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No news on the aquisition.cash position not as great due to poor gas prices vas 10 well giving issues.no resolve suspension vas field nearly year now. Been massive disappointment rpt since all the hype
Great update. Overall cash increasing by $3m with weak pricing. EV is around £25.3m which is very cheap. No debt too
Half decent update there. Anyone else have any comments?
Very slow on these board, huge cash reserves still despite drilling.
Sister company, JKX doing well today!
Finally moving up
Yes gas prices are low. However the company is diversifying into oil. Once the seller goes, the price should rise.
"The Company has undertaken a detailed review of the available data on the Licences, and has estimated that there is a substantial Oil Initially In Place volume of approximately 675 MMboe. The Company and the Sellers are to agree a work programme to appraise the Licences, which will include the drilling of up to three wells, subject to satisfactory results of each well."
If one of these wells hits oil we should be in a much better position.
Natural gas prices killing share price.
The Owner - Novinsky owns circa 80% of the stock so he won't be too happy! Long-term this is a great investment.
Equi buys and sells it appears and the price drops circa 10%
Krok warned of this scenario.
Would be helpful to have his input again.
Rsi now at 15, one of the most oversold stocks I have ever seen with the amount of cash coming in. Completely confused with rpt
Way undervalued!!
How can it be allowed to be that you can't get any data on todays SP movements on this share, not even from the company website. Scandalous!
Will drill 3 wells someway off b4 deal can be signed and approximately 675 million barrels of oil equivalent, time this will take? Not sure markets over impressed.best use of cash?
RPT headline figure, 675 MMboe of oil. What is this worth? A company with similar reserves sold for 2 Billion dollars this year ;
Murphy Oil Corporation (NYSE: MUR) (“Murphy”) announced today that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary of PTT Exploration and Production Public Company Limited (“PTTEP”). PTTEP will pay Murphy US$2.127 billion in an all-cash transaction, payable upon closing and subject to customary closing adjustments, plus up to a US$100 million bonus payment contingent upon certain future exploratory drilling results prior to October 2020.
The transaction has an effective economic valuation date of January 1, 2019, with the closing expected to occur by the end of the second quarter 2019. Closing of the transaction is subject to customary conditions precedent including, among other things, necessary regulatory approvals. Under the terms of the transaction, Murphy will exit the country of Malaysia.
The year-end 2018 proved reserves (1P) net to Murphy were 816 million barrels of oil equivalent (Mmboe) of which 16 percent or 129 Mmboe were attributable to Malaysia. Of the 129 Mmboe of proved reserves, 70 Mmboe are characterized as proved undeveloped. The proved reserves are comprised of 468 billion cubic feet (Bcf) of natural gas and 51 million barrels (Mmbbl) of liquids. Total production net to Murphy in 2018 for the properties to be divested was over 48,000 barrel of oil equivalent per day (Boepd), comprised of 62 percent liquids.
hoping buy licence-holder to get access to significant oil and gas reserves in the southwest.
50k shares bought and price falls circa 11.25am .
Frustrating. Believe there is a significant appetite for these shares not reflected in share price. Borne out by any sells are hoovered up instantly.
Seems a half decent way to spend our huge cash reserves to me while we continue to make money every day.
Hopefully this creates some renewed interest here as it's a great share and company but has become unloved.
Bought in around 40p. Pretty useless this one to be honest. Is there anything to be hopeful about for this one?
Gas prices taking hit.sellers too
We are being tested.
Not enjoying this ride one bit.
Bloody joke, 15 share sale they drop sell price to 26p, another 10k share sale they raise sell price to 27.5p all the time with the buy over 28.
games games games
Spread has tightened up again I see. Let's see where this is in February.
Going to hold for 50p plus again which I think we can get back to.
Only reason this is dropping is boredom as people chase other shares like I almost have myself.
Gas prices pushing up will once again put us in the limelight, if VAS gets sorted we could get there quicker than expected.
MM having a field day making this look bad but opening up the spread, today they have dropped us almost 8% for no real reason at all yet still over 28p to buy so hardly changed from last month or so. Hold imo
Date Product Value Price, USD with VAT Deviation, %
29.10.2019 Natural gas 17 000,00 thousand cub. m 242,64 +15,93%
23.10.2019 300,00 thousand cub. m 210,11
So ,the price is coming back - slow-to the normal level.