agreed on zero faith in current board. have voted against all resolutions to make a point. Clarksons operational and resource evaluation failure on bomono should be acknowledged. addiotinally, with no operated assets, 2 of 3 ned's should be released. hence my comment on 'corporate failure' contributing to zero asset value.
I was using Fibonacci ratio's which came up with £2.44 which is still my target sell point!! Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
Now just hoping Lukoil and n/a can drive etinde and KH finally gets bomono to revenue ( which is a way for him to save his job) if done in reasonable timescales
NT-Can you comment on the source/assumptions of your 2.44gbp target? My evaluations indicate a 2.46gbp/share value for Etinde 1TCF resource (incl. Bomono 40BCF resource). The two Etinde appraisal wells are targeting additional resources of 2TCF(P90) and 6TCF(P10). Respectively my model gives eye-watering values of 19gbp/share and +100gbp/share for these successful appraisals (using 65usd oil; 10usd and 7usd gas for Etinde and Bomono; and taking 20yr NPV(10)). I am trying to be patient for the… Read More
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