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Oh ye of little faith! Oh ye of little faith.
After years of holding this share I will allow my dreams to exist in the widest of parameters.
fail to see how you could possibly sell at 5p.
My mistake it was Poland sorry
peterhouse broker report march 2018 they had a value of 2.2p
under valuation summary
Podere Gallina (Selva field) Italy Development 0.34p
Podere Gallina exploration upside Italy Exploration 0.25p
Bainet Romania Development 0.13p
Tesorillo Spain Exploration 1.50p
Overheads Corporate -0.08p
Cash (debt) Corporate 0.04p
Options Corporate 0.05p
Interesting Tesorillo value 1.50p given just on exploration.
Tesorillo is over 17p per share on a fully diluted basis for comparison with our conservatively risked assessment below.
Pxog last fair value 2019 was at 1.80p
El Romeral is not included in the fair value
http://prospexoilandgas.com/cms/wp-content/uploads/2018/07/Peterhouse-Initiation-of-Coverage-02.07.18.pdf?platform=hootsuite
gla
It was 0.76p before Romania drill , I was in at the time .
Since then , 3 placings , shirting and impatience have affected the share .
This share will have £4.5 million revenues in 2020 / 201 with net profit at circa £3.5 million without Spain . This for me equates to circa 1p per share but if you add The Spanish power station and Tesirillo then 1.70 is fair .
It will rerate in steps over the next six months is my view
advfn chart did not work, lse only go back 3 years
https://www.lse.co.uk/ShareChart.asp?sharechart=PXOG&share=Prospex-Oil
https://uk.advfn.com/stock-market/london/prospex-oil-and-gas-PXOG/chart/real-time
chart shows it went as high as 4.50p in may 2015, do not recall them ever drilling for oil
.
Sorry. Got that wrong
sp- share price as it stand today ask 0.1395p bid 0.11p mid 0.125p broker fair value 1.80p
Where on earth did you get the .13p?
Broker fair value was 1.8p on romania and italy only sp 0.13p
p2
http://www.prospexoilandgas.com/cms/wp-content/uploads/2019/03/PowerPoint-Presentation.pdf
Nope because I bought it at 3.75p and sold it 5p it it gone up close to 7p and they failed finding oil.
Do you mean 0.6?
It was actually over 6p before first drill in Romania
5p! Haha
So it looks like Permit Approval for our Italian asset will be the catalyst that should / could spark the rerate of PXOG - especially if they can manifest some sort of funding option from it.
Anyone care to speculate where the SP is likely to end up on approval ?