfull] 10/2/2023 16:05

Cor blimey, guv!

I know you're angry. You will be in my prayers this weekend.

Chin up! There are hundreds of peeps just like you in the guild (long live the guild). I wish I could join the guild. One of my biggest life regrets. It is easier to lose money when you know there are other mug punters just like you.

I have a coin. A 10p coin. Look at it closely. You are going to be seeing more of them. But glalth.

Be careful.

[mlf51] 10/2/2023 15:57

I think you come across better when you play with your crayons over trying an intellectual exchange.

[helpfull] 10/2/2023 15:47

Cor blimey, guv!


free stock charts from uk.advfn.com


The chart hasn't changed. The bearish ascending flag has dominated for nearly two months. The target is still 10p.

For all the expert opinion by industry renowned experts that is where this is going to end up.

Be careful.

[mlf51] 10/2/2023 15:43

Chart still heading to 10p Einstein.

[helpfull] 10/2/2023 15:37

Cor blimey, guv!

I know everyone is hurting. I can feel your anger. And I know it is an anger ostensibly directed at yourselves. You could have sold. And for all the posts whether informative or not, by industry experts or just plain rude boys, you all wish that you had. Now it is the old "not worth selling". It is going to cost you more money. Although I understand you all have a free ride. Everyone. But you are going to lose more money. Rabbits caught in the headlights.

But good luck all long term holders.

Be careful.
,

[thebull8] 10/2/2023 14:43

Explain to me what your idea of it being derisked is? Getting a couple hundred extra barrels a day doesn't derisk it. The risk has only increased following Alkaid 1 and 2 given the geological challenges encountered

[thebull8] 10/2/2023 13:43

He is easily distracted by shiny new toys or big numbers that the BoD out front and centre but isn't intelligent enough to make some sort of plausibility assessment around these and relies on the opinion of others, of which he still doesn't understand, to conform his own views

[thebull8] 10/2/2023 13:42

Only fair I return the favourTime to assess your performance on here.Knowledge 0%Understanding 0%Credibility 0%Overall assessment: Numpty. Like many PU he thinks he understand how markets work after reading a book entitled "an idiots guide to investment" but the truth is, just like 99% of retail investors, he is hideously out of his depth and could not even begin to fathom how markets function

[hiddendepths] 10/2/2023 12:57

bully

Time to assess your performance on here.

Knowledge 4%
Understanding 2%
Credibility 0%

Overall assessment: Could do better. Possibly not stupid but impossible to tell unless he tries harder. Does have plenty to say but unfortunately nothing of use to talk about.

[thebull8] 10/2/2023 11:27

If the market is so confident about the clean up and you think the clean up is material then it is already priced in which means the price will go down on confirmation of clean up. First time in AIM yeah

[kemche] 10/2/2023 11:20

Once the next clean out has been cleaned out then whoosh!

GLA LTHers!

[arcadian] 10/2/2023 11:17

Maybe it`s better for one`s reputation to underestimate than appear to be wrong.

[thebull8] 10/2/2023 11:15

Recovery rates will be 50bopd within a few years. It'll take 10 timetimes to even attempt to recover 1.9billion barrels equivalent of oil here. Few who understand this

[hiddendepths] 10/2/2023 11:13

Shucks, thanks Arcadian!

I was moved to look at the evolution of Forties reserves. There are plenty of links if anyone wants to Google it.

BP's original estimate for Forties was 200 million barrels recoverable. It has already produced over 2.5 billion barrels and will probably reach 3 billion before it gives up the ghost. The field is still producing at a decent rate more than 20 years after the original abandonment date.

There are scores of other examples, which I won't bore you with. When I was in BP's Corporate Planning department I had frequent arguments with the Exploration and Production department as their reserve estimates were consistently way too low and their plans were for far more modest developments justified by what was indisputable rather than more realistic figures, based on probable reserve evolution. I did win the odd battle - but not many!

I get a sense of deja vu with PANR's present reserve estimates!

[hiddendepths] 10/2/2023 10:52

Excellent stuff Huntman and SEEJAYEM!