Member Info for deeko

Just looking at my account;

Highest purchase price 95.5p

lowest purchase price 7.5p

Some rise that!

6200 of those were mine :) - higher than I'd like to pay but it is what it is.

· Seek to bring a strategic partner into Temaris during the first half of 2026 - Not left long on this one!

I fully agree, I bought in yesterday for £20k. Small fry compared to others but, I made the mistake of letting someone put doubt in my mind about how the market would react. They mentioned a few things, '30p is nailed on a year from now' and 'it's too expensive but if it dips to XXX I'll consider'. Whilst I know you shouldn't listen to others on this board, it did make me question myself hence I only went in with 33% instead of the full £60k.

Anyway, 10% up so easiest 2k cushion I've had I think

Legache,

The problem is, those with a roses tinted glasses admit it in most cases. And if it doesnt go as planned they'll usually say 'well it was a risk worth taking becuase of the upside'.

Those that just spout nonsense day in and day out about the downside never do this, they usually just evaporate like the darkness at dawn and return the minute something doesn't go to plan to tell everyone how right they've been all along. It's boring. A good example would be when Iran kicked off, how many posters came here to say oil would be $60 in in two weeks? loads...how many came back and said I massively underestimated how bad this was? None

Yes, issues at Stag and CWLH. Guess what, every single operator has the same issues. I've been on vessels where we've done a simple gasket change out and it resulted in the FPSO being offline for 3 months. These guys are operating a floating refinery in harsh weather conditions and parts being delivered like it's the 1750's via boat. What do you expect. If it goes right then it's probably just luck!

yes, I too have a large holding here, I'm 60% up and believe that will be 150%-200% soon enough.

Jeez, this share is just so negative all the time. Every time I come on here it feels toxic.

High oil price - Yes but when oil price comes down we'll be losing money

Debt paid off- yes but only becuase oil price is high

low oil price - well never make money in Australia

Excellent drilling results - yes but I don't believe thats true

Vietnam news - yes but we need to see the gas contracts price

Have a day off

Another 11 million barrel drawdown of oil productions from US reserves. Interesting that the market seems to think this isn't a problem ha

Should be sitting in the high 90's minimum right now so I'd call that a win of purchase. 20 days until the AGM, hopefully news on an award before then!

US distillate inventories sink to 23 year low

https://energynow.com/2026/05/us-distillate-inventories-sink-to-23-year-low/

Only just managed to look at the latest presentation. Slide 13 and 17 are a massive eye opener.

Temaris - they've already mapped out prospects on block PM507. 'Multi TCF play' are the worlds used. 'Intense industry interest' when discussing the farm-in.

Production profile - 10,000 boepd by 2028. Rising to 21,000 in 2029 as the base case... 52,500 boepd modelled with exploration potential excluding 2A in 2031.

Mental value proposition here if everything lines up and goes to plan.

These guys will be chasing PM519 too? PM507 to the right of Temaris and PM519 to the left.

Personally I feel we'll just be bought out with management recommending it. Might be a slight premium but nothing spectacular.

I certainly don't disagree Legache, if JSE become a £1bn+ Mcap company I'll pop the champaign with you.

But the ONLY perk oil and gas offers is... when the good times are good, they should be great. I just feel like limiting distributions to shareholders is kicking us in the teeth a little. Mcap, ~£160 million. Assuming prices hold, which I believe they will. They could literally distribute the Mcap to shareholders and still almost double their forecast because they didn't account for it.

Good to see how little interest there is in selling at 90p. Roll on £2+.

Kertang being drilled in less that 12 months from now. DEWA should start ramping up in activity in the next 6 months and a tasty expansion of the Temaris block is hopefully on the horizon.

My only mistake was not buying more :)

Montara... believe it or not is holding the fort

Yeah couldn't write it, anyone with a brain would have postponed the off station incident the Australia government.

What the hell is going on with Stag too? is that back online yet?

I think we can all agree, it was fun at first but I'd much rather see $75/$80 oil price that $150 at this stage.

and whoever is expecting $50 oil price, I'll have two of whatever they've had

Gazelleman - Whilst I don't see 60's on the cards, you've hit the nail on the head. As always the SP drops to the strike price, discounted placings are a complete waste of time IMO, it does nothing but give big players a warm fuzzy feeling that they've got something cheap. I refuse to believe these guys couldn't have got this away at a premium given A) we are already cheap and B) the assets, plans and future prospects of the company.

Trawl - I get exactly what you are saying but from my perspective, shareholder value is all that matters and is all that should matter to every company. As an absolute guess, we are on for somewhere between 250-500 million in FCF by YE 2027 depending on how the ME pans out. I have my opinions on this and believe it will be the upper range.

(I also think the FCF guidance they put out looks suspect, the jump between $65 boepd and $75 boepd is almost $100 million, but between $75 and $85 looks to be closer to $70 million. Not sure why that would be the case given its only an opex delta, I would have assumed the FCF becomes incrementally larger since CAPEX and costs are generally covered in the base case)

So my point being, if we are already funded for Nam Du/U Minh in the base case then what are they doing with all this excess free cash flow, other than ofcourse paying themselves large bonuses at our expense?

These guys need to drop out a 10% dividend in my opinion (or a buyback as others have mentioned). Divi's bring in institutions, they are absolutely coining it in at this oil price and let's be honest... $15 million a year on divi payments is chump change all things considered. They are happy to line their own pockets with $2.5 million in stock awards and boast of 100's of millions in free cash flow, well let the actual investors see the cash

Well done Bubba! lots more to come IMO. I'm thinking those broker targets should more than doable in this price environment. Average is 67p, bearing in mind they don't include Nam Du/U Minh and ofcourse oil above $100