I’ve tried a few kippers in my time and manxkippers are the best in the world. I also agree with yours sentiments on the price rises. Perhaps not a 60p finish, but I’ll be happy if 35p by year end 24.
Does anyone have details on when first production is anticipated? I have been through lots of RNSs, web page, FSs and press releases but struggling to see this.
My rough calcs on Heron alone are 200m barrels @ $5 per barrel (assumption this would be after costs profit) discounted over 20+ years at 10% discount rate building 4 new wells a year upto say 40 wells, gives an NPV of $230m. Or 20p per share. Why are we then only valued at 4.3p by the market?
Am I well off in my NPV or is there something else going on?
Slightly disappointing. Such long awaited great news and the share price barely moved…. Ok, up 60% or so, however didn’t even make the peak of the most recent spike prior to any news. And this really was exceptional news.
I’ll be hanging on for a while longer… bring on the gbp1 party!
RE: OVERSOLD / Strong Investment Case/ Ready for Bounce Back8 Jun 2023 16:25
Cheeky little top up yesterday and more again today. Not too worried about no news (yet) or falling price. Hope the price stays down until after pay day and I’ll get a few more.
Heron Bros energy Ltd. This is another new company that has been set up in 2023 in the Isle of Man, and has the same registered office as Petrovis Matad. First names house. Coincidence or not?