Member Info for Alexios

Can you show the calculations for 18p to MATD for 25mmbbls Prospective Resources please Proselenes.

I must be missing something and not seing the obvious what you see

Please help me and others from the mystery

Even market doesn't see it and grossly undervalues the play

Show us how did you arrive with 18p Heron valuation please
I am probably missing something
25mmbbls Prospective Resources at Heron

Resources are valued at $0.5-1/bbl not $4.75/bbl you came up with

That's 2P Reserves valuation per barrel you came up with which is wrong and any oil guy will tell you this

Prospective Resources of 25mmbbls at Heron

Move this figure into 2P Reserves first(when commercial flowrates are established and Heron is appraised by further wells to book 2P Reserves) only then you can talk about $4/bbl valuation. This 25mmbbls figure is normally reduced by at least 50%.

Edison value Heron at 6p you are coming up with 18p ha

You must be out of your depths at times IMO

Proselenes,

How do you arrive with 18p Heron with 25mmbbls???

Cherokee101,

£1/share in 10years time

Yes all potential and all on paper

Mr Market seems to agree otherwise at the moment
3.5p and £250M Mcap with £117M cash and £196M(?) convertible debt

This is convertible debt
£196.2M outstanding (Placing Prospectus page 206)

Annual Reports and Accounts 2018

Note 16 on page 112

There is an interesting line:

"Loanholders may not request early cash-repayment of their loans
except under certain protective clauses relating to changes of ownership in the Group."

Equity holders seem to ignore the debtholders and possibly ignore that debtholders will get their hands on the assets(debt is secured against the assets), equity shareholdings get the scraps "Sirius Minerals Plc Ord 0.25P", 0.25p that is all they get in the worst case scenario

What happens to the current debt holders?
What is current Debt?
Can the debt be called in so to speak in the event of the company going private?
Isn't debt secured against all assets?

What happens if debt is called and the company cannot pay it back?

Rules:
Guess should not exceed a range of 100boed gap max to keep it tight and fair (so please amend your guess)
Flow rate applies to Heron only

Dusterhater 800-1000
Mike31 300-400
Donkee 200-250
Proselenes 100-200
SuperRoty 200
Alexios 150bopd without stimulation
"If required, reservoir stimulation equipment is in Block XIX and is readily available"-not sure they will make it on time this year before winter season kicks in.

Please help to update guys

scott1092,

"If I'm reading this correctly the guys with short postions open ,Will be scrambling to close there postions on Monday morning"

Shorts will get the full 100% payout on the mark down to zero when company delists although I'm not 100% sure if this applies when company is not in administration/or insolvent

On a serious note yes the drillbit is turning 24/7 so to speak

No mate 9-5 Mon-Fri

They are lazy sods out there in the norf sea haha

It was said gtfo before the GM

Looks like mr 40m sharrs decided to take near 10k loss in less than 24hours

Doesn't bode well

Gud luk all hodling

Lovely move for you guys

Any reason?

Rig contract signed?

Sidetrack date agreed?

Or is this a tech bounce from all time lows

Good regardless

May it continue and everyone is rewarded

5p nominal afterall

Haha normally you would just pick up the phone and deal

Day 13 today ;)

CORO have 15% stake in Mako
Small play with ~10mmbboe net to CORO and few 100boepd net prod

You cannot compare gas overthere with potential oil in North Sea

Total traded volume since 25Jul is 40M in 83days(60trading days if you like)

Source: pumpedordumped

20% of 40M vol is 8M shares, so ISA so far sold min 10M shares out of 109M shares total

ISA Iceberg order to sell 90-100m shares is here

That's your permanent overhang

Count the volumes

When you count total of 700M shares traded from Sep(possibly count summer months as well in for a good measure) then it will possibly tome to buy.

Thank you BBN

So it is unknown reason with few variables

Did anyone actually figure out what was these additional permits all about???