The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
That’s alright for him Massiveray but also shows you have confidence here!
Agreed sam, my 19 year old son has accumulated 1 million shares but to be fair I have guaranteed his investment:)
Dutch I don’t have a large amount invested but with just £5k invested today if it reached 10p you have £100k in the bank, which if you look at tiburn a figures and look at what we have it is possible
Fossil Fuel will be histrory in about 50 years time but not now. Everything you see around you still has a connection to oil and gas. DYOR
i have some stock here but not enough risked to become a millionaire or even 4 zeros
Fosil fuel is history
Dutch
London if I was you I’d get in on a drop when it’s right for you but don’t go all in at once and then if it drops further your able to average down, that’s what I did and now hold just over a million shares, this one for me is a long term one if only this comes right and I get £50k out of it I’m happy, which if ratification comes is quite likely
Dutch so why are you invested here if you don't see the long term potential or aren't you?
Very few (tiny percentage)of investors become millionaires or even make decent profits on AIM .....
Most lose money
Dutch
Cheers London are you in here yet?
To also think this could be within a couple of years as well!! As I believe once ratification is granted they will want to start drilling ASAP
I know long term it’s not a good price but if I held until 5p and sold I’d be ecstatic but then I think if I’ve held through the major risky times like this I may as well hold for the end game as at 5p I’ll have about £50k and 10p I’d have £100k that’s life changing money for me all for an investment of £4k you can really see how people become millionaires from stocks like these at these levels and having patience
Tiburn, thankyou for that breakdown that is very useful and ties in to what bridges predicted as well and breaks it down very well for new investors, all I can say is with EUA I sold way too early and don't want to make that mistake here!
Tano Basin is proven, with multiple producing fields surrounding CLON licence area as was.
SP drivers and milestones – estimated SP scale (would welcome other views)
• Anticipation of ratification, news of meetings occurring- 2p
• Ratification of PA – 8p
• Major farm in taking 30% ownership overall – new structure of CLON 40%, PET 20%, Major 30% and local 10% – SP 12p
• Drill plan announced - 14p
• Spud of drill – 15p
• Oil strike of a 1 billion barrel field scale and proving up?
Its probable that CLON will sell their share of the asset once proven to the highest bidder.
Oil company M&A Deals are in flux presently but in one to two years could be normalised.
A recent sale example from Tullow of their 1.2bn barrel Lake Albert Ugandan asset in April 2020 for $575m, they are looking to consolidate assets and focus on their fields in Ghana, Suriname and Guyana mainly:
https://www.proactiveinvestors.co.uk/companies/news/917919/tullow-oil-unlocks-us500mln-cash-in-uganda-asset-sale-to-total-917919.html
“Tullow Oil PLC has struck a cash deal to sell its entire Uganda business to Total for US$575mln…..
Once up and running it is envisaged that Lake Albert could produce some 230,000 barrels of oil per day as rates plateau.
Development of an initial 1.2bn barrel project was greenlighted by the Ugandan authorities in 2016 and the project partners are on the cusp of taking the FID. Tullow farmed down its original 100% stake in Lake Albert to Total and CNOOC via a 2011 deal worth US$2.9bn including partner spending commitments.”
So once proven, a billion barrel field with CLON ownership of say 40% retained is equivalent to around $230m or £184m sale value if this deal is used as a benchmark.
With 717m shares in issue currently = 184/717 = 26p a share value
Assume a block held back for development, could still be a potential 15p special dividend payment per share for the sale of asset.