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Mystic
as I explained to you previously the Pantheon sp has never been as low as one third of a penny so please do not post incorrect rubbish -
you posted -
"Are you being serious? You honestly think I'm over here returning the favour (from my dear friends) after buying PANTHEON at 0.0033? "
Bit cheeky of you Whoops to tell people to move on. I have a large investment here and have been holding it now for over 4 years. It's stating the obvious that there will be no drilling until the money is raised as they don't have enough, we are discussing regardless of the vender financing initiative if it's worth raising some money to drill this summer. It will not be long until we will need to raise money to pay the bills anyhow.
Until we have the money we won’t be drilling, simple. I have confidence in Jay, David and Bob to deliver that’s why I continue to hold, what for me, is a large investment. My advice to all is if you can’t say the same move on.
I must add I really respect them but they shouldn’t be selling to the masses . Maybe get the new Harvard qualified lady in front of the camera
I totally agree
I wince when they speak as they laugh at the so called hideous questions. Very little understanding that not all investors are knowledgeable oil folk.
If you look at David Hobbs face when Jay and Bob speak , think you can see the strain .
Most people want to see them perfectly aligned and definitive
I know management read these boards. If it was up to me I would have DH do the whole presentation but I'm sure he doesn't want to seem to be sidelining the management team. Bob is a great guy and an excellent asset to the team but his presentational skills are very poor. I would have him take a back seat.
Maybe send investor relations an email suggesting they do this
Onceabroker they are not brilliant at these webinars and we always get a hit afterwards to the SP. To much hopping around between presenters and too much in the weeds detail. Just needs one person presenting, to lead investors by the hand highlighting the important bits. The tech detail can be given separately to the retail investors and oil companies, the average AIM investor is just looking for the good bits in clear and simple language. Difficult to please everybody but as you stated 'Lead the market by the hand'.
Mystic you better hope for some excellent results from your flow test otherwise I am quite sure you will be getting visitors looking for payback.
Wait until they dilute to raise cash soon - 15 to 20p incoming 👌
Olderwiser, re your excellent post at 11.21, you hit the nail on the head. The message was excellent but the delivery and structure was poor. They should have said "this is what we projected previously, and this is what we think now. Look at the huge uplift!" As an ex-broker, I would have structured it exactly like that. Lead the market by the hand. Maybe you should have done the webinar :)
Twat!! just reread all the posts TIN HAT
Sector is is rallying today. PANR, is retracing and may find resistance from yesterday japanese candlestick spinning top low of 37.3. Fibonacci retracement levels are 38.2% sp 34.3, and 50% sp 32.3. September highs, are in the region of the fibonacci 38.2% level of sp 34.3, lending strength to the likelihood, of retracement bottoming there. The RSI(relative strength index), will remain above 50, in an equity uptrend, so in this case, expect bounce from near 50, or a brief drop below 50, before crossing back above. The RSI, crossing above 50, is a buy signal in a trending equity.
"there is a difference between .33 and 000.33 "
lol, actually they are the same, but just couldn't resist.
Seahawk
Yes they could raise, drill into the Ahpun topsets, score a great set of data, come back do a 10000 ft lateral and show the market a great flow. But then it would all have to be parked until they had production, refrigeration, reinjection wells and compressors.
It would be a lot of resting capital, they don't believe is needed, as the data has already shown what is there.
They are in a great position now, permitting is a slow process, they have begun. there is no point in spending capital in advance of it being able to give a return
Thanks tony, contingent resources stuck in the ground (Stranded) are valued at almost £0 till they are moved to P.
I stick to my guns here, grossly over inflated MCAP at this stage of the cycle and with no production.
11.21
Olderwiser,
I think we're all on the same page when it comes to the asset value and its potential. Both are fantastic and every RNS appears to be adding to that - wonderful!
I wholly agree with Seahawk though, that the missing element is securing the funds to get the stuff out of the ground; here we have a circular argument. We need more funds to do some more work in the short term to convince those who may ultimately be interested in backing the company, or buying it, to invest. So we need it now.
We now have gas an a 'potential' further revenue stream - one which was, hitherto a liability but now may 'potentially' add value. Again, all fantastic 'potential' - that word again.
The only way to turn that word into income is in capital invested, wheresoever it comes from and in whatever form, equity or debt. For the latter, and back to the circle, we need proof of the ability to get the stuff out of the ground and we need equity to leverage the debt.
I know this, to you and to most, will be statement of the blindingly obvious and I don't mean to demean, but it's a huge frustration - not just the 'get rich quick brigade'.
Hopefully, the business will soon find the investor. It needs to if it is not to lose credibility in its extending fundraising timeline.
Keep believing in the tooth fairy and the fairy godmother!
Here for the long term as a LTH.
Good luck.
cb
What you dont appear to understand is that there are multiple factors driving share price - here are some of the reasons EnQuest are trading at a relatively low market cap:
1) Over $400m in debt - thats more than its market cap and high !
2) Nearly $700m in decommissioning liabilities - that's around 2x its market cap and extremely high.
3) Operations primarily in the UK - high taxes and lower profit margins than many other regions in the world
4) 11 years of reserves - not bad but not great either
Reasons for PANR's valuation - I think it has around 2B barrels in contingent resources which are set to grow significantly. No reserves yet and still a few question marks - but if they execute on their plans - they will be orders of magnitude bigger than EnQuest - its not all about BOEPD - valuations take into account resources / potential reserves.
Still waiting for your explanation ....there is a difference between .33 and 000.33 but you cannot explain that as you think they are the same you TIN HAT... Just check your posts
No worries HOPE you do well here .JUST my thoughts on calcs and time to first big production
No money left.
Yes, it's just way out of whack of anything reasonable. Do you not agree about the valuation?
Olderwiser I honestly get all that you say, but it has now been 2.5 years since we were last out at Kodiak where I believe we need to show we can get it out of the ground in good amounts. That concrete mistake has cost us dearly.
The BOD constantly bang on about being in the right location by the road and pipeline yet to me we do not seem to making the most of it. Raising 20M to have drilled this summer would have been easy and quite meaningless in terms of the number of shares in issue.
GGG - your a scum bag. You should be plugging DELT on its own BB. You do this all the time plugging your latest stock on other forums - as I said - scum bag !
SAS
Would you be the co pilot they rescued from the mangrove swaps, or the one from the troughsnout district