The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I did wonder. Thanks for that
The 35 mill trade was a buy at 0.0198,not a sell at 0.019. dl
Now we wait for Cinnabar update
The decision was made to perform a recompletion prior to installation of artificial lift (pump jacks). This is expected to take place in the current quarter and this workover will be funded from cashflow.
Date you and Botham seem to have been heard a long time, well researched. I hope it works out well for all invested but you never know with AIM shares
Companies are valued at 6x for argument sake ill value it half that.
we have secured Aud$7.5 million from Greenvale alone convert to pounds £4 million for seismics and a drill. Value £12 million in mcap
Our US company we have Stanley, Greater Stanley (34-39%), Cinnibar with reserve reporr of 1.59 million barrrels(75%), plus Arkoma 29% , winters and livingston. Min £2 -5 million
Value at £6 million mcap
GE energy rto.. Value at 12 million our 25% stake worth £3 million mcap
So £12mcap (helium) + £6mcap (US oil and gas) + £3 million mcap (Helium) = £21 million mcap = 0.16-0.17
Missed yesterdays' RNS - so we have also been paid by Greenvale
I’m expecting some great production figures in the June update. Am hoping EP155 will materialise. And can’t wait for the next update re operations in Aus. So yes, this share could rocket in the not too distant future.
Yes yes yes REALLY SANTIAGO666
Really 😂😂😂😂
Yes we could do with HE1 style rise. We need lots of good news.
Whichever way we look at it, it’s a helluva lot better overall than we were 3 months ago. The SP should surely start to rise with everything else that’s going on. Maybe an IPO for EP155 in the next few days.
The RNS wording doesn’t align with the March production numbers. It seems to confuse the Stanley project with total project numbers.
“Mosman …. provides an update on its Stanley project in the US (34.85% to 38.5% WI) where the recent gross production has increased 84% to circa 221 boepd (30 day average flow rate in April). This is a material improvement from the recently notified March quarter gross average flow rate of 120 boepd.”
In the March production update, issued 10th April, gross Stanley production was 5,583 boe, which is 61 boepd gross - 22 boepd net to Mosman.
The March gross for all projects was 10,745 boe, which is 118 boepd – I guess this is the 120 boepd referenced in today’s RNS.
Also in the April 10th update, “Stanley-3 was successfully recompleted and produced strong gas flows, allowing gas sales and this well is now producing oil and gas.”
It is that ‘material improvement’ from Stanley-3 which is being reported today. For the sums, let’s apply that to the March production numbers. 221 boepd x 91 days = 20,111 boe. Apply the increase to Stanley, which is an assumption, 20,111 minus 10,745 = 9,366 boe, or 37 boepd net increase on Stanley’s March reported 22 boepd.
Stanley project, net 59 boepd run rate through April. In the March quarter 76% of production (boe) was oil (bo). The note on Stanley-3 suggests a higher contribution from gas in April.
In the past, the initial flow rates after a work over have declined rapidly. The production numbers for the June quarter , including May and June will be more representative of the Stanley-3 contribution.
Though it is the revenue and profit $$s, rather than boe, that matter most, and they wouldn’t be revealed until the final accounts released around Nov.
*Good to see a 7am release, giving people a chance to review the text ahead of opening. I hope someone can confirm my interpretation - in case I've make a complete fubar.
It’s out on ADVFN. Will wait for the June update but am hoping we are at break even or better.
Shame it's not out over here
Blue boom haha.
Static SP more like. Sell now and invest elsewhere this share is a lost cause.
On todays oil price, if they managed to deliver that for a year it’s £6m quid. Or am I wrong?
I hope you have averaged down Baffin
Yep it’s hard to get excited for me. I bought a five figure sum a few years back and it’s just crept up over £1! I might be waiting a little longer to break even. Classic AIM rubbish :)
Thebold I think it’s 1/10 of a penny more like
My first buy was 54p. And still here.🤞
Blimin heck Baffins, no words to describe that. i admire your longevity… good luck .
Infact been here since we hit 47p., yes 47p folks, shows how a share can shift upwards.... And I'm in here for rather alot let's just say...
160k received
Production up 84% at Stanley. That is massive.
More to be reimbursed 100k invoiced
Another 55k
So it's all systems go for our helium and hydrogen projects .
Get in there!