Member Info for Desmond45

Oil at 68$ a barrel. UOG taking it home in wheelbarrows at these prices. 3000+ barrels per day at £26m mcap.

Market is sleeping

Oh dear. Placing at 1.5p????

It’s getting close now.

About to pop £2 in the next few trading days.

DYOR

Then you compare companies like UOG - producing over 3k boepd, with 30 low risk low cost follow on targets in Egypt. Proven gas in Italy. A blue sky ~billion barrel oip target in Jamaica etc at a mcap of £27m.

Then you have 88E valued at £57m with no production, nothing but a flip of a coin at harrier and merlin, with no 3D seismic and are arguably the biggest punts of all the 88Es failed targets to date?

It’s all going to end in tears I’m afraid. Talk of ConocoPhillips phillips buying 88E is absolute fantasy. DW has walked and the curtain is closing slowly but surely.

Indeed Hu11. This will be < 0.2 after the drill results come in IMO

We’re talking £60m+ In yearly revenue at current production, low B/E costs. At a £23m mcap!

Not long now folks. PB said mid to late February for an update on the testing program during the proactive investors interview. He’s also referred to chinook as world class, and the original cascadara well already maxed out the testing equipment at over 5K boepd. This is going to seriously motor soon barring anything unexpected. Fear of missing out will start over the next few days IMO

Truth - My post was entirely accurate. It’s lunatic posters like Brucey who are the real danger. Happily telling naive investors how great dog stocks are and to invest their hard earned. Probably a paid ramper or just a total novice. One or the other.

1p still looks overvalued at a £20m+ mcap IMO. All they have is a machine that doesn’t work properly, no orders (what happened to volz?) and a whole load of confetti options which TB and co will be dumping in the market for ages.

Dodgy twitter pumps regarding the cloudveil side of the business. “The gods are with us” springs to mind, no RNS ever materialised though.

Agri side of things not bearing any fruit (only chillis)

All in all an absolutely rotten share. Avoid.

58m mcap, not for widows and orphans this one. A bloodbath is coming.

Consolidation what a disaster.

Seems to be doom and gloom on here but I think people will be pleasantly surprised. I think there could be an update tomorrow.

This is a short-mid term 10 bagger. They will announce a deal with a few thousand boepd production and some running room to ramp it up further IMO.

Maybe going for a bigger asset than anticipated and IIs to pile in a few more £ as part of it. Reservoir analysts have been and gone so it wouldn’t surprise me if they were dotting Ts right about now.

At the end of the day they made $9m+ in 10 months last year from Egypt. That will be eclipsed this year with the increase in bopd. How many other companies trade at such a low mcap relative to earnings? Companies like 88E are sitting at 60m mcap with no production, just a wildcat drill or two. This will bag several times IMO

Yeah I’ve taken a few more here today. Ash 3 will take production up over 2.5K boepd. For a 20m mcap that is a crazy figure.

Why don’t S&S just tell investors when the EWT is going to start instead of waffling absolute ****?

Current mcap at this price will be £58m once the confetti placing shares are factored in. Absolutely eye watering for a company with no feasible resources. This is not investing, this is gambling.

Thou shall not speak ill of PB

Tick tock. Need to get something over the line...

It’s certainly a good time to invest if you want an 80% chance of losing your money. I would recommend people take a look at quality stocks who already have discoveries and production such as TXP