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.
Also, what was this mystery email? Any more details?
Charlie sums it up bang on, I am expecting a nice upturn.
Let’s get the prospectus signed off and the real money making trading can commence.
Lets hope the FCA pull their finger out
Nothing will be RNSed that can effect the prospectus being accepted /agreed as it will effect the rest-list!
M22C
Let’s put it another way
The quote of 1800 bopd lands with Q1 accounts.
Now given we have increased to 1800 bopd that would mean if you and everyone else reading those accounts would know no change would be seen in Q2 figures (as per your reply increase will not be seen till Q3 accounts)
Now given that Q1 was delayed. Q2 are pushed back to 31 August why would you tell the market what to expect?
After all when they land everything would already be priced in.
However, if there was a dramatic spike in bopd ……… what does that do to sentiment?
I mean those words “Barron Flats is responding beyond expectation” - RNSed after re-list!
Charlie
Ok great if it is but as you say an' email '.....
Isn't quite an RNS announcement
M
Don’t show your full hand, sometimes you only leave the Ace turned.
We will see if our source is correct by the end of this month
As I said in my post
“We are now into month 5 there could be another cheeky one liner telling the market the current bopd as seen in Q1 accounts again showing a higher bopd than the end of Q2”
I am hearing that miscible flooding is reacting better than expected. Given the price initial jump after 4 months of 50% I believe a similar jump will be seen by the time Q2 accounts are issued as they have till the 31 August.
This said I agree with the 2500 bopd Shaa quoted.
He has also heard the same information as me which was quoted from an email so let’s wait and see
Charlie you seemed to be agreeing with Shaa's
Q2 showing 2500bpd comment
M
Charlie1984
Yes thanks am aware of the eeeeelastic effect
Q2 will show little and the true reaction won't be fully known until Dec/Jan
M
M22C
You maybe taking the instant 50% out of context.
Understanding miscible flooding you will realise that it’s instant as it take sometime.
i.e the rate of input is not directly associated to the output.
Ed yeah thanks i knew not sure Charlie did with his "instant" 50% increase comments .
On the 26th of July when they released the Q1 report.
Regards,
Ed.
Wh at date did AM make that comment?
Charlie glad to point you in the right direction
Nice one Charlie.
Arthur Millholland, President & CEO, commented:
"With the acquisition closing on 16 March 2021, the Company's production averaged 1,220 bbl./day oil (gross) 706 bbl./d oil net for the term of 16 days until 31 March 2021. Current oil production has increased 50% to approximately 1800 bbl./d (gross) due the commencement of increased gas injection volumes on April 1 at the Company's Barron Flats miscible flood project.
Q1 is up to 31 March
Q2 is up to 30 June (extension to submit up to 31 August)
Q3 is up to 30 September
Yes. We read John Buchan's " Prester John" at school ages and ages ago One Chapter Heading was " Mr Wardlaw has a Premonition". I've occasionally used it over the years. Lol
Premonitionbob!
I just have this premonition that Art has a huge positive surprise waiting to be disclosed once we relist.
It ,may be OPL226 or another acquisition--or both. Atomic is just the stepping stone to much bigger prizes IMO
Shaa How can you have 2500 bpd in Q2 when AM's stated 1800bpd is dated in Q3 ?
Best case scenario of 20% per month uplift , we are around 2000 bpd at the moment .
1800 bpd was confirmed at the time of the Q1 accounts being signed off by AM not in the Q1 accounts .
it will be in Q3 accounts .
Exactly Shaa, the re-list will not reflect the position we are in.
We know it’s based on the production figures of 1800bopd stated in Q1 accounts.
As you say the profit takers will be out, Q2 accounts will land and show the extent to which miscible flooding is reacting positively.
We seen an instant 50% uplift from the introduction of miscible flooding on the 1st April.
Given this they will be 3 months figures showing the increase in bopd and response to miscible flooding within Q2.
We are now into month 5 there could be another cheeky one liner telling the market the current bopd as seen in Q1 accounts again showing a higher bopd than the end of Q2.
I also believe there to be other updates that will strengthen then SP rise.
If you line the dots it doesn’t take a rocket scientist to work out there is much, much more goi g on behind the scenes which will also be updated in detail upon re-list.
I sincerely hope the HADRON days are well and truly over. Wonga involvement most unwelcome and unnecessary now