Member Info for Da_Gee

CBS read my post again you fool. There is a difference between NPV and the total value of the project over x years. I cannot see you give any good reasons for what the sp should be or value the company apart from slating it. Why talk down your own investments.

Based on current SP we are only trading at NPV value and companies are valued at 4/5 times there NPV value. 0.78 * 4 = 3.12p At least or 3.9 p. We have 2 months to secure a debt facility before we go to market to get another raise. The bank facility will make us stronger in the US plus give us greater power over the Aussie farm-in negotiations. AC has mentioned we are looking for a partner to pay for interpretations/ seismics of data and a drill in his latest video.

Welch was bought at $350k NPV10% which it value discounted by 10% is just over $2 million and increase of value by 500% we could sell it for that much today. 234k * 65 = $15.21 million value to a potential buyer. Above figures include an incremental proved undeveloped reserves of 102k barrels. Only one horizontal well is included in the report and the bod are looking at 3. So that’s another 102k incremental proved Undevelop reserves. = 204k barrels for further wells And 0.597 million *2 = $1.19 million npv10% so including the 2 further horizontal drills data . 234k + 204 = 436k barrels of proved undeveloped reserves with a 10% discount. That give it turnover value $28.34 million .. key is a bank can take the assets and sell it for $2 million plus we have 27% of Arkoma worth NPV of $1.08 million so a total so far of $3.08 million that the bank can use as asserts to offset against any debt facility..

We are doomed Kev run for the hills MSmN is no longer tradable.. go to another share that has trades on it.. check the ftse 100 companies they have loads of trades there.

AC mentions the Farm-in partner to come and join them for not drilling only but to help them prepare all the data and then drill. That is sooner than the market thinks.. The fact they got an extension just for data processing until Aug 2019 and first drill by 2020 positions MSMN in a stronger position now than before this update. He mentions similarities with Dukas prospect that Santos will drill which has expected tcf numbers.. This year.. we definitely are more attractive now than ever before due to all the drilling activity in the area coupled with the pipeline. A Farm-in will not wait until next year Aug to see if MSMN cannot process data. I believe they will meet that easily and we’ll before.. and they will not wait to see if MSMN will drill in 2020.. in this QTR I would like to see several companies sign non/disclosure agreements to see what we have and possible initial bids. MSMN will look for someone to pay for the seismically and drill them a well is well due this strong position in return for a good percentage. Value has definitely increased for this license alone including the extension we had. Plus there looking at EP156 area next to us. This news can come anytime and any mid-sized company that wants to tap into the Aussie market it’s an opportunity for them. Key was extension if that failed MSMN would have been in trouble. Market will wake up to this eventually.

Let Moyes and Co do there Job now. The chances are quite high. Key is we need several interested parties and that should set us off nicely. No one will wait until August 2019 so that our license will expire by that time we should be in a good position ourselves. So q2 we could receive something.

‘These results mean the project is now expected to be much more attractive to potential industry partners’ .. I’ll read the latest on the nearby fields see what they are producing/ doing. I believe this independent report now has value for third party farm in or joint ventures. Surely someone will join us as we are certainly in a very good high demand area. Everyone must be looking at our piece and may have been wondering what is there. Now they have it. Just need someone to sign a non-disclosure agreement etc that should trigger this off in the right direction. The fact that Aus have extended the license to us shows there confidence in MSMN.

It all depends on the updated report. What is the prospective numbers that a farm-in will need to consider. Moyes and co might already have a prospective idea who are marketing this internationally. We need the reserve report for Welch that will confirm how much independent oil reserves we have. That coupled with 27% of Arkoma will give us that route to the debt facility and potentially unlock the Aus NT assets. Arkoma I’m sure will come good as I’m sure all 3 partners would not be in the same boat if there was nothing in there. EPS will allow the oil to be extracted at the same time from multiple zones. Unless as I have proposed before we get a partner and we need to give them a good chunk to have a free carryover drill? Win for them and win for us. I prefer the debt facility and unlocking potential as that gives us power during farm-in negotiations. As the area is hot and prices are good I’m sure a number of small/ mediums players would like to take a poke at our license area with us. 2nd quarter should give us this potential.

Was not expecting a magic Wand not sure what the people selling today were expecting? Clearly they have done what any other businesse in the oil and gas sector would do. Invest money on potential assets, build them/ workovers/ get reserve reports Cash end of financial period 830k plus 917k from placing (£500k) = Aus$ 1.747 million minus Aus$294k for arkoma option minus another Aus$294k for electric pumps plus revenue from 3 months ending 31st March Aus$137k = Aus$1.296 mllion minus expenses. = US$ 994k or £707k . Why would anyone sell today based on news from 3 months. We have confirmed reserve from Arkoma, potential Welch reserve in progress and Aus NT report. GLA.

OZ is the potential that can only be realized when we hav solid Income here and get a Debt facility. That is what will unlock it. It also depends on how much we are targeting? If in the tcf region MSMN is too small to get a couple of million drill going. Even if they gave away 60%/70% with a free carryover I will take that any day. 30% to us let the partner takeover. Or in the immediate term I would seriously consider look at an horizontal well at Welch and be ready for when the report comes out.

CBS that’s all my thinking of the possibility of having a debt facility. Along with independent reserve from Welch. Your chances get high. 120* 60 = $7200 * 30 216k minus LoE can we service our debt with that? And pay our running costs. A year that’s $2.62 million if we get then we may not need to come to the market. It’s all ifs and buts and potentials that I’m investing in. Next 3/4 months are very crucial for the company it’s stratgy and if it indeed has turned a corner.

CBS for that let’s see what the financials say, they Bods have mentioned ‘ ‘We have said a number of times the projects are positive after LOE costs.’ Quote from JB. Exactly what figures we will find out soon.

CBS it is clear the 2nd option is mainly for our partners Blackstone as they have to buy another 18% so I guess they want to see numbers first. Going—forward, it’s the other news that’s important now while work goes in the background for Arkoma. I’m not too bothered about the next options unless the rates are very good. Key is from 3 projects we need to hit around 120-150 bopd. That’s more than ntog record of 116 bopd.

They have ‘amended the 2nd option. Executed the documents. We have until 31 july to EXERCISE IT OR NOT EXERCISE IT.’ That’s what I got from an email from JB. Extra 6% won’t rocket this SP. but the EPS will be key on the 2 wells that will extract oil from several zones. So once the bopd rates come in then we will see how things progress in Arkoma. Welch/ Strawn numbers In early April plus financials coming soon by end of this week. Plus Moyes report for Welch as that seems the most attractive acquisition out of all the 3 projects.

It must be Carla selling who has gone not heard from her? Good news from NT providing companies follow the rules to mitigate circumstances then it’s ok. It happens everywhere even in the UK it has been given the go-ahead and in America. So I’ll be looking forward to the Aussie report and any update on a potential partner. If we have locked anyone for due diligence. As that is what will ignite this share.

I’m happy with the decision and was thinking that last night.. why rush a decision let’s see how the 2 wells perform with EPS and produce from multiple zones. Will be good to see what the current income is although that will be reinvested into Arkoma. So next is the Aussie report news, plus any marketing update from Moyes and co on that followed by some production figures from Welch/ Strawn and the Moyes report on Welch reserves and of course the financial report.

Cheapskates that’s a good thought process there and remember if they take the option then they have 55% of the proved reserves.. the banks will know this information and that’s worth $2.36 million of the NPV that’s just for odd 346k 2p reserves barrels, 2c 610k barrels that worth $8 million approx so $4.4 million to MSMN that alone should secure a device facility if we take the option we have.. this not take into account the potential 2.5 million barrels and the 2 large area that we have not even tested yet.. as we drill wells then we will find out further info. All the Bods have done currently is test existing well for multiple zones. So I believe without Welch figures we should be good but they would add to the amount we can get. The more the merrier and key is MSMN should be able to service the debt. Ask any accounts guy sometimes debt is good if the company is healthy and it can service it.. GLA whatever the Bods decide we will find out tomorrow.

Simon if it’s not taken hope you have sold out then.. oh sorry you did not even get your buy in price. Yes they can extend the option is well and so what I rather take time than to rush to a decision because of you. As the next option once increased gives Blackstone the option to buy the remaining stake and MSMN becomes the operator. Both companies are spending $450k on 2 electric submersible pumps. That alone shows me they want to move ahead and get the ball rolling. Time is money.

CBS lets all just wait for the report.. the fact that there using Moyes and Co to market this internationally shows that they are expecting something good from the report and worth while drilling for.

CBS due to the shortages and higher gas prices the NT government will give the go-ahead to unconventional Gas is well. There is gas cartel operating and they do not want that. Yes my figures are old is well and many nearby wells have been drilled and takeover was done last year is well by major.. the report we are waiting for has all the latest data according to all the wells that have been drilled in the region. So this 12.44 bcf could increase. Companies have made big investments nearby so the lobby group will be in full force.. plus these areas are soo remote all humans live on the coastal areas hardly anyone lives in the middle of Australia. If it benefits The Australian economy and The Australian people then I see no reason why they would not approve. Gas shortage the need to control prices. Just google gas prices in Australia you will get plenty of material.