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Though i will not be able to attend the sh meeting, i sure hope the one's that are going do try and pin management down on some of these issues that are just blowin in the wind!
BB, that's your best work yet! Appreciate the dots and the humor.
Rapp, if they want the respect of the shareholders than enhance shareholder value, and not five years from now. Sorry, but the patience thing is getting old!
amj23, i totally agree and it amazes me that some on this board are still content sitting here waiting and making excuses for management. I know maybe their hands are tied to some degree and maybe their's not anything we can do about it, but the fact remains that under this current no info campaign, they could drag this out for god knows how long.
BB, so when do you think we may actually get these results, so far none of the source info of the last few weeks has panned out and now dan says they have no expectations as to when they may be released and that the analysis is still ongoing. I'm really thinking it may drag out for some time. So do you think this happens anytime soon or we have alot more waiting to do. thanks
Question to any oil guys, in a couple of dan's email responses he makes it sound as though they are having to analyze over and over just to see wether it's worth proceeding to phase 2. I know they need to make sure they have a well thought out plan before spending the hunreds of millions, but if the results were great like some have been saying, wouldn't it be a no brainer to proceed. just not sure about the way dan is wording things lately. thanks for any input.
In one of the articles that was published recently did peter n. not say that they were awaiting results that should be out from a month to six weeks and then they would move to phase 2. If he did in fact state this, and i know i read it, why is dan telling us again they have no idea! Either bad reporting or erhe speaking out of both sides of the mouth. I believe we would be at about the month mark since that report was published.
You caught me! thank god for smart people.
It was nothing more than a stated opinion based on the trading so far!
Yes, exactly what i was implying!
From the looks of trading so far, doesn't look like many have faith in news being released the beginning of next week, hope i'm wrong but it sure doesn't feel like it.
Jake, is there anything more you can give us on this expected news for monday, and mark is there anything you can add to this? thanks to both.
Never said mark said news was to be out today, simply referring to the price and volume indicating to me that it doesn't feel like any news is coming anytime soon, hope that changes at least hopefully by the end of the week. With all that's supposedly happening behind the scenes i would think trading would be a little more exciting than it was today! jmo.
We need some stinkin news! but watching todays trading certainly doesn't feel like there's anything coming anytime soon, but maybe things will change by the end of the week. Remember, i think it was jake that said results 3/15 which is monday, hope he be right!
If they were to say they don't want to proceed to phase 2 drilling, what would happen? Would everyone just pack their shit and go home. just curious
BB, would like to hear any latest thoughts and if you have anything to add to what mark has been hearing! much appreciated.
Only reason i brought it up was because popx was posting yesterday for the first time in a while and he said he thinks they have finally agreed on some sort of deal. So thats what i recall him saying a while back about what he was hearing then.
Razor, no pop said it some time ago, it wasn't one of oily's recent predictions.
Didn't popx say a while back the deal he was hearing about was for .65 a share cash, plus a share swap. Pop if your out there could you chime in on wether or not this is what your still hearing. thanks
Kind of boring trading today, considering what may be coming our way shortly. I thought we'd see a little more volume than this! Maybe later.
That article also states the meeting to decide whether to move on to phase 2 is being held this week, mark has been saying that meeting is next week, so maybe their source has it wrong.
Does anyone know if mark is hearing about the release of drilling results from anyone other than his jda contact.
Mark, is any other source besides the jda saying results will be released within the next few days or week. thanks
No, he posted about another possible update after that!
Mark, were you able to get that latest update you spoke of yesterday afternoon! thanks
Mark, were you able to get any clarification on that last post you wrote. All appreciated, thanks
Thanks mark, appreciate your efforts!
Mid, your right but maybe they just don't care because they know none of that matters because of a deal they hope to strike with snp. But if they do plan to stay around i agree it doesn't look very professional.
Dam, i have more clout than i thought. just kidding of course and thanks mark!
Mark, hows about a good update buddy, i think the board could use something hopefully positive to chew on. Even if you haven't verified i know alot would be appreciative of hearing whatever it is you've been hearing! thanks
Pete, if i may answer that question, i asked the same question of him 2 days ago and his response was he didn't mention oil and condensate because the amounts were insignificant. But in an earlier post he said that he hadn't heard about block 4 and what else it may contain other than maybe 2tcf of gas and i thought he said he would try to find out. And also even if the numbers were small as stand alones, wouldn't every bit count in the end result seeing how they may tie all these prospects together.
Tamtam, so this would mean erhe has some say so as to when drilling results are released even though they've repeatedly stated it is up to the operator.
Thats what i thought, i was responding to what spp wrote about the fact that it does matter
Spp, why would the ability for some of the smaller players to come up with finances or wether their ready to commit have anything to do with wether snp decides to move forward, they are the operators so the decision should be theirs, and besides they wouldn't start drilling tomorrow it is just to let them know they intend on moving forward hopefully sometime in the near future And what choice do the other players really have but to follow the lead of the operator or possibly sell out.
Spp, so your saying snp needed a vacation after the drilling campaign is one of the reasons results have been delayed. Snp holds the cards in blocks 2,3 and 4 so who else would have made such a request if infact a request was made for a 3 month delay about moving forward.
Try, so a collective amount of 300mbl or equivalant is enough to deem the area commercial.
To anyone in the oil biz, what kind of numbers or info would need to be collected from these first 5 wells to determine if it is of commercial potential and thus making it worthwhile to proceed. I know their are alot of variables that may go into a potential project like this, but i am curious as to the basics of what is needed from this first round of drilling. thanks to anyone that can explain!
If i'm understanding his last response to me, he's now saying the amounts of other liquids found weren't mentioned because they are of insignificant amounts which are in direct contradiction to what some have been posting about block 4. God i hope we get some clarification soon!
Spp, thanks for the response. So the way i'm reading your reply is that you've heard more of the specifics of the gas that was found and nothing really concrete on the other liquids that were found. Is this correct! thanks.
Spp source said 250bcf in block 2, doesn't sound like alot of gas to me, we've been hearing block 2 was mostly gas from several different sources, i thought at least 1 tcf. Didn't we go through this with spp a while back about him only mentioning the gas portion of the discoveries.