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For example bpc have 28 Billion barrels 100% owned for starters, booked and uncooked reserves totaly different Matd cash position and 4 drills funded again, massively owned by themselves makes them different It’s not all about oil out of the ground in exploration! Now please feel free to add, as I’ve just picked those two off the top of my head without even boring other posters with financials of each company
tonight will be very interesting down under when asx opens, I don't think aussies dp would do the same rise but then again rise is a rise , isn't it
Oh Pinocchio912 for those that are researched they understand my post.
Degsy Bpc and matd £40m caps plus abs not a sniff of oil. Why do you keep referring to matd and bpc? If you’d take the time to look at this companies in depth (rather than keep posting the same tripe) you’ll see rmp, matd and bpc are not comparable for many financial reasons. But hey why bother trying to compare and add logic with comparisons when you can just cut and paste
Nice - only 800% needed to break even
£16m is buttons the example I gave was for bpc and matd being £40m plus and have nothing. That’s the point dirty Jon
Haha Classic ;)
Because the RNS is hinting in that direction. Why are you upset by positivity on this news exactly?
The Torok Topset Sequence 4 (secondary target) was intersected at 6,052ft with elevated mud gas readings (C1-C5), oil shows and an increase in LWD resistivity being recorded.
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So based on last night's RNS, we were only 358ft from TD.
Maybe another RNS tonight or tomorrow!
£12m quid cap and potentially 1.2bn barrels to match our neighbours at horseshoe. Primary and secondary targets filled. How much more will they find in the Torok stacked zones. Look at the seal below T4. Winner winner chicken dinner. Bpc and matd £40m caps plus abs not a sniff of oil.
Gross best estimate prospective resource volume of 400 MMbbls (126 MMbbls net to RM), best case
What is our cap now about £12m?
pretending we're done here.
Others will repeat like a parrot, take your profits and run.
We're not done here. Wait and see end of the day, today, tomorrow, Friday.
You won't see 3p again.
DYOR and GLA
Great news here today and plenty more drilling into the payzone to go. Primary and secondary targets charged. Game on peeps. Unlucky shorts back to the gutter you go.
Gggg21 read the RNSs you sound like your investing based on chat here. Be careful and DYOR
MadChatter, you could argue that at 4p the market felt oil shows and success were at a better level (risk), also with sentiment there Sadly the RNS killed sentiment last week and we all know how AIM relies on that. Mcap is about right now imo, until we have certainty over the drill As I stands it’s just sentiment based rather than results hence we are around 3p, again with a positive factor priced in (with nothing priced in we would likely be closer to 1p imo) You have to look at our potential % revenue, les tax, less debts to give an accurate market cap Imo, and it is only my opinion people are throwing numbers around with little calculation behind, so just be aware, and look for a sensible exit price to take profits (should they come)
When’s the next update due here? Considering getting in as it seems solid now and was a lot higher last week
Let’s get this gap filled back up to 4, if I had sold out Friday it would have opened at 8 p this morning!
interesting how aussies react to AIM rise today.
Wonder if we see double figures by end of week?
This was trading near 5p before this news. A long way to go yet I feel.
Holding well, next level plz, top slice 5p imo
The fact this was trading at 4p with no oil shows at all is significant I think.
Couldn't resist...im in.
Nice mate ... keep your eye on casp this week!
No not in at present mate but been looking for a few weeks. Just holding back on this for more news on this possible find. Will take a look at the data first then make a decision on whether to invest or not.