Member Info for dai2belts

...........................................................
Worth comparing later :)
Jadestone , (Oil, plus gas)
seems to be on on the bottom, as Tro pointed out
11,000 boed average estimate for year, down about 4,000 boed due to FSPO on going maintenance....

.....>>>2022 net cash $161M, <<<<<<<<<<<<<<<<<<<<<<<<<<<<
buy back in progress production
Acquiring assets, producing I believe...

Shares in Issue 451m
Market Capitalisation £314m

Kistos( gas, tracks Dutch TTF),
· Pro forma net production for the five months to end of May 2022 was 12.0 kboe/d, unhedged as of 1 April 2022
.
.>>> Net cash on 31 May 2022 of €6.3 million<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

.Cash balances on 31 May 2022 were €128.6 million( not sure about, cash balance vs net cash??)
Attempted to acquire serica

Shares in Issue 83m
Market Capitalisation £392m

If they pulled it off, they would have been a big success,
if they list with a big amount of shares, they will have high volume, be on cbnc from the start...;)
Then if they have a plan, with cash to start like when he1 listed, there could be a rise before anything happens, maybe
Gcat did 1 to 1.5p, on the excitement of rampers.. 50%er lol

..........................................................
I would take a look at their history, wild as all over the place, if I recall correctly I looked at them a good while back, got the impression they were looking in any direction for anything they felt would make them money.. Plan Money, next step how, or whatever
Bit like me, all over the place..

Its hard to believe China is still in lock down, and compared to their lock down ours was a breeze, people still having house parties and garden parties, little said..

So maybe scrubbers being fitted, so no scrubbers on the last trial ?

.................................................................
New BB
https://www.lse.co.uk/ShareChat.asp?ShareTicker=BCE&share=Beacon-Energy

...........................................................
@ID, Just come back from walking the dog..few toughts when not thinking
He1, worth checking out, might help you think about if/when to jump in..
The previous raise was announced after it was done.....just happened..

Last AGM was the approval of being able to issue 200m share as needed, as opposed to 100m..
A few have argued there are pre-emptive rights attached to these shares, if so there would need to an open offer for us guys.. so an announcement, and discounted shares for the entitled..

So maybe an announcement in advance of a raise, followed by a dip....

But I am not sure if that open offer could be announced after they have completed a raise with institutions and such.
And the open offer more of a gesture to meet obligations, very small..

They also brought in a new broker beginning of the year, spoke about their international reach..
New broker and 200m shares ???

And IMO an early raise would signify a fully funded drilling campaign was on for sure, so positive...
While throwing in a raise when drilling was considered funded would be seen as a selling opportunity...

Probably made things more difficult...
If i see the price rising before any real news, especially +10p I will be suspicious

...................................................
Also Boil just did x3 on it East Timor licence extension, before dropping back.
So next year they will be looking a JV, that will be a big rise..
2024 maybe drilling..
Not sure what the licences extension commitments involve ..

TRP struggling with funding for their Cameroon drill, 4 years in the waiting, BB compared it to Graff. that caused a rise..

Worth a bash, is 12 spuds .....even if its dreaming

..........................................................
Matd, still one to watch, the later in the year the better, even next year will do..
Q1, He1, 88e, hopefully AEX will drill after these two, maybe they have the Exalo rig after He1,
And they line up... but I have a position both.
He1 legacy position
88e, I think the rise will compensate for dilution,
AEX, keeping waiting for a dip, but its not coming..

PRD, due to drill MOU-2, they have already raised money to order the next drills long lead items..
So there is another lining up, The aim to export excess gas from morocco to Europe, if not then MOU0-2 was a duster..

Delt and Eco have more drills lining up 2024

.................................................
If you spot a spud, I will add it to my spread sheet..

Massive dividend, wow....

TXP, seen that bounce..
Another could be Jade, lost a lot of production related to a FPSO, unexpected issues.. Think it canned another prospect, gov regulations or something...
Tro mentioned it was at a bottom(another good tip), seemed the price was stable, then dipped a couple of pence below 70p before bouncing to 80p, 69p today...??
https://invst.ly/zqebq

Void it sounds like your expecting a
https://www.youtube.com/watch?v=4eNBM17tkjI&t=184s

Me a TR1 with your name on it

@Blueglow, I looked, I see no dragon, so its just a weather sock :)

@Wyn, cheers..
What does your charts say about DELT, seems to be flat with weeks of drilling ahead of a high impact prospect, not just for the company but a new prospect for whole the N sea... seems only the brave are holding

@OandGeo, , I did think it was the company, and with Dazzles comments I will have a few more reads, and probably see a different picture..
Thanks for your reply,
Much appreciated both

.........................................................................................
I think Gcat will be another 50%er, early next year...

I keep posting the 50% 12 spuds, to try and encourage a group to work together, find the spuds, pick out the high value ones with good prospects, and keep each other on track, and focused..
Increase the chance of success.. shout get out when the story changes...volume etc

@ID78, That 12 spuds is easier said than done, I got caught on He1, after doubling my money on Tai-1, getting back-in, to take 50%, to get suckered into Tai-2...going for gold when I had gained 100%.. never did that 12 spud maths back then..

ADV, attitude, its only profit, did'nt make 50% but close..

EOG, dived in on spud thinking thats when the price dips, before recovering, thats not the norm my research shows, but what ADV and He1 did..Both before hand said they would keep us informed , big difference..

PRD, was up, and chasing about 12% more to get 100%, ended up with 50% overall..Surprise fund raise, small but downtrend started, and I doubled up on the dip from that RNS, such a small raise..lol

So blew 3 of 4, but I was there.. nearly blew PRD though, had'nt done the math,,

Matd, I believe were expecting to drill, the year before, got delayed, needed a bridging loan, following year access issues, but everybody is aware now... they had a heavily discount raise after big increase in share price too, not nice, but suggests funding is not cheap for them...
They are presenting same night as He1, 6th Dec I think, LSE webinar, might be worth a listen, if access is resolved, easy 50% from 2p...

88e, PANR the resource being test now, extends into 88e's licenced area, if thats a big discovery then 88e will do 2 or 3 50%, so thats one year advancement lol

He1, , 8p could be expensive depending on plan.. It all goes on how they announce they updates..
Too many changes, but its a hot share,, I am there as I got caught so was 50%, could have got out with 10% loss and bought back almost 1/2 price , blooody FOMO

Dumb money me lol

.................................................
Dont post in, to keep tidy
..................................................
So next year
2023 H1
======================
Q1/2
He1 Q1, Jan/Feb
88e Q1 Feb/March
Aminex, scheduled March,
UOG H1 Turkey, Basur appraisal well, need to check value
.....................................

=====================
H2
Q3, LBE, Rig booked(20% interest)

QFI Msc Trial, POC, then Full Trial, looking for Dec signing papers
Test Ship, purchased, booked for Dry Docking End of 2022, delay ??

Boil JV, East Timor, should do x2
TRP Cameroon, requires funding

...................................................................
@KevR, lol , thats that bloooody ITV, lol
I keep telling myself too many twists, stick to putting aside a pot to accumulate on spuds, 12 spuds over a few years, making 50% profit, reinvesting will give almost x130 return..And another 3 over another year will give an unbelievable x437
15 spuds, say 5 years x437, as long as you dont get caught with a big loss its do-able..
You can do 2 a year, even 1, and you will be retired as planned...
In between play monopoly money to gain experience on the ones you dont choose to invest in..
One per quarter, 3 years...x129
13 spuds @ 50% x194
14 x291
5 x437

Check it out , some fun, stick with 12 spuds/periods, vary the interest rate 50%, 60%.....
Set compounding to none
https://www.mathsisfun.com/money/compound-interest-calculator.html

.......................................
Oh yeh, thats really good news as it is a very high concentration.
So its there, and the sealing clays,
but we need both migrating and sealing faults or faults that leak slower than the trap fills..

I am just saying I dont believe Tai was a portrayed..
Over excited CEO, jumping to conclusions, speaking out to quickly.
Now I believe they read the BB,
one of the guys registered for the geo society presentation, and commented on the BB, about drilling the wrong block.
Not sure we would have been told otherwise, so they clarified the upper location was out, not TD, which had been suggested by the BB geologists ??

But that excitement is great for the share price, and if he does get a discovery, it will be written all over his face :)

@ID78,
if your tempted with base let all know, please ;)
Your more clued by far than I am, then I can try and pick out those good points too..

I seen MAtd tipped to the ADV BB after the duster, after a few days reading up on Matd, I passed the doc onto an experienced oiler, a little later I get a set of good and bad points, that still took hours of reading to pick out..
Although I would have made a good gain, he pointed out access issues, which the CEO kept quiet until end of drilling season, and I would guess all the LTHs knew about too...

Not asking for bullet points,, just a quick heads up, for pointers to research..

...................................................
There are 10% seeps around the springs, so it is there..
But I dont believe what they said around Tai-1,
There is atmospheric helium in the area, its probably wide spread at low levels throughout, below ground too..
To me the atmospheric helium could be migrating along those young faults they mentioned, probably why they had all those bubbles, drilling through a fault.. Then casing that section, probably no more bubbles..
If they had a discovery they would be drilling very near the original location, just far enough away to miss that fault, maybe at an angle to within metres of the original TD

But I have little knowledge,, so cant really comment