Member Info for Denziiil

And the algos battling each other for the rest of the afternoon!

And suddenly there’s a leak, now stopped.
I’m sure it’s just a coincidence.

Zero net debt by end October by my calcs.
Possibly sooner given fe spot price.
Cash got to go somewhere.

For clarity, Took my first lump yesterday and am
struggling to find few if any negatives surrounding BMN.
Felt I had missed out last time around so really happy to have a second chance.
It is a daft price down here. GLA

Never ask an honest question on LSE. Doing due diligence, and it is important to find out who and when have the ability to dispose.
For the record it has created a great buy point.

1 Million drops coming through, i’m assuming it’s Yellow dragon, which isn’t helping the price off the floor any.
Has anyone got a count of how far through the 34 million shares they are?
I’ve counted around 3 million over the last few days?

Mostin and xxxyz, both decent points. Good analysis for both sides . We finally got there.

Who's selling this? Madness.
listed at £1, now 40% down.
£8M in the bank.
mcap £6.45M
This goes through through the roof on an acquisition.
Still I guess it takes all sorts to make a market!

Waiting for the IPO flippers to stop.

That’s a lousy flow rate. What are you on about?

Blade reference the pension liabilities. Spirit or indeed Taka don’t get to walk away from pension commitments due to change of operatorship.

MCap: £219M
Current SP. £16.75
Cash in bank: £240M
SP at cash £18.46

Gap will close.

For the record. This isn’t a 10 bagger in waiting.

Interim results were announced 20th September last year.

MTSparky. The clue was in your posting. 27% of 70,000 bopd.

I clocked that Mytton. Malcy is right though, given the mcap standing at free cash currently, and not cash set aside for decoms, the reserves and ongoing business are carrying nil value right now. Unless the mcap gets a shift on, it does raise the possibility of a bid. $7-$10/ bbl for 62M P2 reserves seems to be the ongoing range.

Cash will be at £17/18 a share.
So it’s a question of what you value $200M cash generation p/a
& 60M barrels p1&p2 reserves at?

AA isn’t just sitting on the cash. All the time you’re not getting a dividend a deal is in the mix imo.

I must have missed that one??!

Generous? Possibly. We have no idea how the seismic is coming in. It could equally have been the steal of the century Trellis.
Surrendering 31% of TA has saved Echo $8M in agreed work on other areas, and around $12M odd of additional drill costs. Plus $2M release of secured funds.
Total $22M odd which ties in with pretty much what we have spent on Tapi Aike come end of seismic.