focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
If not intra-day we shall know flow rates by early nxt wk...hopefully tues am.
If flow rates are good/excellent then expect a big push in shareprice .... right now m/c stands at around £18m..too low and cheap for a PRODUCER which happens to be debt free
Before we was told of BIGGER and BETTER quality of OIL being hit in GERMANY #bce almost hit 0.13...
After CONFIRMING OIL DISCOVERY...we have just moved up by some 30% from highs of 0.13...
Games being played by mm's me thinks...
BLINK and u will miss the CORRECTION
If larry our ceo was planning to pay back on average 600 bopd on 1st well.....can u just imagine....what his plans will be after HITTING ...MOTHER LOAD....SWEET SPOT....INCREASED FLOW RATES....
i say...two things....
1. He returns to us bigger sums
2. He pays us lot sooner/quicker than originally planned
Either way i am not that fussed...would like to see this 2nd well being drilled asap....increase...revenues as quickly as we can....
No debts ...just cash coming in bank
HAPPY DAYS!!!
Many are forgetting....ceo in interviews has mentioned many times....of money being paid back to shareholders some time in the future...
Its good to be in a situation where...there is too much cash they dont know what to do with it...
HAPPY DAYS!!!
Many have traded/profited from #bce made decent returns..happy for them
Others have been adding on the dips..knowing last fridays rns has de-risked us
each2their own
imo GAME CHANGING rns came last friday..going fwd things will only get better albeit not in a straight line 📈
What many fail to understand....lets say that £85k is a sell...and there have been few big sells be4....
question should be...how the heck are mm's buying these big amounts of pi's....why are they willing to take sells on....
answer in my humble opinion is in two folds...one they mm's know...there is monies to be made...for them its easy to manipulate the market...they can easily spike us by 10 20 30 % ....and get rid of their shares...they also know rns is around the corner and the demand will be there...so just like us they are filling their boots......more importantly...imo its to do with supply and demand......demand has been crazy over last wk or so.....this seller....or rather these sells...are supplying mm's with much needed stock for MR HUNGRY BUYER.....i rather these sells are out of the way now...and when we get our +ve FLOW rates....supply will be bare minimum to DEMAND which would mean HIGHER we go....
I predict tomorrow will be FUN with/without rns..especially in last hr or two.
FOMO will kick in....chances are if no rns tomorrow....then in ANTICIPATION of rns tues am..pi's will be PILING in....
BUYING PRESSURE could mean..N/T into close..and MASSIVE GAP on open tues am
Https://twitter.com/BeaconEnergyPlc/status/1694684474036965688
Last weeks announcement hasn't gone unnoticed in the local press, an article featured in http://Hessenschau.de has highlighted the significance of Beacon Energy reaching this milestone for its potential in providing domestic energy solutions.
they must feel very confident of FLOW RATES...to be tweeting...
GLA GENUINE HOLDERS
One thing we all know...
We will be going STRAIGHT into production no waiting around
Revenues will start to ROLL IN 💲💲💲💲💲
Only thing we dont know is HOW MUCH?
200bopd? in which case rev = £500k/mth
500bopd? = £1.2m/mth
1000bopd? = £2.4m/mth
BRING IT ON!!!!
Just read ceo statement re-oil discovery
he states
"this well has the capacity to materially increase the Company's production and revenue"
KEY words imo"materially increase"
They know what they have..just need to do the flow tests and CONFIRM #bce
https://app.screencast.com/73JChDOZiRJYI
Be
Careful
Everyone
Theres bashers about...they have hidden agenda....
in my summary post i did say...mm's can be seen to drop shareprice by 30-50% for them only to shoot it back up again......
they dropped her from 0.09 to 0.06p look at price today.....some 200% up....
come back in a mths time....this should be well over 100% from these levels if not more.....
Not for faint hearted this share...will be volatile both ways up and down.....
I was averaging up YESTERDAY...highest i paid was 0.217....for me 0.10 was cheap...0.20p is cheap....0.30p will be cheap...as will 0.4 and 0.5
at 0.5 m/c would be £50m...for a self-funded producer thats undervaluation right there for u...
HAPPY DAYS!!!
Whilst drilling SCHB2..we were told of delays 2/3 times..each time mm's shook out the weak by dropping like -30-50% only for them to quickly take her back up
From my point of view the BIGGEST risk we had was not reaching TD and re-drilling some other time..which would have meant further dilution..many were on the edge including me..especially when we had reason for rise rns after only 20% rise..many have said it was on that day insiders knew of GUSHER and leaked..who knows..we will never know
Now compare that 20%+ rise day to TUESDAYS 30%+ rise day..is it possible some one / some where was being naughty again and leaked initial flow rates..again we will never know..but it did seem ODD
After about 5 or so straight blue DAYS..yesterday we finished RED by only -8% which i would take anyday of the wk..some 200% rise followed by -8% is not bad going..we should be very happy with progress being made on shareprice front aswell as on the ground in GERMANY
It is predicted FLOW RATES will be better than pre-drill estimates (mean 600bopd) due to bigger oil column and better quality..we have to be honest with ourselves ..YES 1000bopd+ could be hit but dont forget we would have been HAPPY with 600bopd initially..so for me i will be HAPPY with 600bopd anything above will be BONUS at 600bopd our revenues will be some £17m per year thats almost entire m/c of bce right now..whats not to like
Looking fwd..we will get Flow rates rns which could drop anytime from now till nxt tuesday morning..it would be interesting how this plays tomorrow afternoon..be4 long wkend..we could end up with lastminute rush be4 long wkend ahead of flow rates..we will also be looking fwd to updated report of new reserves at SCHB which would have shot up from initial 3.8m brls..possibly higher than 5m towards 10m..at 3.8m brls reserves value is some £300m. Then we have well number 2 at SCHB to come online later this year..we have already been told other acquisition can not be ruled out..if flow rates are excellent..we could possibly fast track nxt acquisition funds will be available. There are other BIGGER fields in our p/f which we can talk about another day
What has surprised me the most is VOLUMES in here in wk or so...some £10m has exchanged hands...when its very very hard to generate any kind of volumes lately due to poor situation economically financially across the globe..we are getting on many folks radar now...we are about to become self funded producer in 2/3 wks time..if you are looking for undervalued growth company on AIM..then this is it
Lastly i want to say..nothing goes up in straight line..as we have too many traders in this game..i bought ncyt at 26p sold it at 36p...thought i was smart and beat the market...didnt wnt to hold something that had already gone up by 300%...it went on to hit £12..there are other examples aswell too many to name
Play it safe...its your monies...invest trade wisely
HAPPY DAYS!