Member Info for Coldspy

40mmcf is 411,298 therms

150p per therm price

£616k a day
£4.3mil a week
£17.25 mil a month
£241,800 mil a year revs on 40mmmcfd

25mil Mcap

Courtesy of Robbie on twitter/Robert on LSE.

That UT means we'll start the day 'red' but it's fake.
Just staying level would keep us red.

We closed at 5p-5.1p and should open there.

Hopefully we can get over 5.2p and end blue anyway. A nice 10% day would be lovely leading up to drill mobilisation

Seller still providing cheap opportunities.

Won't last forever.

We're just over a week away from spud

Most of the trades are buys

If you're confused by the colour maybe you shouldn't be investing

Yes I'd be surprised if no update early next week. Monday Tuesday.

They said urgently meet with partners to discuss next steps so expect that to be done.

Rig sat waiting at a huge cost. Needs to be drilling something

80m pounds of sales was achieved in 8 months with circa £35m cash leftover.
Gas prices will be lower going forward.
Production currently lower too.

Need Elgood back online even if Cyclically.

Need A1 to achieve say at least 10 mmscf/d so we can add A2 on and produce 12-15 mmscf/d from Southwark.

Need Blythe too

Could easily generate 150m pounds in the next 12 months. Need to be cautious, smart, and a dollop of good fortune and this company could be throwing off cash soon.

Also, in sure I saw mentioned about an interview where they indicated even having the cash they'd prefer to arrange fresh financing and hold the cash.

Cash in hand for more acquisitions and expansion I guess.

They've had bad news after bad news after bad news.
At some point this turns around and a couple of good hits this could be back at 40p by year end again

Not many out there with serious 10 bagger potential.
It can go 40p to 4p in 6 months, it can go the other way just as quickly too.

Interesting re DELT

Considering their success as RNS today. Their geologists and management are obviously damn good.
Almost everything they achieved hit exactly within their pre-drill estimates and parameters.

We basically need them to study our seismics and tell us where to drill.

Worth paying £5m for that consultancy if successful

Blue finish possible. Wouldn't take much to take a couple of steps up.

Tomorrow should be a blue day. Thursday consolidate and Friday blue test 6p

Newtrade

Lombard have been selling shares in lots of companies they hold.

They need to cash out and when they got to dump, they just dump.
They rarely care for the price achieved.

Being II holders they have large holdings and this sell pressure can't be absorbed by regular traders so crashes the SP down

Hence where you see IOG now.

Once they're clear the sell pressure is off and the SP can recover over the coming days to a more sensible level

Bare in mind we could potentially see a TR-1 buyer too. Lombard held a lot and there's no way you and me took the slack

https://twitter.com/Andy47640/status/1621621204095324161?s=19

NOBLE HANS DUEL on site

That's exactly what Rigger said.

Stop the water and automatically the gas would increase anyway. Regardless of re-perforations etc

So assuming water has been reduced and new more powerful perforations have done a good job of stimulating flow then we could see some positive news flowing soon.

Hold tight

180m dollars my backside
Please don't buy at this level thinking you'll see multibags
What you might see is a discounted placing very soon.
Not to deramp, just serious advice.
I hope it goes to the moon but 0.19p to. 1.05p in a week you've got to expect it. This is VAST

Yes down 5% must be time to schit my pants and sell up

Or I could just hold and wait for the improved flow rates from Southwark and double my money

Decisions decisions

Any update from Rigger lately how operations are progressing

What was it about the constant sell pressure that made you think they haven't sold any since last TR-1

They almost certainly have been actively selling.

Next update will tell us how much

Thank you mate

When is IOG mentioned please @blades

Doesn't matter. Will just go 10% up soon as market opens

Average price realised in 2022 was 203.5p per therm

December was 300p and January is hedged at 319p therm for 30000 per day.

Cost to produce c. 13.9p

Absolutely chucking off cash although reduced production but current prices more than offset that.

Look at say BOIL for example. No production yet etc and over £40m mcap.

And IOG here we have at £36m cap with probably near enough £32-35m cash and bringing in over £1m per week from gas sales.

Once all the fields are running we could be looking at double the production. Even at 200p if prices fall then we're talking easily over £10m per month in gas sales.

Monster in the making but more importantly, very underpriced here just on current fundamentals even if they simply walked away from A2. (which I don't believe will be the case)

https://www.heraldscotland.com/business_hq/23276763.north-sea-minnow-iog-backed-warren-buffett/