Member Info for dai2belts

@Noob
The result was the same for both CoS 95% or 15%..
So same story, except LP resigned..
Although I think a lesson like that would have made him a better CEO

@dixy, nice profit...
I have a feeling there are buyers waiting and probably the MM have that feeling too... That Gap up yesterday on a nice to have RNS has me thinking they might play ball, even on some external events..
But who knows..

@SGF, how high do you rate your source about the discovery, and are you far off your average there?

@SGF, is DBD about I am looking for some educating, been working on my understanding of oil company valuations, I have a question on Kistos BB, no replies, :(

@dixy, whats your buy in price now or are you back in ?

@SGF, keep an eye on your other gaser, MM let it open high(gap up) and fall yesterday on a RNS, that contained the words "confirms and Indicates" so nothing new..

@Buzz, if you read the 2 previous updates they dont tell you anything about the area occupied by the targets, all you know they drilled to 5390FT TD, and got a potential 77ft pay zone made up over 3 different levels.. Would you top up, sell or hold?

After testing their previous well, your left guessing, waiting for further results from a lab...

Tai, We were supplied with the approx area, would have had the depths and fingers crossed % helium so with some studying would be able to estimate the volume of gas..

@Buzz, thanks for that post, its worth reading especially have little experience like myself..
It sounds very positive at first, but its mentions 3 target zones in the well, 35ft thick, and two totaling 42ft, so 10m and 2x 6m, porosity 16-18%... and a suggestion they are targeting an area with up to 2% helium..
so at best 18% of the 10m zone is gas, with at most 2% being helium, if my understanding is correct,

Muscles is like our Alf Garnett, Rigsby and Victor Meldrew all in one, funny but not allowed in this snow flake society..
Combined PI's lost millions, what was DMs comment about the share price after ?
I think LP just got it wrong but EnergyGeo pointed out a risk during drilling never mentioned, no way the likes of would know..
Here we had that sell off...
No apologies..

@Buzz, First line farm out, followed by 50p, its a sure thing, then your concerns...

@Noob, there is misleading information being posted daily on this BB

@Wyn, cheers for that, unfortunately cheap imports come before first, read some shocking facts about accuracy of the NHS lft, but never checked deeper to validate..
Ignore Porky, he has been telling me what I can and cant discuss too...
Anyway tell me about your day trading days, and how you could apply it the He1, I have a really good line to get a lower entry, and could come up with a few dips, in between Porkies ramping

@Porky, who has told people to sell on no news, I see a mention of sp drift?
Other than that your post was a good read

@Wyn..
What happened with AVCT's LFT, ?
Not sure about all not see it coming, plenty will have got out on the highs and moved on, but we got caught...
Do you go over the old posts, there is a very interesting thread back April time, puts things into context imo.
After reading, its good to see all this data being collected, and the more time they spend correlating it the better..

@Wyn, why not be flexible with your sell targets, aiming to get all your investment back when trading explorers..
Mind you ADV with its 95% CoS was logically the one to push the boat out on...
EnergyGeo talked about the unmentioned risk, It would be nice if he drops in for this ride..

links for the two FY2022 metrics

https://www.lse.co.uk/news/KIST/berenberg-takes-a-fresh-look-at-kistos-following-press-reports-surrounding-totalenergies-c23v3895ks1ba25.html

https://www.lse.co.uk/news/KIST/berenberg-lowers-target-price-on-kistos-following-greater-laggan-acquisition-et7kr713vkudxve.html

@DPYC, Much appreciated, so I was on the right lines...
How about Berenbergs Valuations

Below are the metrics the bank used to value the company along with target price, my limited knowledge is the lower the ratios and the greater the FCF the better value the company but they have lowered the price target although these figures have improved....any ideas

Was
FY 2022 EV/EBITDA of 4.0x, EV/DACF of 4.9x and a FCF yield of (5%),, 495.0p target price
Now
FY 2022 EV/EBITDA of 1.5x, EV/DACF of 2.2x and a FCF yield of 40%.. 455.0p target price

Muscles, the banters back :)
plenty believe in the black art of charts, enough to affect the price
"Helium one 30p end of next month", thats my favorite chartist quote

DM did say they were funded for drilling, but did not say how many drills, but time will tell

@AP, there was also a proactive interview today, if you have not seen it..