Member Info for Boo80

Glad to see no RNS today as company does not know how to do a good RNS so might see some more movement to the upside today

That's a very good way to look at it every months revenues 10% of the company value equals and negative PE ratio

And on top of that the price only got to that point at the very end of the day so must have been a sale first

What would be the benefit to the mm of a worked order of that large amount resulting in the price going downTomorrow try and get a price for just 1m won't be giving you the price at the bottom of the days trading and if they've worked that order all day long to accumulate enough shares the price surely it would be an average of the days trading range

It could be a mm acquiring enough shares pre RNS announcement to provide liquidity for it and they would be in the inner circle
if it was a market trade for 6 million the share price would jumped up as you can't sell that quantity that easy in this company

Doesn't seem to a normal trade price difference between the buyer and the sell does not seem right considering the spread over the last few days has been quite large
It could be a transfer into a pension because when you do a bed and ISA they minimise the spread difference and obviously it's too big an amount for an ISA but there's no limit into a pension or a trust

Your in a bad mood
Whether it's a good or a bad one there is an r&s coming
Personally it could be now or next year it just needs to be done correctly with facts and figures and all the evidence so they can start to build confidence in what they are saying and going to do

If I was taking a new job I would want to know why my the previous CEO had moved on so I'm not just walking in to a loseing battle and ask for all the bad news that could come out no he's watch and I say COULD come out because they said they were over cautious in their statement last time and used a word WORST case scenario

So now he walks in and takes a better look at things and says it's not as bad as we thought and here's how I'm going to get things going again as he speciality is in fractured basement.
Or he's taken the job on that potentially only lasts about 18 months that basically has no commercial long-term future and is there just to to wind down the clock until the bonds are repaid or we go out of business for pennies on the pounds which to be honest is where the share price stands

The market cap is £94m and the bonds/debt £93m

Currently the company could buy the bonds on the market for less than 40 cents to the dollar

Which is about 93 million pounds
So if you take that into consideration they have more than that in cash

Personally if I was running the company I would be buying as much of the debt as possible that would stop a 7.5%pa interest payment which would save £13,000,000 a year
Bond is about £173,000,000 we need to pay back in 2022 + £13,000,000 a year let's say to more times = (about)£199,000,000 or pay now for £93,000,000 assuming all the bonds can be purchased

Then have a look at their assets
And tax losses you can carry forward
Then decide what a fair value is it's not what it is today

I use 212 trading for live pricing
Iweb for trading account £5 par trade

Well No RNS so was it just some shorts closing

I believe it's based on
A leak of news
As this share is shorted quite heavily shorts closing
And I have said this before I've seen companies go on on trading platforms like 212 and scene an influx of volume of trading and volatility
Accompany called powerhouse energy came available to trade on 212 and a share price went from 0.003 to 0.040
A massive turn around and I've seen this on other shares as well no commission the spreads are tighter

Hi I don't use it to trade but it's good for live price on my phone
I asked trading 212 to add it to there list and that they have
I've noticed an increase of trading patterns when other small cap/AM listings were added and saw significant price movements not saying that's going to happen here

Hi
You seem to be heavily weighted on the negative side in your your figures which I don't object to it's good to see both sides of the coin

You mentioned a break-even cost of $40 a barrel which is not true if you take $5 a barrel at 10000 barrels of oil a day times 300 days equals 15 million pounds minimum you've taken off the bottom line by overestimating

Operating Costs per Barrel was a maximum of $25 a barrel predicted to be in 2020

With a minimum of 10000 barrels a day at $35 per barrel to be a commercially viable project which we do have a fixed minimum price of $35 a barrel contract with up side

On your fingers net assets worth 300 million you slash by half 150 million being based on your negative bias
Then take off the cost of the water injection which virtually slash's it again by half and then you not comment on the 58 million barrels of oil reserve you should be accessing via the expense of the water injection and if you do access the 58 million barrels of oil reserve you're asset value should then goes up not down

The problem is long-term as in the presentation they said achieving a MINIMUM of 10000 barrels of oil on natural flow in 2021 should not be a problem but in 2022 could be hence why they are coming up with a plan which includes water injection to access the 58 million barrels of oil reserve

If you could access just 30% of the 58 million barrels which is roughly about 18 million barrels you could extend the wells life for an additional four years after 2021
At 1500bopd for 300 days a year

And you also have to factor in that the company has decided to completely give out as much negative information as possible and then to try and build some positive news going forward and move on with the new CEO in charge because to be honest if there was no potential upside they might as well have said they're just gonna call it a day and walk away which to be honest is pretty much where the value of the company's sitting anyway

Premier Oil to be transformed in private-equity backed Chrysoar merger
2020-10-06 07:45:00
A new 250,000 barrel per day producer will be created and billions of dollars of debt will be repaid, though existing Premier shareholders will retain only 5.45% of the new group.

They had $2.7 billion of debt
Was only pumping 65000 to 70000 barrels of oil a day.
So PMO $2.7 billion ÷ 65,000 bopd =$38,571 of debt par barrel of oil produced and
With a cost of in the low $30s to produce par barrel of oil

So HUR $230 million ÷ 14,000 bopd =$16,428 of debt par barrel of oil produced without the cash in the bank into consideration
and With a cost of in the low $20s to produce par barrel of oil

So HUR $230 million debt/bond - $100 million cash in Bank = $130 million ÷ 14,000 bopd =$8,571 of debt par barrel of oil produced with the cash taken into consideration roughly $100 million
and With a cost of in the low $20s to produce par barrel of oil

I just was quoted was 4.5

I've just got a response from trading 212 about being added to there platform


Chavdar Tsvetkov (Trading 212)

5 Aug 2020, 10:31 EEST

Hello xxx

Thank you for your recommendation – we will take it into account.

Keep in mind that some technical time is required for us to review all suggestions, to perform a risk assessment of the requested instrument(s) and to add it in our Trading list, when possible. Hence, the reason why we cannot provide any ETA about (and if possible) when the instrument above will be offered.

Nonetheless, while we’re reviewing further your request, you may also be interested in joining our Community – a lot of members are sharing different ideas & instruments request. So it might be interesting for you too to join any of the discussion.

We thank you once again for your interest in our service.

Regards,

Chavdar Ts. | Customer Care Hero

Or you can say how much money could he lose if he is shooting the company from this point it could easily double or triple in value if the company get their act together and share any news or their vision to take the company forward

what price have you draught HUR at ?