Member Info for Deeko19

The amount of company directors that would be being investigated in the us market yet the fsa don’t even so much as acknowledge wrongdoing in the uk is wild.

The good news is it does create opportunity for some.

Stas20, the problem is the London market has become nothing more than a dump. It’s run by deep pockets that can push share prices exactly where they want it.

Hence why companies are leaving in favour of other markets and IPO’s are thin on the ground. How many companies announce an over performing well and upgrade guidance to see the share price fall 10%.

Eventually value wins out but it takes patience

Yeah read that. It’s as vague as they come.

Can’t buy a peanut…

Sounds to me like the offshore management team needs a full reshuffle. It’s always going to be difficult when the end of an oil field is in sight. All staff start to really switch off

Sorry missed this, what ongoing problem at Montara?

I seen a post yesterday r.e supply vessels. Is that the one?

Https://uk.finance.yahoo.com/news/totalenergies-uk-gas-assets-bought-160420657.html

Total still has its 7,500 boepd West of Shetland gas assets for sale following the collapse of Prax group. Article dated 02 July.

Jadestone set up Jadestone UK PLC on the 30th of July with the company description set as ‘extraction of natural gas’

I personally think there are better acquisitions out there but Jadestone have the capital available for this…

And poor Charlie didn’t make a single dime in all those years

I was playing with the idea that Jadestone may acquire Seascape at some stage in the future.

May actually end up the other way round at this rate…

So much going for this company but so unloved, the recovery has to start here soon. £100 million Mcap is just illogical.

It’s just full of long term holders - waiting on Kertang to take it to £10 anyway.

Right you are! Wasn’t aiming to be super accurate, just more indicative.

Average H1 price based off revenue vs cumulative production is $61.70… average oil price in H1 was ~ $70.

I know people like to comment and get excited on spot price but average oil price in H2 will likely be $68-70 whether people like it or not.

24000 (boepd) x 365 (days) x $65 x 0.9 (operational efficiency) = $512,000,000 in revenue.

Opex decreased but lets assume it stays flat at $240,000,000

Now that’s serious operational cash flow incoming. Almost $300,000,000

The market may not like it but I do

Yeah feeling a little orchestrated? Fell on tiny volume then didn’t budge on massive buying pressure.

Weird, but there is significant value to be had here for the patient

250k blocks being bought up that apparently don’t agree with you analysis Charlie.

I also don’t see any substance in them. They appear baseless and when asked for any details you disappear.

Interesting price action. Can’t please them all clearly.

Seascape is looking Very cheap again now. 1.5 Tcf (280 million now) is incredible.

Most of the Temaris 2C reserves are in Tembakau which again, is incredible. I was concerned the split was slightly larger making them both a fringe discovery but nope. Tembakau holds most, in Norway we were drilling prospects that size for £50-£70 million.

I said 100% upside in Temaris exploration prospects would be great, they come through with ~250%. Id imagine there should be a nice chunky payment on any farm out. I’d like to see them bid in the upcoming bid round for the adjacent block which Piere noted that the play continues into.

Great work, looking forward to the broker updates

Then start up, conditioning the well and stable rate, shut it, well performance analysis and restart. It actually *can* take weeks.

Has it been weeks? I’ve not got all the details but it sounds like the rig only left site a few days ago. They would only have been approved for a start up once that has left.

Then start up, conditioning the well and stable rate, shut it, well performance analysis and restart. It actually does take weeks.

If the well is significantly better, they’ll want to be confident it doesn’t fall off a cliff the day after the RNS.

If it’s significantly worse they’ll want to assess how bad and what remediation they’ll need.

Believe it or not it’s a high risk activity, it’s not just pressing a button and hoping.

Although I am hoping some weak hands get nervous fold and I can get a few more at basement prices

Sorry Charlie, I’m not spamming just have abit of time at the mo.

Genuinely curious to hear why you believe debt will be difficult to pay down, I’ve dropped my thoughts below on what I believe will be 2026 revenue and why I think opex will remain in the $240 million region. Hence a decent amount of cash at hand. That’s why I feel a special divi may be on the cards… plus Tyrus may push for it with near 30% and practically owning the board.

Happy to hear and consider all sides though.

Sea7,

Was Skua cleaned up to the rid do you know?