Member Info for Desmond45

Doesn’t sound as if any placing is imminent either. Received a chunky €700k+ payment which easily pays off the 100k refinancing tab. DP appears to be turning the ship around. More of the same Davey cheers!

100m shares traded already, looks as though the cat is out of the bag Mullins!

Can’t buy on interactive investor. Can see this shooting up fast if volume persists

Quite an incredible gap between the value of Powerhouse (71m cap) and EQtec (11m cap).

Looks poised to move up here

Realistically this share is seriously undervalued. What makes PHE so special to be capped 10x greater than EQT when you compare the balance sheets! This will bag multiple times over if some of these deals come to fruition.

I struggle to see it ever being economically viable to commercialise these compartmentalised areas of oil which are generally 70% saturated with water and 11% porosity, as well as hit and miss with gas/condensate rather than oil. It certainly won’t be next year when they drill based of timings of prior farm outs too. I’ve now learnt the trick is buying in immediately following the very last placing before the drill - which is tough in itself as DW will sneak them in left right and centre. Holders have a patient wait ahead make sure you stay alert! Lol

There is also Cali which despite pretty underwhelming flow rates at the moment ~350bopd it is now organically self funding future wells and receiving pricing similar to Brent crude. Around 100m NPV in Grizzly island which we have chance to drill too with no dilution. Overall Cali is a welcome source of income which is not to be sniffed at with current macro condition It looks as if S&S are building a solid company. The proof will be in the assets in the coming months - what an exciting journey to be on.

Im with you on that olda. Upcoming results from IM1, WNA2, WNB1 will send this multiples of todays sp if they come in. Work program is entirely funded, and the gas is proven already (flowed at 4.5mcf at A1 well - from UJO presentation). As malcy said in his blog it’s a PROVEN gas field already and RBD now own 56% of it. Parta has already proven it flows historically from this horizon as well and the reservoir characteristics were above expectation. This is going to be a bumper year with 4 flow tests (IM1, IM2, WNA2, WNB1) 0.6 is a steal when IIs ploughed 24m in at 0.9 and haven’t had their return yet. Only one way this is going folks... Good luck

Anything under 7.50 looks a bargain today!

Smart money moving in here.

Surely any UJO holder is surely looking at jumping ship to RBD. 16% vs 56% of West Newton. No brainer!

Boom.

That 88E is paying 8-9m during historic oil lows for a load more crap leases with no 3D seismic and v.low chance of success because it increases their ability to raise funds. And it also lines the MDs pockets who conveniently has a tonne of shares in XCD.

People are acting as if the company is finished due to some operational issues. Can still produce over 15K bopd from one well. 50% drop is ludicrous this will recover above 10p next week.

Smart money moving in now. PIs shaken out.

Drop has been wayyyy overdone. Give this a couple months in the bottom drawer!

Right lads, that’s me done here.

Might dip back in following the cash raise and consolidation prior to drilling the next well. Dave has really blown this venture year on year. All the best. Hope those suffering recoup their funds at some point. D45

Good news logged for tomorrow?

Excellent move by the government fixing oil at 45$. Guaranteed healthy profits for PPC now.