The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Your right Ms Krapp............!
you'll props hang around, like a bad smell, when we're trading in double pence figures......... :(
All the best (as your part of the team............ we welcome that :)
the naysayers days here are numbered imho :)
Ross is looking to invest (cough..!) outside of T&T now in4..........!
as he doesn't hold a position (long that is......!) in any T&T O&G co. any more.......... :)
All the best (which he says is unusual.........!)
Saffron is going to be a small step financially on to the first rung of the Swp ladder. Apart from the obvious income from the oil, the biggest prize is increasing the assets of the company.
11.5m of recoverable reserves x $50 will be a huge increase in the asset and there are 2 unknown quantities in the Upper and Middle Cruse
There is a risk that the quantities will be lower than the P50 but there is always the chance of them being higher.
I'm looking forward to the confirmation of the reserve numbers
If the flows are good Cerp finance issues will ease, if they're not up to expectations it will not necessarily effect the recoverable numbers just cost more to get it out
11.5m barrels is a lot of oil to go at and I hope the plan eventually is for a horizontal drill, which produce 3x more than a vertical well
ATB:))
Irene - As a third rate troll I think you know very little about the Suriname opportunity but troll rossannan asked the other day how much capital to get us up to the 16,000 bopd from the adjacent plot - do you know the answer?
What are the netbacks on 16,000 bopd in Suriname on the PSC - actually I'm ramping a bit there cos the Government will probably take 8,000 bopd ( after funding the capital cost of that part of the exploration) .
Thanks for ventilating the Suriname opportunity - I was getting worried it wasn't getting the attention it deserves - even rossannan likes it now !
Ross does like to bash CERP, can you please take him back from the TXP board ha ha.
Thanks Ross for your reply. So your out today.....that's good. Put your feet up and watch a good film. No need to bother yourself with Cerp today.
Very exciting times Magoo - I also like the fact that the majority of shares are in very sticky hands... so it has the potential to rocket - fingers crossed.
I hope your right... I'm banking on the masses not realising the value of CERP until its far too late.
pmsl...a couple of details gone wrong there!!
That article is written by a robot, I reckon
Good Morning Ross. As you have admitted being a shorter, will you be shorting today......just asking --- lex can reply for you if you want......
https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/Oilfield-Services-Face-Crisis-As-Shale-Slowdown-Worsens.amp.html
Not long now for the bottom of the shale band to kick in and send oil prices up
A supposedly expert organisation which starts it's opinion piece with the statement, "Columbus Energy Resources plc engages in the exploration, development, and production of oil and gas in Trinidad and Tobago, Spain, Cyprus, St Lucia, the United States, and the United Kingdom" , has little or no credence IMO. It is many many years since even LGO had any involvement in most of those locations.
Would love to see 62p however / whatever it takes to get there. That’s a life changer for me..I’d receive it anyway it comes.. open arms...Happily... lo
Going to hold for 62p now..
Hi Peter
The Nav chart on the presentation is a better break down based on the Finncap source of 4th October, showing how it gets to 32p but most is unrisked and incorporates a 20m reserve target. The 62p may incorporate a 400m reserve target
ATB:))
So tempting to buy more, I am strict on not exposing myself and no more than 5% of my pf
note we have two sp targets now, 15p-21p. with some upside noted by finncap. Wouldn’t mind a 3rd sp target. Btw, these targets are just opinion: even for FTSE companies they end up either over, or undervalued. It’s just a tiny piece of the jigsaw
62p... would be enough to meet the Mid-Cap status.
However, its only undervalued if CERP manages to prove up the assets they own.... but as its the SWP its entirely possible that there is more than £500M worth of oil under the ground in that region. Then 62p might be a drop in the ocean.
you are an honest guy, Peter, which is why you posted this. Wouldn’t get too worked up: lots of nonsense out there (loads of it usually posted on this BB; lol)
I thought VSA's estimate was over ambitious but at least they explained how they came up with that figure, but 62p seems to come from nowhere if you read the whole simplywall.st page
Just go with it Peter i know i will
LTID
Robo-analysts are ten a penny out there.
How do they get an SP of 62p
I have done the maths to check and 4.1p is 93.4% undervalued but cannot, for the life of me, see how they arrive at these figures
93.4% undervalued means 6.6% of its fair value
If 4.1p equals 6.6% then 62p equals 100% but I still don't get it