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For anyone new here once results drop:
c.2000 barrels of production a day
c.$43 cost per barrel
Low debt - should be elaborated on shortly
Big investments into geothermal with additional grant funding to increase revenue streams
created a telegram group chat if anyone wants to join. there don't seem to be any currently so thought i'd set one up, try and see what the retail trader constituent is like in this share.
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Btw, if anyone is unsure why Sandgrove selling is a good thing - the CEO accidentally let slip on a call around September last year that although they love the company, their fund criteria specified that they had to invest in fracking so when that fell through they were forced to sell. That is why nobody has been buying and this is so undervalued. Once they are out, we are free to go
Volatility is about to pick up here massively. They're now debt free and every single day racking up cash from hugely profitable oil business, good news on geothermal just around the corner. I have already loaded up - now hold just under 3% but I know some waiting and will load up the minute Sandgrove announce they are done, which should be within the next few weeks. When that happens we will revisit 40/50 area in short order and then probably much higher
Should start our run towards 40 pretty quickly now. Hopefully one of the top risers today. £25m is nuts for this company. We’re a producer, there are tons of explorers out there worth more with ZERO revenue. Oil and gas is still to be important for a long time yet. It’s going to be a cracking 2023 guys
We’re going to double from here in very short order, my talls are bingling
Next set of results here are going to be a monster, huge GLA