Member Info for Alexios

Yes sir that's the one, seismics started

Yes harel, two appraisal well at Serenity and one at Liberator as far as I understand.
So $30M needed for three wells or $20M for two.

Farmout would be nice but I don't see this happening unless there is a player who has spare cash and wants to waste it for the tax purposes, but magic happens and maybe Ithaca next door could lend a helping hand and spare the funds for 50-60% stake in serenity maybe.

Hello harel, could you please point where does it say they are drilling four wells this year?

2m shares available at just under full Ask
Next 0.048

Looks like low supply of shares

Action soon

Position yourselves before the move

Trading at AIM shell value

Easy 4bags or so when the FOMO kicks in

Cheers lonestag will keep an eye on it as well...

Wrong location lonestag but will check again

50p or not 50p

Brilliant, hopefully Shafton spends sometime in the can and is never allowed to be director for any company

Bottom is zero

All time low 9p
Aim for single digits and you won't be wrong

Cheers Phoebus, so Guyana is put down to bed for this year then.

24Mar if they lucky and don't cancel it again

5p knocks out all the bearish signal I'm guessing

Lets go

Thanks will try to find it later

Do you have a link to Total's podcast please?

Anyone know the current cash position?

2P Reserves 7.4MMboe
2P Value |$87million

1P Reserves 2MMboe
1P Value $26.3million

2P+1P Reserves Value $113million(all for free at the current share price)

10Tcf Resources

Production
Fourth quarter 2019 production averaged 646 boe/d, comprised of gas produced from the Company's ongoing conventional programme. This is an increase of 22% over the prior quarter, and a demonstration of how the Company's shallow gas work programme of well workovers and recompletions can offset natural declines.
Valeura's shallow gas play provides a reliable stream of production and cash flow. Price realisations were relatively stable throughout 2019, averaging US$7.40/Mcf (CDN$9.82/Mcf) in Q4 2019. Revenues increased in Q4 2019 due to a combination of higher production and gas prices, and were more than sufficient to cover the operating costs and all of the G&A costs of the Company.

Balance sheet
As of December 31, 2019, the Company was in a strong financial position, with a net working capital surplus of approximately US$37 million (CDN$48 million).

Cash equal the current Market Cap

#VLU trading at cash.
Zero value added to their gas reserves and prospects.

Value Buy

£150M cash
Enterprise valued at £95M

Mcap should be minimum £250M or ~45-50% HIGHER