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[alamaison5] 27/12/2018 08:38

Hope, run, lol.
We all live in hope, don't we?

Run what, where?
No takers...Everyone has taken a position already.

Now u r stuck with it until the end do us apart.
xxx
PS: 27% COS is not low, it's very very low by the way.

[ileeman] 27/12/2018 08:21

Wick spud official RNS, nice.

As I said before my hopes are not to high on Wick success being our lowest CoS drill, but with VG-4 results due aswell it should be a decent run.

All eyes on Colter/Rathlin for the UK drills imo.

[steelwatch] 25/12/2018 21:47

Nice one lucky. Let's hope for good weather for the mobilisation to Poole Bay mid to end of January then!

[grannyboy] 25/12/2018 16:43

Thanks luckyman...They're off...should get an RNS on Thursday. And hopefully good news early 2019..

[luckyman3] 25/12/2018 15:47

hxxps://corallian.co.uk/news

[gunsofmarscapone] 21/12/2018 16:23

I 100% agree with your post grannyboy, on the EU front all I can say is that I was part of the story in building a 7.5-8 Billion stg Mcap business employing tens of thousands right across Europe, biggest group of staff are in GB. None of the operational staff earns less than 25k, some of the office jobs are less admittedly.

They can all support themselves and their families. The day after the EU ref the company was valued at 3 BILLION stg less. Thats not ‘brainwashing’, thats real people and numbers.

Just saying...

Have you noticed that Dyson, a major leave supporter, does not want to give you guys any jobs building his electric cars? Yes there are R and D specialists in the UK, mostly graduates.

[ileeman] 21/12/2018 16:21

RBD another top up for me today think market makers will switch the book very soon after shaking a lot of sellers out over last few months, holding just over 20million shares now and dont plan to sell until atleast rathlin results came in.

Top drills for me are Colter, Rathlin, Monroe, Parta...happy to see it out.

[grannyboy] 21/12/2018 15:51

Yes there should be more exceptance of the potential that lies under the uk, instead of being reliant on LNG being imported from Qatar and elsewhere..

[gunsofmarscapone] 21/12/2018 15:41

Anyway, moving on at least we are doing our bit to regain some energy security, the most patriotic are those who support oil and gas wells onshore UK. I expect every leave voter near West Newton to fully support us. Unless they have been brainwashed of course.

[cashandcard] 21/12/2018 14:44

No, not confused. I'm responding to your post 2372, which itself addressed RBD and NTOG immediately after my post.


Cash

[theaviator] 21/12/2018 14:43

Christmas panto season? Hilarious - No wonder peeps lose money! Did well on Oex and not bad on Ntog before. (In too late last time - not making that mistake again!) It'll be a Rbd and Ntog 2019! Remember these words!GL all and Happy Christmas!

[cashandcard] 21/12/2018 14:28

1blue,


I'm sure many of us do our own research. It may well prosper, but I will pass on it for opportunities with less gearing and greater prospects and scalability.


Cash

[1bluehorseshoe] 21/12/2018 13:54

Exactly, the greatest opportunity for generations, we only went into the EU to keep the peace. Germany is now building huge tank divisions again supposedly because of Russian threat.

[grannyboy] 21/12/2018 13:47

A TRUE Brexit, and NOT the one May is pushing, will give us back the right to rule ourselves...And it's obvious GOM has been brainwashed by the MSM and the remoaners lies and deception..why wouldnt trade carry on as normal under WTO terms,ie can be tariff free trade arrangements..

[1bluehorseshoe] 21/12/2018 13:45

That wouldn't be democratic would it? You can't keep going back to the voters until you get the result you want. We've been paying billions for years to the commonwealth and the EU prevents us trading with our empire, US too. You'd think we lost the War!

[1bluehorseshoe] 21/12/2018 13:33

Upl has exposure potential to Malaysia which is the added attraction, ntog new Permian asset will have a farm in, they all have risks and rewards. RBD is unique, you won't see so many iis on many blue chips.

[gunsofmarscapone] 21/12/2018 13:25

UPL? interesting choice. You could characterise it as one very expensive med/high risk well followed by East Midlands nodding donkey type ops.

Have you noticed how Twitter and these boards are being used to fix people rigid? Its designed to distract and dilute rational consideration of risk. In the duster case it will continue up to P and A RNS. I would really recommend totally ignoring it tbh.

[1bluehorseshoe] 21/12/2018 13:25

I'm in both and luckily I do my own research. Big year ahead for rbd and ntog. Let's hope there's a no deal Brexit and get our country back eh

[cashandcard] 21/12/2018 12:29

NTOG? I like producing nodding-donkeys that keep on going for a longtime at sustainable levels. Lets have a deeper look.

Merits of NTOG; They have 109bopd net production. Hedging in place for (average) 50/bopd at $60/bbl from January for all of 2019. Also, they have a $5mln facility with a bank, initial borrowing base $1.2mln - marketcap £3.75mln. If they took up the entire facility, there would be more debt than equity, but one must assume they would increase production and enhance assets which would be a significant trade off. However, the drawdown probably comes with all sorts of fun and games for the equity. They have 2.5mln OIP in their section of a recently acquired tight oil play that could generate some handsome returns if they can drill horizontals and stimulate it to good commercial levels. But that will mean (relatively speak) huge spend for a minnow oil E&P.

Main risks, they are small and whilst increasing production steadily, run the risk of overspend which might not workout as planned, particularly on the new field. Potential for failing covenant tests - WTI has been falling and is now at $45/bbl. Shareholders would get hammered if they failed covenant tests, even if the bank waived it.

In the current market, the only company that addresses those 'structural' issues is RBD. It is an investee and makes it impossible to be pushed out of a project or get wiped out.

Frankly, in a falling oil price environment, I would avoid oil companies that are leveraged heavily to debt/credit facilities. I will pass on NTOG and tick to RBD, UPL and PRD.


Cash

[gunsofmarscapone] 21/12/2018 11:56

Aviator, its not logical at all but vast fields of Texan 20-50 Boepd nodding donkeys do not appeal. No need to read the whole story from beginning to end. Three to five minutes was sufficient. If you want to be a co-owner its a free market mate! Atb.

[alamaison5] 21/12/2018 11:38

iLeeman20 Dec '18 - 14:38 - 2364 of 2368
0 1 0
Podcast out on RBD today, he sounded churpy.

Only need a few of these biggie drills to come of and we are laughing all the way to the bank.

Lol, 27% cos...MM's not untested.