Member Info for cperkin

Surely they must start with a base valuation and discount for the institutional investors and the open offer trrime. Yes once open to trading the market will then decide what Scirocco is worth.

Hi Steve, the BOD forecast full year earnings 2020 for the North seas assets as €20 million Nett (Gross would be considerably more)

Just replace the £22 mill book value with the £15 mill close value in that case.

I also think you are miles out Neil. Production revenues of 1750 boepd are backdated to the first of Jan 2019, this alone is higher than the close market cap of £15 million, never mind the £22 million valuation for old assets, the €40 million NPV10 of new producing assets and the €60 million of NPV10 2C assets.

I will guess at £50 to £70 million mcap on open.

This hit over 3p on the Farm-out deal announcement, the licence allows that farm-out out to finally complete and the $35 million carry to production + the additional $2 mill cash on top of the $3 already received.

Just a question of when.

I personaly don't think that licence is far away.

Thanks to Jules & wen.

https://twitter.com/SherwoodJ8/status/1188931784240705537

Publication today shows gas demand outstripping supply in next ~12mo. Initial supply shortage 50 to 150MMscf/d, rising to 200 to 300MMscf/d 12mo later. That’s domestic demand. With potential export via regional pipelines soon after

I personaly don't think that licence is far away.

Thanks to Jules & wen.

https://twitter.com/SherwoodJ8/status/1188931784240705537

Publication today shows gas demand outstripping supply in next ~12mo. Initial supply shortage 50 to 150MMscf/d, rising to 200 to 300MMscf/d 12mo later. That’s domestic demand. With potential export via regional pipelines soon after

Lets see how many more twitch today.

Expected to be around week 2 December, you will be able to complete your vote through your broker.

Same here Froggy, I have mailed Saxon Group, lets see if I hear anything back.

Congratulations to you and the extended Mousey family!

Depends on where the rig is?
RNS Number : 3752N
Aminex PLC
24 September 2019
"We are encouraged by the ongoing discussions with the Tanzanian authorities to be able to accelerate the planning for the early spud of the Chikumbi-1 well, through the tendering of services, ordering of long lead items and securing a contract for a drilling rig.

All I can say is I agree AA.

The NAV will be multiples of the close value of £15 million, base value ~ £56 million and that's only existing book value (£22 M) + New 2P producing assets (€40 M) and ignoring completely the 2C NPV10 of €60 million.

Might be Heyup, not sure its so important for an appraisal licence, certainly is required for the 25 year development licence. In either case Nov is 5 working days away.

Founder & Chairman of Tanzania Oil & Gas-ATOGS

Abdulsamad Abdulrahim

@abdulsamadz
·
56m

Invited to #Muscat #Oman this week by Omani Business Communities for substantial talks to boost Regional & International cooperation with view to promote Trade, Investments, Cross-Cultural, Know-How and Oil & Gas sector between #Tanzania and Sultanate of Oman. An eye opener trip!

https://twitter.com/abdulsamadz/status/1187983008265068545

I assume the Zubairs were there.

Founder & Chairman of Tanzania Oil & Gas-ATOGS

Abdulsamad Abdulrahim

@abdulsamadz
·
56m

Invited to #Muscat #Oman this week by Omani Business Communities for substantial talks to boost Regional & International cooperation with view to promote Trade, Investments, Cross-Cultural, Know-How and Oil & Gas sector between #Tanzania and Sultanate of Oman. An eye opener trip!

https://twitter.com/abdulsamadz/status/1187983008265068545

I assume the Zubairs were there.

Blimey so it has, it was there yesterday AA. It's still in the watchlist though.

Rising Damp?

h1oyo - Stick it in your QuickPicks (sounds rude, sorry) or wait for what looks like being SCIR.

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