Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
I'm hoping for exceptional news in December. If it has to wait until January then so be it. Sorting out all outstanding matters - good
Materially, this asset is madly undervalued. Not been easy watching the decimation of the SP with many underwater.
Bring on 2024 when production should rebound significantly. The JV is in waiting - will it land before Xmas?? If so will be 14 months since we were approached by a large oil company who were initially only interested in the Fed deep. Unless of course they already had prior knowledge of the underlying geology and there is only one large/major outfit who would have had any inclination and fit that profile. 💥💥💥
Let me know when our regulated JBER and cornerstone crooks have finished manipulating this. C'mon AM it's been embarrassing until now
C'mon why isn't this 6p plus lol
JBER now a buyer. Let's see...
We all know the valuation is crazy - as do the board. Hopefully the latest confetti about to dry up and we move up strongly. 2000 BOPD the target - let's hope we get by early 2024. By Spring if all goes well we should be at 2700 bopd plus
Foul share price.
Once our big hitter hits 300 BOPD again and a few others we should see a reversal
Exactly Careful
In terms of finance we had $2.2M as of Sept 30th and added $4M which was received on Oct 13th so approximately £5M around the middle of Oct. Now let's see what she can do..
Okay. So Q3 is done. Two months post commencement of serious re-injection and no flaring so we expect to see the start of a significant increase in BOPD from here on in. We have added a new experienced board member. It's looking like December is the month for a decent uplift and hopefully continuing beyond. As always time will tell. Considering the disappointment to date in SP performance...dare we say that 2024 is the big turnaround year. The major interested in our acerage is not going to want to let this prize slide to a competitor now that they're head of the que. A supply/demand shortage is expected from 2026 plus and we can take full advantage. Coke Creek is 100% owned by COPL and is gagging to be exploited for it's oil riches. Wyoming the place to be and Carbon Capture noise continues to get louder.Thank goodness the GGS ready to deliver.....For all genuine holders I think the change in site fortunes starts now :::)))
That will all change Eurofil once the JV is concluded by a Major
Would love a JV in time for Xmas. The partner will know our current production. The new board member is a top draw O&G professional. Transformation geting closer by the day
Ouch....MSMN production down from 65 to 39 bopd. At least we are about to hit the incline curve having suffered a reversal....
If Noiv 15th or beyond I think 6 weeks minimum of ramped up injection (knowing that injection actually increased in Sept), ultimately should lead to some decent corresponding increase in production. In January I'm hoping we smash he previous high of 2,700 bopd. Let's see...
We'll know this year if our JV partner is Exxon now that our pipe lines is well under 20m away. If so it will go ballistic here
Looking better Stas
Probably Portsmouth. Hopefully our finance crooks are almost done considering the money went in at 2.60p. Legally should have been 4p as we all know
If we weren't back stabbed by our very own cornerstone investors we'd prob be at 5.5p plus with financing at 4p. However, the crooks got away with 2.6p financing. Just means it's much cheaper than it ever should be
25M shares cleared. May partner said 10p and she'll start to get excited. Still £15M MCap so valued at less than pipework and equipment on site. UPL did 1000% from 0.55p to 5p. JV sign off please.
I'm very annoyed by current share price/action. However, there are two firm examples of 1000 bopd production from horizontal wells. Just need to drill them - we have permits in hand