Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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there was a "drop" from over 4k to 3.7ish etc after the middle of the month. one day surge is not a trend. it could be (as they did last month) a readjustment to get the average / backlog secured.
Could be a few possible reason for drop in throughput and increase
1 reduced production during drilling then increased arcompletion with new well
2 kept back oil due to price drop expecting bounce, storage full so pumping again
3 well productivity decline new well sill not drilled or duster but more 3rd party throughput.
There is no knowing without update.
This SP decline is dire! Wish they would buy back some shares while the SP is at dismal levels.
Low ball buy out looking more attractive by day!
What drop in OBA are you referring to? Seems to be up to me. Drilling will be complete, but casing in and flow testing might not be. I think they have become more reticent about declaring results before a full flow test, why declare anything until they know more, or in fact why declare anything at all? They didn’t tell us when it was spudded, I doubt they will say anything about the P22 side track that the rig may well have moved on to now. It’s an infill well not a new field. If successful OBA flow should pick up 400-800 bopd, before falling back a few hundred barrels when P22 is re-entered and goes offline. The hard thing from the data available is how much the effect of third party oil is having. We simply may not be told about every event as this is normal operational activity and not material independently.
Plantillo 26 is being drilled from pad 3N where Amer had success from drills 7 & 17 back in 2013/14.
Drilling from the pad to total depth would surely be completed.
Could be holding back results while casing& testing completed.
But the longer the silence the more I fear it's a no show.
Work from the pad would explain drop in OBA thoughts?
Cheers.
Almost 9million shares report late from yesterday this morning - tricks being played again, could be buys or sells, who knows or cares, though as the price rose yesterday if they are sells then there is another big player(s)_ in the market.
As sellers sell , buyers buy ..... we have been 12 13 p for a long time now .... don't panic
Do think that GC was telling porkies at the AGM about sellers
#believe
For better or worse they cannot wait for Sol.
Drill must have reached target around 10 days ago. Hopefully delay is for testing flow rates etc!! RNS due soon.. very soon.
Sol RNS I expect another month - end June.
I can wait!
With IIs selling very easy for competitors to be building a position to do a hostile. Management need to be taking steps to protect against this. We're horribly exposed at the moment. If platanillo work not gone well expect a delay in news - they'll wait to try and wrap it together with sol stuff
Yep... bit like they left tobacco cos years ago!!!! Fortunes made since.
Key will be the drill bit.
I took in another 250k today under 12p. Helps the average! But real proof will be in the RNS. I am happy to give the bod time.
leaving oil companies in droves, they don't want to be seen with dirty companies. Will only continue.
This is one very tiresome share to be in and unless it makes some big discoveries and changes the SP is going to stay down here (unfortunately) :(
far come back today by AMER.
well done.
Bit of a kick in the nuts to get rns on a weds - day on which we've historically gotten news and have active drills! We just have to see how this plays out. The drill results are going to be important in the near term. My interpretation of the two broker notes this week is that the second was a response to the first - indicating that mgmt see the minimum price as 35p for any offers
opportunity im thinking ,
GLA LTH
hmmm.. Buy high sell low. Maybe FIL haven't quite done there homework or know something we dont.
Some of you are making very simple assumptions - get a grip.
There is no reason to believe FIL are selling up, they are a huge organisation that build and sells holding via many investment vehicles and for many clients, they may be just rebalancing or selling out completely.
Lets wait and see before assuming anything, assuming the SP drop is a reactionary response to the news then it is ridiculous that some shareholders have been naïve enough to react.
I have however been a longstanding believer that the BoD should launch a share buyback programme - I think the BoD desire to get more cheap shares for themselves is preventing them doing the right thing.
They are not ding their bit for shareholders IMO. and it's no surprise if II's lose patience - GC is deluding himself if he thinks he can sweet talk them into believing the same old BS, that ship has now sailed without passengers
Some brought at over 20p, I guess IF this happens a lot of people could lose out big time.
then someone clearly bought. Selling that much is clearly done at a lower price, but I guess someone is going to stockpile.
Takeover here we come.
the prezzie's wont have the same old last slide about II support. or will they?
Just when it looked like it was starting to recover! Boom.....
Board seriously need to think about how to recover the SP or they will face future troubles, either by Shareholder revolt or take over.
shows how out of touch these guys are with their II investor base imho.. and II plays are huge here.. and from ongoing selling even at these levels the management team here clearly have credibility issues with II's imho .... that's a big big problem.
But success with the drill bit/production increases can of course make a big positive s/p difference.. reciprocally, of course, a Sol 1 duster would be further fuel to the fire
altogether, I stand by my plan to only top up here if this goes to single figures.
I listened to his vox a minute ago He seemed very very upbeat until the final comment "Some people maybe know more than me. We all make mistakes" What the heck does that mean?
people are getting seriously shafted now and Wardle is still spouting the same old mantra I hasten to call him a "medicine man" but I there is no upside in the share now. Wait to see what guff Malcy is going to come away with today
Has anyone got a link to it please?
When comparing oil companies
When the EV/2P multiple is high, it means the company is trading at a premium for a given amount of oil in the ground. Conversely, a low value would suggest a potentially undervalued company
What Is the EV/2P Ratio?
The EV/2P ratio is a ratio used to value oil and gas companies. It consists of the enterprise value (EV) divided by the proven and probable (2P) reserves. The enterprise value reflects the company's total value. Proven and probable (2P) refers to energy reserves, such as oil, that are likely to be recovered.
The Formula for the EV/2P Ratio Is
EV/2P = Marketing capitalization + total debt - total cash and cash equivalent /2P reserves
Hope that helps