Member Info for EarlofAim

Last year Update was on 18 December, hopefully this week we should be getting an update.

Old and wiser

fantastic post, you have hit the nail on the head.
past is past, This message to all LTHs.
Why are the Institutional Investors Loading up here, ask yourself!
Debt sorted, watch the video I posted last week. huge CEO Said it about 7 times that debt been cleared.

I've seen companies like WSBN CEO making mess of the companies he was involved.
fast forward 1 year and Wsbn is looking good.
same will happen here. Legacy Debt Sorted, all company needs to do is plug into the existing well and Increase the production.

I urge all to watch and take notes of the CEO comments
https://www.sharesmagazine.co.uk/video/serinus-energy-senx-jeffrey-auld-president-and-ceo

from the two RNS I have deduced that this company is DEBT FREE albeit at the cost of placing. the way I look at this is its a turnaround company to produce double the current production and the The main positive is NO MORE DEBT to hold SENX back.
CEO said "money will be used to acceleration further production and profits will be given to shareholders via dividends or acquiring more profitable assets.

I urge all to read RNS 26 November 2020,
clearly states the intention to raise money for Debt clearance.

then on the 27 November they announced an oversubscribed Fundraise of $21M.

H2 2020 should be a good one,
-cost savings £1.6M
-more revenue from DMSl

https://www.sharesmagazine.co.uk/video/serinus-energy-senx-jeffrey-auld-president-and-ceo

https://www.sharesmagazine.co.uk/video/serinus-energy-senx-jeffrey-auld-president-and-ceo

I urge all to listen to The video recent interview.
CEO said SP is depressed.

originalHS

and the good news is SP is risen from year low. I have So this is a fantastic turn around company

2,415 boe/d average production $50= $44M per Annum

plus looking to increase production.
Debt free,

SENX - Production costs are low. Under $10 per barrel

Oil price is $51 per barrel

They did 2,415 boe/d average production in Q3 2020

looking at this company reminds me of #ECHO Energy.
looks primed to go on a decent run

fantastic rns,
to be with Nasdaq company its a great stepping stone to to the wider market.

fallen from 9.4p 23 months ago
should get to 5p next few weeks if we get more good news.
we have massive reserves and resources

broker target 5p

Sellers out!!
Assets is insane $70 Billion for
$5M Cap
-This will re rate massively
-Huge upside.
-Most not cottoned on yet

OK I'll have a go at the assets, please correct me if my calculations are incorrect.

12M barrels @$50 =$600M

7.7 Tcf (trillion cubic feet) is equavilent to 1.4 t BOE
at $50 that's $70 Billion USD.

total is $70.6Billion, and OK say cost is 50% still $35 Billion of profits after the cost.

Has anyone done maths on these assets.
here is the summary

#ECHO
?? insane assets
??5p target
???P2 oil reserves 12 million barrels

Tapi Aike licence 19% holding

???Gas 7.7 Tcf = 1.4 Trillion BOE

Campo limite well drilled before covid will now be tested and brought on stream opening up a whole new gas region.

5M cap

#ECHO

Now free to move

P2 oil reserves 12 million barrels

Tapi Aike licence 19% holding

Gas 7.7 Tcf

Campo limite well drilled before covid will now be tested and brought on stream opening up a whole new gas region.

5M cap is grossley undervalued.