Member Info for DRichi

...the rig at the Tapir well, Pirity Concession, Paraguay should be in place and subject to a few checks should be ready to start drilling. Game on......

It does make sense to structure the communications in such a way to downplay chances of success in order to minimize any loses if Paraguay is a duster.

All the other companies and spin-offs are just potential at the moment. They could all eat up money and then fail. Or one of them could turn into the trailblazer in it's field and be an incredible success. But you can't price for that.

The current MEN SP though is ridiculously low based on any normal P/E EBITDA x forward earnings valuation. The reason that the SP is so low is not because MEN doesn't have oil & gas reserves, or because it's production figures are low, because the production is good, reserves are good and prospects could be great. MEN has a low SP because years of not delivering on promises have made the Market give up on it. Market sentiment is very much amount momentum though, and, MEN does have many irons in the fire, and success in any one of them could make MEN return like Phoenix from the Ashes . Cue Baddiel & Skinner singing.... and Jason Lee turning up with a pineapple on his head....

What's another delay?!? At least it's on it's way. I remember being super excited about this when it happened ten years ago, and bought shares at 30p (in old money = £60 a share now) thinking it was going to make me rich.... maybe this time it'll work.........

GLA

Today- Annual General Meeting ("AGM") to be held on Tuesday 25 July 2023 at 1:00 p.m. BST at Carrwood Park, Selby Road, Leeds, LS15 4LG.

If anyone is going, any feedback, comments that you could share here would be appreciated. Cheers!

Good find Ecclescake. The heading of the article has more positivity than we are used to, "Argentina hits milestone on path to gas export bonanza" - Good word, "bonanza". This is from Vaca Muerta where Molecular Energy own the rights to a huge gas reserve. Let's hope the drilling is a big success there later this year, and MEN can get a piece or two of this pie.

Oil in Paraguay, gas in Argentina, that's two prospective possible chances that this dog share has this year of having it's day, and apparently every dog does have it's day, so fingers crossed.....

In the Corporate section it says, " Capital reorganisation consolidating every 200 existing ordinary shares into one consolidated share, and the sub-division of every such consolidated share into one new ordinary share and one deferred share."

This is the first I have heard about deferred shares. There's no deferred shares in my ISA. Will we credited with them at some point? What's happening here?

The production figures look strong (relatively speaking). Nice to see the oil output increasing.

Paraguay is scheduled to spud early July with results being known aprox 6 weeks after that. The big exploratory drill in Paraguay, we know that there is an incredible amount of oil down there, and a hit could be huge. But can President find it? Can they get it out? We've been waiting since 2014 to find out.... Vaya con dios el Presidente....

Argentina £2M EBITDA for Q1, that's pretty good. More increases to come. Atome making progress, and Paraguay on-track for spudding 1st week of July.

The Broker forecast in the FT is predicting a price increase to a SP of £8.35 in the next 12 months.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=MEN:LSE

We are due a Trading update this week, so maybe she knows something we don't. A price increase from £1.20 to £8.35 would be very nice indeed. I would say though that I won't bet on it, except I already have. Maybe this time ol' President will come good.......

We enter the month of May, Paraguay exploratory drill should be spudding this month. Maybe the time for an upturn in fortunes is now. Maybe....

God save the King!

Well, well, well, no mention of wells or wildcat drilling or Paraguay. Business update instead focused on diversification. Green House Capital, Dual Fuel, HYSO, ATON 6, and " various discussions regarding further projects into which Green House Capital may invest". Cue Guy Ritchie style voice over "that's a lot of sticky fingers in an awful lot of sticky pies".

Peter Levine, Chairman, commented: "The direction of Molecular's mobility divisions is clear, with the intent, as a disruptor, to break the glass ceiling..... we believe our focus on green and alternative energy projects will create significant value for our public company investors". Significant value you say? Well, that would be nice, wouldn't it....

It's scheduled to be spudding in May, be nice to get an update soon saying everything is going ahead and on-track

@Northern- I agree if everything all comes together it could be pretty spectacular, but that's a pretty big IF to be fair.

On the bright side, "past performance is no guarantee of future returns" so this time it might be different and all work out. Fingers crossed.....

After being below £1 a share last week, finishing this week on £1.35 would be very progress. To quote PL "the direction of travel is clear" (As long as you a just the parameters to get the answer you want of course).

Hopefully though all weeks from now till drilling results in July will see rises like this, and then fingers crossed Paraguay can be a hit

Smart move. That's a Buy that will make a very decent profit. Wish I had a 120p average

The Paraguay drilling is scheduled to spud in one months time. When that happens I expect the SP to move up a bit, and then it'll probably be a bit after then so June or July when we'll find out if they can hit a gusher. Please, please can the drilling be a big success.....

Thanks Ecclescake- nice to read a positive view

$2.4M in interest on the IYA Loan 'written off' by PL in exchange for about that amounts worth of shares in Atome. That's a £2.4M better off Molecular will be, and the full principal amount of the IYA Loan to be repaid by Dec 2025.

It has been argued here numerous times that the level of debt here has really held the SP back, so I think paying $2.4M less interest has to be a good thing for the company.

Grsshaw- That's a great shout about the Louisiana assets. IIRC in Louisiana when the numbers started to decline in President's last well it got sold off to another company owned by PL. Expect it'll be a similar sort of transfer.

Income is money received. Profits is what's left after liabilities including staff costs, loan interest paid etc have been deducted. So that's $19M that Molecular theoretically have in the bank from 2022's work (with a tax bill still to pay).