The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Its been almost 3 mths since we started to drill...been a roller coaster of a ride....
Where we have waited 3 mths...we can wait another 6 or so wks...
Good thing is numbers are in our favour...900bopd ( expected )....5.8m reserves.....both of these could increase...time will tell...
we already produce 50bopd = initial 250bopd from schb2 = 300bopd.....
300bopd = something like $750k in revenues....
imo the drop has been overdone...we have the VOLUMES...to close the GAP
In all honesty the company has not been upfront...they say one thing and do the other...was expecting to go in production this week....for me being bit late..having delays is part of the game....its normal....but bod have to honest and be STRAIGHT with us shareholders....12 days testing should mean 12 days testing.....production starting 2nd week of sep....should mean 2nd week....we are no MUGS...today it was played into trolls hands...even though....i think apart from little delay...the rest of rns was excellent....900bopd is way higher than pre-estimates....yes some will have doubts in this figure....i dont....i will give Bod one last chance...
After having topped up several times prior to today.....i have just ADDED more....i feel providing these numbers come in ...this is a NO-BRAINER....indeed a GAME CHANGER...
HAPPY DAYS!!!
Know what todays rns means....
Todays news in INDEED....TRANSFORMATIONAL....
Very very HAPPY....its been tough few weeks....but WELL WORTH it.....
Dont fall for games....they will be played...atleast they will try to play them
Below are news release's from Rhein Petroleum after HITTING oil at SCHB1 and SCHB2
Spot the difference....
SCHB1 news release after DISCOVERY
https://app.screencast.com/cCJ4i1VhtHHi0
News release after SCHB2 discovery
https://app.screencast.com/VgWNE9uAoWmi0
There are lots of IF and BUTS at the same time...its so EXCITING...to see shareprice on upward PROJECTION...small steps have been much BETTER than BIG JUMP
All of us who have been in since early 0.10's or even lower...have seen us WALK towards 0.27...now that training has been completed ...we can now start to SPRINT towards higher levels...as we approach D DAY
I am not a chartist have never believed in charts....as rns/news...momentum etc...can overtake and dictate which way shareprice goes...HERE at bce...not only have we got CHARTIST onside who are not only seeing BULLISH SIGNAL but are also seeing GAP FILL to 0.57 from low/mid 0.30's but more importantly we have other crucial indicators on our side...like....MOMENTUM/SENTIMENT / GAME CHANGING RNS inbound etc
We just need these FLOW RATES to come in at min of 600bopd...the rest will be left to the HERD/TRADERS...by the way if flow rates are slightly lower..we will still do well just at slower pace.
Some of us took the risk be4 drill results.....their REWARDS are the HIGHEST as it stands providing they are still holding...others took risk on results of drill day...they are 2nd in list of REWARD....then you have others joining at different points....0.18 , 0.20, 0.22, 0.24 etc etc...when we get +VE rns more will join us at HIGHER price....when we get PRODUCTION confirmation...yet more will JOIN us....new plans/journeys will be announced....more wells will be drilled....each stage more folks will join in PAYING HIGHER....bottom line is....the HIGHER the risk...the HIGHER the REWARD...come back in 24mths time...when there might be a talk of MONSTER 150MMBLS drill our m/c could be in region of £100m-£200m..and some new ENTRANTS could be saying...this is so UNDERVALUED as a PRODUCER of around 4000bopd+.... risk for that exploration well would be low...as we would be self funded...but REWARDS could be HUGE...new entrants at that time could be seeing 1p-2p cheap....not knowing.....many were BUYING the same share in the 0.20's or even lower 24 mths back...and are sitting on 10-20 BAGGER already....In this game of casino on AIM...most folks are HAPPY with 10-20%...rarely do u see some HOLDING for LIFE CHANGING figures/sums
JUST imagine where beacon could be in 2/3/4 yrs time..by the way...another plus is....say you bought 1m shares at 0.20 that would cost you £2000....if you was to hold say 2/3/4 yrs ...then u could end up getting back something like 20% initial investment or even more each yr in dividend...at 2p say they pay 0.04p as divi...your returns would be £400/yr in dividend..u will still have your MILLION shares...and this ick here is thinking he can BUY 1million shares paying £20000 at 2p for this upcoming MEGA DRILL as a BARGAIN ....INDEEED smart ones the ones with VISION are loading up right now
Risks are there...if everything goes to PLAN....after last rns....every chance they will....then REWARDS can indeed be EXPONENTIAL
HAPPY DAYS!!!!
Daprophet...we might not be in 2020....
But be rest assured....mm's still MANIPULATE....if they are short.....and have been holding this back.....then there will be MASSIVE gap up....not sng style.....but 20/30%......you get that alot these days....
GL in your sipp holdings....
Even though bad news can not be ruled out....i am VERY VERY OPTIMISTIC.......they hid an EXTRACT in last rns....which stated ....SCHB2 is already COMMERCIAL...so they KNOW what they are doing.....
It would be IDEAL ....FLOW RATES are mentioned with PRODUCTION commencing .....and then few days later....maybe a wk or two....let the updated reserve REPORT out...that will keep traders at BAY....
Comes MONDAY morning and lets say we get that LONG AWAITED....rns....any guesses where mm's might open us at..assuming the FLOW RATES +ve as EXPECTED....
well i wouldnt be surprised if we opened at 20%-30% up.....
The BIGGEST GAP UP on rns at 7am....i have ever seen....is at SNG....200% gap up....closed friday at 32p....opened monday at £1.......some must have lost patience and sold on friday...thinking they would get another chance on MONDAY.....thats what happens....if one tries to be SMART and try to beat the MARKETS.....mm's are not stupid....i at times have been thinking they are PLAYING games here...not letting HER GO!!!...like they are short holding us back.....well ,,,we shall find out soon....if mm's have been playing games....
If VOLUMES pick up...there is every chance we can still finish at or above 0.30...
If anyone feels its best to de-risk...then fair play....profit is only profit once banked....
My GOLDEN TICKETS are going now where....
FINGERS CROSSED...we get the RIGHT +ve rns we all are looking for nxt wk....once THAT news lands...and if it is as EXPECTED...then freebies at low price be gone for GOOD....
We are not talking of...small annual contract of £100k or £200k and shareprice jumping 10 fold.....we are talking of...PROFITS in region of TEN of MILLION POUNDS / annum .....
I stick by saying we will see at minimum £100m at some point in nearterm...if NUMBERS go our way next week...
HAPPY DAYS!!!
In recent years i would say last 3-4 years....there is no such thing as LTH holders...if one ends up holding a stock for more than a wk he/she is classed as lth...lol.....we have too many traders...thats cool....if thats what makes some monies then y not....
My strategy has always been...to BUILD my position and MULTIBAG....
I find the problem with trading is...you might WIN 1 2 3 4 or even 10 times....then comes a TRADE u are locked in and bang all winnings are gone...thats assuming one goes all in.....like many do on AIM...i am not referring to investors....just traders.....
When one buys a share...they need to have a VISION...they need to do their own research.....
Problem these days is...keeping the TEMPO up....keeping the MOMENTUM up and sentiment going is no easy feat...especially on a share that is not on many pi's RADAR...
cast your minds back when this was at 0.08...drilling....there was hardly any chat...bb was DEAD as anything on certain days.....
Now the herd have come ( in small numbers yet ) and to it GHOST....if nothing else,,,we are keeping the CLOCK ticking...whilst ....bce TEAM is at work.....pi's on AIM get bored and they move on...we must be able to ENTERTAIN one another....and spread the word far and wide...we only do this if we believe their is going to be +VE outcome in end...if we didnt believe in that...then we might aswell just give up...or start trading like many do.
I am a STRONG BELIEVER in bce and think they will DELIVER nxt wk....if i didnt....then u would see me promoting as much...yes PROMOTING and ramping....
each2their own....
ppl will bash bce and they will troll casper or anyone being +ve for their own agenda......u will be surprised to see/know,,,,how many have traded this share...i would say atleast 85% would have traded atleast one time...nothing wrong with that...sometimes one can increase their holdings...i myself have only ADDED..not in last wk or so....fully loaded and ready to go.....
HAPPY DAYS!!!
600bopd = revs of $18m Net profit of $12m per year
800bopd = revs of $24.5m Net profit of $16m
1000bopd = revs of $30.5m Net profit of $20m
1200bopd = revs $36.5m Net profit of $24m
Further wells to drill will cost $4m/$5m each....
I just hope it doesnt come at 4pm...
LAST THING we need is....MASSIVE RUSH in last 30mins....followed by MASSIVE GAP UP...monday morning ...that plays into traders hand....but i have seen that happen be4....
After all this is AIM...anything is possible...believe it or not....once ...a company put out OFFICAL rns out on company website by mistake on a SUNDAY....obviously no damage was done...as they rns'ed officially on the exchange at 7am monday morning