The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Highlights:
· Average Q4 2022 production of approximately 22,757 barrels of oil equivalent per day ("boepd"), an 11% increase from the previous quarter, with current production of approximately 23,440 boepd
· Record corporate production exceeding 24,000 boepd achieved in December
· 2022 drilling programme completed, delivering 31 gross (18.4 net) wells, which met or exceeded management's expectations and completed approximately 5% underbudget in a high inflationary environment
· In Q4, 10 gross wells (5.7 net) brought onto production and 8 gross wells (4.3 net) drilled in its core Central Alberta, Wapiti and Clearwater assets
· Completed the 13/23c-12 appraisal well on the UK North Sea Serenity field, with a single well field development plan now being progressed
· Dividends of £5.098 million declared and £3.399 million paid in the quarter, with total dividends of £15.351 million paid in 2022
· Operations commenced on the 2023, USD 64.05 million capital programme ahead of schedule targeting 23 gross wells, with 6 gross (4.3 net) wells drilled
A reminder for any visitors
Q4 2022 was very busy as we completed our 2022 drilling programme which met management expectations, was executed under budget and achieved peak production rates in excess of 24,000 boepd. We have successfully completed the first phase of our 2023 drilling programme, with multiple wells now on clean-up flow and several Clearwater intervals tested, and we are now on course to deliver positive YE2022 financials and reserves data by the end of March."
I have given up on ever recovering any of my money with Stuart at the helm.
All talk and hot air has happened on many of his updates.
Instead i have invested in a company which potentially recover my losses from here .
Dividend of 10% a year at todays prices.Share price 17.5p company I3energy
Good luck if you invest.
can someone tell me how i go about completing a capital loss.
lost it all.
Stuart only in it for himself.
He only after your money.
Come back in two years and we may still be waiting.
who owns the other 48% ?? shareholders lol doubt it.
fees on flotation
Can you ask him to get someone to proof read as his written English as he replied with mistakes
during the period of the lockdowns, our online-to-offline lottery ticket business has benefited and grown impressively. The Company’s improved financial performance, and the additional time created by the lockdowns, has enabled us to improve our terms on the business-sale transaction, increasing the overall potential value to shareholders from circa $40m to more than $60m.
company selling its chinese operations for £50 million update end on FEB and shareholder agreement in Mrach
Question is whether JLP is a buy now at these low prices or a wait and see if the warrants exercised will bring the prices further down .A profit is a profit.
For the future I would like to see a dividend paid monthly and a share buy back .
But will JLP instead go cap in hand for further funding for expansion which may cause the price to drop the price further.
Iam sitting on the fence waiting
what is a short
borrowing assets hoping the price goes down and buying back later for a profit.
The one problem is if you havent got the dosh to cover the bank will close the short and buy in the market to cover losing the shorter rather burnt
yep and my brother knows very well on his broker calling for extra funds got burnt £250,000
I wonder whether some shorts had to be closed as the short had no extra funds to compensate the increase so the broker brought to close the short.Leaving the investor heavily in debt
I see from your posts you are down by £2.00 a share .
hang on and you may recover what you have invested.
But dont post what you cant back up.
I Like you thought the shares were cheap at £ 6 .00 but luckily have not invested yet.
drop is due to the constant seller.
Every day the market makers have to fill a sell order of over 150,00[.
shares are changing hands but to entice the price always drop.
who selling all those shares from £6.00 down to £3.00
Hi Joe 2 years 8 months since innomed wanted to look at listing on a stock market.
How long before Cicc gets listed again and other companies.
cicc gold another dead cert in not running.
Stuart must have high expenses with the young wife he has as he still sprouts crap out to the shareholders unofficially through personnel emails rather than a proper official channel.
Time to move on and do not put your money in any companies he promises will make you a fortune as so far hot air is all yiy will see.
Hot air no steam for the last several years .
Stuart is certainly not like a hare who runs a company more like a slug slowly taking his salary and achieving very little.
Stick your share certificates away and your love ones may discover them when you have gone .To find no value in the paper except to frame it as a reminder what they could had inherited if you had invested else where.
macnai
Thanks for shareing.
stuart should this info not be announced officialy through public channels rather than to a large shareholder.
very exciting times ahead (Hold onto your shares very tightly)
intosol limited check your share nubers 750,000 or 950,000 common shares.
looks like you be needing to recruit more staff with those numbers.