New Age's FLNG progress With a hat tip to 1msn over at ADVFN, it would seem that New Age have quietly been making progress on the FLNG project:[link] have a subscription?Meanwhile, for background to the FLNG project, a further hat tip to Oilretire who posted this on ADVFN back in December:[link]
Re: geopolitics Oh I get it now, he's giving me financial advice and psychological counselling.
Re: geopolitics CTC123I suggest you read Inda's post again , I think you are missing the main point he was making .
Re: geopolitics IntheknowYou raise a number of valid points.However, I said we are not as vulnerable as vog who operate onshore, although our offices and supply points are onshore. Meaning vulnerable to civil unrest. The country is strife torn at present, socially, politically, and fiscally. The Govt. cannot pay for energy and have run out of money. They have historical divisions which are now coming to a head. When I first invested in 2013 the country was a much more stable place. I still think blvn are in a good position and am hopeful the appraisal programme will succeed. Im not about to sell out now, and now believe the new management are sincere in their intention to work for all investors. Note the DRC have just put up taxes on mining companies despite vigorous objections. In some cases they have nationalised industries. A change of political leadership after the elections could change everything. I'm only trying to point out what I think are relevant issues that could negatively impact on an otherwise potentially profitable investment.
Re: geopolitics CTCNot really sure why you think appraisal drilling now will be impacted by social unrest on shore. Elections aren't going to change that Cameroon needs to monetise its resources to fund its country. However, if you're worried, maybe you should consider selling now and avoid the stresses of owning shares in a company that operates in Africa (and has since inception)? You'll get more now than you would have received 2 or 3 years ago. Selling would also mitigate your concerns about Newage and Lukoil not announcing anything. You'll probably also be able to sell prior to the drill results - bound to be a pump and dump at some point before the results are known.
geopolitics another concern that I have here is the local situation is not too good. A lot of social unrest at the moment and elections coming up. villages getting burned and police being shot. It must be good that we are off shore and not as with vog onshore. I am hopeful of a very positive outcome after five years waiting.
Re: drill progress/outcome yup........its just par for the course.......usual spiteful and infantile comments from jac only when the SP is down and throw a few lies in there just for the h3ll of it......SP had been over his 35p sell and COC initial buys and their involvement SP for some considerable time of late, but now oil is down, markets are down so goes BLVN, no surprises there IMO.......look at the share prices of ENQ and PMO and RKH etc etc no real shareholder cares about daily or even weekly fluctuations - drill results are the only game in town now...........its guna be just over 100 days (I think?) til we know them, reckon SP should be 45p+ before the results, they come in good its the 50-60p range before a sale............based on POO and reserve numbers could be over 70p.........maybe even 80p.........its not impossible........?
Re: drill progress/outcome JacIt's been higher in the last couple of weeks than it was when you sold out. Just saying. We've also got a drill to look forward to. I'm guessing I'll see near double what you sold for before the end of the year.GLA.
Re: drill progress/outcome BLVN are a public company so it doesn't matter about the status of the other stakeholders. Any news which has a bearing on the value of BLVN must be disclosed...Nice drop today...... Still no rise above what the SP was when COC got involved. Just saying.
Re: drill progress/outcome Nonsense IMOnew age are legally obliged to update the JV partners on drill results - then BLVN are legally required to update the market What % do you put this risk at? Are you saying essentially we may never know the drill results?
drill progress/outcome One concern here might be that New Age being a private company have no requirement to make public pertinent details of the drill. Not sure how Lukoil manage their news flow in the market domain, and blvn do not have anyone able to bird dog at close quarters what's going on. Just a thought ...
Re: Bomono - sort of Have to agree with you there. Where is everyone by the way? Gla
Bomono - sort of VOG released an operational update this morning which I fully expect will see their share price fall. The reason I mention the operational update is twofold. There is not a single mention of Bomono, despite previous references in their previous operational updates. Additionally they haven't resolved the issue with ENEO and as such have no major buyer for the gas. So, all in all, the prospect of Bomono ever returning a dollar of the $100m expenditure looks slim.
Re: RNS re Spud Blue Horse doesn't write the RNS you know.The biggest danger to punter shipping is fanboi group-think when it comes to oil shares.STAY REALISTIC! 60p IS realistic and probably conservatively so assuming the appraisal program proceeds as expected.However, I've had BLVN Shares since the 135p days BEFORE the 500p days.
Re: RNS re Spud Don't be surprised by rises and falls throughout the drilling campaign. You can also guarantee that lots of new posters will turn up here with 'news'. When bluehorseloveschipfat arrives you can guarantee that the boiler crew think we're ripe for a pump and dump....