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HUR please please please dont release the RNS 30 minutes before market close going in to Easter weekend.
Imagine haha

Because it's not the same.

The terrorist group Houthis in Yemen have overthrown the government. Midlde eastern countries don't want a terrorist state on their border and take action with the objective of destroying and weakening the terror groups and help restore Yemen's government.

Hardly the same as Russia invading a sovereign country, threatening to use Nuclear weapons, and may have just started to use chemical weapons.

The terrorist groups that have been targetted in Yemen are not comparable to what's happening to the innocent civilians in Ukraine.

I don't know about you but I have a lot more sympathy for innocent children being targeted in Ukraine than any of this lot......

The full-scale civil war led to a rise of Islamist Groups (Al-Qaeda, ISIS), insurgencies (Houthis)

Littrally some of the worse terror groups you could think of have overthrown the Yemen government and setup camp there.

Finally geography and the direct effect on the UK , and the UK's lead roll, mean it's natural it would have significantly more focus.

Yes maybe, nothing obvious on L2 but last few hours plenty of 100k trades. Obviously a but of guess work but when I see lots of trades for the same amount of shares it looks very much like a broker filling a large order in blocks of 100k.
Could just be a trader getting in before the ISA money but it's got me thinking I would not be surprised to see an RNS popup tomorrow .

Some decent flow of buying coming in towards close of play. Lots of £10 to £20k buys.

Some news coming ?

Oil price down, HUR SP up .. is this an April fools joke from the market makers haha.

Yes sense, madness that.

So the share price is that low that the companies profiits each month are the equivalent of 1p for every share.

In other words it only takes about 9 months for the company to pile enough money in to the bank for the current shareprice to = free cash in the bank account.

Then you have over £100m assets as a free gift. That's another 5p a share for free.
Plus the WOS resources.
This is all bases on the company not increasing production and just sitting back and collecting the cheques from BP.

Genuinely if anyone knows of a company more undervalued than this based on profits Vs SP and not pottential then post it here. It is mental.

Spot on mate.

Right now the PE needs to be limited.
It needs a CPR not done against the backdrop of trying to give the company away to bondholders.

While we wait I think it's very reasonable to factor expected profits until 2024.
For the valuation I think the tax credits also need factoring in.
This is a minimum base line, and a low PE

Exploration, bringing the other production well online, CPR or acquisitions all would see a PE of 5 to 10 imo, but that's all guess work at this stage.

What we do have right now is a negative PE which is crazy, it probably should be somewhere around 2 without looking forward beyond just plodding along.

Accounts in June should show to the outside investor world that it has a negative PE and surge the correction, however I suspect that we will see it happen before then anyway as more news drops.

Bit of fun....

Imagine the garden center selling a money tree!!!

Produces a crop of 3 £20 notes every 2 months.
Yep £60 every 2 months.
The plant pot is worth £100

They are asking £200
Fair value ?
Or underpriced ?

Oh and next month it already comes with a crop on it of £60

$60m every 2 months !

It's so obvious as well..

Again this is a do nothing scenario, no exploration, no using our other production well.

$60m of oil sales per month
Physical assets worth 10's of millions
Over £1b in tax credits - that £100m assets value min
Zero debt
$60m about to land in the bank

A SP of 10.5p represents about £200m
It's not rose tinted glasses to see that the asset value is at least level with the SP market cap.
This is ignoring looking forward...
The $60m every 2 months is soon going to exceed £200m
Not to mention that the stock market is forward looking, so normally would normally factor in future profits and factor in increasing production e.g opening well p7, drilling etc.

It's obviously suffering from sentiment because of the attempt to give the company to the bond holders.
I think you would struggle to find a more genuinely undervalued stock right now.

Brent is now $113.7
Well on track for a $60m payment to HUR arriving in April.

Very few shares on L2 below 11.23

StarKnight

You can add another 650k buy on top of that list at the end of the days auction.

Despite some strange trading, the wise money is moving in one direction.

Day to day is somewhat of a guessing game, but value of the company given Fridays RNS is as bonkers as you get.
After the next off load what are we, something like 6 months away from the cash getting past today's mcap!!!
That's without opening up more production such as well p7.
Obviously everyone has to do what is right for their own cirmstances, but it seems bonkers selling or even risking trading at this shareprice.

What a buying opportunity, a bit gutted I missed this.

NATO doesn't buy much oil mate.
Russian oil has carried a huge discount since this all started. Shell fall for buying some at 20 to 30 dollars under the market price at the start of all this.

Should have been $ tbf
But it's over 9000bpd, the uplift is every 2 months.

I bet you thought you had a good deal on your shares thinking it was every 3 months haha. Enjoy your extra 30% added value.

Looks like we are all thinking the same thing haha.

Ive also just done some decent topups around 10.91

£217 mcap hahahah .....
Over £30m in oil sales per month
RNS $80m free cash expected to be sat in the bank
AM extension
BP cash flow deal to increase production.
Over £1 billion in tax credits.

How is it even possible to buy this company for anywhere near £217m

Imagine if a p7 well RNS drops during today, following on from the late RNS Friday.

I don't know about everyone else, but my target prices have changed.

3m 32p
Accounts will be released showing the PE
6m 57p
12m £1

A lot needs to happen for a £1, but I now feel that it is going to, this is no longer a do nothing but suck up the profits scenario.