Member Info for BigBear2

Agree, easy money on a re rate from this basement level...

' stabilised flow rates should be available by the end of June'

Oil rising, anything decent and this could move very swiftly, less than £2mill mkt cap...

JUST IN

As per the RNS...
60 MMbbls for the Springhill Formation
No resources were quoted for the Tobifera target , but at min 6 times the amount of net pay you would assume circa 360 MMbbls are there so all in all in excess of 400 MMbbls, which is freakin HUGE...

I't should be noted that Pre-drill Pmean gross prospective unrisked oil initially in place for the structure targeted by EMS-1001 were estimated at approximately 60 MMbbls for the Springhill Formation, Â (included in the recent Competent Person's Report produced by Gaffney Cline & Associates). No resources were quoted for the Tobifera target as these were not evaluated or audited as part of the CPR process.'

Is at a 3 year high and predicted to stabilize around $80 a barrel.

Remind me what we just discovered........oh yeah a shedload of sweet light crude.

Agree I am being conservative...
Hopefully the penny will drop here you are looking at a relatively stress free multibagger here...

Listen to Malcy's interview - he believes pre testing we should have doubled - that's 24p..
With confirmation of a decent flow rate over min 120m net pay easily 40p, probably a lot more....

.

What I want to see is internal volumetric estimates for the light oil column, surely got to be a few hundred mil bbo....

already have just staggered there is not a stampede to snap these up at bargain prices...

That we have a potential company maker here - a HUGE light oil column and MMs still allowing folk buy in at a 20% premium to pre discovery....

Don't forget this is a BONUS discovery. The primary target with around 20m of net pay was also hit.

Could be that last irregular size dump was end of overhang

Into the 16s, here we go sea of blue...

There she is break this and we are off

should pop soon then on to test 16p...

To amaze me in aim how companies with exceptional assets be so badly mismanaged...
Just caught up on latest debacle the fact they have missed conditions they negiotiated and therefore were confident they could meet is a massive own goal.
I have no doubt they will get some form of alternate funding - you can be sue it won't be good for holders though....
Absoultely beggars belief.....

MMs just clearing last dregs of placing and also nice low entries for potential new IIs from todays meeting.
Be nice to see an updated corporate pres.....we need to see the volumetrics on this new discovery.

15p........do me a favour...

"Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation. If hydrocarbon saturations across this section are confirmed, the preliminary evaluation might represent an interval of some 500m which could significantly open up the play for the area."

'"We are delighted that initial interpretation of our third well suggests a material and potentially transformational light oil column in the emerging Tobifera play of the basin, exceeding our high case expectations. We can already consider results for this well to date to be very encouraging from a volumetric and value perspective'

1st stop lets see if 4p holds, you never know how l-o-w these jokers want to take it down.
Seen same over at ASC, consistent selling designed to beat PIs into oblivion..