Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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.
Hi HFB, I bought a few Boil shares for the first time this week after doing some research and reading your very informative posts. One question - the $64 million dollar question - is what price, in your opinion, could this share reach if all the stars align? All the best, J.
At the moment the sky's the limit, the eventual price who knows, I never use sp
its a meaningless parameter only of use to the here and now Traders, skimmers
and scalpers
its a function of Market Capital divided by shares in issue (could go up / down consolidate)
I always look at things in term of the one thing that counts ACHEIVABLE market capital
value
at the moment we a floating MC £4-£5 Million with an asset that could be worth Billions
e.g. copl currently in rto they have 31m barrels of oil reserves with upside, at the point of
deal the going rate in the USA was $7.5 per barrel in the ground value alone makes £167.5m
Shell developed the Chuditch license and have historical 5.73 TCF Gas which at standard
conversion rate of 1TCF = 170M barrels = 974 mboe HOW MUCH IS THAT WORTH at in the
ground prices npv 10 / regional risk for area ?
a lot more than 31m at £167.5m that's for sure, at a mere $1 its almost a billion
The next bit is how much further dilution we make to fund drilling and or who comes
in as the major operator partner and at what percentage of the license, they could
pay us millions in cash , we retain x% or a free carry on a well program
BUT in each case the sheer scale of the license , Shell also noted multiple other leads
on the other side of the license 2 of which it though could be large oil or condensate
reservoirs
IF not taken out completely early doors for a suitable HIGH offer, even a retention of
15% with say the original operator Shell taking 60% the local Gov NOC has 25%
Could still leave us with an asset worth hundreds of million and higher with a market
assigned P/E when in production
Lets get to 0.5p and then 1p first and see where events take it lol
:))
Thanks for such a comprehensive reply, HFB, it is much appreciated. I am even happier now that I invested. I’d be ecstatic if we hit 1p. Any higher than that and we enter the realms of what I’d consider to be mind-boggling amounts of money. Wishing us all the best. J.
Shouston
hey m8 how interesting it appears they still have an office in Timor leste
(East Timor) lol
Shell did hold with Conoco Phillips a large chunk of the mega Greater Sunrise Gas
field as well as Chuditch before they moved on lol
All waking up again in the area film title coming - Return of the Shell , Chuditch awakes
lol :))
https://www.shell.com/about-us/contact-us/contact-east-timor.html
Cricky, having to wrap a towel under my chin, as I am salivating so much with each new informed post!
I thought I was lucky with COPL, but this is in another league .
I would be happy if only 50% came off. But looks like the old Shell discovery that they spent £37M developing and concluding that there is 100% chance of significant resource!
Sh t need to grab another towel. Lol
GLA
anytime J
we are both in the same boat m8, I have been in for years and would like
to add some real chunks but our mutual suspended rto share holding a
considerable part of my PF right now (sod's law) lol
Patience friend.
Be glad that you have already had the foresight to have invested in both!
Ps, the equivalent expenditure originally by Shell would be nearly £60m in today's money.
GLA
Appreciate your insightful posts @hopingforbags.
I've been in BOIL since last June (trading it) but given the recent placement and news of increased holding in SundaGas, I have started to build a stake in it.
Steve as
it goes like this Australia and Timor Leste had a falling out for many years over who
got to do what , owned what etc for all the Oil/Gas in the JPDA as it was known back
then , basically the large Timor Gap seaway between the countries
Force majures all over the place and all ground to a halt, nothing moving nothing
being developed , after a lot of years, some agreements made to return licenses
to government etc and Major players like Shell (owned our license) and USA
Conoco Phillips departed
This allowed lesser lights to move in an pick up licenses for a song, in our case a
newly formed Singapore registered outfit SundaGas picked up the available 75%
of Chuditch - all licenses auto 25% remain Government state NOC owned
2-3 years ago our BOD attempted to steal their steal with an RTO of 100% sundagas
market was not good at the time and could not raise enough finance, so just took
33% of SG giving an indirect 25% holding in the license
We have just raised finance to take that up to 85% and 64% (why now is the question)
Prior to their exit SHELL owned Chuditch license ,spent 37 Million on development and
drilled the large Gas discovery well in 1998 and put out a report of acoss the Chuditch
leads 5.73 TCF = 974mboe with upside of other leads to the South West suspected Oil
and/or condensate
If the new seismic proves its all still in place our minnow owns a MONSTER
developed by a Major
Always Shuston
as you know I am a great fan of the Bard of the Market
and when asked what are the 3 most important ingredients to successful investing
Warren E Buffett replied
Patience , Patience and oh yes Patience
:))
HFB. When you look at what BOIL have raised ,all those Billions of shares is taking a huge risk,unless they knew something compelling to persuade them.Thats the scenario which makes our involvement so attractive. Why w ok uld a minnow like Baron take such a gamble unless they were convinced it was going to pay off Big Time
yes PB
the 2 links I just posted show the sheer scale , size and upside established by Shell
but as said earlier having failed to RTO 100% of SG 2-3 years back , why the sudden
urgency to raise and take a bigger stake NOW ?
Others are finally after all these years getting back to work south of Timor Leste
perhaps the rumour of talks in the background have some merit and we will have
some sort of news / movement on the license, long before the seismic arrives
:))
and if you look at the other link you can see the area of the discovery well area
is all covered by the 3d now being reprocessed by TGS
https://www.energy-pedia.com/news/australia/tgs-to-enhance-cross-border-seismic-survey-for-offshore-timor-leste-and-australia-licence-rounds-182614