Member Info for ConMan94

Oh I agree with you Spudton, I'm fully loaded here, and will continue to add sub 3p. Imo 2-3 bags here easy within 2 years as long as Sancrai doesn't flop and prices hold up.

Moftinu declines at a rate of 3% a month which is clearly a big problem and one of the issues that faces Serinus and could put off potential investors. In Auld's interview today he's talked about using some sort of compression to help maintain the flow rates at Moftinu. We need more information on this as I can't see in the presentation this has been spoken about before, nor have I heard him or Calvin speak about it. He also said about potentially drilling one more well at Moftinu which would help.

If they can demonstrate that they have the ability to slow the decline of the wells then this will hugely impact profits and will put less pressure on Sancrai.

Should this compression not work then there will be big pressure on Sancrai to deliver Moftinu like flow rates. Essentially the company needs to reinvest it's earnings extremely wisely. If it does and gets success at Sancrai then all bets are off in terms of SP as in 2022 and 2023 especially we'll be making $30m+ in profit a year (Gas + oil price dependant).

I'm just finishing off my Serinus forecasts. Happy to share them if people want them just contact me on twitter same username.

thats $1m pm op profit btw

I've got us making about $1m from Moftinu, so unless you're getting $2m profit from 550 boe in Tunisia you're $3m profit is way off.

I've got forecasts from Romania of Op Cashflow of anywhere from $8m to $12m depending on the gas prices.

Tunisia I'm finding it much harder to accurately forecast due to the inclusion of both Oil and Gas. Any help on the split would be much appreciated.

JD how are you getting $3m profit a month.

Can only pick up in £500 or less on HL. Picked up another £1k

google is usually a good place...

https://www.google.com/search?q=wse+sen&rlz=1C1CHBF_en-GBGB931GB931&oq=wse+sen&aqs=chrome.0.69i59j35i39j0j0i22i30j69i59.2346j0j7&sourceid=chrome&ie=UTF-8

Buying op not a selling op

The work for Tunisia is clearly laid out in the March 2021 presentation QD. Well 1 to begin pump installation later this year.

lmfao cracking set of results. what sort of numbers did people expect given the oil prices last year, bunch of loons.

Anyway, look at average gas/oil price from last year and look at price now.
look at average bopd last year, look at what its going to be this year.

Easiest hold in my pf

Warsaw is limited by numbers.

wow, he doesn't seem happy.

Recently got onboard here. Well done to all the LTHs.

Another SH here who is happy Conroy JV ended. Just a snip of news on access to the restored areas and I'll think you'll get some buying pressure from people like me, who are invested here with a decent chunk, but have some room to scale in.

Yeah they told us already 26th

By the way, I know the MC will be higher when the new shares land I'm not stupid I was pointing to the fact they've raised a lot of cash given size of co.

Company has just raised c£30m and have mc £38m

in before the bell @33.85

Picked up £1.5k. GLA

I think we can all agree that a US listing will come, just a matter of timing. Probably at least a year away given the size of the raise today.