Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
RKH have 23% of circa 200 to 250 million bbls resource with ENI as operator. Considered one of the largest most prospective undrilled fields in Europe and on trend with largest onshore hub in Europe : the Val dAgri complex operated by Shell. Currently in abeyance due to Italian drilling restrictions but imo. possibly a factor in negotiations or settlement of Obrina Mare.
Had the opportunity to buy 50 or 100,000 of these when they were in survival mode years ago round the time that Swedish Investor bought and sold...3 to 6 p I seem to remember ...kicking myself now...how far do people think this can run ?
RKH have 23% of Monte Grosso in Italy with ENi , one of the largest undrilled onshore prospects in Europe apparently. 250 million barrels resource estimate which would be about 60 million bbls to RKH . I Wonder is it an influencing factor in any negotiations that may be occuring...
The projected 4000 bopd is from Njonji which is the shallow appraisal target in the southern portion of the license. 80% cos is about as good as it gets. no such thing as 100% Cos as has to be a discount for the occasional operational mechanical issue with the drill bit. There is estimated collective upside of 100 million barrels of follow on prospectivity in the northern area of Thali immediately south of Perencos field. And there are several further leads and prospects at depth on Thali on trend with large discoveries in the region. Idenao deep etc. So perhaps Njonji creates a domino effect and funds successive drills. hopefully thats the last of the .003s and 1/2 a penny upwards is the new range. Been waiting 2 yrs for this
is Swara Tika connected to Atrush Pipeline? Isnt that Oil still being trucked? 63 million bbls to Total energie is not consequential for them at this stage id say . looks cheap at around 180 million $ but probably factoring in the likelyhood of the large Sarsang Block remaining underdeveloped and explored for some time yet. Doubt Total see value in trucking 5000 bopd for some time imo.
Thanks for the insight. Maybe a 4 bagger in waiting here too then (:"James, the first time you posted was back in April 2020 with your brand new account on the PVR board. You made 3 desperate deramping posts about the company being a scam when the sp was 1.75 (It's true, check his posts out and what happened to PVR's share price almost immediately after he opened his mouth)The SP then rocketed 480% and you've not posted again until now. If your previous yet, early performance is anything to go by then i welcome you here with open arms"
If a debt free small cap company makes 25 million profit a year then that suggests a mkt cap of 14 x 25 = 350 million ( using the ideal PE Ratio of 14 ).
Fast growing companies often valued higher around PE of 20. So it would appear that the current SP is significantly undervalued
Any likelyhood of reverse share consolidation ? I know Pmo was used as the vehicle to reverse into but at 4Bn mkt cap + another few Bn debt for the stock to move 1 p to 20p thats a 200 million pound change in mkt cap. I cant square the circle. Enterprise value of 6 odd billion....how much further growth is possible with this unless they ultimately plan to be a Major ? or a T/O target.
Cameroon has always been a distraction IMO. Too small and majors have had a look and left . They are hardly likely to be enticed back in today’s cynical world by third rate technical teams from AimWhere are you getting this notion that TRP are looking for a major to Jv on Thali ? Majors relinquished it many years ago in a different economic environment. I read it as a 0 to 4 or 8000 boepd project where the 2 likely partners will produce the hell out of it for 3 to 5 yrs and use the cashflow as a stepping stone. like Afren did starting out or Mart resources. I view it as a waiting game for TRP . straight to 4k boepd could be v.nice timing if oil is headed for 80 to 100$
Rns states farm out Bids for El Fayum not whole company ? what am I missing?
"And I stated that one of the benefits of returning capital via a buyback rather than a dividend is the weight the buyback can temporarily place on the bid, removing weak holders (quite arguably a good thing for GKP)"
who are these 'weak holders' you refer to ? Define weak holder in a GKP context...
"No major is going to be interested in the 10-20 mmbo range of contingent resources offshore that’s just tiny."
of course not. The license used to be Perenco and Total before that. But the numbers should stack up for smaller players. it's 20 30 mill barrels for the Nnonji appraisal , but another 100 mill+ on the license to go after that. and deeper prospectivity.