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great bit of news today, onwards and upwards

GUTTA,mucho oil at HH...

Looking good, enjoy ur hols!!!!

GUTTA,Tony is presenting at Oilbarrel Nov. 8th and that means a busy 2008.

onwards and downwards after good news,seems very strange.

might be some profit booking and of course the flow test has not been done- so have to wait for further news on when they are planning to drill.

must just be the flow rate issue.

winner,Cenkos estimate 63m barrels of oil recoverable....

Hermana, Can you let me know where Cenkos estimated 63m barrels? so does that equate to 25 mb for pvr?

GUTTA,they put out a note after results. PVR are on for 48% of 63mb ie 31 mb.

I thought 43%? Thanks

GUTTA,FGT only coughed up for 7.5% instead of proposed 15%.

fgt?

Forest Gate Reources,partner at HH.

hermana does that mean they will still be in default?

sea,no as they are expected to be able to cough up their 7.5% divvy.

New dawn today after sad news yesterday that a good friend and PVR holder from ADVFN PVR thread,Tinjam aka Jack Coady has died.
Jack's kids will be heartened to know that next 6 months will contain many glad tidings for patient PVR holders,imho.

Reminiscencees of Jack Coady,gentleman and industry player.



....Been around the business for 35 plus years - roughneck - materials man offshore drill ships - mud engineer - sales & marketing management for a service company and developing the business in Far East, Middle East, Africa, West & East Europe. As my career rose, so did the opportunities to rig visit decline and what I really enjoyed doing, a bit test for ROP optimisation. You know how that works, you spend your time managing people and agents all over the place. Subsequently, you get out of touch with field operations....

...The last company I worked for in Dallas, based me in Spain, when my contract was up, I retired myself to live in Spain. Got bored with sun/sand and looking at gorgeous chica's and the bars, for a while. Hence then investing in Junior oilers and feeling like I'm back in the business....

...There have been a couple of Mrs Tinjams along the way, but I have a free rein now...

....I'm in the Malaga area, just seemed a convenient place to base myself - my company were paying the bills - close to the airport, I was doing an average of 100 flight connections a year around Europe, North Africa. Story of my life, catching flights to shiteville some place. Over my career, I estimate around 5 million miles, 2500 flight connections. I've had enough of that, I do not even like catching a flight to the UK now, which I do 3/4 times a year to catch up with my grand-kids.....

....In many ways a facinating life, I've been fortunate, caught the right industry-era, great ex-pat benifits, opportunities, in Singapore I even had a car and driver for eight years, until someone figured it was a perk too far...

...Well, yesterday was a lost day, somewhat, Big sixty-year celebration, why not, I still feel forty and I keep fit with daily excises, a mix of Chinese Tai-Chi, moving meditation stuff, a few kungfu moves, lots of stretching, while I catch up with CNN, Sky & Bloomberg. Works for me anyway.....

...Rest of the week was a bit of fun, emailing back & forth with two very close buddies from our Far East days. The chronicals of the three of us, working hard & playing hard, from Bangkok to Sydney and the way the oilfield, used to be, the good ole days.....

...Well another tour of tough duty this week on the Costa, might have to resume some lifeguard duty as the beaches start to fill up with wonderful sights, sounds and a glittering sky.....................................

Sorry to hear about that

GUTTA,Jack was a very knowledgeable oily and attended 2006 PVR AGM with me and another poster from ADVFN. His only ever AGM too.