Member Info for Castaway

I don't know much about how to value an oil company but I have looked back and CaveatEmptor posted figures on 6/12/12 I have used most of his figures but extrapolated them These are the results BOPD £ per barrel Daily income20% 1 year Gas Inc. Total Total X10 S/P £ 130 59.85 7780.5 1556.1 £567,977 £94,500 £662,477 £6,624,765.00 0.19 155 59.85 9276.75 1855.35 £677,203 £94,500 £771,703 £7,717,027.50 0.22 180 59.85 10773 2154.6 £786,429 £94,500 £880,929 £8,809,290.00 0.26 200 59.85 11970 2394 £873,810 £94,500 £968,310 £9,683,100.00 0.28 250 59.85 14962.5 2992.5 £1,092,263 £94,500 £1,186,763 £11,867,625.00 0.34 300 59.85 17955 3591 £1,310,715 £94,500 £1,405,215 £14,052,150.00 0.41 Based on latest oil prices shares in issue and $/£ rates - anyone got a better idea? The flow rate of 155 BOPD produced in the recent test still give a a s/p of 22p based on these figures - looks good value at 7.35p!

Like you say its got to be next week From the RNS on 8 Jan: "indication of likely sustainable commercial flow rates is expected to be available after a few weeks of continuous production" It will be 4 weeks from the date the pipeline was reopened on Monday Whats a few 3 or 4 - with SLME its probably 6

Its gone very quite - We must get news of flow rates on Monday - surely?

My personal view is that this share is cheap at 8p I think it is at the lowest point, We should get flow rates next week and if they are as estimated 155 BOPD there should be a good rise - if production is significantly higher this could go to the 20p plus levels of a year ago. I have been adding shares (averaging down) in the last week and this is the biggest holding in my portfolio. The delays have been painfull (but not the BoD's fault) with a steady income flow and 5 mil SEDA agreement the future is bright.

Totally agree - I think we should get news of flow rates by the end of January. Hope they are good - interesting days ahead! My only concern is that some will sell into the (hopefull) rise from the placing at 7p.

I think they are all buys apart from the 150k trade at 1:32 I bought this morning at 7.99p and have just been offerd 7.99 for a small sell - very tight spread!

Oh yeh - the MD of Gledhow is Bruce Rowan who also owns 17% of Viridas and has fingers in lots of pies!

Just looked into Gledhow they pur £100,000 of LDP shs in May 11 and sold them in Jan 12 for £424,000 - hopefully this share will now perform the same way! - they must know something good is lined up