Member Info for BTFATH1

To the the 12-14p level very shortly

With Brent at 42 dollars and production costs at 17 dollars this equals at least 100
Million in gross profit for this year just based on the one well.
700 million of net assets including cash of at least 120 million
Very low debt
700 million of tax losses to be offset against profits
Production levels are only going to increase
Further drilling

My only concern is a cheap takeover here of circa 20p as we all know where this will be in the next 2-3 years and it will be substantially higher than the 20p mark. Unfortunately this is a steal at 400 million with the assets, infrastructure and extremely low production costs

Have a good weekend all

I disagree

Look at Aston Martin they took it below the rights price to 28p I would expect the same here eg below 75p before a colossal rise.

Will watch and wait but there will be lots of flippers over the next 6-8 weeks imo

I disagree I see a very aggressive upward move coming very very shortly

Something is bubbling here guess that is what you get when you produce at 17 dollars a barrel have billions in untapped oil and net assets of 700 million and a market cap barely over 100 million.

So excited to be in this share and my exit price is 14p minimum

Fantastic have a good day all that was a sampler of what is to come very very shortly

The heck would be short at this level you have to be crazy.
Read that hur have 700 million of trading losses to utilise against future profits - boom time

That manipulation needs looking into 7.69 to 6.58 in 2 mins come on really

Need to look into the manipulation here of course they won’t but they should

I expected 8p but not attacking it that fast. Tbh this should be at 12-14p now just hold hold hold

Is transferred from the impatient to the patient

Pelham or the other institution have sold out this will fly.
I am expecting a pop over 8p over the next week for starters.

For this year even with Brent at 40 is 50 million and they made the same last year. These figures are based on just the one active well.
Cash is around 130 million and Total net assets are 700 million

Market cap 129 million dyor all

Market cap

For 2020 and 2021 is the same as the market cap even with Brent at 40 dollars.
A bid is inevitable at this level

From when they hadn’t even extracted a barrel of oil. This company is ridiculously undervalued

It all hinges on the next update well the market cap is valued at zero excluding cash and the 550 million remaining assets seem to have been completely forgotten.

This should be at least 100-120% higher pre the update

Valued at zero excluding cash when they let it go it will move upwards extremely fast.

Let’s see a breach of say 7.15 and hold it

Completely agree and we all know how fast this can move upwards

About to go and that is still 100% plus undervalued

But Brent is booming should see a breach of 7p early doors

AB at enquest https://www.energyvoice.com/oilandgas/north-sea/245546/enquest-to-shrink-further-as-firm-gets-ready-to-call-time-on-dons-fields/