Member Info for BTFATH1

Is now priced not far offa drilling campaign and they have 120 million in cash And a further 550 million in assets.

A bid is inevitable at this level imo

500 points and Brent heading over 39 again it should be a fast start on monday

1.64 so not a great profit :-)
Will buy back in tranches once hur reaches double digits plus

Not unloved manipulated look at last week it rose from 6.5p to 9.4p in a day and a half

Maybe it’s not that pathetic then :-)

700 million quid worth of assets and machinery and further acreage to be explored step in total, enq, shell, bp or premier.

I’ll take 25p

Well they won’t ever get a better time to pounce these levels will never be seen again

Pathetic performance this should be way over 8p today imo

Finish would be a nice for starters

7 weeks ago this is due a colossal rerate

58 million pound profit

58 million market cap 120 million go figure if this is undervalued it’s also 6x under net assets

Now this is just ludicrous

Just how can this be valued at 130 million? They made 50 plus million profit last year have net assets of 700 million hardly any debt and are 90% lower than before they were producing just bonkers

They will never get a better time now valued at less than cash and the net assets are nearly 700 million.

The question is what would be the first cheeky offer? My guess would be around the 18p level and that would be a steal

Excluding cash and 690 million less than the net asset value, just doubled up and now averaging 7.21

Valued at zero now excluding cash in the bank

Patience oggy you see just how quick it moved up in two days last week let the market crooks play there games first

Million dollars as of early April cash costs of 17 dollars per barrel and net asset value of way over 600 million pounds and this was valued at 1.2 billion when they had not extracted a drop.

Trice is on board for a further 6 months and this will either be sold at the post 25-30p level or more likely they will get a farm in.

The important aspect for me going into a global depression is the cash in the bank/profits cover the total debt.

It’s valued at 20 million less cash in the bank and they won’t get another opportunity to pounce this low

It’s gone vertical should see a move through 8p tomorrow

Circa 120 million so the entire company is being valued at 20 million the sane as some tin pot aim cash shells :-)