Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
read two articles this weekend..
sweden brink of civil war
france is on the brink of all-out civil conflict
when the germans were preparing for war they had agitators in many countries kicking up ****e....
now if putin can get a movement going to get rid of alcohol duty i might be tempted to riot..
https://www.youtube.com/watch?v=hamkl-su8pe
France I suspect is always on the brink of a civil war, the people revolt against anything they don’t like.
Sweden just read about that actually, a lot of it is due to the unsuccessful integration of migrants. Apparently they have 25% more gun crimes than the uk.
Both opportunities to target discontent, and cause divide
How have He1 budgeted $5m to drill 150m, that sort of money I would expect Tai another drill.. don't have to rent a rig, and its capable of drilling that in 1 day ????
With HE1 they own the rig but not the staff so they prob pay over the top to get people to do a month assignment so I bet alot of the money is going on the labour rather than the rig its self.
$5m is the cost assigned to drilling and associated services not testing ?
Rig Equipment and Drilling Costs 2,490
Drilling Services 2,560
I am guessing that rig has had a load more cash spent on it, I don't think they have put drilling pipes and casing under rig equipment before..
Well Testing Services 1,140
Wellsite Supervision 510
If it takes 5 weeks to drill and test, thats 100k/w in supervision, its as much as Noble are suggesting to test the gas cap ?
Hmmm costs are most lily hidden, big payrises, pay people off etc Its all just grouped together to reduce scrutany from the share holders.
They prob want a big chunk of cash gto tie them over as once they drill this well they really need to wait until next year to take next steps so have prob saved a few mil just to keep the lights on for the next 8-9 months.
Yes Dai
I have highlighted these drilling costs on the bb first thing this morning - no one seems bothered to discuss it further. You are the only other one to pick up on it .
Strange lot over there !
Lol, I did last night too..
Its all about trading it now....
The costs are crazy, site supervision, safety and community +$1m, for probably 4/6 weeks....
Radison Camp $0.5m,
High Rollers, spending others money
Apologies Dai
Didn’t see your overnight posts - the lunatics have taken over the asylum there - no one seems to care about the cold hard figures . Costs are out of control & no one seems to care .
When the BB is like that I miss posts directly at me.. I do it here to, I blame the computer...
Are those the actual costs , and only for the 150m drilling, or what they have budgeted,
Its so hard to believe in that BOD, always something to make you doubt what they are saying
In these situations your better off not engaging with the BB, its full of traders and newbies who havent got a clue. I suspect most of the LTH are gone/ so under they give up on the share.