Member Info for BTFATH1

All over it now the largest producing set of wells in the U.K. for under 100 million mc. That is not far off the cost of a drilling campaign :-)

1 billion pound of assets including 120 million in cash are valued at zero currently. Every previous rns noted a downgrade so this news has been known for months just intrigued as to why peeps think this can stay lower.

Increases will happen to 20,000 barrels a day and they are also looking at potential to acquire acreage just like enq did last week.

Hur own the largest field in West Shetland and are valued at less than cash in the bank.

19-20,000 barrels on the next rns

Not known already. Remember the entire business is valued at nothing already at 100 million.
A material downgrade was inevitable look at all the previous rns’s. The other is a planned shutdown.

At 60p it was overvalued at 6p it is a ludicrous valuation.

Agreed bigbear this market cap is utterly insane now

Profit a barrel that is 60 million net profit on a yearly basis

Oh my goodness this looks primed for a huge rise

Darren sorry I called that 22 mins later from yesterday’s close.
Let’s go the high 70’s now

Reasonable finish bring on the mid 70’s tomorrow

I wouldn’t touch that at £1.50 but that’s in my opinion.

Mid 70’s finish on the cards now :-)

Paid back to the high 70’s we go :-)

Yes indeed it looks very good

Over 70p shortly

Ha ha it does look primed for a rise back to the high 70’s. We all know how fast this moves

Shortly

Yes definitely it does always seem to drop dramatically in the morning and rerate in the afternoon. Seen that pattern for weeks now

The swings are too good to miss out on, great products offering superb quality and they now have plenty of cash. £30 to 70p is crazy.

Company you have got to be crazy not to table a sneaky offer at this level.

More and more I think the held sp is being lined up for one single reason

:-) ofcourse not at 115 million mc it’s overpriced :-)))

With you on those posts. I think the bid would be circa £300-£325million though which would be the deal of the century for the potential winner.